Document:

Form of Indenture

 Exhibit 4.2 
 KENDLE INTERNATIONAL INC., 
 ISSUER, 
 TO 
 LASALLE BANK NATIONAL ASSOCIATION 
 TRUSTEE 
  

 INDENTURE 
  

 DATED AS OF MARCH 21, 2007 
 DEBT SECURITIES 

 Reconciliation and Tie between 
 Trust Indenture Act of 1939 (the “Trust Indenture Act”) and Indenture 
  

			
	 Trust Indenture Act Section
	  	Indenture
Section
	 Section 310(a) (1)
	  	6.7
	 (a) (2)
	  	6.7
	 (b)
	  	6.8
	 Section 312(a)
	  	7.1
	 (b)
	  	7.2
	 (c)
	  	7.2
	 Section 313(a)
	  	7.3
	 (b) (2)
	  	7.3
	 (c)
	  	7.3
	 (d)
	  	7.3
	 Section 314(a)
	  	7.4
	 (c) (1)
	  	1.2
	 (c) (2)
	  	1.2
	 (e)
	  	1.2
	 (f)
	  	1.2
	 Section 316(a) (last sentence)
	  	1.1
	 (a)(1)(A)
	  	5.2, 5.12
	 (a)(1) (B)
	  	5.13
	 (b)
	  	5.8
	 Section 317(a) (1)
	  	5.3
	 (a) (2)
	  	5.4
	 (b)
	  	10.3
	 Section 318(a)
	  	1.8

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

  

 - i - 

 TABLE OF CONTENTS 
  

					
	  	  	 	  	 Page

		  		  	
	 Article 1
	  	 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	1
	 Section 1.1
	  	 Definitions
	  	1
	 Section 1.2
	  	 Compliance Certificates and Opinions
	  	9
	 Section 1.3
	  	 Form of Documents Delivered to Trustee
	  	10
	 Section 1.4
	  	 Acts of Holders
	  	10
	 Section 1.5
	  	 Notices, etc. to Trustee and Company
	  	12
	 Section 1.6
	  	 Notice to Holders of Securities; Waiver
	  	12
	 Section 1.7
	  	 Language of Notices
	  	13
	 Section 1.8
	  	 Conflict with Trust Indenture Act
	  	13
	 Section 1.9
	  	 Effect of Headings and Table of Contents
	  	13
	 Section 1.10
	  	 Successors and Assigns
	  	13
	 Section 1.11
	  	 Separability Clause
	  	13
	 Section 1.12
	  	 Benefits of Indenture
	  	13
	 Section 1.13
	  	 Governing Law
	  	13
	 Section 1.14
	  	 Legal Holidays
	  	14
	 Section 1.15
	  	 Counterparts
	  	14
	 Section 1.16
	  	 Judgment Currency
	  	14
	 Section 1.17
	  	 No Security Interest Created
	  	14
	 Section 1.18
	  	 Limitation on Individual Liability
	  	15
	 Article 2
	  	 SECURITIES FORMS
	  	15
	 Section 2.1
	  	 Forms Generally
	  	15
	 Section 2.2
	  	 Form of Trustee’s Certificate of Authentication
	  	16
	 Section 2.3
	  	 Securities in Global Form
	  	16
	 Article 3
	  	 THE SECURITIES
	  	17
	 Section 3.1
	  	 Amount Unlimited; Issuable in Series
	  	17
	 Section 3.2
	  	 Currency; Denominations
	  	20
	 Section 3.3
	  	 Execution, Authentication, Delivery and Dating
	  	20
	 Section 3.4
	  	 Temporary Securities
	  	22
	 Section 3.5
	  	 Registration, Transfer and Exchange
	  	22
	 Section 3.6
	  	 Mutilated, Destroyed, Lost and Stolen Securities
	  	24
	 Section 3.7
	  	 Payment of Interest and Certain Additional Amounts; Rights to Interest and Certain Additional
Amounts Preserved
	  	25
	 Section 3.8
	  	 Persons Deemed Owners
	  	26
	 Section 3.9
	  	 Cancellation
	  	27
	 Section 3.10
	  	 Computation of Interest
	  	27
	 Article 4
	  	 SATISFACTION AND DISCHARGE OF INDENTURE
	  	27
	 Section 4.1
	  	 Satisfaction and Discharge
	  	27

  

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	 Section 4.2
	  	 Defeasance and Covenant Defeasance
	  	28
	 Section 4.3
	  	 Application of Trust Money
	  	32
	 Article 5
	  	 REMEDIES Section
	  	32
	 Section 5.1
	  	 Events of Default
	  	32
	 Section 5.2
	  	 Acceleration of Maturity; Rescission and Annulment
	  	34
	 Section 5.3
	  	 Collection of Debt and Suits for Enforcement by Trustee
	  	35
	 Section 5.4
	  	 Trustee May File Proofs of Claim
	  	35
	 Section 5.5
	  	 Trustee May Enforce Claims without Possession of Securities
	  	36
	 Section 5.6
	  	 Application of Money Collected
	  	36
	 Section 5.7
	  	 Limitations on Suits
	  	37
	 Section 5.8
	  	 Unconditional Right of Holders to Receive Principal and any Premium, Interest and Additional Amounts
	  	38
	 Section 5.9
	  	 Restoration of Rights and Remedies
	  	38
	 Section 5.10
	  	 Rights and Remedies Cumulative
	  	38
	 Section 5.11
	  	 Delay or Omission Not Waiver
	  	38
	 Section 5.12
	  	 Control by Holders of Securities
	  	38
	 Section 5.13
	  	 Waiver of Past Defaults
	  	39
	 Section 5.14
	  	 Waiver of Usury, Stay or Extension Laws
	  	39
	 Section 5.15
	  	 Undertaking for Costs
	  	39
	 Article 6
	  	 THE TRUSTEE
	  	40
	 Section 6.1
	  	 Certain Rights of Trustee
	  	40
	 Section 6.2
	  	 Notice of Defaults
	  	41
	 Section 6.3
	  	 Not Responsible for Recitals or Issuance of Securities
	  	42
	 Section 6.4
	  	 May Hold Securities
	  	42
	 Section 6.5
	  	 Money Held in Trust
	  	42
	 Section 6.6
	  	 Compensation and Reimbursement
	  	42
	 Section 6.7
	  	 Corporate Trustee Required; Eligibility
	  	43
	 Section 6.8
	  	 Resignation and Removal; Appointment of Successor
	  	43
	 Section 6.9
	  	 Acceptance of Appointment by Successor
	  	45
	 Section 6.10
	  	 Merger, Conversion, Consolidation or Succession to Business
	  	46
	 Section 6.11
	  	 Appointment of Authenticating Agent
	  	46
	 Article 7
	  	 HOLDERS LISTS AND REPORTS BY TRUSTEE AND COMPANY
	  	48
	 Section 7.1
	  	 Company to Furnish Trustee Names and Addresses of Holders
	  	48
	 Section 7.2
	  	 Preservation of Information; Communications to Holders
	  	48
	 Section 7.3
	  	 Reports by Trustee
	  	49
	 Section 7.4
	  	 Reports by Company; Rule 144A Information
	  	49
	 Article 8
	  	 CONSOLIDATION, MERGER AND SALES
	  	50
	 Section 8.1
	  	 Company May Consolidate, etc., Only on Certain Terms
	  	50
	 Section 8.2
	  	 Successor Person Substituted for Company
	  	51
	 Article 9
	  	 SUPPLEMENTAL INDENTURES
	  	51
	 Section 9.1
	  	 Supplemental Indentures without Consent of Holders
	  	51

