Document:

Fifth Supplemental Indenture dated as of April 22, 2014

 Exhibit 4.1 
  

 
 FIFTH SUPPLEMENTAL INDENTURE 

BETWEEN 
 WELLS FARGO &
COMPANY 
 AND 
 CITIBANK, N.A.

 Dated as of April 22, 2014 

SUPPLEMENTAL TO INDENTURE 
 DATED
AS OF JULY 21, 1999 
  
  

 THIS FIFTH SUPPLEMENTAL INDENTURE dated as of April 22, 2014 between WELLS
FARGO & COMPANY, a Delaware corporation (the “Issuer”), and CITIBANK, N.A., as trustee (the “Trustee”). 

W I T N E S S E T H : 

WHEREAS, the Issuer and the Trustee are parties to that certain Indenture dated as of July 21, 1999 (the
“Indenture”); 
 WHEREAS, in 2011 the Issuer established and issued its Medium-Term Notes, Series K,
0.125% Exchangeable Notes due March 2, 2016, CUSIP No. 94986RCZ2, under the Indenture (the “Notes”) and such Notes are currently outstanding; 

WHEREAS, the Issuer desires to amend and restate the Notes; 

WHEREAS, Section 902 of the Indenture provides that, with the consent of each Holder (as defined in the Indenture), the
Issuer, when authorized by a Board Resolution (as defined in the Indenture), and the Trustee may enter into indentures supplemental to the Indenture under certain circumstances provided therein; 

WHEREAS, the entry into this Fifth Supplemental Indenture by the parties hereto is in all respects authorized by the
provisions of the Indenture; and 
 WHEREAS, all things necessary to make this Fifth Supplemental Indenture a valid
agreement of the Company, in accordance with its terms, and a valid amendment of, and supplement to, the Indenture have been done; 

NOW, THEREFORE: 

In consideration of the premises herein set forth, the Issuer and the Trustee mutually covenant and agree for the equal and
proportionate benefit of the respective Holders from time to time of the Notes, as follows: 
 ARTICLE 1 

AMENDMENT OF THE NOTES 

Section 1.01. Amendment of the Notes. The form of the Notes is hereby amended and restated in its entirety as set
forth in Exhibit A hereto (which is hereby incorporated herein and made a part hereof), subject to changes in the form thereof made by the Issuer and acceptable to the Trustee. 

Capitalized terms used in this Section 1.01 and not otherwise defined herein shall have the meanings set forth in the
Notes. 

 ARTICLE 2 

MISCELLANEOUS PROVISIONS 

Section 2.01. Further Assurances. The Issuer will, upon request by the Trustee, execute and deliver such further
instruments and do such further acts as may reasonably be necessary or proper to carry out more effectively the purposes of this Fifth Supplemental Indenture. 

Section 2.02. Other Terms of the Notes and the Indenture. Except insofar as herein otherwise expressly provided,
all provisions, terms and conditions of the Notes and the Indenture are in all respects ratified and confirmed and shall remain in full force and effect. 

Section 2.03. Effectiveness. Upon execution and delivery of this Fifth Supplemental Indenture by the Company and
the Trustee, this Fifth Supplemental Indenture shall become effective as of its date. 
 Section 2.04. Effect of
Headings. The Article and Section headings herein are for convenience only and shall not affect the construction hereof. 

Section 2.05. Successors and Assigns. All covenants and agreements in this Fifth Supplemental Indenture by the
Issuer shall bind its successors and assigns, whether expressed or not. 
 Section 2.06. Separability. In case
any provision of this Fifth Supplemental Indenture 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 2.07. Governing Law. The internal laws of the State of New York shall govern and be used to construe this
Fifth Supplemental Indenture. 
 Section 2.08. Counterparts. This Fifth Supplemental Indenture may be executed
in any number of counterparts, each of which shall be an original; but such counterparts shall together constitute but one and the same instrument. 

Section 2.09. Responsibility of the Trustee. The recitals contained herein shall be taken as the statements of
the Issuer, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Fifth Supplemental Indenture. 

 IN WITNESS WHEREOF, the parties hereto have caused this Fifth Supplemental
Indenture to be duly executed, attested and sealed, all as of the date first above written. 
  

									
		 		 	WELLS FARGO & COMPANY
				
	[CORPORATE SEAL]	 		 	By	 	/s/ Barbara S. Brett
		 		 		 	Name:	 	Barbara S. Brett
		 		 		 	Title:	 	 Senior Vice President and
Assistant Treasurer

				
		 		 	Attest	 	/s/ Jeannine E. Zahn
		 		 		 	Name:	 	Jeannine E. Zahn
		 		 		 	Title:	 	Assistant Secretary

 
					
	CITIBANK, N.A.
		
	By	 	/s/ Cirino Emanuele
		 	Name:	 	Cirino Emanuele
		 	Title:	 	Vice President

  

			
	Attest	 	/s/ John Hannon

 
					
		 	Name:	 	John Hannon
		 	Title:	 	Vice President

					
	 STATE OF MINNESOTA
	 	 )
	 	
		 	 )
	 	 SS.

	 COUNTY OF HENNEPIN
	 	 )
	 	

 On the 22nd day of April, 2014, before
me personally came Barbara S. Brett, to me known, who, being duly sworn, did depose and say that she is an Senior Vice President and Assistant Treasurer of Wells Fargo & Company, a corporation described in and which executed the above
instrument; that she knows the seal of said corporation; that it was so affixed pursuant to the authority of the Board of Directors of said corporation; and that she signed his name thereto pursuant to like authority. 

 

	
	/s/ Lori L. Boeckel-Kreidt
	Notary Public

					
	 STATE OF NEW YORK
	 	 )
	 	
		 	 )
	 	 SS.

	 COUNTY OF NEW YORK
	 	 )
	 	

 On the 22nd day of April 2014, before me personally came Cirino Emanuele, to me known, who,
being duly sworn, did depose and say that he is a Vice President of Citibank, N.A., a national banking association described in and which executed the above instrument; and that he signed his name thereto pursuant to like authority. 

 

	
	/s/ Noreen Iris Santos
	Notary Public

 Exhibit A 

 [Face of Note] 

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation
(“DTC”), to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as requested by an authorized representative
of DTC (and any payment is made to Cede & Co. or such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
registered owner hereof, Cede & Co., has an interest herein. 
 This Security amends and restates in its entirety
that certain Security (Registered No. 1, CUSIP No. 94986CZ2) dated March 2, 2011 (the “Prior Note”). This Security is issued in exchange for the Prior Note and pursuant to the Fifth Supplemental Indenture between the
Company and the Trustee. 
  

			
	 CUSIP NO. 94986RCZ2
	  	PRINCIPAL AMOUNT: $12,155,000
	 REGISTERED NO. 2
	  	

 WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 

Due Nine Months or More From Date of Issue 

Amended and Restated 0.125% Exchangeable Notes due March 2, 2016 

WELLS FARGO & COMPANY, a corporation duly organized and existing under the laws of the State of Delaware (hereinafter
called the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & Co., or its registered assigns, in such 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, the principal sum of TWELVE MILLION ONE HUNDRED FIFTY-FIVE THOUSAND DOLLARS ($12,155,000),
on March 2, 2016 (the “Stated Maturity Date”) unless and to the extent the Company has exercised the Redemption Right (as defined and described below) or the Holder hereof has exercised the Exchange Right (as defined and
described below), and to pay interest thereon from March 2, 2011 or from the most recent Interest Payment Date to which interest has been paid or duly provided for at the rate of 0.125% per annum, payable semi-annually in arrears on
March 2 and September 2 in each year beginning September 2, 2011 until the principal hereof is paid or made available for payment or as otherwise provided herein in connection with the Redemption Right or the Exchange Right. Interest
shall be calculated on the basis of a year of 360 days with twelve 30-day months. The Company shall not pay any accrued but unpaid interest with respect to this Security or any portion hereof that has been
exchanged pursuant to the Exchange Right or redeemed pursuant to the Redemption Right. The interest so payable, and punctually paid or duly provided 

  
 1 

 
for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of
business (5:00 p.m. New York City time) on the Regular Record Date for such interest (whether or not a Business Day, as defined below) next preceding such Interest Payment Date. The Regular Record Date for an Interest Payment Date shall be the
fifteenth calendar day, whether or not a Business Day, prior to such Interest Payment Date. 
 Any interest not punctually
paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on
a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to the Holder of this Security not less than 10 days prior to such Special Record Date, or be paid at any time in any other
lawful manner not inconsistent with the requirements of any securities exchange on which this Security may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. 

Payment of interest on this Security will be made in immediately available funds at the office or agency of the Company
maintained for that purpose in the City of Minneapolis, Minnesota in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that, at the option of
the Company, payment of interest may be paid by check mailed to the Person entitled thereto at such Person’s last address as it appears in the Security Register or by wire transfer to such account as may have been designated by such Person.
Payment of principal of and interest on this Security at Maturity will be made against presentation of this Security at the office or agency of the Company maintained for that purpose in the City of Minneapolis, Minnesota or at any other office or
agency maintained by the Company for such purpose. Notwithstanding the foregoing, for so long as this Security is a Global Security registered in the name of the Depositary, payments of principal and interest on this Security will be made to the
Depositary by wire transfer of immediately available funds. 
 Exchange Right 

Beginning March 12, 2011 to and including the earlier of (i) the Trading Day prior to the Redemption Notice Date, if
applicable, and (ii) the fifth Trading Day prior to the Stated Maturity Date, the Holder of this Security may exchange each $1,000 principal amount of this Security for a number of shares of each Basket Stock (as defined below) equal to its
Exchange Ratio (as defined below) (or, at the Company’s option, the cash value of such shares as determined on the Exchange Notice Date (as defined below)), subject to the Company’s right to redeem this Security on any day from and
including March 2, 2015. A “Trading Day” means a day, as determined by the Calculation Agent, on which trading is generally conducted on the principal trading market for each of the Basket Stocks (as determined by the
Calculation Agent in its sole discretion), the Chicago Mercantile Exchange and the Chicago Board Options Exchange and in the over-the-counter market for equity securities in the United States. This right of the Holder of this Security to exchange
this Security is referred to herein as the “Exchange Right.” 
 The “Initial Exchange
Ratio” for each of Danaher Corporation, Textron Inc. and Ingersoll-Rand plc was determined on February 23, 2011. Allegion plc was spun off from Ingersoll-Rand plc with an Ex-Dividend Date (as defined below) of December 2, 2013,
and the Initial Exchange Ratio 

  
 2 

 
for Allegion plc was determined by the Calculation Agent as of December 2, 2013. The “Pre-Amendment Exchange Ratio” for each Basket Stock is set forth below in the
definition of “Basket Stocks” under “—Certain Definitions” and reflects all adjustments to the Initial Exchange Ratio for each Basket Stock that have been made to April 16, 2014. The “Amended Exchange
Ratio” for each Basket Stock is also set forth below in the definition of “Basket Stocks” under “—Certain Definitions” and is the Pre-Amendment Exchange Ratio for each Basket Stock multiplied by a factor of 0.98.
References in this Security to “Exchange Ratio” refer to the Amended Exchange Ratio for each Basket Stock unless the context otherwise requires. The Exchange Ratio for each Basket Stock will remain constant for the term of this
Security unless adjusted for certain corporate events relating to, or dividend payments by, the issuer of that Basket Stock. See “—Adjustment Events” below. 

When the Holder of this Security exchanges this Security or any portion hereof, the Calculation Agent will determine the exact
number of shares of each of the Basket Stocks to be received by the Holder based on the principal amount of this Security exchanged and the Exchange Ratio of each Basket Stock as it may have been adjusted through the Exchange Notice Date. Since this
Security will be held only in book-entry form, a beneficial owner of this Security may exercise the Exchange Right only by acting through its participant at DTC, whose nominee is the registered Holder of this Security. Accordingly, if a beneficial
owner of this Security desires to exchange all or any portion of this Security, such beneficial owner must instruct the participant through which it owns its interest to exercise the Exchange Right on its behalf. 

To exchange this Security or any portion hereof on any day, a beneficial owner of this Security or any portion hereof must
instruct its broker or other person with whom it holds its beneficial interest to take the appropriate steps through normal clearing system channels. A beneficial owner’s book-entry interest in this Security must be transferred to Wells Fargo
Bank, N.A., the Paying Agent, on the day the Company delivers shares or pays cash to the Holder hereof, as described below. In addition, a beneficial owner of this Security must give the Company notice of exchange as follows: 

 

	 	•	 	 fill out an Official Notice of Exchange, which is attached as Annex A hereto; and 

 

	 	•	 	 deliver such Official Notice of Exchange to the Company before 11:00 A.M., New York City time, on the day such beneficial owner notifies the
Company of its exercise of the Exchange Right (the “Exchange Notice Date”). 

 In order
to ensure that the instructions are received by the Company on a particular day, a beneficial owner of this Security must instruct the participant through which it owns its interest before that participant’s deadline for accepting instructions
from their customers. Different firms may have different deadlines for accepting instructions from their customers. Accordingly, a beneficial owner of this Security should consult the participant through which it owns its interest for the relevant
deadline. If the Company receives an Official Notice of Exchange after 11:00 A.M., New York City time, on any day or at any time on a day when the stock markets are closed, such notice will not become effective until the next day that the stock
markets are open. All instructions given to the Company by participants on behalf of a beneficial owner relating to the right to exchange this Security will be irrevocable. In addition, at the time instructions are given, a beneficial owner of this
Security must direct the participant through which it owns its interest to 

  
 3 

 
transfer its book-entry interest in this Security, on DTC’s records, to the Paying Agent on the Company’s behalf. 

This Security must be exchanged in $1,000 minimum increments at a time. 

The Holder of this Security will no longer have the Exchange Right if the Company redeems this Security. 

Upon any exercise of the Exchange Right, the Holder of this Security will not be entitled to receive any cash payment
representing any accrued but unpaid interest. Consequently, if this Security or any portion hereof is exchanged so that the Exchange Settlement Date (as defined below) occurs during the period from the close of business on a Regular Record Date for
the payment of interest and prior to the next succeeding Interest Payment Date, this Security or the portion hereof exchanged must, as a condition to the delivery of the shares of the Basket Stocks or cash to the Holder hereof, be accompanied by
funds equal to the interest payable on the succeeding Interest Payment Date on the principal amount of this Security exchanged. 

Upon any such exchange, the Company may, at its sole option, either deliver such shares of the Basket Stocks or pay an amount
in cash equal to the Basket Value on the Exchange Notice Date, as determined by the Calculation Agent, in lieu of such Basket Stocks. 

The Company will, or will cause the Calculation Agent to, deliver such shares of the Basket Stocks or cash to the Paying Agent
for delivery to the Holder of this Security on the fifth Business Day after the Exchange Notice Date, upon delivery of this Security to the Paying Agent. The “Exchange Settlement Date” will be the fifth Business Day after the
Exchange Notice Date, or, if later, the day on which this Security is delivered to the Paying Agent. 
 If upon exchange of
this Security or any portion hereof the Company delivers shares of the Basket Stocks, the Company will pay cash in lieu of delivering any fractional share of any Basket Stock in an amount equal to the value of such fractional shares based on the
Closing Price (as defined below) of the Basket Stock as determined by the Calculation Agent on the Trading Day before the Exchange Settlement Date. 

Redemption Right 
 The
Company may redeem this Security, in whole but not in part, for settlement on any day from and including March 2, 2015, to and including the Stated Maturity Date, for an amount in cash for each $1,000 principal amount of this Security equal to
the greater of (i) the redemption price of $1,000 and (ii) the Basket Value determined by the Calculation Agent on the Trading Day prior to the Redemption Notice Date. This right of the Company to redeem this Security is referred to herein
as the “Redemption Right.” 
 If the Company redeems this Security, the Company will specify the Redemption
Date in its notice of redemption. The “Redemption Date” will be 10 days following the day on which the Company gives its notice of redemption (the “Redemption Notice Date”), unless the 10th day following the Redemption Notice Date is not a Business Day, in which case the Redemption Date will be the immediately following day that is a Business Day. If the Company redeems this

  
 4 

 
Security, the Holder of this Security will not receive any accrued but unpaid interest on the Redemption Date. 

If the Company redeems this Security, the Holder of this Security will no longer be able to exercise the Exchange Right. 

Business Day Adjustments 

If the Stated Maturity Date, any Interest Payment Date, the Redemption Date or any Exchange Settlement Date is not a Business
Day, any payments due on this Security on such day will be made on the next succeeding Business Day with the same force and effect as if made on such day. 

Certain Definitions 
 As
of April 16, 2014, the “Basket” is composed of the common stock of four companies, and consists of a number of shares of each Basket Stock equal to the Exchange Ratio with respect to such Basket Stock. 

The “Basket Stocks” are the four stocks set forth in the table below. The table also indicates the proportion
of the Basket Value represented by the shares of each Basket Stock on April 15, 2014, the Pre-Amendment Exchange Ratio for each Basket Stock and the Amended Exchange Ratio for each Basket Stock. 

