Document:

Document

Exhibit 10.11

SEPARATION AGREEMENT AND GENERAL RELEASE

This Separation Agreement and General Release (the “Agreement”) is made and entered into this 6th day of May, 2022 by and between The Hain Celestial Group, Inc. (“Hain” or the “Company”) and Christopher J. Boever (“Employee”).

WHEREAS, Hain and Employee wish to amicably terminate Employee’s employment with Hain;

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth therein, Hain and Employee agree as follows:

1.Termination of Employment

Employee’s last day of employment with Hain is May 6, 2022 (the “Termination Date”).

2.Severance Payments by Hain

As consideration for signing this Agreement and Employee’s complete compliance therewith, Hain shall provide Employee with cash severance in the aggregate amount of $985,149 (equal to Employee’s annual base salary as of the Termination Date plus Employee’s target annual bonus), less applicable withholdings and deductions, payable over a period of 12 months starting from the Effective Date (as defined below), payable in biweekly installments in accordance with the general payroll practices of the Company.
3.Benefits; Forfeiture of Equity Awards

Hain agrees to continue Employee’s medical, dental and vision coverage through May 31, 2022, in accordance with Hain’s standard policy for U.S. employees. Thereafter, Employee will be eligible to elect to continue medical, dental and vision plan coverage pursuant to the notice sent to Employee by the insurance provider in accordance with the Consolidated Omnibus Budget Reconciliation Act ("COBRA"). If Employee properly and timely elects medical, dental, and/or vision coverage pursuant to COBRA as coverage existed as of the Termination Date, Hain agrees to pay the cost of the premium for such elected coverage (subject to applicable taxes) for a period of 12 months, beginning on June 1, 2022 and ending May 31, 2023, provided Employee remains eligible for COBRA coverage continuation. Thereafter, Employee shall be entitled to elect to continue such COBRA coverage for the remainder of the COBRA period, at Employee’s own expense, in accordance with applicable law. In the event Employee becomes eligible for coverage under another employer’s plan or elects participation in another group medical and dental plan, Hain’s obligation to continue paying premiums under this Section shall cease immediately. Employee shall notify Hain immediately of Employee’s eligibility for coverage under another employer’s plan so that Hain may cease making COBRA payments on Employee’s behalf.

Employee's participation in all other benefits and incidents of employment (including, but not limited to, the accrual of vacation and paid time off, Life Insurance, AD&D, Long Term Disability, 401(k), and the vesting of equity grants as applicable) cease on the Termination Date.

Employee acknowledges and agrees that upon the Termination Date all of Employee’s outstanding Restricted Share Units (RSUs), Performance Share Units (PSUs) and any other outstanding equity awards will be forfeited and cancelled without consideration and without any benefit or value payable or deliverable to Employee, regardless of any provision to the contrary in any of the applicable award agreements.

4.Payment of Salary

Except with respect to the severance payments, accrued vacation and benefits provided by Sections 2 and 3 hereof, Employee acknowledges and represents that, as of the date Employee signed this Agreement, Hain has paid all salary, wages, bonuses, equity, housing allowances, relocation costs, interest, severance, stock, stock options, fees, commissions, and any and all other benefits and compensation due to Employee.

5.Indemnification

Notwithstanding anything to the contrary herein, including any release by Employee here, to the fullest extent permitted by applicable law and the provisions of the existing Hain Certificate of Incorporation, Hain shall indemnify and hold harmless Employee from and against any and all liabilities, obligations, losses, damages, fines, taxes and interest and penalties thereon (other than taxes based on fees or other compensation received by Employee), claims, demands, actions, suits, proceedings (whether civil, criminal, administrative, investigative or otherwise), costs, expenses and disbursements (including legal and accounting fees and expenses, costs of investigation and sums paid in settlement) of any kind or nature whatsoever (collectively, “Claims and Expenses”) which may be imposed on, incurred by or asserted at any time against Employee in any way related to Employee’s employment by Hain, or the management or administration of Hain, or in connection with the business or affairs of Hain or the activities of Employee on behalf of the Company; provided that Employee shall not be entitled to indemnification hereunder for Claims and Expenses that are (i) incurred by Employee as plaintiff in any action, suit or proceeding brought against the Company or (ii) incurred by Employee as a defendant in any action, suit or proceeding brought against Employee by a third party and found by a court of competent jurisdiction in a final judgment not subject to further appeal to be attributable to Employee’s fraud, gross negligence or willful misconduct.

6.Release by Employee
Employee agrees that Employee would not be entitled to the consideration set forth in Sections 2 and 3 absent Employee’s execution and fulfillment of this Agreement. As a consequence of execution of this Agreement, Hain and its current and former officers, directors, employees, agents, investors, attorneys, creditors, counsel, shareholders, administrators, affiliates, divisions, subsidiaries, predecessor and successor corporations and assigns and any other affiliated or related person or entity (the “Releasees”) have no outstanding obligations to Employee. Employee, on Employee’s own behalf, and on behalf of Employee’s present and former heirs, family members, executors, creditors, agents, assigns and any other affiliated or related person or entity, hereby fully and forever releases Hain and the other Releasees from, and agrees not to sue concerning, any claim, duty, obligation or cause of action relating to any matters of any kind, 
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whether presently known or unknown, suspected or unsuspected, that Employee may possess up to and including the Effective Date of this Agreement, including, without limitation:

a.any and all claims relating to or arising from Employee's employment with Hain, or the termination of that employment;
b.any and all claims relating to, or arising from, Employee's right to purchase, or actual purchase of, shares of Company stock, including, but not limited to, any claims for fraud, misrepresentation, breach of fiduciary duty, breach of duty under applicable state corporate law, and securities fraud under any state or federal law;
c.any and all claims under the law of any jurisdiction, including, but not limited to, wrongful discharge of employment; constructive discharge from employment; termination in violation of public policy; discrimination; breach of contract, both express and implied; breach of a covenant of good faith and fair dealing, both express and implied; promissory estoppel; negligent or intentional infliction of emotional distress; negligent or intentional misrepresentation; negligent or intentional interference with contract or prospective economic advantage; unfair business practices; defamation; libel; slander; negligence; personal injury; assault; qui tam; whistleblower, battery; invasion of privacy; false imprisonment; and conversion;
d.any and all claims for violation of any federal, state or municipal statute, including, but not limited to, Title VII of the Civil Rights Act of 1964; the Civil Rights Act of 1991; the Age Discrimination in Employment Act of 1967; the Americans with Disabilities Act of 1990; the Employee Retirement Income Security Act of 1974; the Worker Adjustment and Retraining Notification Act; the Older Workers Benefit Protection Act; the Family and Medical Leave Act; the Fair Credit Reporting Act; the New York State Executive Law (including its Human Rights Law); the New York City Administrative Code (including its Human Rights Law); the New York State Labor Law; the New York wage, wage payment, wage theft and wage-hour laws; and the Sarbanes-Oxley Act;
e.any and all claims for violation of the federal, or any state, constitution;
f.any and all claims arising out of any other laws and regulations relating to employment or employment discrimination;
g.any claim for any loss, cost, damage, or expense arising out of any dispute over the non-withholding or other tax treatment of any of the proceeds received by Employee as a result of this Agreement; and
h.any and all claims for attorneys’ fees and costs.
Hain and Employee agree that the release set forth in this Section shall be and remain in effect in all respects as a complete general release as to the matters released for all time. Employee agrees and understands this Agreement provides a full and final general release covering all known and unknown and anticipated and unanticipated injuries, debts, or damages which may have arisen, or which may arise, connected with all matters from the beginning of time to the Effective 
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Date, as well as those injuries, debts, claims or damages now known or disclosed which may have arisen, or which may arise, from Employee’s employment with or separation from Hain on the Termination Date.

This release is not intended to bar claims for workers’ compensation benefits or unemployment insurance benefits, but Employee acknowledges that Employee is not aware of any work-related condition or injury. Moreover, Employee and Hain acknowledge that this Agreement does not limit either party’s right, where applicable, to file or participate in an investigation, hearing, whistleblower proceeding, or other federal, state or local governmental agency (“Governmental Agency”) proceeding, but Employee waives the right to any personal remedy, to the maximum extent permitted by law, except that this Agreement does not limit Employee’s right to receive an award for information provided to any Governmental Agency.

7.Acknowledgement of Waiver of Claims Under ADEA

Employee acknowledges that Employee is waiving and releasing any rights Employee may have under the Age Discrimination in Employment Act of 1967 (“ADEA”) and that this waiver and release is knowing and voluntary. Employee and Hain agree that this waiver and release does not apply to any rights or claims that may arise under the ADEA after the Effective Date of this Agreement. Employee acknowledges that the consideration given for this waiver and release is in addition to anything of value to which Employee was already entitled. Employee further acknowledges that Employee has been advised by this writing that:
a.Employee should consult with an attorney prior to executing this Agreement;
b.Employee has up to twenty-one (21) days within which to consider this Agreement;
c.Employee has seven (7) days following Employee’s execution of this Agreement to revoke this Agreement;
d.this Agreement shall not be effective until the revocation period has expired; and
e.nothing in this Agreement prevents or precludes Employee from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties or costs for doing so, unless specifically authorized by federal law. However, if the release of ADEA claims or any other claim is set aside or limited, all monies paid hereunder shall be set-off against any relief or recovery.
8.No Admission of Liability

Neither this Agreement, nor anything contained herein, shall be construed as an admission by the Company that it has in any respect violated or abridged any Federal, State, or local law or any right or obligation that it may owe or may have owed to Employee. No final findings or final judgments have been made and Employee does not purport and will not claim to be a prevailing party, to any 
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degree or extent, nor will this Agreement or its terms be admissible in any proceeding other than in a proceeding for breach of the terms contained herein.

9.Cooperation by Employee

To the maximum extent permitted by law, Employee shall assist Hain in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints by any third party against Hain or any of the Releasees without additional compensation, provided, however that Hain will reimburse Employee for reasonable out-of-pocket and travel-related expenses incurred with providing such assistance. Employee and Hain acknowledge this Section does not limit the right, where applicable, to file or participate in an investigative proceeding of any Governmental Agency without requiring notice to Hain or any of the Releasees; Employee nevertheless understands that because of the waiver and general release Employee freely provides by signing this Agreement, Employee cannot obtain any monetary relief or recovery in any such proceeding to the extent permitted by law, except that this Agreement does not limit Employee’s right to receive an award for information provided to any Governmental Agency, as set forth in Section 6.

10.Confidential and Proprietary Information of Hain

In accordance with the Confidentiality, Non-Interference, and Invention Assignment Agreement, dated March 25, 2019 and annexed hereto as Exhibit A, Employee understands and agrees that all books, records, documents and information, whether written or not, pertaining to Hain's business activities, are the confidential and proprietary property of Hain (hereinafter referred to as "trade secrets and confidential and proprietary information") and must be returned in full and without retention of copies. Employee warrants, covenants, and agrees that Employee will not disclose any of Hain's trade secrets and confidential and proprietary information to any person or entity not employed, owned by, or otherwise affiliated with Hain or use such information for Employee’s own benefit or the benefit of any person or entity not employed, owned by, or otherwise affiliated with Hain. Employee further agrees that Employee shall not be entitled to copies, in any form, of such trade secrets and confidential and proprietary information and Employee shall immediately return to Hain any copies of such information currently in Employee’s possession or control. Notwithstanding the foregoing, nothing in this Agreement shall be construed to limit Employee from disclosing Employee’s own wages or other employment terms as provided by law.

Notwithstanding anything herein to the contrary, this Agreement does not limit or interfere with Employee’s right, without notice to or authorization of the Company, to communicate and cooperate in good faith with any self-regulatory organization or U.S. federal, state, or local governmental or law enforcement branch, agency, commission, or entity (collectively, a “Government Entity”) for the purpose of (i) reporting a possible violation of any U.S. federal, state, or local law or regulation, (ii) participating in any investigation or proceeding that may be conducted or managed by any Government Entity, including by providing documents or other information, or (iii) filing a charge or complaint with a Government Entity, provided that in each case, such communications, participation, and disclosures are consistent with applicable law. Additionally, Employee shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that is made (i) in confidence to a federal, state, or local government 
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official, or to an attorney, solely for the purpose of reporting or investigating a suspected violation of law, or (ii) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. If Employee files a lawsuit for retaliation by an employer for reporting a suspected violation of law, Employee may disclose the trade secret to Employee’s attorney and use the trade secret information in the court proceeding, if Employee files any document containing the trade secret under seal; and does not disclose the trade secret, except pursuant to court order.

11.Post-Employment Restrictive Covenants

Employee acknowledges that to the extent permissible by law, the provisions of the Confidentiality, Non-Interference, and Invention Assignment Agreement, dated March 25, 2019 and annexed hereto as Exhibit A, which are designed to survive the termination of such agreement shall survive in full force and effect for the applicable periods contained therein, except as otherwise set forth herein.

12.Return of Physical Property by Employee

Employee acknowledges Employee’s immediate responsibility to fully and unconditionally return all tangible property of Hain to Hain on or before the Termination Date. Employee acknowledges that prior to Employee’s termination, Employee will not alter or remove any Hain related data or documents from any electronic property of the Company and Employee will return all electronic property in full working order.

13.Nondisparagement

Employee agrees to refrain from any defamation, libel or slander of Hain or any of the Releasees to any person or entity including but not limited to Hain’s past, present or future customers, employees, clients, contractors, vendors, or to the media or consumer packaged goods community via any form of communication including written, oral, or electronic. Employee also agrees not to publish, discuss or comment on any remarks related to Hain or any of the other Releasees in any forum, including the internet, any web site or blog. Further, Employee agrees to refrain from any tortious interference with Hain’s or the Releasees’ contracts and relationships. If Hain’s Human Resources representatives are contacted by any potential future employers of Employee for a reference, Hain’s Human Resources representative shall provide Employee’s dates of employment and last position at Hain.

14.No Consideration Absent Execution of this Agreement

Employee agrees and understands that the Company has no obligation to pay the monies and/or benefits in Sections 2 and 3 above unless Employee signs this Agreement and follows its terms.

15.Entire Agreement and Severability

The parties hereto agree that this Agreement may not be modified, altered or changed, except by a written agreement signed by the parties hereto. This Agreement, including Exhibit A, represents the entire agreement and understanding between Hain and Employee concerning the subject matter of this Agreement and Employee's relationship with Hain, and supersedes and replaces 
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any and all prior agreements and understandings between the parties concerning the subject matter of this Agreement and Employee's relationship with Hain. If any provision of this Agreement is held to be invalid, the court rendering that finding shall interpret or modify each such clause to be enforceable to fulfill the parties’ stated intent. If that cannot be done, such clause(s) shall be void and the remaining provisions shall remain in full force and effect. If any term or provision of this Agreement or the application thereof to Employee or circumstance shall to any extent be invalid or unenforceable, such provision will be modified, rewritten or interpreted by the parties to include as much of its nature and scope as will render it enforceable. Otherwise, Hain shall be entitled to the return of the entire consideration under this Agreement.

16.Breach of Agreement

Employee acknowledges and agrees that should Employee breach this Agreement, the Company shall be entitled immediately to recover 95% of the severance payments and benefits set forth in Sections 2 and 3 already provided and to cease any outstanding consideration without impacting Employee’s release of claims and other obligations hereunder, without limitation to any other remedies, including equitable remedies. In addition, Hain shall be entitled to recover its costs and fees, including reasonable attorneys’ fees, incurred in the successful enforcement of any such relief.

17.Resolution of Disputes/Waiver of Jury Trial

Any controversy or claim arising out of this Agreement, or the breach thereof, shall be decided by an appropriate state or federal court nearest to Hain’s corporate headquarters, and all such claims shall be adjudicated by a judge sitting without a jury.

18.Governing Law

This Agreement shall be governed by the laws of the State of New York, without regard for choice of law provisions.

19.Effective Date

This Agreement is effective after it has been signed by both parties and after eight (8) days have passed following the date of Employee’s signature on the Agreement (the “Effective Date”). Any revocation prior to the eighth day after the date of Employee’s signature must be submitted, in writing, to JoAnn Murray, Executive Vice President, Chief Human Resources Officer and state, “I hereby revoke my acceptance of our Separation Agreement and General Release.” The revocation must be delivered to JoAnn Murray and postmarked within seven (7) calendar days of execution of this Agreement.

20.Capability to Waive Claims

Employee is competent to effect a knowing and voluntary general and unlimited release of all claims and to enter into this Agreement. Employee is not affected or impaired in Employee’s ability voluntarily and knowingly to consider and to execute this Agreement, whether by illness, use of alcohol, drugs or other substances or conditions. Employee is not a party to any bankruptcy, lien, assignment, creditor-debtor or other proceeding which would impair the right to 
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settle all claims against Hain or to waive all claims that Employee may have against Released Parties.

21.Voluntary Execution

Employee acknowledges that Employee has carefully read this Agreement and understands all of its terms including the general and final release of claims set forth above and covenant not to sue. Employee further acknowledges that Employee has voluntarily entered into this Agreement; that Employee has not relied upon any representation or statement, written or oral, not set forth in this Agreement; that the only consideration for signing this Agreement is as set forth herein; that the consideration received for executing this Agreement is greater than that to which Employee may otherwise be entitled; and that this document gives Employee the opportunity and encourages Employee to have this Agreement reviewed by Employee’s attorney and tax advisor.

EMPLOYEE HAS UP TO TWENTY-ONE (21) CALENDAR DAYS TO CONSIDER THIS AGREEMENT. EMPLOYEE ALSO IS ADVISED TO CONSULT WITH AN ATTORNEY PRIOR TO SIGNING THIS AGREEMENT. 

EMPLOYEE AGREES THAT ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS AGREEMENT, DO NOT RESTART OR AFFECT IN ANY MANNER THE ORIGINAL TWENTY-ONE (21) CALENDAR DAY CONSIDERATION PERIOD.

EMPLOYEE MAY REVOKE THIS AGREEMENT DURING THE SEVEN (7) CALENDAR DAYS FOLLOWING THE DAY EMPLOYEE SIGNS THIS AGREEMENT. ANY REVOCATION WITHIN THIS PERIOD MUST BE SUBMITTED, IN WRITING, TO JOANN MURRAY, EXECUTIVE VICE PRESIDENT, CHIEF HUMAN RESOURCES OFFICER AND STATE, "I HEREBY REVOKE MY ACCEPTANCE OF OUR SEPARATION AGREEMENT AND GENERAL RELEASE." THE REVOCATION MUST BE PERSONALLY DELIVERED TO JOANN MURRAY OR HER DESIGNEE, OR MAILED TO JOANN MURRAY AT THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS, NEW YORK 11042 AND POSTMARKED WITHIN SEVEN (7) CALENDAR DAYS AFTER EMPLOYEE SIGNS THIS AGREEMENT.

EMPLOYEE FREELY AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTERS INTO THIS AGREEMENT INTENDING TO WAIVE, SETTLE AND RELEASE ALL CLAIMS AGAINST HAIN AND RELEASEES.

[Signature Page Follows]

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The parties knowingly and voluntarily sign this Agreement as of the date(s) set forth below:

									
		THE HAIN CELESTIAL GROUP, INC.
			
			
	/s/ Christopher J. Boever	By:	/s/ JoAnn A. Murray
	Christopher J. Boever		JoAnn A. Murray
			Executive Vice President,
Chief Human Resources Officer
			
	Date: 5/5/2022
		Date: 5/6/2022

			

EXHIBIT A

CONFIDENTIALITY, NON-INTERFERENCE, AND INVENTION
ASSIGNMENT AGREEMENTExhibit 4.4

 

PINEAPPLE
ENERGY INC. 

TO 

[___________________] 

Trustee 

________________ 

INDENTURE 

Dated
as of [__________] 

________________ 

Senior
Debt Securities 

Pineapple
Energy Inc. 

