Document:

Exhibit
10.3

 

AMENDED
AND RESTATED

RESTAURANT
ABSOLUTELY NET LEASE

 

WENDY’S
RESTAURANT

1721
SAM RITTENBERG

CHARLESTON, SOUTH CAROLINA

 

    	 

    	 

    

 

TABLE
OF CONTENTS

 

	 	 	Page
	ARTICLE
    I - VARIABLE TERMS	1
	 	 
	ARTICLE
    II - GRANT AND TERM	2
	 	 
	2.1	Premises	2
	2.2	Original
    Term	2
	2.3	Option
    to Extend	2
	2.4	Surrender
    of Premises	2
	2.5	Tenant’s
    Access	2
	 	 	 
	ARTICLE
    III - RENT	3
	 	 
	3.1	One
    Time Fixed Rental Charge	3
	3.2	Base
    Rent	3
	3.3	Base
    Rent Adjustment for Lease Insurance Lost	3
	3.4	Base
    Rent Increases	3
	3.5	Additional
    Rent	3
	3.6	Reports	4
	3.7	Adjustment
    to Base Gross Sales	4
	 	 	 
	ARTICLE
    IV - SECURITY DEPOSIT	5
	 	 
	4.1	Security
    Deposit	5
	 	 	 
	ARTICLE
    V - CONSTRUCTION AND ALTERATIONS	6
	 	 
	5.1	Construction,
    Alterations, Improvements and Changes	6
	5.2	Fixtures
    and Equipment	6
	5.3	Alterations
    at Termination	7
	5.4	Removal
    of Signs and Trademarks at Termination	7
	 	 	 
	ARTICLE
    VI - MAINTENANCE, REPAIRS, COVENANT AGAINST ENCUMBRANCESAND LIENS, AND DESTRUCTION	7
	 	 
	6.1	Maintenance
    and Repair by Tenant	7
	6.2	Covenant
    Against Encumbrances and Liens	8
	6.3	Damage
    and Destruction	8
	 	 	 
	ARTICLE
    VII - UTILITIES AND TAXES	9
	 	 
	7.1	Utilities	9
	7.2	Taxes
    and Assessments	10

 

    	i

    	 

    

 

	ARTICLE
    VIII - CONDUCT OF BUSINESS	10
	 	 
	8.1	Condition
    and Use	10
	8.2	Competition	11
	 	 	 
	ARTICLE
    IX - INSURANCE AND INDEMNITIES	11
	 	 
	9.1	Casualty
    Insurance	11
	9.2	Public
    Liability Insurance	11
	9.3	Certificates
    of Insurance	11
	9.4	Loss
    and Damage	11
	9.5	Hold
    Harmless	11
	 	 	 
	ARTICLE
    X - CONDEMNATION	12
	 	 
	10.1	Total
    Condemnation	12
	10.2	Partial
    Condemnation	12
	10.3	Condemnation
    Award	12
	 	 	 
	ARTICLE
    XI - DEFAULT	12
	 	 
	11.1	Tenant
    Default	12
	11.2	Landlord
    Default	13
	11.3	Parties
    May Remedy Defaults	13
	11.4	Charge
    For Late Payments	13
	 	 	 
	ARTICLE
    XII - ASSIGNMENT, SUBLETTING, AND CONTINUOUS USE	14
	 	 
	12.1	Tenant
    Assignment and Subletting	14
	12.2	Landlord
    Assignment	14
	12.3	Continuous
    Use	14
	 	 	 
	ARTICLE
    XIII - RIGHT OF FIRST REFUSAL	15
	 	 
	13.1	Right
    of First Refusal	15
	 	 	 
	ARTICLE
    XIV - MISCELLANEOUS	15
	 	 
	14.1	Accord
    and Satisfaction	15
	14.2	Entire
    Agreement	15
	14.3	No
    Partnership	15
	14.4	Force
    Majeure	15
	14.5	Waiver	15
	14.6	Notices	15
	14.7	Partial
    Invalidity	16
	14.8	Memorandum
    Lease	16
	14.9	Consent	16
	14.10	Quiet
    Title	16
	14.11	Remedies
    Cumulative	16
	14.12	Binding
    Effect	16
	14.13	Applicable
    Law	16
	14.14	Holding
    Over	16
	14.15	Subordination
    and Attornment	16
	14.17	Signatures	17

 

    	ii

    	 

    

 

Wensouth
Corporation (“Wensouth”) leased the premises commonly known as 1721 Sam Rittenberg, Charleston,
South Carolina, from DiVall Insured Income Properties 2 Limited Partnership (“Landlord”), pursuant
to a Restaurant Absolutely Net Lease dated December 20, 1988. Wensouth subsequently assigned its interest in the Restaurant
Absolutely Net Lease to Wensouth Orlando, Ltd. Wensouth Orlando, Ltd. assigned its interest in the Restaurant Absolutely Net Lease
to Wencoast Restaurants, Inc. (“Wencoast”), and Wencoast and Landlord amended such Restaurant Absolutely
Net Lease by an Amendment of Lease Agreement dated November 9, 2000. Pursuant to an Assignment and Assumption of Lease dated
September 4, 2008, Wencoast assigned the Restaurant Absolutely Net Lease to Wendcharles I, LLC. Landlord and Wendcharles
I, LLC amended the Restaurant Absolutely Net Lease by an Amendment of Lease dated September 4, 2008. Pursuant to an Assignment
and Assumption of Lease dated November 17, 2011, Wendcharles I, LLC assigned the Restaurant Absolutely Net Lease to Wendcharles
II, LLC, a South Carolina limited liability company (“Tenant”). Tenant subsequently extended the term
of the Restaurant Absolutely Net Lease to November 6, 2026. Such Restaurant Absolutely Net Lease, as subsequently assigned,
amended and extended, may be referred to as the “Original Lease.”

 

In
exchange for good and valuable consideration, Landlord and Tenant execute this Amended and Restated Restaurant Absolutely Net
Lease (the “Lease”) on this ____ day of __________, 2020, with the intent that this Lease will amend,
restate and replace the Original Lease effective January 1, 2021, at which time the Original Lease will no longer be in force
and effect. The Original Lease will remain in force and effect following the execution of this Lease through December 31, 2020.
Landlord and Tenant agree as follows:

 

ARTICLE
I - VARIABLE TERMS

 

	 	1.1	Date
    of Lease: _______________, 2020
	 	 	 
	 	1.2	Landlord:
    DiVall Insured Income Properties 2 Limited Partnership
	 	 	 
	 	1.3	Address:
    c/o The Provo Group, Inc., 1900 W. 75th Street, Suite 100, Prairie Village, KS 66208
	 	 	 
	 	1.4	Tenant:
    WENDCHARLES II, LLC, a South Carolina limited liability company
	 	 	 
	 	1.5	Address:
    27 Central Avenue, Cortland, NY 13045
	 	 	 
	 	1.6	Premises
    Street Address: 1721 Sam Rittenberg, Charleston, South Carolina
	 	 	 
	 	1.7	Premises
    Legal Description: (See Exhibit A for Legal Description)
	 	 	 
	 	1.8	Commencement
    Date: January 1, 2021
	 	 	 
	 	1.9	Length
    of Original Lease Term: Twenty (20) Years
	 	 	 
	 	1.10	Extension
    Options: None
	 	 	 
	 	1.11	One
    Time Fixed Rental Charge: Intentionally Omitted

 

    	 

    	 

    

 

	 	1.12	Base
    Annual Rent: $166,848.00
	 	 	 
	 	1.13	Lease
    Insurance Cost Factored into Rent: Intentionally Omitted
	 	 	 
	 	1.14	Factor
    for Additional Lease Insurance: Intentionally Omitted
	 	 	 
	 	1.15	Fixed
    Rent Increases: Intentionally Omitted
	 	 	 
	 	1.16	Lease
    Years to which Fixed Rent Increases Apply: Intentionally Omitted
	 	 	 
	 	1.17	Additional
    Rent Percentage: 7%
	 	 	 
	 	1.18	Base
    Gross Sales: $2,085,600.00
	 	 	 
	 	1.19	Security
    Deposit: $5,575.00
	 	 	 
	 	1.20	Trade
    Name and or Trademarks: Wendy’s Old Fashioned Hamburgers
	 	 	 
	 	1.21	Permitted
    Use: Nationally recognized Franchise Restaurant
	 	 	 
	 	1.22	Prohibited
    Neighborhood Operations: Wendy’s Franchised Restaurant
	 	 	 
	 	1.23	Addendum
    A: Personal Guaranty 
	 	 	Addendum
    B: Special Terms

 

ARTICLE
II - GRANT AND TERM

 

2.1
Premises. In consideration of rents, terms, covenants and agreements to be performed and observed by Tenant, as hereinafter
set forth, Landlord leases to Tenant, and Tenant leases from Landlord, the real estate described in Section 1.6 and Section
1.7 together with all rights and appurtenances belonging or appertaining thereto and all buildings, structures and other improvements
now or hereafter located thereon (“Premises”).

 

2.2
Original Term. The original term of this Lease (the “Term”) shall commence on the Commencement
Date set forth in Section 1.8 (the “Commencement Date”), and shall be for the number of lease
years set forth in Section 1.9, terminating at 12:00 midnight on the last day of the last lease year unless otherwise terminated
earlier hereunder, or extended as provided in Section 6.3(c). The term “Lease Year” shall mean
a calendar year beginning on January 1 and ending on December 31.

 

2.3
Option to Extend. Tenant has no option to extend.

 

2.4
Surrender of Premises. At the expiration or any termination of this Lease, Tenant shall surrender the Premises in
the same condition as at the commencement of the Term, reasonable wear and tear excepted, and shall surrender all keys or other
means of access to Landlord. Subject to the provision of Article V hereof, all alterations, additions and improvements
constructed or located on the Premises, whether constructed by or on behalf of Tenant or otherwise, and also any permanent fixtures
located on the Premises, shall, upon the expiration or termination of this Lease, become the Property of Landlord.

 

2.5
Tenant’s Access. Intentionally Omitted.

 

    	2

    	 

    

 

ARTICLE
III - RENT

 

3.1
One Time Fixed Rental Charge. Intentionally Omitted.

 

3.2
Base Rent. During the Term, Tenant covenants and agrees to pay to Landlord, in advance on the first day of each
month at Landlord’s address, without demand or offset whatsoever, one-twelfth (1/12) of the Base Annual Rent (as defined
below) (the “Base Monthly Rent”). The first Base Monthly Rent payment shall be due on the Commencement
Date of this Lease. Landlord may require automatic monthly debiting of Tenant’s account for Base Monthly Rent and for one-twelfth
(1/12) of the estimated annual real estate taxes. Landlord shall not require automatic debiting of Tenant’s account unless
Tenant shall have been delinquent on payment of Base Monthly Rent at least twice in any twelve (12) month period.

 

3.3
Base Rent Adjustment for Lease Insurance Lost. Intentionally Omitted.

 

3.4
Base Rent Increases. Intentionally Omitted.

 

3.5
Additional Rent.

 

(a)
In addition to the Base Annual Rent as set forth in Section 1.12 (the “Base Annual Rent”), Tenant
agrees to pay Landlord on an annual basis the Additional Rent Percentage set forth in Section 1.17 of Tenant’s Gross
Sales (as defined below) for each Lease Year over the amount of Base Gross Sales set forth in Section 1.18 (the “Percentage
Rent”). The term “Gross Sales” as used herein shall (subject to the exceptions and authorized
deductions hereinafter set forth) mean the gross amount received during the applicable Lease Year for everything sold upon or
from the Premises, either for cash or credit, with the full amount of credit sales being reported as gross sales in month in which
said credit sales are made. Only commissions or location rents received from vending machines shall be included in the gross sales
thereof. The term Gross Sales as used herein shall not include: (i) the amount of sales or excise taxes collected from customers;
(ii) the receipts from sales to employees of the store on the Premises, sold to them in the course of their employment at or below
cost, provided such sales are registered and recorded separately from other sales; (iii) the proceeds of the sale of any franchise
to operate the business on the Premises and all fees, charges or rents charged to or received from any such franchisee, and (iv)
the proceeds of the sale of any of Tenant’s trade fixtures or store equipment used on the Premises.

 

(b)
This Lease is an absolutely net lease of the Premises and, in addition to the Base Annual Rent and the Percentage Rent payable
to Landlord, Tenant will pay any and all costs and expenses associated with the Premises during the Term, and any such costs or
expenses, if paid to Landlord, will be deemed additional rent.

 

(c)
The Additional Rent (as defined in the Original Lease) for the Lease Year ending December 31, 2020, will be paid by Tenant to
Landlord not later than February 15, 2021. On or before February 15 of the next following twenty (20) calendar years, Tenant shall
pay to Landlord the Percentage Rent due hereunder (if any) for the immediately preceding Lease Year.

 

    	3

    	 

    

 

3.6
Reports.

 

(a)
Tenant agrees to submit to Landlord on or before the tenth (10th) day following the end of each calendar month during
the Term a written statement, signed and verified by an authorized representative of Tenant as true and correct, showing the amount
of Gross Sales from the business conducted at, upon or from the Premises by Tenant during the preceding calendar month, and an
itemization of all authorized deductions therefrom. Tenant further agrees to submit to Landlord on or before the sixtieth (60th)
day following the end of each Lease Year a written statement, signed and verified by an authorized representative of Tenant as
true and correct, showing the amount of such Gross Sales during the preceding Lease Year and an itemization of all authorized
deductions therefrom. Said annual statement shall also be duly certified to be true and correct and in compliance with the definition
of Gross Sales by a senior officer of Tenant in accordance with sound and accepted accounting practice consistently applied. The
statements referred to in this Section shall be in such form and style and shall contain such details and information as Landlord
may reasonably designate and shall be delivered to the address that Landlord may from time to time designate. The acceptance by
Landlord of payments of Percentage Rent or reports of Gross Sales shall be without prejudice and shall not constitute a waiver
of Landlord’s right to claim a deficiency in the payment of Percentage Rent or to audit Tenant’s books and records.

 

(b)
If Tenant’s Gross Sales are required to be reported on any Federal, State or local sales tax return and Gross Sales so reported
on any of said returns shall exceed the Gross Sales as reported by Tenant under this Lease, then the Gross Sales shall be taken
at the highest figure so reported. If any governmental authority shall increase the Gross Sales reported by Tenant on any such
tax return for any Lease Year for which such sales have been reported, then Tenant shall notify Landlord promptly of such increase,
supply to Landlord a true copy of such governmental action and pay any additional Percentage Rent due under this Lease.

 

(c)
Tenant must also provide Landlord a copy of any report provided to Tenant’s franchisor, Quality is Our Recipe, LLC, which
is a subsidiary of The Wendy’s Company (“Franchisor”), that reports gross sales for the Premises,
contemporaneously with providing such report to Franchisor. If the gross sales for the Premises are different than the Gross Sales
otherwise reported by Tenant, Tenant will provide a detailed explanation reconciling the differences.

 

(d)
Landlord shall have the right, upon written demand within thirty (30) days thereafter, and at Landlord’s sole expense, to
have Tenant’s records of Gross Sales for any annual statement period inspected at Tenant’s offices by a licensed accountant
of Landlord’s choice. In the event such inspection discloses an error of three percent (3%) or more in Tenant’s annual
statements of Gross Sales, as adjusted, then in such event the reasonable costs of such inspection shall be paid by Tenant. Landlord’s
failure to make such written demand shall not constitute a waiver of said right for said fiscal year.

 

3.7
Adjustment to Base Gross Sales. Intentionally Omitted.

 

3.8
Audited Financial Statements. Tenant shall provide Landlord with copies of Tenant’s financial statements (including,
without limitation a Balance Sheet and an Income Statement) for each fiscal year ending on the last Sunday of December, beginning
with the fiscal year ending December 27, 2020. Such financial statements will (i) be prepared on the same basis of accounting
as the Tenant uses for its federal income tax returns, (ii) be reviewed by a firm of certified public accountants, (iii) be of
similar detail as the financial statements contained in the Independent Accountant’s Review Report of Vrona & Van Schulyer
CPAs, PLLC dated February 1, 2020, and (iv) be delivered to Landlord promptly upon receipt from said certified public accountants
but in no event no later than March 1 of the following calendar year for each year during the Term of the Lease, as it may be
extended.

 

    	4

    	 

    

 

ARTICLE
IV - SECURITY DEPOSIT

 

4.1
Security Deposit. Tenant shall also deposit with Landlord the Security Deposit set forth in Section 1.19
of this Lease (the “Security Deposit”) on or before the date of full execution of this Lease. Landlord
acknowledges that a Security Deposit in the amount of $5,575.00 is held by Landlord under the Original Lease, which amount will
be deemed to be deposited with Landlord pursuant to this Lease.

 

(a)
Said Security Deposit shall be held by Landlord, without liability for interest thereon, as security for the full and faithful
performance by Tenant of each and every term, covenant and condition of this Lease to be observed and performed by Tenant. Such
Security Deposit shall not be mortgaged, assigned, transferred or encumbered by Tenant and any such act on the part of Tenant
shall be null and void and of no force and effect.

 

(b)
If any of the rents or any other sum payable by Tenant to Landlord shall be unpaid or should Tenant fail to perform any of the
terms of this Lease, then Landlord may, and without prejudice to any other remedy, appropriate and apply said Security Deposit
to rent or other sum owed by Tenant. Any sums so applied shall be immediately due from and paid to Landlord by Tenant so as to
restore the Security Deposit to the original sum required to be deposited. In the event Tenant shall fully and faithfully comply
with all of the terms, covenants and conditions of this Lease, said Security Deposit shall be returned in full to Tenant following
the date of the expiration of the Term and the surrender of the Premises by Tenant in compliance with the provisions of this Lease.

 

(c)
In the event any bankruptcy, insolvency, reorganization or other creditor-debtor proceedings shall be instituted by or against
Tenant, or its successors or assigns, such Security Deposit shall be deemed to be applied first to the payment of any rents and/or
other charges due Landlord for all periods prior to the institution of such proceedings and the balance, if any, of such Security
Deposit may be retained by Landlord in partial liquidation of Landlord’s damages.

 

(d)
Landlord may deliver the Security Deposit to the purchaser or other transferee of Landlord’s interest in the Premises and
thereupon Landlord shall be discharged and released from all further liability with respect to such Security Deposit, and Tenant
agrees to look solely to the new landlord or other transferee for the return of said Security Deposit. No holder of a mortgage
or deed of trust or lessor under a ground or underlying lease to which this Lease is or may be superior or subordinate, shall
be responsible in connection with the Security Deposit, unless such mortgagee or holder of such deed of trust or lessor shall
have actually received the Security Deposit.

 

    	5

    	 

    

 

ARTICLE
V - CONSTRUCTION AND ALTERATIONS

 

5.1
Construction, Alterations, Improvements and Changes.

 

(a)
Tenant, at its own expense, and only after written permission of Landlord has been first obtained, shall have the right to: (i)
alter and/or improve any improvement now existing on the Premises; (ii) construct a new or additional building and/or other improvements
on the Premises; and (iii) make such alterations, improvements and changes to any such building and/or other improvements as Tenant
may deem necessary. Landlord hereby waives right of permission for improvements which shall not materially alter the look or function
of the Premises, provided such improvements shall be to Landlord’s benefit, and further provided that all
improvements made over any twenty-four (24) month period shall be aggregated and shall not exceed 30% of the Base Annual Rent.
Any building or improvements shall be constructed in full compliance with any and all laws, ordinances, rules and regulations
which may govern the same. Tenant shall hold Landlord harmless against any loss or damage by reason of Tenant’s construction
of any building or improvement on the Premises. Tenant shall not be required to receive Landlord’s approval for any alteration
required by Wendy’s International pursuant to the franchise agreement covering the Premises.

 

(b)
During the Term, each party agrees to hold the other party free and harmless from any and all liens that might attach to the Premises
on account of labor performed or for material furnished to the Premises at the instance of such party, and agrees to pay or discharge
any such liens within thirty (30) days, except any liens, the validity of which are being contested diligently by appropriate
legal proceedings. Landlord hereby subordinates any statutory or common law lien it may have on Tenant’s personal property
and fixtures located on the Premises to any purchase money lien attaching to such items, and acknowledges that Landlord has no
lien on any personality, fixtures and equipment located on the Premises and owned by a third party who reserves the right of removal
under agreement with Tenant. Landlord shall from time to time execute any documents necessary to give effect to such subordination
or waiver of liens.

 

5.2
Fixtures and Equipment.

 

(a)
Tenant may, at its own expense, furnish and install such business and trade fixtures and equipment in and on the Premises as may
be necessary or desirable for Tenant’s business. Such fixtures and equipment shall remain the personal property of Tenant
and shall be removed by Tenant at the expiration or termination of this Lease. Upon removal of such fixtures and equipment, Tenant
shall restore the Premises to its condition at the beginning of the Term, reasonable wear and tear excepted. Tenant shall furnish
the signs to be used on the Premises for the advertisement of the business.

 

(b)
Tenant may request approval of Landlord for the right to allow a Lender providing financing to Tenant to place a lien of record,
provided that: (i) the lien is for the amount of funding to the Premises only, and (ii) the lien shall not affect, diminish
or impede any of Landlord’s rights pursuant to this Lease, and (iii) the items of equipment or other items covered by the
lien are specifically listed, and (iv) the lien specifically states that no lien is claimed against Landlord’s property.
Landlord’s approval shall not be unreasonably withheld.

 

    	6

    	 

    

 

5.3
Alterations at Termination. Tenant agrees that all buildings, structures, and improvements erected upon the Premises,
together with all the appurtenances (which will not include fixtures, equipment, signs, and advertising devices), located on the
Premises as of the Commencement Date, are the sole property of Landlord. Any buildings, structures or other improvements together
with all the appurtenances (which will not include fixtures, equipment, signs and advertising devices) which are constructed on
the Premises during the Term, will become the sole property of Landlord when so constructed, erected or placed on the Premises.
Tenant agrees to satisfy or have satisfied all mortgages, liens, or encumbrances placed on its interests in the Premises on the
date or surrender.

 

5.4
Removal of Signs and Trademarks at Termination. Landlord understands that any and all signs which were not structural
and included in the cost of the building bearing the name set forth in Section 1.20 (or any derivation thereof) on the
Premises are the property of Tenant and shall remain the property of Tenant. Landlord shall not use or acquire any interest in
property not included in the cost of the building bearing such trade name, trademark, or symbol, registered or otherwise. Landlord
grants to Tenant the right within thirty (30) days after termination of the Lease, to enter the Premises and remove any and all
property bearing such trade name, trademark or other symbol, whether or not registered. Any sign poles or other devices supporting
signage on the Premises shall become the property of Landlord.

  

ARTICLE
VI - MAINTENANCE, REPAIRS, COVENANT AGAINST

ENCUMBRANCESAND LIENS, AND DESTRUCTION

 

6.1
Maintenance and Repair by Tenant.

 

(a)
Tenant shall, at its own cost and expense, keep, maintain and repair the Premises in good condition. Such repair and maintenance
obligations apply to the entire Premises, including without limitation (i) all buildings and improvements of every kind which
may be a part thereof (whether interior or exterior, structural or non-structural); (ii) all heating, electrical, air conditioning,
ventilating and plumbing equipment therein; and (iii) all appurtenances thereto, including sidewalks and parking areas adjacent
thereto. Tenant shall repair, restore and replace any such improvements which may become inoperable or be destroyed or damaged
by fire, casualty, or any other cause. In the event the Premises are or become subject to the common area maintenance charges,
or other third party billings, Tenant shall be responsible therefor. Tenant shall comply with all federal, state, county, municipal
and other governmental statutes, ordinances, laws and regulations affecting the Premises and improvements thereon, or any activity
or condition on or in the Premises. Tenant shall, at its own expense, keep the Premises in sanitary, clean and neat order and
keep the sidewalks and parking area free of snow and trash.

 

    	7

    	 

    

 

(b)
If Tenant shall fail, refuse or neglect to make repairs in accordance with the terms and provisions of this Lease or if Landlord
is required to make any repairs by reason of any act, omission to act, or negligence of Tenant, or its assignees, subtenants,
concessionaires or licensees, or their respective employees, agents or contractors, Landlord shall have the right, at its option,
after Landlord shall have given to Tenant a ten (10) day notice (except in case of an emergency), (i) to make such repairs on
behalf of and for the account of Tenant, (ii) to enter upon the Premises for such purposes, (iii) to add the cost and expenses
thereof, to and for the next installments of the Base Monthly Rent due. Tenant agrees to pay such amount. Nothing contained in
this Section shall be deemed to impose any duty upon Landlord or affect in any manner the obligations assumed by Tenant hereunder.
Any cost or expense incurred by Landlord and chargeable to Tenant as herein provided shall be reduced to the extent that Landlord
is reimbursed, therefore, under any policy of insurance.