 

											
	 Basket Stocks
	  	Proportion of
Basket Value	 	Pre-
Amend-
ment
Exchange
Ratio	 	  	Amended
Exchange
Ratio	 
	 Danaher Corporation
	  	34.64%	 	 	6.489159	  	  	 	6.347695	  
	 Textron Inc.
	  	32.42%	 	 	11.75910	  	  	 	11.502752	  
	 Ingersoll-Rand plc
	  	25.35%	 	 	6.239908	  	  	 	6.103878	  
	 Allegion plc
	  	7.59%	 	 	2.076771	  	  	 	2.031497	  
		  	  
	 				  			
	 Total
	  	100.00%	 				  			

 If, as a result of any event described under “—Adjustment Events” below, this Security is
exchangeable into equity securities other than the shares of the Basket Stock Issuers, “Basket Stocks” shall include such other securities. 

The “Basket Stock Issuers” (or, individually, a “Basket Stock Issuer”) are the issuers of
the Basket Stocks. 
 The “Basket Value” on any Trading Day equals the sum of the products of the Closing
Price and the Exchange Ratio for each Basket Stock, each determined as of such Trading Day by the Calculation Agent. 

  
 5 

 “Business Day” shall mean a day, other than a Saturday or
Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized or required by law or regulation to close in New York, New York or Minneapolis, Minnesota. 

“Calculation Agency Agreement” shall mean the Calculation Agency Agreement dated as of March 2, 2011
between the Company and the Calculation Agent, as amended from time to time. 
 “Calculation Agent” shall
mean the Person that has entered into the Calculation Agency Agreement with the Company, which term shall, unless the context otherwise requires, include its successors under such Calculation Agency Agreement. The initial Calculation Agent shall be
Wells Fargo Securities, LLC. Pursuant to the Calculation Agency Agreement, the Company may appoint a different Calculation Agent from time to time after the initial issuance of this Security without the consent of the Holder of this Security and
without notifying the Holder of this Security. 
 The “Closing Price” for one share of a Basket Stock (or
one unit of any other security for which a Closing Price must be determined) on any Trading Day means: 
  

	 	•	 	 if the Basket Stock (or any such other security) is listed or admitted to trading on a national securities exchange, the last reported sale price,
regular way, of the principal trading session on such day on the principal United States securities exchange registered under the Securities Exchange Act of 1934, as amended, on which the Basket Stock (or any such other security) is listed or
admitted to trading; or 

  

	 	•	 	 if the Basket Stock (or any such other security) is not listed or admitted to trading on any national securities exchange but is included in the
OTC Bulletin Board Service (the “OTC Bulletin Board”) operated by the Financial Industry Regulatory Authority, Inc. (“FINRA”), the last reported sale price of the principal trading session on the OTC Bulletin Board
on such day. 

 If a Basket Stock (or any such other security) is listed or admitted to trading on any
national securities exchange but the last reported sale price is not available pursuant to the preceding sentence, then the Closing Price for one share of that Basket Stock (or one unit of any such other security) on any Trading Day will mean the
last reported sale price of the principal trading session on the over-the-counter market or the OTC Bulletin Board on such day. 

If the last reported sale price for a Basket Stock (or any such other security) is not available pursuant to either of the two
preceding sentences, then the Closing Price for any Trading Day will be the mean, as determined by the Calculation Agent, of the bid prices for that Basket Stock (or any such other security) obtained from as many recognized dealers in such security,
but not exceeding three, as will make such bid prices available to the Calculation Agent. Bids of Wells Fargo Securities, LLC or any of its affiliates may be included in the calculation of such mean, but only to the extent that any such bid is the
highest of the bids obtained. The term OTC Bulletin Board Service will include any successor service thereto. 

  
 6 

 Calculation Agent 

All determinations made by the Calculation Agent with respect to this Security will be at the sole discretion of the
Calculation Agent and, in the absence of manifest error, will be conclusive for all purposes and binding on the Company and the Holder of this Security. All percentages and other amounts resulting from any calculation with respect to this Security
will be rounded at the Calculation Agent’s discretion. 
 Events of Default and Acceleration 

In case an Event of Default, as defined in the Indenture, with respect to this Security has occurred and is continuing, the
amount payable to the Holder of this Security upon any acceleration permitted by this Security, with respect to each $1,000 principal amount of this Security, will be equal to the greater of (i) $1,000 and (ii) the Basket Value determined
by the Calculation Agent on the date of acceleration. 
 Adjustment Events 

The Exchange Ratios of the Basket Stocks are subject to adjustment by the Calculation Agent as a result of the dilution and
reorganization events described in this section. 
 If one of the events described below occurs with respect to any Basket
Stock and the Calculation Agent determines that the event has a dilutive or concentrative effect on the market price of such Basket Stock, the Calculation Agent will calculate a corresponding adjustment to the Exchange Ratio for such Basket Stock as
the Calculation Agent deems appropriate to account for that dilutive or concentrative effect. For example, if an adjustment is required because of a two-for-one stock split, then the Exchange Ratio for such Basket Stock will be adjusted by the
Calculation Agent by multiplying the existing Exchange Ratio by a fraction whose numerator is the number of shares of such Basket Stock outstanding immediately after the stock split and whose denominator is the number of shares of such Basket Stock
outstanding immediately prior to the stock split. Consequently, the Exchange Ratio will be adjusted to double the prior Exchange Ratio, due to the corresponding decrease in the market price of such Basket Stock. Adjustments will be made for events
with an effective date or Ex-Dividend Date, as applicable, from but excluding April 16, 2014 to and including (i) if a Holder of this Security exchanges this Security and the Company delivers shares of Basket Stocks to such Holder on the
Exchange Settlement Date, the Exchange Settlement Date or (ii) in all other circumstances, the Exchange Notice Date or the Redemption Determination Date, as applicable (the “Adjustment Period”). 

The Calculation Agent will also determine the effective date of that adjustment, and the replacement of the Basket Stock, if
applicable, in the event of a consolidation or merger or certain other events in respect of any Basket Stock Issuer. Upon making any such adjustment, the Calculation Agent will give notice as soon as practicable to the Trustee and the Paying Agent,
stating the adjustment to the Exchange Ratio with respect to such Basket Stock. In no event, however, will an antidilution adjustment to the Exchange Ratio during the term of this Security be deemed to change the principal amount of this Security.

 If more than one event requiring adjustment occurs with respect to a Basket Stock, the Calculation Agent will make an
adjustment for each event in the order in which the events occur, 

  
 7 

 
and on a cumulative basis. Thus, having made an adjustment for the first event, the Calculation Agent will adjust the Exchange Ratio for the second event, applying the required adjustment to the
Exchange Ratio of any such Basket Stock as already adjusted for the first event, and so on for any subsequent events. 
 For
any dilution event described below, other than a consolidation or merger, the Calculation Agent will not have to adjust the Exchange Ratio unless the adjustment would result in a change to the Exchange Ratio of any such Basket Stock then in effect
of at least 0.10%. The Exchange Ratio with respect to such Basket Stock resulting from any adjustment will be rounded up or down, as appropriate, to the nearest one-hundred thousandth. 

If an event requiring an antidilution adjustment occurs, the Calculation Agent will make the adjustment with a view to
offsetting, to the extent practical, any change in the economic position of the Holder of this Security relative to this Security that results solely from that event. The Calculation Agent may, in its sole discretion, modify the antidilution
adjustments as necessary to ensure an equitable result. 
 The Calculation Agent will make all determinations with respect
to antidilution adjustments, including any determination as to whether an event requiring adjustment has occurred, as to the nature of the adjustment required and how it will be made or as to the value of any property distributed in a reorganization
event, and will do so in its sole discretion. In the absence of manifest error, those determinations will be conclusive for all purposes and will be binding on the Holder of this Security and the Company, without any liability on the part of the
Calculation Agent. The Holder of this Security will not be entitled to any compensation from the Company for any loss suffered as a result of any of these determinations by the Calculation Agent. The Calculation Agent will provide information about
the adjustments that it makes upon the written request of the Holder of this Security. 
 If any of the adjustments
specified below is required to be made with respect to an amount or value of any cash or other property that is distributed by any Basket Stock Issuer organized outside the United States, such amount or value will be converted to U.S. dollars, as
applicable, and will be reduced by any applicable foreign withholding taxes that would apply to such distribution if such distribution were paid to a U.S. person that is eligible for the benefits of an applicable income tax treaty, if any, between
the United States and the jurisdiction of organization of such Basket Stock Issuer, as determined by the Calculation Agent, in its sole discretion. 

No adjustments will be made for certain other events, such as offerings of common stock by any Basket Stock Issuer for cash or
in connection with the occurrence of a partial tender or exchange offer for any Basket Stock by the issuer of such Basket Stock or any other person. 

Ordinary Dividend Adjustments 

In addition to any adjustments to the Exchange Ratio described elsewhere in this section, the Exchange Ratio will be adjusted
for changes (whether positive or negative) in the regular quarterly cash dividend payable to holders of such Basket Stock relative to its Base Quarterly Dividend (as defined below). If the issuer of a Basket Stock pays a regular quarterly cash
dividend for which the Ex-Dividend Date is within the Adjustment Period and the amount of such regular quarterly cash 

  
 8 

 
dividend (the “Current Quarterly Dividend”) differs from the Base Quarterly Dividend payable to holders of such Basket Stock, the Exchange Ratio with respect to such Basket Stock
will be adjusted (an “Ordinary Dividend Adjustment”) on such Ex-Dividend Date so that the new Exchange Ratio will equal the prior Exchange Ratio multiplied by the Ordinary Dividend Adjustment factor. If a reorganization event
occurs, no Ordinary Dividend Adjustment will be made in respect of any New Stock (other than spin-off stock), Successor Stock or Replacement Stock (each as defined below). 

The “Ordinary Dividend Adjustment Factor” will equal a fraction, the numerator of which is the Closing Price
of such Basket Stock on the Trading Day preceding the Ex-Dividend Date for the payment of the Current Quarterly Dividend (such Closing Price, the “Ordinary Dividend Base Closing Price”), and the denominator of which equals the
Ordinary Dividend Base Closing Price of such Basket Stock on the Trading Day preceding the Ex-Dividend Date minus the Dividend Differential (as defined below). If the Dividend Differential is negative (because the Current Quarterly Dividend is less
than the Base Quarterly Dividend), then the Ordinary Dividend Adjustment factor will be less than 1, and the corresponding adjustment to the relevant Exchange Ratio will result in a reduction of such Exchange Ratio. 

The “Dividend Differential” equals the amount of the Current Quarterly Dividend minus the Base Quarterly
Dividend. 
 The “Base Quarterly Dividend” for each Basket Stock will be reset on the date hereof.
Immediately prior to the date hereof, the Base Quarterly Dividends with respect to the Basket Stocks were (i) with respect to Danaher Corporation, a quarterly dividend of $0.02 per share; (ii) with respect to Textron Inc., a quarterly
dividend of $0.02 per share; (iii) with respect to Ingersoll-Rand plc, a quarterly dividend of $0.07 per share; and (iv) with respect to Allegion plc, a quarterly dividend of $0.00 per share. On and after the date hereof, the “Base
Quarterly Dividends” with respect to the Basket Stocks will be (i) with respect to Danaher Corporation, a quarterly dividend of $0.025 per share; (ii) with respect to Textron Inc., a quarterly dividend of $0.02 per share;
(iii) with respect to Ingersoll-Rand plc, a quarterly dividend of $0.25 per share; and (iv) with respect to Allegion plc, a quarterly dividend of $0.08 per share. In the event of a spin-off in respect of any Basket Stock, the Base
Quarterly Dividend for such Basket Stock will remain unchanged and the Base Quarterly Dividend with respect to the spin-off stock will be $0.00 per share. 

Stock Splits and Reverse Stock Splits 

A stock split is an increase in the number of a corporation’s outstanding shares of stock without any change in its
stockholders’ equity. Each outstanding share will be worth less as a result of a stock split. 
 A reverse stock split
is a decrease in the number of a corporation’s outstanding shares of stock without any change in its stockholders’ equity. Each outstanding share will be worth more as a result of a reverse stock split. 

If any Basket Stock is subject to a stock split or a reverse stock split, then once the split has become effective, the
Calculation Agent will adjust the Exchange Ratio with respect to such Basket Stock to equal the product of the prior Exchange Ratio of such Basket Stock and the number of 

  
 9 

 
shares issued in such stock split or reverse stock split with respect to one share of such Basket Stock. 

Stock Dividends 

In a stock dividend, a corporation issues additional shares of its stock to all holders of its outstanding stock in proportion
to the shares they own. Each outstanding share will be worth less as a result of a stock dividend. 
 If any Basket Stock is
subject to a stock dividend payable in shares of such Basket Stock that is given ratably to all holders of shares of such Basket Stock, then once the dividend has become effective the Calculation Agent will adjust the Exchange Ratio for such Basket
Stock on the Ex-Dividend Date to equal the sum of the prior Exchange Ratio for such Basket Stock and the product of: 
  

	 	•	 	 the number of shares issued with respect to one share of such Basket Stock, and 

 

	 	•	 	 the prior Exchange Ratio for such Basket Stock. 

The “Ex-Dividend Date” for any dividend or other distribution is the first day on and after which such Basket Stock trades
without the right to receive that dividend or distribution. 
 No Adjustments for Other Dividends and Distributions 

The Exchange Ratio will not be adjusted to reflect dividends, including cash dividends, or other distributions paid with
respect to any Basket Stock, other than: 
  

	 	•	 	 Ordinary Dividend Adjustments described above; 

  

	 	•	 	 stock dividends described above; 

  

	 	•	 	 issuances of transferable rights and warrants as described in “—Transferable Rights and Warrants” below; 

 

	 	•	 	 distributions that are spin-off events described in “—Reorganization Events” below; and 

 

	 	•	 	 Extraordinary Dividends described below. 

An “Extraordinary Dividend” means each of (a) the full amount per share of a Basket Stock of any cash
dividend or special dividend or distribution that is identified by the issuer of a Basket Stock as an extraordinary or special dividend or distribution, (b) the excess of any cash dividend or other cash distribution (that is not otherwise
identified by the issuer of a Basket Stock as an extraordinary or special dividend or distribution) distributed per share of such Basket Stock over the immediately preceding cash dividend or other cash distribution, if any, per share of such Basket
Stock that did not include an Extraordinary Dividend (as adjusted for any subsequent corporate event requiring an adjustment as described in this section, such as a stock split or reverse stock split) if such excess portion of the dividend or
distribution is more than 5.00% of the Closing Price of 

  
 10 

 
such Basket Stock on the Trading Day preceding the Ex-Dividend Date for the payment of such cash dividend or other cash distribution (such closing price, the “Extraordinary Dividend Base
Closing Price”) and (c) the full cash value of any non-cash dividend or distribution per share of a Basket Stock (excluding Marketable Securities, as defined below). 

If any Basket Stock is subject to an Extraordinary Dividend, then once the Extraordinary Dividend has become effective the Calculation Agent
will adjust the Exchange Ratio for such Basket Stock on the Ex-Dividend Date to equal the product of: 
  

	 	•	 	 the prior Exchange Ratio for such Basket Stock, and 

  

	 	•	 	 a fraction, the numerator of which is the Extraordinary Dividend Base Closing Price of such Basket Stock on the Trading Day preceding the
Ex-Dividend Date and the denominator of which is the amount by which the Extraordinary Dividend Base Closing Price of such Basket Stock on the Trading Day preceding the Ex-Dividend Date exceeds the Extraordinary Dividend. 

Notwithstanding anything herein, the initiation by the issuer of a Basket Stock of an Ordinary Dividend on such Basket Stock
or any announced increase in the Ordinary Dividend on such Basket Stock will not constitute an Extraordinary Dividend requiring an adjustment. 

To the extent an Extraordinary Dividend is not paid in cash or is paid in a currency other than U.S. dollars, the value of the
non-cash component or non-U.S. currency will be determined by the Calculation Agent, in its sole discretion. A distribution on a Basket Stock that is a dividend payable in shares of Basket Stock, an issuance of rights or warrants or a spin-off event
and also an Extraordinary Dividend will result in an adjustment to the number of shares of a Basket Stock only as described in “—Stock Dividends” above, “—Transferable Rights and Warrants” below or
“—Reorganization Events” below, as the case may be, and not as described here. 
 Transferable Rights and Warrants

 If the issuer of a Basket Stock issues transferable rights or warrants to all holders of such Basket Stock to
subscribe for or purchase such Basket Stock at an exercise price per share that is less than the Closing Price of such Basket Stock on the Trading Day before the Ex-Dividend Date for the issuance, then the Exchange Ratio for such Basket Stock will
be adjusted to equal the product of: 
  

	 	•	 	 the prior Exchange Ratio for such Basket Stock, and 

  

	 	•	 	 a fraction, (1) the numerator of which will be the number of shares of such Basket Stock outstanding at the close of trading on the Trading
Day before the Ex-Dividend Date (as adjusted for any subsequent event requiring an adjustment hereunder) plus the number of additional shares of such Basket Stock offered for subscription or purchase pursuant to the rights or warrants and
(2) the denominator of which will be the number of shares of such Basket Stock outstanding at the close of trading on the Trading Day before the Ex-Dividend Date (as adjusted for any subsequent event

  
 11 

	 	 
requiring an adjustment hereunder) plus the number of additional shares of such Basket Stock (referred to herein as the “Additional Shares”) that the aggregate offering price of
the total number of shares of such Basket Stock so offered for subscription or purchase pursuant to the rights or warrants would purchase at the Closing Price on the Trading Day before the Ex-Dividend Date for the issuance. 