Reconciliation
and tie between Trust Indenture Act of 1939 and 

Indenture,
dated as of [_____________]

 

	Trust
    Indenture Act Section	Indenture
    Section
	§310(a)(1)	609
	(a)(2)	609
	(a)(3)	Not
    Applicable
	(a)(4)	Not
    Applicable
	(a)(5)	609
	(b)	608,
    610
	§311(a)	613
	(b)	613
	§312(a)	701,
    702(a)
	(b)	702(b)
	(c)	702(c)
	§313(a)	703(a)
	(b)	703(a)
	(c)	703(a)
	(d)	703(b)
	§314(a)	704,
    1005
	(b)	Not
    Applicable
	(c)(1)	102
	(c)(2)	102
	(c)(3)	Not
    Applicable
	(d)	Not
    Applicable
	(e)	102
	§315(a)	601
	(b)	602
	(c)	601
	(d)	601
	(e)	514
	§316(a)	101
	(a)(1)(A)	104(h),
    502,
	 	512
	(a)(1)(B)	104(h),
    513
	(a)(2)	Not
    Applicable
	(b)	508

 

      

     

    

 

	(c)	104(h)
	§317(a)(1)	503
	(a)(2)	504
	(b)	1003
	§318(a)	107
	(c)	107

  

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

 

      

     

    

 

TABLE
OF CONTENTS

 

Page

	Article
    One Definitions and Other Provisions of General Application	 	1
	Section 1.01   	 	Definitions	 	1
	Section 1.02   	 	Compliance Certificates and Opinions	 	8
	Section 1.03 	 	Form of Documents Delivered to Trustee	 	8
	Section 1.04  	 	Acts
of Holders	 	9
	Section 1.05  	 	Notices,
etc., to Trustee and Company	 	10
	Section 1.06  	 	Notice
to Holders; Waiver	 	11
	Section 1.07 	 	Conflict
with Trust Indenture Act	 	12
	Section 1.08   	 	Effect of Headings and Table of Contents	 	12
	Section 1.09   	 	Successors and Assigns	 	12
	Section 1.10   	 	Separability Clause	 	12
	Section 1.11   	 	Benefits of Indenture	 	12
	Section 1.12   	 	Governing Law	 	12
	Section 1.13   	 	Legal Holidays	 	13
	Section 1.14   	 	Counterparts	 	13
	Section 1.15   	 	Exemption from Individual Liability	 	13
	Article
    Two Debt Security Forms	 	13
	Section 2.01  	 	Forms
Generally	 	13
	Section 2.02  	 	Form
of Trustee’s Certificate of Authentication	 	14
	Section 2.03   	 	Debt Securities in Global Form	 	14
	Article
    Three The Debt Securities	 	15
	Section 3.01   	 	Amount Unlimited; Issuance in Series	 	15
	Section 3.02   	 	Denominations	 	18
	Section 3.03   	 	Execution, Authentication, Delivery and Dating	 	18
	Section 3.04   	 	Temporary Debt Securities	 	21
	Section 3.05   	 	Registration; Registration of Transfer and Exchange	 	23
	Section 3.06   	 	Mutilated, Destroyed, Lost and Stolen Debt Securities	 	26
	Section 3.07   	 	Payment of Interest; Interest Rights Preserved	 	27
	Section 3.08   	 	Persons Deemed Owners	 	29
	Section 3.09   	 	Cancellation	 	30
	Section 3.10   	 	Computation of Interest	 	30
	Section 3.11   	 	Certification by a Person Entitled to Delivery of a
Bearer Security	 	30
	Section 3.12   	 	Judgments	 	30
	Article
    Four Satisfaction and Discharge	 	31
	Section 4.01   	 	Satisfaction and Discharge of Indenture	 	31
	Section 4.02   	 	Application of Trust Money and Eligible Instruments	 	32
	Section 4.03   	 	Satisfaction, Discharge and Defeasance of Debt Securities
of any Series	 	33
	Article
    Five Remedies	 	35
	Section 5.01   	 	Events of Default	 	35
	Section 5.02   	 	Acceleration of Maturity; Rescission and Annulment	 	37

 

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	Section 5.03   	 	Collection of Indebtedness and Suits for Enforcement
by Trustee	 	38
	Section 5.04   	 	Trustee May File Proofs of Claim	 	38
	Section 5.05   	 	Trustee May Enforce Claims without Possession of Debt
Securities or Coupons	 	39
	Section 5.06   	 	Application of Money Collected	 	39
	Section 5.07   	 	Limitation on Suits	 	40
	Section 5.08   	 	Unconditional Right of Holders to Receive Principal,
Premium and Interest	 	40
	Section 5.09   	 	Restoration of Rights and Remedies	 	41
	Section 5.10   	 	Rights and Remedies Cumulative	 	41
	Section 5.11   	 	Delay or Omission Not Waiver	 	41
	Section 5.12   	 	Control by Holders of Debt Securities	 	41
	Section 5.13   	 	Waiver of Past Defaults	 	42
	Section 5.14   	 	Undertaking for Costs	 	42
	Section 5.15   	 	Waiver of Stay or Extension Laws	 	42
	Article
    Six The Trustee	 	43
	Section 6.01   	 	Certain Duties and Responsibilities	 	43
	Section 6.02   	 	Notice of Default	 	44
	Section 6.03   	 	Certain Rights of Trustee	 	44
	Section 6.04   	 	Not Responsible for Recitals or Issuance of Debt Securities	 	45
	Section 6.05   	 	May Hold Debt Securities or Coupons	 	45
	Section 6.06   	 	Money Held in Trust	 	46
	Section 6.07   	 	Compensation and Reimbursement	 	46
	Section 6.08   	 	Disqualification; Conflicting Interests	 	46
	Section 6.09   	 	Corporate Trustee Required; Eligibility	 	47
	Section 6.10   	 	Resignation and Removal; Appointment of Successor	 	47
	Section 6.11   	 	Acceptance of Appointment by Successor	 	49
	Section 6.12   	 	Merger, Conversion, Consolidation or Succession to Business	 	50
	Section 6.13   	 	Preferential Collection of Claims Against Company	 	50
	Section 6.14   	 	Authenticating Agent	 	50
	Article
    Seven Holders’ Lists and Reports By Trustee and Company	 	52
	Section 7.01   	 	Company to Furnish Trustee Names and Addresses of Holders	 	52
	Section 7.02   	 	Preservation of Information; Communications to Holders	 	52
	Section 7.03   	 	Reports by Trustee	 	52
	Section 7.04   	 	Reports by Company	 	53
	Article
    Eight Consolidation, Merger, Conveyance, Transfer or Lease	 	53
	Section 8.01   	 	Company May Consolidate, etc. Only on Certain Terms	 	53
	Section 8.02   	 	Successor Corporation Substituted	 	54
	Article
    Nine Supplemental Indentures	 	54
	Section 9.01   	 	Supplemental Indentures without Consent of Holders	 	54
	Section 9.02   	 	Supplemental Indentures with Consent of Holders	 	55
	Section 9.03   	 	Execution of Supplemental Indentures	 	56
	Section 9.04   	 	Effect of Supplemental Indentures	 	57

 

     ii 

     

    

 

	Section 9.05   	 	Conformity with Trust Indenture Act	 	57
	Section 9.06   	 	Reference in Debt Securities to Supplemental Indentures	 	57
	Article
    Ten Covenants	 	57
	Section 10.01   	 	Payment of Principal, Premium and Interest	 	57
	Section 10.02   	 	Maintenance of Office or Agency	 	57
	Section 10.03   	 	Money for Debt Securities Payments to Be Held in Trust	 	58
	Section 10.04   	 	Payment of Additional Amounts	 	60
	Section 10.05   	 	Officers’ Certificate as to Default	 	61
	Section 10.06   	 	Waiver of Certain Covenants	 	61
	Article
    Eleven Redemption of Debt Securities	 	61
	Section 11.01   	 	Applicability of Article	 	61
	Section 11.02   	 	Election to Redeem; Notice to Trustee	 	61
	Section 11.03   	 	Selection by Trustee of Debt Securities to be Redeemed	 	62
	Section 11.04   	 	Notice of Redemption	 	62
	Section 11.05   	 	Deposit of Redemption Price	 	63
	Section 11.06   	 	Debt Securities Payable on Redemption Date	 	63
	Section 11.07   	 	Debt Securities Redeemed in Part	 	64
	Article
    Twelve Sinking Funds	 	64
	Section 12.01   	 	Applicability of Article	 	64
	Section 12.02   	 	Satisfaction of Sinking Fund Payments with Debt Securities	 	65
	Section 12.03   	 	Redemption of Debt Securities for Sinking Fund	 	65
	Article
    Thirteen Repayment at the Option of Holders	 	65
	Section 13.01   	 	Applicability of Article	 	65
	Section 13.02   	 	Repayment of Debt Securities	 	66
	Section 13.03   	 	Exercise of Option; Notice	 	66
	Section 13.04   	 	Election of Repayment by Remarketing Entities	 	67
	Section 13.05   	 	Securities Payable on the Repayment Date	 	67
	Article
    Fourteen Meetings of Holders of Debt Securities	 	67
	Section 14.01   	 	Purposes for Which Meetings May Be Called	 	67
	Section 14.02   	 	Call, Notice and Place of Meetings	 	68
	Section 14.03   	 	Persons Entitled to Vote at Meetings	 	68
	Section 14.04   	 	Quorum; Action	 	68
	Section 14.05   	 	Determination of Voting Rights; Conduct and Adjournment
of Meetings	 	69
	Section 14.06   	 	Counting Votes and Recording Action of Meetings	 	70
	Article
    Fifteen Defeasance	 	70
	Section 15.01   	 	Termination of Company’s Obligations	 	70
	Section 15.02   	 	Repayment to Company	 	71
	Section 15.03   	 	Indemnity for Eligible Instruments	 	72

 

     iii 

     

    

 

INDENTURE
(the “Indenture”) dated as of [_______________], between PINEAPPLE ENERGY INC., a Minnesota corporation (hereinafter
called the “Company”), having its principal place of business at 315 East Lake Street, Suite 301 Wayzata, MN 55391,
and [_________________], (hereinafter called the “Trustee”), a national banking association duly organized and validly
existing under the laws of the United States of America having its Corporate Trust Office at [_______________________________].

 

RECITALS
OF THE COMPANY

 

The
Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its
debentures, notes, bonds and other evidences of indebtedness (herein called the “Debt Securities”).

 

All
things necessary have been done to make this Indenture a valid agreement of the Company, in accordance with its terms. NOW, THEREFORE,
THIS INDENTURE WITNESSETH:

 

For
and in consideration of the premises and the purchase of the Debt Securities of any series created and issued on or after the
date hereof by the Holders thereof, it is mutually covenanted and agreed for the benefit of all Holders of such Debt Securities
or of any such series, as follows:

 

Article
One

Definitions and Other Provisions

of General Application

 

Section
1.01        Definitions.

 

For
all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires:

 

(1)
the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the singular;

 

(2)
all other terms used herein which are defined in the Trust Indenture Act or by Commission rule or regulation under the Trust Indenture
Act, either directly or by reference therein, as in force at the date as of which this instrument was executed, except as provided
in Section 905, have the meanings assigned to them therein;

 

(3)
all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting
principles, and, except as otherwise herein expressly provided, the term “generally accepted accounting principles”
with respect to any computation required or permitted hereunder shall mean such accounting principles as are generally accepted
in the United States at the date of such computation; and

 

     

     

    

 

(4)
the words “herein”, “hereof” and “hereunder” and other words of similar import refer to this
Indenture as a whole and not to any particular Article, Section or other subdivision.

 

Certain
terms, used principally in Article Six, are defined in that Article.

 

“Act”
when used with respect to any Holder has the meaning specified in Section 104.

 

“Affiliate”
of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect
common control with such specified Person. For the purposes of this definition, “control” when used with respect to
any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through
the ownership of voting securities by contract or otherwise, and the terms “controlling” and “controlled”
have meanings correlative to the foregoing.

 

“Authorized
Newspaper” means a newspaper in an official language of the country of publication or in the English language customarily
published on each Business Day, whether or not published on Saturdays, Sundays or holidays, and of general circulation in the
place in connection with which the term is used or in the financial community of such place. Where successive publications are
required to be made in Authorized Newspapers, the successive publications may be made in the same or in different newspapers in
the same city meeting the foregoing requirements and in each case on any Business Day.

 

“Bearer
Security” means any Debt Security established pursuant to Section 201 which is payable to bearer including, without limitation,
unless the context otherwise indicates, a Debt Security in global bearer form.

 

“Board
of Directors” means either the board of directors of the Company, or the executive or any other committee of that board
duly authorized to act in respect hereof.

 

“Board
Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been
duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to
the Trustee. Where any provision of this Indenture refers to action to be taken pursuant to a Board Resolution (including the
establishment of any series of the Debt Securities and the forms and terms thereof), such action may be taken by any committee
of the Board of the Company or any officer or employee of the Company authorized to take such action by a Board Resolution.

 

“Business
Day”, when used with respect to any Place of Payment, means any day which is not a Saturday or Sunday and which is not a
legal holiday or a day on which banking institutions or trust companies in that Place of Payment are authorized or obligated by
law or executive order to close.

 

“Clearstream”
means Clearstream Banking S.A.

 

“Commission”
means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act, or if at any time
after the execution of this

 

    2

     

    

 

instrument such Commission is not existing and performing the duties now assigned to it under the
Trust Indenture Act, then the body performing such duties on such date.

 

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

 

“Company
Request” and “Company Order” mean, respectively, except as otherwise provided in this Indenture, a written request
or order signed in the name of the Company by the Chairman of the Board, a Vice Chairman of the Board, the President or a Vice
President (any references to a Vice President of the Company herein shall be deemed to include any Vice President of the Company
whether or not designated by a number or word or words added before or after the title “Vice President”), the Treasurer,
an Assistant Treasurer, the Controller, an Assistant Controller, Secretary or an Assistant Secretary of the Company or by another
officer of the Company duly authorized to sign by a Board Resolution, and delivered to the Trustee.

 

“Corporate
Trust Office” means the principal office of the Trustee at which at any particular time its corporate trust business shall
be administered, which office at the date of original execution of this Indenture is located at [__________________________].

 

The
term “corporation” includes corporations, associations, companies and business trusts. The term “coupon”
means any interest coupon appertaining to a Bearer Security.

 

“Debt
Securities” has the meaning stated in the first recital of this Indenture and more particularly means any Debt Securities
authenticated and delivered under this Indenture.

 

“Defaulted
Interest” has the meaning specified in Section 307.

 

“Depositary”
means, with respect to the Debt Securities of any series issuable or issued in the form of a Global Security, the Person designated
as Depositary by the Company pursuant to Section 301 until a successor Depositary shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter “Depositary” shall mean or include each person who is then a Depositary
hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Debt Securities
of any such series shall mean the Depositary with respect to the Debt Securities of that series.

 

“Designated
Currency” has the meaning specified in Section 312.

 

“Dollar”
or “$” means the coin or currency of the United States of America as at the time of payment is legal tender for the
payment of public and private debts.

 

“Eligible
Instruments” means monetary assets, money market instruments and securities that are payable in Dollars only and essentially
risk free as to collection of principal and interest, including U.S. Government Obligations.

 

“Euro”
means the single currency of the European Monetary Union as defined under EC Regulation 1103/97 adopted under Article 235 of the
EU Treaty and under EC Regulation

 

    3

     

    

 

974/98 adopted under Article 109l(4) of the EU Treaty or under any successor European legislation
from time to time.

 

“Euroclear”
means Euroclear Bank S.A./N.V., as operator of the Euroclear System.

 

“Event
of Default” has the meaning specified in Section 501.

 

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

 

“Exchange
Rate” shall have the meaning specified as contemplated in Section 301.

 

“Exchange
Rate Agent” shall have the meaning specified as contemplated in Section 301.

 

“Exchange
Rate Officer’s Certificate”, with respect to any date for the payment of principal of (and premium, if any) and interest
on any series of Debt Securities, means a certificate setting forth the applicable Exchange Rate and the amounts payable in Dollars
and Foreign Currencies in respect of the principal of (and premium, if any) and interest on Debt Securities denominated in Euro,
any other composite currency or Foreign Currency, and signed by the Chairman of the Board, a Vice Chairman of the Board, the President,
a Vice President, the Treasurer or any Assistant Treasurer of the Company or the Exchange Rate Agent appointed pursuant to Section
301, and delivered to the Trustee.

 

“Foreign
Currency” means a currency issued by the government of any country other than the United States of America.

 

“Global
Exchange Agent” has the meaning specified in Section 304.

 

“Global
Exchange Date” has the meaning specified in Section 304.

 

“Global
Security” means a Debt Security issued to evidence all or part of a series of Debt Securities in accordance with Section
303.

 

“Holder”,
with respect to a Registered Security, means a Person in whose name such Registered Security is registered in the Security Register
and, with respect to a Bearer Security or a coupon, means the bearer thereof.

 

“Indenture”
means this instrument as originally executed or as it may from time to time be supplemented, amended or restated by or pursuant
to one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and, unless the context
otherwise requires, shall include the terms of a particular series of Debt Securities established as contemplated by Section 301.

 

The
term “interest”, when used with respect to an Original Issue Discount Security which by its terms bears interest only
after Maturity, means interest payable after Maturity.

 

“Interest
Payment Date”, with respect to any Debt Security, means the Stated Maturity of an installment of interest on such Debt Security.

 

    4

     

    

 

“Maturity”,
when used with respect to any Debt Security, means the date on which the principal of such Debt Security becomes due and payable
as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption, repayment
at the option of the Holder or otherwise.

 

“Officers’
Certificate” means a certificate signed by the Chairman of the Board, a Vice Chairman of the Board, the President or a Vice
President, and by the Treasurer, an Assistant Treasurer, the Controller, an Assistant Controller, the Secretary or an Assistant
Secretary of the Company, and delivered to the Trustee.

 

“Opinion
of Counsel” means a written opinion of counsel, who may (except as otherwise expressly provided in this Indenture) be an
employee of or counsel for the Company, or who may be other counsel, which is delivered to the Trustee.

 

“Original
Issue Discount Security” means any Debt Security which provides for an amount less than the principal amount thereof to
be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502.

 

“Outstanding”,
when used with respect to Debt Securities means, as of the date of determination, all Debt Securities theretofore authenticated
and delivered under this Indenture, except:

 

(i)
Debt Securities theretofore cancelled by the Trustee or delivered to the Trustee for cancellation;

 

(ii)
Debt Securities or portions thereof for whose payment or redemption money or Eligible Instruments in the necessary amount has
been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated
in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Debt Securities and any coupons
appertaining thereto; provided, however, that if such Debt Securities are to be redeemed, notice of such redemption has
been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; and

 

(iii)
Debt Securities in exchange for or in lieu of which other Debt Securities have been authenticated and delivered, or which have
been paid, pursuant to this Indenture;

 

provided,
however, that in determining whether the Holders of the requisite principal amount of Debt Securities Outstanding have given
any request, demand, authorization, direction, notice, consent or waiver hereunder, Debt Securities owned by the Company or any
other obligor upon the Debt Securities or any Affiliate of the Company or of such other obligor shall be disregarded and deemed
not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon such request, demand,
authorization, direction, notice, consent or waiver, only Debt Securities which a Responsible Officer of the Trustee actually
knows to be so owned shall be so disregarded. Debt Securities so owned which have been pledged in good faith may be regarded as
Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to
such Debt Securities and that the pledgee is not the

 

    5

     

    

 

Company or any other obligor upon the Debt Securities or any Affiliate of
the Company or of such other obligor.

 

“Paying
Agent” means any Person authorized by the Company to pay the principal of (and premium, if any) or interest on any Debt
Securities on behalf of the Company.

 

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

 

“Place
of Payment”, when used with respect to the Debt Securities of any series means any place where the principal of (and premium,
if any) and interest on the Debt Securities of that series are payable as specified as contemplated by Section 301.

 

“Predecessor
Security” of any particular Debt Security means every previous Debt Security evidencing all or a portion of the same debt
as that evidenced by such particular Debt Security; and, for the purposes of this definition, any Debt Security authenticated
and delivered under Section 306 in lieu of a lost, destroyed or stolen Debt Security shall be deemed to evidence the same debt
as the lost, destroyed or stolen Debt Security.

 

“Redemption
Date”, when used with respect to any Debt Security to be redeemed, means the date fixed for such redemption by or pursuant
to this Indenture.

 

“Redemption
Price”, when used with respect to any Debt Security to be redeemed, means the price at which it is to be redeemed pursuant
to this Indenture.

 

“Registered
Security” means any Debt Security in the form of Registered Securities established pursuant to Section 201 which is registered
in the Security Register.

 

“Regular
Record Date” for the interest payable on any Interest Payment Date on the Registered Securities of any series means the
date specified for that purpose as contemplated by Section 301.

 

“Remarketing
Entity”, when used with respect to Debt Securities of any series which are repayable at the option of the Holders thereof
before their Stated Maturity, means any person designated by the Company to purchase any such Debt Securities.

 

“Repayment
Date”, when used with respect to any Debt Security to be repaid upon exercise of an option for repayment by the Holder,
means the date fixed for such repayment pursuant to this Indenture.

 

“Repayment
Price”, when used with respect to any Debt Security to be repaid upon exercise of an option for repayment by the Holder,
means the price at which it is to be repaid pursuant to this Indenture.

 

“Responsible
Officer” when used with respect to the Trustee, means any vice president, any assistant vice president, any senior trust
officer or assistant trust officer, any trust officer, or any other officer associated with the corporate trust department of
the Trustee customarily

 

    6

     

    

 

performing functions similar to those performed by any of the above designated officers and also means,
with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of such person’s
knowledge of and familiarity with the particular subject.

 

“Security
Register” and “Security Registrar” have the respective meanings specified in Section 305.

 

“Special
Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 307.

 

“Stated
Maturity,” when used with respect to any Debt Security or any installment of interest thereon, means the date specified
in such Debt Security or a coupon representing such installment of interest as the fixed date on which the principal of such Debt
Security or such installment is due and payable.

 

“Trust
Indenture Act” means the Trust Indenture Act of 1939, as amended, as in force at the date as of which this instrument was
executed, except as provided in Section 905.

 

“Trustee”
means the Person named as the “Trustee” in the first paragraph of this instrument until a successor Trustee shall
have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include
each Person who is then a Trustee hereunder, and if at any time there is more than one such Person, “Trustee” as used
with respect to the Debt Securities of any series shall mean the Trustee with respect to Debt Securities of that series.

 

“United
States” means the United States of America (including the District of Columbia) and its possessions.

 

“United
States Alien” means any Person who, for United States Federal income tax purposes, is a foreign corporation, a non-resident
alien individual, a non-resident alien fiduciary of a foreign estate or trust, or a foreign partnership one or more of the members
of which is, for United States Federal income tax purposes, a foreign corporation, a non-resident alien individual or a non-resident
alien fiduciary of a foreign estate or trust.

 

“U.S.
Government Obligations” means direct obligations of the United States for the payment of which its full faith and credit
is pledged, or obligations of a person controlled or supervised by and acting as an agency or instrumentality of the United States
the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States, and shall
also include a depository 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 U.S. Government Obligation or a specific payment of principal of or interest on any such U.S.
Government Obligation held by such custodian for the account of the holder of such depository receipt, provided that (except
as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository
receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment of principal
of or interest on the U.S. Government Obligation evidenced by such depository receipt.

 

    7

     

    

 

Section
1.02        Compliance
Certificates and Opinions.

 

Upon
any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company
shall furnish to the Trustee, if so requested by the Trustee, an Officers’ Certificate stating that all conditions precedent,
if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating
that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of
any such application or request as to which the furnishing of such documents is specifically required by any provision of this
Indenture relating to such particular application or request, no additional certificate or opinion need be furnished.

 

Every
certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include:

 

(1)
a statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein
relating thereto;

 

(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 each such individual, he or she has made such examination or investigation as is necessary
to enable him or her 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, in the opinion of each such individual, such condition or covenant has been complied with.

 

Section
1.03        Form of Documents
Delivered to Trustee.

 

In
any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary
that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered
by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such
Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents.

 

Any
certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or
opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that
the certificate or opinion or representations with respect to the matters upon which his or her certificate or opinion is based
are erroneous. Any such certificate or Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate
or opinion of, or representations by, an officer or officers of the Company stating that the information with respect to such
factual matters is in the possession of the Company, unless such counsel knows, or in the exercise of reasonable care should know,
that the certificate or opinions or representations with respect to such matters are erroneous.

 

Where
any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions
or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument.

 

    8

     

    

 

Section
1.04        Acts of Holders.

 

(a)               
Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given
or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such
Holders in person or by an agent duly appointed in writing. If Debt Securities of a series are issuable in whole or in part as
Bearer Securities, any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture
to be given or taken by Holders may, alternatively, be embodied in and evidenced by the record of Holders of Debt Securities voting
in favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Holders of Debt Securities duly
called and held in accordance with the provisions of Article Fourteen, or a combination of such instruments and any such record.
Except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments or record
or both are delivered to the Trustee, and, where it is hereby expressly required, to the Company. Such instrument or instruments
and any such record (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act”
of the Holders signing such instrument or instruments and so voting at any such meeting. Proof of execution of any such instrument
or of a writing appointing any such agent, or the holding by any Person of a Debt Security, shall be sufficient for any purpose
of this Indenture and (subject to Section 601) conclusive in favor of the Trustee and the Company, if made in the manner provided
in this Section. The record of any meeting of Holders of Debt Securities shall be proved in the manner provided in Section 1406.

 

(b)              
The fact and date of the execution by any Person of any such instrument or writing may be proved in any manner which the Trustee
deems sufficient.

 

(c)               
The ownership of Registered Securities shall be proved by the Security Register.

 

(d)              
The principal amount and serial numbers of Bearer Securities held by any Person, and the date of holding the same, may be proved
by the production of such Bearer Securities or by a certificate executed, as depositary, by any trust company, bank, banker or
other depositary, wherever situated, if such certificate shall be deemed by the Trustee to be satisfactory, showing that at the
date therein mentioned such Person had on deposit with such depositary, or exhibited to it, the Bearer Securities in the amount
and with the serial numbers therein described; or such facts may be proved by the certificate or affidavit of the Person holding
such Bearer Securities, if such certificate or affidavit is deemed by the Trustee to be satisfactory. The Trustee and the Company
may assume that such ownership of any Bearer Security continues until (1) another certificate or affidavit bearing a later date
issued in respect of the same Bearer Security is produced, or (2) such Bearer Security is produced to the Trustee by some other
person, or (3) such Bearer Security is surrendered in exchange for a Registered Security, or (4) such Bearer Security is no longer
Outstanding.