 

6.2
Covenant Against Encumbrances and Liens. Tenant shall not encumber its Leasehold interest in the Premises and shall
do all things necessary to prevent the filing of any mechanics’ or other liens against the Premises or the interest of Landlord
or any ground or underlying lessors therein or the interest of any mortgagees or holders of any deed of trust covering the Premises
by reason of any work, labor, services or materials performed or supplied or claimed to have been performed or supplied to Tenant
or anyone holding the Premises, or any part thereof, through or under Tenant. If any such lien shall at any time be filed, Tenant
shall either cause the same to be vacated and cancelled of record within thirty (30) days after the date of the filing thereof,
or, if Tenant in good faith determines that such lien should be contested, Tenant shall furnish such security, by surety bond
or otherwise as is prescribed by law, to release the same as a lien against the real property, or to post a letter of credit with
Landlord to be used to prevent any foreclosure of such lien during the pendency of such contest. If Tenant shall fail to vacate
or release such lien in the manner and within the time period aforesaid, then, in addition to any other right or remedy of Landlord
resulting from Tenant’s said default, Landlord may, but shall not be obligated to, vacate or release the same by paying
the amount prescribed by law. Tenant shall repay to Landlord, on demand, all sums disbursed or deposited by Landlord pursuant
to the foregoing provisions of this Section, including Landlord’s cost and expenses and reasonable attorney’s fees
incurred in connection therewith. Nothing contained herein shall imply any consent or agreement on the part of Landlord or any
ground or underlying lessors or mortgagees or holders of deeds of trust of the Premises to subject their respective estates or
interest to liability under any mechanics’ or other lien law, whether or not the performance or the furnishing of such work,
labor, services or materials to Tenant or anyone holding the Premises, or any part thereof, through or under Tenant, shall have
been consented to by Landlord and/or any of such parties.

 

6.3
Damage and Destruction.

 

(a)
In the event the Premises shall be damaged or partially destroyed by fire or the elements to the extent of less than one-third
(1/3) of the cost of replacement thereof above foundation, the same shall be repaired as quickly as is practicable, by and at
the expense of Tenant, provided however that Tenant shall be entitled to receive from Landlord up to the cost of said repairs
or replacements to the extent that insurance proceeds shall have been received by Landlord. If such damage or partial destruction
shall be of such character, in Landlord’s sole opinion, so as to require Tenant to discontinue occupancy therein, the rental
provided for herein shall abate from the date of such closing until the Premises are again ready for occupancy. During the period
of repair or construction, Tenant’s other obligations under this Lease, including without limitation, pursuant to Articles
VII and IX, will continue unabated.

 

    	8

    	 

    

 

(b)
If during the first fifteen (15) Lease Years of the Term, the Premises are subject to Total Destruction (as defined below) by
fire or other casualty, within thirty (30) days following such destruction, Landlord and Tenant may mutually agree to terminate
this Lease and neither party will be obligated to rebuild or repair the Premises. For purposes of this Section, “Total
Destruction” means damage to an extent of more than one-third (1/3) of the cost of replacement of the Premises above
the foundation. If the Lease is terminated pursuant to Section 6.3, then all insurance proceeds with respect to the Premises
will be paid to Landlord, with the exception that the insurance proceeds paid for Tenant’s furniture, fixtures, and equipment
will be paid to Tenant. Further, the Base Annual Rent must be paid by Tenant up to the date the Lease is so terminated, and any
Base Annual Rent paid with respect to the period following the termination will be paid to Tenant.

 

(c)
If the Lease is not terminated pursuant to Section 6.3, then the Premises must be repaired and replaced by and at the expense
of Tenant, provided, however, that Tenant shall be entitled to receive any insurance proceeds actually received by Landlord with
respect to the Total Destruction, up to the cost of such repairs and replacement. Tenant shall initiate and pursue the necessary
work with all reasonable dispatch, in a manner consistent with sound construction methods, but it shall not be liable for any
delays or interruptions occasioned by strikes, casualties, critical materials in short supply, governmental regulations, or any
other causes beyond its control. Following the restoration of the Premises or completion of repairs thereto, possession and occupancy
of said Premises shall be tendered to Tenant and Base Annual Rent shall begin to as of that date, and pro-rated payments of the
Base Monthly Rent will be paid on such date, whereupon this Lease shall continue unabated for the remainder of the Term. In the
event the insurance coverage to be provided by Tenant pursuant to Section 9.1 of this Lease shall fail to cover any portion
of the cost of restoring the Premises from any damage, destruction, or casualty loss of any kind whatsoever, the deficiency shall
be paid by Tenant. In the event Landlord shall have to disburse any of its own funds to restore the Premises, the same shall be
immediately due to Landlord from Tenant and shall be deemed additional rent. During the period of repair or construction, Tenant’s
other obligations under this Lease, including without limitation, pursuant to Articles VII and IX, will continue
unabated. The Term of the Lease will be extended by a period equal in duration to the period beginning on the date of the Total
Destruction and ending on the date the repair and replacement of the Premises has been completed.

 

(d)
Provided Tenant has paid Percentage Rent with respect to at least one of the two (2) full Lease Years preceding the Total Destruction
of the Premises, if a Total Destruction of the Premises occurs during the last five (5) Lease Years of the Term, Tenant will have
the right to terminate the Lease as of the date of such Total Destruction by written notice to Landlord within thirty (30) days
following the Total Destruction. If Tenant so elects to terminate the Lease, neither party will be obligated to repair or rebuild
the Premises, and the insurance proceeds and Base Annual Rent will be handled as provided in Section 6.3(b). If Tenant
does not elect to so terminate the Lease, the Premises must be repaired or replaced pursuant to Section 6.3(c).

 

ARTICLE
VII - UTILITIES AND TAXES

 

7.1
Utilities. Tenant shall, during the Term fully and promptly pay for all water, sewer, gas, heat, light, power, telephone
services, internet access and other public utilities of every kind furnished to the Premises. Landlord shall not be liable to
Tenant for any interruption in the aforesaid utility service.

 

    	9

    	 

    

 

7.2
Taxes and Assessments.

 

(a)
Tenant shall, pay and discharge as they become due, promptly and before delinquency, all taxes, assessments, rates, license fees,
municipal liens, levies, excises or imports of every nature and kind levied, assessed, charged, or imposed during the Term on
or against the Premises, Tenant’s leasehold interest in the Premises or personal property of any kind owned or placed in
the Premises by Tenant. Tenant’s responsibility shall include any lease taxes imposed regardless of who the governing body
assessing the tax shall deem responsible for payment. All such taxes and charges (with the exception of personal property taxes
on Tenant’s personal property) shall be prorated at the commencement and expiration of the Term if appropriate. Notwithstanding
the foregoing, Tenant shall only be obligated to pay installments of special assessments (using the longest amortization schedule
available) coming due during the Term.

 

(b)
Tenant shall have the right at its own cost and expense to initiate and prosecute any proceedings permitted by law for the purpose
of obtaining an abatement of or otherwise contesting the validity or amount of taxes assessed to or levied upon the Premises and
required to be paid against Landlord’s estate and, if required by law, Tenant may take such action in the name of Landlord
who shall cooperate with Tenant to such extent as Tenant may reasonably require, provided, however, that Tenant
shall fully indemnify and save Landlord harmless from all loss, cost, damage, and expense incurred by or to be incurred by Tenant
as a result thereof.

 

(c)
If Tenant fails to pay any real estate taxes on the Premises prior to delinquency, then Landlord may require Tenant to pay to
Landlord one-twelfth (1/12) of anticipated real estate taxes on the Premises for each Lease Year with each installment of the
Base Monthly Rent. In the event said payments shall not be sufficient to pay the actual real estate tax amount when known, Tenant
shall pay such shortfall immediately to Landlord. In the event any excess over the amount due has been paid by Tenant, Tenant
may direct Landlord either to apply the excess to the real estate taxes for the following year, or to pay such excess back to
Tenant. In the event timely payment of taxes could be made in more than one (1) calendar year, Landlord shall pay timely up to
the amount due or the amount paid to Landlord by Tenant (whichever is less) in whichever calendar year Tenant shall designate,
provided Tenant shall notify Landlord of designation within ten (10) days of receipt of the applicable tax bill.

 

ARTICLE
VIII - CONDUCT OF BUSINESS

 

8.1
Condition and Use. Tenant shall use the Premises for the purposes of conducting thereon the business allowed in
Section 1.21, and for incidental purposes related thereto. Tenant may not change Tenant’s use of the Premises without
Landlord’s prior approval. No use shall be permitted, or acts done, which will cause a cancellation of any insurance policy
covering the Premises. Tenant shall not sell, permit to be kept, used or sold in or about the Premises any article which may be
prohibited by the standard form of fire insurance policy. Tenant shall, at its own expense, comply with all requirements of any
insurance company necessary for the maintenance of insurance required in this Lease.

 

    	10

    	 

    

 

8.2
Competition. Tenant shall not, during the Term, use, or permit any occupant thereof to use, or sell or lease to
anyone any property owned or leased by Tenant and located within a one (1) mile radius of the Premises for operation of any prohibited
neighborhood operations as set forth in Section 1.22. The terms of this Section shall not apply to Wendy’s Restaurants
located inside of a mall if such restaurant has no customer entrance directly from the out of doors, i.e., where all customers
must enter the restaurant by first passing through common areas of the mall.

 

ARTICLE
IX - INSURANCE AND INDEMNITIES

 

9.1
Casualty Insurance. Tenant shall, at all times during the Term, at Tenant’s sole expense, keep the building
and all improvements, which are now or hereafter a part of the Premises, insured against loss or damage by fire and extended coverage
hazards in an amount equal to at least one hundred percent (100%) of the full insurable value thereof, excluding land, foundation
and excavation costs, with loss payable to Landlord and Landlord’s mortgagee as their interests may appear. Tenant shall
pay the premiums thereon when due and shall request a waiver of coinsurance, or if such waiver is unavailable, shall comply with
the coinsurance provisions thereof.

 

9.2
Public Liability Insurance. Tenant shall, at all times during the Term, and at Tenant’s sole expense, keep
in full force and effect a policy of public liability and property damage insurance with respect to the Premises and all business
operated thereon, with limits of public liability not less than One Million and No/100 Dollars ($1,000,000.00) for injury of or
death to any one person, and One Million and No/100 Dollars ($1,000,000.00) for injury or death in any one occurrence, and property
damage liability insurance in the amount of Ten Thousand and No/100 Dollars ($10,000.00). Tenant may provide the required insurance
by one or more policies, any of which may be blanket coverage provided that the dollar amounts of required coverage can
be determined to be provided by the policy (policies).

 

9.3
Certificates of Insurance. Tenant shall, with respect to any insurance coverage required in this Lease, furnish
Landlord with certificates of insurance stating that Landlord will be notified in writing ten (10) days prior to cancellation,
material change or non-renewal of insurance. If higher limits of insurance on the Premises than those specified above are carried
at the election of Tenant or because higher limits are required by Franchisor, then such higher limits will apply to this Lease.

 

9.4
Loss and Damage. Tenant shall be solely responsible for carrying personal property insurance sufficient to cover
loss of all personal property on the Premises. Such policies must be approved by Landlord. Landlord shall not be liable for any
damage to or loss of property of Tenant or others located on the Premises.

 

9.5
Hold Harmless. Landlord shall not be liable for (and Tenant hereby indemnifies Landlord against) any loss, injury,
death or damage to persons or property which at any time may be suffered or sustained by Tenant or by any person whosoever may
at any time be using, occupying or visiting the Premises or be in, on, or about the same whether such loss, injury, death, or
damage shall be caused by or in any way result from or arise out of any act, omission, or negligence of Tenant or of any occupant,
subtenant, visitor, or user of any portion of the Premises, or shall result from or be caused by any other matter or thing whether
of the same kind as or of a different kind than the matters or things above set forth. Tenant hereby waives all claims against
Landlord for damages to the building and improvements that are now on or hereafter placed or built on the Premises, and for injuries
to persons or property in or about the Premises, from any cause arising at any time. The two preceding sentences shall not apply
to loss, injury, death or damage arising by reasons of the negligence or misconduct of Landlord, its agents, or employees.

 

    	11

    	 

    

 

ARTICLE
X - CONDEMNATION

 

10.1
Total Condemnation. In the event that the entire Premises, or such part of the Premises (including entrances, exits
and parking area) as will render the remainder unsuitable for Tenant’s use, in Tenant’s sole opinion, shall be appropriated
or taken under the power of eminent domain by any public or quasi-public authority, this Lease shall terminate and expire as of
the date of taking.

 

10.2
Partial Condemnation. In the event of partial condemnation, not rendering the remainder of the Premises unsuitable
for Tenant’s use, in Tenant’s sole opinion, this Lease shall remain in full force and effect, with the exception that
the Base Annual Rent shall be reduced to the extent that an appraisal of the leasehold value of the Premises shall show a decrease
in market rent as a result of the taking, provided that the appraiser has been chosen jointly by Landlord and Tenant and further
provided that in no event shall the reduction exceed a pro rata reduction based on the proportion of the Premises taken to the
total size of the original Premises. Provided further that, if Percentage Rent becomes payable for the Lease Year in which
such Base Annual Rent was adjusted, or any subsequent Lease Year, the Base Annual Rent for the next following Lease Year will
be restored to the original, unadjusted Base Annual Rent.

 

10.3
Condemnation Award. Landlord will be the only party entitled to receive a condemnation award (whether by negotiation
or court action) from any taking of the Premises by condemnation or eminent domain. Landlord will be the sole party entitled to
negotiate or prosecute such a claim, at its sole cost and expense, but Tenant will reasonably cooperate in such efforts. If applicable
state law allows separate compensation to Tenant for any diminution in value of the leasehold estate or moving expenses, Tenant,
at Tenant’s sole cost and expense, may pursue such claims, so long as such claims result in a separate award to Tenant and
will not reduce the award payable to Landlord for the taking of the Premises.

 

ARTICLE
XI - DEFAULT

 

11.1
Tenant Default. If (i) default shall be made in the payment of Base Monthly Rent, Percentage Rent, or any other
charge due hereunder, for a period of ten (10) days after written demand (a rejected debit of Tenant’s account pursuant
to Section 3.2 shall be deemed written demand for the amount rejected); or (ii) default shall occur in the due performance
or observance of any other covenant, condition or provision of this Lease on the part of Tenant to be performed, kept or observed,
and if Tenant shall not have taken and diligently continued to pursue steps to remedy the same within thirty (30) days after receipt
by Tenant of written notice from Landlord specifying the default, then Landlord may re-enter the Premises and exercise any right
or remedy provided by law, equity, or this Lease.

 

    	12

    	 

    

 

11.2
Landlord Default. Landlord shall not be deemed to be in default hereunder with respect to any of the terms, covenants
or conditions of this Lease unless Tenant shall first give written notice to Landlord and Landlord fails within thirty (30) days
of receipt thereof to cure said default, or, if the default is of such a nature that it cannot reasonably be cured within thirty
(30) days, Landlord fails to commence to cure such default within such period of thirty (30) days or fails thereafter to proceed
to the curing of such default with all possible diligence.

 

11.3
Parties May Remedy Defaults. In the event of any default hereunder by either party, Landlord or Tenant respectively,
may immediately or at any time thereafter, after having given the other party the requisite notice to cure the same and the time
for such correction having elapsed, cure such default for the account and at the expense of the other party. If Landlord or Tenant
at any time, by reason of such default, is compelled to pay, or elects to pay, any sum of money, or incurs any expense, including
reasonable attorney’s fees, in instituting or prosecuting any action or proceeding to enforce such party’s rights
hereunder, the sum or sums so paid or incurred by such party, (i) if paid or incurred by Landlord shall be deemed to be additional
rent hereunder and shall be due from Tenant to Landlord on the first day of the month following the payment of such respective
sums, and (ii) if paid or incurred by Tenant shall be deductible to the extent thereof from subsequent payments of Base Monthly
Rent. Any amounts payable by either Landlord or Tenant hereunder shall bear interest equal to the current rate which the non-defaulting
party can then obtain from its usual commercial lender in the ordinary course of business. This option given to the parties is
intended for their protection and its existence shall not release the parties from the obligation to perform the terms and covenants
herein provided or deprive Landlord or Tenant of any legal rights which they may have by reason of the other party’s default.

 

11.4
Charge For Late Payments. Without prior notice to Landlord, in addition to any and all costs to become payable by
Tenant under Section 11.3 above, Tenant agrees to pay to Landlord a collection fee of three percent (3%) of any amount
due to Landlord which is not received by Landlord by the tenth (10th) day after the date on which it was due. At any
time that rent is outstanding past the date on which a late rent collection fee can be levied by Landlord, Landlord may also charge
Tenant one (1) percent per month on the outstanding balance from the date that the balance was first due. For the purposes of
this Section, all funds received by Landlord from Tenant will be applied (i) first to any overdue rent, (ii) then to any late
rent collection fees or additional charges hereunder, and (iii) any balance to the current month’s Base Monthly Rent. In
the event such charges are levied, and the next payment by Tenant is not sufficient to pay all charges levied by Landlord, Landlord
shall provide Tenant a statement showing the application of Tenant’s funds to any of the charges in this Section within
fifteen (15) days after receipt of funds against which such charges are levied. Landlord’s waiver of, or failure to collect
any amounts due pursuant to this Section shall not preclude Landlord from future collection of such charges. Nothing in this clause
shall be construed to grant Tenant the option to pay the rent after the due date, and all default remedies shall be available
to Landlord in addition to and during the collection of the amounts set forth in this Section.

 

    	13

    	 

    

 

ARTICLE
XII - ASSIGNMENT, SUBLETTING, AND CONTINUOUS USE

 

12.1
Tenant Assignment and Subletting.

 

(a)
Tenant shall have the right to assign this Lease or sublet the Premises only with Landlord’s prior written consent, which
consent shall not be unreasonably withheld nor unduly delayed. However, such consent may be withheld if, in Landlord’s sole
discretion, such assignee or subtenant is unlikely to achieve sales volumes currently, or in the future, consistent with those
sales volumes originally anticipated to be achieved from Tenant herein.

 

(b)
Notwithstanding the provisions of Section 12.1(a) to the contrary, Tenant may assign or sublet this Lease without the consent
of Landlord, provided all of the following conditions are met: (i) the assignee or subtenant at the time of the transfer is either
Franchisor or a franchisee of Franchisor operating not less than five (5) Wendy’s restaurants and meeting Franchisor’s
current financial requirement for a multi-unit franchisee, (ii) all Wendy’s Leases (as defined in Section 11.5) are
assigned or sublet to such assignee or subtenant, (iii) Tenant has provided Landlord not less than thirty (30) days’ prior
written notice of such assignment or sublease, and (iv) the assignee or subtenant executes a written assumption agreement with
respect to all the Wendy’s Leases, assuming all of the obligations of Tenant upon terms reasonably acceptable to Landlord.
The parties acknowledge that Franchisor currently requires multi-unit franchisees to demonstrate a net worth not less than $5,000,000
and that not less than $2,000,000 of their net worth must be liquid.

 

(c)
Tenant shall not be relieved of the obligation to perform any of the terms and conditions of this Lease following such assignment
or subletting.

 

12.2
Landlord Assignment. Subject to the provisions of Article XIII, Landlord shall have the right to assign or
transfer its interest in this Lease at any time, provided that the assignee or transferee assumes and agrees to be bound by the
terms of this Lease and further provided that Landlord notifies Tenant of such assignment and provides Tenant with an executed
copy of the transfer instrument within a reasonable time subsequent to occurrence.

 

12.3
Continuous Use. In the event the Premises are not used to conduct the business permitted herein for a commercially
reasonable number of hours per day for a period of at least thirty (30) days (other than due to circumstances beyond the control
of Tenant), Landlord may notify Tenant of Landlord’s intent to retake the Premises, and after passage of fourteen (14) days
may retake possession and shall use its best efforts to relet said Premises for such rent and upon such terms as it may deem fit,
holding Tenant responsible for all rent due herein until such time as rents are received under a replacement lease. Upon the re-rental,
if a sufficient sum shall not be thus realized monthly after reasonable expenses of reletting to satisfy the rent owing under
this Lease by Tenant, Tenant agrees to satisfy and pay such monthly deficiency during each month of the remaining period of this
Lease.

 

    	14

    	 

    

 

ARTICLE
XIII - RIGHT OF FIRST REFUSAL

 

13.1
Right of First Refusal. Intentionally Omitted

 

ARTICLE
XIV - MISCELLANEOUS

 

14.1
Accord and Satisfaction. No payment received by Landlord of a lesser amount than the rent or other charges shall
be deemed to be other than on account of the earliest stipulated rent or other charges nor shall any statement on a check or any
letter accompanying a payment of rent or other charges be deemed an accord and satisfaction. Landlord may accept payment without
prejudice to Landlord’s right to recover the balance of rent or other charges to pursue any remedy in this Lease.

 

14.2
Entire Agreement. This Lease and any Exhibits or Addendums attached hereto set forth all covenants, promises, agreements,
conditions and understandings between Landlord and Tenant concerning the Premises. There are no covenants, promises, agreements,
conditions or understandings, either oral or written, between the parties hereto other than as herein set forth. No subsequent
change or addition to this Lease shall be binding upon Landlord or Tenant unless reduced to writing and signed by them.

 

14.3
No Partnership. Landlord does not in any way become a partner, joint venturer, or member of a joint enterprise with
Tenant.

 

14.4
Force Majeure. If either party is delayed from the performance of any act required hereunder by reason of labor
troubles, inability to procure materials, failure of power, restrictive governmental regulations, riots, insurrection, war or
like reasons not the fault of the party delayed, then the period for performance of the act shall be extended for a period equivalent
to the period of the delay.

 

14.5
Waiver. The waiver by Landlord or Tenant of any breach of any term, covenant, or condition herein shall not be deemed
a waiver of the term, covenant, or condition. The acceptance of rent by Landlord shall not be deemed a waiver of any preceding
breach by Tenant of any covenant herein, other than the failure of Tenant to pay the rent so accepted. No covenant, term or condition
of this Lease shall be waived by Landlord or Tenant unless the waiver be in writing.

 

14.6
Notices. Any notices given or required to be given to Landlord shall be sent or personally delivered to the address
stated in Section 1.3, and any notices given or required to be given to Tenant shall be sent or personally delivered to
the address stated in Section 1.5. Unless otherwise stated in this Lease, notices shall be deemed given (i) three (3) days
after being deposited in the U.S. Mail, postage prepaid and correctly addressed, certified or registered mail, to the respective
party, (ii) the next business day after being deposited with a national overnight delivery service (e.g., Federal Express
or UPS) air bill prepaid and correctly addressed for next business day delivery to the respective party, or (iii) when personally
delivered to a party. A party may change its address for notices by providing the other party written notice of such changed address
as provided above.

 

    	15

    	 

    

 

14.7
Partial Invalidity. If any provision of this Lease or any specific application shall be invalid or unenforceable,
the remainder of this Lease, or the application of the provisions in other circumstances, shall not be affected, and each provision
of this Lease shall be valid and enforceable to the fullest extent permitted by law.

 

14.8
Memorandum Lease. Landlord and Tenant upon the request of either party shall execute a Memorandum of Lease in a
form approved for recording by the laws of the state in which the Premises is located. Either party shall be entitled to record
the Memorandum of Lease with the appropriate land title registry of the state in which the Premises is located. If such recording
is required by law, each party shall execute and deliver to the other and/or the appropriate land title register all documents
necessary to accomplish such recording. Tenant shall pay the costs of any mandatory recording.

 

14.9
Consent. Where any provision of this Lease requires prior written consent by either party, such consent shall not
be unreasonably withheld nor unduly delayed.

 

14.10
Quiet Title. Landlord covenants and warrants (unless otherwise specified herein) that Landlord is seized in fee
title to the Premises free and clear of all encumbrances, easements, right of way, reservations, restrictions, covenants, limitations
and conditions which might in any manner or to any extent prohibit, restrict or affect the operation of Tenant’s business
as stated herein with its necessary appurtenances. For so long as Tenant fulfills the conditions and covenants required of Tenant
under this Lease, Tenant shall have peaceful and quiet possession of the Premises. Landlord further covenants and warrants that
Landlord has good right, full power and lawful authority to enter into this Lease for the full Term.

 

14.11
Remedies Cumulative. All remedies conferred on Landlord and Tenant by this Lease shall be deemed cumulative and
no one remedy shall be deemed to be exclusive of the other or of any other remedy conferred by law or equity. Failure to insist
upon strict performance of any of the provisions herein contained shall not be deemed a waiver of any subsequent breach or default
in any such provisions.

 

14.12
Binding Effect. The covenants and agreements contained in this Lease shall bind the respective successors, assigns,
heirs and legal representatives of the parties hereto.

 

14.13
Applicable Law. This Lease shall be governed by the laws of the state in which the Premises are located,

 

14.14
Holding Over. Any holding over after the expiration of the Term (as it may be extended) with or without Landlord’s
consent shall be construed to be a tenancy from month to month at the same Base Monthly Rent in effect immediately prior to the
expiration of the Term, and otherwise on the same terms and conditions hereof.