The number of Additional Shares will be equal to: 
  

	 	•	 	 the product of (1) the total number of additional shares of such Basket Stock offered for subscription or purchase pursuant to the rights or
warrants and (2) the exercise price of the rights or warrants, divided by 

  

	 	•	 	 the Closing Price of such Basket Stock on the Trading Day before the Ex-Dividend Date for the issuance. 

If the number of shares of the Basket Stock actually delivered in respect of the rights or warrants differs from the number of
shares of the Basket Stock offered in respect of the rights or warrants, then the Exchange Ratio for such Basket Stock will promptly be readjusted to the Exchange Ratio for such Basket Stock that would have been in effect had the adjustment been
made on the basis of the number of shares of the Basket Stock actually delivered in respect of the rights or warrants. 

Reorganization Events 

Each of the following is a “Reorganization Event”: 

 

	 	•	 	 a Basket Stock is reclassified or changed (other than in a stock split or reverse stock split), 

 

	 	•	 	 the issuer of a Basket Stock has been subject to a merger, consolidation or other combination and either is not the surviving entity or is the
surviving entity but all outstanding shares of such Basket Stock are exchanged for or converted into other property, 

  

	 	•	 	 a statutory share exchange involving outstanding shares of a Basket Stock and the securities of another entity occurs, other than as part of an
event described above, 

  

	 	•	 	 a Basket Stock Issuer sells or otherwise transfers its property and assets as an entirety or substantially as an entirety to another entity,

  

	 	•	 	 a Basket Stock Issuer effects a spin-off, other than as part of an event described above (in a spin-off, a corporation issues to all holders of its
common stock equity securities of another issuer), or 

  

	 	•	 	 the issuer of a Basket Stock is liquidated, dissolved or wound up or is subject to a proceeding under any applicable bankruptcy, insolvency or
other similar law, or 

  
 12 

 
another entity completes a tender or exchange offer for all the outstanding shares of such Basket Stock. 

Adjustments for Reorganization Events 

If a Reorganization Event occurs with respect to a Basket Stock Issuer, then the Calculation Agent will adjust the applicable
Exchange Ratio to reflect the amount and type of property or properties—whether cash, securities, other property or a combination thereof—that a holder of one share of the applicable Basket Stock would have been entitled to receive in
relation to the Reorganization Event. This new property is referred to as the “Reorganization Property.” 

Reorganization Property can be classified into two categories: 

 

	 	•	 	 an equity security listed on a national securities exchange, which is generally referred to as a “Marketable Security” and, in
connection with a particular Reorganization Event, “New Stock,” which may include any tracking stock, any stock received in a spin-off (“Spin-Off Stock”) or any Marketable Security received in exchange for the
Basket Stock; and 

  

	 	•	 	 cash and any other property, assets or securities other than Marketable Securities (including equity securities that are not listed, that are
traded over the counter or that are listed on a non-U.S. securities exchange), which is referred to as “Non-Stock Reorganization Property.” 

For the purpose of making an adjustment required by a Reorganization Event, the Calculation Agent, in its sole discretion,
will determine the value of each type of the Reorganization Property. For purposes of valuing any New Stock, the Calculation Agent will use the Closing Price of the security on the relevant Trading Day. The Calculation Agent will value Non-Stock
Reorganization Property in any manner it determines, in its sole discretion, to be appropriate. In connection with a Reorganization Event in which Reorganization Property includes New Stock, for the purpose of determining the Exchange Ratio for any
New Stock as described below, the term “New Stock Reorganization Ratio” means the product of (i) the number of shares of the New Stock received with respect to one share of the applicable Basket Stock and (ii) the Exchange
Ratio for such Basket Stock on the Trading Day immediately prior to the effective date of the Reorganization Event. 
 If a
holder of shares of the applicable Basket Stock may elect to receive different types or combinations of types of Reorganization Property in the Reorganization Event, the Reorganization Property will consist of the types and amounts of each type
distributed to a holder of shares of such Basket Stock that makes no election, as determined by the Calculation Agent in its sole discretion. 

If any Reorganization Event occurs with respect to a Basket Stock Issuer, then on and after the effective date for such
Reorganization Event (or, if applicable, in the case of spinoff stock, the Ex-Dividend Date for the distribution of such spinoff stock) the term “Basket Stock” herein will be deemed to mean the following in respect of the applicable
original Basket Stock, and for each share of Basket Stock, New Stock and/or Replacement Stock so deemed to constitute Basket Stock, the applicable Exchange Ratio will be equal to the applicable number indicated: 

  
 13 

	 	(a)	 if the Basket Stock continues to be outstanding: 

  

	 	(1)	 that Basket Stock (if applicable, as reclassified upon the issuance of any tracking stock) at the Exchange Ratio in effect for that Basket Stock on
the Trading Day immediately prior to the effective date of the Reorganization Event; and 

  

	 	(2)	 if the Reorganization Property includes New Stock, a number of shares of New Stock equal to the New Stock Reorganization Ratio;

 provided that, if any Non-Stock Reorganization Property is received in the Reorganization
Event, the results of (a)(1) and (a)(2) above will each be multiplied by the “Gross-Up Multiplier,” which will be equal to a fraction, the numerator of which is the Closing Price of the Basket Stock on the Trading Day immediately
prior to the effective date of the Reorganization Event and the denominator of which is the amount by which such Closing Price of the Basket Stock exceeds the value of the Non-Stock Reorganization Property received per share of Basket Stock as
determined by the Calculation Agent as of the close of trading on such Trading Day; or 
  

	 	(b)	 if the Basket Stock is surrendered for Reorganization Property: 

 

	 	(1)	 that includes New Stock, a number of shares of New Stock equal to the New Stock Reorganization Ratio; provided that, if any Non-Stock
Reorganization Property is received in the Reorganization Event, such number will be multiplied by the Gross-Up Multiplier; or 

  

	 	(2)	 that consists exclusively of Non-Stock Reorganization Property: 

 

	 	(i)	 if the surviving entity has Marketable Securities outstanding following the Reorganization Event and either (A) such Marketable Securities
were in existence prior to such Reorganization Event or (B) such Marketable Securities were exchanged for previously outstanding Marketable Securities of the surviving entity or its predecessor (“Predecessor Stock”) in
connection with such Reorganization Event (in either case of (A) or (B), the “Successor Stock”), a number of shares of the Successor Stock determined by the Calculation Agent on the Trading Day immediately prior to the
effective date of such Reorganization Event equal to the Exchange Ratio in effect for the Basket Stock on the Trading Day immediately prior to the effective date of such Reorganization Event multiplied by a fraction, the numerator of which is the
value of the Non-Stock Reorganization Property per share of the Basket Stock on such Trading Day and the denominator of which is the Closing Price of the Successor Stock on such Trading Day (or, in the case of Predecessor Stock, the Closing Price of
the Predecessor Stock multiplied by the 

  
 14 

	 	 
number of shares of the Successor Stock received with respect to one share of the Predecessor Stock); or 

 

	 	(ii)	 if the surviving entity does not have Marketable Securities outstanding, or if there is no surviving entity (in each case, a “Replacement
Stock Event”), a number of shares of Replacement Stock (selected as defined below) with an aggregate value on the effective date of such Reorganization Event equal to the value of the Non-Stock Reorganization Property multiplied by the
Exchange Ratio in effect for the Basket Stock on the Trading Day immediately prior to the effective date of such Reorganization Event. 

If a Reorganization Event occurs with respect to the shares of a Basket Stock and the Calculation Agent adjusts the Exchange
Ratio of such Basket Stock to reflect the Reorganization Property in the event as described above, the Calculation Agent will make further antidilution adjustments for any later events that affect the Reorganization Property, or any component of the
Reorganization Property, comprising the new Exchange Ratio. The Calculation Agent will do so to the same extent that it would make adjustments if the shares of such Basket Stock were outstanding and were affected by the same kinds of events. If a
subsequent Reorganization Event affects only a particular component of the number of shares of such Basket Stock, the required adjustment will be made with respect to that component as if it alone were the number of shares of such Basket Stock. 

For purposes of adjustments for Reorganization Events, in the case of a consummated tender or exchange offer or going-private
transaction involving Reorganization Property of a particular type, Reorganization Property will be deemed to include the amount of cash or other property paid by the offeror in the tender or exchange offer with respect to such Reorganization
Property (in an amount determined on the basis of the rate of exchange in such tender or exchange offer or going-private transaction). In the event of a tender or exchange offer or a going-private transaction with respect to Reorganization Property
in which an offeree may elect to receive cash or other property, Reorganization Property will be deemed to include the kind and amount of cash and other property received by offerees who elect to receive cash. 

Replacement Stock Events 

Following the occurrence of a Replacement Stock Event described in paragraph (b)(2)(ii) above or in “—Delisting of
American Depositary Shares or Termination of American Depositary Receipt Facility” below, the amount of shares of a Basket Stock or cash, as applicable, payable on this Security upon exchange or redemption or at Maturity will be determined by
reference to a Replacement Stock and an Exchange Ratio (subject to any further antidilution adjustments) for such Replacement Stock as determined in accordance with the following paragraphs. 

  
 15 

 The “Replacement Stock” will be the stock having the closest
“Option Period Volatility” to the Basket Stock among the stocks that then comprise the Replacement Stock Selection Index (or, if publication of such index is discontinued, any successor or substitute index selected by the Calculation Agent
in its sole discretion) with the same GICS Code (as defined below) as the issuer of such Basket Stock; provided, however, that a Replacement Stock will not include (i) any stock that is subject to a trading restriction under the trading
restriction policies of the Company, the hedging counterparties of the Company or any of their affiliates that would materially limit the ability of the Company, the hedging counterparties of the Company or any of their affiliates to hedge this
Security with respect to such stock or (ii) any stock for which the aggregate number of shares to be referenced (equal to the product of (a) the Exchange Ratio that would be in effect immediately after selection of such stock as the
Replacement Stock and (b) the principal amount of this Security outstanding divided by $1,000) exceeds 25% of the ADTV (as defined in Rule 100(b) of Regulation M under the Exchange Act) for such stock as of the effective date of the
Replacement Stock Event (an “Excess ADTV Stock”). 
 If a Replacement Stock is selected in connection with
a Reorganization Event, the Exchange Ratio with respect to such Replacement Stock will be equal to the number of shares of such Replacement Stock with an aggregate value, based on the Closing Price on the effective date of such Reorganization Event,
equal to the product of (a) the value of the Non-Stock Reorganization Property received per share of the Basket Stock and (b) the Exchange Ratio in effect for such Basket Stock on the Trading Day immediately prior to the effective date of
such Reorganization Event. If Replacement Stock is selected in connection with an ADS Termination Event (as defined below), the Exchange Ratio with respect to such Replacement Stock will be equal to the number of shares of such Replacement Stock
with an aggregate value, based on the Closing Price on the Change Date (as defined below), equal to the product of (x) the Closing Price of the Basket Stock on the Change Date and (y) the Exchange Ratio in effect for such Basket Stock on
the Trading Day immediately prior to the Change Date. 
 The “Option Period Volatility” means, in respect
of any Trading Day, the volatility (calculated by referring to the Closing Price of the Basket Stock on its primary exchange) for a period equal to the 125 Trading Days immediately preceding the announcement date of the Reorganization Event, as
determined by the Calculation Agent. 
 “GICS Code” means the Global Industry Classification Standard
(“GICS”) sub-industry code assigned to the Basket Stock Issuer; provided, however, if (i) there is no other stock in the Replacement Stock Selection Index in the same GICS sub-industry or (ii) a Replacement Stock
(a) for which there is no trading restriction and (b) that is not an Excess ADTV Stock cannot be identified from the Replacement Stock Selection Index in the same GICS sub-industry, the GICS Code will mean the GICS industry code assigned
to such Basket Stock Issuer. If no GICS Code has been assigned to such Basket Stock Issuer, the applicable GICS Code will be determined by the Calculation Agent to be the GICS sub-industry code assigned to companies in the same sub-industry (or,
subject to the proviso in the preceding sentence, industry, as applicable) as such Basket Stock Issuer at the time of the relevant Replacement Stock Event. 

The “Replacement Stock Selection Index” means the S&P
500® Index. 

  
 16 

 Delisting of American Depositary Shares or Termination of American Depositary
Receipt Facility. If a Basket Stock is an ADS and such Basket Stock is no longer listed or admitted to trading on a U.S. securities exchange registered under the Exchange Act or included in the OTC Bulletin Board Service operated by the FINRA,
or if the American depositary receipt facility between the issuer of such Basket Stock and the depositary is terminated for any reason (each, an “ADS Termination Event”), then, on the last Trading Day on which such Basket Stock is
listed or admitted to trading or the last Trading Day immediately prior to the date of such termination, as applicable (the “Change Date”), a Replacement Stock Event shall be deemed to occur. 

 
  

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions
shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication
hereon has been executed by the Trustee referred to on the reverse hereof by manual signature or its duly authorized agent under the Indenture referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit
under the Indenture or be valid or obligatory for any purpose. 
 [The remainder of this page has been left intentionally blank] 

  
 17 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed
under its corporate seal. 
 DATED: April 22, 2014 
  

					
	WELLS FARGO & COMPANY
		
	By:	 	 
		 	 
		 	Its:	 	 

 [SEAL] 
  

					
	Attest:	 	 
		 	 
		 	Its:	 	 

 TRUSTEE’S CERTIFICATE OF 

AUTHENTICATION 
 This is one of the Securities of the 

series designated therein described 
 in the within-mentioned Indenture. 
  

			
	CITIBANK, N.A.,
	      as Trustee
		
	By:	 	 
		 	Authorized Signature
	
	OR
	
	WELLS FARGO BANK, N.A.,
    as Authenticating Agent for the Trustee
		
	By:	 	 
		 	Authorized Signature

  
 18 

 [Reverse of Note] 

WELLS FARGO & COMPANY 

MEDIUM-TERM NOTE, SERIES K 

Due Nine Months or More From Date of Issue 

Amended and Restated 0.125% Exchangeable Notes due March 2, 2016 

This Security is one of a duly authorized issue of securities of the Company (herein called the
“Securities”), issued and to be issued in one or more series under an indenture dated as of July 21, 1999, as amended or supplemented from time to time (herein called the “Indenture”), between the Company and
Citibank, N.A., as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is
one of the series of the Securities designated as Medium-Term Notes, Series K, of the Company, which series is limited to an aggregate principal amount or face amount, as applicable, of $25,000,000,000 or the equivalent thereof in one or more
foreign or composite currencies. The amount payable on the Securities of this series may be determined by reference to the performance of one or more equity-, commodity- or currency-based indices, exchange traded funds, securities, commodities,
currencies, statistical measures of economic or financial performance, or a basket comprised of two or more of the foregoing, or any other market measure or may bear interest at a fixed rate or a floating rate. The Securities of this series may
mature at different times, be redeemable at different times or not at all, be repayable at the option of the Holder at different times or not at all and be denominated in different currencies. 

Article Sixteen of the Indenture shall not apply to this Security. 

The Securities are issuable only in registered form without coupons and will be either
(a) book-entry securities represented by one or more Global Securities recorded in the book-entry system maintained by the Depositary or (b) certificated
securities issued to and registered in the names of, the beneficial owners or their nominees. 
 The Company agrees, to the
extent permitted by law, not to voluntarily claim the benefits of any laws concerning usurious rates of interest against a Holder of this Security. 