 

(e)               
The fact and date of execution of any such instrument or writing, the authority of the Person executing the same and the principal
amount and serial numbers of Bearer Securities held by the Person so executing such instrument or writing and the date of holding
the same may also be proved in any other manner which the Trustee deems sufficient;

 

    9

     

    

 

and the Trustee may in any instance require
further proof with respect to any of the matters referred to in this Section.

 

(f)               
Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Debt Security shall bind
every future holder of the same Debt Security and the Holder of every Debt Security issued upon the registration of transfer thereof
or in exchange therefor or in lieu thereof in respect of anything done, suffered or omitted by the Trustee or the Company in reliance
thereon, whether or not notation of such action is made upon such Debt Security.

 

(g)              
For purposes of determining the principal amount of Outstanding Debt Securities of any series the Holders of which are required,
requested or permitted to give any request, demand, authorization, direction, notice, consent, waiver or take any other Act under
this Indenture, (i) each Original Issue Discount Security shall be deemed to have the principal amount determined by the Trustee
that could be declared to be due and payable pursuant to the terms of such Original Issue Discount Security as of the date there
is delivered to the Trustee and, where it is hereby expressly required, to the Company, such Act by Holders of the required aggregate
principal amount of the Outstanding Debt Securities of such series and (ii) each Debt Security denominated in a Foreign Currency
or composite currency shall be deemed to have the principal amount determined by the Exchange Rate Agent by converting the principal
amount of such Debt Security in the currency in which such Debt Security is denominated into Dollars at the Exchange Rate as of
the date such Act is delivered to the Trustee and, where it is hereby expressly required, to the Company, by Holders of the required
aggregate principal amount of the Outstanding Debt Securities of such series (or, if there is no such rate on such date, such
rate on the date determined as specified as contemplated in Section 301).

 

(h)              
The Company may set a record date for purposes of determining the identity of Holders of Debt Securities of any series entitled
to vote or consent to any action by vote or consent authorized or permitted by Section 512 or Section 513. Such record date shall
be the later of 30 days prior to the first solicitation of such consent or the date of the most recent list of Holders of such
Debt Securities furnished to the Trustee pursuant to Section 701 prior to such solicitation.

 

Section
1.05        Notices, etc.,
to Trustee and Company.

 

Any
request, demand, authorization, direction, notice, consent, waiver or other Act of Holders or other document provided or permitted
by this Indenture to be made upon, given or furnished to, or filed with,

 

(1)              
the Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder (unless otherwise herein expressly
provided), if made, given, furnished or filed in writing (which may be via original or facsimile) to or with the Trustee at its
Corporate Trust Office and which shall be deemed delivered when actually received by a Responsible Officer of the Trustee, or

 

(2)              
the Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly
provided) if in writing and mailed,

 

    10

     

    

 

first-class postage prepaid, to the Company addressed to the attention of its Secretary at
the address of its principal office specified in the first paragraph of this instrument or at any other address previously furnished
in writing to the Trustee by the Company.

 

The
Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by unsecured e-mail, facsimile
transmission or other similar unsecured electronic methods; provided, however, that (a) the party providing such electronic
instructions or directions, subsequent to the transmission thereof, shall provide the originally executed instructions or directions
to the Trustee in a timely manner and (b) such originally executed instructions or directions shall be signed by an authorized
representative of the party providing such instructions or directions. The Trustee shall not be liable for any losses, costs or
expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions or directions
notwithstanding such instructions or directions conflict or are inconsistent with a subsequent written instruction or direction
or if the subsequent written instruction or direction is never received. The party providing instructions or directions by unsecured
e-mail, facsimile transmission or other similar unsecured electronic methods, as aforesaid, agrees to assume all risks arising
out of the use of such electronic methods to submit instructions and directions to the Trustee, including without limitation the
risk of the Trustee acting on unauthorized instructions, and the risk of interception and misuse by third parties.

 

Section
1.06        Notice to
Holders; Waiver.

 

Except
as otherwise expressly provided herein, where this Indenture provides for notice to Holders of any event, (1) such notice shall
be sufficiently given to Holders of Registered Securities if in writing and mailed, first-class postage prepaid, to each Holder
of a Registered Security affected by such event, at such Holder’s address as it appears in the Security Register, not later
than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice; and (2) such notice shall
be sufficiently given to Holders of Bearer Securities by publication thereof in an Authorized Newspaper in [The City of New York]
and, if the Debt Securities of such series are then listed on any stock exchange outside the United States and such stock exchange
shall so require, in any other required city outside the United States or, if not practicable, in Europe on a Business Day at
least twice, the first such publication to be not later than the latest date and not earlier than the earliest date prescribed
for the giving of such notice.

 

In
case, by reason of the suspension of or irregularities in regular mail service or for any other reason, it shall be impossible
or impracticable to mail notice of any event to Holders of Registered Securities when said notice is required to be given pursuant
to any provision of this Indenture or of the Debt Securities, then any manner of giving such notice as shall be satisfactory to
the Trustee shall be deemed to be a sufficient giving of such notice. In any case where notice to Holders of Registered Securities
is to be given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder
of a Registered Security shall affect the sufficiency of such notice with respect to other Holders of Registered Securities or
the sufficiency of any notice by publication to Holders of Bearer Securities given as provided above.

 

In
case, by reason of the suspension of publication of any Authorized Newspaper, or by reason of any other cause, it shall be impossible
or impracticable to make publication of any notice to Holders of Bearer Securities as provided above, then such method of publication
or

 

    11

     

    

 

notification as shall be made with the approval of the Trustee shall constitute a sufficient publication of such notice. Neither
failure to give notice by publication to Holders of Bearer Securities as provided above, nor any defect in any notice so published,
shall affect the sufficiency of any notice mailed to Holders of Registered Securities as provided above.

 

Where
this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such
notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders
shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance
upon such waiver.

 

Any
request, demand, authorization, direction, notice, consent, election, waiver or other Act required or permitted under this Indenture
shall be in the English language, except that any published notice may be in an official language of the country of publication.

 

Section
1.07        Conflict with
Trust Indenture Act.

 

If
any provision hereof limits, qualifies or conflicts with another provision hereof which is required to be included in this Indenture
by any of the provisions of the Trust Indenture Act, such required provision shall control.

 

Section
1.08        Effect of
Headings and Table of Contents.

 

The
Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof.

 

Section
1.09        Successors
and Assigns.

 

All
covenants and agreements in this Indenture by the Company shall bind its successors and assigns, whether so expressed or not.

 

Section
1.10        Separability
Clause.

 

In
case any provision in this Indenture or in the Debt Securities or any coupons shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

Section
1.11        Benefits of
Indenture.

 

Nothing
in this Indenture or in the Debt Securities or any coupons, express or implied, shall give to any Person, other than the parties
hereto and their successors hereunder, any Paying Agent and the Holders, any benefit or any legal or equitable right, remedy or
claim under this Indenture.

 

Section
1.12        Governing
Law.

 

This
Indenture and the Debt Securities and any coupons shall be governed by and construed in accordance with the laws of the State
of New York.

 

    12

     

    

 

Section
1.13        Legal Holidays.

 

In
any case where any Interest Payment Date, Redemption Date, Repayment Date or Stated Maturity of any Debt Security shall not be
a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or of the Debt Securities
or coupons) payment of interest or principal (and premium, if any) need not be made at such Place of Payment on such date, but
may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest
Payment Date, Redemption Date, Repayment Date or at the Stated Maturity, and no interest shall accrue on the amount so payable
for the period from and after such Interest Payment Date, Redemption Date, Repayment Date or Stated Maturity, as the case may
be.

 

Section
1.14        Counterparts.

 

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

 

Section
1.15        Exemption
from Individual Liability.

 

No
recourse under or upon any obligation, covenant or agreement of this Indenture, or of any Debt Security or any coupon, or for
any claim based thereon or otherwise in respect thereof, shall be had against any incorporator, stockholder, officer or director,
as such, past, present or future, of the Company or of any successor corporation, either directly or through the Company, 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 of the Company,
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 any 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 Debt Securities or any coupon or implied therefrom; and that any and all such personal liability, 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 Debt Securities or any coupon 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 issue of such
Debt Securities.

 

Article
Two

Debt Security Forms

 

Section
2.01        Forms Generally.

 

The
Registered Securities, if any, and the Bearer Securities and related coupons, if any, of each series shall be in substantially
the form (including temporary or permanent global form) as shall be established in or pursuant to a Board Resolution or in one
or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and

 

    13

     

    

 

other variations
as are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends
or endorsements placed thereon, as may be required to comply with the rules of any securities exchange, or as may, consistently
herewith, be determined by the officers executing such Debt Securities or coupons, as evidenced by their signatures on the Debt
Securities or coupons. If the form of Debt Securities of any series or coupons (including any such Global Security) is established
by action taken pursuant to a Board Resolution, 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 Company Order contemplated
by Section 303 for the authentication and delivery of such Debt Securities or coupons.

 

Unless
otherwise specified as contemplated by Section 301, Debt Securities in bearer form other than Debt Securities in temporary or
permanent global form shall have coupons attached.

 

The
definitive Debt Securities and coupons, if any, shall be printed, lithographed or engraved on steel engraved borders or may be
produced in any other manner, all as determined by the officers executing such Debt Securities, as evidenced by the execution
of such Debt Securities and coupons.

 

Section
2.02        Form of Trustee’s
Certificate of Authentication.

 

This
is one of the Debt Securities, of the series designated herein, described in the within-mentioned Indenture.

 

	[____________________],
	
	as
    Trustee
	By	 
	 	Authorized
    Signatory
	Dated	 
	 	 

Section
2.03        Debt Securities
in Global Form.

 

If
Debt Securities of a series are issuable in whole or in part in global form, as specified as contemplated by Section 301, then,
notwithstanding clause (10) of Section 301 and the provisions of Section 302, such Global Security shall represent such of the
outstanding Debt Securities of such series as shall be specified therein and may provide that it shall represent the aggregate
amount of Outstanding Debt Securities from time to time endorsed thereon and that the aggregate amount of Outstanding Debt Securities
represented thereby may from time to time be reduced to reflect exchanges. Any endorsement of a Global Security to reflect the
amount, or any increase or decrease in the amount, of Outstanding Debt Securities represented thereby shall be made in such manner
and upon instructions given by such Person or Persons as shall be specified therein or in the Company Order to be delivered to
the Trustee pursuant to Section 303 or Section 304.

 

The
provisions of the last sentence of Section 303(g) shall apply to any Debt Securities represented by a Debt Security in global
form if such Debt Security was never issued and sold by

 

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the Company and the Company delivers to the Trustee the Debt Security
in global form together with written instructions (which need not comply with Section 102 and need not be accompanied by an Opinion
of Counsel) with respect to the reduction in the principal amount of Debt Securities represented thereby, together with the written
statement contemplated by the last sentence of Section 303(g).

 

Global
Securities may be issued in either registered or bearer form and in either temporary or permanent form.

 

Article
Three

The Debt Securities

 

Section
3.01        Amount Unlimited;
Issuance in Series.

 

The
aggregate principal amount of Debt Securities which may be authenticated and delivered under this Indenture is unlimited. The
Debt Securities may be issued in one or more series. There shall be established in or pursuant to a Board Resolution, and set
forth in an Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of
Debt Securities of any series:

 

(1)              
the title of the Debt Securities of the series;

 

(2)              
the limit, if any, upon the aggregate principal amount of the Debt Securities of the series which may be authenticated and delivered
under this Indenture (except for Debt Securities authenticated and delivered upon registration of transfer of, or in exchange
for, or in lieu of, other Debt Securities of the series pursuant to Section 304, 305, 306, 906, 1107 or 1303 and except for any
Debt Securities which, pursuant to Section 303, are deemed never to have been authenticated and delivered hereunder);

 

(3)              
the date or dates on which the principal and premium, if any, of the Debt Securities of the series are payable;

 

(4)              
the rate or rates, if any, at which the Debt Securities of the series shall bear interest, or the method or methods by which such
rate or rates may be determined, the date or dates from which such interest shall accrue, the Interest Payment Dates on which
such interest shall be payable, the Regular Record Date for the interest payable on any Registered Security on any Interest Payment
Date and the circumstances, if any, in which the Company may defer interest payments;

 

(5)              
the place or places where, subject to the provisions of Section 1002, the principal of (and premium, if any) and interest on Debt
Securities of the series shall be payable, any Registered Securities of the series may be surrendered for registration of transfer,
Debt Securities of the series may be surrendered for exchange and notices and demands to or upon the Company in respect of the
Debt Securities of the series and this Indenture may be served and where notices to Holders pursuant to Section 106 will be published;

 

    15

     

    

 

(6)              
if applicable, the period or periods within which or the date or dates on which, the price or prices at which and the terms and
conditions upon which Debt Securities of the series may be redeemed, in whole or in part, at the option of the Company;

 

(7)              
the obligation, if any, of the Company to redeem, repay or purchase Debt Securities of the series pursuant to any sinking fund
or analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which
and the terms and conditions upon which Debt Securities of the series shall be redeemed, repaid or purchased, in whole or in part,
pursuant to such obligation;

 

(8)              
whether Debt Securities of the series are to be issuable as Registered Securities, Bearer Securities or both, whether Debt Securities
of the series are to be issuable with or without coupons or both and, in the case of Bearer Securities, the date as of which such
Bearer Securities shall be dated if other than the date of original issuance of the first Debt Security of such series of like
tenor and term to be issued;

 

(9)              
whether the Debt Securities of the series shall be issued in whole or in part in the form of a Global Security or Securities and,
in such case, the Depositary for such Global Security or Securities, whether such global form shall be permanent or temporary
and, if applicable, the Global Exchange Date and Global Exchange Agent;

 

(10)            
if Debt Securities of the series are to be issuable initially in the form of a temporary Global Security, the circumstances under
which the temporary Global Security can be exchanged for definitive Debt Securities and whether the definitive Debt Securities
will be Registered and/or Bearer Securities and will be in global form and whether interest in respect of any portion of such
Global Security payable in respect of an Interest Payment Date prior to the Global Exchange Date shall be paid to any clearing
organization with respect to a portion of such Global Security held for its account and, in such event, the terms and conditions
(including any certification requirements) upon which any such interest payment received by a clearing organization will be credited
to the Persons entitled to interest payable on such Interest Payment Date if other than as provided in this Article Three;

 

(11)           
whether, and under what conditions, additional amounts will be payable to Holders of Debt Securities of the series pursuant to
Section 1004;

 

(12)           
the denominations in which any Registered Securities of the series shall be issuable, if other than denominations of $1,000 and
any integral multiple thereof, and the denominations in which any Bearer Securities of such series shall be issuable, if other
than the denomination of $5,000;

 

(13)           
if other than the principal amount thereof, the portion of the principal amount of Debt Securities of the series which shall be
payable upon declaration of acceleration of the Maturity thereof pursuant to Section 502;

 

(14)           
the currency or currencies of denomination of the Debt Securities of any series, which may be in Dollars, any Foreign Currency
or any composite currency,

 

    16

     

    

 

including but not limited to the Euro, and, if any such currency of denomination is a composite currency
other than the Euro, the agency or organization, if any, responsible for overseeing such composite currency;

 

(15)           
the currency or currencies in which payment of the principal of (and premium, if any) and interest on the Debt Securities will
be made, the currency or currencies, if any, in which payment of the principal of (and premium, if any) or the interest on Registered
Securities, at the election of each of the Holders thereof, may also be payable and the periods within which and the terms and
conditions upon which such election is to be made, and the Exchange Rate and the person who shall be the Exchange Rate Agent for
the Debt Securities of such series;

 

(16)           
if payments of principal of (and premium, if any) or interest on the Debt Securities of the series are to be made in a Foreign
Currency other than the currency in which such Debt Securities are denominated, the manner in which the Exchange Rate with respect
to such payments shall be determined;

 

(17)           
any Events of Default with respect to Debt Securities of such series, if not set forth herein;

 

(18)           
any other covenant or warranty included for the benefit of the Debt Securities of the series in addition to (and not inconsistent
with) those set forth herein for the benefit of Debt Securities of all series, or any other covenant or warranty included for
the benefit of Debt Securities of the series in lieu of any covenant or warranty set forth herein for the benefit of Debt Securities
of all series, or any provision that any covenant or warranty set forth herein for the benefit of Debt Securities of all series
shall not be for the benefit of Debt Securities of such series, or any combination of such covenants, warranties or provisions
and whether the provisions of Section 1006 will not apply such covenants and warranties;

 

(19)           
the terms and conditions, if any, pursuant to which the Company’s obligations under this Indenture may be terminated through
the deposit of money or Eligible Instruments as provided in Articles Four and Fifteen;

 

(20)           
the Person or Persons who shall be Security Registrar for the Debt Securities of such series if other than the Trustee, and the
place or places where the Security Register for such series shall be maintained and the Person or Persons who will be the initial
Paying Agent or Agents, if other than the Trustee; and

 

(21)           
any other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture). All Debt Securities
of any one series and the coupons appertaining to Bearer Securities of such series, if any, shall be substantially identical except,
in the case of Registered Securities, as to denomination and except as may otherwise be provided in or pursuant to such Board
Resolution and set forth in such Officers’ Certificate or in any such indenture supplemental hereto.

 

Debt
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

 

    17

     

    

 

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 or Repayment Dates and may be denominated
in different currencies or payable in different currencies.

 

If
any of the terms of a series of Debt Securities are established by action taken pursuant to a Board Resolution, 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 setting forth the terms of the series.

 

Section
3.02        Denominations.

 

Debt
Securities of each series shall be issuable in such form and denominations as shall be specified in the form of Debt Security
for such series approved or established pursuant to Section 201 or in the Officers’ Certificate delivered pursuant to Section
301. In the absence of any specification with respect to the Debt Securities of any series, the Registered Securities of such
series, if any, shall be issuable in denominations of $1,000 and any integral multiple thereof and the Bearer Securities of such
series, if any, shall be issuable in denominations of $5,000.

 

Section
3.03        Execution,
Authentication, Delivery and Dating.

 

(a)         The Debt Securities shall be executed on behalf of the Company by its Chairman of the Board, a Vice Chairman of the Board, the
President or a Vice President, and by its Treasurer or one of its Assistant Treasurers or its Secretary or one of its Assistant
Secretaries under its corporate seal reproduced thereon. The signature of any of these officers on the Debt Securities may be
manual or facsimile. Coupons shall bear the facsimile signature of an authorized officer of the Company.

 

Debt
Securities and coupons bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the
Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to
the authentication and delivery of such Debt Securities or coupons of any series or did not hold such offices at the date of such
Debt Securities or coupons.

 

(b)         At any time and from time to time after the execution and delivery of this Indenture, Debt Securities of any series may be executed
by the Company and delivered to the Trustee for authentication, and, except as otherwise provided in this Article Three, shall
thereupon be authenticated and delivered by the Trustee upon Company Order, without any further action by the Company; provided,
however, that, in connection with its original issuance, a Bearer Security may be delivered only outside the United States
and, except in the case of a temporary Global Security, only if the Company or its agent shall have received the certification
required pursuant to Sections 304(b)(iii) and (iv), unless such certification shall have been provided earlier pursuant to section
304(b)(v) hereof, and only if the Company has no reason to know that such certification is false.

 

To
the extent authorized in or pursuant to a Board Resolution and set forth in an Officers’ Certificate, or established in
one or more indentures supplemental hereto, such written Company Order may be given by any one officer or employee of the Company,
may be electronically transmitted, and may provide instructions as to registration of holders, principal amounts, rates of

 

    18

     

    

 

interest,
maturity dates and other matters contemplated by such Board Resolution and Officers’ Certificate or supplemental indenture
to be so instructed in respect thereof. Before authorizing and delivering the first Debt Securities of any series (and upon request
of the Trustee thereafter), the Company shall deliver to the Trustee (i) the certificates called for under Sections 201 and 301
hereof and (ii) an Opinion of Counsel described in the next sentence.

 

In
authenticating such Debt Securities, and accepting the additional responsibilities under this Indenture in relation to any such
Debt Securities, the Trustee shall be entitled to receive, prior to the initial authentication of such Debt Securities, and (subject
to Section 601) shall be fully protected in relying upon:

 

(i)          
a Board Resolution relating thereto and, if applicable, an appropriate record of any action taken pursuant to such resolution
certified by the Secretary or an Assistant Secretary of the Company;

 

(ii)         
an executed supplemental indenture, if any, relating thereto;

 

(iii)        
an Officers’ Certificate setting forth the form and terms of the Debt Securities of such series and coupons, if any, pursuant
to Sections 201 and 301 and stating that all conditions precedent provided for in this Indenture relating to the issuance of such
Debt Securities have been complied with; and

 

(iv)        
an Opinion of Counsel stating

 

(A)            
that the form of such Debt Securities and coupons, if any, has been established in or pursuant to a Board Resolution or by a supplemental
indenture as permitted by Section 201 in conformity with the provisions of this Indenture;

 

(B)             
that the terms of such Debt Securities and coupons, if any, have been established in or pursuant to a Board Resolution or by a
supplemental indenture as permitted by Section 301 in conformity with the provisions of this Indenture; and

 

(C)             
that such Debt Securities and coupons, if any, when authenticated and delivered by the Trustee and issued by the Company in the
manner and subject to any conditions specified in such Opinion of Counsel, will constitute legal, valid and binding obligations
of the Company, enforceable in accordance with their terms, subject, as to enforcement of remedies, to applicable bankruptcy,
reorganization, insolvency, moratorium or other laws affecting creditors’ rights generally and the application of general
principles of equity and except further as enforcement thereof may be limited by (i) requirements that a claim with respect to
any Debt Securities denominated other than in Dollars (or a Foreign Currency or currency unit judgment in respect of such claim)
be converted into Dollars at a rate of exchange prevailing on a date determined pursuant to applicable law or (ii) governmental
authority to limit, delay or prohibit the making of payments in Foreign Currencies or currency units or payments outside the United
States.

 

    19

     

    

 

(c)              
If the Company shall establish pursuant to Section 301 that the Debt Securities of a series are to be issued in whole or in part
in the form of one or more Global Securities, then the Company shall execute and the Trustee shall, in accordance with this Section
and the Company Order with respect to such series, authenticate and deliver one or more Global Securities in permanent or temporary
form that (i) shall represent and shall be denominated in an aggregate amount equal to the aggregate principal amount of the Outstanding
Debt Securities of such series to be represented by one or more Global Securities, (ii) shall be registered in the name of the
Depositary for such Global Security or Securities or the nominee of such Depositary and (iii) shall be delivered by the Trustee
to such Depositary or pursuant to such Depositary’s instructions.

 

(d)              
The Trustee shall have the right to decline to authenticate and deliver any Debt Securities under this Section 303 if the issuance
of such Debt Securities will adversely affect the Trustee’s own rights, duties or immunities under the Debt Securities and
this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee.