 

14.15
Subordination and Attornment. This Lease shall be subject and subordinate to any existing mortgage or mortgages
or to any future mortgage or mortgages, or to any renewal, replacement or extension of any existing or future mortgage or mortgages
that are currently or may in the future become a lien on the Premises, provided, however, that the mortgagee of
any such existing or future mortgage agrees not to terminate this Lease, or disturb Tenant’s possession of the Premises,
or do anything which will adversely affect the rights of Tenant hereunder, so long as Tenant pays the rent, and observes and performs
all of the other obligations, provisions, covenants and conditions required of Tenant by this Lease, and Tenant agrees to execute
whatever instruments may be required to effect such subordination. For the purposes of this Section, a mortgage shall be defined
as any financing document representing an interest in the Premises, including, but not limited to, a Mortgage, Deed of Trust,
or Land Contract. Further, Tenant acknowledges and agrees that, if Lender shall succeed to the interest of Landlord under this
Lease, Tenant shall be bound to Lender as Landlord, from and after Lender’s succession to the interest of Landlord under
the Lease, and Lender shall have the same remedies against Tenant for the breach of any agreement contained in the Lease as are
available thereunder to Landlord. Tenant hereby agrees to assign over and pay to Lender all rents due and owing under this Lease
subsequent to Lender’s succession to the interests of Landlord.

 

[THIS
SPACE LEFT BLANK INTENTIONALLY]

 

    	 	16	 

     

    

 

14.17
Signatures. IN WITNESS WHEREOF, the parties hereunto have set their hand and seal on the date set forth in Section
1.1 above:

 

	LANDLORD:	 	TENANT:
	 	 	 
	DIVALL
    INSURED INCOME	 	WENDCHARLES
    II, LLC
	PROPERTIES
    2	 	a
    South Carolina limited liability
	LIMITED
    PARTNERSHIP	 	company
	 	 	 
	By:	The
    Provo Group, Inc., 	 	 	 
	 	its
    general partner	 	 
	 	 	 
	By:	 	 	By:	 
	 	Bruce
    Provo - President	 	 	Lewis
    E. Topper - Manager
	 	 	 	 	 
	 	 	 	By:	 
	 	 	 	 	Jeffrey
    J. Coughlan – Manager

 

    	17

    	 

    

 

	STATE
    OF __________	)	 
	 	) ss	
	COUNTY
    OF __________	)	 

 

Personally
came before me this _____ day of __________, 2020, Bruce Provo, the President of The Provo Group, Inc., the General Partner of
DiVall Insured Income Properties 2 Limited Partnership (the “Company”), to me known to be the person who executed
the foregoing instrument, and to me known to be the President of such General Partner, and acknowledged that he executed the foregoing
instrument as the General Partner of the Company.

 

	 	 
	 	Notary
    Public, State of __________
	 	My
    Commission: __________

 

(Notarial
Seal)

 

	STATE
    OF __________	)	 
	 	) ss	
	COUNTY
    OF __________	)	 

 

Personally
came before me this ____ day of __________, 2020, Lewis E. Topper and Jeffrey J. Coughlan, both Managers of Wendcharles II, LLC
(the “Company”), to me known to be the persons who executed the foregoing instrument, and to me known to be
such Managers of said Company, and acknowledged that they executed the foregoing instrument as such officers as the deed of said
Company, by its authority.

 

	 	 
	 	Notary
    Public, __________
	 	My
    Commission: __________

 

(Notarial
Seal)

 

    	18

    	 

    

 

ADDENDUM
A

 

PERSONAL
GUARANTY – Intentionally Omitted

 

    	 

    	 

    

 

ADDENDUM
B

 

SPECIAL
TERMS – Intentionally Omitted

 

    	 

    	 

    

 

Exhibit
A

 

Legal
Description

1721
Sam Rittenberg, Charleston, South CarolinaExhibit 4.3

       

      

      

       

       

       

       

      	
               

            

       

       

       

       

      HERITAGE FINANCIAL CORPORATION

       

      TO

       

      ______________________

       

      as Trustee

       

       

       

      

       

      	
               

            

       

       

       

       

      INDENTURE

       

      Dated as of             , 202_

       

      SENIOR DEBT SECURITIES

       

       

       

      	
               

            

      

      

      

      

      

      

      

      

      

      

      

      

      
        
          

      

      TABLE OF CONTENTS

      

      

      

      

      
        	
                 

              	Page

              
	
                 

              	
                 

              
	INDENTURE	
                1

                

              
	
                RECITALS OF THE COMPANY 

                

              	
                1 

                

              
	NOW, THEREFORE, THIS INDENTURE WITNESSETH:	
                1 

                

              
	ARTICLE ONE  DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	
                 1

              
	
                   SECTION 101. Definitions

              	
                1 

                

              
	
                   SECTION 102. Compliance Certificates and Opinions

              	
                7 

                

              
	
                   SECTION 103. Form of Documents Delivered to Trustee 

              	
                8 

                

              
	
                   SECTION 104. Acts of Holders

              	
                8 

                

              
	
                   SECTION 105. Notices, etc 

              	
                9 

                

              
	
                   SECTION 106. Notice to Holders; Waiver 

              	
                10 

                

              
	
                   SECTION 107. Effect of Headings and Table of Contents 

              	
                10 

                

              
	
                   SECTION 108. Successors and Assigns 

              	
                11 

                

              
	
                   SECTION 109. Separability Clause 

              	
                11 

                

              
	
                   SECTION 110. Benefits of Indenture 

              	
                11 

                

              
	
                   SECTION 111. No Personal Liability 

              	
                11 

                

              
	
                   SECTION 112. Governing Law 

              	
                11 

                

              
	
                   SECTION 113. Legal Holidays 

              	
                11 

                

              
	
                ARTICLE TWO  SECURITIES FORMS 

                

              	
                12 

                

              
	
                   SECTION 201. Forms of Securities 

              	
                12 

                

              
	
                   SECTION 202. Form of Trustee’s Certificate of Authentication 

              	
                12 

                

              
	
                   SECTION 203. Securities Issuable in Global Form 

              	
                12 

                

              
	
                ARTICLE THREE  THE SECURITIES 

                

              	
                13 

                

              
	
                   SECTION 301. Amount Unlimited; Issuable in Series 

              	
                13 

                

              
	
                   SECTION 302. Denominations 

              	
                16 

                

              
	
                   SECTION 303. Execution, Authentication, Delivery and Dating 

              	
                16 

                

              
	   SECTION 304. Temporary Securities	18 

              
	   SECTION 305. Registration, Registration of Transfer and Exchange	19 

              
	   SECTION 306. Mutilated, Destroyed, Lost and Stolen Securities 	21 

              
	   SECTION 307. Payment of Interest; Interest Rights Preserved 	22 

              
	
                   SECTION 308. Persons Deemed Owners 

              	
                 24

              
	   SECTION 309. Cancellation 	 24
	
                   SECTION 310. Computation of Interest 

              	
                25 

                

              
	ARTICLE FOUR  SATISFACTION AND DISCHARGE	
                25 

                

              
	   SECTION 401. Satisfaction and Discharge of Indenture 	25 

              
	   SECTION 402. Application of Trust Funds 	26 

              
	ARTICLE FIVE  REMEDIES 

              	26 

              
	   SECTION 501. Events of Default 	26 

              
	   SECTION 502. Acceleration of Maturity; Rescission and Annulment 	27 

              
	   SECTION 503. Collection of Indebtedness and Suits for Enforcement by Trustee 	28 

              
	   SECTION 504. Trustee May File Proofs of Claim 	28 

              
	   SECTION 505. Trustee May Enforce Claims Without Possession of Securities or Coupons 	29 

              
	   SECTION 506. Application of Money Collected 	29 

              
	   SECTION 507. Limitation on Suits 	29 

              
	   SECTION 508. Unconditional Right of Holders to Receive Principal, Premium or Make-Whole Amount, if any, Interest and Additional Amounts 	30 

              
	   SECTION 509. Restoration of Rights and Remedies 	30 

              
	   SECTION 510. Rights and Remedies Cumulative 	30 

              
	   SECTION 511. Delay or Omission Not Waiver 	30 

              
	   SECTION 512. Control by Holders of Securities 	30 

              
	   SECTION 513. Waiver of Past Defaults 	31 

              
	   SECTION 514. Waiver of Stay or Extension Laws 	31 

              
	   SECTION 515. Undertaking for Costs 	31 

              
	ARTICLE SIX  THE TRUSTEE 

              	32 

              

        

        

        i

        

        
          
            

        

        	   SECTION 601. Notice of Defaults 	32 

              
	   SECTION 602. Certain Rights of Trustee 	32 

              
	   SECTION 603. Not Responsible for Recitals or Issuance of Securities 	33 

              
	   SECTION 604. May Hold Securities 	33 

              
	   SECTION 605. Money Held in Trust 	33 

              
	   SECTION 606. Compensation and Reimbursement 	34 

              
	   SECTION 607. Corporate Trustee Required; Eligibility 	34 

              
	   SECTION 608. Resignation and Removal; Appointment of Successor 	34 

              
	   SECTION 609. Acceptance of Appointment By Successor 	35 

              
	   SECTION 610. Merger, Conversion, Consolidation or Succession to Business 	36 

              
	   SECTION 611. Appointment of Authenticating Agent 	36 

              
	   SECTION 612. Certain Duties and Responsibilities 	37 

              
	   SECTION 613. Conflicting Interests 	38 

              
	ARTICLE SEVEN  HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 

              	38 

              
	   SECTION 701. Disclosure of Names and Addresses of Holders 	38 

              
	   SECTION 702. Reports by Trustee 	38 

              
	   SECTION 703. Reports by Company 	38 

              
	   SECTION 704. Company to Furnish Trustee Names and Addresses of Holders 	39 

              
	ARTICLE EIGHT  CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE 

              	39 

              
	   SECTION 801. Consolidations and Mergers of Company and Sales, Leases and Conveyances Permitted Subject to Certain Conditions 	39 

              
	   SECTION 802. Rights and Duties of Successor Corporation 	39 

              
	   SECTION 803. Officers’ Certificate and Opinion of Counsel 	40 

              
	ARTICLE NINE  SUPPLEMENTAL INDENTURES	40 

              
	   SECTION 901. Supplemental Indentures without Consent of Holders 	40 

              
	   SECTION 902. Supplemental Indentures with Consent of Holders 	41 

              
	   SECTION 903. Execution of Supplemental Indentures 	42 

              
	   SECTION 904. Effect of Supplemental Indentures 	42 

              
	   SECTION 905. Conformity with Trust Indenture Act 	42 

              
	   SECTION 906. Reference in Securities to Supplemental Indentures 	42 

              
	   SECTION 907. Notice of Supplemental Indentures 	42 

              
	ARTICLE TEN  COVENANTS 

              	43 

              
	   SECTION 1001. Payment of Principal, Premium or Make-Whole Amount, if any, Interest and Additional Amounts 	43 

              
	   SECTION 1002. Maintenance of Office or Agency 	43 

              
	   SECTION 1003. Money for Securities Payments to Be Held in Trust 	44 

              
	   SECTION 1004. Existence    

              	45 

              
	   SECTION 1005. Maintenance of Properties 	45 

              
	   SECTION 1006. Insurance 	45 

              
	   SECTION 1007. Payment of Taxes and Other Claims 	45 

              
	   SECTION 1008. Provision of Financial Information 	46 

              
	   SECTION 1009. Statement as to Compliance 	46 

              
	   SECTION 1010. Additional Amounts 	46 

              
	   SECTION 1011. Waiver of Certain Covenants 	47 

              
	ARTICLE ELEVEN  REDEMPTION OF SECURITIES 

              	47 

              
	   SECTION 1101. Applicability of Article 	47 

              
	   SECTION 1102. Election to Redeem; Notice to Trustee 	47 

              
	   SECTION 1103. Selection by Trustee of Securities to Be Redeemed 	47 

              
	   SECTION 1104. Notice of Redemption 	48 

              
	   SECTION 1105. Deposit of Redemption Price 	49 

              
	   SECTION 1106. Securities Payable on Redemption Date 	49 

              
	   SECTION 1107. Securities Redeemed in Part 	50 

              
	ARTICLE TWELVE  SINKING FUNDS 

              	50 

              
	   SECTION 1201. Applicability of Article 	50 

              
	   SECTION 1202. Satisfaction of Sinking Fund Payments with Securities 	50 

              
	   SECTION 1203. Redemption of Securities for Sinking Fund 	50 

              

        

        

        ii

        

        
          
            

        

        	ARTICLE THIRTEEN  DEFEASANCE AND COVENANT DEFEASANCE 

              	51 

              
	   SECTION 1301. Applicability of Article; Company’s Option to Effect Defeasance or Covenant Defeasance 	51 

              
	   SECTION 1302. Defeasance and Discharge 	51 

              
	   SECTION 1303. Covenant Defeasance 	51 

              
	   SECTION 1304. Conditions to Defeasance or Covenant Defeasance 	52 

              
	   SECTION 1305. Deposited Money and Government Obligations to Be Held in Trust; Other Miscellaneous Provisions 	53 

              
	ARTICLE FOURTEEN  MEETINGS OF HOLDERS OF SECURITIES	 54
	SECTION 1401. Purposes for Which Meetings May Be Called	 54
	SECTION 1402. Call, Notice and Place of Meetings	 54
	SECTION 1403. Persons Entitled to Vote at Meetings	54 

              
	SECTION 1404. Quorum; Action	 54
	SECTION 1405. Determination of Voting Rights; Conduct and Adjournment of Meetings	55 

              
	SECTION 1406. Counting Votes and Recording Action of Meetings	56 

              
	SECTION 1407. Evidence of Action Taken by Holders 	56 

              
	SECTION 1408. Proof of Execution of Instruments 	56 

              

      

      

      

      

      

      

      

      

      

      

      

      iii

      

      
        
          

      

      

      

      

      

      HERITAGE FINANCIAL CORPORATION

       

      Reconciliation and tie between Trust Indenture Act of 1939, as amended (the “TIA”), and Indenture, dated as of             , 202__:

       

       

      	
              Trust Indenture Act Section

            	
               

            	
              Indenture Section

            
	
              Section 310(a)(1)

            	
               

            	
              607

            
	
              (a)(2)

            	
               

            	
              607

            
	
              (b)

            	
               

            	
              608, 613

            
	
              Section 312(a)

            	
               

            	
              704

            
	
              Section 312(c)

            	
               

            	
              701

            
	
              Section 313(a)

            	
               

            	
              702

            
	
              Section 314(a)

            	
               

            	
              703

            
	
              (a)(4)

            	
               

            	
              1,010

            
	
              (c)(1)

            	
               

            	
              102

            
	
              (c)(2)

            	
               

            	
              102

            
	
              (e)

            	
               

            	
              102

            
	
              Section 315(b)

            	
               

            	
              601

            
	
              Section 316(a)(last sentence)

            	
               

            	
              101 (“Outstanding”)

            
	
              (a)(1)(A)

            	
               

            	
              502, 512

            
	
              (a)(1)(B)

            	
               

            	
              513

            
	
              (b)

            	
               

            	
              508

            
	
              Section 317(a)(1)

            	
               

            	
              503

            
	
              (a)(2)

            	
               

            	
              504

            
	
              Section 318(a)

            	
               

            	
              112

            
	
              (c)

            	
               

            	
              112

            

       

       

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

       

      Attention should also be directed to Section 318(c) of the TIA, which provides that the provisions of Sections 310 to and including 317 of the TIA are a part of and govern every qualified indenture, whether or not
        physically contained therein.

      

      

      iv

      

      
        
          

      

      

      

      INDENTURE

       

      INDENTURE, dated as of                     , 202__, between HERITAGE FINANCIAL CORPORATION, a Washington corporation (the “Company”), having its principal office at 201 Fifth
        Avenue S.W., Olympia, Washington 98501, and ___________, a ______________, as Trustee hereunder (the “Trustee”), having its Corporate Trust Office at _________________________, ______, ______ _______.

      RECITALS OF THE COMPANY

       

      The Company deems it necessary to issue from time to time for its lawful purposes senior debt securities (the “Securities”) evidencing its unsecured and unsubordinated
        indebtedness, and has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of the Securities, unlimited as to aggregate principal amount, to bear interest at the rates or formulas, to mature at
        such times and to have such other provisions as shall be fixed therefor as hereinafter provided.

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

      NOW, THEREFORE, THIS INDENTURE WITNESSETH:

       

      For and in consideration of the premises and the purchase of the Securities by the Holders thereof, it is mutually covenanted and agreed, for the equal and proportionate
        benefit of all Holders of the Securities, as follows:

       

      ARTICLE ONE

        

        

        DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

      

      

      SECTION 101.Definitions. 

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

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

      (2) all other terms used herein that are defined in the TIA,
        either directly or by reference therein, have the meanings assigned to them therein, and the terms “cash transaction” and “self-liquidating paper,” as used in TIA Section 311, shall have the meanings assigned to them in the rules of the Commission
        adopted under the TIA; 

      (3) all accounting terms not otherwise defined herein have the
        meanings assigned to them in accordance with accounting principles generally accepted in the United States; and 

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

      Certain terms, used principally in Article Three, Article Five, Article Six and Article Ten, are defined in those Articles. In addition, the following terms shall have the
        indicated respective meanings:

      “Act” has the meaning specified in Section 104.

      “Additional Amounts” means any additional amounts that are required by a Security, under circumstances specified therein, to be paid by the Company in respect of certain taxes
        imposed on certain Holders and that are owing to such Holders.

       

      

      1

      

      
        
          

      

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

      “Authenticating Agent” means any authenticating agent appointed by the Trustee pursuant to Section 611.

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

      “Bankruptcy Law” has the meaning specified in Section 501.

      “Bearer Security” means a Security that is payable to bearer.

      “Board of Directors” means either (i) the Board of Directors of the Company, the executive committee or any other committee or director of that board duly authorized to act for
        it in respect hereof, or (ii) one or more duly authorized officers of the Company to whom the Board of Directors of the Company or a committee thereof has delegated the authority to act with respect to the matters contemplated by this Indenture.

      “Board Resolution” means (i) a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors or a
        committee thereof, and to be in full force and effect on the date of such certification, and delivered to the Trustee or (ii) a certificate signed by the authorized officer or officers of the Company to whom the Board of Directors of the Company or
        a committee thereof has delegated its authority (as described in the definition of Board of Directors), and in each case, delivered to the Trustee.

      “Business Day,” when used with respect to any Place of Payment or any other particular location referred to in this Indenture or in the Securities, means, unless otherwise
        specified with respect to any Securities pursuant to Section 301, any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions or trust companies in New York, New York or that Place of Payment or
        particular location are authorized or required by law, regulation or executive order to  close.

       “Clearstream” means Clearstream Banking, societe anonyme Luxembourg.

      “Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act, or, if at any time after execution of this
        instrument such Commission is not existing and performing the duties now assigned to it under the TIA, then the body performing such duties on such date.

      “Common Depository” has the meaning specified in Section 304(b).

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

      “Company Request” and “Company Order” shall mean a written request or order signed in the name of the Company by the Chairman of the Board of Directors, Chief Executive
        Officer, Chief Financial Officer, President, Executive Vice President, Senior Vice President, Treasurer, Assistant Treasurer, Controller, Assistant Controller, Secretary or Assistant Secretary of the Company, and delivered to the Trustee.
        “Conversion Event” means the cessation of use of (i) a Foreign Currency (other than as otherwise provided with respect to a Security pursuant to Section 301) as provided by the government of the country that issued such currency and for the
        settlement of 

       2

      

      
        
          

      

      transactions by a central bank or other public institutions of or within the international banking community, or (ii) the ECU, both within the European Monetary System and for the settlement of
        transactions by public in situations of or within the European Community, or (iii) any currency unit (or composite currency) for the purposes for which it was established.

      “Corporate Trust Office” means the office of the Trustee at which, at any particular time, its corporate trust business in New York shall be principally administered, which
        office at the date hereof is located at __________________________________ or such other address as the Trustee may designate from time to time by notice to the Holders and the Company, or the principal
        corporate trust officer of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Holders and the Company).

      “Corporation” includes corporations, associations, companies and business trusts.

      “Coupon” means any interest coupon appertaining to a Bearer Security.

      “Custodian” has the meaning set forth in Section 501.

      “Debt” means the principal, premium, if any, unpaid interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to
        the Company whether or not a claim for post-filing interest is allowed in such proceeding), fees, charges, expenses, reimbursement and indemnification obligations, and all other amounts payable under or in respect of the following indebtedness of
        the Company for money borrowed, whether any such indebtedness exists as of the date of the Indenture or is created, incurred, assumed or guaranteed after such date:

      (i) any debt (a) for money borrowed, (b) evidenced by a bond,
        note, debenture, or similar instrument (including purchase money obligations) given in connection with the acquisition of any business, property or assets, whether by purchase, merger, consolidation or otherwise, but shall not include any account
        payable or other obligation created or assumed in the ordinary course of business in connection with the obtaining of materials or services, or (c) that is a direct or indirect obligation that arises as a result of banker’s acceptances or bank
        letters of credit issued to secure obligations of the Company, or to secure the payment of revenue bonds issued for the benefit of the Company, whether contingent or otherwise; 

      (ii)             any debt of others described in the preceding clause (i) that the Company has guaranteed or for which it is otherwise liable; 

      (iii)            the obligation of the Company, as lessee under any lease of property that is reflected on the Company’s balance sheet as a capitalized lease; and 

      (iv)            any deferral, amendment, renewal, extension, supplement or refunding of any liability of the kind described in any of the preceding clauses (i), (ii), and
        (iii);  provided, however,  that, in computing indebtedness of the Company, there shall be excluded any particular indebtedness if, upon or prior to the maturity thereof, there shall have been deposited with
        a depository in trust money (or evidence of indebtedness if permitted by the instrument creating such indebtedness) in the necessary amount to pay, redeem or satisfy such indebtedness as it becomes due, and the amount so deposited shall not be
        included in any computation of the assets of the Company. 

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

      “Dollar” or “$” means a dollar or other equivalent unit in such coin or currency of the United States of America as at the time shall be legal tender for payment of public and
        private debts.

      “DTC” means The Depository Trust Company.

      “Euroclear” means Euroclear Bank, or its successor as operator of the Euroclear System.

      3

      

      
        
          

      

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

      “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder by the Commission.

      “Foreign Currency” means any currency, currency unit or composite currency issued by the government of one or more countries other than the United States of America or by any
        recognized confederation or association of such governments.

      “GAAP” means generally accepted accounting principles as used in the United States applied on a consistent basis as in effect from time to time.

      “Government Obligations” means securities that are (i) direct obligations of the United States of America or the government that issued the Foreign Currency in which the
        Securities of a particular series are payable, for the payment of which its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America or
        such government that issued the Foreign Currency in which the Securities of such series are payable, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America or such other government,
        which, in either case, are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific
        payment of interest on or principal of any such Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction
        from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of the Government Obligation evidenced by such
        depository receipt.

      “Holder” means, in the case of a Registered Security, the Person in whose name a Security is registered in the Security Register and, in the case of a Bearer Security, the
        bearer thereof and, when used with respect to any coupon, shall mean the bearer thereof.

      “Indenture” means this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into
        pursuant to the applicable provisions hereof, and shall include the terms of particular series of Securities established as contemplated by Section 301; provided, however, that, if at any time more than one Person is acting as Trustee under this
        instrument, “Indenture” shall mean, with respect to any one or more series of Securities for which such Person is Trustee, this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures
        supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of the or those particular series of Securities for which such Person is Trustee established as contemplated by Section 301, exclusive,
        however, of any provisions or terms that relate solely to other series of Securities for which such Person is not Trustee, regardless of when such terms or provisions were adopted, and exclusive of any provisions or terms adopted by means of one or
        more indentures supplemental hereto executed and delivered after such Person had become such Trustee but to which such Person, as such Trustee, was not a party.

      “Indexed Security” means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be more or less than the principal face amount
        thereof at original issuance.

      “Interest” when used with respect to an Original Issue Discount Security that by its terms bears interest only after Maturity, shall mean interest payable after Maturity, and,
        when used with respect to a Security that provides for the payment of Additional Amounts pursuant to Section 1010, includes such Additional Amounts.

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

      “Make-Whole Amount” means the amount, if any, in addition to principal that is required by a Security, under the terms and conditions specified therein or as otherwise
        specified as contemplated by Section 301, to be paid 

       4

      

      
        
          

      

       by the Company to the Holder thereof in connection with any optional redemption or accelerated payment of such Security.

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

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

      “Opinion of Counsel” means a written opinion of counsel, who may be an employee of or counsel for the Company or other counsel satisfactory to the Trustee.