  
 19 

 Modification and Waivers 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights
and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the
Securities at the time Outstanding of all series to be affected, acting together as a class. The Indenture also contains provisions permitting the Holders of a majority in principal amount of the Securities of all series at the time Outstanding
affected by certain provisions of the Indenture, acting together as a class, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with those provisions of the Indenture. Certain past defaults under the
Indenture and their consequences may be waived under the Indenture by the Holders of a majority in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series. Solely for the
purpose of determining whether any consent, waiver, notice or other action or Act to be taken or given by the Holders of Securities pursuant to the Indenture has been given or taken by the Holders of Outstanding Securities in the requisite aggregate
principal amount, the principal amount of this Security will be deemed to be equal to the amount set forth on the face hereof as the “Principal Amount” hereof. Any such consent or waiver by the Holder of this Security shall be conclusive
and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon
this Security. 
 Defeasance 

Section 403 and Article Fifteen of the Indenture and the provisions of clause (ii) of Section 401(1)(B) of the
Indenture, relating to defeasance at any time of (a) the entire indebtedness on this Security and (b) certain restrictive covenants and certain Events of Default, upon compliance by the Company with certain conditions set forth therein,
shall not apply to this Security. The remaining provisions of Section 401 of the Indenture shall apply to this Security. 
 Authorized
Denominations 
 This Security is issuable only in registered form without coupons in denominations of $1,000 or any
amount in excess thereof which is an integral multiple of $1,000. 
 Registration of Transfer 

Upon due presentment for registration of transfer of this Security at the office or agency of the Company in the City of
Minneapolis, Minnesota, a new Security or Securities of this series, with the same terms as this Security, in authorized denominations for an equal aggregate principal amount will be issued to the transferee in exchange herefor, as provided in the
Indenture and subject to the limitations provided therein and to the limitations described below, without charge except for any tax or other governmental charge imposed in connection therewith. 

  
 20 

 This Security is exchangeable for definitive Securities in registered form only
if (x) the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for this Security or if at any time the Depositary ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as
amended, and a successor depositary is not appointed within 90 days after the Company receives such notice or becomes aware of such ineligibility, (y) the Company in its sole discretion determines that this Security shall be exchangeable
for definitive Securities in registered form and notifies the Trustee thereof or (z) an Event of Default with respect to the Securities represented hereby has occurred and is continuing. If this Security is exchangeable pursuant to the
preceding sentence, it shall be exchangeable for definitive Securities in registered form, having the same date of issuance, Stated Maturity Date and other terms and of authorized denominations aggregating a like amount. 

This Security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the
Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of the Depositary or a nominee of such successor. Except as provided above, owners of beneficial interests in this Global
Security will not be entitled to receive physical delivery of Securities in definitive form and will not be considered the Holders hereof for any purpose under the Indenture. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company
or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. 
 Obligation of the Company Absolute 

No reference herein to the Indenture and no provision of this Security or the Indenture shall alter or impair the obligation
of the Company, which is absolute and unconditional, to pay the principal of or interest on this Security (or amounts payable in connection with the exercise of the Exchange Right or the Redemption Right, as applicable) at the times, place and rate,
and in the coin or currency, herein prescribed, except as otherwise provided in this Security. 
 No Personal Recourse 

No recourse shall be had for the payment of the principal of or interest on this Security (or amounts payable in connection
with the exercise of the Exchange Right or the Redemption Right, as applicable), or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any
incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or
otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released. 

  
 21 

 Defined Terms 

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture
unless otherwise defined in this Security. 
 Governing Law 

This Security shall be governed by and construed in accordance with the law of the State of New York, without regard to
principles of conflicts of laws. 

  
 22 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they
were written out in full according to applicable laws or regulations: 
  

					
	 TEN COM
	 	  --  
	 	 as tenants in common

			
	 TEN ENT
	 	  --  
	 	 as tenants by the entireties

			
	 JT TEN
	 	  --  
	 	 as joint tenants with right

of survivorship and not
 as
tenants in common

  

									
	 UNIF GIFT MIN ACT
	 	  -- 
	 		 	 Custodian
	 	
		 		 	(Cust)	 		 	(Minor)

  

	
	Under Uniform Gifts to Minors Act
	
	   

	(State)

 Additional abbreviations may also be used though not in the above list. 

FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto 

 

	
	 Please Insert Social Security or
 Other
Identifying Number of Assignee

	   

  
  

 
  
  

 
 (PLEASE
PRINT OR TYPE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE)

  
 23 

 the within Security of WELLS FARGO & COMPANY and does hereby irrevocably constitute and
appoint                                      attorney to
transfer the said Security on the books of the Company, with full power of substitution in the premises. 
 Dated:
                                         
                    
  

	
	   

	
	   

 NOTICE: The signature to this assignment must correspond with the name as written upon the face of the
within instrument in every particular, without alteration or enlargement or any change whatever. 

  
 24 

 Annex A 

OFFICIAL NOTICE OF EXCHANGE 

Dated: On or after March 12, 2011 
  

			
	 Wells Fargo & Company

375 Park Avenue, 4th Floor

MAC J0127-045
 New York, NY
10152
 Facsimile No: (212) 214-5913

Telephone No: (212) 214-6101

Attention: Derivatives Structuring Group
	  	 Wells Fargo Securities, LLC

c/o Institutional Investor Solutions

    375 Park Avenue, 4th Floor

MAC J0127-045
 New York, NY
10152
 Facsimile No: (212) 214-6270/6271

Telephone No: (212) 214-8917

Attention: William Threadgill

 Dear Sirs or Madams: 

The undersigned beneficial owner of the Medium-Term Notes, Series K, 0.125% Exchangeable Notes due March 2, 2016 of Wells
Fargo & Company (CUSIP No. 94986RCZ2) (the “notes”) hereby irrevocably elects to exercise, with respect to the principal amount of the notes indicated below, as of the date hereof (or if this notice is received after
11:00 A.M., New York City time, on any business day, as of the next business day), provided that such a day is on or after March 12, 2011, and is on or before the earlier of (i) the trading day prior to the redemption notice date, if
applicable, and (ii) the fifth trading day before the stated maturity date. The exchange right is to be exercised as described under “Specific Terms of the Notes—Exchange Right,” in the Amended and Restated Pricing Supplement
No. 71 dated April 16, 2014 (the “pricing supplement”), relating to Registration Statement No. 333-180728. Terms not defined in this notice shall have their respective meanings as described in the pricing supplement.

 Please (i) date and acknowledge receipt of this Official Notice of Exchange in the place provided below, and fax a copy to the fax
number indicated and, if the exchange settlement date for this exchange falls after a record date and prior to the succeeding interest payment date, provide an amount of cash equal to the interest payable on the succeeding interest payment date with
respect to the principal of the notes to be exchanged. The amount of any such cash payment will be determined by the calculation agent and indicated in its acknowledgment of this Official Notice of Exchange. Wells Fargo will then deliver, in its
sole discretion, the shares of the basket stocks, using the exchange ratios in effect on the exchange notice date, or an equivalent amount in cash on the fifth business day after the exchange notice date, in accordance with the terms of the notes as
described in the pricing supplement. 
 The undersigned certifies to you that (i) it is, or is duly authorized to act for, the
beneficial owner of the notes to be exchanged (and attaches evidence of such ownership as provided by the undersigned’s position services department or the position services department of the entity through which the undersigned holds its
notes) and (ii) it will cause the principal amount of notes to be exchanged to be transferred to the paying agent on the exchange settlement date. 

 
					
	Very truly yours,
	
	   

	Name of Beneficial Owner
		
	 By:
  
	 	 
	Name
	   

	Title and/or Organization
	   

	Fax No./Direct No.
	$	 	 
	Principal amount of notes to be surrendered for exchange
	$	 	 
	Accrued interest, if any, due upon surrender of notes for exchange
	   

	Please specify: Exchange Notice Date

 Receipt of the above 

Official Notice of Exchange is hereby acknowledged. 
 WELLS FARGO
& COMPANY, as issuer 
 WELLS FARGO SECURITIES, LLC, as calculation agent 
  

			
	By:	 	 
		 	Title:
	
	Date and time of acknowledgment                         
	
	 Accrued interest, if any, due upon surrender of the

notes for exchange:
$                                         
       

  
 2EX-4.2

 Exhibit 4.2 

BIOMED REALTY, L.P., 

ISSUER, 
 BIOMED REALTY
TRUST, INC., 
 GUARANTOR, 

AND 
 U.S. BANK NATIONAL
ASSOCIATION, AS 
 TRUSTEE 
  

 
 SUPPLEMENTAL
INDENTURE NO. 3 
 DATED AS OF APRIL 23, 2014 

 
  

$400,000,000 
 2.625%
SENIOR NOTES DUE 2019 

 SUPPLEMENTAL INDENTURE NO. 3, dated as of April 23, 2014 (this
“Third Supplemental Indenture”), among BioMed Realty, L.P., a Maryland limited partnership (the “Company”), BioMed Realty Trust, Inc., a Maryland corporation (the
“Guarantor”), and U.S. Bank National Association, as trustee (the “Trustee”). 

R E C I T A L S 

WHEREAS, the Company and the Trustee have heretofore entered into an Indenture dated as of March 30, 2011, as amended by a
Supplemental Indenture No. 1 dated as of March 30, 2011 and a Supplemental Indenture No. 2 dated as of June 28, 2012 (the “Base Indenture”), providing for the issuance from time to time of debt securities of the
Company in one or more Series; 
 WHEREAS, Section 2.2 of the Base Indenture permits the Company and the Trustee to enter
into a supplemental indenture to the Base Indenture to establish the form, terms and conditions of Securities of any Series as permitted by the Base Indenture; 

WHEREAS, each of the Company and the Guarantor desires to execute this Third Supplemental Indenture to establish the form and to
provide for the issuance of a Series of the Company’s senior notes designated as its 2.625% Senior Notes due 2019 (the “Notes”) in an initial aggregate principal amount of $400,000,000; 

WHEREAS, the Guarantor will guarantee the due and punctual payment of the principal and interest on the Notes pursuant to
Article Five of this Third Supplemental Indenture; 
 WHEREAS, the Board of Directors of the Guarantor, as the sole general
partner of the Company, has duly adopted resolutions authorizing the Company to execute and deliver this Third Supplemental Indenture and the Board of Directors of the Guarantor has duly adopted resolutions authorizing such Guarantor to execute and
deliver this Third Supplemental Indenture; and 
 WHEREAS, all other conditions and requirements necessary to make this Third
Supplemental Indenture, when duly executed and delivered, a valid and binding agreement in accordance with its terms and for the purposes herein expressed, have been performed and fulfilled. 

NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

For and in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, each of the Company and the Guarantor agrees as follows: 

 ARTICLE ONE 

RELATION TO BASE INDENTURE 

SECTION 1.1. Relation to Base Indenture. 

This Third Supplemental Indenture constitutes an integral part of the Base Indenture. Notwithstanding any other provision of this Third
Supplemental Indenture, all provisions of this Third Supplemental Indenture are expressly and solely for the benefit of the Holders of the Notes and any such provisions shall not be deemed to apply to any other Securities issued under the Base
Indenture and shall not be deemed to amend, modify or supplement the Base Indenture for any purpose other than with respect to the Notes. 

ARTICLE TWO 
 DEFINITIONS

 SECTION 2.1. Definitions. For all purposes of this Third Supplemental Indenture, except as otherwise expressly provided
for or unless the context otherwise requires: 
 (a) capitalized terms used but not defined herein shall have the respective meanings
assigned to them in the Base Indenture; 
 (b) all references herein to Articles and Sections, unless otherwise specified, refer to the
corresponding Articles and Sections of this Third Supplemental Indenture; and 
 (c) as used herein the following terms have the following
meanings: 
 “Acquired Debt” means Debt of a person (1) existing at the time such person becomes a Subsidiary or
(2) assumed in connection with the acquisition of assets from such person, in each case, other than Debt incurred in connection with, or in contemplation of, such person becoming a Subsidiary or such acquisition. Acquired Debt shall be deemed
to be incurred on the date of the related acquisition of assets from any person or the date the acquired person becomes a Subsidiary. 

“Additional Notes” means additional Notes (other than the Initial Notes) issued under the Indenture in accordance with
Section 3.4 hereof, as part of the same series as the Initial Notes. 
 “Adjusted Treasury Rate” means, with respect
to any Redemption Date, the rate per year equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for such Redemption Date. 
 “Annual Debt Service Charge” as of any date means the amount of
interest expense determined on a consolidated basis in accordance with GAAP. 
 “Applicable Procedures” means, with respect
to any transfer or exchange of or for beneficial interests in any Global Note, the rules and procedures of the Depository, Euroclear and Clearstream that apply to such transfer or exchange. 

 “Authentication Order” means a Company Order to the Trustee to authenticate and
deliver the Notes. 
 “Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law for the relief of
debtors. 
 “Benefited Party” has the meaning set forth in Section 5.1 hereof. 

“Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having a maturity
comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the
remaining term of such Notes. 
 “Comparable Treasury Price” means, with respect to any Redemption Date, (1) the
average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or (2) if the Trustee obtains fewer than four such Reference Treasury Dealer
Quotations, the average of all such Reference Treasury Dealer Quotations. 
 “Consolidated Income Available for Debt
Service” means, for any period, Earnings from Operations of the Company and its Subsidiaries plus amounts which have been deducted, and minus amounts which have been added, for the following (without duplication): (1) Annual Debt
Service Charge of the Company and its Subsidiaries, (2) provision for taxes of the Company and its Subsidiaries based on income, (3) provisions for gains and losses on properties and depreciation and amortization, (4) increases in
deferred taxes and other non-cash items, (5) depreciation and amortization with respect to interests in joint venture and partially owned entity investments, (6) the effect of any charge resulting from a change in accounting principles in
determining Earnings from Operations for such period, and (7) amortization of deferred charges. 
 “Debt” means any of
the Company’s or any of its Subsidiaries’ indebtedness, whether or not contingent, in respect of (without duplication) (1) borrowed money evidenced by bonds, notes, debentures or similar instruments, (2) indebtedness secured by
any mortgage, pledge, lien, charge, encumbrance or any security interest existing on property owned by the Company or any of its Subsidiaries, but only to the extent of the lesser of (a) the amount of indebtedness so secured and (b) the
fair market value (determined in good faith by the Board of Directors) of the property subject to such mortgage, pledge, lien, charge, encumbrance or security interest, (3) the reimbursement obligations, contingent or otherwise, in connection
with any letters of credit actually issued or amounts representing the balance deferred and unpaid of the purchase price of any property or services, except any such balance that constitutes an accrued expense or trade payable, or all conditional
sale obligations or obligations under any title retention agreement, or (4) any lease of property by the Company or any of its Subsidiaries as lessee which is reflected on the Company’s consolidated balance sheet as a capitalized lease in
accordance with GAAP; but only to the extent, in the case of items of indebtedness under (1) through (3) above, that any such items (other than letters of credit) would appear as a liability on the Company’s consolidated balance sheet
in accordance with GAAP. The term “Debt” also includes, to the 

 
extent not otherwise included, any obligation of the Company or any of its Subsidiaries to be liable for, or to pay, as obligor, guarantor or otherwise (other than for purposes of collection in
the ordinary course of business or for the purposes of guaranteeing the payment of all amounts due and owing pursuant to leases to which the Company or any of its Subsidiaries are a party and have assigned its or their interest, provided that
such assignee of the Company or its Subsidiary is not in default of any amounts due and owing under such leases), Debt of another person (other than the Company or any of its Subsidiaries) (it being understood that Debt shall be deemed to be
incurred by the Company or any of its Subsidiaries whenever the Company or such Subsidiary shall create, assume, guarantee or otherwise become liable in respect thereof). 

“Defaulted Interest” has the meaning set forth in Section 3.6 hereof. 

“Definitive Note” means a certificated Note registered in the name of the Holder thereof and issued in accordance with
Section 3.13 hereof, substantially in the form of Exhibit A hereof except that such Note shall not bear the Global Note legend and shall not have the “Schedule of Exchanges of Interests in the Global Note” attached thereto.

 “Depository” means, with respect to the Notes, the Depository Trust Company and any successor thereto. 

“Earnings from Operations” means, for any period, net income or loss of the Company and its Subsidiaries, excluding
(1) provisions for gains and losses on sales of investments or joint ventures; (2) provisions for gains and losses on disposition of discontinued operations; (3) extraordinary and non-recurring items; and (4) impairment charges,
property valuation losses and non-cash charges necessary to record interest rate contracts at fair value; plus amounts received as rent under leases which are accounted for as financing arrangements net of related interest income, as reflected in
the consolidated financial statements of the Company and its Subsidiaries for such period determined in accordance with GAAP. 

“Event of Default” has the meaning set forth in Section 7.1 hereof. 

“Global Note” means, individually and collectively, each of the Notes in the form of a Global Security issued to the
Depository or its nominee, substantially in the form of Exhibit A. 
 “Guarantee Obligations” has the meaning set
forth in Section 5.1 hereof. 
 “Indenture” means the Base Indenture, as supplemented by the Third Supplemental
Indenture, as further supplemented, amended or restated. 
 “Indirect Participant” means a person who holds a beneficial
interest in a Global Note through a Participant. 
 “Initial Notes” means the first $400,000,000 aggregate principal amount
of Notes issued under this Third Supplemental Indenture on the date hereof. 
 “Initial Original Principal Amount” has the
meaning set forth in Section 3.4 hereof. 