 

(e)              
If all the Debt Securities of any series are not to be issued at one time, it shall not be necessary to deliver an Opinion of
Counsel at the time of issuance of each Debt Security, but such Opinion of Counsel, with appropriate modifications, may instead
be delivered at or prior to the time of the first issuance of Debt Securities of such series.

 

(f)               
Each Registered Security shall be dated the date of its authentication. Each Bearer Security shall be dated as of the date specified
as contemplated by Section 301.

 

(g)              
No Debt Security or coupon attached thereto shall be entitled to any benefit under this Indenture or be valid or obligatory for
any purpose, unless there appears on such Debt Security a certificate of authentication substantially in the form provided for
herein executed by the Trustee, and such certificate upon any Debt Security shall be conclusive evidence, and the only evidence,
that such Debt Security has been duly authenticated and delivered hereunder. Except as permitted by Section 306, the Trustee shall
not authenticate and deliver any Bearer Security unless all related coupons for interest then matured have been detached and cancelled.
Notwithstanding the foregoing, if any Debt Security or portion thereof shall have been duly authenticated and delivered hereunder
but never issued and sold by the Company, and the Company shall deliver such Debt Security to the Trustee for cancellation as
provided in Section 309 together with a written statement (which need not comply with Section 102 and need not be accompanied
by an Opinion of Counsel) stating that such Debt Security or portion thereof has never been issued and sold by the Company, for
all purposes of this Indenture such Debt Security shall be deemed never to have been authenticated and delivered hereunder and
shall never be entitled to the benefits of this Indenture.

 

(h)              
Each Depositary designated pursuant to Section 301 for a Global Security in registered form must, at the time of its designation
and at all times while it serves as Depositary, be a clearing agency registered under the Exchange Act and any other applicable
statute or regulation.

 

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Section
3.04        Temporary
Debt Securities.

 

(a)              
Pending the preparation of definitive Debt Securities of any series, the Company may execute, and upon receipt of documents required
by Sections 301 and 303, together with a Company Order, the Trustee shall authenticate and deliver, temporary Debt Securities
which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any denomination, substantially of the tenor
and terms of the definitive Debt Securities in lieu of which they are issued in registered form or, if authorized, in bearer form
with one or more coupons or without coupons, and with such appropriate insertions, omissions, substitutions and other variations
as the officers executing such Debt Securities may determine, as evidenced by their signatures on such Debt Securities. In the
case of Debt Securities of any series issuable as Bearer Securities, such temporary Debt Securities may be in global form, representing
all or any part of the Outstanding Debt Securities of such series.

 

(b)             
Unless otherwise provided pursuant to Section 301:

 

(i)               
Except in the case of temporary Debt Securities in global form, if temporary Debt Securities of any series are issued, the Company
will cause definitive Debt Securities of such series to be prepared without unreasonable delay. After the preparation of definitive
Debt Securities of such series, the related temporary Debt Securities shall be exchangeable for such definitive Debt Securities
upon surrender of the temporary Debt Securities of such series at the office or agency of the Company in the Place of Payment
for such series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Debt Securities of
any series (accompanied, if applicable, by all unmatured coupons and all matured coupons in default appertaining thereto), the
Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive
Debt Securities of the same series of like tenor and terms and of authorized denominations; provided, however, that no
Bearer Security shall be delivered in exchange for a Registered Security; and provided, further, that a Bearer Security
shall be delivered in exchange for a Bearer Security only in compliance with the conditions set forth in Section 305.

 

(ii)              
If Debt Securities of any series are issued in temporary global form, any such temporary Global Security shall, unless otherwise
provided pursuant to Section 301, be delivered to the Depositary for the benefit of Euroclear and Clearstream, for credit to the
respective accounts of the beneficial owners of such Debt Securities (or to such other accounts as they may direct).

 

(iii)            
Without unnecessary delay but in any event not later than the date specified in, or determined pursuant to the terms of, any such
temporary Global Security (the “Global Exchange Date”), the Company shall deliver definitive Debt Securities to the
Trustee or the agent appointed by the Company pursuant to Section 301 to effect the exchange of the temporary Global Security
for definitive Debt Securities (the “Global Exchange Agent”), in an aggregate principal amount equal to the principal
amount of such temporary Global Security, executed by the Company. On or after the Global Exchange Date, such temporary Global
Security shall be surrendered by the Depositary to the Global Exchange Agent, to be exchanged, in whole or from time to time in
part, for definitive Debt Securities without charge and the Trustee or the Global Exchange Agent, if authorized by the Trustee
pursuant to Section 614, shall authenticate and deliver, in

 

    21

     

    

 

exchange for each portion of such temporary Global Security, an equal
aggregate principal amount of definitive Debt Securities of the same series of authorized denominations and of like tenor and
terms as the portion of such temporary Global Security to be exchanged. Upon any exchange of a part of such temporary Global Security
for definitive Debt Securities, the portion of the principal amount and any interest thereon so exchanged shall be endorsed by
the Global Exchange Agent on a schedule to such temporary Global Security, whereupon the principal amount and interest payable
with respect to such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed. The
definitive Debt Securities to be delivered in exchange for any such temporary Global Security shall be in bearer form, registered
form, global registered form or global bearer form, or any combination thereof, as specified as contemplated by Section 301, and,
if any combination thereof is so specified, as requested by the beneficial owner thereof; provided, however, that, in the
case of the exchange of the temporary Global Security for definitive Bearer Securities (including a definitive Global Bearer Security),
upon such presentation by the Depositary, such temporary Global Security shall be accompanied by a certificate signed by Euroclear
as to the portion of such temporary Global Security held for its account then to be exchanged and a certificate signed by Clearstream
as to the portion of such temporary Global Security held for its account then to be exchanged, each in the form set forth in Exhibit
B to this Indenture, unless such certificate(s) shall have been provided earlier pursuant to section 304(b)(v) hereof; and provided,
further, that definitive Bearer Securities (including a definitive Global Bearer Security) shall be delivered in exchange
for a portion of a temporary Global Security only in compliance with the requirements of Section 303.

 

(iv)            
The interest of a beneficial owner of Debt Securities of a series in a temporary Global Security shall be exchanged for definitive
Debt Securities of the same series and of like tenor and terms following the Global Exchange Date when the account holder instructs
Euroclear or Clearstream, as the case may be, to request such exchange on such account holder’s behalf and, in the case
of the exchange of the temporary Global Security for definitive Bearer Securities (including a definitive Global Bearer Security),
unless such certificate(s) shall have been provided earlier pursuant to Section 304(b)(v) hereof, the account holder delivers
to Euroclear or Clearstream, as the case may be, a certificate in the form set forth in Exhibit A-1 and, if applicable, A-2 to
this Indenture, dated no earlier than 15 days prior to the Global Exchange Date, copies of which certificate shall be available
from the offices of Euroclear and Clearstream, the Global Exchange Agent, any authenticating agent appointed for such series of
Debt Securities and each Paying Agent. Unless otherwise specified in such temporary Global Security, any such exchange shall be
made free of charge to the beneficial owners of such temporary Global Security, except that a Person receiving definitive Debt
Securities must bear the cost of insurance, postage, transportation and the like in the event that such Person does not take delivery
of such definitive Debt Securities in person at the offices of Euroclear and Clearstream. Definitive Debt Securities in bearer
form to be delivered in exchange for any portion of a temporary Global Security shall be delivered only outside the United States.

 

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(v)              
Until exchanged in full as hereinabove provided, the temporary Debt Securities of any series shall in all respects be entitled
to the same benefits under this Indenture as definitive Debt Securities of the same series and of like tenor and terms authenticated
and delivered hereunder, except that interest payable on a temporary Global Security on an Interest Payment Date shall be payable
to Euroclear and Clearstream on such Interest Payment Date only if there has been delivered by Euroclear and Clearstream to the
Global Exchange Agent a certificate or certificates in the form set forth in Exhibit B to this Indenture dated no earlier than
the first Interest Payment Date, for credit without further interest on or after such Interest Payment Date to the respective
accounts of the Persons who are the beneficial owners of such temporary Global Security on such Interest Payment Date and who
have each delivered to Euroclear or Clearstream, as the case may be, a certificate in the form set forth in Exhibit A-1 and, if
applicable, A-2 to this Indenture dated no earlier than the first Interest Payment Date. Any interest so received by Euroclear
and Clearstream and not paid as herein provided prior to the Global Exchange Date shall be returned to the Global Exchange Agent
which, upon expiration of two years after such Interest Payment Date, shall repay such interest to the Company in accordance with
Section 1003.

 

Section
3.05        Registration;
Registration of Transfer and Exchange.

 

The
Company shall cause to be kept at one of the offices or agencies to be maintained by the Company in accordance with the provisions
of this Section 305 and Section 1002, with respect to the Debt Securities of each series which are Registered Securities, a register
(herein sometimes referred to as the “Security Register”) in which, subject to such reasonable regulations as it may
prescribe, the Company shall provide for the registration of Registered Securities and of transfers of Registered Securities.
Pursuant to Section 301, the Company shall appoint, with respect to Debt Securities of each series which are Registered Securities,
a “Security Registrar” for the purpose of registering such Debt Securities and transfers and exchanges of such Debt
Securities as herein provided.

 

Upon
surrender for registration of transfer of any Registered Security of any series at the office or agency of the Company maintained
for such purpose, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee
or transferees, one or more new Registered Securities of the same series of any authorized denomination or denominations, of like
tenor and terms and aggregate principal amount.

 

At
the option of the Holder, Registered Securities of any series may be exchanged for other Registered Securities of the same series
of any authorized form and denomination, of like tenor and terms and aggregate principal amount, upon surrender of the Registered
Securities to be exchanged at such office or agency. Bearer Securities may not be delivered in exchange for Registered Securities.

 

At
the option of the Holder, Registered Securities or Bearer Securities of any series may be issued in exchange for Bearer Securities
(except as otherwise specified as contemplated by Section 301 with respect to a Bearer Security in global form) of the same series,
of any authorized denominations and of like tenor and terms and aggregate principal amount, upon surrender of the Bearer Securities
to be exchanged at any such office or agency, with all

 

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unmatured coupons and all matured coupons in default thereto appertaining.
If the Holder of a Bearer Security is unable to produce any such unmatured coupon or coupons or matured coupon or coupons in default,
such exchange may be effected if the Bearer Securities are accompanied by payment in funds acceptable to the Company and the Trustee
in an amount equal to the face amount of such missing coupon or coupons, or the surrender of such missing coupon or coupons may
be waived by the Company and the Trustee if there be furnished to them such security or indemnity as they may require to save
each of them and any Paying Agent harmless. If thereafter the Holder of such Security shall surrender to any Paying Agent any
such missing coupon in respect of which such a payment shall have been made, such Holder shall be entitled to receive the amount
of such payment; provided, however, that, except as otherwise provided in Section 1002, interest represented by coupons
shall be payable only upon presentation and surrender of those coupons at an office or agency located outside the United States.
Notwithstanding the foregoing, in case a Bearer Security of any series is surrendered at any such office or agency in exchange
for a Registered Security of the same series and like tenor and terms after the close of business at such office or agency on
(i) any Regular Record Date and before the opening of business at such office or agency on the relevant Interest Payment Date,
or (ii) any Special Record Date and before the opening of business at such office or agency on the related date for payment of
Defaulted Interest, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date or proposed
date of payment, as the case may be.

 

Whenever
any Debt Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver,
the Debt Securities which the Holder making the exchange is entitled to receive.

 

If
at any time the Depositary for the Debt Securities of a series notifies the Company that it is unwilling or unable to continue
as Depositary for the Debt Securities of such series or if at any time the Depositary for the Debt Securities of such series shall
no longer be eligible under Section 303(h), the Company shall appoint a successor Depositary with respect to the Debt Securities
of such series. If a successor Depositary for the Debt Securities of such series is not appointed by the Company within 90 days
after the Company receives such notice or becomes aware of such ineligibility, the Company’s election pursuant to Section
301(9) shall no longer be effective with respect to the Debt Securities of such series and the Company will execute, and the Trustee,
upon receipt of a Company Order for the authentication and delivery of definitive Debt Securities of such series, will authenticate
and deliver, Debt Securities of such series in definitive form in an aggregate principal amount equal to the principal amount
of the Global Security or Securities representing such series in exchange for such Global Security or Securities.

 

The
Company may at any time and in its sole discretion determine that the Debt Securities of any series issued in the form of one
or more Global Securities shall no longer be represented by such Global Security or Securities. In such event the Company will
execute, and the Trustee, upon receipt of a Company Order for the authentication and delivery of definitive Debt Securities of
such series, will authenticate and deliver, Debt Securities of such series in definitive form and in an aggregate principal amount
equal to the principal amount of the Global Security or Securities representing such series in exchange for such Global Security
or Securities.

 

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If
specified by the Company pursuant to Section 301 with respect to a series of Debt Securities, the Depositary for such series of
Debt Securities may surrender a Global Security for such series of Debt Securities in exchange in whole or in part for Debt Securities
of such series of like tenor and terms and in definitive form on such terms as are acceptable to the Company and such Depositary.
Thereupon, the Company shall execute, and the Trustee shall authenticate and deliver, without charge to any Holder, (a) to each
Person specified by such Depositary a new Debt Security or Securities of the same series, of like tenor and terms and of any authorized
denominations as requested by such person in aggregate principal amount equal to and in exchange for such Person’s beneficial
interest in the Global Security; and (b) to such Depositary a new Global Security of like tenor and terms and in a denomination
equal to the difference, if any, between the principal amount of the surrendered Global Security and the aggregate principal amount
of Debt Securities delivered to Holders thereof.

 

In
any exchange provided for in any of the preceding three paragraphs, the Company will execute and the Trustee will authenticate
and deliver Debt Securities (a) in definitive registered form in authorized denominations, if the Debt Securities of such series
are issuable as Registered Securities, (b) in definitive bearer form in authorized denominations, with coupons attached, if the
Debt Securities of such series are issuable as Bearer Securities or (c) as either Registered or Bearer Securities, as shall be
specified by the beneficial owner thereof, if the Debt Securities of such series are issuable in either form; provided, however,
that no definitive Bearer Security shall be delivered in exchange for a temporary Global Security unless the Company or its
agent shall have received from the person entitled to receive the definitive Bearer Security a certificate substantially in the
form set forth in Exhibit A-1 and, if applicable, A-2 hereto; and provided further that delivery of a Bearer Security shall
occur only outside the United States; and provided further that no definitive Bearer Security will be issued if the Company
has reason to know that any such certificate is false.

 

Upon
the exchange of a Global Security for Debt Securities in definitive form, such Global Security shall be cancelled by the Trustee.
Registered Securities issued in exchange for a Global Security pursuant to this Section shall be registered in such names and
in such authorized denominations as the Depositary for such Global Security, pursuant to instructions from its direct or indirect
participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Registered Securities to the persons in
whose names such Debt Securities are so registered. The Trustee shall deliver Bearer Securities issued in exchange for a Global
Security pursuant to this Section to the persons, and in such authorized denominations, as the Depositary for such Global Security,
pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee; provided, however,
that no definitive Bearer Security shall be delivered in exchange for a temporary Global Security unless the Company or its
agent shall have received from the person entitled to receive the definitive Bearer Security a certificate substantially in the
form set forth in Exhibit A-1 and, if applicable, A-2 hereto; and provided further that delivery of a Bearer Security shall
occur only outside the United States; and provided further that no definitive Bearer Security will be issued if the Company
has reason to know that any such certificate is false.

 

All
Debt Securities issued upon any registration of transfer or exchange of Debt Securities shall be the valid obligations of the
Company, evidencing the same debt, and entitled

 

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to the same benefits under this Indenture, as the Debt Securities surrendered
upon such registration of transfer or exchange.

 

Every
Registered Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company,
the Security Registrar or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory
to the Company, the Security Registrar and the Trustee duly executed, by the Holder thereof or such Holder’s attorney duly
authorized in writing.

 

No
charge to any Holder shall be made for any registration of transfer or exchange of Debt Securities, but the Company may require
payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer,
registration of transfer or exchange of Debt Securities, other than exchanges expressly provided in this Indenture to be made
at the Company’s own expense or without expense or without charge to the Holders.

 

The
Company shall not be required (i) to issue, register the transfer of or exchange Debt Securities of any particular series to be
redeemed for a period of fifteen days preceding the first publication of the relevant notice of redemption or, if Registered Securities
are outstanding and there is no publication, the mailing of the relevant notice of redemption of Debt Securities of such series
selected for redemption under Section 1103 and ending at the close of business on the day of such mailing, or (ii) to register
the transfer of or exchange any Registered Security so selected for redemption in whole or in part, except the unredeemed portion
of such Registered Security being redeemed in part, or (iii) to exchange any Bearer Security so selected for redemption except
that such a Bearer Security may be exchanged for a Registered Security of like tenor and terms of that series, provided
that such Registered Security shall be simultaneously surrendered for redemption.

 

Notwithstanding
anything herein to the contrary, the exchange of Bearer Securities into Registered Securities shall be subject to applicable laws
and regulations in effect at the time of exchange; neither the Company, the Trustee nor the Security Registrar shall exchange
any Bearer Securities into Registered Securities if it has received an Opinion of Counsel that as a result of such exchanges the
Company would suffer adverse consequences under the United States Federal income tax laws and regulations then in effect and the
Company has delivered to the Trustee a Company Order directing the Trustee not to make such exchanges thereafter unless and until
the Trustee receives a subsequent Company Order to the contrary. The Company shall deliver copies of such Company Orders to the
Security Registrar.

 

Section
3.06        Mutilated,
Destroyed, Lost and Stolen Debt Securities.

 

If
(i) any mutilated Debt Security or a Bearer Security with a mutilated coupon appertaining to it is surrendered to a Paying Agent
outside the United States designated by the Company, or, in the case of any Registered Security, to the Trustee, or (ii) the Company
and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Debt Security or coupon, and there
is delivered to the Company and the Trustee such security or indemnity as may be required by them to save each of them harmless,
then, in the absence of notice to the Company and the Trustee that such Debt Security or coupon has been acquired by a bona fide

 

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purchaser, the Company shall execute and upon its written request the Trustee shall authenticate and deliver, in exchange for
any such mutilated Debt Security or Bearer Security with a mutilated coupon appertaining to it or to which a destroyed, lost or
stolen coupon appertains (with all related coupons not destroyed, lost or stolen) or in lieu of any such destroyed, lost or stolen
Debt Security, a new Debt Security of like tenor and terms and principal amount, bearing a number not contemporaneously outstanding,
with coupons corresponding to the coupons, if any, appertaining to such destroyed, lost or stolen Debt Security or to the Debt
Security to which such destroyed, lost or stolen coupon appertains; provided, however, that any such new Bearer Security
will be delivered only in compliance with the conditions set forth in Section 305.

 

In
case any such mutilated, destroyed, lost or stolen Debt Security or coupon has become or is about to become due and payable, the
Company in its discretion may, instead of issuing a new Debt Security, pay such Debt Security or coupon; provided, however,
that payment of principal of (and premium, if any) and any interest on Bearer Securities shall, except as otherwise provided
in Section 1002, be payable only at an office or agency located outside the United States; and provided, further, that,
with respect to any such coupons, interest represented thereby (but not any additional amounts payable as provided in Section
1004), shall be payable only upon presentation and surrender of the coupons appertaining thereto.

 

Upon
the issuance of any new Debt Security or coupons under this Section, the Company may require the payment of a sum sufficient to
cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees
and expenses of the Trustee and printing expenses) connected therewith.

 

Every
new Debt Security of any series, with its coupons, if any, issued pursuant to this Section in lieu of any destroyed, lost or stolen
Debt Security, or in exchange for a Bearer Security to which a destroyed, lost or stolen coupon appertains, shall constitute an
original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Debt Security and its
coupons, if any, or the destroyed, lost or stolen coupon shall be at any time enforceable by anyone, and any such new Debt Security
and coupons, if any, shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other
Debt Securities of that series and their coupons, if any, duly issued hereunder.

 

The
provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect
to the replacement or payment of mutilated, destroyed, lost or stolen Debt Securities or coupons.

 

Section
3.07        Payment of
Interest; Interest Rights Preserved.

 

Interest
on any Registered Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be
paid to the Person in whose name that Registered Security (or one or more Predecessor Securities) is registered at the close of
business on the Regular Record Date for such interest. In case a Bearer Security of any series is surrendered in exchange for
a Registered Security of such series after the close of business (at an office or agency in a Place of Payment for such series)
on any Regular Record Date and before the opening of business (at such office or agency) on the next succeeding Interest Payment
Date, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment

 

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Date and interest will not
be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but
will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. At the option
of the Company, payment of interest on any Registered Security may be made by check in the currency designated for such payment
pursuant to the terms of such Registered Security mailed to the address of the Person entitled thereto as such address shall appear
in the Security Register or by wire transfer to an account in such currency designated by such Person in writing not later than
ten days prior to the date of such payment.

 

Any
interest on any Registered Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest
Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder on
the relevant Regular Record Date by virtue of his having been such Holder, and such Defaulted Interest may be paid by the Company,
at its election in each case, as provided in Clause (1) or (2) below:

 

(1)
The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Registered Securities of such
series (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment
of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the
amount of Defaulted Interest proposed to be paid on each Registered Security of such series and the date of the proposed payment,
and at the same time the Company shall deposit with the Trustee an amount of money and/or, to the extent such Debt Securities
are denominated and payable in Dollars only, Eligible Instruments the payments of principal and interest on which when due (and
without reinvestment and providing no tax liability will be imposed upon the Trustee or the Holder of such Registered Securities)
will provide money in such amounts as will (together with any money irrevocably deposited in trust with the Trustee, without investment)
be 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 and/or Eligible Instruments when deposited
to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this Clause provided. Thereupon the
Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not
less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the
written notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date. Unless the
Trustee is acting as the Security Registrar, promptly after such Special Record Date, the Company shall furnish the Trustee with
a list, or shall make arrangements satisfactory to the Trustee with respect thereto, of the names and addresses of, and principal
amounts of Registered Securities of such series held by, the Holders appearing on the Security Register at the close of business
on such Special Record Date. In the name and at the expense of the Company, the Trustee shall cause notice of the proposed payment
of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder of Registered
Securities of such series at his address as it appears in the Security Register, not less than 10 days prior to such Special Record
Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid,
such Defaulted Interest shall be

 

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paid to the Persons in whose names the Registered Securities of such series (or their respective
Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant
to the following Clause (2). In case a Bearer Security of any series is surrendered at the office or agency in a Place of Payment
for such series in exchange for a Registered Security of such series after the close of business at such office or agency on any
Special Record Date and before the opening of business at such office or agency on the related proposed date for payment of Defaulted
Interest, such Bearer Security shall be surrendered without the coupon relating to such proposed date of payment and Defaulted
Interest will not be payable on such proposed date of payment in respect of the Registered Security issued in exchange for such
Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture.

 

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

 

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

 

Subject
to the limitations set forth in Section 1002, the Holder of any coupon appertaining to a Bearer Security shall be entitled to
receive the interest payable on such coupon upon presentation and surrender of such coupon on or after the Interest Payment Date
of such coupon at an office or agency maintained for such purpose pursuant to Section 1002.

 

Section
3.08        Persons Deemed
Owners.