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

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

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

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

      (iii) Securities, except solely to the extent provided in
        Sections 1302 or 1303, as applicable, with respect to which the Company has effected defeasance and/or covenant defeasance as provided in Article Thirteen; 

      (iv) Securities that have been paid pursuant to Section 306 or
        in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to the
        Trustee that such Securities are held by a bona fide purchaser in whose hands such Securities are valid obligations of the Company; and 

      (v) Securities converted or exchanged into other securities or
        property (including securities of other issuers, provided that such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for a primary offering of its securities) of
        the Company pursuant to or in accordance with this Indenture if the terms of such Securities provide for convertibility or exchange pursuant to Section 301;  provided, however,  that in determining whether
        the Holders of the requisite principal amount of the Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder or are present at a meeting of Holders for quorum purposes, and for the
        purpose of making the calculations required by TIA Section 313, (i) the principal amount of an Original Issue Discount Security that may be counted in making such determination or calculation and that shall be deemed to be Outstanding for such
        purpose shall be equal to the amount of principal thereof that would be (or shall have been declared to be) due and payable, at the time of such determination, upon a declaration of acceleration of the maturity thereof pursuant to Section 502,
        (ii) the principal amount of any Security denominated in a Foreign Currency that may be counted in making such determination or calculation and that shall be deemed Outstanding for such purpose shall be equal to the Dollar equivalent, determined
        pursuant to Section 301 as of the date such Security is originally issued by the Company, of the principal amount (or, in the case of an Original Issue Discount Security, the Dollar equivalent as of such date of original issuance of the amount
        determined as provided in clause (i) above) of such Security, (iii) the principal amount of any Indexed Security that may be counted in making such determination or calculation and that shall be deemed outstanding for such purpose shall be equal to
        the principal face amount of such Indexed Security at original 

       5

        

      
        
          

      

       issuance, unless otherwise provided with respect to such Indexed Security pursuant to Section 301, and (iv) Securities owned by the Company or any other obligor upon the Securities or any
        Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the  Trustee shall be protected in making such calculation or in relying upon any such request, demand,
        authorization, direction, notice, consent or waiver, only Securities that a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Securities so owned that have been pledged in good faith may be regarded as
        Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company
        or of such other obligor.

      “Paying Agent” means any Person authorized by the Company to pay the principal of (and premium or Make-Whole Amount, if any) or interest on any Securities, or coupons on behalf
        of the Company, or if no such Person is authorized, the Company.

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

      “Place of Payment” means, when used with respect to the Securities of or within any series, the place or places where the principal of (and premium or Make-Whole Amount, if
        any) and interest on such Securities are payable as specified as contemplated by Sections 301 and 1002.

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

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

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

      “Registered Security” means any Security that is registered in the Security Register.

      “Regular Record Date” for the installment of interest payable on any Interest Payment Date on the Registered Securities of or within any series means the date specified for
        that purpose as contemplated by Section 301, whether or not a Business Day.

      “Repayment Date” means, when used with respect to any Security to be repaid, the date fixed for such repayment by or pursuant to this Indenture.

      “Repayment Price” means, when used with respect to any Security to be repaid or purchased, the price at which it is to be repaid pursuant to this Indenture.

      “Responsible Officer” means any vice president, assistant vice president, assistant treasurer, assistant secretary or any other officer of the Trustee customarily performing
        functions similar to those performed by any of the above designated officers and having direct responsibility for the administration of this Indenture, and also, with respect to a particular matter, any other officer to whom such matter is referred
        because of such officer’s knowledge of and familiarity with the particular subject.

      “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder by the Commission.

      6

      

      
        
          

      

      “Security” has the meaning stated in the first recital of this Indenture and, more particularly, means any Security or Securities authenticated and delivered under this
        Indenture; provided, however, that if at any time there  is more than one Person acting as Trustee under this Indenture, “Securities” with respect to the Indenture as to which such Person is Trustee shall have the meaning stated in the first
        recital of this Indenture and shall more particularly mean Securities authenticated and delivered under this Indenture, exclusive, however, of Securities of or within any series as to which such Person is not Trustee.

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

      “Special Record Date” for the payment of any Defaulted Interest on the Registered Securities of or within any series means a date fixed by the Trustee pursuant to Section 307.

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

      “Subsidiary” means, with respect to any Person, any corporation or other entity of which a majority of (i) the voting power of the voting equity securities or (ii) the
        outstanding equity interests of which are owned, directly or indirectly, by such Person. For the purposes of this definition, “voting equity securities” means equity securities having voting power for the election of directors, whether at all times
        or only so long as no senior class of security has such voting power by reason of any contingency.

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

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

      “United States” means, unless otherwise specified with respect to any Securities pursuant to Section 301, the United States of America (including the states and the District of
        Columbia), its territories, its possessions and other areas subject to its jurisdiction.

      “United States person” means, unless otherwise specified with respect to any Securities pursuant to Section 301, an individual who is a citizen or resident of the United
        States, a corporation, partnership or other entity created or organized in or under the laws of the United States or any state or the District of Columbia or an estate or trust the income of which is subject to United States federal income taxation
        regardless of its source.

      “Yield to Maturity” means the yield to maturity, computed at the time of issuance of a Security (or, if applicable, at the most recent predetermination of interest on such
        Security) and as set forth in such Security in accordance with generally accepted United States bond yield computation principles.

      SECTION 102.    Compliance Certificates and Opinions. 

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

      7

      

      
        
          

      

      Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (excluding certificates delivered pursuant to Section 1009)
        shall include:

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

      (2) a brief statement as to the nature and scope of the examination or
        investigation upon which the statements or opinions contained in such certificate or opinion are based; 

      (3) a statement that, in the opinion of each such individual, he has made such
        examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such condition or covenant has been complied with; and 

      (4) a statement as to whether, in the opinion of each such individual, such
        condition or covenant has been complied with. 

      SECTION 103.    Form of Documents Delivered to
          Trustee. 

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

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

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

      SECTION 104.    Acts of Holders. 

      (a) Any request, demand, authorization, direction, notice, consent, waiver or
        other action provided by this Indenture to be given or taken by Holders of the Outstanding Securities of all series or one or more series, as the case may be, may be embodied in and evidenced by one or more instruments of substantially similar
        tenor signed by such Holders in person or by agents duly appointed in writing. If Securities of a series are issuable as Bearer Securities, any request, demand, authorization, direction, notice, consent, waiver or other action provided by this
        Indenture to be given or taken by Holders of Securities of such series may, alternatively, be embodied in and evidenced by the record of Holders of Securities of such series voting in favor thereof, whether in person or by proxies duly appointed in
        writing, at any meeting of Holders of Securities of such series duly called and held in accordance with the provisions of Article Fourteen, or a combination of such instruments and any such record. Except as herein otherwise expressly provided,
        such action shall become effective when such instrument or instruments or record or both are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments and any such record (and the action
        embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments or so voting at any such meeting. Proof of execution of any such instrument or of a writing appointing any
        such agent, or of the holding by any Person of a Security, shall be sufficient for any purpose of this Indenture and (subject to Section 612) conclusive in favor of the Trustee and the Company and any agent of the Trustee or the Company, if 

       8

        

      
        
          

      

      made in the manner provided in this Section. The record of any meeting of Holders of Securities shall be proved in the manner provided in Section 1406. 

      (b) The fact and date of the execution by any Person of any such instrument or
        writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing
        acknowledged to him the execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the
        execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other reasonable manner that the Trustee deems sufficient. 

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

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

      (e) If the Company shall solicit from the Holders of Registered Securities any
        request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, in or pursuant to a Board Resolution, fix in advance a record date for the determination of Holders entitled to give such request,
        demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. Notwithstanding TIA Section 316(c), such record date shall be the record date specified in or pursuant to such Board
        Resolution, which shall be a date not earlier than the date 30 days prior to the first solicitation of Holders generally in connection therewith and not later than the date such solicitation is completed. If such a record date is fixed, such
        request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the close of business on such record date shall be deemed to be Holders for the
        purposes of determining whether Holders of the requisite proportion of Outstanding Securities have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the
        Outstanding Securities shall be computed as of such record date; provided that no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of
        this Indenture not later than eleven months after the record date. 

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

      SECTION 105.    Notices, etc. 

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

      (1) the Trustee by any Holder or by the Company shall be sufficient for every
        purpose hereunder if made, given, furnished or filed in writing to or with the Trustee at its Corporate Trust Office, Attention: Corporate Trust Department, or 

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      (2) the Company by the Trustee or by any Holder shall be sufficient for every
        purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, first class postage prepaid, to the Company  addressed to it at the address of its principal office specified in the first paragraph of this Indenture or at
        any other address previously furnished in writing to the Trustee by the Company.

      SECTION 106.    Notice to Holders; Waiver. 

      Where this Indenture provides for notice of any event to Holders of Registered Securities by the Company or the Trustee, such notice shall be sufficiently given (unless
        otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to each such Holder affected by such event, at his address as it appears in the Security Register (or, in the case of global Securities, delivered to DTC
        electronically), not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to Holders of Registered Securities is given by mail or electronically as prescribed above,
        neither the failure to mail or send such notice, nor any defect in any notice so mailed or sent, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders of Registered Securities or the sufficiency of any
        notice to Holders of Bearer Securities given as provided herein. Any notice mailed or sent to a Holder in the manner herein prescribed shall be conclusively deemed to have been received by such Holder, whether or not such Holder actually receives
        such notice.

      If by reason of the suspension of or irregularities in regular mail service or by reason of any other cause it shall be impracticable to give such notice by mail or
        electronically as prescribed above, then such notification to Holders of Registered Securities as shall be made with the approval of the Trustee shall constitute a sufficient notification to such Holders for every purpose hereunder.

      Except as otherwise expressly provided herein or otherwise specified with respect to any Securities pursuant to Section 301, where this Indenture provides for notice to Holders
        of Bearer Securities of any event, such notice shall be sufficiently given if published in an Authorized Newspaper in the City of Olympia, Washington and in such other city or cities as may be specified in such Securities, and if the Securities of
        such series are listed on any stock exchange outside the United States, in any place at which such Securities are listed on a securities exchange to the extent that such securities exchange so requires, on a Business Day, such publication to be not
        later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. Any such notice shall be deemed to have been given on the date of such publication or, if published more than once, on the date of the
        first such publication.

      If by reason of the suspension of publication of any Authorized Newspaper or Authorized Newspapers or by reason of any other cause it shall be impracticable to publish any
        notice to Holders of Bearer Securities as provided above, then such notification to Holders of Bearer Securities as shall be given with the approval of the Trustee shall constitute sufficient notice to such Holders for every purpose hereunder.
        Neither the failure to give notice by publication to any particular Holder of Bearer Securities as provided above, nor any defect in any notice so published, shall affect the sufficiency of such notice with respect to other Holders of Bearer
        Securities or the sufficiency of any notice to Holders of Registered Securities given as provided herein.

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

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

      SECTION 107.    Effect of Headings and Table of
          Contents. 

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

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        SECTION 108.    Successors and Assigns.

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

      SECTION 109.    Separability Clause. 

      In case any provision in this Indenture or in any Security or coupon 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 110.    Benefits of Indenture. 

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

      SECTION 111.    No Personal Liability. 

      No recourse under or upon any obligation, covenant or agreement contained in this Indenture, in any Security or coupon appertaining thereto, or because of any indebtedness
        evidenced thereby, shall be had against any promoter, as such, or against any past, present or future shareholder, officer or director, as such, of the Company or of any successor, either directly or through the Company or any successor, under any
        rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the Securities by the Holders
        thereof and as part of the consideration for the issue of the Securities.

      SECTION 112.    Governing Law. 

      This Indenture and the Securities and coupons shall be governed by and construed in accordance with the laws of the State of New York and for all purposes shall be governed by and construed in accordance with the law of said State, excluding its conflict of laws rules to the extent such rules would apply the law of another jurisdiction. This
        Indenture is subject to the provisions of the TIA that are required to be part of this Indenture and shall, to the extent applicable, be governed by such provisions.

      SECTION 113.    Legal Holidays. 

      In any case where any Interest Payment Date, Redemption Date, Repayment Date, sinking fund payment date, Stated Maturity or Maturity of any Security or the last date on which a
        Holder has the right to convert or exchange a Security at a particular conversion or exchange price shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or any Security or coupon other
        than a provision in the Securities of any series that specifically states that such provision shall apply in lieu hereof), payment of interest or any Additional Amounts or principal (and premium or Make-Whole Amount, if any) need not be made at
        such Place of Payment on such date, conversion or exchange need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the
        Interest Payment Date, Redemption Date, Repayment Date or sinking fund payment date, or at the Stated Maturity or Maturity or on such last day for conversion or exchange, provided that no interest shall accrue on the amount so payable for the
        period from and after such Interest Payment Date, Redemption Date, Repayment Date, sinking fund payment date, Stated Maturity or Maturity or on such last day for conversion or exchange, as the case may be.

      

      

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      SECTION 114.    Counterparts Originals; Electronic Signatures.

      This Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute
        but one and the same instrument. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu
        of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. The words “execution,” “signed,” “signature,” and words of similar import
        in this Indenture and the Notes shall be deemed to include electronic or digital signatures or the keeping of records in electronic form, each of which shall be of the same effect, validity, and enforceability as manually executed signatures or a
        paper-based recordkeeping system, as the case may be, to the extent and as provided for under applicable law, including the Electronic Signatures in Global and National Commerce Act of 2000 (15 U.S.C. §§ 7001-7006), the Electronic Signatures and
        Records Act of 1999 (N.Y. State Tech. §§ 301-309), or any other similar state laws based on the Uniform Electronic Transactions Act; provided that, notwithstanding anything herein to the contrary, the Trustee is not under any obligation to agree to
        accept electronic signatures in any form or in any format unless expressly agreed to by such Trustee pursuant to procedures approved by such Trustee.

      

      

      ARTICLE TWO

        

        SECURITIES FORMS

      

      

      SECTION 201.    Forms of Securities. 

      The Registered Securities, if any, of each series and the Bearer Securities, if any, and related coupons of each series, shall be in substantially the forms as shall be
        established in or pursuant to one or more indentures supplemental hereto or Board Resolutions, shall have such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture or any indenture
        supplemental hereto, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements placed thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this
        Indenture, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which the Securities may be listed, or to conform to usage.

      Unless otherwise specified as contemplated by Section 301, Bearer Securities shall have interest coupons attached.

      The definitive Securities and coupons shall be printed, lithographed or engraved or produced by any combination of these methods on a steel engraved border or steel engraved
        borders or may be produced in any other manner, all as determined by the officers of the Company executing such Securities or coupons, as evidenced by their execution of such Securities or coupons.

      SECTION 202.    Form of Trustee’s Certificate of
          Authentication. 

      Subject to Section 611, the Trustee’s certificate of authentication shall be in substantially the following form:

      This is one of the Securities of the series designated therein and referred to in the within-mentioned Indenture.

      ________________, as Trustee

      By

      Authorized Officer

      

      

      SECTION 203.    Securities Issuable in Global Form. 

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      If Securities of or within a series are issuable in global form, as specified as contemplated by Section 301, then, notwithstanding clause (8) of Section 301 and the provisions
        of Section 302, any such Security shall represent such of the Outstanding Securities of such series as shall be specified therein and may provide that it shall represent the aggregate amount of Outstanding Securities of such series from time to
        time endorsed thereon and that the aggregate amount of Outstanding Securities of such series represented thereby may from time to time be increased or decreased to reflect exchanges, maturities or redemptions. Any endorsement of a Security in
        global form to reflect the amount, or any increase or decrease in the amount, of Outstanding Securities represented thereby shall be made by the Trustee in such manner and upon written instruction given by such Person or Persons as shall be
        specified therein or in the Company Order to be delivered to the Trustee pursuant to Section 303 or 304. Subject to the provisions of Section 303 and, if applicable, Section 304, the Trustee shall deliver and redeliver any Security in permanent
        global form in the manner and upon written instructions given by the Person or Persons specified therein or in the applicable Company Order. If a Company Order pursuant to Section 303 or 304 has been, or simultaneously is, delivered, any
        instructions by the Company with respect to endorsement or delivery or redelivery of a Security in global form shall be in writing but need not comply with Section 102.

      The provisions of the last sentence of Section 303 shall apply to any Security represented by a Security in global form if such Security was never issued and sold by the
        Company and the Company delivers to the Trustee the Security in global form together with written instructions (which need not comply with Section 102 and need not be accompanied by an Opinion of Counsel) with regard to the reduction in the
        principal amount of Securities represented thereby, together with the written statement contemplated by the last sentence of Section 303.

      Notwithstanding the provisions of Section 307, unless otherwise specified as contemplated by Section 301, payment of principal of and any premium or Make-Whole Amount and
        interest on any Security in permanent global form shall be made to the Person or Persons specified therein.

      Notwithstanding the provisions of Section 308 and except as provided in the preceding paragraph, the Company, the Trustee and any agent of the Company and the Trustee shall
        treat as the Holder of such principal amount of Outstanding Securities represented by a permanent global Security (i) in the case of a permanent global Security in registered form, the Holder of such permanent global Security in registered form, or
        (ii) in the case of a permanent global Security in bearer form, Euroclear or Clearstream.

      Notwithstanding any other provision of this Indenture, so long as a series of Securities is a Global Security, the parties hereto will be bound at all times by the procedures
        of the applicable depositary with respect to such series.

      ARTICLE THREE

        

        THE SECURITIES

      

      

      SECTION 301.    Amount Unlimited; Issuable in
          Series. 

      The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited.

      The Securities may be issued in one or more series. There shall be established in or pursuant to one or more Board Resolutions, or indentures supplemental hereto, prior to the
        issuance of Securities of any series, any or all of the following, as applicable (each of which (except for the matters set forth in clauses (1), (2) and (15) below), if so provided, may be determined from time to time by the Company with respect
        to unissued Securities of or within the series when issued from time to time):

      (1) the title of the Securities of or within the series (that shall distinguish
        the Securities of such series from all other series of Securities); 

      (2) any limit upon the aggregate principal amount of the Securities of or
        within the series that may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration 

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      of transfer of, or in exchange for, or in lieu of, other Securities of or within the series pursuant to Section 304, 305, 306, 906 or 1107); 

      (3) the date or dates, or the method by which such date or dates will be
        determined, on which the principal of the Securities of or within the series shall be payable and the amount of principal payable thereon; 

      (4) the rate or rates (that may be fixed or variable) at which the Securities
        of or within the series shall bear interest, if any, or the method by which such rate or rates shall be determined, the date or dates from which such interest shall accrue or the method by which such date or dates shall be determined, the Interest
        Payment Dates on which such interest will be payable and the Regular Record Date, if any, for the interest payable on any Registered Security on any Interest Payment Date, or the method by which such date shall be determined, and the basis upon
        which interest shall be calculated if other than that of a 360-day year consisting of twelve 30-day months; 

      (5) the place or places, if any, other than or in addition to the City of
        Olympia, Washington, where the principal of (and premium or Make-Whole Amount, if any), interest, if any, on, and Additional Amounts, if any, payable in respect of, Securities of or within the series shall be payable, any Registered Securities of
        or within the series may be surrendered for registration of transfer, exchange or conversion and notices or demands to or upon the Company in respect of the Securities of or within the series and this Indenture may be served; 

      (6) the period or periods within which, the price or prices (including the
        premium or Make-Whole Amount, if any) at which, the currency or currencies, currency unit or units or composite currency or currencies in which and other terms and conditions upon which Securities of or within the series may be redeemed in whole or
        in part, at the option of the Company, if the Company is to have the option; 

      (7) the obligation, if any, of the Company to redeem, repay or purchase
        Securities of or within the series pursuant to any sinking fund or analogous provision or at the option of a Holder thereof, and the period or periods within which or the date or dates on which, the price or prices at which, the currency or
        currencies, currency unit or units or composite currency or currencies in which, and other terms and conditions upon which Securities of or within the series shall be redeemed, repaid or purchased, in whole or in part, pursuant to such obligation; 

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

      (9) if other than the Trustee, the identity of each Security Registrar and/or
        Paying Agent; 

      (10)             if other than the principal amount thereof, the portion of the principal amount of Securities of or within the series that shall be payable upon declaration of
        acceleration of the maturity thereof pursuant to Section 502 or, if applicable, the portion of the principal amount of Securities of or within the series that is convertible in accordance with the provisions of this Indenture, or the method by
        which such portion shall be determined; 

      (11)             if other than Dollars, the Foreign Currency or Currencies in which payment of the principal of (and premium or Make-Whole Amount, if any) or interest or
        Additional Amounts, if any, on the Securities of or within the series shall be payable or in which the Securities of or within the series shall be denominated; 

      (12)            whether the amount of payments of principal of (and premium or Make-Whole Amount, if any) or interest, if any, on the Securities of or within the series may be
        determined with reference to an index, formula or other method (which index, formula or method may be based, without limitation, on one or more currencies, currency units, composite currencies, commodities, equity indices or other indices), and the
        manner in which such amounts shall be determined; 

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      (13) whether the principal of (and premium or Make-Whole Amount, if any) or
        interest or Additional Amounts, if any, on the Securities of or within the series are to be payable, at the election of the Company or a Holder thereof, in a currency or currencies, currency unit or units or composite currency or currencies other
        than that in which such Securities are denominated or stated to be payable, the period or periods within which, and the terms and conditions upon which, such election may be made, and the time and manner of, and identity of the exchange rate agent
        with responsibility for, determining the exchange rate between the currency or currencies, currency unit or units or composite currency or currencies in which such Securities are denominated or stated to be payable and the currency or currencies,
        currency unit or units or composite currency or currencies in which such Securities are to be so payable; 

      (14) provisions, if any, granting special rights to the Holders of Securities
        of or within the series upon the occurrence of such events as may be specified; 

      (15) any deletions from, modifications of or additions to the Events of Default
        or covenants of the Company with respect to Securities of or within the series, whether or not such Events of Default or covenants are consistent with the Events of Default or covenants set forth herein; 

      (16) whether Securities of or within the series are to be issuable as
        Registered Securities, Bearer Securities (with or without coupons) or both, any restrictions applicable to the offer, sale or delivery of Bearer Securities and the terms upon which Bearer Securities of or within the series may be exchanged for
        Registered Securities of or within the series and vice versa (if permitted by applicable laws and regulations), whether any Securities of or within the series are to be issuable initially in temporary global form and whether any Securities of  or
        within the series are to be issuable in permanent global form (with or without coupons) and, if so, whether beneficial owners of interests in any such permanent global Security may exchange such interests for Securities of such series and of like
        tenor of any authorized form and denomination and the circumstances under which any such exchanges may occur, if other than in the manner provided in Section 305, and, if Registered Securities of or within the series are to be issuable as a global
        Security, the identity of the depository for such series;

      (17) the date as of which any Bearer Securities of or within the series and any
        temporary global Security representing Outstanding Securities of or within the series shall be dated if other than the date of original issuance of the first Security of the series to be issued; 

      (18) the Person to whom any interest on any Registered Security of the series
        shall be payable, if other than the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, the manner in which, or the Person to whom, any
        interest on any Bearer Security of the series shall be payable, if otherwise than upon presentation and surrender of the coupons appertaining thereto as they severally mature, and the extent to which, or the manner in which, any interest payable on
        a temporary global Security on an Interest Payment Date will be paid if other than in the manner provided in Section 304; 

      (19) the applicability, if any, of Sections 1302 and/or 1303 to the Securities
        of or within the series and any provisions in modification of, in addition to or in lieu of any of the provisions of Article Thirteen; 

      (20) if the Securities of such series are to be issuable in definitive form
        (whether upon original issue or upon exchange of a temporary Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, then the form and/or terms of such certificates, documents or
        conditions; 

      (21) whether and under what circumstances the Company will pay Additional
        Amounts as contemplated by Section 1010 on the Securities of or within the series to any Holder who is not a United States person (including any modification to the definition of such term) in respect of any tax, assessment or governmental charge
        and, if so, whether the Company will have the option to redeem such Securities rather than pay such Additional Amounts (and the terms of any such option); 

      (22) the obligation, if any, of the Company to permit the Securities of such
        series to be converted into or exchanged for common stock of the Company or other securities or property of the Company and the terms and 

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      conditions upon which such conversion or exchange shall be effected (including, without limitation, the initial conversion price or rate, the conversion or exchange period, any adjustment of the
        applicable conversion or exchange price or rate and any requirements relative to the reservation of such shares for purposes of conversion or exchange); 

      (23) if convertible or exchangeable, any applicable limitations
        on the ownership or transferability of the securities or property into which such Securities are convertible or exchangeable; and 

      (24) any other terms of the series (which terms shall not be
        inconsistent with the provisions of this Indenture except as permitted by Section 905). 

      All Securities of any one series and the coupons appertaining to any Bearer Securities of such series, if any, shall be substantially identical except, in the case of
        Registered or Bearer Securities issued in global form, as to denomination and except as may otherwise be provided in or pursuant to such Board Resolution or in any indenture supplemental hereto. All Securities of any one series need not be issued
        at the same time and, unless otherwise provided, a series may be reopened, without the consent of the Holders, for issuances of additional Securities of such series.