  

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	 Section 9.2
	  	 Supplemental Indentures with Consent of Holders
	  	52
	 Section 9.3
	  	 Execution of Supplemental Indentures
	  	53
	 Section 9.4
	  	 Effect of Supplemental Indentures
	  	54
	 Section 9.5
	  	 Reference in Securities to Supplemental Indentures
	  	54
	 Section 9.6
	  	 Conformity with Trust Indenture Act
	  	54
	 Section 9.7
	  	 Notice of Supplemental Indenture
	  	54
	 Article 10
	  	 COVENANTS
	  	54
	 Section 10.1
	  	 Payment of Principal, any Premium, Interest and Additional Amounts
	  	54
	 Section 10.2
	  	 Maintenance of Office or Agency
	  	54
	 Section 10.3
	  	 Money for Securities Payments to Be Held in Trust
	  	55
	 Section 10.4
	  	 Additional Amounts
	  	56
	 Section 10.5
	  	 Legal Existence
	  	57
	 Section 10.6
	  	 Waiver of Certain Covenants
	  	57
	 Section 10.7
	  	 Company Statement as to Compliance; Notice of Certain Defaults
	  	57
	 Article 11
	  	 REDEMPTION OF SECURITIES
	  	58
	 Section 11.1
	  	 Applicability of Article
	  	58
	 Section 11.2
	  	 Election to Redeem; Notice to Trustee
	  	58
	 Section 11.3
	  	 Selection by Trustee of Securities to be Redeemed
	  	58
	 Section 11.4
	  	 Notice of Redemption
	  	59
	 Section 11.5
	  	 Deposit of Redemption Price
	  	60
	 Section 11.6
	  	 Securities Payable on Redemption Date
	  	60
	 Section 11.7
	  	 Securities Redeemed in Part
	  	61
	 Article 12
	  	 SINKING FUNDS
	  	61
	 Section 12.1
	  	 Applicability of Article
	  	61
	 Section 12.2
	  	 Satisfaction of Sinking Fund Payments with Securities
	  	61
	 Section 12.3
	  	 Redemption of Securities for Sinking Fund
	  	62
	 Article 13
	  	 REPAYMENT AT THE OPTION OF HOLDERS
	  	62
	 Section 13.1
	  	 Applicability of Article
	  	62
	 Article 14
	  	 SECURITIES IN FOREIGN CURRENCIES
	  	63
	 Section 14.1
	  	 Applicability of Article
	  	63
	 Article 15
	  	 MEETINGS OF HOLDERS OF SECURITIES
	  	63
	 Section 15.1
	  	 Purposes for Which Meetings May Be Called
	  	63
	 Section 15.2
	  	 Call, Notice and Place of Meetings
	  	63
	 Section 15.3
	  	 Persons Entitled to Vote at Meetings
	  	64
	 Section 15.4
	  	 Quorum; Action
	  	64
	 Section 15.5
	  	 Determination of Voting Rights; Conduct and Adjournment of Meetings
	  	65
	 Section 15.6
	  	 Counting Votes and Recording Action of Meetings
	  	65

  

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 INDENTURE, dated as of March 21, 2007 (the “Indenture”), between KENDLE
INTERNATIONAL INC., a corporation duly organized and existing under the laws of the State of Ohio (hereinafter called the “Company”), having its principal executive office located at 1200 Carew Tower, 441 Vine Street, Cincinnati, Ohio,
45202, and LASALLE BANK NATIONAL ASSOCIATION, a national banking association (hereinafter called the “Trustee”), having its Corporate Trust Office located at 135 S. LaSalle Street, Suite 1560, Chicago, Illinois 60603. 
 RECITALS 
 The Company has
duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its debentures, notes or other evidences of indebtedness (hereinafter called the “Securities”), unlimited as to principal amount,
to bear such rates of interest, to mature at such time or times, to be issued in one or more series and to have such other provisions as shall be fixed as hereinafter provided. 
 The Company has duly authorized the execution and delivery of this Indenture. All things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been
done. 
 This Indenture is subject to the provisions of the Trust Indenture Act of 1939, as amended, and the rules and
regulations of the Securities and Exchange Commission promulgated thereunder that are required to be part of this Indenture and, to the extent applicable, shall be governed by such provisions. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 
 For and in consideration of the premises and the purchase of the Securities by the Holders (as herein defined) thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of
the Securities or of any series thereof as follows: 
 ARTICLE 1 
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
  

	 Section
	 1.1 Definitions. 