 

Prior
to due presentment of a Registered Security for registration of transfer, the Company, the Trustee and any agent of the Company
or of the Trustee may treat the Person in whose name such Registered Security is registered as the owner of such Registered Security
for the purpose of receiving payment of principal of (and premium, if any) and (subject to Section 307) interest on such Registered
Security and for all other purposes whatsoever, whether or not such Registered Security be overdue, and neither the Company, the
Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary.

 

The
Company, the Trustee and any agent of the Company or the Trustee may treat the bearer of any Bearer Security and the bearer of
any coupon as the absolute owner of such Bearer Security or coupon for the purpose of receiving payment thereof or on account
thereof and for all other purposes whatsoever, whether or not such Bearer Security or coupon be overdue, and neither the Company,
the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary.

 

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None
of the Company, the Trustee, any Paying Agent or the Security Registrar will have any responsibility or liability for any aspect
of the records relating to or payments made on account of beneficial ownership interests of a Global Security or for maintaining,
supervising or reviewing any records relating to such beneficial ownership interests.

 

Section
3.09        Cancellation.

 

Unless
otherwise provided with respect to a series of Debt Securities, all Debt Securities and coupons surrendered for payment, redemption,
repayment, transfer, exchange or credit against any sinking fund payment pursuant to this Indenture, shall, if surrendered to
the Company or any agent of the Company, be delivered to the Trustee and shall be promptly cancelled by it. The Company may at
any time deliver to the Trustee for cancellation any Debt Securities previously authenticated and delivered hereunder which the
Company may have acquired in any manner whatsoever, and all Debt Securities so delivered shall be promptly cancelled by the Trustee.
No Debt Securities shall be authenticated in lieu of or in exchange for any Debt Securities cancelled as provided in this Section,
except as expressly permitted by this Indenture. All cancelled Debt Securities and coupons held by the Trustee shall be destroyed
and certification of their destruction delivered to the Company unless by a Company Order the Company shall direct that the cancelled
Debt Securities or coupons be returned to it.

 

Section
3.10        Computation of
Interest.

 

Except
as otherwise specified as contemplated by Section 301 for Debt Securities of any series, interest on the Debt Securities of each
series shall be computed on the basis of a 360-day year of twelve 30-day months.

 

Section
3.11        Certification
by a Person Entitled to Delivery of a Bearer Security.

 

Whenever
any provision of this Indenture or a Debt Security contemplates that certification be given by a Person entitled to delivery of
a Bearer Security, such certification shall be provided substantially in the form of Exhibit A-1 and, if applicable, A-2 hereto,
with only such changes as shall be approved by the Company and consented to by the Trustee whose consent shall not unreasonably
be withheld.

 

Section
3.12        Judgments.

 

The
Company may provide, pursuant to Section 301, for the Debt Securities of any series that, to the fullest extent possible under
applicable law and except as may otherwise be specified as contemplated in Section 301, (a) the obligation, if any, of the Company
to pay the principal of (and premium, if any) and interest on the Debt Securities of any series and any related coupons in a Foreign
Currency, composite currency or Dollars (the “Designated Currency”) as may be specified pursuant to Section 301 is
of the essence and that judgments in respect of such Debt Securities shall be given in the Designated Currency; (b) the obligation
of the Company to make payments in the Designated Currency of the principal of (and premium, if any) and interest on such Debt
Securities and any related coupons shall, notwithstanding any payment in any other currency (whether pursuant to a judgment or
otherwise), be discharged only to the extent of the amount in the Designated Currency that the Holder receiving such payment may,
in accordance with normal banking procedures, purchase with the sum paid in such other currency (after any

 

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premium and cost of
exchange) in the country of issue of the Designated Currency in the case of Foreign Currency or Dollars or in the international
banking community in the case of a composite currency on the Business Day immediately following the day on which such Holder receives
such payment; (c) if the amount in the Designated Currency that may be so purchased for any reason falls short of the amount originally
due, the Company shall pay such additional amounts as may be necessary to compensate for such shortfall; and (d) any obligation
of the Company not discharged by such payment shall be due as a separate and independent obligation and, until discharged as provided
herein, shall continue in full force and effect.

 

Article
Four

Satisfaction and Discharge

 

Section
4.01        Satisfaction
and Discharge of Indenture.

 

This
Indenture shall upon Company Request cease to be of further effect (except as to any surviving rights of registration of transfer
or exchange of Debt Securities herein expressly provided for and rights to receive payments of principal and interest thereon
and any right to receive additional amounts, as provided in Section 1004) and the Trustee, at the expense of the Company, shall
execute proper instruments acknowledging satisfaction and discharge of this Indenture when

 

(1)          
either

 

(A)        
all Debt Securities theretofore authenticated and delivered and all coupons appertaining thereto (other than (i) coupons appertaining
to Bearer Securities surrendered in exchange for Registered Securities and maturing after such exchange, surrender of which is
not required or has been waived as provided in Section 305, (ii) Debt Securities and coupons which have been destroyed, lost or
stolen and which have been replaced or paid as provided in Section 306, (iii) coupons appertaining to Bearer Securities called
for redemption or surrendered for repayment and maturing after the relevant Redemption Date or Repayment Date, as appropriate,
surrender of which has been waived as provided in Section 1106 or 1303 and (iv) Debt Securities and coupons for whose payment
money and/or Eligible Instruments have theretofore been deposited in trust or segregated and held in trust by the Company and
thereafter repaid to the Company or discharged from such trust, as provided in Section 1003) have been delivered to the Trustee
cancelled or for cancellation; or

 

(B)         
all such Debt Securities not theretofore delivered to the Trustee for cancellation

 

(i)         have
become due and payable, or

 

(ii)        will
become due and payable at their Stated Maturity within one year, or

 

(iii)       are
to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of

 

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redemption
by the Trustee in the name, and at the expense, of the Company, and the Company, in the case of (B)(i), (B)(ii) or (B)(iii) above,
has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose money and/or, to
the extent such Debt Securities are denominated and payable in Dollars only, Eligible Instruments the payments of principal and
interest on which when due (and without reinvestment and providing no tax liability will be imposed upon the Trustee or the Holders
of Debt Securities) will provide money in such amounts as will (together with any money irrevocably deposited in trust with the
Trustee, without investment) be sufficient to pay and discharge the entire indebtedness on such Debt Securities and coupons of
such series for principal (and premium, if any) and interest, and any mandatory sinking fund, repayment or analogous payments
thereon, on the scheduled due dates therefor to the date of such deposit (in the case of Debt Securities and coupons which have
become due and payable) or to the Stated Maturity or Redemption Date, if any, and all Repayment Dates (in the case of Debt Securities
repayable at the option of the Holders thereof); provided, however, that in the event a petition for relief under any applicable
Federal or state bankruptcy, insolvency, reorganization or other similar law is filed with respect to the Company within 91 days
after the deposit, the obligations of the Company under the Indenture with respect to the Debt Securities of such series shall
not be deemed terminated or discharged, and in such event the Trustee shall be required to return the deposited money and Eligible
Instruments then held by the Trustee to the Company;

 

(2)         
the Company has paid or caused to be paid all other sums payable hereunder by the Company; and

 

(3)         
the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that all conditions
precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with.

 

Notwithstanding
the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 607 and, if money
or Eligible Instruments shall have been deposited with the Trustee pursuant to Subclause (B) of Clause (1) of this Section, the
obligations of the Trustee under Section 402 and the last paragraph of Section 1003 shall survive such satisfaction and discharge.

 

Section
4.02        Application
of Trust Money and Eligible Instruments.

 

(a)          Subject to the provisions of the last paragraph of Section 1003, all money and Eligible Instruments deposited with the Trustee
pursuant to Section 401, 403 or 1501 shall be held in trust and such money and the principal and interest received on such Eligible
Instruments shall be applied by it, in accordance with the provisions of the Debt Securities, any coupons and this Indenture,
to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee
may determine, to the

 

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Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money
or Eligible Instruments have been deposited with the Trustee.

 

(b)          The Trustee shall deliver or pay to the Company from time to time upon Company Request any Eligible Instruments or money held
by it as provided in Section 403 or 1501 which, in the opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee, are then in excess of the amount thereof which then would
have been required to be deposited for the purpose for which such Eligible Instruments or money were deposited or received.

 

(c)          The Trustee shall deliver to the Company from time to time upon Company Request any Eligible Instruments held by it as provided
in Section 403 or 1501, provided that the Company in substitution therefor simultaneously delivers to the Trustee, money or other
Eligible Instruments which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee, would then be sufficient to satisfy the Company’s payment obligations in
respect of the Debt Securities in the manner contemplated by Section 403 or 1501.

 

Section
4.03        Satisfaction,
Discharge and Defeasance of Debt Securities of any Series.

 

If
this Section 403 is specified, as contemplated by Section 301, to be applicable to Debt Securities of any series, then, notwithstanding
Section 401, (i) the Company shall be deemed to have paid and discharged the entire indebtedness on all the Outstanding Debt Securities
of any such series and related coupons; (ii) the provisions of this Indenture as it relates to such Outstanding Debt Securities
and related coupons shall no longer be in effect (except as to the rights of Holders of Debt Securities to receive, from the trust
fund described in subparagraph (1) below, payment of (x) the principal of (and premium, if any) and any installment of principal
of (and premium, if any) or interest on such Debt Securities and related coupons on the Stated Maturity of such principal (and
premium, if any) or installment of principal (and premium, if any) or interest or (y) any mandatory sinking fund, repayment or
analogous payments applicable to the Debt Securities of that series on that day on which such payments are due and payable in
accordance with the terms of this Indenture and of such Debt Securities, the Company’s obligations with respect to such
Debt Securities under Sections 304, 305, 306, 1002, 1003 and 1004 and the rights, powers, trusts, duties and immunities of the
Trustee hereunder, including those under Section 607 hereof); and (iii) the Trustee, at the expense of the Company, shall, upon
Company Order, execute proper instruments acknowledging satisfaction and discharge of such indebtedness, when

 

(1)          either

 

(A)            
with respect to all Outstanding Debt Securities of such series and related coupons, with reference to this Section 403, the Company
has deposited or caused to be deposited with the Trustee (or another trustee satisfying the requirements of Section 609 who shall
agree to comply with the provisions of this Section 403 applicable to it) irrevocably, as trust funds in trust, money and/or,
to the extent such Debt Securities are denominated and payable in Dollars only, Eligible Instruments the payments of principal
and interest on which when due

 

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(and without reinvestment and providing no tax liability will be imposed upon the Trustee or the
Holders of such Debt Securities) will provide money in such amounts as will (together with any money irrevocably deposited in
trust with the Trustee, without investment) be sufficient to pay and discharge (i) the principal of (and premium, if any) and
interest on the Outstanding Debt Securities of that series and related coupons on the Stated Maturity of such principal or interest
or, if such series may be redeemed by the Company prior to the Stated Maturity thereof, and the Company shall have given irrevocable
instructions to the Trustee to effect such redemption, at the date fixed for such redemption pursuant to Article Eleven, and (ii)
any mandatory sinking fund payments or analogous payments applicable to Debt Securities of such series on the date on which such
payments are due and payable in accordance with the terms of this Indenture and of such Debt Securities; or

 

(B)             
the Company has properly fulfilled such other means of satisfaction and discharge as is specified, as contemplated by Section
301, to be applicable to the Debt Securities of such series;

 

(2)           the Company has paid or caused to be paid all sums payable with respect to the Outstanding Debt Securities of such series and
related coupons;

 

(3)           such deposit will not result in a breach of, or constitute a default under, this Indenture or any other agreement or instrument
to which the Company is a party or by which it is bound;

 

(4)           no Event of Default or event which, with the giving of notice or lapse of time, or both, would become an Event of Default pursuant
to Section 501(1), (2), (3), (5) or (6) with respect to the Debt Securities of such series shall have occurred and be continuing
on the date of such deposit and no Event of Default under Section 501(5) or Section 501(6) or event which, with the giving of
notice or lapse of time, or both, would become an Event of Default under Section 501(5) or Section 501(6) shall have occurred
and be continuing on the 91st day after such date; provided, however, that should that condition fail
to be satisfied on or before such 91st day, the Trustee shall promptly, upon satisfactory receipt of evidence of such
failure, return such deposit to the Company;

 

(5)           the Company has delivered to the Trustee an Opinion of Counsel to the effect that (a) the Company has received from, or there
has been published by, the Internal Revenue Service a ruling, or (b) since the date of this Indenture there has been a change
in applicable Federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm
that, the Holders of Debt Securities and related coupons of such series will not recognize income, gain or loss for Federal income
tax purposes as a result of such deposit, defeasance and discharge and will be subject to Federal income tax on the same amount
and in the same manner and at the same times as would have been the case if such deposit, defeasance and discharge had not occurred;

 

(6)           if the Debt Securities of that series are then listed on any domestic or foreign securities exchange, the Company shall have delivered
to the Trustee an Opinion

 

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of Counsel to the effect that such deposit, defeasance and discharge will not cause such Debt Securities
to be delisted;

 

(7)           such deposit shall have been effected in compliance with any additional terms, conditions or limitations which may be imposed
on the Company in connection therewith pursuant to Section 301; and

 

(8)           the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
precedent herein provided for relating to the satisfaction and discharge of the entire indebtedness of all Outstanding Debt Securities
and related coupons have been complied with.

 

Any
deposits with the Trustee referred to in Section 403(1)(A) above shall be irrevocable and shall be made under the terms of an
escrow or trust agreement in form and substance satisfactory to the Trustee. If any Outstanding Debt Securities of such series
are to be redeemed prior to their Stated Maturity, whether pursuant to any optional redemption provisions or in accordance with
any mandatory sinking fund requirement, the applicable escrow or trust agreement shall provide therefor and the Company shall
make such arrangements as are satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and
at the expense, of the Company.

 

Upon
the satisfaction of the conditions set forth in this Section 403 with respect to all the Outstanding Debt Securities of any series,
the terms and conditions of such series, including the terms and conditions with respect thereto set forth in this Indenture,
shall no longer be binding upon, or applicable to, the Company; provided that the Company shall not be discharged from
any payment obligations in respect of Debt Securities of such series which are deemed not to be Outstanding under clause (iii)
of the definition thereof if such obligations continue to be valid obligations of the Company under applicable law.

 

Notwithstanding
the cessation, termination and discharge of all obligations, covenants and agreements (except as provided above in this Section
403) of the Company under this Indenture with respect to any series of Debt Securities, the obligations of the Company to the
Trustee under Section 607, and the obligations of the Trustee under Section 402 and the last paragraph of Section 1003, shall
survive with respect to such series of Debt Securities.

 

Article
Five

Remedies

 

Section
5.01        Events of
Default.

 

“Event
of Default”, wherever used herein with respect to Debt Securities of any series, means any one of the following events (whatever
the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law, pursuant
to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

 

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(1)           default in the payment of any interest upon any Debt Security of such series or a related coupon, if any, when it becomes due
and payable, and continuance of such default for a period of 30 days; or

 

(2)           default in the payment of the principal of (or premium, if any, on) any Debt Security of such series at its Maturity; or

 

(3)           default in the deposit of any sinking fund payment, when and as due by the terms of a Debt Security of such series; or

 

(4)           default in the performance, or breach, of any covenant or warranty of the Company in this Indenture (other than a covenant or
warranty a default in whose performance or whose breach is elsewhere in this Section specifically dealt with or which has expressly
been included in this Indenture solely for the benefit of Debt Securities of a series other than such series), and continuance
of such default or breach for a period of 90 days after there has been given by registered or certified mail, to the Company by
the Trustee, or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Debt Securities
of such series, a written notice specifying such default or breach and requiring it to be remedied and stating that such notice
is a “Notice of Default” hereunder; or

 

(5)           the entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of the Company in an involuntary
case or proceeding under any applicable Federal or state bankruptcy, insolvency, reorganization or other similar law or (B) a
decree or order adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization,
arrangement, adjustment or composition of or in respect of the Company under any applicable Federal or State law, or appointing
a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or of any substantial
part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order
for relief or any such other decree or order unstayed and in effect for a period of 60 consecutive days; or

 

(6)           the commencement by the Company of a voluntary case or proceeding under any applicable Federal or state bankruptcy, insolvency,
reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent
by it to the entry of a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable
Federal or state bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency
case or proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any
applicable Federal or State law, or the consent by it to the filing of such petition or to the appointment of or taking possession
by a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of the Company or of any substantial
part of its property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of
its inability to pay its debts generally as they become due, or the taking of corporate action by the Company in furtherance of
any such action; or

 

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(7)           any other Event of Default, if any, provided with respect to Debt Securities of such series specified as contemplated by Section
301.

 

Section
5.02        Acceleration
of Maturity; Rescission and Annulment.

 

If
an Event of Default with respect to Debt Securities of any series at the time Outstanding occurs and is continuing, then and in
every such case the Trustee or the Holders of not less than 25% in principal amount of Outstanding Debt Securities of such series
may declare the principal amount (or, if the Debt Securities of such series are Original Issue Discount Securities, such portion
of the principal amount as may be specified in the terms of such series) of and all accrued but unpaid interest on all the Debt
Securities of such series to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given
by such Holders), and upon any such declaration such principal amount (or specified amount) shall become immediately due and payable.
Upon payment of such amount, all obligations of the Company in respect of the payment of principal of the Debt Securities of such
series shall terminate.

 

At
any time after such a declaration of acceleration with respect to Debt Securities of any series has been made and before a judgment
or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of
a majority in principal amount of the Outstanding Debt Securities of such series, by written notice to the Company and the Trustee,
may rescind and annul such declaration and its consequences if

 

(1)           the Company has paid or deposited with the Trustee a sum sufficient to pay

 

(A)            
all overdue installments of interest on all Debt Securities of such series and any related coupons,

 

(B)             
the principal of (and premium, if any, on) any Debt Securities of such series which have become due otherwise than by such declaration
of acceleration and interest thereon at the rate or rates prescribed therefor in such Debt Securities,

 

(C)             
to the extent that payment of such interest is lawful, interest upon overdue installments of interest on each Debt Security and
any related coupons at the rate or rates prescribed therefor in such Debt Securities, and

 

(D)            
all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel;

 

and

 

(2)           all Events of Default with respect to Debt Securities of such series, other than the non-payment of the principal of Debt Securities
of such series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section
513.

 

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No
such rescission shall affect any subsequent default or impair any right consequent thereon.

 

Section
5.03        Collection
of Indebtedness and Suits for Enforcement by Trustee.

 

The
Company covenants that if:

 

(1)           default is made in the payment of any installment of interest on any Debt Security or any related coupon when such interest becomes
due and payable and such default continues for a period of 30 days, or

 

(2)           default is made in the payment of the principal of (or premium, if any, on) any Debt Security at the Maturity thereof, the Company
will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Debt Securities and any related coupons, the
amount then due and payable on such Debt Securities and coupons for principal (and premium, if any) and interest and, to the extent
that payment of such interest shall be legally enforceable, interest upon the overdue principal (and premium, if any) and, upon
overdue installments of interest, at the rate or rates prescribed therefor in such Debt Securities, and, in addition thereto,
such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel.

 

If
the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust,
may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to judgment
or final decree, and may enforce the same against the Company or any other obligor upon such Debt Securities and coupons and collect
the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor
upon such Debt Securities and coupons, wherever situated.

 

If
an Event of Default with respect to Debt Securities of any series occurs and is continuing, the Trustee may in its discretion
proceed to protect and enforce its rights and the rights of the Holders of Debt Securities of such series and any related coupons
by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether
for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein,
or to enforce any other proper remedy.

 

Section
5.04        Trustee May
File Proofs of Claim.

 

In
case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition
or other judicial proceedings, or any voluntary or involuntary case under the Federal bankruptcy laws as now or hereafter constituted,
relative to the Company or any other obligor upon the Debt Securities of a particular series or any related coupons or the property
of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of such Debt Securities
shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall
have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention
in such proceedings or otherwise,

 

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(1)          to file and prove a claim for the whole amount of principal (and premium, if any) and interest owing and unpaid in respect of
the Debt Securities of such series and any related coupons and to file such other papers or documents as may be necessary or advisable
in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and

 

(2)          to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; and
any receiver, assignee, trustee, custodian, liquidator, sequestrator or other similar official in any such proceeding is hereby
authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making
of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607.

 

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

 

Section
5.05        Trustee May
Enforce Claims without Possession of Debt Securities or Coupons.

 

All
rights of action and claims under this Indenture or the Debt Securities or coupons may be prosecuted and enforced by the Trustee
without the possession of any of the Debt Securities or coupons or the production thereof in any proceeding relating thereto,
and any such proceeding instituted by the Trustee shall be brought in its own name, as trustee of an express trust, and any recovery
of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Debt Securities and coupons in respect of which
such judgment has been recovered.

 

Section
5.06        Application
of Money Collected.

 

Any
money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by
the Trustee and, in case of the distribution of such money on account of principal (and premium, if any) or interest, upon presentation
of the Debt Securities or any coupons, or both, as the case may be, and the notation thereon of the payment if only partially
paid and upon surrender thereof if fully paid:

 

FIRST:
To the payment of all amounts due the Trustee under Section 607; SECOND: To the payment of the amounts then due and unpaid for
principal of (and premium, if any) and interest on the Debt Securities and any coupons, 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 Debt Securities

 

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and any coupons for principal (and premium, if any) and interest, respectively. The Holders of each series
of Debt Securities denominated in Euro, any other composite currency or a Foreign Currency and any matured coupons relating thereto
shall be entitled to receive a ratable portion of the amount determined by the Exchange Rate Agent by converting the principal
amount Outstanding of such series of Debt Securities and matured but unpaid interest on such series of Debt Securities in the
currency in which such series of Debt Securities is denominated into Dollars at the Exchange Rate as of the date of declaration
of acceleration of the Maturity of the Debt Securities; and

 

THIRD:
The balance, if any, to the Company.

 

Section
5.07        Limitation
on Suits.

 

No
Holder of any Debt Securities of any series or any related coupons shall have any right to institute any proceeding, judicial
or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder,
unless

 

(1)          such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Debt Securities
of such series;

 

(2)          the Holders of not less than 25% in principal amount of the Outstanding Debt Securities of such series shall have made written
request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder;

 

(3)          such Holder or Holders have offered to the Trustee reasonable indemnity satisfactory to it against the costs, expenses and liabilities
to be incurred in compliance with such request;

 

(4)          the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding;
and

 

(5)          no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of
a majority in principal amount of the Outstanding Debt Securities of such series; it being understood and intended that no one
or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture
to affect, disturb or prejudice the rights of any other such Holders, or to obtain or to seek to obtain priority or preference
over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the
equal and ratable benefit of all of such Holders.

 

Section
5.08        Unconditional
Right of Holders to Receive Principal, Premium and Interest.

 

Notwithstanding
any other provision in this Indenture, the Holder of any Debt Security or coupon shall have the right which is absolute and unconditional
to receive payment of the principal of (and premium, if any) and (subject to Section 307) interest on such Debt Security or payment
of such coupon on the respective Stated Maturity or Maturities expressed in such Debt Security or coupon (or, in the case of redemption
or repayment, on the Redemption Date or the

 

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Repayment Date, as the case may be) and to institute suit for the enforcement of any
such payment, and such right shall not be impaired without the consent of such Holder.