      If any of the terms of the Securities of any series are established by action taken pursuant to one or more Board Resolutions, a copy of an appropriate record of such action(s)
        shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Company Order for authentication and delivery of such Securities.

      SECTION 302.    Denominations. 

      The Securities of each series shall be issuable in such denominations as shall be specified as contemplated by Section 301. With respect to Securities of any series denominated
        in Dollars, in the absence of any such provisions with respect to the Securities of any series, the Registered Securities of such series, other than Registered Securities issued in global form (which may be of any denomination), shall be issuable
        in denominations of $1,000 and any integral multiple thereof.

      SECTION 303.    Execution, Authentication, Delivery
          and Dating. 

      The Securities and any coupons appertaining thereto shall be executed on behalf of the Company by its President or a Vice President. The signature of any of these officers on
        the Securities and coupons may be manual or facsimile signatures of the present or any future such authorized officer and may be imprinted or otherwise reproduced on the Securities.

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

      At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series, together with any coupon appertaining
        thereto, executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Order shall authenticate and deliver such
        Securities; provided, however, that, in connection with its original issuance, no Bearer Security shall be mailed or otherwise delivered to any location in the United States; and provided further that, unless otherwise specified with respect to any
        series of Securities pursuant to Section 301 a Bearer Security may be delivered in connection with its original issuance only if the Person entitled to receive such Bearer Security shall have furnished a certificate to Euroclear or Clearstream, as
        the case may be, in the form set forth in Exhibit A-1 to this Indenture or such other certificate as may be specified with respect to any series of Securities pursuant to Section 301, dated no earlier than 15 days prior to the earlier of the date
        on which such Bearer Security is delivered and the date on which any temporary Security first becomes exchangeable for such Bearer Security in accordance with the terms of such temporary Security and this Indenture.

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      If all of the Securities of any series are not to be issued at one time and if the Board Resolution or supplemental indenture establishing such series shall so permit, such
        Company Order may set forth procedures acceptable to the Trustee for the issuance of such Securities and determining the terms of particular Securities of such series, such as interest rate or formula, maturity date, date of issuance and date from
        which interest shall accrue. In authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to Section 612 and TIA
        Section 315(a) through 315(d)) shall be fully protected in conclusively relying upon:

      (i)           an Opinion of Counsel complying with Section 102 and stating that: 

      (a) the form or forms of such Securities and any coupons have been, or will
        have been upon compliance with such procedures as may be specified therein, established in conformity with the provisions of this Indenture; 

      (b) the terms of such Securities and any coupons have been, or will have been
        upon compliance with such procedures as may be specified therein, established in conformity with the provisions of this Indenture; and 

      (c) such Securities, together with any coupons appertaining thereto, when
        completed pursuant to such procedures as may be specified therein, and executed and delivered by the Company to the Trustee for authentication in accordance with this Indenture, authenticated and delivered by the Trustee in accordance with this
        Indenture and issued by the Company in the manner and subject to any conditions specified in such Opinion of  Counsel, will constitute legal, valid and binding obligations of the Company, enforceable in accordance with their terms, subject to
        applicable bankruptcy, insolvency, reorganization and other similar laws of general applicability relating to or affecting the enforcement of creditors’ rights generally and to general equitable principles and to such other matters as may be
        specified therein.

      (ii)         an Officers’ Certificate complying with Section 102 and stating that all conditions precedent provided for in this Indenture relating to the issuance of such
        Securities have been, or will have been upon compliance with such procedures as may be specified therein, complied with and that, to the best of the knowledge of the signers of such certificate, no Event of Default with respect to such Securities
        shall have occurred and be continuing. 

      Notwithstanding the provisions of Section 301 and of the preceding paragraph, if all the Securities of any series are not to be issued at one time, it shall not be necessary to
        deliver a Company Order, an Opinion of Counsel or an Officers’ Certificate otherwise required pursuant to the preceding paragraph at the time of issuance of each Security of such series, but such order, opinion and certificate, with appropriate
        modifications to cover such future issuances, shall be delivered at or before the time of issuance of the first Security of such series.

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

      Each Registered Security shall be dated the date of its authentication and each Bearer Security shall be dated as of the date specified as contemplated by Section 301.

      No Security or coupon appertaining thereto shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security
        or the Security to which such coupon appertains a certificate of authentication substantially in the form provided for herein duly executed by the Trustee by manual signature of an authorized officer, and such certificate upon any Security shall be
        conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture. Notwithstanding the foregoing, if any Security shall have been authenticated and
        delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 309 together with a written statement (which need not comply with Section 102 and need
        not be accompanied by an Opinion of Counsel) stating that such Security has never been issued or sold by 

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      the Company, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this
        Indenture.

      SECTION 304.    Temporary Securities. 

      (a) Pending the preparation of definitive Securities of any series, the Company
        may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Securities that are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the
        definitive Securities in lieu of which they are issued, in registered form, or, if authorized, in bearer form with one or more coupons or without coupons, and with such appropriate insertions, omissions, substitutions and other variations as the
        officers of the Company executing such Securities may determine, as conclusively evidenced by their execution of such Securities. In the case of Securities of any series, such temporary Securities may be in global form. 

      Except in the case of temporary Securities in global form (which shall be exchanged in accordance with Section 304(b) or as otherwise provided in or pursuant to a Board
        Resolution), if temporary Securities of any series are issued, the Company will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of definitive Securities of such series, the temporary
        Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series at the office or agency of the Company in a Place of Payment for that series, without charge to the
        Holder. Upon surrender for cancellation of any one or more temporary Securities of any series (accompanied by any non-matured coupons appertaining thereto), the Company shall execute and the Trustee shall authenticate and deliver in exchange
        therefor a like principal amount of definitive Securities of the same series of authorized denominations; provided, however, that no definitive Bearer Security shall be delivered in exchange for a temporary Registered Security; and provided further
        that a definitive Bearer Security shall be delivered in exchange for a temporary Bearer Security only in compliance with the conditions set forth in Section 303. Until so exchanged, the temporary Securities of any series shall in all respects be
        entitled to the same benefits under this Indenture as definitive Securities of such series.

      (b) Unless otherwise provided as contemplated in Section 301, this
        Section 304(b) shall govern the exchange of temporary Securities issued in global form other than through the facilities of DTC. If any such temporary Security is issued in global form, then such temporary global Security shall, unless otherwise
        provided therein, be delivered to the London, England office of a depository or common depository (the “Common Depository”), for the benefit of Euroclear and Clearstream. 

      Without unnecessary delay but in any event not later than the date specified in, or determined pursuant to the terms of, any such temporary global Security (the “Exchange
        Date”), the Company shall deliver to the Trustee definitive Securities, in an aggregate principal amount equal to the principal amount of such temporary global Security, executed by the Company. On or after the Exchange Date, such temporary global
        Security shall be surrendered by the Common Depository to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or from time to time in part, for definitive Securities without charge, and the Trustee shall authenticate and
        deliver, in exchange for each portion of such temporary global Security, an equal aggregate principal amount of definitive Securities of or within the same series of authorized denominations and of like tenor as the portion of such temporary global
        Security to be exchanged. The definitive Securities to be delivered in exchange for any such temporary global Security shall be in bearer form, registered form, permanent global bearer form or permanent global registered form, or any combination
        thereof, as specified as contemplated by Section 301, and, if any combination thereof is so specified, as requested by the beneficial owner thereof; provided, however, that, unless otherwise specified in such temporary global Security, upon such
        presentation by the Common Depository, such temporary global Security is accompanied by a certificate dated the Exchange Date or a subsequent date and signed by Euroclear as to the portion of such temporary global Security, if any, held for its
        account then to be exchanged and a certificate dated the Exchange Date or a subsequent date and signed by Euroclear or Clearstream as to the portion of such temporary global Security, if any, held for its account then to be exchanged, each in the
        form set forth in Exhibit A-2 to this Indenture or in such other form as may be established pursuant to Section 301; and provided further that definitive Bearer Securities shall be delivered in exchange for a portion of a temporary global Security
        only in compliance with the requirements of Section 303.

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      Unless otherwise specified in such temporary global Security, the interest of a beneficial owner of Securities of a series in a temporary global Security shall be exchanged for
        definitive Securities of the same series and of like tenor following the Exchange Date when the account holder instructs Euroclear or Clearstream, as the case may be, to request such exchange on his behalf and delivers to Euroclear or Clearstream,
        as the case may be, a certificate in the form set forth in Exhibit A-1 to this Indenture (or in such other form as may be established pursuant to Section 301), dated no earlier than 15 days prior to the Exchange Date, copies of which certificate
        shall be available from the offices of Euroclear or Clearstream, the Trustee, any Authenticating Agent appointed for such series of Securities and each Paying Agent. Unless otherwise specified in such temporary global Security, any such exchange
        shall be made free of charge to the beneficial owners of such temporary global Security, except that a Person receiving definitive Securities must bear the cost of insurance, postage, transportation and the like unless such Person takes delivery of
        such definitive Securities in person at the offices of Euroclear or Clearstream. Definitive Securities in bearer form to be delivered in exchange for any portion of a temporary global Security shall be delivered only outside the United States.

      Until exchanged in full as hereinabove provided, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as
        definitive Securities of the same series and of like tenor authenticated and delivered hereunder, except that, unless otherwise specified as contemplated by Section 301, interest payable on a temporary global Security on an Interest Payment Date
        for Securities of such series occurring prior to the applicable Exchange Date shall be payable to Euroclear or Clearstream on such Interest Payment Date upon delivery by Euroclear or Clearstream to the Trustee of a certificate or certificates in
        the form set forth in Exhibit A-2 to this Indenture (or in such other forms as may be established pursuant to Section 301), for credit without further interest on or after such Interest Payment Date to the respective accounts of Persons who are the
        beneficial owners of such temporary global Security on such Interest Payment Date and who have each delivered to Euroclear or Clearstream, as the case may be, a certificate dated no earlier than 15 days prior to the Interest Payment Date occurring
        prior to such Exchange Date in the form set forth as Exhibit A-1 to this Indenture (or in such other forms as may be established pursuant to Section 301). Notwithstanding anything to the contrary herein contained, the certifications made pursuant
        to this paragraph shall satisfy the certification requirements of the preceding two paragraphs of this Section 304(b) and of the third paragraph of Section 303 of this Indenture and the interests of the Persons who are the beneficial owners of the
        temporary global Security with respect to which such certification was made will be exchanged for definitive Securities of the same series and of like tenor on the Exchange Date or the date of certification if such date occurs after the Exchange
        Date, without further act or deed by such beneficial owners. Except as otherwise provided in this paragraph, no payments of principal or interest owing with respect to a beneficial interest in a temporary global Security will be made unless and
        until such interest in such temporary global Security shall have been exchanged for an interest in a definitive Security. Any interest so received by Euroclear or Clearstream and not paid as herein provided shall be returned to the Trustee prior to
        the expiration of two years after such Interest Payment Date in order to be repaid to the Company.

      SECTION 305.    Registration, Registration of
          Transfer and Exchange. 

      The Company shall cause to be kept at the Corporate Trust Office of the Trustee or in any office or agency of the Company in a Place of Payment a register for each series of
        Securities (the registers maintained in such office or in any such office or agency of the Company in a Place of Payment being herein sometimes referred to collectively as the “Security Register”) in which, subject to such reasonable regulations as
        it or the Security Registrar may prescribe, the Company shall provide for the registration of Registered Securities and of transfers of Registered Securities. The Security Register shall be in written form or any other form capable of being
        converted into written form within a reasonable time. The Trustee, at its Corporate Trust Office, is hereby initially appointed “Security Registrar” for the purpose of registering Registered Securities and transfers of Registered Securities on such
        Security Register as herein provided. In the event that the Trustee shall cease to be Security Registrar, it shall have the right to examine the Security Register at all reasonable times and to require that a copy of the Security Register in
        written form be delivered to it from time to time as reasonably requested. Subject to the provisions of this Section 305, upon surrender for registration of transfer of any Registered Security of any series at any office or agency of the Company in
        a Place of Payment for that series, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Registered Securities of the same series, of any authorized
        denominations and of a like aggregate principal amount, bearing a number not contemporaneously outstanding, and containing identical terms and provisions.

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      Subject to the provisions of this Section 305, at the option of the Holder, Registered Securities of any series may be exchanged for other Registered Securities of the same
        series, of any authorized denomination or denominations and of a like aggregate principal amount, containing identical terms and provisions, upon surrender of the Registered Securities to be exchanged at any such office or agency. Whenever any such
        Registered Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Registered Securities that the Holder making the exchange is entitled to receive. Unless otherwise specified with
        respect to any series of Securities as contemplated by Section 301, Bearer Securities may not be issued in exchange for Registered Securities.

      If (but only if) permitted as contemplated by Section 301, at the option of the Holder, Bearer Securities of any series may be exchanged for Registered Securities of the same
        series of any authorized denominations and of a like aggregate principal amount and tenor, upon surrender of the Bearer Securities to be exchanged at any such office or agency, with all unmatured coupons and all matured coupons in default thereto
        appertaining. If the Holder of a Bearer Security is unable to produce any such unmatured coupon or coupons or matured coupon or coupons in default, any such permitted exchange may be effected if the Bearer Securities are accompanied by payment in
        funds acceptable to the Company in an amount equal to the face amount of such missing coupon or coupons, or the surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there is furnished to them such security or
        indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Security shall surrender to any Paying Agent any such missing coupon in respect of which such a payment shall have been made, such
        Holder shall be entitled to receive the amount of such payment; provided, however, that, except as otherwise provided in Section 1002, interest represented by coupons shall be payable only upon presentation and surrender of those coupons at an
        office or agency located outside the United States. Notwithstanding the foregoing, in case a Bearer Security of any series is surrendered at any such office or agency in a permitted exchange for a Registered Security of the same series and like
        tenor after the close of business at such office or agency on (i) any Regular Record Date and before the opening of business at such office or agency on the relevant Interest Payment Date, or (ii) any Special Record Date and before the opening of
        business at such office or agency on the related proposed date for payment of Defaulted Interest, such Bearer Security shall be surrendered without the coupon relating to such Interest Payment Date or proposed date for payment, as the case may be,
        and interest or Defaulted Interest, as the case may be, will not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of the Registered Security issued in exchange for such Bearer Security, but will
        be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the
        Securities that the holder making the exchange is entitled to receive.

      Notwithstanding the foregoing, except as otherwise specified as contemplated by Section 301, any permanent global Security shall be exchangeable only as provided in this
        paragraph. If the depository for any permanent global Security is DTC, then, unless the terms of such global Security expressly permit such global Security to be exchanged in whole or in part for definitive Securities, a global Security may be
        transferred, in whole but not in part, only to a nominee of DTC, or by a nominee of DTC to DTC, or to a successor to DTC for such global Security selected or approved by the Company or to a nominee of such successor to DTC. If at any time DTC
        notifies the Company that it is unwilling or unable to continue as depository for the applicable global Security or Securities or if at any time DTC ceases to be a clearing agency registered under the Exchange Act if so required by applicable law
        or regulation, the Company shall appoint a successor depository with respect to such global Security or Securities. If (x) a successor depository for such global Security or Securities is not appointed by the Company within 90 days after the
        Company receives such notice or becomes aware of such unwillingness, inability or ineligibility, (y) an Event of Default has occurred and is continuing and the beneficial owners representing a majority in principal amount of the applicable series
        of Securities represented by such global Security or Securities advise DTC to cease acting as depository for such global Security or Securities or (z) the Company, in its sole discretion, determines at any time that all Outstanding Securities (but
        not less than all) of any series issued or issuable in the form of one or more global Securities shall no longer be represented by such global Security or Securities (provided, however, the Company may not make such determination during the 40-day
        restricted period provided by Regulation S under the Securities Act or during any other similar period during which the Securities must be held in global form as may be required by the Securities Act), then the Company shall execute, and the
        Trustee shall authenticate and deliver definitive Securities of like series, rank, tenor and terms in definitive form in an aggregate principal amount equal to the principal amount of such global Security or Securities. If any beneficial owner of
        an interest in a permanent global Security is otherwise entitled to exchange such an interest for Securities 

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      of such series and of like tenor and principal amount of another authorized form and denomination, as specified as contemplated by Section 301 and provided that any applicable notice provided in
        the permanent global Security shall have been given, then without unnecessary delay but in any event not later than the earliest date on which such interest may be so exchanged, the Company shall execute, and the Trustee shall authenticate and
        deliver definitive Securities in aggregate principal amount equal to the principal amount of such beneficial owner’s interest in such permanent global Security. On or after the earliest date on which such interests may be so exchanged, such
        permanent global Security shall be surrendered for exchange by DTC or such other depository as shall be specified in the Company Order with respect thereto to the Trustee, as the Company’s agent for such purpose; provided, however, that no such
        exchanges may occur during a period beginning at the opening of business 15 days before any selection of Securities to be redeemed and ending on the relevant Redemption Date if the Security for which exchange is requested may be among those
        selected for redemption; and provided further that no Bearer Security delivered in exchange for a portion of a permanent global Security shall be mailed or otherwise delivered to any location in the United States. If a Registered Security is issued
        in exchange for any portion of a permanent global Security after the close of business at the office or agency where such exchange occurs on (i) any Regular Record Date and before the opening of business at such office or agency on the relevant
        Interest Payment Date, or (ii) any Special Record Date and before the opening of business at such office or agency on the related proposed date for payment of Defaulted Interest, interest or Defaulted Interest, as the case may be, will not be
        payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of such Registered Security, but will be payable on such Interest Payment Date or proposed date for payment, as the case may be, only to the Person
        to whom interest in respect of such portion of such permanent global Security is payable in accordance with the provisions of this Indenture.

      All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Company, evidencing the same debt, and entitled to the
        same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange.

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

      No service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or other
        governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 304, 906 or 1107 not involving any transfer.

      The Company or the Trustee, as applicable, shall not be required (i) to issue, register the transfer of or exchange any Security if such Security may be among those selected
        for redemption during a period beginning at the opening of business 15 days before selection of the Securities to be redeemed under Section 1103 and ending at the close of business on (A) if such Securities are issuable only as Registered
        Securities, the day of the mailing of the relevant notice of redemption and (B) if such Securities are issuable as Bearer Securities, the day of the first publication of the relevant notice of redemption or, if such Securities are also issuable as
        Registered Securities and there is no publication, the mailing of the relevant notice of redemption, or (ii) to register the transfer of or exchange any Registered Security so selected for redemption in whole or in part, except, in the case of any
        Registered Security to be redeemed in part, the portion thereof not to be redeemed, or (iii) to exchange any Bearer Security so selected for redemption except that such a Bearer Security may be exchanged for a Registered Security of that series and
        like tenor, provided that such Registered Security shall be simultaneously surrendered for redemption, or (iv) to issue or to register the transfer or exchange of any Security that has been surrendered for repayment, except the portion, if any, of
        such Security not to be so repaid.

      SECTION 306.    Mutilated, Destroyed, Lost and
          Stolen Securities. 

      If any mutilated Security or a Security with a mutilated coupon appertaining to it is surrendered to the Trustee or the Company, together with such security or indemnity as may
        be required by the Company or the Trustee to save each of them or any agent of either of them harmless, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same series and principal
        amount, 

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      containing identical terms and provisions and bearing a number not contemporaneously outstanding, with coupons corresponding to the coupons, if any, appertaining to the surrendered Security.

      If there shall be delivered to the Company and to the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Security or coupon, and (ii) such
        security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of actual notice to the Company or the Trustee that such Security or coupon has been acquired by a bona fide
        purchaser, the Company shall execute and upon its request the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security or in exchange for the Security to which a destroyed, lost or stolen coupon appertains
        (with all appurtenant coupons not destroyed, lost or stolen), a new Security of the same series and principal amount, containing identical terms and provisions and bearing a number not contemporaneously outstanding, with coupons corresponding to
        the coupons, if any, appertaining to such destroyed, lost or stolen Security or to the Security to which such destroyed, lost or stolen coupon appertains.

      Notwithstanding the provisions of the previous two paragraphs, in case any such mutilated, destroyed, lost or stolen Security or coupon has become or is about to become due and
        payable, the Company in its discretion may, instead of issuing a new Security, with coupons corresponding to coupons, if any, appertaining to such destroyed, lost or stolen Security or to the Security to which such destroyed, lost or stolen coupon
        appertains, pay such Security or coupon; provided, however, that payment of principal of (and premium or Make-Whole Amount, if any), any interest on and any Additional Amounts with respect to Bearer Securities shall, except as otherwise provided in
        Section 1002, be payable only at an office or agency located outside the United States and, unless otherwise specified as contemplated by Section 301, any interest on Bearer Securities shall be payable only upon presentation and surrender of the
        coupons appertaining thereto.

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

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

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

      SECTION 307.    Payment of Interest; Interest Rights
          Preserved. 

      Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, interest on any Registered Security that is payable, and
        is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such
        interest at the office or agency of the Company maintained for such purpose pursuant to Section 1002; provided, however, that each installment of interest on any Registered Security may at the Company’s option be paid by (i) mailing a check for
        such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 308, to the address of such Person as it appears on the Security Register or (ii) transfer to an account maintained by the payee located inside
        the United States.

      Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series, payment of interest may be made, in the case of a Bearer Security, by
        transfer to an account maintained by the payee with a bank located outside the United States.

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      Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any, payable on any Interest Payment Date will be paid
        to DTC, Euroclear and/or Clearstream, as the case may be, with respect to that portion of such permanent global Security held for its account by DTC, Euroclear or Clearstream, as the case may be, for the purpose of permitting such party to credit
        the interest received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof.

      In case a Bearer Security of any series is surrendered in exchange for a Registered Security of such series after the close of business (at an office or agency in a Place of
        Payment for such series) on any Regular Record Date and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such Bearer Security shall be surrendered without the coupon relating to such Interest
        Payment Date and interest will not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the
        provisions of this Indenture.

      Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, any interest on any Registered Security of any series
        that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder thereof on the relevant Regular Record Date by virtue
        of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

      (1)           The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Registered Securities of such series (or their respective
        Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of
        Defaulted Interest proposed to be paid on each Registered Security of such series and the date of the proposed payment (which shall not be less than 20 days after such notice is received by the Trustee), and at the same time the Company shall
        deposit with the Trustee an amount of money in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the
        Securities of such series) equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit on or prior to the date of the proposed payment, such money
        when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a special record date (herein called a “Special Record Date”) for the payment of such
        Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly
        notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid
        (or to the extent permitted by applicable procedures or regulations, electronically delivered), to each Holder of Registered Securities of such series at such Holder’s address as it appears in the Security Register not less than 10 days prior to
        such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names the Registered Securities
        of such series (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following clause (2). In case a Bearer Security of any series is
        surrendered at the office or agency in a Place of Payment for such series in exchange for a Registered Security of such series after the close of business at such office or agency on any Special Record Date and before the opening of business at
        such office or agency on the related proposed date for payment of Defaulted Interest, such Bearer Security shall be surrendered without the coupon relating to such proposed date of payment and Defaulted Interest will not be payable on such proposed
        date of payment in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture.

      (2) The Company may make payment of any Defaulted Interest on the Registered
        Securities of any series in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after written 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. 

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      Subject to the foregoing provisions of this Section and Section 305, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu
        of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security.

      Subject to the provisions of Section 1302 and except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 301, in the case
        of any Security that is converted or exchanged after any Regular Record Date and on or prior to the next succeeding Interest Payment Date (other than any Security, the principal of (or premium, if any, on) which shall become due and payable,
        whether at a Stated Maturity or by declaration of acceleration, call for redemption, or otherwise, prior to such Interest Payment Date), interest whose Stated Maturity is on such Interest Payment Date shall be payable on such Interest Payment Date
        notwithstanding such conversion or exchange, and such interest (whether or not punctually paid or duly provided for) shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of
        business on such Regular Record Date. Except as otherwise expressly provided in the immediately preceding sentence, in the case of any Security which is converted or exchanged, interest whose Stated Maturity is after the date of conversion or
        exchange of such Security shall not be payable.

       SECTION 308.    Persons Deemed Owners. 

       

        

      Prior to due presentment of a Registered Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in
        whose name such Registered Security is registered as the owner of such Security for the purpose of receiving payment of principal of (and premium or Make-Whole  Amount, if any), and (subject to Sections 305 and 307) interest on, such Registered
        Security and for all other purposes whatsoever, whether or not such Registered Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary.

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

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

      Notwithstanding the foregoing, with respect to any global Security, nothing herein shall prevent the Company, the Trustee, or any agent of the Company or the Trustee, from
        giving effect to any written certification, proxy or other authorization furnished by any depository, as a Holder, with respect to such global Security or impair, as between such depository and owners of beneficial interests in such global
        Security, the operation of customary practices governing the exercise of the rights of such depository (or its nominee) as Holder of such global Security.

      SECTION 309.    Cancellation. 