 Except as otherwise expressly provided in or pursuant to this Indenture or unless the context otherwise requires, for all purposes of this Indenture: 
 (1) the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the singular; 
 (2) all other terms used herein which are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings
assigned to them therein; 
 (3) all accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with generally accepted accounting principles in the United States of America and, except as otherwise herein expressly provided, the terms “generally accepted accounting principles” or “GAAP” with respect to any
computation required or permitted 

 
hereunder shall mean such accounting principles as are generally accepted in the United States of America at the date or time of such computation;

 (4) the words “herein,” “hereof,” “hereto” 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; and 
 (5)
the word “or” is always used inclusively (for example, the phrase “A or B” means “A or B or both,” not “either A or B but not both”). 
 Certain terms used principally in certain Articles hereof are defined in those Articles. 
 “Act,” when used with respect to any Holders, has the meaning specified in Section 1.4. 
 “Additional Amounts” means any additional amounts which are required hereby or by any Security, under circumstances specified herein or therein, to be paid by the Company in respect of certain taxes,
assessments or other governmental charges imposed on Holders specified therein and which are owing to such Holders. 
 “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 the meanings correlative to the foregoing. 
 “Authenticating Agent” means any Person authorized by the Trustee pursuant to Section 6.11 to act on behalf of the Trustee to authenticate Securities of one or more series. 
 “Authorized Officer” means, when used with respect to the Company, the Chief Executive Officer, the Chief Financial Officer,
the Chairman of the Board of Directors, the President, Senior Vice President, any Vice President, the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary. 
 “Board of Directors” means the board of directors of the Company or any committee of that board duly authorized to act
generally or in any particular respect for the Company hereunder. 
 “Board Resolution” means a copy of one or more
resolutions, certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, delivered to the Trustee. 
 “Business Day,” with respect to any Place of Payment or other location, means, unless otherwise specified with respect to any
Securities pursuant to Section 3.1, any day other than a Saturday, Sunday or other day on which banking institutions in such Place of Payment or other location are authorized or obligated by law, regulation or executive order to close.

  

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 “Clearstream” means Clearstream Banking, societe anonyme, Luxembourg.

 “Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the
Securities Exchange Act of 1934, as amended, or, if at any time after the execution of this Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at
such time. 
 “Company” means the Person named as the “Company” in the first paragraph of this instrument
until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person, and any other obligor upon the Securities. 
 “Company Order” or “Company Request” means, respectively, a written order or request, as the case may be, signed in
the name of the Company by the Chairman of the Board of Directors, the Chief Executive Officer, the Chief Financial Officer, the President, a Senior Vice 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. 
 “Conversion Event” means the cessation of
use of (i) a Foreign Currency both by the government of the country or the confederation which issued such Foreign Currency and for the settlement of transactions by a central bank or other public institutions of or within the international
banking community, (ii) the Euro both within the EMU and for the settlement of transactions by public institutions of or within the EMU or (iii) any currency unit or composite currency other than the Euro for the purposes for which it was
established. 
 “Corporate Trust Office” means the principal corporate trust office of the Trustee at which at any
particular time its corporate trust business shall be administered, which office at the date of original execution of this Indenture is located at 135 S. LaSalle Street, Suite 1560, Chicago, Illinois 60603. 
 “Corporation” includes corporations and limited liability companies and, except for purposes of Article 8, associations,
companies and business trusts. 
 “Currency,” with respect to any payment, deposit or other transfer in respect of
the principal of or any premium or interest on or any Additional Amounts with respect to any Security, means Dollars or any Foreign Currency in which such payment, deposit or other transfer is required to be made by or pursuant to the terms hereof
or such Security and, with respect to any other payment, deposit or transfer pursuant to or contemplated by the terms hereof or such Security, means Dollars. 
 “CUSIP number” means the alphanumeric designation assigned to a Security by Standard & Poor’s Corporation, CUSIP Service Bureau. 
 “Debt” means the principal of, premium, if any, and interest on, and all other obligations in respect of (a) all
indebtedness of such person for borrowed money (including all indebtedness evidenced by notes, bonds, debentures or other securities), (b) all obligations incurred by such 

  

 - 3 - 

 
person in the acquisition (whether by way of purchase, merger, consolidation or otherwise and whether by such person or another person) of any business, real
property or other assets, (c) all reimbursement obligations of such person with respect to letters of credit, bankers’ acceptances or similar facilities issued for the account of such person, (d) all capital lease obligations of such
person, (e) all net obligations of such person under interest rate swap, currency exchange or similar agreements of such person, (f) all obligations and other liabilities, contingent or otherwise, under any lease or related document,
including a purchase agreement, conditional sale or other title retention agreement, in connection with the lease of real property or improvements thereon (or any person property included as part of any such lease) which provides that such person is
contractually obligated to purchase or cause a third party to purchase the leased property or pay an agreed-upon residual value of the leased property, including such person’s obligations under such lease or related document to purchase or
cause a third party to purchase such leased property or pay an agreed-upon residual value of the leased property to the lessor, (g) guarantees by such person of indebtedness described in clauses (a) through (f) of another person, and
(h) all renewals, extension, refundings, deferrals, restructurings, amendments and modifications of any indebtedness, obligation, guarantee or liability of the kind described in clauses (a) through (g). 
 “Defaulted Interest” has the meaning specified in Section 3.7. 
 “Depository” means, with respect to any Security issuable or issued in the form of one or more global Securities, the Person
designated as Depository by the Company in or pursuant to this Indenture, which Person must be, to the extent required by applicable law or regulation, a clearing agency registered under the Securities Exchange Act of 1934, as amended, and, if so
provided with respect to any Security, any successor to such Person. If at any time there is more than one such Person, “Depository” shall mean, with respect to any Securities, the qualifying entity which has been appointed with respect to
such Securities. 
 “Dollar” or “$” means a dollar or other equivalent unit of legal tender for payment
of public or private debts in the United States of America. 
 “EC Treaty” means the Treaty establishing the
European Communities (signed in Rome on 25 March 1957), as amended by the Treaty on European Union, as amended (signed in Maastricht on 7 February 1992). 
 “EMU” means European Economic and Monetary Union. 
 “Euro” each means the lawful currency of the member states of the European Union that adopt the single currency in accordance with the EC Treaty. 
 “Euroclear” means Euroclear Bank S.A./N.V., as operator of the Euroclear System. 
 “Event of Default” has the meaning specified in Section 5.1. 
 “Foreign
Currency” means any currency, currency unit or composite currency, including, without limitation, the Euro, 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. 
  