 “Intercompany Debt” means Debt to which the only parties are any of the Company,
the Guarantor and any of their Subsidiaries; provided, however, that with respect to any such Debt of which the Company or the Guarantor is the borrower, such Debt is subordinate in right of payment to the Notes. 

“Interest Payment Date” has the meaning set forth in Section 3.5 hereof. 

“Maturity Date” has the meaning set forth in Section 3.5 hereof. 

“Notes” has the meaning specified in the third whereas clause hereof. The Initial Notes and the Additional Notes shall be
treated as a single class for all purposes under the Indenture, and unless the context otherwise requires, all references to the Notes shall include the Initial Notes and any Additional Notes. 

“Participant” means, with respect to the Depository, Euroclear or Clearstream, a person who has an account with the
Depository, Euroclear or Clearstream, respectively. 
 “Primary Treasury Dealer” means a primary U.S. Government Securities
dealer. 
 “Prospectus” means the base prospectus, dated August 31, 2012, included as part of a registration statement
on Form S-3 under Securities Act, filed by the Guarantor with the SEC on August 31, 2012 (File Nos. 333-183669 and 333-183669-01), as supplemented by a prospectus supplement, dated April 15, 2014, filed by the Company and the Guarantor
with the SEC pursuant to Rule 424(b) under the Securities Act. 
 “Quotation Agent” means the Reference Treasury Dealer
appointed by the Company. 
 “Record Date” has the meaning set forth in Section 3.5 hereof. 

“Redemption Date” means, with respect to any Note or portion thereof to be redeemed in accordance with the provisions of
Section 4.1 hereof, the date fixed for such redemption in accordance with the provisions of Section 4.1 hereof. 

“Redemption Price” has the meaning specified in Section 4.1 hereof. 

“Reference Treasury Dealer” means (1) Deutsche Bank Securities Inc. or its successor, (2) a Primary Treasury Dealer
selected by Wells Fargo Securities, LLC, and (3) any two other Primary Treasury Dealers selected by the Company; provided, however, that in each case if any Reference Treasury Dealer ceases to be a Primary Treasury Dealer, the
Company will substitute therefor another Primary Treasury Dealer.
 “Reference Treasury Dealer Quotation” means, with
respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Company, of the bid and ask prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in
writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 

 “Securities Act” means the Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder, as in effect from time to time. 
 “Significant Subsidiary” has the meaning set forth
in Section 7.1(c) hereof. 
 “Total Assets” as of any date means the sum of (1) the Company’s and all of its
Subsidiaries’ Undepreciated Real Estate Assets and (2) all of the Company’s and all of its Subsidiaries’ other assets determined in accordance with GAAP (but excluding accounts receivable and acquisition intangibles, including
goodwill). 
 “Undepreciated Real Estate Assets” as of any date means the cost (original cost plus capital improvements) of
the Company’s and its Subsidiaries’ real estate assets on such date, before depreciation and amortization determined on a consolidated basis in accordance with GAAP. 

“Unencumbered Total Asset Value” as of any date means the sum of (1) those Undepreciated Real Estate Assets not
encumbered by any mortgage, lien, charge, pledge or security interest and (2) all of the Company’s and its Subsidiaries’ other assets on a consolidated basis determined in accordance with GAAP (but excluding accounts receivable and
acquisition intangibles, including goodwill), in each case which are unencumbered by any mortgage, lien, charge, pledge or security interest; provided, however, that in determining Unencumbered Total Asset Value for purposes of this Third
Supplemental Indenture, all investments by the Guarantor and any of its Subsidiaries in unconsolidated joint ventures, unconsolidated limited partnerships, unconsolidated limited liability companies and other unconsolidated entities accounted for
financial reporting purposes using the equity method of accounting in accordance with GAAP shall be excluded from Unencumbered Total Asset Value. 

ARTICLE THREE 
 THE
SERIES OF NOTES 
 SECTION 3.1. Title of the Securities. 

There shall be a Series of Securities designated the 2.625% Senior Notes due 2019. 

SECTION 3.2. Price. 

The Initial Notes shall be issued at a public offering price of 99.408% of the principal amount thereof, other than any offering discounts
pursuant to the initial offering and resale of the Notes. 
 SECTION 3.3. Issuance 

The Notes will be issued only in fully registered, book-entry form, in minimum denominations of $2,000 and integral multiples of $1,000 in
excess thereof. The registered Holder of a Note will be treated as its owner for all purposes. 
 SECTION 3.4. Limitation on
Aggregate Principal Amount. 

 The aggregate principal amount of the Notes shall initially be limited to $400,000,000 (the
“Initial Original Principal Amount”). Notwithstanding the foregoing, the Company, without notice to or the consent of the Holders of the Notes, by Board Resolutions or indentures supplemental to the Base Indenture from time to time
may increase the principal amount of the Notes by issuing Additional Notes in the future on the same terms and conditions as the Initial Notes except for any difference in the issue price and interest accrued prior to the issue date of the
Additional Notes, and with the same CUSIP number as the Initial Notes so long as such Additional Notes are fungible for U.S. income tax purposes with the Initial Notes. Except as provided in this Section 3.4, any such Board Resolutions or
indentures supplemental to the Base Indenture and in Section 2.8 of the Base Indenture, the Company shall not execute and the Trustee shall not authenticate or deliver Notes in excess of the Initial Original Principal Amount. 

Nothing contained in this Section 3.4 or elsewhere in this Third Supplemental Indenture, or in the Notes, is intended to or shall limit
execution by the Company or authentication or delivery by the Trustee of the Notes under the circumstances contemplated in Sections 2.3, 2.8, 2.11 and 3.6 of the Base Indenture. 

SECTION 3.5. Interest and Interest Rates; Maturity Date of Notes. 

The Notes will bear interest at a rate of 2.625% per annum from April 23, 2014 or from the immediately preceding Interest Payment
Date to which interest has been paid or duly provided for, payable semi-annually in arrears on May 1 and November 1 of each year, commencing November 1, 2014 (each, an “Interest Payment Date”), to the person in whose
name such Note is registered at the close of business on April 15 or October 15 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date (each, a “Record Date”). Interest will
be computed on the basis of a 360-day year composed of twelve 30-day months. 
 If any Interest Payment Date, Maturity Date or Redemption
Date falls on a day that is not a Business Day, the required payment shall be made on the next Business Day as if it were made on the date such payment was due and no interest shall accrue on the amount so payable for the period from and after such
Interest Payment Date, Maturity Date or Redemption Date, as the case may be. 
 The Notes will mature on May 1, 2019 (the
“Maturity Date”). 
 SECTION 3.6. Method of Payment. 

The Company covenants and agrees that it will duly and punctually pay or cause to be paid when due the principal of (including the Redemption
Price upon redemption pursuant to Article Four, if applicable), and interest on each of the Securities at the places, at the respective times and in the manner provided herein and in the Securities; provided that the Company may withhold from
payments of interest and upon redemption pursuant to Article Four hereof, if applicable, maturity or otherwise, any amounts the Company is required to withhold by law. Interest shall be payable at the office of the Company maintained by the Company
for such purposes, which shall initially be an office or agency of the Trustee. The Company shall pay interest (i) on any Notes in certificated form by check mailed to the address of the person entitled

 
thereto as it appears in the register; provided, however, that a Holder of any Notes in certificated form in the aggregate principal amount of more than $2.0 million may specify by
written notice to the Company that it pay interest by wire transfer of immediately available funds to the account specified by the Holder in such notice, or (ii) on any Global Note by wire transfer of immediately available funds to the account
of the Depository or its nominee. Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any May 1 or November 1 (herein called “Defaulted Interest”) shall forthwith cease to be
payable to the Holder registered as such on the relevant Record Date, and such Defaulted Interest shall 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 Notes are registered at 5:00 p.m., New
York City time, 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 Note
and the date of the proposed payment (which shall be not less than twenty-five (25) calendar days after the receipt by the Trustee of such notice, unless the Trustee shall consent to an earlier date), and at the same time the Company shall
deposit with the Trustee an amount of monies equal to the aggregate amount to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit on or prior to the date of the proposed payment, such
monies 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 fifteen (15) calendar days and not less than ten (10) calendar days prior to the date of the proposed payment, and not less than ten (10) calendar days after the receipt by the Trustee of the notice of the proposed
payment (unless, the Trustee shall consent to an earlier date). The Trustee shall promptly notify the Company of such special record date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such
Defaulted Interest and the special record date therefor to be mailed (or sent by electronic transmission), first-class postage prepaid, to each Holder at its address as it appears in the register, not less than ten (10) calendar days prior to
such special record date (unless, the Trustee shall consent to an earlier date). Notice of the proposed payment of such Defaulted Interest and the special record date therefor having been so mailed, such Defaulted Interest shall be paid to the
persons in whose names the Notes are registered at 5:00 p.m., New York City time, on such special record date and shall no longer be payable pursuant to the following clause (2) of this Section 3.6. 

(2) The Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities
exchange or automated quotation system on which the Notes may be listed or designated for issuance, and upon such notice as may be required by such exchange or automated quotation system, 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. 
 SECTION 3.7.
Currency. 
 Principal and interest on the Notes shall be payable in Dollars. 

 SECTION 3.8. No Sinking Fund. 

The provisions of Article XI of the Base Indenture shall not be applicable to the Notes. 

SECTION 3.9. No Conversion or Exchange Rights. 

The Notes will not be convertible into or exchangeable for any capital stock of the Company or the Guarantor. 

SECTION 3.10. No Personal Liability of Directors, Officers, Employees and Stockholders 

No director, officer, employee or stockholder (past or present) of the Company or the Guarantor, as such, will have any liability for any of
the Company’s or the Guarantor’s obligations under the Notes, the Guarantee or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and
releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 
 SECTION 3.11.
[Reserved]. 
 [Reserved] 

SECTION 3.12. Registered Securities; Global Form. 

The Notes will be issued in the form of one or more fully-registered Global Notes in book-entry form, which will be deposited with, or on
behalf of, the Depository, in New York, New York. The Notes shall not be issuable in Definitive Notes except as provided in Section 3.13 of this Third Supplemental Indenture. The Notes and the Trustee’s certificate of authentication shall
be substantially in the form attached as Exhibit A hereto. The Company shall execute each Global Note and each Definitive Note, if any. The Trustee shall, in accordance with Section 2.3 of the Base Indenture, authenticate and hold each
Global Note as custodian for the Depository, and authenticate each Definitive Note, if any. Each Global Note will represent such of the outstanding Notes as will be specified therein and each shall provide that it represents the aggregate principal
amount of outstanding Notes from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any
endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes represented thereby will be made by the Trustee or a custodian at the direction of the Trustee. The terms and
provisions contained in the form of Note attached as Exhibit A hereto shall constitute, and are hereby expressly made, a part of the Indenture and, to the extent applicable, the Company and the Trustee, by their execution and delivery of this Third
Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. 
 SECTION 3.13. Transfer and
Exchange. 
 (a) Transfer and Exchange of Global Notes. A Global Note may not be transferred except as a whole by the Depository
to a nominee of the Depository, by a nominee of the 

 
Depository to the Depository or to another nominee of the Depository, or by the Depository or any such nominee to a successor Depository or a nominee of such successor Depository. All Global
Notes will be exchanged by the Company for Definitive Notes if: 
 (i) the Company delivers to the Trustee notice from the
Depository that it is unwilling or unable to continue to act as Depository or that it is no longer a clearing agency registered under the Exchange Act and, in either case, a successor Depository is not appointed by the Company within ninety
(90) days after the date of such notice from the Depository; or 
 (ii) the Company in its sole discretion determines
that the Global Notes (in whole but not in part) should be exchanged for Definitive Notes and delivers a written notice to such effect to the Trustee. 

Upon the occurrence of either of the preceding events in (i) or (ii) above, Definitive Notes shall be issued in such names as the
Depository shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.8 and 2.11 of the Base Indenture. Every Note authenticated and delivered in exchange for, or in lieu of, a Global
Note or any portion thereof, pursuant to this Section 3.13 or Section 2.8 and 2.11 of the Base Indenture, shall be authenticated and delivered in the form of, and shall be, a Global Note. A Global Note may not be exchanged for another Note
other than as provided in this Section 3.13(a), however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 3.13(c) or (d) hereof. 

(b) Legend. Any Global Note issued under this Third Supplemental Indenture shall bear a legend in substantially the following form:

 “THIS GLOBAL NOTE IS HELD BY THE DEPOSITORY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE
BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 3.13 OF THE THIRD SUPPLEMENTAL INDENTURE, (2) THIS
GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 3.13 OF THE THIRD SUPPLEMENTAL INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.12 OF THE BASE INDENTURE AND
(4) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITORY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
 UNLESS AND UNTIL IT IS EXCHANGED IN
WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE
DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK)
(“DTC”) TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH 

 
OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.” 

(c) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer and exchange of beneficial interests in the Global
Notes will be effected through the Depository, in accordance with the provisions of the Indenture and the Applicable Procedures. Transfers of beneficial interests in the Global Notes will require compliance with either subparagraph (1) or
(2) below, as applicable, as well as one or more of the other following subparagraphs, as applicable: 
 (1) Transfer of Beneficial
Interests in the Same Global Note. Beneficial interests in any Global Note may be transferred to persons who take delivery thereof in the form of a beneficial interest in a Global Note. No written orders or instructions shall be required to be
delivered to the Registrar to effect the transfers described in this Section 3.13(c)(1). 
 (2) All Other Transfers of Beneficial
Interests in Global Notes. In connection with all transfers of beneficial interests that are not subject to Section 3.13(c)(1) above, the transferor of such beneficial interest must deliver to the Registrar both: 

(i) a written order from a Participant or an Indirect Participant given to the Depository in accordance with the Applicable
Procedures directing the Depository to credit or cause to be credited a beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(ii) instructions given in accordance with the Applicable Procedures containing information regarding the Participant account
to be credited with such increase. 
 Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in
Global Notes contained in the Indenture and the Notes or otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant Global Note(s) pursuant to Section 3.13(i) hereof. 

(d) Transfer and Exchange of Beneficial Interests in Global Notes for Definitive Notes. If any holder of a beneficial interest in a
Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a person who takes delivery thereof in the form of a Definitive Note, then, upon satisfaction of the conditions set forth in
Section 3.13(c)(2) hereof, the Trustee will cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 3.13(g) hereof, and the Company will execute and the Trustee will authenticate and
deliver to the person designated in the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 3.13(d) will be registered in such name or
names and in such authorized denomination or denominations as the holder of such beneficial interest requests through instructions to the Registrar from or through the Depository and the Participant or Indirect Participant. The Trustee will deliver
such Definitive Notes to the persons in whose names such Notes are so registered. 

 (e) Transfer and Exchange of Definitive Notes for Beneficial Interests in Global Notes. A
Holder of a Definitive Note may exchange such Note for a beneficial interest in a Global Note or transfer such Definitive Notes to a person who takes delivery thereof in the form of a beneficial interest in a Global Note at any time. Upon receipt of
a request for such an exchange or transfer, the Trustee will cancel the applicable Definitive Note and increase or cause to be increased the aggregate principal amount of one of the Global Notes. 

If any such exchange or transfer from a Definitive Note to a beneficial interest is effected pursuant to the previous paragraph at a time when
a Global Note has not yet been issued, the Company will issue and, upon receipt of an Authentication Order in accordance with Section 3.13 hereof, the Trustee will authenticate one or more Global Notes in an aggregate principal amount equal to
the principal amount of Definitive Notes so transferred. 
 (f) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon
request by a Holder of Definitive Notes and such Holder’s compliance with the provisions of this Section 3.13(f), the Registrar will register the transfer or exchange of Definitive Notes. Prior to such registration of transfer or exchange,
the requesting Holder will present or surrender to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or by his attorney, duly
authorized in writing. A Holder of Definitive Notes may transfer such Notes to a person who takes delivery thereof in the form of a Definitive Note. Upon receipt of a request to register such a transfer, the Registrar shall register the Definitive
Notes pursuant to the instructions from the Holder thereof. 
 (g) Cancellation and/or Adjustment of Global Notes. At such time as
all beneficial interests in a particular Global Note have been exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note will be returned to or retained and
canceled by the Trustee in accordance with Section 2.12 of the Base Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a person who will take delivery thereof in the
form of a beneficial interest in another Global Note or for Definitive Notes, the principal amount of Notes represented by such Global Note will be reduced accordingly and an endorsement will be made on such Global Note by the Trustee or by the
Depository at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a person who will take delivery thereof in the form of a beneficial interest in another Global Note, such
other Global Note will be increased accordingly and an endorsement will be made on such Global Note by the Trustee or by the Depository at the direction of the Trustee to reflect such increase. 