 

Section
5.09        Restoration
of Rights and Remedies.

 

If
the Trustee or any Holder has instituted any proceedings to enforce any right or remedy under this Indenture and such proceeding
has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and
in every such case the Company, the Trustee and the Holders shall, subject to any determination in such proceeding, be restored
severally and respectively to their former positions hereunder, and thereafter all rights and remedies of the Trustee and the
Holders shall continue as though no such proceeding had been instituted.

 

Section
5.10        Rights and
Remedies Cumulative.

 

Except
as otherwise provided in Section 306, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is
intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative
and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.
The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment
of any other appropriate right or remedy.

 

Section
5.11        Delay or Omission
Not Waiver.

 

No
delay or omission of the Trustee or of any Holder of any Debt Security or coupon to exercise any right or remedy accruing upon
any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence
therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to
time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be.

 

Section
5.12        Control by
Holders of Debt Securities.

 

The
Holders of a majority in principal amount of the Outstanding Debt Securities of any series shall have the right to direct the
time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred
on the Trustee with respect to the Debt Securities of such series, provided, that

 

(1)          such direction shall not be in conflict with any rule of law or with this Indenture;

 

(2)          subject to the provisions of Section 601, 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 Responsible Officers of the Trustee, determine that the proceedings so directed
would be unjustly prejudicial to the Holders of Debt Securities of such series not joining in any such direction; and

 

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(3)          the Trustee may take any other action deemed necessary by the Trustee which is not inconsistent with such direction.

 

Section
5.13        Waiver of
Past Defaults.

 

The
Holders of not less than a majority in principal amount of the Outstanding Debt Securities of any series may on behalf of the
Holders of all the Debt Securities of any such series and any related coupons waive any past default hereunder with respect to
such series and its consequences, except a default

 

(1)          in the payment of the principal of (or premium, if any) or interest on any Debt Security of such series, or

 

(2)          in respect of a covenant or provision hereof which under Article Nine cannot be modified or amended without the consent of the
Holder of each Outstanding Debt Security of such series or coupons affected.

 

Upon
any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured,
for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent
thereon.

 

Section
5.14        Undertaking
for Costs.

 

All
parties to this Indenture agree, and each Holder of any Debt Security or coupon by his acceptance thereof shall be deemed to have
agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture,
or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant
in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs,
including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having a due regard to the merits
and good faith of the claims or defenses made by such party litigant, but the provisions of this Section shall not apply to any
suit instituted by the Company or the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate
more than 10% in principal amount of the Outstanding Debt Securities of any series, or to any suit instituted by any Holder for
the enforcement of the payment of the principal of (or premium, if any) or interest on any Debt Security or the payment of any
coupons on or after the respective Stated Maturity or Maturities expressed in such Debt Security or coupon (or, in the case of
redemption or repayment, on or after the Redemption Date or Repayment Date, as the case may be).

 

Section
5.15        Waiver of
Stay or Extension Laws.

 

The
Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner
whatsoever claim or take the benefit or advantage of, any stay or extension law whenever enacted, now or at any time hereafter
in force, which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully
do so) hereby expressly waives all benefits or advantage of any such law, and covenants that it will not hinder, delay or impede
the execution of any power herein granted to

 

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the Trustee, but will suffer and permit the execution of every such power as though
no such law had been enacted.

 

Article
Six

The Trustee

 

Section
6.01        Certain Duties
and Responsibilities.

 

(a)          Except during the continuance of an Event of Default,

 

(i)           the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied
covenants or obligations shall be read into this Indenture against the Trustee; and

 

(ii)          in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness
of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of
this Indenture; but in the case of any such certificates or opinions which by any provision hereof are specifically required to
be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to
the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts
stated therein).

 

(b)          In case an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in
it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under
the circumstances in the conduct of his or her own affairs.

 

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

 

(i)
this subsection shall not be construed to limit the effect of subsection (a) of this Section 601;

 

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

 

(iii)
the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with
the direction of the Holders of a majority in principal amount of the Outstanding Debt Securities of any series, determined as
provided in Sections 101, 104 and 512, 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 Debt Securities
of such series; and

 

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(iv)
no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability
in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers.

 

(d)           Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability
of or affording protection to the Trustee shall be subject to the provisions of this Section.

 

Section
6.02        Notice of
Default.

 

If
a default occurs hereunder with respect to Debt Securities of any series the Trustee shall transmit by mail to all Holders of
Debt Securities of such series notice of such default as and to the extent provided by the Trust Indenture Act; provided, however,
that in the case of any default of the character specified in Section 501(4) with respect to Debt Securities of such series
no such notice to Holders shall be given until at least 30 days after the occurrence thereof; and provided further, that,
except in the case of a default in the payment of principal of (or premium, if any) or interest on any Debt Security of such series
or related coupons or in the payment of any sinking fund installment with respect to Debt Securities of such series, the Trustee
shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee
of directors and/or a Responsible Officer of the Trustee in good faith determines that the withholding of such notice is in the
interest of the Holders of the Debt Securities of such series. For the purpose of this Section, the term “default”
means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to Debt Securities
of such series.

 

Section
6.03        Certain Rights
of Trustee.

 

Except
as otherwise provided in Section 601:

 

(a)          the Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any signature, resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon
or other paper or document (whether in its original or facsimile form) believed by it to be genuine and to have been signed or
presented by the proper party or parties;

 

(b)          any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order
and any resolution of the Board of Directors shall be sufficiently evidenced by a Board Resolution;

 

(c)          whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior
to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may,
in the absence of bad faith on its part, rely upon an Officers’ Certificate;

 

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

 

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(e)          the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request
or direction of any of the Holders of Debt Securities of such series or any related coupons pursuant to this Indenture, unless
such Holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities
which might be incurred by it in compliance with such request or direction;

 

(f)           the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon, other evidence of indebtedness
or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts
or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled
to examine the books, records and premises of the Company, personally or by agent or attorney, other than any such books or records
containing information as to the affairs of the customers of the Company or any of its subsidiaries; provided that the
Trustee may examine such books and records relating to customers to the extent that such books and records contain information
as to any payments made to such customers in their capacity as Holders of Debt Securities; and provided further that the
Trustee shall incur no liability or additional liability of any kind by reason of such inquiry or investigation; and

 

(g)          the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through
agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney
appointed with due care by it hereunder; no Exchange Rate Agent, Global Exchange Agent, Depositary or Paying Agent shall be deemed
an agent of the Trustee and the Trustee shall not be responsible for any act or omission by any of them.

 

Section
6.04        Not Responsible
for Recitals or Issuance of Debt Securities.

 

The
recitals contained herein and in the Debt Securities, except the Trustee’s certificates of authentication, and in any coupons,
and the information in any registration statement, including all attachments thereto, except information provided by the Trustee
therein, shall be taken as the statements of the Company, and the Trustee assumes no responsibility for their correctness. The
Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Debt Securities of any series or
any coupons. The Trustee shall not be accountable for the use or application by the Company of any Debt Securities or the proceeds
thereof. The Trustee shall not be responsible for and makes no representations as to the Company’s ability or authority
to issue Bearer Securities or the lawfulness thereof.

 

Section
6.05        May Hold Debt
Securities or Coupons.

 

The
Trustee, any Paying Agent, the Security Registrar or any other agent of the Company or the Trustee, in its individual or any other
capacity, may become the owner or pledgee of Debt Securities and coupons, and, subject to Sections 608 and 613, may otherwise
deal with the Company with the same rights it would have if it were not Trustee, Paying Agent, Security Registrar or such agent.

 

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Section
6.06        Money Held
in Trust.

 

Money
held by the Trustee or any Paying Agent in trust hereunder need not be segregated from other funds except to the extent required
by law. Neither the Trustee nor any Paying Agent shall be under any liability for interest on any money received by it hereunder
except as otherwise agreed with the Company.

 

Section
6.07        Compensation
and Reimbursement.

 

The
Company agrees

 

(1)          to pay to the Trustee from time to time such compensation for all services rendered by it hereunder which shall have been separately
agreed to from time to time in writing by the Company and the Trustee (which compensation shall not be limited by any provision
of law in regard to the compensation of a trustee of an express trust);

 

(2)          except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements
and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation
and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable
to its negligence or willful misconduct; and

 

(3)          to fully indemnify the Trustee for, and to hold it harmless against, any and all claims, losses, liabilities, damages or expenses
(including taxes other than taxes based upon the income of the Trustee) incurred without negligence or willful misconduct on its
part, arising out of or in connection with the acceptance or administration of this trust or performance of its duties hereunder,
including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance
of any of its powers or duties hereunder.

 

As
security for the performance of the obligations of the Company under this Section the Trustee shall have a claim prior to the
Debt Securities and any coupons upon all property and funds held or collected by the Trustee as such, except funds held in trust
for the payment of principal of (and premium, if any) or interest on particular Debt Securities or any coupons.

 

Section
6.08        Disqualification;
Conflicting Interests.

 

If
the Trustee has or shall acquire any conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either
eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture
Act and this Indenture. To the extent permitted by such Act, the Trustee shall not be deemed to have a conflicting interest with
respect to Debt Securities of any series by virtue of being a trustee under this Indenture with respect to any particular series
of Debt Securities.

 

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Section
6.09        Corporate
Trustee Required; Eligibility.

 

There
shall at all times be a Trustee hereunder which shall be a corporation that is eligible pursuant to the Trust Indenture Act to
act as such and organized and doing business under the laws of the United States, any State thereof or the District of Columbia,
authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $5,000,000, and
subject to supervision or examination by Federal or State authority; provided, however, that if Section 310(a) of the Trust
Indenture Act or the rules and regulations of the Commission under the Trust Indenture Act at any time permit a corporation organized
and doing business under the laws of any other jurisdiction to serve as trustee of an indenture qualified under the Trust Indenture
Act, this Section 609 shall be automatically amended to permit a corporation organized and doing business under the laws of any
such other jurisdiction to serve as Trustee hereunder. If such corporation publishes reports of condition at least annually, pursuant
to law or to the requirements of 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. If at any time the Trustee shall cease to be eligible in accordance with the provisions
of this Section, it shall resign promptly in the manner and with the effect hereinafter specified in this Article.

 

Section
6.10        Resignation
and Removal; Appointment of Successor.

 

(a)          No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective
until the acceptance of appointment by the successor Trustee under Section 611.

 

(b)          The Trustee may resign at any time with respect to the Debt Securities of one or more series by giving written notice thereof
to the Company. If an instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 days
after the giving of such notice of resignation, the resigning Trustee may petition at the expense of the Company any court of
competent jurisdiction for the appointment of a successor Trustee with respect to the Debt Securities of such series.

 

(c)          The Trustee may be removed at any time with respect to the Debt Securities of any series by Act of the Holders of a majority in
principal amount of the Outstanding Debt Securities of such series, delivered to the Trustee and to the Company. If an instrument
of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 days of receipt of such Act specifying
removal, the removed Trustee may petition at the expense of the Company any court of competent jurisdiction for the appointment
of a successor Trustee with respect to the Debt Securities of such series.

 

(d)          If at any time:

 

(1)          the Trustee shall fail to comply with Section 608 with respect to the Debt Securities of any series after written request therefor
by the Company or by any Holder who has been a bona fide Holder of a Debt Security of such series for at least six months, or

 

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(2)          the Trustee shall cease to be eligible under Section 609 with respect to any series of Debt Securities and shall fail to resign
after written request therefor by the Company or by any such Holder, or

 

(3)          the Trustee shall become incapable of acting with respect to any series of Debt Securities or a decree or order for relief by
a court having jurisdiction in the premises shall have been entered in respect of the Trustee in an involuntary case under the
Federal bankruptcy laws, as now or hereafter constituted, or any other applicable Federal or State bankruptcy, insolvency or similar
law; or a decree or order by a court having jurisdiction in the premises shall have been entered for the appointment of a receiver,
custodian, liquidator, assignee, trustee, sequestrator or other similar official of the Trustee or of its property or affairs,
or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation,
conservation, winding up or liquidation, or

 

(4)          the Trustee shall commence a voluntary case under the Federal bankruptcy laws, as now or hereafter constituted, or any other applicable
Federal or State bankruptcy, insolvency or similar law or shall consent to the appointment of or taking possession by a receiver,
custodian, liquidator, assignee, trustee, sequestrator or other similar official of the Trustee or its property or affairs, or
shall make an assignment for the benefit of creditors, or shall admit in writing its inability to pay its debts generally as they
become due, or shall take corporate action in furtherance of any such action, then, in any such case, (i) the Company by a Board
Resolution may remove the Trustee with respect to such series or (ii) subject to Section 514, any Holder who has been a bona fide
Holder of a Debt Security of any series for at least six months may, on behalf of himself and all others similarly situated, petition
any court of competent jurisdiction for the removal of the Trustee for the Debt Securities of such series and the appointment
of a successor Trustee. In addition, the Company may remove the Trustee if the Company shall determine by a Board Resolution that
the services provided by the Trustee hereunder may be obtained at a substantially lower cost to the Company.

 

(e)          If the Trustee shall resign, be removed or become incapable of acting with respect to any series of Debt Securities, or if a vacancy
shall occur in the office of Trustee for any cause, with respect to the Debt Securities of one or more series, the Company, by
a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Debt Securities of that or those
series (it being understood that any such successor Trustee may be appointed with respect to the Debt Securities of one or more
or all of such series and that at any time there shall be only one Trustee with respect to the Debt Securities of any particular
series) and shall comply with the applicable requirements of Section 611. If, within one year after such resignation, removal
or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Debt Securities of any series shall
be appointed by Act of the Holders of a majority in principal amount of the Outstanding Debt Securities of such series delivered
to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment,
become the successor Trustee with respect to the Debt Securities of such series and to that extent supersede the successor Trustee
appointed by the Company. If no successor Trustee with respect to the Debt Securities of any series shall have been so appointed
by the Company or the Holders and accepted appointment in the manner hereinafter provided,

 

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any Holder who has been a bona fide
Holder of a Debt Security of such series for at least six months may, subject to Section 514, on behalf of himself and all others
similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the
Debt Securities of such series.

 

(f)           The Company shall give notice of each resignation and each removal of the Trustee with respect to the Debt Securities of any series
and each appointment of a successor Trustee with respect to the Debt Securities of any series by mailing written notice of such
event by first-class mail, postage prepaid, to the Holders of Registered Securities, if any, of such series as their names and
addresses appear in the Security Register and, if Debt Securities of such series are issuable as Bearer Securities, by publishing
notice of such event once in an Authorized Newspaper in each Place of Payment located outside the United States. Each notice shall
include the name of the successor Trustee with respect to the Debt Securities of such series and the address of its Corporate
Trust Office.

 

Section
6.11        Acceptance
of Appointment by Successor.

 

(a)          In the case of an appointment hereunder of a successor Trustee with respect to all Debt 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 request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges due under Section
607 hereof, 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 the case of the appointment hereunder of a successor Trustee with respect to the Debt Securities of one or more (but not all)
series, the Company, the retiring Trustee upon payment of its charges and each successor Trustee with respect to the Debt 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 Debt Securities
of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring
with respect to all Debt Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all
the rights, powers, trusts and duties of the retiring Trustee with respect to the Debt Securities of that or those series as to
which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change
any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder
by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees
co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from
any trust or trusts hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental
indenture, the

 

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resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such
successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties
of the retiring Trustee with respect to the Debt Securities of that or those series to which the appointment of such successor
Trustee relates; but, on the request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer
and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Debt
Securities of that or those series to which the appointment of such successor Trustee relates.

 

(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.

 

Section
6.12        Merger, Conversion,
Consolidation or Succession to Business.

 

Any
corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially
all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation
shall be otherwise qualified and eligible under this Article, without the executing or filing of any paper or any further act
on the part of any of the parties hereto. In case any Debt Securities shall have been authenticated, but not delivered, by the
Trustee then in office, any successor by merger, conversion, consolidation or sale to such authenticating Trustee may adopt such
authentication and deliver the Debt Securities so authenticated with the same effect as if such successor Trustee had itself authenticated
such Debt Securities. In case any Debt Securities shall not have been authenticated by such predecessor Trustee, any such successor
Trustee may authenticate and deliver such Debt Securities, in either its own name or that of its predecessor Trustee, with the
full force and effect which this Indenture provides for the certificate of authentication of the Trustee.

 

Section
6.13        Preferential
Collection of Claims Against Company.

 

If
and when the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company (or any
other obligor upon the Debt Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding collection
of claims against the Company (or any such other obligor).

 

Section
6.14        Authenticating
Agent.

 

The
Trustee shall upon Company request appoint one or more authenticating agents with respect to one or more series of Debt Securities
which shall be authorized on behalf of the Trustee in authenticating Debt Securities of such series in connection with the issue,
delivery, registration of transfer, exchange, partial redemption or repayment of such Debt Securities. Wherever reference is made
in this Indenture to the authentication of Debt Securities by the

 

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Trustee or the Trustee’s certificate of authentication,
such reference shall be deemed to include authentication on behalf of the Trustee by an authenticating agent and a certificate
of authentication executed on behalf of the Trustee by an authenticating agent. Each authenticating agent must be acceptable to
the Company and must be a corporation organized and doing business under the laws of the United States or of any State, having
a combined capital and surplus of at least $1,000,000, authorized under such laws to do a trust business and subject to supervision
or examination by Federal or State authorities or the equivalent foreign authority in the case of an authenticating agent who
is not organized and doing business under the laws of the United States or of any State thereof or the District of Columbia.

 

Any
corporation succeeding to the corporate agency business of an authenticating agent shall continue to be an authenticating agent
without the execution or filing of any paper or any further act on the part of the Trustee or such authenticating agent.

 

An
authenticating agent may at any time resign with respect to one or more series of Debt Securities by giving written notice of
resignation to the Trustee and to the Company. The Trustee may at any time terminate the agency of any authenticating agent with
respect to one or more series of Debt Securities by giving written notice of termination to such authenticating agent and to the
Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time an authenticating agent
shall cease to be eligible in accordance with the provisions of this Section, the Trustee promptly may appoint a successor authenticating
agent. Any successor authenticating agent upon acceptance of its appointment hereunder shall become vested with all rights, powers
and duties of its predecessor hereunder, with like effect as if originally named as an authenticating agent herein. No successor
authenticating agent shall be appointed unless eligible under the provisions of this Section.

 

The
Trustee agrees to pay to each authenticating agent from time to time reasonable compensation for its services under this Section,
and the Trustee shall be entitled to be reimbursed for such payment, subject to the provisions of Section 607.

 

The
provisions of Sections 104, 111, 306, 309, 603, 604, 605 and 607 shall be applicable to any authenticating agent. Pursuant to
each appointment made under this Section, the Debt Securities of each series covered by such appointment may have endorsed thereon,
in lieu of the Trustee’s certificate of authentication, an alternate certificate of authentication in substantially the
following form:

 

This
is one of the Debt Securities, of the series designated herein, described in the within-mentioned Indenture.

 

	 	[_____________________]
	 	By
	 	As
    Authenticating Agent for the Trustee
	 	By
	 	Authorized
    Signatory
	 	Dated

 

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Article
Seven

Holders’ Lists and Reports By Trustee and Company

 

Section
7.01        Company to
Furnish Trustee Names and Addresses of Holders.

 

The
Company will furnish or cause to be furnished to the Trustee with respect to Debt Securities of each series for which it acts
as Trustee:

 

(1)          semi-annually, not more than 15 days after the Regular Record Date in respect of the Debt Securities of such series or on May
15 and November 15 of each year with respect to each series of Debt Securities for which there are no Regular Record Dates, a
list, in such form as the Trustee may reasonably require, of the names and addresses of the Holders of Registered Securities as
of such Regular Record Date or May 1 or November 1, as the case may be, and

 

(2)          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 if and so long as the Trustee shall be the Security Registrar, no such list need be furnished.

 

Section
7.02        Preservation
of Information; Communications to Holders.

 

(a)          The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders of Registered
Securities contained in the most recent list furnished to the Trustee as provided in Section 701 and the names and addresses of
Holders of Registered Securities received by the Trustee in its capacity as Paying Agent or Security Registrar, if so acting.
The Trustee may destroy any list furnished to it as provided in Section 701 upon receipt of a new list so furnished. The Trustee
shall preserve for at least two years the names and addresses of Holders of Bearer Securities filed with the Trustee by such Holders.

 

(b)          The rights of Holders to communicate with other Holders with respect to their rights under this Indenture or under the Debt Securities,
and the corresponding rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act.

 

(c)          Every Holder of Debt Securities or coupons, by receiving and holding the same, agrees with the Company and the Trustee that neither
the Company nor the Trustee shall be held accountable by reason of any disclosure of information as to the names and addresses
of the Holders made pursuant to the Trust Indenture Act.

 

Section
7.03        Reports by
Trustee.

 

(a)          Within 60 days after May 15 of each year commencing with the first May 15 after the first issuance of Debt Securities pursuant
to this Indenture and at any other time required by the Trust Indenture Act, the Trustee shall transmit to Holders such reports

 

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concerning the Trustee and its actions under this Indenture and such other matters as may be required pursuant to the Trust Indenture
Act in the manner required by the Trust Indenture Act.

 

(b)
         A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange
upon which any Debt Securities of such series are listed, with the Commission and also with the Company. The Company will notify
the Trustee when any series of Debt Securities are listed on any stock exchange.

 

Section
7.04        Reports by
Company.

 

The
Company shall file with the Trustee and the Commission, and transmit to Holders such information, documents and other reports,
and such summaries thereof, as may be required pursuant to the Trust Indenture Act at the time and in the manner pursuant to such
Act; provided that such information, documents or reports required to be filed with the Commission pursuant to Section
13 or Section 15(d) of the Exchange Act shall be filed with the Trustee within 15 days of filing with the Commission.

 

Delivery
of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of
such shall not constitute constructive notice of any information contained therein or determinable from information contained
therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to
rely exclusively on Officers’ Certificates).

 

Article
Eight

Consolidation, Merger, Conveyance, Transfer or Lease

 

Section
8.01        Company May
Consolidate, etc. Only on Certain Terms.

 

The
Company shall not consolidate with or merge into any other corporation or convey, transfer or lease its properties and assets
substantially as an entirety to any Person, unless:

 

(1)          the corporation formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or
transfer, or which leases, the properties and assets of the Company substantially as an entirety shall be a corporation organized
and existing under the laws of the United States of America, any political subdivision thereof or any State thereof and shall
expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee,
the due and punctual payment of the principal of (and premium, if any) and interest (including all additional amounts, if any,
payable pursuant to Section 1004) on all the Debt Securities and any related coupons and the performance of every covenant of
this Indenture on the part of the Company to be performed or observed;

 

(2)          immediately after giving effect to such transaction, no Event of Default, and no event which, after notice or lapse of time, or
both, would become an Event of Default, shall have happened and be continuing; and

 

(3)          the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that such consolidation,
merger, conveyance, transfer or

 

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lease and such supplemental indenture comply with this Article and that all conditions precedent
herein provided for relating to such transaction have been met.