 - 4 - 

 “Government Obligations” means securities which are (i) direct obligations
of the United States of America or the other government or governments in the confederation which issued the Foreign Currency in which the principal of or any premium or interest on such Security or any Additional Amounts in respect thereof shall be
payable, in each case where the payment or payments thereunder are supported by the full faith and credit of such government or governments 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 other government or governments, in each case where the timely payment or payments thereunder are unconditionally guaranteed as a full faith and credit obligation by the United States of America or such other
government or governments, and which, in the case of (i) or (ii), are not callable or redeemable at the option of the issuer or issuers thereof, and shall also include a depositary 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 or other amount with respect to any such Government Obligation held by such custodian for the account of the holder of a depositary receipt, provided that
(except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the Government Obligation or the specific
payment of interest on or principal of or other amount with respect to the Government Obligation evidenced by such depositary receipt. 
 “Holder,” in the case of any Security, means the Person in whose name such Security is registered in the Security Register. 
 “Indenture” means this instrument 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, with respect to any Security, by the terms and provisions of such Security established pursuant to Section 3.1 (as such terms and provisions may be amended pursuant to the applicable provisions hereof). 
 “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,” with respect to any
Original Issue Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity and, when used with respect to a Security which provides for the payment of Additional Amounts pursuant to
Section 10.4, includes such Additional Amounts. 
 “Interest Payment Date,” with respect to any Security,
means the Stated Maturity of an installment of interest on such Security. 
 “Judgment Currency” has the meaning
specified in Section 1.16. 
 “Legal Holidays” has the meaning specified in Section 1.14. 
  

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 “Lien” means and includes any mortgage, pledge, lien, security interest,
conditional sale or other title retention agreement or other similar encumbrance. 
 “Maturity,” with respect to
any Security, means the date on which the principal of such Security or an installment of principal becomes due and payable as provided in or pursuant to this Indenture, whether at the Stated Maturity or by declaration of acceleration, notice of
redemption or repurchase, notice of option to elect repayment or otherwise, and includes the Redemption Date. 
 “New
York Banking Day” has the meaning specified in Section 1.16. 
 “Office” or “Agency” with
respect to any Securities, means an office or agency of the Company maintained or designated in a Place of Payment for such Securities pursuant to Section 10.2 or any other office or agency of the Company maintained or designated for such
Securities pursuant to Section 10.2 or, to the extent designated or required by Section 10.2 in lieu of such office or agency, the Corporate Trust Office of the Trustee. 
 “Officers’ Certificate” means a certificate signed by the Chairman of the Board, the Chief Executive Officer, the Chief
Financial Officer, the President, a Senior Vice President or a Vice President, and by the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary of the Company, that complies with the requirements of Section 314(e) of the
Trust Indenture Act and is 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 who shall be reasonably acceptable to the Trustee, that, if required by the Trust Indenture Act, complies with the requirements of Section 314(e) of the Trust Indenture Act.

 “Original Issue Discount Security” means a Security issued pursuant to this Indenture which provides for
declaration of an amount less than the principal face amount thereof to be due and payable upon acceleration pursuant to Section 5.2. 
 “Outstanding,” when used with respect to any Securities, means, as of the date of determination, all such Securities theretofore authenticated and delivered under this Indenture, except: 
  

	 	 (a)
	 any such Security theretofore cancelled by the Trustee or the Security Registrar or delivered to the Trustee or the Security Registrar for cancellation;

  

	 	 (b)
	 any such Security for whose payment at the Maturity thereof money in the necessary amount has been theretofore deposited pursuant hereto (other than pursuant to
Section 4.2 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) for the Holders of such Securities, provided that, if such Securities
are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 

  

 - 6 - 

	 	 (c)
	 any such Security with respect to which the Company has effected defeasance pursuant to the terms hereof, except to the extent provided in Section 4.2; and

  

	 	 (d)
	 any such Security which has been paid pursuant to Section 3.6 or in exchange for or in lieu of which other Securities have been authenticated and delivered
pursuant to this Indenture, unless there shall have been presented to the Trustee proof satisfactory to it that such Security is held by a bona fide purchaser in whose hands such Security is a valid obligation of the Company;

 provided, however, that in determining whether the Holders of the requisite principal amount of Outstanding Securities
have given any request, demand, authorization, direction, notice, consent or waiver hereunder or are present at a meeting of Holders of Securities for quorum purposes, (i) the principal amount of an Original Issue Discount Security that may be
counted in making such determination and that shall be deemed to be Outstanding for such purposes shall be equal to the amount of the principal thereof that pursuant to the terms of such Original Issue Discount Security would be declared (or shall
have been declared to be) due and payable upon a declaration of acceleration thereof pursuant to Section 5.2 at the time of such determination, and (ii) the principal amount of any Indexed Security that may be counted in making such
determination and that shall be deemed Outstanding for such purposes shall be equal to the principal face amount of such Indexed Security at original issuance, unless otherwise provided in or pursuant to this Indenture, and (iii) the principal
amount of a Security denominated in a Foreign Currency shall be the Dollar equivalent, determined on the date of original issuance of such Security, of the principal amount (or, in the case of an Original Issue Discount Security, the Dollar
equivalent on the date of original issuance of such Security of the amount determined as provided in (i) above) of such Security, and (iv) Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the
Company or such other obligor, shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in making any such determination or relying upon any such request, demand, authorization,
direction, notice, consent or waiver, only Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Securities so owned which shall have been pledged in good faith may be regarded as Outstanding if
the pledgee establishes to the satisfaction of the Trustee (A) the pledge’s right so to act with respect to such Securities and (B) that the pledgee is not the Company or any other obligor upon the Securities or an Affiliate of the
Company or such other obligor. 
 “Paying Agent” means any Person authorized by the Company to pay the principal
of, or any premium or interest on, or any Additional Amounts with respect to, any Security on behalf of the Company. 
 “Person” means any individual, Corporation, partnership, limited liability company, association, joint venture, trust, or any other entity or organization, including government or political subdivision or an agency or
instrumentality thereof. 
 “Place of Payment,” with respect to any Security, means the place or places where the
principal of, or any premium or interest on, or any Additional Amounts with respect to such Security are payable as provided in or pursuant to this Indenture or such Security. 
  