SECTION 3.14. General Provisions Relating to Transfers and Exchanges 

(a) To permit registrations of transfers and exchanges, the Company will execute and the Trustee will authenticate Global Notes and Definitive
Notes upon receipt of an Authentication Order in accordance with Section 3.13 hereof or at the Registrar’s request. 
 (b) No
service charge will be made to a Holder of a beneficial interest in a Global Note or to a Holder of a Definitive Note for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or
similar governmental charge payable in connection therewith (other than any such transfer taxes or similar 

 
governmental charge payable upon exchange or transfer pursuant to Sections 2.11 and 9.6 of the Base Indenture). 

(c) The Registrar will not be required to register the transfer of or exchange of any Note selected for redemption in whole or in part, except
the unredeemed portion of any Note being redeemed in part. 
 (d) All Global Notes and Definitive Notes issued upon any registration of
transfer or exchange of Global Notes or Definitive Notes will be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under the Indenture, as the Global Notes or Definitive Notes surrendered upon such
registration of transfer or exchange. 
 (e) Neither the Registrar nor the Company will be required: 

(i) to issue, register the transfer of or to exchange any Note during a period beginning at the opening of business fifteen
(15) days before any selection of Notes for redemption under Article Four hereof and ending at the close of business on the earliest date on which the relevant notice of redemption is deemed to have been given to all Holders of Notes to be so
redeemed; or 
 (ii) to register the transfer of or to exchange any Note so selected for redemption in whole or in part,
except the unredeemed portion of any Note being redeemed in part; or 
 (iii) to register the transfer of or to exchange a
Note between a Record Date and the next succeeding Interest Payment Date. 
 (f) Prior to due presentment for the registration of a transfer
of any Note, the Trustee, any Agent and the Company may deem and treat the person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Notes and for all
other purposes, and none of the Trustee, any Agent or the Company shall be affected by notice to the contrary. 
 (g) The Trustee will
authenticate Global Notes and Definitive Notes in accordance with the provisions of Section 2.3 of the Base Indenture. 
 (h) All
certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this Section 3.14 to effect a registration of transfer or exchange may be submitted by facsimile. 

ARTICLE FOUR 
 REDEMPTION

 The provisions of Article III of the Base Indenture, as amended by the provisions of this Third Supplemental Indenture, shall apply
to the Notes. 
 SECTION 4.1. Optional Redemption. 

(a) At any time before the date that is thirty (30) days prior to the Maturity Date, the Company shall have the right to redeem the
Notes at its option and in its sole discretion, in whole or from time to time in part. The redemption price (“Redemption Price”) will equal the greater of (i) 100% of the principal amount of the Notes to be redeemed plus unpaid
interest, if any, 

 
accrued thereon to, but excluding, the Redemption Date; provided, however, that if the Redemption Date falls after a Record Date and on or prior to the corresponding Interest
Payment Date, the Company will pay the full amount of accrued and unpaid interest, if any, on such Interest Payment Date to the Holder of record at the close of business on the corresponding Record Date (instead of the Holder surrendering its Notes
for redemption) and the Redemption Price shall be equal to 100% of the principal amount of the Notes to be redeemed or (ii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and
interest thereon (not including any portion of such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted
Treasury Rate plus 20 basis points (0.20% or twenty one-hundredths of one percent), plus accrued and unpaid interest thereon to, but excluding, the Redemption Date. Notwithstanding the foregoing, if the Notes are redeemed on or after the date that
is thirty (30) days prior to the Maturity Date, the Redemption Price will be equal to 100% of the principal amount of the Notes being redeemed plus unpaid interest, if any, accrued thereon to, but excluding, the Redemption Date. 

(b) The Company shall not redeem the Notes pursuant to Section 4.1(a) on any date if the principal amount of the Notes has been
accelerated, and such an acceleration has not been rescinded or cured on or prior to such date (except in the case of an acceleration resulting from a default by the Company in the payment of the Redemption Price with respect to the Notes to be
redeemed). 
 SECTION 4.2. Notice of Optional Redemption; Selection of Notes. 

In case the Company shall desire to exercise the right to redeem all or, as the case may be, any part of the Notes pursuant to
Section 4.1 hereof, it shall fix a date for redemption and it or, at its written request received by the Trustee not fewer than five (5) Business Days prior (or such shorter period of time as may be acceptable to the Trustee) to the date
the notice of redemption is to be mailed, the Trustee in the name of and at the expense of the Company, shall mail or cause to be mailed a notice of such redemption not fewer than fifteen (15) calendar days nor more than forty-five
(45) calendar days prior to the Redemption Date to each Holder of Notes so to be redeemed in whole or in part at its last address as the same appears on the register; provided that if the Company makes such request of the Trustee, it
shall, together with such request, also give written notice of the Redemption Date to the Trustee; provided further that the text of the notice shall be prepared by the Company. Such mailing shall be by first-class mail. The notice, if mailed
in the manner herein provided, shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice. In any case, failure to give such notice by mail or any defect in the notice to the Holder of any Note designated
for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any other Note. 
 Each such
notice of redemption shall specify: (i) the aggregate principal amount of Notes to be redeemed, (ii) the CUSIP number or numbers, if any, of the Notes being redeemed, (iii) the Redemption Date (which shall be a Business Day),
(iv) the Redemption Price at which Notes are to be redeemed, (v) the place or places of payment and that payment will be made upon presentation and surrender of such Notes and (vi) that interest accrued and unpaid to, but

 
excluding, the Redemption Date will be paid as specified in said notice, and that on and after said date interest thereon or on the portion thereof to be redeemed will cease to accrue. If fewer
than all the Notes are to be redeemed, the notice of redemption shall identify the Notes to be redeemed (including CUSIP numbers, if any). In case any Note is to be redeemed in part only, the notice of redemption shall state the portion of the
principal amount thereof to be redeemed and shall state that, on and after the Redemption Date, upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion thereof will be issued. 

Whenever any Notes are to be redeemed, the Company will give the Trustee written notice of the Redemption Date as to the aggregate principal
amount of Notes to be redeemed not fewer than fifteen (15) calendar days (or such shorter period of time as may be acceptable to the Trustee) prior to the Redemption Date; provided, however, that in the event the Company requests that
the Trustee send notice of redemption to Holders, such written notice of the Redemption Date from the Company will be provided to the Trustee not fewer than twenty (20) calendar days (or such shorter period of time as may be acceptable to the
Trustee) prior to the Redemption Date. 
 On or prior to the Redemption Date specified in the notice of redemption given as provided in this
Section 4.2, the Company will deposit with the Paying Agent an amount of monies in immediately available funds sufficient to redeem on the Redemption Date all the Notes (or portions thereof) so called for redemption at the appropriate
Redemption Price; provided that if such payment is made on the Redemption Date, it must be received by the Paying Agent, by 11:00 a.m., New York City time, on such date. 

If less than all of the outstanding Notes are to be redeemed, the Trustee shall select the Notes or portions thereof of the Global Note or the
Notes in certificated form to be redeemed (in principal amounts of $2,000 and integral multiples of $1,000 in excess thereof), on a pro rata basis or such other method the Trustee deems fair and appropriate or is required by the Depository. The
Notes (or portions thereof) so selected for redemption shall be deemed duly selected for redemption for all purposes hereof. 

SECTION 4.3. Payment of Notes Called for Redemption by the Company. If notice of redemption has been given as provided in
Section 4.2, the Notes or portion of Notes with respect to which such notice has been given shall become due and payable on the Redemption Date and at the place or places stated in such notice at the Redemption Price, and unless the Company
shall default in the payment of such Notes at the Redemption Price, so long as the Paying Agent holds funds sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date, then (a) such Notes will cease to be
outstanding on and after the Redemption Date, (b) interest on the Notes or portion of Notes so called for redemption shall cease to accrue on and after the Redemption Date, (c) on and after the Redemption Date (unless the Company shall
default in the payment of the Redemption Price), such Notes will cease to be entitled to any benefit or security under this Indenture, and (d) the Holders of the Notes shall have no right in respect of such Notes except the right to receive the
Redemption Price thereof. On presentation and surrender of such Notes at a place of payment in said notice specified, the said Notes or the specified portions thereof shall be paid and redeemed by the Company at the Redemption Price, together with
interest accrued thereon to, but excluding, the Redemption Date. 
 Upon presentation of any Note redeemed in part only, the Company shall
execute and the Trustee shall authenticate and make available for delivery to the Holder thereof, at the expense of the Company, a new Note or Notes, of authorized denominations, in principal amount equal to the unredeemed portion of the Notes so
presented. 

 ARTICLE FIVE 

GUARANTEE 
 This Article
Five shall replace Article XII of the Base Indenture with respect to the Notes only. 
 SECTION 5.1 Guarantee. 

By its execution hereof, the Guarantor acknowledges and agrees that the Notes shall be entitled to the benefits of a Guarantee. Accordingly,
subject to the provisions of this Article, the Guarantor hereby unconditionally guarantees to each Holder of a Note authenticated and delivered by the Trustee and its successors and assigns that: (i) the principal of (including the Redemption
Price upon redemption pursuant to Article Four), premium, if any, and interest, if any, on the Notes shall be duly and punctually paid in full when due, whether at the Maturity, upon acceleration, upon redemption or otherwise, and interest on
overdue principal, premium, if any, and (to the extent permitted by law) interest on any interest, if any, on the Notes and all other obligations of the Company to the Holders or the Trustee hereunder or under the Notes (including fees, expenses or
other) shall be promptly paid in full or performed, all in accordance with the terms hereof; and (ii) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, the same shall be promptly paid in full
when due or performed in accordance with the terms of the extension or renewal, whether at the Maturity, by acceleration, call for redemption or otherwise, subject, however, in the case of clauses (i) and (ii) above, to the limitations set
forth in this Article (collectively, the “Guarantee Obligations”). 
 Subject to the provisions of this Article, the
Guarantor hereby agrees that its Guarantee hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder
of the Notes with respect to any thereof, the entry of any judgment against the Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of the Guarantor. The
Guarantor hereby waives and relinquishes: (a) any right to require the Trustee, the Holders or the Company (each, a “Benefited Party”) to proceed against the Company or any other person or to proceed against or exhaust any
security held by a Benefited Party at any time or to pursue any other remedy in any secured party’s power before proceeding against the Guarantor; (b) any defense that may arise by reason of the incapacity, lack of authority, death or
disability of any other person or persons or the failure of a Benefited Party to file or enforce a claim against the estate (in administration, bankruptcy or any other proceeding) of any other person or persons; (c) demand, protest and notice
of any kind (except as expressly required by the Indenture), including but not limited to notice of the existence, creation or incurring of any new or additional indebtedness or obligation or of any action or non-action on the part of the Guarantor,
the Company, any Benefited Party, any creditor of the Guarantor or the Company or on the part of any other person whomsoever in connection with any obligations the performance of which are hereby guaranteed; (d) any defense based upon an
election of remedies by a Benefited Party, including but not limited to an election to proceed against the Guarantor for reimbursement; (e) any defense based upon any statute or rule of law which provides that the obligation of a surety must be
neither larger in amount nor in other respects more burdensome than that of the principal; (f) any defense arising because of a Benefited Party’s election, in any proceeding instituted under the Bankruptcy Law, 

 
of the application of Section 1111(b)(2) of the Bankruptcy Law; and (g) any defense based on any borrowing or grant of a security interest under Section 364 of the Bankruptcy Law.
The Guarantor hereby covenants that, except as otherwise provided therein, the Guarantee shall not be discharged except by payment in full of all Guarantee Obligations, including the principal, premium, if any, and interest on the Notes and all
other costs provided for under the Indenture. 
 If any Holder or the Trustee is required by any court or otherwise to return to either the
Company or the Guarantor, or any trustee or similar official acting in relation to either the Company or the Guarantor, any amount paid by the Company or the Guarantor to the Trustee or such Holder, the Guarantee, to the extent theretofore
discharged, shall be reinstated in full force and effect. The Guarantor agrees that it shall not be entitled to any right of subrogation in relation to the Holders in respect of any Guarantee Obligations hereby until payment in full of all such
obligations guaranteed hereby. The Guarantor agrees that, as between it, on the one hand, and the Holders of Notes and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in
Article VI of the Base Indenture for the purposes hereof, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the Guarantee Obligations, and (y) in the event of any acceleration of such
obligations as provided in Article VI of the Base Indenture, such Guarantee Obligations (whether or not due and payable) shall forthwith become due and payable by the Guarantor for the purpose of the Guarantee. 

SECTION 5.2 Execution and Delivery of Guarantee. 

(a) To evidence the Guarantee set forth in Section 5.1 hereof, the Guarantor agrees that a Notation of Guarantee substantially in the
form included in Exhibit B hereto shall be endorsed on each Note authenticated and delivered by the Trustee and that this Third Supplemental Indenture shall be executed on behalf of the Guarantor by an Officer of the Guarantor. 

(b) The Guarantor agrees that the Guarantee set forth in this Article Five shall remain in full force and effect and apply to all the Notes
notwithstanding any failure to endorse on each Note a notation of the Guarantee. 
 (c) If an Officer whose facsimile signature is on a Note
or a notation of Guarantee no longer holds that office at the time the Trustee authenticates the Note on which the Guarantee is endorsed, the Guarantee shall be valid nevertheless. 

(d) The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Guarantee set
forth in this Third Supplemental Indenture on behalf of the Guarantor. 
 SECTION 5.3 Limitation of Guarantor’s Liability;
Certain Bankruptcy Events. 
 (a) The Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of
all such parties that the Guarantee Obligations of the Guarantor pursuant to its Guarantee not constitute a fraudulent transfer or conveyance for purposes of any Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer
Act or any similar federal or state law. To effectuate the foregoing intention, the Holders and the Guarantor hereby irrevocably agree that the Guarantee Obligations of the Guarantor under this Article Five shall be limited to the maximum amount as
shall, after giving effect to all other contingent and 

 
fixed liabilities of the Guarantor, result in the Guarantee Obligations of the Guarantor under the Guarantee not constituting a fraudulent transfer or conveyance. 

(b) The Guarantor hereby covenants and agrees, to the fullest extent that it may do so under applicable law, that in the event of the
insolvency, bankruptcy, dissolution, liquidation or reorganization of the Company, the Guarantor shall not file (or join in any filing of), or otherwise seek to participate in the filing of, any motion or request seeking to stay or to prohibit (even
temporarily) execution on the Guarantee and hereby waives and agrees not to take the benefit of any such stay of execution, whether under Section 362 or 105 of the Bankruptcy Law or otherwise. 

SECTION 5.4 Application of Certain Terms and Provisions to the Guarantor. 

(a) For purposes of any provision of the Indenture which provides for the delivery by the Guarantor of an Officers’ Certificate and/or an
Opinion of Counsel, the definitions of such terms in Section 1.1 of the Base Indenture shall apply to the Guarantor as if references therein to the Company or the Guarantor, as applicable, were references to the Guarantor. 

(b) Upon any demand, request or application by the Guarantor to the Trustee to take any action under the Indenture, the Guarantor shall
furnish to the Trustee such certificates and opinions as are required in Sections 10.4 and 10.5 of the Base Indenture, as if all references therein to the Company were references to the Guarantor. 

ARTICLE SIX 
 ADDITIONAL
COVENANTS 
 The following additional covenants shall apply with respect to the Notes so long as any of the Notes remain outstanding.

 SECTION 6.1. Maintenance of Office or Agency. The Company will maintain an office or agency in the United States where the
Notes may be surrendered for registration of transfer or exchange or for presentation for payment or redemption and where notices and demands to or upon the Company in respect of the Notes and the Indenture may be served. As of the date of the
Indenture, such office shall be the Corporate Trust Office and, at any other time, at such other address as the Trustee may designate from time to time by notice to the Company. The Company will give prompt written notice to the Trustee of the
location, and any change in the location, of such office or agency not designated or appointed by the Trustee. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address
thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office. 
 The Company may also
from time to time designate co-registrars and one or more offices or agencies where the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind such designations. The Company will give prompt written
notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 

 The Company hereby initially designates the Trustee as Paying Agent, Service Agent, Registrar and
Custodian and the Corporate Trust Office shall be considered as one such office or agency of the Company for each of the aforesaid purposes. 

SECTION 6.2. Appointments to Fill Vacancies in Trustee’s Office. The Company, whenever necessary to avoid or fill a vacancy
in the office of Trustee, will appoint, upon the terms and conditions and otherwise as provided in Section 7.8 of the Base Indenture, a Trustee, so that there shall at all times be a Trustee hereunder. 

SECTION 6.3. Limitations on Incurrence of Debt. 

(a) The Company will not, and will not permit any of its Subsidiaries to, incur any Debt, other than Intercompany Debt and guarantees of
Debt incurred by the Company or its Subsidiaries in compliance with this Indenture, if, immediately after giving effect to the incurrence of such Debt and the application of the proceeds thereof, the aggregate principal amount of all of the
Company’s and its Subsidiaries’ outstanding Debt on a consolidated basis determined in accordance with GAAP is greater than 60% of the sum of (without duplication) (1) Total Assets as of the end of the calendar quarter covered in the
Company’s Annual Report on Form 10-K or Quarterly Report on Form 10-Q, as the case may be, most recently filed with the SEC (or, if such filing is not permitted under the Exchange Act, with the Trustee) prior to the incurrence of such
additional Debt and (2) the purchase price of any real estate assets or mortgages receivable acquired, and the amount of any securities offering proceeds received (to the extent such proceeds were not used to acquire real estate assets or
mortgages receivable or used to reduce Debt), by the Company or any of its Subsidiaries since the end of such calendar quarter, including those proceeds obtained in connection with the incurrence of such additional Debt. 