      All Securities and coupons surrendered for payment, redemption, repayment, registration of transfer or exchange or for credit against any sinking fund payment shall, if
        surrendered to any Person other than the Trustee, be delivered to the Trustee, and any such Securities and coupons and Securities and coupons surrendered directly to the Trustee for any such purpose shall be promptly canceled by it. The Company may
        at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder that the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to
        the Trustee) for cancellation any Securities previously authenticated hereunder that the Company has not issued and sold, and all Securities so delivered shall be promptly canceled by the Trustee. If the Company shall so acquire any of the
        Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation. No Securities shall be
        authenticated in lieu of or in exchange for any Securities canceled as provided in this Section, 

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      except as expressly permitted by this Indenture. Cancelled Securities and coupons held by the Trustee shall be destroyed by the Trustee and, if required in writing by the Company, the Trustee
        shall deliver a certificate of such destruction to the Company, unless by a Company Order the Company directs their return to it.

      SECTION 310.    Computation of Interest. 

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

      ARTICLE FOUR

        

        SATISFACTION AND DISCHARGE

      

      

      SECTION 401.    Satisfaction and Discharge of
          Indenture. 

      This Indenture shall upon Company Request cease to be of further effect with respect to any series of Securities specified in such Company Request (except as to any surviving
        rights of registration of transfer or exchange of Securities of such series herein expressly provided for and any right to receive Additional Amounts, as provided in Section 1010), and the Trustee, upon receipt of a Company Order, and at the
        expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture as to such series when

      (1)            either 

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

        (B) all Securities of such series and, in the case of (i) or (ii) below, any
        coupons appertaining thereto not theretofore delivered to the Trustee for cancellation 

      (i)             have become due and payable, or 

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

      (iii)           if redeemable at the option of the Company, are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of
        notice of redemption by the Trustee in the name, and at the expense, of the Company, and the Company, in the case of (i), (ii) or (iii) above, has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust for the
        purpose an amount in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities of such series are payable, sufficient to pay and discharge the entire indebtedness on such Securities and such
        coupons not theretofore delivered to the Trustee for cancellation, for principal (and premium or Make-Whole Amount, if any) and interest, and any Additional Amounts with respect thereto, to the date of such deposit (in the case of Securities that
        have become due and payable) or the Stated Maturity or Redemption Date, as the case may be;

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

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

      Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee and any predecessor Trustee under Section 606, the obligations
        of the Company to any Authenticating Agent under Section 611 and, if money shall have been deposited with and held by the Trustee pursuant to subclause (B) of clause (1) of this Section, the obligations of the Trustee under Section 402 and the last
        paragraph of Section 1003, shall survive.

      In the event that there are Securities of two or more series outstanding hereunder, the Trustee shall be required to execute an instrument acknowledging satisfaction and
        discharge of this Indenture only if requested to do so with respect to Securities of a particular series as to which it is Trustee and if the other conditions thereto are met.

      SECTION 402.    Application of Trust Funds. 

      Subject to the provisions of the last paragraph of Section 1003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in
        accordance with the provisions of the Securities, the coupons and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons
        entitled thereto, of the principal (and premium or Make-Whole Amount, if any), and any interest and Additional Amounts for whose payment such money has been deposited with or received by the Trustee, but such money need not be segregated from other
        funds except to the extent required by law.

      ARTICLE FIVE

          

          REMEDIES

      SECTION 501.    Events of Default. 

      Subject to any modifications, additions or deletions relating to any series of Securities as contemplated pursuant to Section 301, “Event of Default,” wherever used herein with
        respect to any particular series of Securities, means any one of the following events (whatever the reason for such Event of Default and whether or not it shall be voluntary or involuntary or be effected by operation of law or pursuant to any
        judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

      (1) default in the payment of any interest upon or any Additional Amounts
        payable in respect of any Security of or within that series or of any coupon appertaining thereto, when such interest, Additional Amounts or coupon becomes due and payable, and continuance of such default for a period of 30 days; or 

      (2) default in the payment of the principal of (or premium or Make-Whole
        Amount, if any, on) any Security of that series when it becomes due and payable at its Maturity; or 

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

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

      (5) the Company pursuant to or within the meaning of any Bankruptcy Law: 

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       (A) commences a voluntary case, 

       (B) consents to the entry of an order for relief against it in
        an involuntary case, 

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

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

      (6)           a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

       (A) is for relief against the Company in an involuntary case, 

       (B) appoints a Custodian of the Company or for all or
        substantially all of its property, or 

       (C) orders the liquidation of the Company, and the order or
        decree remains unstayed and in effect for 90 days; or 

      (7)           any other Event of Default provided with respect to Securities of that series. 

      As used in this Section 501, the term “Bankruptcy Law” means Title 11, U.S. Code or any similar Federal or state law for the relief of debtors and the term “Custodian” means
        any receiver, trustee, assignee, liquidator or other similar official under any Bankruptcy Law.

      SECTION 502.    Acceleration of Maturity; Rescission
          and Annulment. 

      If an Event of Default with respect to Securities of any series at the time Outstanding occurs and is continuing, then and in every such case the Trustee or the Holders of not
        less than 25% in aggregate principal amount of the Outstanding Securities of each such affected series (voting as a single class) may declare the principal (or, if any Securities are Original Issue Discount Securities or Indexed Securities, such
        portion of the principal as may be specified in the terms thereof) of, and the Make-Whole Amount, if any, on, all the Securities of that series to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by
        the Holders), and upon any such declaration such principal or specified portion thereof shall become immediately due and payable.

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

      (1) the Company has paid or deposited with the Trustee a sum sufficient to pay
        in the currency, currency unit or composite currency in which the Securities of such series is payable (except as otherwise specified pursuant to Section 301 for the Securities of such series): 

      (A) all overdue installments of interest on and any Additional Amounts payable
        in respect of all Outstanding Securities of that series and any related coupons; 

      (B) the principal of (and premium or Make-Whole Amount, if any, on) any
        Outstanding Securities of that series which have become due otherwise than by such declaration of acceleration and interest thereon at the rate or rates borne by or provided for in such Securities; 

      (C) to the extent that payment of such interest is lawful, interest upon
        overdue installments of interest and any Additional Amounts at the rate or rates borne by or provided for in such Securities; and 

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

      (2)           all Events of Default with respect to Securities of that series, other than the nonpayment of the principal of (or premium or Make-Whole Amount, if any) or
        interest on Securities of that series that have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 513. 

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

      SECTION 503.    Collection of Indebtedness and Suits
          for Enforcement by Trustee. 

      The Company covenants that if:

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

      (2)          default is made in the payment of the principal of (or premium or Make-Whole Amount, if any, on) any Security of any series at its Maturity, then the Company will,
        upon demand of the Trustee, pay to the Trustee, for the benefit of the Holders of such Securities of such series and coupons, the whole amount then due and payable on such Securities and coupons for principal (and premium or Make-Whole Amount, if
        any) and interest  and Additional Amounts, with interest upon any overdue principal (and premium or Make-Whole Amount, if any) and, to the extent that payment of such interest shall be legally enforceable, upon any overdue installments of interest
        or Additional Amounts, if any, at the rate or rates borne by or provided for in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable
        compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.

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

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

      SECTION 504.    Trustee May File Proofs of Claim. 

      In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to
        the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities of any series shall then be due and payable as
        therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal, premium or Make-Whole Amount, if any, or interest) shall be entitled and
        empowered, by intervention in such proceeding or otherwise:

      (i)           to file and prove a claim for the whole amount, or such lesser amount as may be provided for in the Securities of such series, of principal (and premium or
        Make-Whole Amount, if any) and interest and Additional Amounts, if any, owing and unpaid in respect of the Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including
        any claim for the reasonable 

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      compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and 

      (ii)          to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; 

      and any custodian, receiver, assignee, trustee, liquidator, sequestrator (or other similar official) in any such judicial proceeding is hereby authorized by each Holder of
        Securities of such series and coupons to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable
        compensation, expenses, disbursements and advances of the Trustee and any predecessor Trustee, their agents and counsel, and any other amounts due the Trustee or any predecessor Trustee under Section 606.

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

      SECTION 505.    Trustee May Enforce Claims Without
          Possession of Securities or Coupons. 

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

      SECTION 506.    Application of Money Collected. 

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

      FIRST:  To the payment of all amounts due the Trustee and any predecessor Trustee under Section 606,

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

      THIRD:  To the payment of the remainder, if any, to the Company.

      SECTION 507.    Limitation on Suits. 

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

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

       

      

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

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

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

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

      SECTION 508.    Unconditional Right of Holders to
          Receive Principal, Premium or Make-Whole Amount, if any, Interest and Additional Amounts. 

      Notwithstanding any other provision in this Indenture, the Holder of any Security or coupon shall have the right, which is absolute and unconditional, to receive payment of the
        principal of (and premium or Make-Whole Amount, if any) and (subject to Sections 305 and 307) interest on, and any Additional Amounts in respect of, such Security or payment of such coupon on the respective due dates expressed in such Security or
        coupon (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder.

      SECTION 509.    Restoration of Rights and Remedies. 

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

      SECTION 510.    Rights and Remedies Cumulative. 

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

      SECTION 511.    Delay or Omission Not Waiver. 

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

      SECTION 512.    Control by Holders of Securities. 

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      The Holders of not less than a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting
        any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series, provided that

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

      (2) the Trustee may take any other action deemed proper by the Trustee that is
        not inconsistent with such direction, and 

      (3) the Trustee need not take any action that might involve it in personal
        liability or be unduly prejudicial to the Holders of Securities of such series not joining therein (but the Trustee shall have no obligation as to the determination of such undue prejudice). 

      SECTION 513.    Waiver of Past Defaults. 

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

      (1) in the payment of the principal of (or premium or Make-Whole Amount, if
        any) or interest on or Additional Amounts payable in respect of any Security of such series or any related coupons, or 

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

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

      SECTION 514.    Waiver of Stay or Extension Laws. 

      The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or
        advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives
        all benefit or advantage of any such law, and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been
        enacted.

      SECTION 515.    Undertaking for Costs. 

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

       

      

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      ARTICLE SIX

        

        THE TRUSTEE

      

      

      SECTION 601.    Notice of Defaults. 

      Within 90 days after the occurrence of any default hereunder with respect to the Securities of any series, the Trustee shall transmit in the manner and to the extent provided
        in TIA Section 313(c), notice of such default hereunder actually known to a Responsible Officer of the Trustee, unless such default shall have been cured or waived; provided, however, that, except in the case of a default in the payment of the
        principal of (or premium or Make-Whole Amount, if any) or interest on or any Additional Amounts with respect to any Security of such series, or in the payment of any sinking fund installment with respect to the Securities of such series, the
        Trustee shall be protected in withholding such notice if and so long as Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the Holders of the Securities and coupons of such series;
        and provided further that in the case of any default or breach of the character specified in Section 501(4) with respect to the Securities and coupons of such series, no such notice to Holders shall be given until at least 60 days after the
        occurrence thereof. For the purpose of this Section, the term “default” means any event that is, or after notice or lapse of time or both would become, an Event of Default with respect to the Securities of such series.

      SECTION 602.    Certain Rights of Trustee. 

      Subject to the provisions of TIA Section 315(a) through 315(d):

      (1) the Trustee shall perform only such duties as are expressly undertaken by
        it to perform under this Indenture and no implied covenants or obligations shall be read into this Indenture against the Trustee; 

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

      (3) any request or direction of the Company mentioned herein shall be
        sufficiently evidenced by a Company Request or Company Order (other than delivery of any Security, together with any coupons appertaining thereto, to the Trustee for authentication and delivery pursuant to Section 303 that shall be sufficiently
        evidenced as provided therein) and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 

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

      (5) the Trustee may consult with counsel and as a condition to the taking,
        suffering or omission of any action hereunder may demand an Opinion of Counsel, and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by
        it hereunder in good faith and in reliance thereon; 

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

      (7) the Trustee shall not be bound to make any investigation into the facts or
        matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, 

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      debenture, note, coupon or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the
        Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney; 

      (8) the Trustee may execute any of the trusts or powers hereunder or perform
        any duties hereunder either directly or by or through agents, attorneys, custodians or nominees and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent, attorney, custodian or nominee appointed with due
        care by it hereunder; 

      (9) the Trustee shall not be liable for any action taken, suffered or omitted
        by it in good faith and reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; provided, however, that the Trustee’s conduct does not constitute willful misconduct or gross
        negligence. The Trustee shall not be required to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have
        reasonable grounds for believing that repayment of such funds or indemnity satisfactory to the Trustee against such risk or liability is not reasonably assured to it; 

      (10)             in no event shall the Trustee be responsible or liable for special, indirect, or consequential loss or damage of any kind whatsoever (including, but not
        limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action; 

      (11)             the Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or
        unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities and this Indenture; 

      (12)             the rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to,
        and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed to act hereunder; and 

      (13)             the Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of officers authorized at such time to take
        specified actions pursuant to this Indenture. 

      SECTION 603.    Not Responsible for Recitals or
          Issuance of Securities. 

      The recitals contained herein and in the Securities, except the Trustee’s certificate of authentication, and in any coupons shall be taken as the statements of the Company, and
        neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities or coupons, except that the Trustee
        represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the
        Company of Securities or the proceeds thereof.

      SECTION 604.    May Hold Securities. 

      The Trustee, any Paying Agent, Security Registrar, Authenticating Agent or any other agent of the Company, in its individual or any other capacity, may become the owner or
        pledgee of Securities and coupons and, subject to Section 613 and TIA Sections 310(b) and 311, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Paying Agent, Security Registrar, Authenticating Agent or
        such other agent.

      SECTION 605.    Money Held in Trust. 

       

      

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      Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest
        on, or investment of, any money received by it hereunder.

      SECTION 606.    Compensation and Reimbursement. 

      The Company agrees:

      (1) to pay to the Trustee from time to time reasonable compensation for all
        services rendered by it hereunder, including extraordinary services rendered in connection with or during the continuation of a default hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a
        trustee of an express trust); 

      (2) to reimburse each of the Trustee and any predecessor Trustee upon its
        request for all reasonable expenses, disbursements and advances incurred or made by it in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except
        to the extent any such expense, disbursement or advance may be attributable to its gross negligence or bad faith; and 

      (3) to indemnify each of the Trustee and any predecessor Trustee and each of
        their respective directors, officers, agents and employees for, and to hold each of them harmless against, any loss, liability or expense, arising out of or in connection with the acceptance or administration of the trust or trusts or the
        performance of its duties hereunder, including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder except to the extent any such loss,
        liability or expense may be attributable to its own gross negligence or bad faith. 

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

      When the Trustee incurs expenses or renders services in connection with an Event of Default described in Section 501(5) and (6), such expenses (including the fees and expenses
        of its counsel) and the compensation for such services are intended to constitute expenses of administration under any Bankruptcy Law.

      The provisions of this Section shall survive the termination of this Indenture or the resignation or removal of the Trustee.

      SECTION 607.    Corporate Trustee Required;
          Eligibility. 

      There shall at all times be a Trustee hereunder that shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at least
        $50,000,000 or is a subsidiary of a corporation that shall be a Person that has a combined capital and surplus of at least $50,000,000 and that unconditionally guarantees the obligations of the Trustee hereunder. If such Trustee or Person publishes
        reports of condition at least annually, pursuant to law or the requirements of Federal, State, Territorial or District of Columbia supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such
        Trustee or Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it
        shall resign immediately in the manner and with the effect hereinafter specified in this Article.

      SECTION 608.    Resignation and Removal; Appointment
          of Successor. 

      (a) No resignation or removal of the Trustee and no appointment of a successor
        Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 609. 

       

      

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

      (c) The Trustee may be removed at any time with respect to the
        Securities of any series by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Trustee and to the Company. 

      (d) If at any time: 

          (1) the Trustee shall fail to comply with the provisions of Section 613 or
        TIA Section 310(b) after written request therefor by the Company or by any Holder of a Security who has been a bona fide Holder of a Security for at least six months, or 

          (2) the Trustee shall cease to be eligible under Section 607 and shall fail
        to resign after written request therefor by the Company or by any Holder of a Security who has been a bona fide Holder of a Security for at least six months, or 

          (3) the Trustee shall become incapable of acting or shall be adjudged a
        bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation,
        then, in any such case, (i) the Company by or pursuant to a Board Resolution may remove the Trustee and appoint a successor Trustee with respect to all Securities, or (ii) subject to TIA Section 315(e), any Holder of a Security who has been a bona
        fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities and the appointment of a
        successor Trustee or Trustees. 

      (e) If the Trustee shall resign, be removed or become incapable of acting, or
        if a vacancy shall occur in the office of Trustee for any cause with respect to the Securities of one or more series, the Company, by or  pursuant to a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the
        Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the
        Securities of any particular series). If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders
        of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment, become the successor
        Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the Company or
        the Holders of Securities and accepted appointment in the manner hereinafter provided, any Holder of a Security who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly
        situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to Securities of such series.

      (f) The Company shall give notice of each resignation and each removal of the
        Trustee with respect to the Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series in the manner provided for notices to the Holders of Securities in Section 106. Each notice shall include
        the name of the successor Trustee with respect to the Securities of such series and the address of its Corporate Trust Office. 

      SECTION 609.    Acceptance of Appointment By
          Successor. 

      (a) In case of the appointment hereunder of a successor Trustee with respect to
        all Securities, every such successor Trustee shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become
        effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with 

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      all the rights, powers, trusts and duties of the retiring Trustee; but, on request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and
        deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee, and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee
        hereunder, subject nevertheless to its claim, if any, provided for in Section 606. 

      (b) In case of the appointment hereunder of a successor Trustee with respect to
        the Securities of one or more (but not all) series, the Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto, pursuant to Article
        Nine hereof, wherein each successor Trustee shall accept such appointment and that (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers,
        trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain
        such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring
        shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it
        being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or
        trusts hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such
        successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such
        successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect
        to the Securities of that or those series to which the appointment of such successor Trustee relates. 

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

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

      (e) All monies due and owing to the Trustee shall be paid before the Successor
        Trustee takes over. 

      SECTION 610.    Merger, Conversion, Consolidation or
          Succession to Business. 

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

      SECTION 611.    Appointment of Authenticating
          Agent. 

      At any time when any of the Securities remain Outstanding, the Trustee may appoint an Authenticating Agent or Agents with respect to one or more series of Securities that shall
        be authorized to act on behalf of the 

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      Trustee to authenticate Securities of such series issued upon exchange, registration of transfer or partial redemption or repayment thereof or pursuant to Section 306, and Securities so
        authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Any such appointment shall be evidenced by an instrument in writing signed by a
        Responsible Officer of the Trustee, a copy of which instrument shall be promptly furnished to the Company. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of
        authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each
        Authenticating Agent shall be reasonably acceptable to the Company and, except as may otherwise be provided pursuant to Section 301, shall at all times be a bank or trust company or corporation organized and doing business and in good standing
        under the laws of the United States of America or of any State or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $25,000,000 and subject to supervision or
        examination by Federal or State authorities. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or the requirements of the aforesaid supervising or examining authority, then for the purposes of this
        Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time an Authenticating Agent shall cease
        to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section.

      Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or
        consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation
        shall be otherwise eligible under this Section, without the execution or filing of any paper or further act on the part of the Trustee or the Authenticating Agent.

      An Authenticating Agent for any series of Securities may at any time resign by giving written notice of resignation to the Trustee for such series and to the Company. The
        Trustee for any series of Securities may at any time terminate the agency of an Authenticating Agent by giving written notice of termination to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a
        termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee for such series may appoint a successor Authenticating Agent that shall be acceptable to the
        Company and shall give notice of such appointment to all Holders of Securities of or within the series with respect to which such Authenticating Agent will serve in the manner set forth in Section 106. Any successor Authenticating Agent upon
        acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent herein. No successor Authenticating Agent shall be
        appointed unless eligible under the provisions of this Section.

      The Company agrees to pay to each Authenticating Agent from time to time reasonable compensation including reimbursement of its reasonable expenses for its services under this
        Section.

      If an appointment with respect to one or more series is made pursuant to this Section, the Securities of such series may have endorsed thereon, in addition to or in lieu of the
        Trustee’s certificate of authentication, an alternate certificate of authentication substantially in the following form:

      This is one of the Securities of the series designated therein and referred to in the within-mentioned Indenture.

      __________________, as Trustee

      By

      as Authenticating Agent

      By

      Authorized Officer

       

      SECTION 612.    Certain Duties and
          Responsibilities. 

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      No provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties
        hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or indemnity satisfactory to the Trustee against such risk or liability is not reasonably assured to it.
        Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section.

      SECTION 613.    Conflicting Interests. 

      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 this Indenture. To the extent permitted by such Act, the Trustee shall not be deemed to have a conflicting interest by virtue of being a trustee under this Indenture with respect to
        Securities of more than one series. In case an Event of Default shall occur and be continuing, the Trustee shall exercise such of its rights and powers under the applicable Indenture and use the same degree of care and skill in their exercise as a
        prudent person would exercise or use under the circumstances in the conduct of his own affairs.

      ARTICLE SEVEN

        

        HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

      

      

      SECTION 701.    Disclosure of Names and Addresses of
          Holders. 

      Every Holder of Securities or coupons, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any
        Authenticating Agent nor any Paying Agent nor any Security Registrar nor any director, officer, agent or employee of any of them shall be held accountable by reason of the disclosure of any information as to the names and addresses of the Holders
        of Securities or coupons in accordance with TIA Section 312, regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under TIA
        Section 312(b).

      SECTION 702.    Reports by Trustee. 

      Within 60 days after June 15 of each year commencing with the first June 15 after the first issuance of Securities pursuant to this Indenture, the Trustee shall transmit by
        mail to all Holders of Securities as provided in TIA Section 313(c) a brief report dated as of such March 15 if and to the extent required by TIA Section 313(a).

      SECTION 703.    Reports by Company. 

      The Company will:

      (1) file with the Trustee, within 15 days after the Company is required to file
        the same with the Commission, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) that the
        Company may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act; or, if the Company is not required to file information, documents or reports pursuant to either of such Sections, then it will file
        with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information, documents and reports that may be required pursuant to Section 13 of
        the Exchange Act in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; 

      (2) file with the Trustee and the Commission, in accordance with rules and
        regulations prescribed from time to time by the Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants of this Indenture as may be required from time to time by
        such rules and regulations; and 

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      (3) transmit by mail (or to the extent permitted by applicable
        procedures or regulations, deliver electronically) to the Holders of Securities, within 30 days after the filing thereof with the Trustee, in the manner and to the extent provided in TIA Section 313(c), such summaries of any information, documents
        and reports required to be filed by the Company pursuant to paragraphs (1) or (2) of this Section as may be required by rules and regulations prescribed from time to time by the Commission. 

      SECTION 704.    Company to Furnish Trustee Names and
          Addresses of Holders. 

      The Company will furnish or cause to be furnished to the Trustee:

      (a) semi-annually, not later than 15 days after the Regular Record Date for
        interest for each series of Securities, a list, in such form as the Trustee may reasonably require, of the names and addresses of the Holders of Registered Securities of such series as of such Regular Record Date, or if there is no Regular Record
        Date for interest for such series of Securities, semi-annually, upon such dates as are set forth in the Board Resolution or indenture supplemental hereto authorizing such series, and 

      (b) at such other times as the Trustee may request in writing, within 30 days
        after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished, provided, however, that, so long as the Trustee is the Security Registrar, no such
        lists shall be required to be furnished. 

      ARTICLE EIGHT

        

        CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE

      

      

      SECTION 801.    Consolidations and Mergers of
          Company and Sales, Leases and Conveyances Permitted Subject to Certain Conditions. 

      The Company may consolidate with, or sell, lease or convey all or substantially all of its assets to, or merge with or into any other Person, provided that in any such case,
        (i) either the Company shall be the continuing entity, or the successor (if other than the Company) entity shall be a Person organized and existing under the laws of the United States or a State thereof or the District of Columbia and such
        successor entity shall expressly assume the due and punctual payment of the principal of (and premium or Make-Whole Amount, if any) and any interest (including all Additional Amounts, if any, payable pursuant to Section 1010) on all of the
        Securities, according to their tenor, or as otherwise specified pursuant to Section 301, and the due and punctual performance and observance of all of the covenants and conditions of this Indenture to be performed by the Company by supplemental
        indenture, complying with Article Nine hereof, satisfactory to the Trustee, executed and delivered to the Trustee by such Person and (ii) immediately after giving effect to such transaction, no Event of Default, and no event that, after notice or
        the lapse of time, or both, would become an Event of Default, shall have occurred and be continuing.

      SECTION 802.    Rights and Duties of Successor
          Corporation. 