 - 7 - 

 “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 3.6 in exchange for or in lieu of a lost, destroyed,
mutilated or stolen Security shall be deemed to evidence the same Debt as the lost, destroyed, mutilated or stolen Security. 
 “Redemption Date,” with respect to any Security or portion thereof to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture or such Security. 
 “Redemption Price,” with respect to any Security or portion thereof to be redeemed, means the price at which it is to be
redeemed as determined by or pursuant to this Indenture or such Security. 
 “Regular Record Date” for the interest
payable on any Security on any Interest Payment Date therefor means the date, if any, specified in or pursuant to this Indenture or such Security as the “Regular Record Date.” 
 “Required Currency” has the meaning specified in Section 1.16. 
 “Responsible Officer” means with respect to the Trustee any officer assigned by the Trustee to administer corporate trust
matters and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject. 
 “Security” or “Securities” means any note or notes, bond or bonds, debenture or debentures, or any other evidences of
Debt, as the case may be, 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 any such Person, shall
mean Securities authenticated and delivered under this Indenture, exclusive, however, of Securities of any series as to which such Person is not Trustee. 
 “Security Register” or “Security Registrar” have the respective meanings specified in Section 3.5. 
 “Special Record Date” for the payment of any Defaulted Interest on any Security means a date fixed by the Company pursuant to Section 3.7. 
 “Stated Maturity,” with respect to any Security or any installment of principal thereof or interest thereon or any Additional
Amounts with respect thereto, means the date established by or pursuant to this Indenture or such Security as the fixed date on which the principal of such Security or such installment of principal or interest is, or such Additional Amounts are, due
and payable. 
 “Subsidiary” of any Person means any corporation, limited liability company or other business
entity of which more than 50% of the total voting power of the equity interests entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof or any partnership of which more than
50% of the partnership 

  

 - 8 - 

 
interests (considering all general and limited partnership interests as a single class) is, in each case, at the time owned or controlled, directly or
indirectly, by such Person, one or more of the Subsidiaries of such Person, or combination thereof. 
 “Trust Indenture
Act” means the Trust Indenture Act of 1939, as amended, and any reference herein to the Trust Indenture Act or a particular provision thereof shall mean such Act or provision, as the case may be, as amended or replaced from time to time or as
supplemented from time to time by rules or regulations adopted by the Commission under or in furtherance of the purposes of such Act or provision, as the case may be. 
 “Trustee” means the Person named as the “Trustee” in the first paragraph of this instrument until a successor Trustee shall have become such with respect to one or more series
of Securities pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean each Person who is then a Trustee hereunder; provided, however, that if at any time there is more than one such Person,
“Trustee” shall mean each such Person and as used with respect to the Securities of any series shall mean the Trustee with respect to the Securities of such series. 
 “United States,” except as otherwise provided in or pursuant to this Indenture or any Security, means the United States of America (including the states thereof and the District of
Columbia), its territories and possessions and other areas subject to its jurisdiction. 
 “U.S. Alien,” except as
otherwise provided in or pursuant to this Indenture or any Security, means any Person who, for United States Federal income tax purposes, is a foreign corporation, a non-resident alien individual, a non-resident alien fiduciary of a foreign estate
or trust, or a foreign partnership one or more of the members of which is, for United States Federal income tax purposes, a foreign corporation, a non-resident alien individual or a non-resident alien fiduciary of a foreign estate or trust.

 “Vice President,” when used with respect to the Company or the Trustee, means any vice president, whether or not
designated by a number or a word or words added before or after the title “Vice President.” 
  

	 Section
	 1.2 Compliance Certificates and Opinions. 

 Except as otherwise expressly provided in this Indenture, 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 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 or any of them is specifically required by any provision of this Indenture relating
to such particular application or request, no additional certificate or opinion need be furnished. 
 Every certificate or
opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include: 
  

 - 9 - 

 (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
	 1.3 Form of Documents Delivered to Trustee. 

 In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the
opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such
Person may certify or give an opinion as to such matters in one or several documents. 
 Any certificate or opinion of an
officer of the Company may be based, insofar as it relates to legal matters, upon an Opinion of Counsel, provided that such officer, after reasonable inquiry, has no reason to believe and does not believe that the Opinion of Counsel with respect to
the matters upon which his certificate or opinion is based is erroneous. Any such Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the
Company stating that the information with respect to such factual matters is in the possession of the Company provided that such counsel, after reasonable inquiry, has no reason to believe and does not believe that the certificate or opinion or
representations with respect to such matters are erroneous. 
 Where any Person is required to make, give or execute two or
more applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture or any Security, they may, but need not, be consolidated and form one instrument. 
  

	 Section
	 1.4 Acts of Holders. 