(b) The Company will not, and will not permit any of its Subsidiaries to, incur any Debt, other than Intercompany Debt and guarantees of
Debt incurred by the Company or its Subsidiaries in compliance with this Indenture, secured by any mortgage, lien, charge, pledge, encumbrance or security interest of any kind upon any of the Company’s or any of its Subsidiaries’ property
if, immediately after giving effect to the incurrence of such Debt and the application of the proceeds thereof, the aggregate principal amount of all of the Company’s and its Subsidiaries’ outstanding Debt on a consolidated basis which is
secured by any mortgage, lien, charge, pledge, encumbrance or security interest on the Company’s or its Subsidiaries’ property is greater than 40% of the sum of (without duplication) (1) Total Assets as of the end of the calendar
quarter covered in the Company’s Annual Report on Form 10-K or Quarterly Report on Form 10-Q, as the case may be, most recently filed with the SEC (or, if such filing is not permitted under the Exchange Act, with the Trustee) prior to the
incurrence of such additional Debt and (2) the purchase price of any real estate assets or mortgages receivable acquired, and the amount of any securities offering proceeds received (to the extent such proceeds were not used to acquire real
estate assets or mortgages receivable or used to reduce Debt), by the Company or any of its Subsidiaries since the end of such calendar quarter, including those proceeds obtained in connection with the incurrence of such additional Debt; provided,
that for purposes of this limitation, the amount of obligations under capital leases shown as a liability on the Company’s consolidated balance sheet shall be deducted from Debt and from Total Assets. 

 (c) The Company will not, and will not permit any of its Subsidiaries to, incur any Debt,
other than Intercompany Debt and guarantees of Debt by the Company or its Subsidiaries in compliance with this Indenture, if the ratio of Consolidated Income Available for Debt Service to the Annual Debt Service Charge for the four consecutive
fiscal quarters most recently ended prior to the date on which such additional Debt is to be incurred shall have been less than 1.5 to 1.0, on an unaudited pro forma basis after giving effect thereto and to the application of the proceeds therefrom,
and calculated on the assumption that: (1) such Debt and any other Debt incurred by the Company and its Subsidiaries since the first day of such four-quarter period and the application of the proceeds therefrom, including to refinance other
Debt, had occurred at the beginning of such period; (2) the repayment or retirement of any other Debt by the Company and its Subsidiaries since the first day of such four-quarter period had been repaid or retired at the beginning of such period
(except that, in making such computation, the amount of Debt under any revolving credit facility shall be computed based upon the average daily balance of such Debt during such period); (3) in the case of Acquired Debt or Debt incurred in
connection with any acquisition since the first day of such four-quarter period, the related acquisition had occurred as of the first day of such period, with the appropriate adjustments with respect to such acquisition being included in such
unaudited pro forma calculation; and (4) in the case of any acquisition or disposition by the Company or its Subsidiaries of any asset or group of assets or other placement of any assets in service or removal of any assets from service by the
Company or any of its Subsidiaries since the first day of such four-quarter period, whether by merger, stock purchase or sale, or asset purchase or sale, such acquisition, disposition, placement in service or removal from service, or any related
repayment of Debt had occurred as of the first day of such period, with the appropriate adjustments with respect to such acquisition, disposition, placement in service or removal from service, being included in such unaudited pro forma calculation.

 (d) The Company, together with its Subsidiaries, will at all times maintain an Unencumbered Total Asset Value in an amount not less
than 150% of the aggregate outstanding principal amount of all the Company’s and its Subsidiaries’ unsecured Debt, taken as a whole. 

(e) The Company will, and will cause each of its Subsidiaries to, maintain insurance with financially sound and reputable insurance companies
against such risks and in such amounts as is customarily maintained by persons engaged in similar businesses or as may be required by applicable law. 

ARTICLE SEVEN 
 DEFAULTS
AND REMEDIES 
 Sections 7.1, 7.2 and 7.3 hereof shall replace Sections 6.1, 6.2 and 6.7, respectively, of the Base Indenture with
respect to the Notes only. 
 SECTION 7.1. Events of Default. 

“Event of Default,” wherever used herein or in the Base Indenture with respect to the Notes, means any one of the following
events: 
 (a) default in the payment of any interest on the Notes when it becomes due and payable, and continuance of that default for a
period of thirty (30) days (unless the entire amount of the payment is deposited by the Company with the Trustee or with a Paying Agent prior to the expiration of such 30-day period); 

 (b) default in the payment of principal of, premium on or Redemption Price due with respect to,
the Notes when the same become due and payable; 
 (c) failure to pay any Debt of the Company, the Guarantor or any Subsidiary in which the
Company has invested at least $50,000,000 in capital (a “Significant Subsidiary”), in an outstanding principal amount in excess of $50,000,000 at final maturity or upon acceleration after the expiration of any applicable grace
period, which Debt is not discharged, or such default in payment or acceleration is not cured or rescinded, within sixty (60) days after written notice to the Company from the Trustee (or to the Company and the Trustee from Holders of at least
25% in aggregate principal amount of the Notes then outstanding); 
 (d) default in the performance or breach of any other covenant or
warranty by the Company or the Guarantor in the Indenture (other than a covenant or warranty that has been included in the Indenture solely for the benefit of a series of debt securities other than the Notes), which default continues uncured for a
period of sixty (60) days after the Company receives written notice from the Trustee or the Company and the Trustee receive written notice from the Holders of at least 25% in aggregate principal amount of the Notes then outstanding; 

(e) the Company, the Guarantor or any Significant Subsidiary pursuant to or under or within meaning of any Bankruptcy Law: 

(i) commences a voluntary case or proceeding seeking liquidation, reorganization or other relief with respect to the Company,
the Guarantor or a Significant Subsidiary or its debts or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of the Company, the Guarantor or a Significant Subsidiary or any substantial part of the
property of the Company, the Guarantor or a Significant Subsidiary; 
 (ii) consents to any such relief or to the appointment
of or taking possession by any such official in an involuntary case or other proceeding commenced against the Company, the Guarantor or a Significant Subsidiary; 

(iii) consents to the appointment of a Custodian of it or for all or substantially of its property; 

(iv) makes a general assignment for the benefit of creditors; or 

(v) generally is unable to pay its debts as the same become due; 

(f) an involuntary case or other proceeding shall be commenced against the Company, the Guarantor or any Significant Subsidiary seeking
liquidation, reorganization or other relief with respect to the Company, the Guarantor or a Significant Subsidiary or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee,
receiver, liquidator, custodian or other similar official of the Company, the Guarantor or a Significant Subsidiary or any substantial part of the property of the Company, the Guarantor or a Significant Subsidiary, and such involuntary case or other
proceeding shall remain undismissed and unstayed for a period of sixty (60) calendar days; or 
 (g) a court of competent jurisdiction
enters an order or decree under any Bankruptcy Law that: 

 (i) is for relief against the Company, the Guarantor or any of Significant
Subsidiary in an involuntary case or proceeding; 
 (ii) appoints a Custodian of the Company, the Guarantor or a Significant
Subsidiary or any substantial part of the property of the Company, the Guarantor or a Significant Subsidiary; or 
 (iii)
orders the liquidation of the Company, the Guarantor or a Significant Subsidiary; and, in each case in this clause (g), the order or decree remains unstayed and in effect for sixty (60) calendar days. 

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

SECTION 7.2. Acceleration of Maturity; Rescission and Annulment. If an Event of Default with respect to the Notes at the time
outstanding occurs and is continuing (other than an Event of Default referred to in Section 7.1 (e), (f) or (g) hereof), then in every such case the Trustee or the Holders of not less than 25% in principal amount of the outstanding
Notes may, by a notice in writing to the Company (and to the Trustee if given by the Holders), declare to be due and payable immediately the principal of, and accrued and unpaid interest, if any, on all of the Notes, and upon any such declaration
such principal amount (or specified amount) and accrued and unpaid interest, if any, shall become immediately due and payable. If an Event of Default specified in Section 7.1 (e), (f) or (g) hereof shall occur, the principal amount
(or specified amount) of and accrued and unpaid interest, if any, on all outstanding Notes will automatically become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder of outstanding
Notes. 
 At any time after a declaration of acceleration with respect to Notes has been made, but before a judgment or decree for payment
of the money due has been obtained by the Trustee, the Holders of a majority in principal amount of the outstanding Notes, by written notice to the Company and the Trustee, may rescind and annul such declaration and the acceleration if all Events of
Default, other than the non-payment of accelerated principal and interest, if any, with respect to the Notes, have been cured or waived as provided in Section 6.13 of the Base Indenture. No such rescission and annulment shall extend to or shall
affect any subsequent default or Event of Default, or shall impair any right consequent thereon. 
 SECTION 7.3. Limitation on
Suits. 
 No Holder of the Notes shall have any right to institute any proceeding, judicial or otherwise, with respect to the Indenture
or for the appointment of a receiver or trustee, or for any remedy under the Indenture, unless: 
 (a) such Holder has previously given to
the Trustee written notice of a continuing Event of Default with respect to the Notes; 
 (b) the Holders of at least 25% in principal
amount of the outstanding Notes shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

 (c) such Holder or Holders have offered to the Trustee reasonable indemnity against the costs,
expenses and liabilities to be incurred in compliance with such request; 
 (d) the Trustee for sixty (60) days after its receipt of
such notice, request and offer of indemnity has failed to institute any such proceeding; and 
 (e) no direction inconsistent with such
written request has been given to the Trustee during such 60-day period by the Holders of at least 25% in principal amount of the outstanding Notes. 

ARTICLE EIGHT 

AMENDMENTS AND WAIVERS 

Section 8.1 hereof shall replace Section 9.1 of the Base Indenture with respect to the Notes only. 

SECTION 8.1. Without Consent of Holders. 

The Company, when authorized by the resolutions of the Board of Directors, the Guarantor and the Trustee may, from time to time, and at any
time enter into an indenture or indentures supplemental without the consent of the Holders of the Notes hereto for one or more of the following purposes: 

(a) to cure any ambiguity, defect or inconsistency in the Indenture; provided that this action shall not adversely affect the interests
of the Holders of the Notes in any material respect; 
 (b) to evidence a successor to the Company as obligor or to the Guarantor as
guarantor in accordance with Article V of the Base Indenture; 
 (c) to make any change that does not adversely affect the interests of the
Holders of any Notes then outstanding; 
 (d) to provide for the issuance of Additional Notes in accordance with the limitations set forth
in the Indenture; 
 (e) to provide for the acceptance of appointment of a successor Trustee or facilitate the administration of the trusts
under the Indenture by more than one Trustee; 
 (f) to comply with the requirements of the SEC in order to effect or maintain the
qualification of the Indenture under the TIA; 
 (g) to reflect the release of the Guarantor as guarantor, in accordance with the Indenture;

 (h) to secure the Notes; 

(i) to add guarantors with respect to the Notes; and 

(j) to conform the text of the Indenture, any Guarantee or the Notes to any provision of the description thereof set forth in the Prospectus
to the extent that such provision in the 

 
Prospectus was intended to be a verbatim recitation of a provision of the Indenture, such Guarantee or the Notes (as certified in an Officers’ Certificate). 

Upon the written request of the Company, accompanied by a copy of the resolutions of the Board of Directors certified by the Guarantor’s
Secretary or Assistant Secretary authorizing the execution of any supplemental indenture, the Trustee is hereby authorized to join with the Company and the Guarantor in the execution of any such supplemental indenture, to make any further
appropriate agreements and stipulations that may be therein contained and to accept the conveyance, transfer and assignment of any property thereunder, but the Trustee shall not be obligated to, but may in its discretion, enter into any supplemental
indenture that affects the Trustee’s own rights, duties or immunities under the Indenture or otherwise. 
 Any supplemental indenture
authorized by the provisions of this Section 8.1 may be executed by the Company, the Guarantor and the Trustee without the consent of the Holders of any of the Notes at the time outstanding, notwithstanding any of the provisions of
Section 9.2 or 9.3 of the Base Indenture. 
 ARTICLE NINE 

MEETINGS OF HOLDERS OF NOTES 

SECTION 9.1. Purposes for Which Meetings May Be Called. A meeting of Holders may be called at any time and from time to time
pursuant to this Article Nine to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other act provided by the Indenture to be made, given or taken by Holders. 

SECTION 9.2. Call, Notice and Place of Meetings. 

(a) The Trustee may at any time call a meeting of Holders for any purpose specified in Section 9.1 hereof, to be held at such time and at
such place in The City of New York, New York as the Trustee shall determine. Notice of every meeting of Holders, 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 10.2 of the Base Indenture, not less than twenty-one (21) nor more than one hundred eighty (180) days prior to the date fixed for the meeting. 

(b) In case at any time the Company, the Guarantor or the Holders of at least 25% in principal amount of the outstanding Notes shall have
requested the Trustee to call a meeting of the Holders for any purpose specified in Section 9.1 hereof, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed
notice of or made the first publication of the notice of such meeting within twenty-one (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, the Guarantor,
if applicable, or the Holders in the amount above specified, as the case may be, may determine the time and the place in the City of New York, New York, for such meeting and may call such meeting for such purposes by giving notice thereof as
provided in clause (a) of this Section. 
 SECTION 9.3. Persons Entitled to Vote at Meetings. To be entitled to vote at any
meeting of Holders, a person shall be (1) a Holder of one or more outstanding Notes, or (2) a person appointed by an instrument in writing as proxy for a Holder or Holders of one or more 

 
outstanding Notes by such Holder or Holders; provided, that none of the Company, any other obligor upon the Notes or any Affiliate of the Company shall be entitled to vote at any meeting of
Holders or be counted for purposes of determining a quorum at any such meeting in respect of any Notes owned by such persons. The only persons who shall be entitled to be present or to speak at any meeting of Holders shall be the persons entitled to
vote at such meeting and their counsel, any representatives of the Trustee and its counsel, any representatives of the Guarantor and its counsel and any representatives of the Company and its counsel. 

SECTION 9.4. Quorum; Action. The persons entitled to vote a majority in principal amount of the outstanding Notes shall constitute
a quorum for a meeting of Holders; provided, however, that if any action is to be taken at the meeting with respect to a consent or waiver which may be given by the Holders of not less than a specified percentage in principal amount of the
outstanding Notes, the persons holding or representing the specified percentage in principal amount of the outstanding Notes will constitute a quorum. In the absence of a quorum within thirty (30) minutes after the time appointed for any such
meeting, the meeting shall, if convened at the request of Holders, be dissolved. In any other case the meeting may be adjourned for a period of not less than ten (10) days as determined by the chairman of the meeting prior to the adjournment of
such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting may be further adjourned for a period of not less than ten (10) days as determined by the chairman of the meeting prior to the adjournment of such
adjourned meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Section 9.2 hereof, except that such notice need be given only once not less than five (5) days prior to the date on which the meeting is
scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the outstanding Notes which shall constitute a quorum. 

Except as limited by the proviso to Section 9.3 of the Base Indenture, 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 a majority in principal amount of the outstanding Notes; provided, however, that, except as limited by the proviso to
Section 9.3 of the Base Indenture, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other action which the 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 Notes 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 Notes. 
 Any resolution passed or decision taken at any meeting
of Holders duly held in accordance with this Section 9.4 shall be binding on all the Holders, whether or not such Holders were present or represented at the meeting. 

SECTION 9.5. Determination of Voting Rights; Conduct and Adjournment of Meetings. 

(a) Notwithstanding any other provisions of the Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any
meeting of Holders in regard to 

 
proof of the holding of Notes and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and
other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate. 
 (b) The
Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Company or by Holders as provided in Section 9.2(b) hereof, in which case the Company, the Guarantor or
the Holders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the persons entitled to vote a majority in principal
amount of the outstanding Notes of such series represented at the meeting. 
 (c) At any meeting, each Holder or proxy shall be entitled to
one (1) vote for each $1,000 principal amount of Notes held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any Note challenged as not outstanding and ruled by the chairman of
the meeting to be not outstanding. The chairman of the meeting shall have no right to vote, except as a Holder or proxy. 
 (d) Any meeting
of Holders duly called pursuant to Section 9.2 hereof at which a quorum is present may be adjourned from time to time by persons entitled to vote a majority in principal amount of the outstanding Notes represented at the meeting; and the
meeting may be held as so adjourned without further notice. 
 SECTION 9.6. Counting Votes and Recording Action of Meetings. The
vote upon any resolution submitted to any meeting of Holders shall be by written ballots on which shall be subscribed the signatures of the Holders or of their representatives by proxy and the principal amounts and serial numbers of the outstanding
Notes held or represented by them. The permanent chairman of the meeting shall appoint two (2) 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 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 9.2 hereof and, if applicable, Section 9.4 hereof. Each copy shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one (1) such copy shall be delivered
to the Company and the Guarantor, 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 TEN 

MISCELLANEOUS PROVISIONS 

SECTION 10.1. Ratification of Indenture. Except as expressly modified or amended hereby, the Indenture continues in full force and
effect and is in all respects confirmed and preserved. 