      In case of any such consolidation, merger, sale, lease or conveyance and upon any such assumption by the successor entity, such successor entity shall succeed to and be
        substituted for the Company, with the same effect as if it had been named herein as the party of the first part, and the predecessor entity, except in the event of a lease, shall be relieved of any further obligation under this Indenture and the
        Securities. Such successor entity thereupon may cause to be signed, and may issue either in its own name or in the name of the Company, any or all of the Securities issuable hereunder that theretofore shall not have been signed by the Company and
        delivered to the Trustee; and, upon the order of such successor entity, instead of the Company, and subject to all the terms, conditions and limitations in this Indenture prescribed, the Trustee shall authenticate and shall deliver any Securities
        that previously shall have been signed and delivered by the officers of the Company to the Trustee for authentication, and any Securities that such successor entity thereafter shall cause to be signed and delivered to the Trustee for that purpose.
        All the Securities so issued shall in all respects have the same legal rank and benefit under this Indenture as the Securities theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such Securities had been
        issued at the date of the execution hereof.

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

      SECTION 803.    Officers’ Certificate and Opinion of
          Counsel. 

      Any consolidation, merger, sale, lease or conveyance permitted under Section 801 is also subject to the condition that the Trustee receive an Officers’ Certificate and an
        Opinion of Counsel to the effect that any such consolidation, merger, sale, lease or conveyance, and the assumption by any successor entity, complies with the provisions of this Article and that all conditions precedent herein provided for relating
        to such transaction have been complied with.

      ARTICLE NINE

        

        SUPPLEMENTAL INDENTURES

      

      

      SECTION 901.    Supplemental Indentures without
          Consent of Holders. 

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

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

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

      (3) to add any additional Events of Default for the benefit of the Holders of
        all or any series of Securities (and if such Events of Default are to be for the benefit of less than all series of Securities, stating that such  Events of Default are expressly being included solely for the benefit of such series); provided,
        however, that in respect of any such additional Events of Default such supplemental indenture may provide for a particular period of grace after default (which period may be shorter or longer than that allowed in the case of other defaults) or may
        provide for an immediate enforcement upon such default or may limit the remedies available to the Trustee upon such default or may limit the right of the Holders of a majority in aggregate principal amount of that or those series of Securities to
        which such additional Events of Default apply to waive such default; or

      (4) to add to or change any of the provisions of this Indenture to provide that
        Bearer Securities may be registrable as to principal, to change or eliminate any restrictions on the payment of principal of or any premium, Make-Whole Amount or Interest on Bearer Securities, to permit Bearer Securities to be issued in exchange
        for Registered Securities, to permit Bearer Securities to be issued in exchange for Bearer Securities of other authorized denominations or to permit or facilitate the issuance of Securities in uncertificated form, provided that any such action
        shall not adversely affect the interests of the Holders of Securities of any series or any related coupons in any material respect; or 

      (5) to add to, change or eliminate any of the provisions of this Indenture in
        respect of any series of Securities, provided that any such addition, change or elimination shall (i) neither (A) apply to any Security of any series created prior to the execution of such supplemental indenture and entitled to the benefit of such
        provision, nor (B) modify the rights of the Holder of any such Security with respect to such provision; or (ii) become effective only when there is no Security Outstanding; or 

      (6) to secure the Securities; or 

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      (7) to establish the form or terms of Securities of any series and any related
        coupons as permitted by Sections 201 and 301, including the provisions and procedures relating to Securities convertible into or exchangeable for other securities or property of the Company; or 

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

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

      (10) to close this Indenture with respect to the authentication and delivery of
        additional series of Securities or to qualify, or maintain qualification of, this Indenture under the TIA; or 

      (11) to supplement any of the provisions of this Indenture to such extent as
        shall be necessary to permit or facilitate the defeasance and discharge of any series of Securities pursuant to Sections 401, 1302 and 1303; provided in each case that any such action shall not adversely affect the interests of the Holders of
        Securities of such series and any related coupons or any other series of Securities in any material respect. 

      SECTION 902.    Supplemental Indentures with Consent
          of Holders. 

      The Company and the Trustee may (i) amend or supplement this Indenture or the Securities without notice to any Holder of Securities but with the written consent of the Holders
        of a majority in aggregate principal amount of the Securities of all series then outstanding or (ii) supplement this Indenture with regard to a series of Securities, amend or supplement a Supplemental Indenture relating to a series of Securities,
        or amend the Securities of a series, without notice to any Holder of Securities but with the written consent of the Holders of a majority in aggregate principal amount of the Securities of that series then outstanding. The Holders of a majority in
        principal amount of the Securities of all series then outstanding may waive compliance by the Company with any provision of this Indenture or the Securities without notice to any Holder of Securities. The Holders of a majority in principal amount 
        of the Securities of any series then outstanding may waive compliance with any provision of this Indenture, any Supplemental Indenture or the Securities of that series with regard to the Securities of that series without notice to any Holder of
        Securities. However, without the consent of the Holder of each Outstanding Security affected thereby, no amendment, supplement or waiver may:

      (1) change the Stated Maturity of the principal of (or premium or Make-Whole
        Amount, if any, on) or any installment of principal of or interest on, any Security; or reduce the principal amount thereof or the rate or amount of interest thereon or any Additional Amounts payable in respect thereof, or any premium or Make-Whole
        Amount payable upon the redemption thereof, or change any obligation of the Company to pay Additional Amounts pursuant to Section 1010 (except as contemplated by Section 801(i) and permitted by Section 901(1)), or reduce the amount of the principal
        of an Original Issue Discount Security or Make-Whole Amount, if any, that would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502 or the amount thereof provable in bankruptcy pursuant to
        Section 504, or change any Place of Payment where, or the currency or currencies, currency unit or units or composite currency or currencies in which, the principal of any Security or any premium or Make-Whole Amount or any Additional Amounts
        payable in respect thereof or the interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption or repayment at the option of the
        Holder, on or after the Redemption Date or the Repayment Date, as the case may be); or 

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

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      (3) modify any of the provisions of this Section, Section 513 or Section 1011,
        except to increase the required percentage to effect such action or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby; or 

      (4) make any change that adversely affects the right to convert or exchange any
        Security pursuant to Section 301 or decrease the conversion or exchange rate or increase the conversion or exchange price of any such Security. 

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

      A supplemental indenture that changes or eliminates any covenant or other provision of this Indenture that has expressly been included for the benefit of one or more particular
        series of Securities, or that modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other
        series.

      SECTION 903.    Execution of Supplemental
          Indentures. 

      In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modification thereby of the trusts created by this
        Indenture, the Trustee shall be entitled to receive, and shall be fully protected in relying upon, an Opinion of Counsel and an Officers’ Certificate stating that the execution of such supplemental indenture is authorized or permitted by this
        Indenture and that all conditions precedent to the execution of such supplemental indenture have been complied with. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture that affects the Trustee’s own rights,
        duties or immunities under this Indenture or otherwise.

      SECTION 904.    Effect of Supplemental Indentures. 

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

      SECTION 905.    Conformity with Trust Indenture
          Act. 

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

      SECTION 906.    Reference in Securities to
          Supplemental Indentures. 

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

      SECTION 907.    Notice of Supplemental Indentures. 

      Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of Section 902, the Company shall give notice thereof to
        the Holders of each Outstanding Security affected, in the manner provided for in Section 106, setting forth in general terms the substance of such supplemental indenture.

       

      

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      ARTICLE TEN

        

        COVENANTS

      

      

      SECTION 1001.    Payment of Principal, Premium or
          Make-Whole Amount, if any, Interest and Additional Amounts. 

      The Company covenants and agrees for the benefit of the Holders of each series of Securities that it will duly and punctually pay the principal of (and premium or Make-Whole
        Amount, if any) and interest on and any Additional Amounts payable in respect of the Securities of that series in accordance with the terms of such series of Securities, any coupons appertaining thereto and this Indenture. Unless otherwise
        specified as contemplated by Section 301 with respect to any series of Securities, any interest due on and any Additional Amounts payable in respect of Bearer Securities on or before Maturity, other than Additional Amounts, if any, payable as
        provided in Section 1010 in respect of principal of (or premium or Make-Whole Amount, if any, on) such a Security, shall be payable only upon presentation and surrender of the several coupons for such interest installments as are evidenced thereby
        as they severally mature. Unless otherwise specified with respect to Securities of any series pursuant to Section 301, at the option of the Company, all payments of principal may be paid by check to the registered Holder of the Registered Security
        or other person entitled thereto against surrender of such Security.

      SECTION 1002.    Maintenance of Office or Agency. 

      If Securities of a series are issuable only as Registered Securities, the Company shall maintain in each Place of Payment for any series of Securities an office or agency where
        Securities of that series may be presented or surrendered for payment or conversion, where Securities of that series may be surrendered for registration of transfer or exchange, and where notices and demands to or upon the Company in respect of the
        Securities of that series and this Indenture may be served. If Securities of a series are issuable as Bearer Securities, the Company will maintain: (A) in the City of Olympia, Washington, an office or agency where any Registered Securities of that
        series may be presented or surrendered for payment or conversion, where any Registered Securities of that series may be surrendered for exchange, where notices and demands to or upon the Company in respect of the Securities of that series and this
        Indenture may be served and where Bearer Securities of that series and related coupons may be presented or surrendered for payment or conversion in the circumstances described in the following paragraph (and not otherwise); (B) subject to any laws
        or regulations applicable thereto, in a Place of Payment for that series that is located outside the United States, an office or agency where Securities of that series and related coupons may be presented and surrendered for payment (including
        payment of any Additional Amounts payable on Securities of that series pursuant to Section 1010) or conversion; provided, however, that if the Securities of that series are listed on the Luxembourg Stock Exchange, The International Stock Exchange
        or any other stock exchange located outside the United States and such stock exchange shall so require, the Company will maintain a Paying Agent for the Securities of that series in Luxembourg, London, England or any other required city located
        outside the United States, as the case may be, so long as the Securities of that series are listed on such exchange; and (C) subject to any laws or regulations applicable thereto, in each Place of Payment for that series located outside the United
        States an office or agency where any Securities of that series may be surrendered for registration of transfer, where Securities of that series may be surrendered for exchange and where notices and demands to or upon the Company in respect of the
        Securities of that series and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of each such office or agency. If at any time the Company shall fail to maintain
        any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, except that Bearer Securities
        of that series and the related coupons may be presented and surrendered for payment (including payment of any Additional Amounts payable on Bearer Securities of that series pursuant to Section 1010) at the offices specified in the Security, in
        London, England, and the Company hereby appoints the same as its agent to receive such respective presentations, surrenders, notices and demands, and the Company hereby appoints the Trustee its agent to receive all such presentations, surrenders,
        notices and demands.

      Unless otherwise specified with respect to any Securities pursuant to Section 301, no payment of principal, premium, Make-Whole Amount or interest on or Additional Amounts in
        respect of Bearer Securities shall be made at any office or agency of the Company in the United States or by check mailed to any address in the United States or by transfer to an account maintained with a bank located in the United States;
        provided, however, that, if the 

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      Securities of a series are payable in Dollars, payment of principal of and any premium and interest on any Bearer Security (including any Additional Amounts or Make-Whole Amount payable on
        Securities of such series pursuant to Section 1010) shall be made at the office of the Company’s Paying Agent in the City of Olympia, Washington, if (but only if) payment in Dollars of the full amount of such principal, premium, interest,
        Additional Amounts or Make-Whole Amount, as the case may be, at all offices or agencies outside the United States maintained for the purpose by the Company in accordance with this Indenture, is illegal or effectively precluded by exchange controls
        or other similar restrictions.

      The Company may from time to time designate one or more other offices or agencies where the Securities of one or more series and related coupons, if any, may be presented or
        surrendered for any or all of such purposes, and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in
        accordance with the requirements set forth above for Securities of any series for such purposes. 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.

      Unless otherwise specified with respect to any Securities pursuant to Section 301, if and so long as the Securities of any series (i) are denominated in a Foreign Currency or
        (ii) may be payable in a Foreign Currency, or so long as it is required under any other provision of the Indenture, then the Company will maintain with respect to each such series of Securities, or as so required, at least one exchange rate agent.

      SECTION 1003.    Money for Securities Payments to Be
          Held in Trust. 

      If the Company shall at any time act as its own Paying Agent with respect to any series of any Securities and any related coupons, it will, on or before each due date of the
        principal of (and premium or Make-Whole Amount, if any), or interest on or Additional Amounts in respect of, any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum in the currency or
        currencies, currency unit or units or composite currency or currencies in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series) sufficient to pay the principal (and
        premium or Make-Whole Amount, if any) or interest or Additional Amounts so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to
        act.

      Whenever the Company shall have one or more Paying Agents for any series of Securities and any related coupons, it will, on or before each due date of the principal of (and
        premium or Make-Whole Amount, if any), or interest on or Additional Amounts in respect of, any Securities of that series, deposit with a Paying Agent a sum (in the currency or currencies, currency unit or units or composite currency or currencies
        described in the preceding paragraph) sufficient to pay the principal (and premium or Make-Whole Amount, if any) or interest or Additional Amounts, so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such
        principal, premium, Make-Whole Amount or interest or Additional Amounts and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act.

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

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

      (2) give the Trustee written notice of any default by the Company (or any other
        obligor upon the Securities) in the making of any such payment of principal (and premium or Make-Whole Amount, if any) or interest or Additional Amounts; and 

       

      

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

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

      Except as otherwise provided in the Securities of any series, any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of
        the principal of (and premium or Make-Whole Amount, if any) or interest on, or any Additional Amounts in respect of, any Security of any series and remaining unclaimed for two years after such principal (and premium or Make-Whole Amount, if any),
        interest or Additional Amounts has become due and payable shall be paid to the Company upon Company Request or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured
        general creditor, look only to the Company for payment of such principal of (and premium or Make-Whole Amount, if any) or interest on, or any Additional Amounts in respect of, any Security, without interest thereon, and all liability of the Trustee
        or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at
        the expense of the Company cause to be published once, in an Authorized Newspaper, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication, any
        unclaimed balance of such money then remaining will be repaid to the Company.

      SECTION 1004.    Existence. 

      Subject to Article Eight, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect the existence, rights (charter and
        statutory) and franchises of the Company and its Subsidiaries; provided, however, that the Company shall not be required to preserve any right or franchise if the Board of Directors shall determine that the preservation thereof is no longer
        desirable in the conduct of the business of the Company and its Subsidiaries as a whole and that the loss thereof is not disadvantageous in any material respect to the Holders of Securities of any series.

      SECTION 1005.    Maintenance of Properties. 

      The Company will cause all of its material properties used or useful in the conduct of its business or the business of any Subsidiary to be maintained and kept in good
        condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Company may be necessary so
        that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this Section shall prevent the Company or any Subsidiary from selling or otherwise disposing of its
        properties in the ordinary course of its business.

      SECTION 1006.    Insurance. 

      The Company will, and will cause each of its Subsidiaries to, keep all its insurable properties insured against loss or damage with commercially reasonable amounts and types of
        insurance provided by insurers of recognized responsibility.

      SECTION 1007.    Payment of Taxes and Other Claims. 

      The Company will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (1) all taxes, assessments and governmental charges levied or
        imposed upon it or any Subsidiary or upon the income, profits or property of the Company or any Subsidiary, and (2) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a lien upon the property of the Company or
        any Subsidiary; provided, 

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      however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being
        contested in good faith by appropriate proceedings.

      SECTION 1008.    Provision of Financial
          Information. 

      (a) The Company covenants and agrees to comply with its obligations pursuant to
        Section 703. 

      (b) The Company’s obligations under this Section 1008 and Section 703(1) and
        (2) shall be deemed satisfied, and no further filing with or delivery to the Trustee of copies of such information, documents or reports shall be required pursuant to such Sections, to the extent the Company has filed such information, documents or
        reports with the Commission via the Electronic Data Gathering and Retrieval (EDGAR) or any successor system. 

      SECTION 1009.    Statement as to Compliance. 

      The Company will deliver to the Trustee within 120 days after the end of each fiscal year, a brief certificate from the principal executive officer, principal financial officer
        or principal accounting officer as to his or her knowledge of the Company’s compliance with all conditions and covenants under this Indenture and, in the event of any noncompliance, specifying such noncompliance and the nature and status thereof.
        For purposes of this Section 1009, such compliance shall be determined without regard to any period of grace or requirement of notice under this Indenture.

      SECTION 1010.    Additional Amounts. 

      If any Securities of a series provide for the payment of Additional Amounts, the Company will pay to the Holder of any Security of such series or any coupon appertaining
        thereto Additional Amounts as may be specified as contemplated by Section 301. Whenever in this Indenture there is mentioned, in any context except in the case of Section 502(1), the payment of the principal of or any premium, Make-Whole Amount or
        interest on, or in respect of, any Security of any series or payment of any related coupon or the net proceeds received on the sale or exchange of any Security of any series, such mention shall be deemed to include mention of the payment of
        Additional Amounts provided by the terms of such series established pursuant to Section 301 to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof pursuant to such terms and express mention of the
        payment of Additional Amounts (if applicable) in any provisions hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such express mention is not made.

      Except as otherwise specified as contemplated by Section 301, if the Securities of a series provide for the payment of Additional Amounts, at least 10 days prior to the first
        Interest Payment Date with respect to that series of Securities (or if the Securities of that series will not bear interest prior to Maturity, the first day on which a payment of principal and any premium is made), and at least 10 days prior to
        each date of payment of principal and any premium or Make-Whole Amount or interest if there has been any change with respect to the matters set forth in the below-mentioned Officers’ Certificate, the Company will furnish the Trustee and the
        Company’s principal Paying Agent or Paying Agents, if other than the Trustee, with an Officers’ Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment of principal of and any premium or interest on the
        Securities of that series shall be made to Holders of Securities of that series or any related coupons who are not United States persons without withholding for or on account of any tax, assessment or other governmental charge described in the
        Securities of or within the series. If any such withholding shall be required, then such Officers’ Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders of Securities of that series or
        related coupons and the Company will pay to the Trustee or such Paying Agent the Additional Amounts, if any, required by the terms of such Securities. In the event that the Trustee or any Paying Agent, as the case may be, shall not so receive the
        above mentioned certificate, then the Trustee or such Paying Agent shall be entitled (i) to assume that no such withholding or deduction is required with respect to any payment of principal or interest with respect to any Securities of a series or
        related coupons until it shall have received a certificate advising otherwise and (ii) to make all payments of principal and interest with respect to the Securities of a series or related coupons without withholding or deductions until otherwise
        advised. The Company covenants to indemnify the Trustee and any Paying Agent and their respective officers, directors, employees and agents for, and to hold them harmless against, any loss, liability or expense (including but not limited to legal
        fees and expenses) reasonably 

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      incurred without gross negligence or bad faith on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished
        pursuant to this Section or in reliance on the Company’s not furnishing such an Officers’ Certificate.

      SECTION 1011.    Waiver of Certain Covenants. 

      The Company may omit in any particular instance to comply with any term, provision or condition set forth in Sections 1004 to 1008, inclusive, and with any other term,
        provision or condition with respect to the Securities of any series specified in accordance with Section 301 (except any such term, provision or condition that could not be amended without the consent of all Holders of Securities of such series
        pursuant to Section 902), if before or after the time for such compliance the Holders of at least a majority in principal amount of all outstanding Securities of such series, by Act of such Holders, either waive such compliance in such instance or
        generally waive compliance with such covenant or condition, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the
        Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect.

      ARTICLE ELEVEN

        

        REDEMPTION OF SECURITIES

      

      

      SECTION 1101.    Applicability of Article. 

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

      SECTION 1102.    Election to Redeem; Notice to
          Trustee. 

      The election of the Company to redeem any Securities shall be evidenced by or pursuant to a Board Resolution. In case of any redemption at the election of the Company of less
        than all of the Securities of any series, the Company shall, at least 45 days prior to the giving of the notice of redemption in Section 1104 (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee, in writing, of such
        Redemption Date, of the principal amount of Securities of such series to be redeemed and of the Redemption Price of such Securities and any accrued interest and Additional Amounts payable with respect thereto, if any, on the Redemption Date. In the
        case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate and
        Opinion of Counsel evidencing compliance with such restriction.

      SECTION 1103.    Selection by Trustee of Securities
          to Be Redeemed. 

      If less than all the Securities of any series issued with the same terms are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 days
        prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series issued on such date with the same terms not previously called for redemption, by such method as the Trustee shall deem fair and appropriate, subject to the
        rules and procedures of DTC, and that may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities of that series or any integral multiple thereof) of the principal amount of Securities of
        such series of a denomination larger than the minimum authorized denomination for Securities of that series.

      If any Security selected for partial redemption is converted in part before termination of the conversion or exchange right with respect to the portion of the Security so
        selected, the converted or exchanged portion of such Security shall be deemed (so far as may be) to be the portion selected for redemption. Securities that have been converted or exchanged during a selection of Securities to be redeemed shall be
        treated by the Trustee as Outstanding for the purpose of such selection. In any case where more than one Security is registered in the same name, the Trustee in its discretion may treat the aggregate principal amount so registered as if it were
        represented by one Security.

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      The Trustee shall promptly notify the Company and the Security Registrar (if other than itself) in writing of the Securities selected for redemption and, in the case of any
        Securities selected for partial redemption, the principal amount thereof to be redeemed.

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

      SECTION 1104.    Notice of Redemption. 

      Notice of redemption shall be given in the manner provided in Section 106, not less than 30 days nor more than 60 days prior to the Redemption Date, unless a shorter period is
        specified by the terms of such series established pursuant to Section 301, to each Holder of Securities to be redeemed, but failure to give such notice in the manner herein provided to the Holder of any Security designated for redemption as a whole
        or in part, or any defect in the notice to any such Holder, shall not affect the validity of the proceedings for the redemption of any other such Security or portion thereof.

      Any notice that is mailed or otherwise given to the Holders of Registered Securities in the manner herein provided shall be conclusively presumed to have been duly given,
        whether or not the Holder receives the notice.

      All notices of redemption shall state:

      (1) the Redemption Date; 

      (2) the Redemption Price, accrued interest to the Redemption Date payable as
        provided in Section 1106, if any, and Additional Amounts, if any; 

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

      (4) in case any Security is to be redeemed in part only, that on and after the
        Redemption Date, upon surrender of such Security, the holder will receive, without a charge, a new Security or Securities of authorized denominations for the principal amount thereof remaining unredeemed; 

      (5) that on the Redemption Date the Redemption Price and accrued interest to
        the Redemption Date payable as provided in Section 1106, if any, will become due and payable upon each such Security, or the portion thereof, to be redeemed and, if applicable, that interest thereon shall cease to accrue on and after said date; 

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

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

      (8) that, unless otherwise specified in such notice, Bearer Securities of any
        series, if any, surrendered for redemption must be accompanied by all coupons maturing subsequent to the date fixed for redemption or the amount of any such missing coupon or coupons will be deducted from the Redemption Price, unless security or
        indemnity satisfactory to the Company, the Trustee for such series and any Paying Agent is furnished; 

      (9) if Bearer Securities of any series are to be redeemed and any Registered
        Securities of such series are not to be redeemed, and if such Bearer Securities may be exchanged for Registered Securities not subject to the redemption on this Redemption Date pursuant to Section 305 or otherwise, the last date, as determined by
        the Company, on which such exchanges may be made; 

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      (10) the CUSIP number of such Security, if any, provided that neither the
        Company nor the Trustee shall have any responsibility for any such CUSIP number; 

      (11) if applicable, that a Holder of Securities who desires to convert or
        exchange Securities to be redeemed must satisfy the requirements for conversion or exchange contained in such Securities, the then existing conversion or exchange price or rate and the date and time when the option to convert or exchange shall
        expire and the place or places where such Securities may be surrendered for conversion or exchange; and 

      (12) such other information as the Trustee reasonably deems appropriate. 

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

      SECTION 1105.    Deposit of Redemption Price. 

      On or prior to any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, which it may not do
        in the case of a sinking fund payment under Article Twelve, segregate and hold in trust as provided in Section 1003) an amount of money in the currency or currencies, currency unit or units or composite currency or currencies in which the
        Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series) sufficient to pay on the Redemption Date the Redemption Price of, and (except if the Redemption Date shall be an
        Interest Payment Date) accrued interest on, all the Securities or portions thereof that are to be redeemed on that date.

      SECTION 1106.    Securities Payable on Redemption
          Date. 

      Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein
        specified in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series)
        (together with accrued interest and Additional Amounts payable with respect thereto, if any, on the Redemption Date), and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest and
        Additional

      Amounts, if any) such Securities shall, if the same were interest-bearing, cease to bear interest and the coupons for such interest appertaining to any Bearer Securities so to be redeemed, except
        to the extent provided below, shall be void. Upon surrender of any such Security for redemption in accordance with said notice, together with all coupons, if any, appertaining thereto maturing after the Redemption Date, such Security shall be paid
        by the Company at the Redemption Price, together with accrued interest and Additional Amounts payable with respect thereto, if any, on the Redemption Date; provided, however, that installments of interest on Bearer Securities whose Stated Maturity
        is on or prior to the Redemption Date shall be payable only at an office or agency located outside the United States (except as otherwise provided in Section 1002) and, unless otherwise specified as contemplated by Section 301, only upon
        presentation and surrender of coupons for such interest; and provided further that except as otherwise provided with respect to Securities convertible or exchangeable into other securities or property (including securities of other issuers,
        provided that such securities are registered under Section 12 of the Exchange Act and such issuer is then eligible to use Form S-3 (or any successor form) for a primary offering of its securities) of the Company, installments of interest on
        Registered Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the relevant Record Dates
        according to their terms and the provisions of Section 307.