 (1) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by or pursuant to this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more
instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing. 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 

  

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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 315 of the Trust Indenture Act) conclusive in favor of the Trustee and the Company and any agent of the Trustee or the Company, if 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 15.6. 
 Without limiting the generality of this
Section 1.4, unless otherwise provided in or pursuant to this Indenture, a Holder, including a Depository that is a Holder of a global Security, may make, give or take, by a proxy or proxies duly appointed in writing, any request, demand,
authorization, direction, notice, consent, waiver or other Act provided in or pursuant to this Indenture to be made, given or taken by Holders, and a Depository that is a Holder of a global Security may provide its proxy or proxies to the beneficial
owners of interests in any such global Security through such Depository’s standing instructions and customary practices. 
 The Company shall fix a record date for the purpose of determining the Persons who are beneficial owners of interest in any permanent global Security held by a Depository entitled under the procedures of such Depository to make, give or
take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other Act provided in or pursuant to this Indenture to be made, given or taken by Holders. If such a record date is
fixed, the Holders on such record date or their duly appointed proxy or proxies, and only such Persons, shall be entitled to make, give or take such request, demand, authorization, direction, notice, consent, waiver or other Act, whether or not such
Holders remain Holders after such record date. No such request, demand, authorization, direction, notice, consent, waiver or other Act shall be valid or effective if made, given or taken more than 90 days after such record date. 
 (2) The fact and date of the execution by any Person of any such instrument or writing referred to in this Section 1.4 may be proved
in any reasonable manner; and the Trustee may in any instance reasonably require further proof with respect to any of the matters referred to in this Section 
 (3) The ownership, principal amount and serial numbers of Securities held by any Person, and the date of the commencement and the date of the termination of holding the same, shall be proved by
the Security Register. 
 (4) If the Company shall solicit from the Holders of any Securities any request, demand,
authorization, direction, notice, consent, waiver or other Act, the Company may at its option (but is not obligated to), by Board Resolution fix in advance a record date for the determination of Holders of Securities entitled to give such request,
demand, authorization, direction, notice, consent, waiver or other Act. 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 Securities of record at the close of business on such record date shall be deemed to be Holders for the purpose 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 

  

 - 11 - 

 
such authorization, agreement or consent by the Holders of Securities shall be deemed effective unless it shall become effective pursuant to the provisions
of this Indenture not later than six months after the record date. 
 (5) Any request, demand, authorization, direction,
notice, consent, waiver or other Act by 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 or suffered to be done by the Trustee, any Security Registrar, any Paying Agent or the Company in reliance thereon, whether or not notation of such Act is made upon such Security. 
  

	 Section
	 1.5 Notices, etc. to Trustee and Company. 

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

 (1) the Trustee by any Holder or the Company shall be sufficient for every purpose hereunder if made, given, furnished or
filed in writing and delivered in person or mailed by certified or registered mail, return receipt requested to or with the Trustee at its Corporate Trust Office, or 
 (2) the Company by the Trustee or 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 the attention of its Treasurer, with a required copy to the attention of its General Counsel, at the address of its principal office specified in the first paragraph of this instrument or at any other address previously
furnished in writing to the Trustee by the Company. 
  

	 Section
	 1.6 Notice to Holders of Securities; Waiver. 

 Except as otherwise expressly provided in or pursuant to this Indenture, where this Indenture provides for notice to Holders of Securities of any event, such notice shall be sufficiently given to
Holders of Securities if in writing and mailed, first-class postage prepaid, to each Holder of a Security affected by such event, at his address as it appears in the Security Register, not later than the latest date, and not earlier than the
earliest date, prescribed for the giving of such notice. 
 In any case where notice to Holders of Securities is given by
mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder of a Security shall affect the sufficiency of such notice with respect to other Holders of Securities. Any notice which is mailed in the
manner herein provided shall be conclusively presumed to have been duly given or provided. In the case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice by mail, then
such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 
  

 - 12 - 

 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 of Securities 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
	 1.7 Language of Notices. 

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

	 Section
	 1.8 Conflict with Trust Indenture Act. 

 If any provision hereof limits, qualifies or conflicts with any duties under any required provision of the Trust Indenture Act, such required provision shall control. 
  

	 Section
	 1.9 Effect of Headings and Table of Contents. 

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

	 Section
	 1.10 Successors and Assigns. 

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

	 Section
	 1.11 Separability Clause. 

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

	 Section
	 1.12 Benefits of Indenture. 

 Nothing in this Indenture or any Security, 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 of Securities, any benefit or any legal or equitable right, remedy or claim under this Indenture. 
  

	 Section
	 1.13 Governing Law. 

 This Indenture and the Securities shall be governed by and construed in accordance with the laws of the State of New York applicable to agreements made or instruments entered into and, in each case, performed in said state. 
  

 - 13 - 

	 Section
	 1.14 Legal Holidays. 

 Unless otherwise specified in or pursuant to this Indenture or any Securities, in any case where any Interest Payment Date, Stated Maturity or Maturity of any Security shall not be a Business Day at any Place of
Payment, then (notwithstanding any other provision of this Indenture or any Security other than a provision in any Security that specifically states that such provision shall apply in lieu hereof) payment need not be made at such Place of Payment on
such date, but such payment may be made on the next succeeding day that is a Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date or at the Stated Maturity or Maturity, and no interest shall
accrue on the amount payable on such date or at such time for the period from and after such Interest Payment Date, Stated Maturity or Maturity, as the case may be, to such next succeeding Business Day. 
  

	 Section
	 1.15 Counterparts. 

 This Indenture may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. 
  

	 Section
	 1.16 Judgment Currency. 

 The Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining judgment in any court it is necessary to convert the sum due in respect of
the principal of, or premium or interest, if any, or Additional Amounts on the Securities of any series (the “Required Currency”) into a currency in which a judgment will be rendered (the “Judgment Currency”), the rate of
exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in the City of Chicago, State of Illinois the requisite amount of the Required Currency with the Judgment Currency on the Illinois
Banking Day preceding the day on which a final unappealable judgment is given and (b) their respective obligations under this Indenture to make payments in the Required Currency (i) shall not be discharged or satisfied by any tender, or
any recovery pursuant to any judgment (whether or not entered in accordance with clause (a)), in any currency other than the Required Currency, except to the extent that such tender or recovery shall result in the actual receipt, by the payee, of
the full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the Required Currency the amount, if any,
by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable and (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture. For purposes of the
foregoing, “Illinois Banking Day” means any day except a Saturday, Sunday or a legal holiday in the City of Chicago or a day on which banking institutions in the City of Chicago are authorized or obligated by law, regulation or executive
order to be closed. 
  

	 Section
	 1.17 No Security Interest Created. 