 SECTION 10.2. Governing Law. This Third Supplemental Indenture shall be governed by
and construed in accordance with the laws of the State of New York. This Third Supplemental Indenture is subject to the provisions of the Trust Indenture Act of 1939, as amended and shall, to the extent applicable, be governed by such provisions.

 SECTION 10.3. Counterparts. This Third Supplemental Indenture may be executed in any number of counterparts, each of which so
executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 

SECTION 10.4. [Reserved.] 

SECTION 10.5. Successors and Assigns. This Third Supplemental Indenture shall be binding upon the Company and each Guarantor, and
their respective successors and assigns and inure to the benefit of the respective successors and assigns of the Trustee and the Holders. 

SECTION 10.6. Time of the Essence. Time is of the essence with regard to the Company’s and the Guarantors’ performance
of their respective obligations hereunder. 
 SECTION 10.7. Rights of Holders Limited. Notwithstanding anything herein to the
contrary, the rights of Holders with respect to this Third Supplemental Indenture and the Guarantee shall be limited in the manner and to the extent the rights of Holders are limited under the Indenture with respect to the Indenture and the
Securities. 
 SECTION 10.8. Rights and Duties of Trustee. The rights and duties of the Trustee shall be determined by the
express provisions of the Base Indenture and, except as expressly set forth in this Third Supplemental Indenture, nothing in this Third Supplemental Indenture shall in any way modify or otherwise affect the Trustee’s rights and duties
thereunder. The Trustee makes no representation or warranty, express or implied, as to the validity of this Third Supplemental Indenture and, except insofar as relates to the validity hereof with respect to the Trustee specifically, the Trustee
shall not be liable in connection therewith. The Trustee makes no representation or warranty, express or implied, as to the accuracy or completeness of any information contained in any offering or disclosure document related to the sale of the
Securities, except for such information that specifically pertains to the Trustee itself, or any information incorporated therein by reference as it relates specifically to the Trustee. If and when the Trustee shall be or become a creditor of the
Company (or any other obligor upon the Notes), excluding any creditor relationship listed in TIA Section 311(b), the Trustee shall be subject to the provisions of the TIA regarding the collection of claims against the Company (or any such other
obligor). If the Trustee has or shall acquire a conflicting interest within the meaning of the TIA, 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 TIA
and the Indenture. 
 SECTION 10.9. Notices. 

Any notice or communication by the Company, the Guarantor or the Trustee to the other, or by a Holder of the Notes to the Company, the
Guarantor or the Trustee, is duly given if in writing and delivered in person or mailed by first-class mail: 

 if to the Company or the Guarantor: 

BioMed Realty, L.P. 

17190 Bernardo Center Drive 

San Diego, California 92128 

Attention:    General Counsel 

Telephone:  (858) 485-9840 

Facsimile:   (858) 485-9843 

if to the Trustee: 

U.S. Bank National Association 

Corporate Trust Services 

633 West Fifth Street, 24th Floor 

Los Angeles, California 90071 

Attention:    Paula Oswald (BioMed Realty 2.625% Notes due 2019) 

Telephone:  (213) 615-6043 

Facsimile:   (213) 615-6197 

The Company, the Guarantor or the Trustee by written notice to the other may designate additional or different addresses for subsequent
notices or communications. 
 Except as otherwise provided in the Indenture, any notice or communication to a Holder of the Notes shall be
mailed by first-class mail to his address shown on the register kept by the Registrar, provided that notices given to Holders holding Notes in book-entry form may be given through the facilities of the Depository or any successor depository.
Failure to mail a notice or communication to a Holder of the Notes or any defect in it shall not affect its sufficiency with respect to other Holders of the Notes or any other Series. 

If a notice or communication is mailed or published in the manner provided above, within the time prescribed, it is duly given, whether or not
the Securityholder receives it. If a notice or communication is delivered in person, by courier, telexed or by facsimile transmission (with confirmation of receipt) within the time prescribed, it is duly given. 

If the Company or the Guarantor mails a notice or communication to Holders, it shall mail a copy to the Trustee and each Agent at the same
time. 
 SECTION 10.10. Headings, etc. The headings of the Articles and Sections of this Third Supplemental Indenture have been
inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof. 

SECTION 10.11. Conflicts. In the event of any conflict between the terms of this Third Supplemental Indenture and the terms of the
Indenture, the terms of this Third Supplemental Indenture shall control. 
 SECTION 10.12. Trust Indenture Act Controls. If any
provision of this Third Supplemental Indenture limits, qualifies, or conflicts with another provision which is required or 

 
deemed to be included in this Third Supplemental Indenture by the TIA, such required or deemed provision shall control. 

[Signatures on Next Page] 

 IN WITNESS WHEREOF, the parties hereto have caused this Third Supplemental Indenture to be
duly executed by their respective officers hereunto duly authorized, all as of the day and year first written above. 
  

			
	BIOMED REALTY, L.P., Issuer
		
	By:	 	 /s/ Greg N. Lubushkin

	Name:	 	Greg N. Lubushkin
	Title:	 	Chief Financial Officer
	Address:	 	17190 Bernardo Center Drive
		 	San Diego, California 92128
	
	GUARANTOR:
	
	BIOMED REALTY TRUST, INC.
		
	By:	 	 /s/ Greg N. Lubushkin

	Name:	 	Greg N. Lubushkin
	Title:	 	Chief Financial Officer
	Address:	 	17190 Bernardo Center Drive
		 	San Diego, California 92128
	
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Paula Oswald

	Name:	 	Paula Oswald
	Title:	 	Vice President

 EXHIBIT A 

 Exhibit A 

THIS GLOBAL NOTE IS HELD BY THE DEPOSITORY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE
BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 3.13 OF THE THIRD SUPPLEMENTAL INDENTURE, (2) THIS
GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 3.13 OF THE THIRD SUPPLEMENTAL INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.12 OF THE BASE INDENTURE AND
(4) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITORY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
 UNLESS AND UNTIL IT
IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE
DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK,
NEW YORK) (“DTC”) TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

 BIOMED REALTY, L.P. 

2.625% SENIOR NOTES DUE 2019 
 No.
[    ] 
 CUSIP No.: 09064A AH4 
 ISIN:
US09064AAH41 
 $[            ] 

BioMed Realty, L.P., a Maryland limited partnership (herein called the “Company,” which term includes any successor entity under the
Indenture referred to on the reverse hereof), for value received hereby promises to pay to Cede & Co., or its registered assigns, the principal sum of [             ]
($[             ]), or such lesser amount as is set forth in the Schedule of Exchanges of Interests in the Global Note on the other side of this Note, on May 1, 2019 at the office or
agency of the Company maintained for that purpose in accordance with the terms of the Indenture, in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts,
and to pay interest, semi-annually on May 1 and November 1 of each year, commencing November 1, 2014, on said principal sum at said office or agency, in like coin or currency, at the rate per annum of 2.625%, from the May 1 or
November 1, as the case may be, next preceding the date of this Note to which interest has been paid or duly provided for, unless no interest has been paid or duly provided for on the Notes, in which case from April 23, 2014 until payment
of said principal sum has been made or duly provided for. The Company shall pay interest to Holders of record of the Notes on the April 15 or October 15 preceding the applicable May 1 or November 1 interest payment date,
respectively, in accordance with the terms of the Indenture. The Company shall pay interest (i) on any Notes in certificated form by check mailed to the address of the person entitled thereto as it appears in the register; provided, however,
that a Holder of any Notes in certificated form in the aggregate principal amount of more than $2.0 million may specify by written notice to the Company that it pay interest by wire transfer of immediately available funds to the account specified by
the Holder in such notice, or (ii) on any Global Note by wire transfer of immediately available funds to the account of the Depository or its nominee. 

Reference is made to the further provisions of this Note set forth on the reverse hereof and the Indenture governing this Note. Such further
provisions shall for all purposes have the same effect as though fully set forth at this place. 
 This Note shall not be valid or become
obligatory for any purpose until the certificate of authentication hereon shall have been signed manually by the Trustee or a duly authorized authenticating agent under the Indenture. 

 IN WITNESS WHEREOF, the Company has caused this Note to be duly executed. 

Dated: 
  

			
	BIOMED REALTY, L.P.
		
	By:	 	 BioMed Realty Trust, Inc.
 Its Sole General
Partner

		
	By:	 	
		 	Name:
		 	Title:

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Notes described in the within-named Indenture. 

Dated: 
  

			
	U.S. Bank National Association, as Trustee
		
	By:	 	  

		 	Authorized Signatory

 [FORM OF REVERSE SIDE OF NOTE] 

BioMed Realty, L.P. 

2.625% SENIOR NOTES DUE 2019 

This Note is one of a duly authorized issue of Securities of the Company, designated as its 2.625% Senior Notes due 2019 (herein called
the “Notes”), issued under and pursuant to an Indenture dated as of March 30, 2011 (herein called the “Base Indenture”), among the Company, the Guarantor and U.S. Bank National Association, as trustee (herein
called the “Trustee”), as supplemented with respect to the Notes by the Supplemental Indenture No. 3, dated as of April 23, 2014 (herein called the “Third Supplemental Indenture,” and together with the
Base Indenture, the “Indenture”), to which Indenture and any indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the
Trustee, the Company, the Guarantor and the Holders of the Notes. Capitalized terms used but not otherwise defined in this Note shall have the respective meanings ascribed thereto in the Indenture. 

If an Event of Default (other than an Event of Default specified in Sections 7.1(e), 7.1(f) and 7.1(g) of the Third Supplemental Indenture)
occurs and is continuing, the principal of, premium, if any, and accrued and unpaid interest on all Notes may be declared to be due and payable by either the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then
outstanding, and, upon said declaration the same shall be immediately due and payable. If an Event of Default specified in Sections 7.1(e), 7.1(f) and 7.1(g) of the Third Supplemental Indenture occurs, the principal of and premium, if any, and
interest accrued and unpaid on all the Notes shall be immediately and automatically due and payable without necessity of further action. 

The Indenture contains provisions permitting the Company and the Trustee, with the consent of the Holders of not less than a majority in
aggregate principal amount of the Notes at the time outstanding, to execute supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or
modifying in any manner the rights of the Holders of the Notes, subject to exceptions set forth in Section 9.2 of the Base Indenture. Subject to the provisions of the Indenture, the Holders of not less than a majority in aggregate principal
amount of the Notes at the time outstanding may, on behalf of the Holders of all of the Notes, waive any past Default or Event of Default, subject to exceptions set forth in the Indenture. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall impair, as among the Company and the Holder of
the Notes, the obligation of the Company, which is absolute and unconditional, to pay the principal of, premium, if any, on and interest on this Note at the place, at the respective times, at the rate and in the coin or currency prescribed herein
and in the Indenture. 
 Interest on the Notes shall be computed on the basis of a 360-day year of twelve 30-day months. 

The Notes are issuable in fully registered book-entry form, without coupons, in minimum denominations of $2,000 and integral multiples of
$1,000 in excess thereof. At the office or agency of the Company referred to on the face hereof, and in the manner and subject to the limitations provided in the Indenture, without payment of any service charge but with payment of a sum sufficient
to cover 

 
any tax, assessment or other governmental charge that may be imposed in connection with any registration or exchange of Notes, Notes may be exchanged for a like aggregate principal amount of
Notes of any other authorized denominations. 
 The Company shall have the right to redeem the Notes under certain circumstances as set
forth in Article Four of the Third Supplemental Indenture. 
 The Notes are not subject to redemption through the operation of any sinking
fund. 
 Except as expressly provided in Article Five of the Third Supplemental Indenture, no recourse for the payment of the principal of
or any premium or interest on this Note, or for any claim based hereon or otherwise in respect hereof, and no recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or any supplemental indenture or in any Note,
or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, limited partner, member, manager, employee, agent, officer, director or subsidiary, as such, past, present or future, of the
Guarantor, the Company or any of the Company’s Subsidiaries or of any successor thereto, either directly or through the Guarantor, the Company or any of the Company’s subsidiaries or of any successor thereto, 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 all such liability is hereby expressly waived and released as a condition of, and as consideration for, the
execution of the Indenture and the issue of this Note. 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	 (I) or
 (we) assign

and transfer
 this Note to:
	 	  

	(Insert assignee’s legal name)
	
	  

	(Insert assignee’s soc. sec. or tax I.D. no.)

  

	
	  

	(Print or type assignee’s name, address and zip code)

  

			
	 and
 irrevocably

appoint
	 	  

	to transfer this Note on the books of the Company. The agent may substitute another to act for him.

 

							
	Date:	 	  
	 		 	
				
		 		 	 Your
 Signature:
	 	  

		 		 	(Sign exactly as your name appears on the face of this Note)

					
	Signature Guarantee*:	 	  
	  	

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part
of another Global Note or Definitive Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange
	 	
Amount of decrease in
principal amount at
maturity of this Global Note
	 	
Amount of increase in
principal amount at
maturity of this Global Note
	 	 Principal amount

at maturity of this
Global Note following
such decrease

(or increase)
	 	
Signature of authorized
officer of Trustee or Custodian

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

 EXHIBIT B 

 Exhibit B 

NOTATION OF GUARANTEE 

The Guarantor listed below (hereinafter referred to as the “Guarantor,” which term includes any successors or assigns under the
Indenture, dated as of March 30, 2011, among the Guarantor, the Company and U.S. Bank National Association, as trustee (the “Base Indenture”), as supplemented with respect to the Notes (as defined below) by the Supplemental Indenture
No. 3, dated as of April 23, 2014 (the “Third Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), has fully, unconditionally and absolutely guaranteed on a senior basis the Guarantee
Obligations (as defined in Section 5.1 of the Third Supplemental Indenture), which include (i) the due and punctual payment of the principal of, premium, if any, and interest, if any, on the 2.625% Senior Notes due 2019 (the
“Notes”) to which this notation is affixed, whether at maturity, by acceleration, call for redemption or otherwise, the due and punctual payment of interest on the overdue principal and premium, if any, and (to the extent permitted by law)
interest on any interest on the Notes, and the due and punctual performance of all other obligations of the Company, to the Holders of the Notes or the Trustee all in accordance with the terms set forth in Article Five of the Third Supplemental
Indenture, and (ii) in case of any extension of time of payment or renewal of any Notes or any such other obligations, that the same shall be promptly paid in full when due or performed in accordance with the terms of the extension or renewal,
whether at maturity, by acceleration, call for redemption or otherwise. 
 The obligations of such Guarantor to the Holders of Notes to
which this notation is affixed and to the Trustee pursuant to the Guarantee and the Indenture are expressly set forth in Article Five of the Third Supplemental Indenture and reference is hereby made to the Indenture for the precise terms of the
Guarantee. 
 No past, present or future director, officer, employee, incorporator or stockholder (direct or indirect) of the Guarantor (or
any such successor entity), as such, shall have any liability for any obligations of the Guarantor under this Guarantee or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. 

The Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of merger or bankruptcy of
the Company, any right to require a proceeding first against the Company, the benefit of discussion, protest or notice with respect to the Notes and all demands whatsoever. 

This is a continuing Guarantee and shall remain in full force and effect and shall be binding upon the Guarantor and its successors and
assigns until full and final payment of all of the Company’s obligations under the Notes and Indenture or until legally discharged in accordance with the Indenture and shall inure to the benefit of the successors and assigns of the Trustee and
the Holders of the Notes, and, in the event of any transfer or assignment of rights by any Holder of the Notes or the Trustee, the rights and privileges herein conferred upon that party shall automatically extend to and be vested in such transferee
or assignee, all subject to the terms and conditions hereof. This is a Guarantee of payment and performance and not of collectability. 

This Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the Note upon which this Guarantee
is noted shall have been executed by the Trustee under the Indenture by the manual or facsimile signature of one of its authorized officers. 

The obligations of the Guarantor under this Guarantee shall be limited to the extent necessary to ensure that it does not constitute a
fraudulent conveyance under applicable law. 

 THE TERMS OF ARTICLE FIVE OF THE THIRD SUPPLEMENTAL INDENTURE ARE INCORPORATED HEREIN BY REFERENCE. 

Capitalized terms used herein have the same meanings given in the Indenture unless otherwise indicated. 

 

							
		 		 	BIOMED REALTY TRUST INC.
				
	Dated:	 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}]]