      If any Bearer Security surrendered for redemption shall not be accompanied by all appurtenant coupons maturing after the Redemption Date, such Security may be paid after
        deducting from the Redemption Price an amount equal to the face amount of all such missing coupons, or the surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there be furnished to them such security or
        indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Security shall surrender to the Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have been
        made from the Redemption Price, such Holder shall be entitled to receive the amount so deducted; provided, 

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      however, that interest represented by coupons shall be payable only at an office or agency located outside the United States (except as otherwise provided in Section 1002) and, unless otherwise
        specified as contemplated by Section 301, only upon presentation and surrender of those coupons. If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal, (and premium or Make-Whole Amount, if
        any) shall, until paid, bear interest from the Redemption Date at the rate borne by the Security.

      SECTION 1107.    Securities Redeemed in Part. 

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

      ARTICLE TWELVE

        

        SINKING FUNDS

      

      

      SECTION 1201.    Applicability of Article. 

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

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

      SECTION 1202.    Satisfaction of Sinking Fund
          Payments with Securities. 

      The Company may, in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of a series, (1) deliver Outstanding Securities of such
        series (other than any previously called for redemption) together in the case of any Bearer Securities of such series with all unmatured coupons appertaining thereto and (2) apply as a credit Securities of such series that have been redeemed either
        at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, as provided for by the terms of such Securities, or which have
        otherwise been acquired by the Company; provided that such Securities so delivered or applied as a credit have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the applicable
        Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

      SECTION 1203.    Redemption of Securities for
          Sinking Fund. 

      Not less than 60 days prior to each sinking fund payment date for Securities of any series, the Company will deliver to the Trustee an Officers’ Certificate specifying the
        amount of the next ensuing mandatory sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by payment of cash in the currency or currencies, currency unit or units or
        composite currency or currencies in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series) and the portion thereof, if any, which is to be satisfied by delivering
        and crediting Securities of that series pursuant to Section 1202, and the amount of optional sinking fund payments, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and will also deliver to the Trustee any Securities
        to be so delivered 

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      and credited. If such Officers’ Certificate shall specify an optional amount to be added in cash to the next ensuing mandatory sinking fund payment, the Company shall thereupon be obligated to
        pay the amount therein specified. Not less than 30 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 1103 and cause notice
        of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 1104. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner
        stated in Section 1106 and 1107.

      ARTICLE THIRTEEN

        

        DEFEASANCE AND COVENANT DEFEASANCE

      

      

      SECTION 1301.    Applicability of Article; Company’s
          Option to Effect Defeasance or Covenant Defeasance. 

      If, pursuant to Section 301, provision is made for either or both of (a) defeasance of the Securities of or within a series under Section 1302 or (b) covenant defeasance of the
        Securities of or within a series under Section 1303 to be applicable to the Securities of any series, then the provisions of such Section or Sections, as the case may be, together with the other provisions of this Article (with such modifications
        thereto as may be specified pursuant to Section 301 with respect to any Securities), shall be applicable to such Securities and any coupons appertaining thereto, and the Company may at its option by Board Resolution at any time, with respect to
        such Securities and any coupons appertaining thereto, elect to defease such Outstanding Securities and any coupons appertaining thereto pursuant to Section 1302 (if applicable) or Section 1303 (if applicable) upon compliance with the conditions set
        forth below in this Article.

      SECTION 1302.    Defeasance and Discharge. 

      Upon the Company’s exercise of the above option applicable to this Section with respect to any Securities of or within a series, the Company shall be deemed to have been
        discharged from its obligations with respect to such Outstanding Securities and any coupons appertaining thereto on the date the conditions set forth in Section 1304 are satisfied (hereinafter, “defeasance”). For this purpose, such defeasance means
        that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Outstanding Securities and any coupons appertaining thereto, which shall thereafter be deemed to be “Outstanding” only for the purposes of
        Section 1305 and the other Sections of this Indenture referred to in clauses (A) and (B) below, and to have satisfied all of its other obligations under such Securities and any coupons appertaining thereto and this Indenture insofar as such
        Securities and any coupons appertaining thereto are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following that shall survive until otherwise terminated or
        discharged hereunder: (A) the rights of Holders of such Outstanding Securities and any coupons appertaining thereto to receive, solely from the trust fund described in Section 1304 and as more fully set forth in such Section, payments in respect of
        the principal of (and premium or Make-Whole Amount, if any) and interest, if any, on such Securities and any coupons appertaining thereto when such payments are due, (B) the Company’s obligations with respect to such Securities under Sections 305,
        306, 1002 and 1003 and with respect to the payment of Additional Amounts, if any, on such Securities as contemplated by Section 1010, (C) the rights, powers, trusts, duties and immunities of the Trustee hereunder including but not limited to
        Section 606 hereof and (D) this Article. Subject to compliance with this Article Thirteen, the Company may exercise its option under this Section notwithstanding the prior exercise of its option under Section 1303 with respect to such Securities
        and any coupons appertaining thereto.

      SECTION 1303.    Covenant Defeasance. 

      Upon the Company’s exercise of the above option applicable to this Section with respect to any Securities of or within a series, the Company shall be released from its
        obligations under Sections 1004 to 1008, inclusive, and, if specified pursuant to Section 301, its obligations under any other covenant, with respect to such Outstanding Securities and any coupons appertaining thereto on and after the date the
        conditions set forth in Section 1304 are satisfied (hereinafter, “ covenant defeasance ”), and such Securities and any coupons appertaining thereto shall thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver,
        consent or declaration or Act 

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      of Holders (and the consequences of any thereof) in connection with Sections 1004 to 1008, inclusive, or such other covenant, but shall continue to be deemed “Outstanding” for all other purposes
        hereunder. For this purpose, such covenant defeasance means that, with respect to such Outstanding Securities and any coupons appertaining thereto, the Company may omit to comply with and shall have no liability in respect of any term, condition or
        limitation set forth in any such Section or such other covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such Section or such other covenant or by reason of reference in any such Section or such other
        covenant to any other provision herein or in any other document and such omission to comply shall not constitute a default or an Event of Default under Section 501(4) or 501(7) or otherwise, as the case may be, but, except as specified above, the
        remainder of this Indenture and such Securities and any coupons appertaining thereto shall be unaffected thereby.

      SECTION 1304.    Conditions to Defeasance or
          Covenant Defeasance. 

      The following shall be the conditions to application of Section 1302 or Section 1303 to any Outstanding Securities of or within a series and any coupons appertaining thereto:

      (a) The Company shall irrevocably have deposited or caused to be deposited with
        the Trustee as trust funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities and any coupons appertaining thereto, (1) an amount
        in such currency, currencies or currency unit in which such Securities and any coupons appertaining thereto are then specified as payable at Stated Maturity, or (2) Government Obligations applicable to such Securities and coupons appertaining
        thereto (determined on the basis of the currency, currencies or currency unit in which such Securities and coupons appertaining thereto are then specified as payable at Stated Maturity) that through the scheduled payment of principal and interest
        in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment of principal of (and premium or Make-Whole Amount, if any) and interest and Additional Amounts, if any, on such Securities and
        any coupons appertaining thereto, money in an amount, or (3) a combination thereof in an amount, sufficient, without consideration of any reinvestment of such principal and interest, in the opinion of a nationally recognized firm of independent
        public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and that shall be applied by the Trustee to pay and discharge, (i) the principal of (and premium or Make-Whole Amount, if any) and
        interest, if any, on such Outstanding Securities and any coupons appertaining thereto on the Stated Maturity of such principal or installment of principal or interest and (ii) any mandatory sinking fund payments or analogous payments applicable to
        such Outstanding Securities and any coupons appertaining thereto on the day on which such payments are due and payable in accordance with the terms of this Indenture and of such Securities and any coupons appertaining thereto; provided, that the
        Trustee shall have been irrevocably instructed to apply such money or the proceeds of such  Government Obligations to said payments with respect to such Securities. Before such a deposit, the Company may give to the Trustee, in accordance with
        Section 1102 hereof, a notice of its election to redeem all or any portion of such Outstanding Securities at a future date in accordance with the terms of the Securities of such series and Article Eleven hereof, which notice shall be irrevocable.
        Such irrevocable redemption notice, if given, shall be given effect in applying the foregoing.

      (b) Such defeasance or covenant defeasance shall not result in a breach or
        violation of, or constitute a default under, this Indenture or any other material agreement or instrument to which the Company is a party or by which it is bound (and shall not cause the Trustee to have a conflicting interest pursuant to
        Section 310(b) of the TIA with respect to any Security of the Company). 

      (c) No Event of Default or event that with notice or lapse of time or both
        would become an Event of Default with respect to such Securities and any coupons appertaining thereto shall have occurred and be continuing on the date of such deposit or, insofar as Sections 501(5) and 501(6) are concerned, at any time during the
        period ending on the 91st day after the date of such deposit (it being understood that this condition shall not be deemed satisfied until the expiration of such period). 

      (d) In the case of an election under Section 1302, the Company shall have
        delivered to the Trustee an Opinion of Counsel stating that (i) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (ii) since the date of execution of this Indenture, there has been a change in
        the applicable Federal income tax law, in either case to the effect that, and based thereon such opinion shall confirm 

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      that, the Holders of such Outstanding Securities and any coupons appertaining thereto will not recognize income, gain or loss for Federal income tax purposes as a result of such defeasance and
        will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such defeasance had not occurred. 

      (e) In the case of an election under Section 1303, the Company shall have
        delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Outstanding Securities and any coupons appertaining thereto will not recognize income, gain or loss for Federal income tax purposes as a result of such covenant
        defeasance and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred. 

      (f) The Company shall have delivered to the Trustee an Officers’ Certificate
        and an Opinion of Counsel, each stating that all conditions precedent to the defeasance under Section 1302 or the covenant defeasance under Section 1303 (as the case may be) have been complied with and an Opinion of Counsel to the effect that
        either (i) as a result of a deposit pursuant to subsection (a) above and the related exercise of the Company’s option under Section 1302 or Section 1303 (as the case may be) registration is not required under the Investment Company Act of 1940, as
        amended, by the Company, with respect to the trust funds representing such deposit or by the Trustee for such trust funds or (ii) all necessary registrations under said Act have been effected. 

      (g) After the 91st day following the deposit, the trust funds will not be
        subject to the effect of any applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally. 

      (h) Notwithstanding any other provisions of this Section, such defeasance or
        covenant defeasance shall be effected in compliance with any additional or substitute terms, conditions or limitations that may be imposed on the Company in connection therewith pursuant to Section 301. 

      SECTION 1305.    Deposited Money and Government
          Obligations to Be Held in Trust; Other Miscellaneous Provisions. 

      Subject to the provisions of the last paragraph of Section 1003, all money and Government Obligations (or other property as may be provided pursuant to Section 301) (including
        the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 1305, the “Trustee”) pursuant to Section 1304 in respect of any Outstanding Securities of any series and any coupons
        appertaining thereto shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and any coupons appertaining thereto and this Indenture, to the payment, either directly or through any Paying Agent
        (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Holders of such Securities and any coupons appertaining thereto of all sums due and to become due thereon in respect of principal (and premium or Make-Whole
        Amount, if any) and interest and Additional Amounts, if any, but such money need not be segregated from other funds except to the extent required by law.

      Unless otherwise specified with respect to any Security pursuant to Section 301, if, after a deposit referred to in Section 1304(a) has been made, (a) the Holder of a Security
        in respect of which such deposit was made is entitled to, and does, elect pursuant to Section 301 or the terms of such Security to receive payment in a currency or currency unit other than that in which the deposit pursuant to Section 1304(a) has
        been made in respect of such Security, or (b) a Conversion Event occurs in respect of the currency or currency unit in which the deposit pursuant to Section 1304(a) has been made, the indebtedness represented by such Security and any coupons
        appertaining thereto shall be deemed to have been, and will be, fully discharged and satisfied through the payment of the principal of (and premium or Make-Whole Amount, if any), and interest, if any, on such Security as the same becomes due and
        Additional Amounts, if any, out of the proceeds yielded by converting (from time to time as specified below in the case of any such election) the amount or other property deposited in respect of such Security into the currency or currency unit in
        which such Security becomes payable as a result of such election or Conversion Event based on the applicable market exchange rate for such currency or currency unit in effect on the second Business Day prior to each payment date, except, with
        respect to a Conversion Event, for such currency or currency unit in effect (as nearly as feasible) at the time of the Conversion Event.

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      The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the Government Obligations deposited pursuant to
        Section 1304 or the principal and interest received in respect thereof other than any such tax, fee or other charge that by law is for the account of the Holders of such Outstanding Securities and any coupons appertaining thereto.

      Anything in this Article to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request any money or Government
        Obligations (or other property and any proceeds therefrom) held by it as provided in Section 1304 that, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the
        Trustee, are in excess of the amount thereof that would then be required to be deposited to effect a defeasance or covenant defeasance, as applicable, in accordance with this Article.

      ARTICLE FOURTEEN

        

        MEETINGS OF HOLDERS OF SECURITIES

      

      

      SECTION 1401.   Purposes for Which Meetings May Be
          Called. 

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

      SECTION 1402.   Call, Notice and Place of Meetings. 

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

      (b) In case at any time the Company, pursuant to a Board Resolution, or the
        Holders of at least 25% in principal amount of the Outstanding Securities of any series shall have requested the Trustee to call a meeting of the Holders of Securities of such series for any purpose specified in Section 1401, by written request
        setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have made the first publication of the notice of such meeting within 21 days after receipt of such request or shall not thereafter proceed
         to cause the meeting to be held as provided herein, then the Company or the Holders of Securities of such series in the amount above specified, as the case may be, may determine the time and the place in the City of Olympia, Washington for such
        meeting and may call such meeting for such purposes by giving notice thereof as provided in subsection (a) of this Section.

      SECTION 1403.    Persons Entitled to Vote at
          Meetings. 

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

      SECTION 1404.    Quorum; Action. 

      The Persons entitled to vote a majority in principal amount of the Outstanding Securities of a series shall constitute a quorum for a meeting of Holders of Securities of such
        series; provided, however, that if any action is to be taken at such meeting with respect to a consent or waiver which this Indenture expressly provides may be given by the Holders of not less than a specified percentage in principal amount of the
        Outstanding Securities of a series, 

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      the Persons entitled to vote such specified percentage in principal amount of the Outstanding Securities of such series shall constitute a quorum. In the absence of a quorum within 30 minutes
        after the time appointed for any such meeting, the meeting shall, if convened at the request of Holders of Securities of such series, be dissolved. In any other case the meeting may be adjourned for a period of not less than 10 days as determined
        by the chairman of the meeting prior to the adjournment of such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting may be further adjourned for a period of not less than 10 days as determined by the chairman
        of the meeting prior to the adjournment of such adjourned meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Section 1402(a), 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 any adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the Outstanding Securities of such series which
        shall constitute a quorum. Except as limited by the proviso to Section 902, any resolution presented to a meeting or adjourned meeting duly reconvened at which a quorum is present as aforesaid may be adopted by the affirmative vote of the Holders
        of a majority in aggregate principal amount of the Outstanding Securities of that series represented at such meeting; provided, however, that, except as limited by the proviso to Section 902, any resolution with respect to any request, demand,
        authorization, direction, notice, consent, waiver or other action which this Indenture expressly provides may be made, given or taken by the Holders of a specified percentage, which is less than a majority, in principal amount of the Outstanding
        Securities of a series may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid by the affirmative vote of the Holders of such specified percentage in principal amount of the Outstanding
        Securities of that series.

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

      Notwithstanding the foregoing provisions of this Section 1404, if any action is to be taken at a meeting of Holders of Securities of any series with respect to any request,
        demand, authorization, direction, notice, consent, waiver or other action that this Indenture expressly provides may be made, given or taken by the Holders of a specified percentage in principal amount of all Outstanding Securities affected
        thereby, or of the Holders of such series and one or more additional series:

      (i) there shall be no minimum quorum requirement for such meeting; and 

      (ii)             the principal amount of the Outstanding Securities of such series that vote in favor of such request, demand, authorization, direction, notice, consent, waiver
        or other action shall be taken into account in determining  whether such request, demand, authorization, direction, notice, consent, waiver or other action has been made, given or taken under this Indenture.

      SECTION 1405.    Determination of Voting Rights;
          Conduct and Adjournment of Meetings. 

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

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

       55

        

      
        
          

      

      secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting. 

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

      (d) Any meeting of Holders of Securities of any series duly called pursuant to
        Section 1402 at which a quorum is present may be adjourned from time to time by Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting, and the meeting may be held as so
        adjourned without further notice. 

      SECTION 1406.    Counting Votes and Recording Action
          of Meetings. 

      The vote upon any resolution submitted to any meeting of Holders of Securities of any series shall be by written ballots on which shall be subscribed the signatures of the
        Holders of Securities of such series or of their representatives by proxy and the principal amounts and serial numbers of the Outstanding Securities of such series held or represented by them. The permanent chairman of the meeting shall appoint two
        inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in duplicate of all votes cast at the meeting. A record, at
        least in duplicate, of the proceedings of each meeting of Holders of Securities of any series shall be prepared by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on any vote
        by ballot taken thereat and affidavits by one or more persons having knowledge of the fact, setting forth a copy of the notice of the meeting and showing that said notice was given as provided in Section 1402 and, if applicable, Section 1404. Each
        copy shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one such copy shall be delivered to the Company and another to the Trustee to be preserved by the Trustee, the latter to have attached
        thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated.

      SECTION 1407.    Evidence of Action Taken by
          Holders. 

      Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by a specified percentage in principal
        amount of the Holders of any or all series may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such specified percentage of Holders in person or by agent duly appointed in writing; and, except as
        herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee. Proof of execution of any instrument or of a writing appointing any such agent shall be sufficient for any
        purpose of this Indenture and (subject to Article Six) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Article.

      SECTION 1408.    Proof of Execution of Instruments. 

      Subject to Article Six, the execution of any instrument by a Holder or his agent or proxy may be proved in accordance with such reasonable rules and regulations as may be
        prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee.

      * * *

       

      

      

      56

      

      
        
          

      

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

       

      	
               

            	
              HERITAGE FINANCIAL CORPORATION

            
	
               

            	
               

            	
               

            
	
               

            	
              By:

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	
              Name:

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	
              Title:

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	
              __________________, as Trustee

            
	
               

            	
               

            	
               

            
	
               

            	
              By:

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	
              Name:

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	
              Title:

            	
               

            

      

      

      

      

      

      

      

      

      

        57

      

      
        
          

      

      EXHIBIT A

       

      FORM OF CERTIFICATION EXHIBIT A-1

       

      FORM OF CERTIFICATE TO BE GIVEN BY PERSON ENTITLED TO RECEIVE BEARER SECURITY 

      OR TO OBTAIN INTEREST PAYABLE PRIOR TO THE EXCHANGE DATE CERTIFICATE

       

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

       

      This is to certify that, as of the date hereof, and except as set forth below, the above-captioned Securities held by you for our account (i) are owned by person(s) that are
        not citizens or residents of the United States, domestic partnerships, domestic corporations or any estate or trust the income of which is subject to United States federal income taxation regardless of its source (“United States person(s)”),
        (ii) are owned by United States person(s) that are (a) foreign branches of United States financial institutions (financial institutions, as defined in United States Treasury Regulations Section 1.165-12(c)(1)(v) are herein referred to as “financial
        institutions”) purchasing for their own account or for resale, or (b) United States person(s) who acquired the Securities through foreign branches of United States financial institutions and who hold the Securities through such United States
        financial institutions on the date hereof (and in either case (a) or (b), each such United States financial institution hereby agrees, on its own behalf or through its agent, that you may advise                                          
                  or its agent that such financial institution will provide a certificate within a reasonable time stating that it agrees to comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the United States Internal Revenue Code of
        1986, as amended, and the regulations thereunder), or (iii) are owned by a financial institution for purposes of resale during the restricted period (as defined in United States Treasury Regulations Section 1.1635(c)(2)(i)(D)(7)), and, such
        financial institution described in clause (iii) above (whether or not also described in clause (i) or (ii)), certifies that it has not acquired the Securities for purposes of resale directly or indirectly to a United States person or to a person
        within the United States or its possessions.

      As used herein, “United States” means the United States of America (including the States and the District of Columbia); and its “possessions” include Puerto Rico, the U.S.
        Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands.

      We undertake to advise you promptly by tested telex on or prior to the date on which you intend to submit your certification relating to the above-captioned Securities held by
        you for our account in accordance with your Operating Procedures if any applicable statement herein is not correct on such date, and in the absence of any such notification it may be assumed that this certification applies as of such date. This
        certificate excepts and does not relate to [U.S.$] of such interest in the above-captioned Securities in respect of which we are not able to certify and as to which we understand an exchange for an interest in a permanent global Security or an
        exchange for and delivery of definitive Securities (or, if relevant, collection of any interest) cannot be made until we do so certify.

      We understand that this certificate may be required in connection with certain tax legislation in the United States. If administrative or legal proceedings are commenced or
        threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate or a copy thereof to any interested party in such proceedings.

      Dated:                                         ,                  [To be dated no earlier than the 15th day prior to the earlier of (i) the Exchange Date or (ii) the relevant
        Interest Payment Date occurring prior to the Exchange Date, as applicable]

      [Name of Person Making Certification] 

      (Authorized Signator) 

      Name: 

      Title: 

      

      

       

      

      A-1

      

      
        
          

      

      EXHIBIT A-2

       

      FORM OF CERTIFICATE TO BE GIVEN BY EUROCLEAR AND CLEARSTREAM S.A. IN 

      CONNECTION WITH THE EXCHANGE OF A PORTION OF A TEMPORARY GLOBAL SECURITY 

      OR TO OBTAIN INTEREST PAYABLE PRIOR TO THE EXCHANGE DATE CERTIFICATE

       

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

      This is to certify that, based solely on written certifications that we have received in writing, by tested telex or by electronic transmission from each of the persons
        appearing in our records as persons entitled to a portion of the principal amount set forth below (our “Member Organizations”) substantially in the form attached hereto, as of the date hereof, (U.S.$) principal amount of the above-captioned
        Securities (i) is owned by person(s) that are not citizens or residents of the United States, domestic partnerships, domestic corporations or any estate or trust the income of which is subject to United States Federal income taxation regardless of
        its source (“United States person(s)”), (ii) is owned by United States person(s) that are (a) foreign branches of United States financial institutions (financial institutions, as defined in United States Treasury Regulations
        Section 1.165-12(c)(1)(v) are herein referred to as “financial institutions”) purchasing for their own account or for resale, or (b) United States person(s) who acquired the Securities through foreign branches of United States financial
        institutions and who hold the Securities through such United States financial institutions on the date hereof (and in either case (a) or (b), each such financial institution has agreed, on its own behalf or through its agent, that we may advise
                                                               or its agent that such financial institution will provide a certificate within a reasonable time stating that it agrees to comply with the requirements of Section 165(j)(3)(A), (B), or (C) of
        the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) is owned by a financial institution for purposes of resale during the restricted period (as defined in United States Treasury Regulations
        Section 1.163-5(c)(2)(i)(D)(7)), and that such financial institutions described in clause (iii) above (whether or not also described in clause (i) or (ii)) have certified that they have not acquired the Securities for purposes of resale directly or
        indirectly to a United States person or to a person within the United States or its possessions.

      As used herein, “United States” means the United States of America (including the States and the District of Columbia); and its “possessions” include Puerto Rico, the U.S.
        Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands.

      We further certify that (i) we are not making available herewith for exchange (or, if relevant, collection of any interest) any portion of the temporary global Security
        representing the above-captioned Securities excepted in the above-referenced certificates of Member Organizations and (ii) as of the date hereof we have not received any notification from any of our Member Organizations to the effect that the
        statements made by such Member Organizations with respect to any portion of the part submitted herewith for exchange (or, if relevant, collection of any interest) are no longer true and cannot be relied upon as of the date hereof.

      We understand that this certification is required in connection with certain tax legislation in the United States. If administrative or legal proceedings are commenced or
        threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate or a copy thereof to any interested party in such proceedings.

      Dated:                                                  ,                 

      

      

      [To be dated no earlier than the earlier of the Exchange Date or the relevant Interest Payment Date occurring prior to the Exchange Date, as applicable]

       

      ,

      as

       

      By

       

      ______________________________________

      

      

       

      

       

      

       

      

      A-2

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