 Subject to the provisions of Section 10.5, except as may otherwise be provided pursuant to Section 3.1 with respect to Securities of any series, nothing in this Indenture or in any Securities, express or
implied, shall be construed to constitute a security interest under the 

  

 - 14 - 

 
Uniform Commercial Code or similar legislation, as now or hereafter enacted and in effect in any jurisdiction where property of the Company is or may be
located. 
  

	 Section
	 1.18 Limitation on Individual Liability. 

 No recourse under or upon any obligation, covenant or agreement contained in this Indenture or in any Security, or for any claim based thereon or otherwise in respect thereof, shall be had against any incorporator,
shareholder, officer or director, as such, past, present or future, of the Company, either directly or through the Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or
otherwise; it being expressly understood that this Indenture and the obligations issued hereunder are solely corporate obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators,
shareholders, officers or directors, as such, of the Company, or any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any
Security or implied therefrom; and that any and all such personal liability of every name and nature, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator,
shareholder, officer or director, as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any Security or implied therefrom, are
hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issuance of such Security. 
 ARTICLE 2 
 SECURITIES FORMS 
  

	 Section
	 2.1 Forms Generally. 

 Each Security issued pursuant to this Indenture shall be in the form established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, shall have such appropriate insertions,
omissions, substitutions and other variations as are required or permitted by or pursuant to this Indenture or any indenture supplemental hereto and may have such letters, numbers or other marks of identification and such legends or endorsements
placed thereon as may, consistently herewith, be determined by the officers executing such Security as evidenced by their execution of such Security. 
 Unless otherwise provided in or pursuant to this Indenture or any Securities, the Securities shall be issuable in registered form without coupons and shall not be issuable upon the exercise of warrants. 
 Definitive Securities shall be printed in any such manner as determined by the officers of the Company executing such Securities, as
evidenced by their execution of such Securities. 
  

 - 15 - 

	 Section
	 2.2 Form of Trustee’s Certificate of Authentication. 

 Subject to Section 6.11, the Trustee’s certificate of authentication shall be in substantially the following form: 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	 LASALLE BANK NATIONAL ASSOCIATION,

 as Trustee

		
	 By:
	 	  
		 	 Authorized Signatory

  

	 Section
	 2.3 Securities in Global Form. 

 Unless otherwise provided in or pursuant to this Indenture or any Securities, the Securities shall be issuable in temporary or permanent global form. If Securities of a series shall be issuable in global form, any
such Security may provide that it or any number of such Securities shall represent the aggregate amount of all Outstanding Securities of such series (or such lesser amount as is permitted by the terms thereof) from time to time endorsed thereon and
may also provide that the aggregate amount of Outstanding Securities represented thereby may from time to time be increased or reduced to reflect exchanges. Any endorsement of any Security in global form to reflect the amount, or any increase or
decrease in the amount, or changes in the rights of Holders, of Outstanding Securities represented thereby shall be made in such manner and by such Person or Persons as shall be specified therein or in the Company Order to be delivered pursuant to
Section 3.3 or 3.4 with respect thereto. Subject to the provisions of Section 3.3 and, if applicable, Section 3.4, the Trustee shall deliver and redeliver, in each case at the Company’s expense, any Security in permanent global
form in the manner and upon instructions given by the Person or Persons specified therein or in the applicable Company Order. If a Company Order pursuant to Section 3.3 or 3.4 has been, or simultaneously is, delivered, any instructions by the
Company with respect to a Security in global form shall be in writing but need not be accompanied by or contained in an Officers’ Certificate and need not be accompanied by an Opinion of Counsel. 
 Notwithstanding the provisions of Section 3.7, unless otherwise specified in or pursuant to this Indenture or any Securities,
payment of principal of, any premium and interest on, and any Additional Amounts in respect of, any Security in temporary or permanent global form shall be made to the Person or Persons specified therein. 
 Notwithstanding the provisions of Section 3.8 and except as provided in the preceding paragraph, the Company, the Trustee and any
agent of the Company or the Trustee shall treat as the Holder of such principal amount of Outstanding Securities represented by a global Security (i) in the case of a global Security in registered form, the Holder of such global Security in
registered form, or (ii) in the case of a global Security in bearer form, the Person or Persons specified pursuant to Section 3.1. 
  

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 ARTICLE 3 
 THE SECURITIES 
  

	 Section
	 3.1 Amount Unlimited; Issuable in Series. 

 The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more series. 
 With respect to any Securities to be authenticated and delivered hereunder, there shall be established in or pursuant to a Board
Resolution and set forth in an Officers’ Certificate, or established in one or more indentures supplemental hereto, 
 (1) the title of such Securities and the series in which such Securities shall be included; 
 (2) any limit upon
the aggregate principal amount of the Securities of such title or the Securities of such series which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in
exchange for, or in lieu of, other Securities of such series pursuant to Section 3.4, 3.5, 3.6, 9.5 or 11.7 or upon repayment in part of any Security of such series pursuant to Article 13); 
 (3) if any of such Securities are to be issuable in global form, when any of such Securities are to be issuable in global form and
(i) whether such Securities are to be issued in temporary or permanent global form or both, (ii) whether beneficial owners of interests in any such global Security may exchange such interests for Securities of the same series and of like
tenor and of any authorized form and denomination, and the circumstances under which any such exchanges may occur, if other than in the manner specified in Section 3.5, and (iii) the name of the Depository with respect to any such global
Security; 
 (4) the date as of which any global Security shall be dated (if other than the date of original issuance of the
first of such Securities to be issued); 
 (5) the date or dates, or the method or methods, if any, by which such date or
dates shall be determined, on which the principal of such Securities is payable; 
 (6) the rate or rates at which such
Securities shall bear interest, if any, or the method or methods, if any, by which such rate or rates are to be determined, the date or dates, if any, from which such interest shall accrue or the method or methods, if any, by which such date or
dates are to be determined, the Interest Payment Dates, if any, on which such interest shall be payable and the Regular Record Date, if any, for the interest payable on Securities on any Interest Payment Date, whether and under what circumstances
Additional Amounts on such Securities or any of them shall be payable, the notice, if any, to Holders regarding the determination of interest on a floating rate Security and the manner of giving such notice, and the basis upon which interest shall
be calculated if other than that of a 360-day year of twelve 30-day months; 
  