 

Section
8.02        Successor
Corporation Substituted.

 

Upon
any consolidation with or merger into any other corporation, or any conveyance, transfer or lease of the properties and assets
of the Company substantially as an entirety in accordance with Section 801, the successor corporation formed by such consolidation
or into which the Company is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted
for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor had
been named as the Company herein, and thereafter, except in the case of a lease of the properties and assets of the Company substantially
as an entirety, the Company (which term for this purpose shall mean the Person named as the “Company” in the first
paragraph of this instrument or any successor corporation which shall theretofore have become such in the manner presented in
this Article) shall be relieved of all obligations and covenants under this Indenture and the Debt Securities and any coupons.

 

Article
Nine

Supplemental Indentures

 

Section
9.01        Supplemental
Indentures without Consent of Holders.

 

Without
the consent of any Holders, the Company, when authorized by a Board Resolution, and the Trustee, at any time and from time to
time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following
purposes:

 

(1)          to evidence the succession of another corporation to the Company, and the assumption by such successor of the covenants of the
Company herein and in the Debt Securities contained; or

 

(2)          to add to the covenants of the Company, for the benefit of the Holders of all or any series of Debt Securities or coupons (and
if such covenants are to be for the benefit of less than all series of Debt Securities or coupons, stating that such covenants
are expressly being included solely for the benefit of such series), to convey, transfer, assign, mortgage or pledge any property
to or with the Trustee, or to surrender any right or power herein conferred upon the Company; or

 

(3)          to add any additional Events of Default (and if such Events of Default are to be applicable to less than all series of Debt Securities,
stating that such Events of Default are expressly being included solely to be applicable to such series); or

 

(4)          to add to, change or eliminate any of the provisions of this Indenture to provide that Bearer Securities may be registrable as
to principal, to change or eliminate any restrictions on the payment of principal (or premium, if any) on Registered Securities
or of principal (or premium, if any) or any interest on Bearer Securities, to permit Bearer Securities to be issued in exchange
for Registered Securities of other authorized

 

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denominations or to permit or facilitate the issuance of Debt Securities in uncertificated
form, provided any such action shall not adversely affect the interests of the Holders of Debt Securities of any series
or any related coupons in any material respect; or

 

(5)          to change or eliminate any of the provisions of this Indenture, provided that any such change or elimination (a) shall
become effective only when there is no Debt Security Outstanding of any series created prior to the execution of such supplemental
indenture which is entitled to the benefit of such provisions or (b) shall not apply to any Debt Security Outstanding; or

 

(6)          to establish the form or terms of Debt Securities of any series as permitted by Sections 201 and 301; or

 

(7)          to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Debt Securities
of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or
facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 611(b);
or

 

(8)          to cure any ambiguity, to correct or supplement any provision herein which may be defective or inconsistent with any other provision
herein, to make any other provisions with respect to matters or questions arising under this Indenture which shall not be inconsistent
with the provisions of this Indenture, or to make any other additions to, deletions from and other changes to the provisions hereof,
provided such other provisions shall not adversely affect the interests of the Holders of Debt Securities of any series
or any related coupons in any material respect; or

 

(9)          to add to or change or eliminate any provision of this Indenture as shall be necessary or desirable in accordance with any amendments
to the Trust Indenture Act, provided such action shall not adversely affect the interest of Holders of Debt Securities
of any series or any related coupons in any material respect.

 

Section
9.02        Supplemental
Indentures with Consent of Holders.

 

With
the consent of the Holders of not less than a majority in principal amount of the Outstanding Debt Securities of all series affected
by such supplemental indenture, acting together as a class, by Act of said Holders delivered to the Company and the Trustee, the
Company, when authorized by a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto
for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or
of modifying in any manner the rights of the Holders under this Indenture of such Debt Securities of such series and any related
coupons; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding
Debt Security or coupon affected thereby,

 

(1)          change the Stated Maturity of the principal or any installment of principal of, or any installment of interest on, any Debt Security,
or reduce the principal amount thereof or the interest thereon or any premium payable upon redemption or repayment thereof, or
change any obligation of the Company to pay additional amounts pursuant to

 

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Section 1004 (except as contemplated by Section 801(1)
and permitted by Section 901(1)), or reduce the amount of the principal of an Original Issue Discount Security that would be due
and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502, or change any Place of Payment,
or the coin or currency in which any Debt Security or the interest thereon or any coupon is payable, or impair the right to institute
suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption or repayment,
on or after the Redemption Date or Repayment Date, as the case may be); or

 

(2)          reduce the percentage in principal amount of the Outstanding Debt Securities of any series, the consent of whose Holders is required
for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions
of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture, or reduce the requirements
of Section 1404 for quorum or voting; or

 

(3)          modify any of the provisions of this Section, Section 513 or Section 1006, except to increase any such percentage or to provide
that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding
Debt Security affected thereby; provided, however, that this clause shall not be deemed to require the consent of any Holder
with respect to changes in the references to “the Trustee” and concomitant changes in this Section and Section 1006,
or the deletion of this proviso, in accordance with the requirements of Section 611(b) and 901(7); or

 

(4)          adversely affect the right to repayment, if any, of Debt Securities of any series at the option of the Holders thereof. A supplemental
indenture which changes or eliminates any covenant or other provision of this Indenture which has expressly been included solely
for the benefit of one or more particular series of Debt Securities, or which modifies the rights of the Holders of Debt Securities
of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture
of the Holders of Debt Securities of any other series.

 

It
shall not be necessary for any Act of Holders of the Debt Securities under this Section to approve the particular form of any
proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof.

 

Section
9.03        Execution
of Supplemental Indentures.

 

In
executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications
thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 601) shall
be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized
or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which
affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise.

 

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Section
9.04        Effect of
Supplemental Indentures.

 

Upon
the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and
such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Debt Securities theretofore
or thereafter authenticated and delivered hereunder and of any coupons appertaining thereto shall be bound thereby.

 

Section
9.05        Conformity
with Trust Indenture Act.

 

Every
supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then
in effect.

 

Section
9.06        Reference
in Debt Securities to Supplemental Indentures.

 

Debt
Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article
may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such
supplemental indenture. If the Company shall so determine, new Debt Securities of any series and any related coupons so modified
as to conform, in the opinion of the Trustee and the Board of Directors, to any such supplemental indenture may be prepared and
executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Debt Securities of such series
and any related coupons.

 

Article
Ten

Covenants

 

Section
10.01    Payment of Principal, Premium and
Interest.

 

The
Company covenants and agrees for the benefit of each series of Debt Securities and any related coupons that it will duly and punctually
pay the principal of (and premium, if any) and interest on the Debt Securities and any related coupons in accordance with the
terms of the Debt Securities, any related coupons and this Indenture. Any interest due on Bearer Securities on or before Maturity,
other than additional amounts, if any, payable as provided in Section 1004 in respect of principal of (or premium, if any, on)
such a Debt Security, shall be payable only upon presentation and surrender of the several coupons for such interest installments
as are evidenced thereby as they severally mature.

 

Section
10.02    Maintenance of Office or Agency.

 

The
Company will maintain in each Place of Payment for any series of Debt Securities an office or agency where Debt Securities (but,
except as otherwise provided below, unless such Place of Payment is located outside the United States, not Bearer Securities)
may be presented or surrendered for payment, where Debt Securities may be surrendered for registration of transfer or exchange
and where notices and demands to or upon the Company in respect of the Debt Securities and this Indenture may be served. If Debt
Securities of a series are issuable as Bearer Securities, the Company will maintain, subject to any laws or regulations applicable
thereto, an office or agency in a Place of Payment for such series which is located outside the United States

 

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where Debt Securities
of such series and the related coupons may be presented and surrendered for payment (including payment of any additional amounts
payable on Debt Securities of such series pursuant to Section 1004); provided, however, that if the Debt Securities of
such series are listed on any stock exchange located outside the United States and such stock exchange shall so require, the Company
will maintain a Paying Agent in any required city located outside the United States so long as the Debt Securities of such series
are listed on such exchange. The Company will give prompt written notice to the Trustee of the location, and any change in the
location, of any such office or agency. If at any time the Company shall fail to maintain any such required office or agency or
shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices or demands may be made or
served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee its agent to receive all presentations,
surrenders, notices and demands, except that Bearer Securities of that series and the related coupons may be presented and surrendered
for payment (including payment of any additional amounts payable on Bearer Securities of that series pursuant to Section 1004)
at the place specified for the purpose pursuant to Section 301(5).

 

No
payment of principal of, premium or interest on Bearer Securities shall be made at any office or agency of the Company in the
United States or by check mailed to any address in the United States or by transfer to an account maintained with a bank located
in the United States; provided, however, payment of principal of and any premium and interest denominated in Dollars (including
additional amounts payable in respect thereof) on any Bearer Security may be made at an office or agency of, and designated by,
the Company located in the United States if (but only if) payment of the full amount of such principal, premium, interest or additional
amounts in Dollars at all offices outside the United States maintained for the purpose by the Company in accordance with this
Indenture is illegal or effectively precluded by exchange controls or other similar restrictions and the Trustee receives an Opinion
of Counsel that such payment within the United States is legal. Unless otherwise provided as contemplated by Section 301 with
respect to any series of Debt Securities, at the option of the Holder of any Bearer Security or related coupon, payment may be
made by check in the currency designated for such payment pursuant to the terms of such Bearer Security presented or mailed to
an address outside the United States or by transfer to an account in such currency maintained by the payee with a bank located
outside the United States.

 

The
Company may also from time to time designate one or more other offices or agencies (in or outside of such Place of Payment) where
the Debt Securities of one or more series and any related coupons (subject to the preceding paragraph) may be presented or surrendered
for any or all such purposes, and may from time to time rescind such designations; provided, however, that no such designation
or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in each Place of Payment
for any series of Debt Securities for such purposes. The Company will give prompt written notice to the Trustee of any such designation
and any change in the location of any such other office or agency.

 

Section
10.03    Money for Debt Securities Payments
to Be Held in Trust.

 

If
the Company shall at any time act as its own Paying Agent with respect to any series of Debt Securities, it will, on or before
each due date of the principal of (and premium, if any) or interest on any of the Debt Securities of such series and any related
coupons, segregate and hold

 

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in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and
premium, if any) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein
provided, and will promptly notify the Trustee of its action or failure so to act.

 

Whenever
the Company shall have one or more Paying Agents with respect to any series of Debt Securities, it will, on or before each due
date of the principal of (and premium, if any) or interest on any of the Debt Securities of such series and any related coupons,
deposit with a Paying Agent a sum sufficient to pay the principal (and 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 its action or failure so to act.

 

The
Company will cause each Paying Agent with respect to any series of Debt Securities other than the Trustee to execute and deliver
to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section,
that such Paying Agent will

 

(1)           hold all sums held by it for the payment of the principal of (and premium, if any) or interest on Debt Securities of such series
and any related coupons in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons
or otherwise disposed of as herein provided;

 

(2)           give the Trustee notice of any default by the Company (or any other obligor upon the Debt Securities of such series or any related
coupons) in the making of any payment of principal of (and premium, if any) or interest on the Debt Securities of such series
or any related coupons; and

 

(3)           at any time during the continuance of any such default, upon the written request of the Trustee, forthwith pay to the Trustee
all sums so held in trust by such Paying Agent.

 

The
Company may at any time, for the purpose of terminating its obligations under this Indenture with respect to Debt Securities of
any series or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in
trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums
were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall
be released from all further liability with respect to such money.

 

Any
principal and interest received on the Eligible Instruments deposited with the Trustee or any money deposited with the Trustee
or any Paying Agent, or then held by the Company, in trust for the payment of the principal of (and premium, if any) or interest
on any Debt Security of any series or any related coupons or any money on deposit with the Trustee or any Paying Agent representing
amounts deducted from the Redemption Price or Repayment Price with respect to unmatured coupons not presented upon redemption
or exercise of the Holder’s option for repayment pursuant to Section 1106 or 1303 and remaining unclaimed for two years
after such

 

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principal (and premium, if any) or interest has become due and payable shall be paid to the Company on Company Request,
or (if then held by the Company) shall be discharged from such trust; and the Holder of such Debt Security or any coupon appertaining
thereto shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of
the Trustee or such Paying Agent with respect to such trust money (including the principal and interest received on Eligible Instruments
deposited with the Trustee), and all liability of the Company as trustee thereof, shall thereupon cease; provided, however,
that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company
cause to be published once, in an Authorized Newspaper of general circulation in the [Borough of Manhattan, The City of New York],
and each Place of Payment or mailed to each such Holder, or both, notice that such money remains unclaimed and that, after a date
specified therein, which shall not be less than 30 days from the date of such publication or mailing, any unclaimed balance of
such money then remaining will be repaid to the Company.

 

Section
10.04    Payment of Additional Amounts.

 

If
the Debt Securities of a series provide for the payment of additional amounts, the Company will pay to the Holder of any Debt
Security of any series or any coupon appertaining thereto additional amounts upon the terms and subject to the conditions provided
therein. Whenever in this Indenture there is mentioned, in any context, the payment of the principal of (or premium, if any) or
interest on, or in respect of, any Debt Security of any series or any related coupon or the net proceeds received on the sale
or exchange of any Debt Security of any series, such mention shall be deemed to include mention of the payment of additional amounts
provided for in the terms of such Debt Securities and this Section to the extent that, in such context, additional amounts are,
were or would be payable in respect thereof pursuant to the provisions of this Section and express mention of the payment of additional
amounts (if applicable) in any provisions hereof shall not be construed as excluding additional amounts in those provisions hereof
where such express mention is not made.

 

If
the Debt Securities of a series provide for the payment of additional amounts, at least 10 days prior to the first Interest Payment
Date with respect to that series of Debt Securities (or if the Debt Securities of that series will not bear interest prior to
Maturity, the first day on which a payment of principal (and premium, if any) is made), and at least 10 days prior to each date
of payment of principal (and premium, if any) or interest if there has been any change with respect to the matters set forth in
the below-mentioned Officers’ Certificate, the Company will furnish the Trustee and the Company’s principal Paying
Agent or Paying Agents, if other than the Trustee, with an Officers’ Certificate instructing the Trustee and such Paying
Agent or Paying Agents whether such payment of principal of (and premium, if any) or interest on the Debt Securities of that series
shall be made to Holders of Debt Securities of that series or the related coupons who are United States Aliens without withholding
for or on account of any tax, assessment or other governmental charge described in the Debt Securities of that series. If any
such withholding shall be required, then such Officers’ Certificate shall specify by country the amount, if any, required
to be withheld on such payments to such Holders of Debt Securities or coupons and the Company will pay to the Trustee or such
Paying Agent the additional amounts, if any, required by the terms of such Debt Securities and the first paragraph of this Section.
The Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them harmless against, any loss, liability
or expense reasonably incurred without negligence or bad

 

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faith on their part arising out of or in connection with actions taken
or omitted by any of them in reliance on any Officers’ Certificate furnished pursuant to this Section.

 

Section
10.05    Officers’ Certificate as to
Default.

 

The
Company will deliver to the Trustee, on or before a date not more than four months after the end of each fiscal year of the Company
ending after the date hereof, an Officers’ Certificate, stating whether or not to the best knowledge of the signers thereof
the Company is in default in the performance and observance of any of the terms, provisions and conditions of this Indenture,
and, if the Company shall be in default, specifying all such defaults and the nature thereof of which they may have knowledge.

 

Section
10.06    Waiver of Certain Covenants.

 

The
Company may omit in any particular instance to comply with any covenant or condition applicable to the Debt Securities of any
series pursuant to Section 301 unless such covenant or condition is determined pursuant to Section 301 not to be subject to this
provision if, before the time for such compliance the Holders of at least a majority in principal amount of all series of the
Debt Securities at the time Outstanding to which such covenant or condition applies shall, acting together as a class, by Act
of such Holders, either waive such compliance in such instance or generally waive compliance with such covenant or condition,
but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and, until such
waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such covenant or
condition shall remain in full force and effect.

 

Article
Eleven

Redemption of Debt Securities

 

Section
11.01    Applicability of Article.

 

Debt
Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms
and (except as otherwise specified as contemplated by Section 301 for Debt Securities of any series) in accordance with this Article.

 

Section
11.02    Election to Redeem; Notice to Trustee.

 

The
election of the Company to redeem any Debt Securities shall be evidenced by a Board Resolution. In case of any redemption at the
election of the Company of less than all of the Debt Securities of any series, the Company shall, at least 45 days prior to the
Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such
Redemption Date and of the principal amount and the tenor and terms of the Debt Securities of any series to be redeemed. In the
case of any redemption of Debt Securities prior to the expiration of any restriction on such redemption provided in the terms
of such Debt Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate
evidencing compliance with such restriction.

 

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Section
11.03    Selection by Trustee of Debt Securities
to be Redeemed.

 

Except
as otherwise specified as contemplated by Section 301 for Debt Securities of any series, if less than all the Debt Securities
of any series with like tenor and terms are to be redeemed, the particular Debt Securities to be redeemed shall be selected not
more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Debt Securities of such series with like tenor
and terms not previously called for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide
for the selection for redemption of portions (equal to the minimum authorized denomination for Debt Securities of such series
or any integral multiple thereof which is also an authorized denomination) of the principal amount of Registered Securities or
Bearer Securities (if issued in more than one authorized denomination) of such series of a denomination larger than the minimum
authorized denomination for Debt Securities of such series.

 

The
Trustee shall promptly notify the Company in writing of the Debt Securities selected for redemption and, in the case of any Debt
Securities selected for partial redemption, the principal amount thereof to be redeemed.

 

For
all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Debt Securities
shall relate, in the case of any Debt Security redeemed or to be redeemed only in part, to the portion of the principal amount
of such Debt Security which has been or is to be redeemed.

 

Section
11.04    Notice of Redemption.

 

Notice
of redemption shall be given in the manner provided in Section 106 not less than 30 nor more than 60 days prior to the Redemption
Date, to each Holder of Debt Securities to be redeemed.

 

All
notices of redemption shall state:

 

(1)        the Redemption Date;

 

(2)        the Redemption Price;

 

(3)        if less than all Outstanding Debt Securities of any series are to be redeemed, the identification (and, in the case of partial
redemption, the principal amounts) of the particular Debt Securities to be redeemed;

 

(4)        that on the Redemption Date the Redemption Price will become due and payable upon each such Debt Security to be redeemed, and
that interest thereon shall cease to accrue on and after said date;

 

(5)        the Place or Places of Payment where such Debt Securities, together in the case of Bearer Securities with all coupons, if any,
appertaining thereto maturing after the Redemption Date, are to be surrendered for payment of the Redemption Price;

 

(6)        that Bearer Securities may be surrendered for payment only at such place or places which are outside the United States, except
as otherwise provided in Section 1002;

 

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

 

(8)        the CUSIP number, if any.

 

A
notice of redemption published as contemplated by Section 106 need not identify particular Registered Securities to be redeemed.

 

Notice
of redemption of Debt Securities to be redeemed at the election of the Company shall be given by the Company, or, at the Company’s
request, by the Trustee in the name and at the expense of the Company.

 

Section
11.05    Deposit of Redemption Price.

 

On
or prior to any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting
as its own Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money and/or, to the extent the
Debt Securities to be redeemed are denominated and payable in Dollars only, Eligible Instruments the payments of principal and
interest on which when due (and without reinvestment and providing no tax liability will be imposed upon the Trustee or the Holders
of the Debt Securities to be redeemed) will provide money on or prior to the Redemption Date in such amounts as will (together
with any money irrevocably deposited in trust with the Trustee, without investment) be sufficient to pay the Redemption Price
of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the Debt Securities or portions
thereof which are to be redeemed on that date; provided, however, that deposits with respect to Bearer Securities shall
be made with a Paying Agent or Paying Agents located outside the United States except as otherwise provided in Section 1002, unless
otherwise specified as contemplated by Section 301.

 

Section
11.06    Debt Securities Payable on Redemption
Date.

 

Notice
of redemption having been given as aforesaid, the Debt Securities to be redeemed shall, on the Redemption Date, become due and
payable at the Redemption Price therein specified and from and after such date (unless the Company shall default in the payment
of the Redemption Price and accrued interest) such Debt Securities shall cease to bear interest and the coupons for such interest
appertaining to any Bearer Securities so to be redeemed, except to the extent provided below, shall be void. Upon surrender of
any such Debt Security for redemption in accordance with said notice, such Debt Security shall be paid by the Company at the Redemption
Price, together with accrued interest to the Redemption Date; provided, however, that installments of interest on Bearer
Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable only upon presentation and surrender of
coupons for such interest (at an office or agency located outside the United States except as otherwise provided in Section 1002),
and provided further, that installments of interest on Registered Securities whose Stated Maturity is on or prior to the
Redemption Date shall be payable to the Holders of such Debt Securities, or one or more Predecessor Securities, registered as
such on the relevant Record Dates according to their terms and the provisions of Section 307.

 

If
any Bearer Security surrendered for redemption shall not be accompanied by all related coupons maturing after the Redemption Date,
such Bearer Security may be paid after deducting from the Redemption Price an amount equal to the face amount of all such missing
coupons, or

 

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the surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there be furnished
to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder
of such Bearer Security shall surrender to the Trustee or any Paying Agent any such missing coupon in respect of which a deduction
shall have been made from the Redemption Price, such Holder shall be entitled to receive the amount so deducted without interest
thereon; provided, however, that interest represented by coupons shall be payable only upon presentation and surrender
of those coupons at an office or agency located outside of the United States except as otherwise provided in Section 1002.

 

If
any Debt Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium,
if any) shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Debt Security.

 

Section
11.07    Debt Securities Redeemed in Part.

 

Any
Registered Security which is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company,
the Security Registrar or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory
to the Company, the Security Registrar and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in
writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Debt Security without
service charge, a new Registered Security or Registered Securities of the same series and of like tenor and terms, of any authorized
denominations as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of
the principal of the Debt Security so surrendered.

 

Article
Twelve

Sinking Funds

 

Section
12.01    Applicability of Article.

 

The
provisions of this Article shall be applicable to any sinking fund for the retirement of Debt Securities of a series except as
otherwise specified as contemplated by Section 301 for Debt Securities of such series.

 

The
minimum amount of any sinking fund payment provided for by the terms of Debt 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 term of Debt
Securities of any series is herein referred to as an “optional sinking fund payment”. If provided for by the terms
of Debt Securities of any series, the amount of any sinking fund payment may be subject to reduction as provided in Section 1202.
Each sinking fund payment shall be applied to the redemption of Debt Securities of any series as provided for by the terms of
Debt Securities of such series.

 

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Section
12.02    Satisfaction of Sinking Fund Payments
with Debt Securities.

 

The
Company (1) may deliver Outstanding Debt Securities of a series (other than any previously called for redemption), together in
the case of any Bearer Securities of such series with all unmatured coupons appertaining thereto, and (2) may apply as a credit
Debt Securities of a series which have been redeemed either at the election of the Company pursuant to the terms of such Debt
Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Debt Securities,
in each case in satisfaction of all or any part of any sinking fund payment with respect to the Debt Securities of such series
required to be made pursuant to the terms of such Debt Securities as provided for by the terms of such series; provided
that such Debt Securities have not been previously so credited. Such Debt Securities shall be received and credited for such purpose
by the Trustee at the Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund
and the amount of such sinking fund payment shall be reduced accordingly. If as a result of the delivery or credit of Debt Securities
in lieu of cash payments pursuant to this Section 1202, the principal amount of Debt Securities to be redeemed in order to exhaust
the aforesaid cash payment shall be less than $100,000, the Trustee need not call Debt Securities for redemption, except upon
Company Request, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking
fund payment, provided, however, that the Trustee or such Paying Agent shall at the request of the Company from time to
time pay over and deliver to the Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by the
Company to the Trustee of Debt Securities purchased by the Company having an unpaid principal amount equal to the cash payment
requested to be released to the Company.

 

Section
12.03    Redemption of Debt Securities for
Sinking Fund.

 

Not
less than 60 days prior to each sinking fund payment date for any series of Debt Securities (unless a shorter period shall be
satisfactory to the Trustee), the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of
the next ensuing sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any, which
is to be satisfied by payment of cash, the portion thereof, if any, which is to be satisfied by crediting Debt Securities of that
series pursuant to Section 1202 and the basis for any such credit and, prior to or concurrently with the delivery of such Officers’
Certificate, will also deliver to the Trustee any Debt Securities to be so credited and not theretofore delivered to the Trustee.
Not less than 30 days (unless a shorter period shall be satisfactory to the Trustee) before each such sinking fund payment date
the Trustee shall select the Debt Securities to be redeemed upon such sinking fund payment date in the manner specified in Section
1103 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 1104. Such notice having been duly given, the redemption of such Debt Securities shall be made upon the terms and in
the manner stated in Sections 1105, 1106 and 1107.

 

Article
Thirteen

Repayment at the Option of Holders

 

Section
13.01    Applicability of Article.

 

Debt
Securities of any series which are repayable at the option of the Holders thereof before their Stated Maturity shall be repaid
in accordance with their terms and (except as

 

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otherwise specified pursuant to Section 301 for Debt Securities of such series)
in accordance with this Article.

 

Section
13.02    Repayment of Debt Securities.

 

Each
Debt Security which is subject to repayment in whole or in part at the option of the Holder thereof on a Repayment Date shall
be repaid at the applicable Repayment Price together with interest accrued to such Repayment Date as specified pursuant to Section
301.

 

Section
13.03    Exercise of Option; Notice.

 

Each
Holder desiring to exercise such Holder’s option for repayment shall, as conditions to such repayment, surrender the Debt
Security to be repaid in whole or in part together with written notice of the exercise of such option at any office or agency
of the Company in a Place of Payment, not less than 30 nor more than 45 days prior to the Repayment Date; provided, however,
that surrender of Bearer Securities together with written notice of exercise of such option shall be made at an office or
agency located outside the United States except as otherwise provided in Section 1002. Such notice, which shall be irrevocable,
shall specify the principal amount of such Debt Security to be repaid, which shall be equal to the minimum authorized denomination
for such Debt Security or an integral multiple thereof, and shall identify the Debt Security to be repaid and, in the case of
a partial repayment of the Debt Security, shall specify the denomination or denominations of the Debt Security or Debt Securities
of the same series to be issued to the Holder for the portion of the principal of the Debt Security surrendered which is not to
be repaid.

 

If
any Bearer Security surrendered for repayment shall not be accompanied by all unmatured coupons and all matured coupons in default,
such Bearer Security may be paid after deducting from the Repayment Price an amount equal to the face amount of all such missing
coupons, or the surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there be furnished
to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder
of such Bearer Security shall surrender to the Trustee or any Paying Agent any such missing coupon in respect of which a deduction
shall have been made from the Repayment Price, such Holder shall be entitled to receive the amount so deducted without interest
thereon; provided, however, that interest represented by coupons shall be payable only at an office or agency located outside
the United States except as otherwise provided in Section 1002.

 

The
Company shall execute and the Trustee shall authenticate and deliver without service charge to the Holder of any Registered Security
so surrendered a new Registered Security or Securities of the same series, of any authorized denomination specified in the foregoing
notice, in an aggregate principal amount equal to any portion of the principal of the Registered Security so surrendered which
is not to be repaid.

 

The
Company shall execute and the Trustee shall authenticate and deliver without service charge to the Holder of any Bearer Security
so surrendered a new Registered Security or Securities or new Bearer Security or Securities (and all related unmatured coupons
and matured coupons in default) or any combination thereof of the same series of any authorized

 

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denomination or denominations
specified in the foregoing notice, in an aggregate principal amount equal to any portion of the principal of the Debt Security
so surrendered which is not to be paid; provided, however, that the issuance of a Registered Security therefor shall be
subject to applicable laws and regulations, including provisions of the United States Federal income tax laws and regulations
in effect at the time of the exchange; neither the Company, the Trustee nor the Security Registrar shall issue Registered Securities
for Bearer Securities if it has received an Opinion of Counsel that as a result of such issuance the Company would suffer adverse
consequences under the United States Federal income tax laws then in effect and the Company has delivered to the Trustee a Company
Order directing the Trustee not to make such issuances thereafter unless and until the Trustee receives a subsequent Company Order
to the contrary. The Company shall deliver copies of such Company Order to the Security Registrar.

 

For
all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the repayment of Debt Securities
shall relate, in the case of any Debt Security repaid or to be repaid only in part, to the portion of the principal of such Debt
Security which has been or is to be repaid.

 

Section
13.04    Election of Repayment by Remarketing
Entities.

 

The
Company may elect, with respect to Debt Securities of any series which are repayable at the option of the Holders thereof before
their Stated Maturity, at any time prior to any Repayment Date to designate one or more Remarketing Entities to purchase, at a
price equal to the Repayment Price, Debt Securities of such series from the Holders thereof who give notice and surrender their
Debt Securities in accordance with Section 1303.

 

Section
13.05    Securities Payable on the Repayment
Date.

 

Notice
of exercise of the option of repayment having been given and the Debt Securities so to be repaid having been surrendered as aforesaid,
such Debt Securities shall, unless purchased in accordance with Section 1304, on the Repayment Date become due and payable at
the price therein specified and from and after the Repayment Date such Debt Securities shall cease to bear interest and shall
be paid on the Repayment Date, and the coupons for such interest appertaining to Bearer Securities so to be repaid, except to
the extent provided above, shall be void, unless the Company shall default in the payment of such price in which case the Company
shall continue to be obligated for the principal amount of such Debt Securities and shall be obligated to pay interest on such
principal amount at the rate borne by such Debt Securities from time to time until payment in full of such principal amount.

 

Article
Fourteen

Meetings of Holders of Debt Securities

 

Section
14.01    Purposes for Which Meetings May Be
Called.

 

If
Debt Securities of a series are issuable in whole or in part as Bearer Securities, a meeting of Holders of Debt Securities of
such series 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 Act provided by this Indenture to be made, given or taken by Holders
of Debt Securities of such series.

 

    67

     

    

 

Section
14.02    Call, Notice and Place of Meetings.

 

(a)        The Trustee may at any time call a meeting of Holders of Debt Securities of any series issuable as Bearer Securities for any purpose
specified in Section 1401, to be held at such time and at such place in the [Borough of Manhattan, The City of New York, or in
London] as the Trustee shall determine. Notice of every meeting of Holders of Debt Securities of any series, setting forth the
time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the
manner provided in Section 106, not less than 21 nor more than 180 days prior to the date fixed for the meeting.

 

(b)        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
Debt Securities of any series shall have requested the Trustee to call a meeting of the Holders of Debt Securities of such series
for any purpose specified in Section 1401, 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 Debt Securities of such series in the amount above specified, as the case may be, may determine the time and the place in the
[Borough of Manhattan, The City of New York, or in London] for such meeting and may call such meeting for such purposes by giving
notice thereof as provided in subsection (a) of this Section.

 

Section
14.03    Persons Entitled to Vote at Meetings.

 

To
be entitled to vote at any meeting of Holders of Debt Securities of any series, a Person shall be (1) a Holder of one or more
Outstanding Debt Securities of such series, or (2) a Person appointed by an instrument in writing as proxy for a Holder or Holders
of one or more Outstanding Debt 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 of Debt Securities of any series shall be the Persons entitled to vote at such
meeting and their counsel, any representatives of the Trustee and its counsel and any representatives of the Company and its counsel.

 

Section
14.04    Quorum; Action.

 

The
Persons entitled to vote a majority in principal amount of the Outstanding Debt Securities of a series shall constitute a quorum
for a meeting of Holders of Debt 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 Debt Securities of such series, be dissolved.
In the absence of a quorum in any other case the meeting may be adjourned for a period of not less than 10 days as determined
by the chairperson 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 chairperson of the
meeting prior to the adjournment of such adjourned meeting. Notice of this reconvening of any adjourned meeting shall be given
as provided in Section 1402(a), except that such notice need be given only once not less than five days prior to the date on which
the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall

 

    68

     

    

 

state expressly the percentage,
as provided above, of the principal amount of the Outstanding Debt Securities of such series which shall constitute a quorum.

 

Except
as limited by the proviso to Section 902, any resolution presented to a meeting or adjourned meeting duly reconvened at which
a quorum is present as aforesaid may be adopted only by the affirmative vote of the Holders of majority in principal amount of
the Outstanding Debt Securities of that series, provided however, that, except as limited by the proviso to Section 902,
any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other Act which this
Indenture expressly provides may be made, given or taken by the Holders of a specified percentage, which is less than a majority,
in principal amount of the Outstanding Debt Securities of a series may be adopted at a meeting or an adjourned meeting duly reconvened
and at which a quorum is present as aforesaid by the affirmative vote of the Holders of such specified percentage in principal
amount of the Outstanding Debt Securities of that series.

 

Any
resolution passed or decision taken at any meeting of Holders of Debt Securities of any series duly held in accordance with this
Section shall be binding on all the Holders of Debt Securities of such series and the related coupons, whether or not present
or represented at the meeting.

 

Section
14.05    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 Debt Securities of such series in regard to proof of the holding of Debt Securities of such series
and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the submission and examination
of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting
as it shall deem appropriate. Except as otherwise permitted or required by any such regulations, the holding of Debt Securities
shall be proved in the manner specified in Section 104 and the appointment of any proxy shall be proved in the manner specified
in Section 104 or, in the case of Bearer Securities, by having the signature of the person executing the proxy witnessed or guaranteed
by any trust company, bank or banker authorized by Section 104 to certify to the holding of Bearer Securities. Such regulations
may provide that written instruments appointing proxies, regular on their face, may be presumed valid and genuine without the
proof specified in Section 104 or other proof.

 

(b)        The Trustee shall, by an instrument in writing, appoint a temporary chairperson of the meeting, unless the meeting shall have
been called by the Company or by Holders of Debt Securities as provided in Section 1402(b), in which case the Company or the Holders
of Debt Securities of the series calling the meeting, as the case may be, shall in like manner appoint a temporary chairperson.
A permanent chairperson 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 Debt Securities of such series represented at the meeting.

 

(c)        At any meeting each Holder of a Debt Security of such series or proxy shall be entitled to one vote for each $1,000 principal
amount (or the equivalent in Euro, any other composite currency or a Foreign Currency) of Debt Securities of such series held
or

 

    69

     

    

 

represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any Debt Security
challenged as not Outstanding and ruled by the chairperson of the meeting not to be Outstanding. The chairperson of the meeting
shall have no right to vote, except as a Holder of a Debt Security of such series or proxy.

 

(d)        Any meeting of Holders of Debt Securities of any series duly called pursuant to Section 1402 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 Debt Securities of
such series represented at the meeting; and the meeting may be held as so adjourned without further notice.

 

Section
14.06    Counting Votes and Recording Action
of Meetings.

 

The
vote upon any resolution submitted to any meeting of Holders of Debt Securities of any series shall be by written ballots on which
shall be subscribed the signatures of the Holders of Debt Securities of such series or of their representatives by proxy and the
principal amounts and serial numbers of the Outstanding Debt Securities of such series held or represented by them. The permanent
chairperson 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 triplicate of all
votes cast at the meeting. A record, at least in triplicate, of the proceedings of each meeting of Holders of Debt Securities
of any 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 1402 and, if applicable,
Section 1401. Each copy shall be signed and verified by the affidavits of the permanent chairperson 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.

 

Article
Fifteen

Defeasance

 

Section
15.01    Termination of Company’s Obligations.

 

If
this Section 1501 is specified, as contemplated by Section 301, to be applicable to any series of Debt Securities and if the Company
deposits irrevocably in trust with the Trustee money and/or, to the extent such Debt Securities are denominated and payable in
Dollars only, Eligible Instruments the payments of principal and interest on which when due (and without reinvestment and providing
no tax liability will be imposed upon the Trustee or the Holders of such Debt Securities) will provide money in such amounts as
will (together with any money irrevocably deposited in trust with the Trustee, without investment) be sufficient to pay the principal
of (and premium, if any) and any installment of principal of (and premium, if any) or interest when due on the Debt Securities
of such series and any coupons appertaining thereto and any mandatory sinking fund, repayment or analogous payments thereon on
the scheduled due dates therefor at the Stated Maturity thereof, the Company’s obligations under any covenant

 

    70

     

    

 

determined
pursuant to Section 301 to be subject to this Section shall terminate with respect to the Debt Securities of the series for which
such deposit was made; provided, however, that (i) no Event of Default with respect to the Debt Securities of such series
under Section 501(5) or 501(6) or event that with notice or lapse of time or both would constitute such an Event of Default shall
have occurred and be continuing on such date, (ii) such deposit will not result in a breach of, or constitute a default under,
this Indenture or any other agreement or instrument to which the Company is a party or by which it is bound, and (iii) such termination
shall not relieve the Company of its obligations under the Debt Securities of such series and this Indenture to pay when due the
principal of (and premium, if any) and interest and additional amounts on such Debt Securities and any coupons appertaining thereto
if such Debt Securities or coupons are not paid (or payment is not provided for) when due from the money and Eligible Instruments
(and the proceeds thereof) so deposited.

 

It
shall be a condition to the deposit of cash and/or Eligible Instruments and the termination of the Company’s obligations
pursuant to the provisions of this Section with respect to the Debt Securities of any series under any covenant determined pursuant
to Section 301 to be subject to this Section that the Company deliver to the Trustee (i) an Opinion of Counsel to the effect that:
(a) Holders of Debt Securities of such series and any coupons appertaining thereto will not recognize income, gain or loss for
Federal income tax purposes as a result of such deposit and termination and (b) such Holders (and future Holders) will be subject
to tax in the same amount, manner and timing as if such deposit and termination had not occurred, (ii) an Officers’ Certificate
to the effect that under the laws in effect on the date such money and/or Eligible Instruments are deposited with the Trustee,
the amount thereof will be sufficient, after payment of all Federal, state and local taxes in respect thereof payable by the Trustee,
to pay principal (and premium, if any) and interest when due on the Debt Securities of such series and any coupons appertaining
thereto; and (iii) an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein
provided for relating to the defeasance contemplated in this Section have been complied with.

 

It
shall be an additional condition to the deposit of cash and/or Eligible Instruments and the termination of the Company’s
obligations pursuant to the provisions of this Section under any covenant determined pursuant to Section 301 to be subject to
this Section, with respect to the Debt Securities of any series then listed, that the Company deliver an Opinion of Counsel that
the Debt Securities of such series will not be delisted as a result of such deposit and termination.

 

After
a deposit as provided herein, the Trustee shall, upon Company Request, acknowledge in writing the discharge of the Company’s
obligations pursuant to the provisions of this Section with respect to the Debt Securities of such series under any covenant determined
pursuant to Section 301 to be subject to this Section.

 

Section
15.02    Repayment to Company.

 

The
Trustee and any Paying Agent shall promptly pay to the Company upon Company Request any money or Eligible Instruments not required
for the payment of the principal of (and premium, if any) and interest on the Debt Securities of any series and any related coupons
for which money or Eligible Instruments have been deposited pursuant to Section 1501 held by them at any time.

 

    71

     

    

 

The
Trustee and any Paying Agent shall promptly pay to the Company upon Company Request any money held by them for the payment of
principal (and premium, if any) and interest that remains unclaimed for two years after the Maturity of the Debt Securities for
which a deposit has been made pursuant to Section 1501. After such payment to the Company, the Holders of the Debt Securities
of such series and any related coupons shall thereafter, as unsecured general creditors, look only to the Company for the payment
thereof.

 

Section
15.03    Indemnity for Eligible Instruments.

 

The
Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the deposited
Eligible Instruments or the principal or interest received on such Eligible Instruments.

 

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

 

	 	PINEAPPLE
    ENERGY INC.
	 	By	 
	 	 	Its	 
	 	 	[_______________________]
	 	By	 
	 	 	Its

    72

     

    

 

EXHIBIT
A-1

 

[Form
of Certificate of Beneficial Ownership by a

Non-United States Person or by Certain Other Persons]

 

Certificate

PINEAPPLE ENERGY INC.

[Insert title or sufficient description of

Debt Securities to be delivered]

 

Reference
is hereby made to the Indenture dated as of [_________________] (the “Indenture”) between Pineapple Energy Inc. and
[______________] (the “Trustee”), covering the above-captioned Debt Securities. This is to certify that as of the
date hereof, _______________________ principal amount of Debt Securities credited to you for our account (i) is owned by persons
that are not United States Persons, as defined below; (ii) is owned by United States Persons that are (a) foreign branches of
United States financial institutions (as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(v)) (“financial institutions”)
purchasing for their own account or for resale, or (b) United States Persons who acquired the Debt Securities through foreign
branches of United States financial institutions and who hold the Debt Securities through such United States financial institutions
on the date hereof (and in either case (a) or (b), each such United States financial institution encloses herewith a certificate
in the form of Exhibit A-2 to the Indenture); or (iii) is owned by United States or foreign financial institutions for purposes
of resale during the restricted period (as defined in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), which United
States or foreign financial institutions described in clause (iii) above (whether or not also described in clause (i) or (ii))
certify that they have not acquired the Debt Securities for purposes of resale directly or indirectly to a United States Person
or to a person within the United States or its possessions.

 

[Insert
if certificate does not relate to an interest payment--We undertake to advise you by tested telex followed by written confirmation
if the above statement as to beneficial ownership is not correct on the date of delivery of the above-captioned Debt Securities
in bearer form as to all of such Debt Securities with respect to such of said Debt Securities as then appear in your books as
being held for our account.] We understand that this certificate is required in connection with United States tax laws. We irrevocably
authorize you to produce this certificate or a copy hereof to any interested party in any administrative or legal proceedings
with respect to the matters covered by this certificate. “United States Person” shall mean a citizen or resident of
the United States of America (including the District of Columbia), a corporation, partnership or other entity created or organized
in or under the laws of the United States or any political subdivision thereof or an estate or trust that is subject to United
States Federal income taxation regardless of the source of its income.

 

[This
certificate excepts and does not relate to principal amount of Debt Securities credited to you for our account and to which we
are not now able to make the certification set forth above. We understand that definitive Debt Securities cannot be delivered
and interest cannot be paid until we are able to so certify with respect to such principal amount of Debt Securities.]*

 

     

     

    

 

	Dated:	 	 	 	 
	[To
    be dated on or after _______________ (the date determined as provided in the Indenture)]	 	 	 
	 	 	 	 	 
	 	 	 	[Name
    of Person Entitled to Receive Bearer Security]
	 	 	 	 
	 	 	 	(Authorized
    Signatory)
	 	 	 	 	 
	 	 	 	Name:	 
	 	 	 	Title:	 

*Delete
if inappropriate

 

    2 

     

    

 

EXHIBIT
A-2

[Form
of Certificate of Status as a

Foreign
Branch of a United States Financial Institution]

Certificate

PINEAPPLE
ENERGY INC.

[Insert
title or sufficient description of

Debt
Securities to be delivered]

 

Reference
is hereby made to the Indenture dated as of [________________] (the “Indenture”), between Pineapple Energy Inc. and
[__________________], relating to the offering of the above-captioned Debt Securities (the “Debt Securities”). Unless
herein defined, terms used herein have the same meaning as given to them in the Indenture.

 

The
undersigned represents that it is a branch located outside the United States of a United States securities clearing organization,
bank or other financial institution (as defined in U.S. Treasury Regulation Section 1.165-12(c)(1)(v)) that holds customers’
securities in the ordinary course of its trade or business and agrees, and authorizes you to advise the issuer or the issuer’s
agent, that it will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986 and
the regulations thereunder and is not purchasing for resale directly or indirectly to a United States Person or to a person within
the United States or its possessions. We undertake to advise you by tested telex followed by written confirmation if the statement
in the immediately preceding sentence is not correct on the date of delivery of the above-captioned Debt Securities in bearer
form.

 

We
understand that this certificate is required in connection with the United States tax laws. We irrevocably authorize you to produce
this certificate or a copy hereof to any interested party in any administrative or legal proceedings with respect to the matters
covered by this certificate.

 

	Dated:	 	 	 	 
	[To
    be dated on or after _______________ (the date determined as provided in the Indenture)]	 	 	 
	 	 	 	 	 
	 	 	 	[Name
    of Person Entitled to Receive Bearer Security]
	 	 	 	 
	 	 	 	(Authorized
    Signatory)
	 	 	 	 	 
	 	 	 	Name:	 
	 	 	 	Title:	 

 

     

     

    

 

EXHIBIT
B

[Form
of Certificate to be Given by Euroclear and Clearstream in Connection with the Exchange of All or a Portion of a Temporary Global
Security or to Obtain

Interest
Prior to Exchange] 

Certificate

PINEAPPLE
ENERGY INC.

[Insert
title or sufficient description of Debt Securities to be delivered]

 

We
refer to that portion,, of the Global Security representing the above-captioned issue [which is herewith submitted to be exchanged
for definitive Debt Securities]* [for which we are seeking to obtain payment of interest]* (the “Submitted Portion”).
This is to certify, pursuant to the Indenture dated as of [_______________] (the “Indenture”) between Pineapple Energy
Inc. and [__________________] (the “Trustee”), that we have received in writing, by tested telex or by electronic
transmission from member organizations with respect to each of the persons appearing in our records as being entitled to a beneficial
interest in the Submitted Portion a Certificate of Beneficial Ownership by a Non-United States Person or by Certain Other Persons
[and, in some cases, a Certificate of Status as a Foreign Branch of a United States Financial Institution, authorizing us to inform
the issuer or the issuer’s agent that it will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal
Revenue Code of 1986 and the regulations thereunder]* substantially in the form of Exhibit A-1 [and A-2]* to the Indenture.

 

We
hereby request that you deliver to the office of _________________________ in ______________________ definitive Bearer Securities
in the denominations on the attached Schedule A.

 

We
further certify that as of the date hereof we have not received any notification from any of the persons giving such certificates
to the effect that the statements made by them with respect to any part of the Submitted Portion are no longer true and cannot
be relied on as of the date hereof.

 

	Dated:	 	 	 
	 	 	 	[,
    as
	 	 	 	Operator
    of the Euroclear System] [Clearstream]
	 	 	 	By:	 

*Delete
if inappropriate.

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