 - 17 - 

 (7) the place or places where the principal of, any premium and interest on or any
Additional Amounts with respect to such Securities shall be payable, any of such Securities that are Securities may be surrendered for registration of transfer or exchange, any of such Securities may be surrendered for conversion or exchange and
notices or demands to or upon the Company in respect of such Securities and this Indenture may be served, the extent to which, or the manner in which, any interest payment or Additional Amounts on a global Security on an Interest Payment Date, will
be paid and the manner in which any principal of or premium, if any, on any global Security will be paid; 
 (8) whether any
of such Securities are to be redeemable at the option of the Company and, if so, the date or dates on which, the period or periods within which, the price or prices at which and the other terms and conditions upon which such Securities may be
redeemed, in whole or in part, at the option of the Company; 
 (9) whether the Company is obligated to redeem or purchase
any of such Securities pursuant to any sinking fund or analogous provision or at the option of any Holder thereof and, if so, the date or dates on which, the period or periods within which, the price or prices at which and the other terms and
conditions upon which such Securities shall be redeemed or purchased, in whole or in part, pursuant to such obligation, and any provisions for the remarketing of such Securities so redeemed or purchased; 
 (10) the denominations in which any of such Securities shall be issuable if other than denominations of $1,000 and any integral multiple
thereof; 
 (11) if other than the principal amount thereof, the portion of the principal amount of any of such Securities
that shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 5.2 or the method by which such portion is to be determined; 
 (12) if other than Dollars, the Foreign Currency in which payment of the principal of, any premium or interest on or any Additional Amounts with respect to any of such Securities shall be
payable; 
 (13) if the principal of, any premium or interest on or any Additional Amounts with respect to any of such
Securities are to be payable, at the election of the Company or a Holder thereof or otherwise, in Dollars or in a Foreign Currency other than that in which such Securities are stated to be payable, the date or dates on which, the period or periods
within which, and the other terms and conditions upon which, such election may be made, and the time and manner of determining the exchange rate between the Currency in which such Securities are stated to be payable and the Currency in which such
Securities or any of them are to be paid pursuant to such election, and any deletions from or modifications of or additions to the terms of this Indenture to provide for or to facilitate the issuance of Securities denominated or payable, at the
election of the Company or a Holder thereof or otherwise, in a Foreign Currency; 
 (14) whether the amount of payments of
principal of, any premium or interest on or any Additional Amounts with respect to such Securities may be determined with reference to an index, formula or other method or methods (which index, formula or method or methods may be 

  

 - 18 - 

 
based, without limitation, on one or more Currencies, commodities, equity securities, equity indices or other indices), and, if so, the terms and conditions
upon which and the manner in which such amounts shall be determined and paid or payable; 
 (15) any deletions from,
modifications of or additions to the Events of Default or covenants of the Company with respect to any of such Securities, whether or not such Events of Default or covenants are consistent with the Events of Default or covenants set forth herein;

 (16) whether either or both of Section 4.2(2) relating to defeasance or Section 4.2(3) relating to covenant
defeasance shall not be applicable to the Securities of such series, or any covenants in addition to those specified in Section 4.2(3) relating to the Securities of such series which shall be subject to covenant of defeasance, and any deletions
from, or modifications or additions to, the provisions of Article 4 in respect of the Securities of such series; 
 (17)
whether any of such Securities are to be issuable upon the exercise of warrants, and the time, manner and place for such Securities to be authenticated and delivered; 
 (18) if any of such Securities are to be issuable in global form and are to be issuable in definitive form (whether upon original issue or upon exchange of a temporary Security) only upon receipt
of certain certificates or other documents or satisfaction of other conditions, then the form and terms of such certificates, documents or conditions; 
 (19) if there is more than one Trustee, the identity of the Trustee and, if not the Trustee, the identity of each Security Registrar, Paying Agent or Authenticating Agent with respect to such Securities; 

(20) any transfer restrictions applicable to the Securities of the series; 
 (21) any provisions regarding convertibility or exchangeability of the series; 
 (22) whether such Securities are senior or subordinated indebtedness, and any related provisions (including, if applicable, the
subordination provisions relating to the Securities); 
 (23) if such Securities are secured indebtedness, the provisions
relating thereto; and 
 (24) any other terms of such Securities and any other deletions from or modifications or additions
to this Indenture in respect of such Securities. 
 All Securities of any one series shall be substantially identical except
as may otherwise be provided by the Company in or pursuant to the Board Resolution and set forth in the Officers’ Certificate or in any indenture or indentures supplemental hereto pertaining to such series of Securities. The terms of the
Securities of any series may provide, without limitation, that the Securities shall be authenticated and delivered by the Trustee on original issue from time to time upon written order of persons designated in the Officers’ Certificate or
supplemental indenture and that such persons are authorized to determine, consistent with such Officers’ Certificate or any applicable supplemental indenture, such terms and conditions of the Securities of such series as are specified in such
Officers’ Certificate or supplemental indenture. All Securities of any one 

  

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series need not be issued at the same time and, unless otherwise so provided, a series may be reopened for issuances of additional Securities of such series
or to establish additional terms of such series of Securities. 
 If any of the terms of the Securities of any series shall
be established by action taken by or pursuant to a Board Resolution, the Board Resolution shall be delivered to the Trustee at or prior to the delivery of the Officers’ Certificate setting forth the terms of such series. 
  

	 Section
	 3.2 Currency; Denominations. 

 Unless otherwise provided in or pursuant to this Indenture, the principal of, any premium and interest on and any Additional Amounts with respect to the Securities shall be payable in Dollars. Unless otherwise
provided in or pursuant to this Indenture, Securities denominated in Dollars shall be issuable in registered form without coupons in denominations of $1,000 and any integral multiple thereof. Securities not denominated in Dollars shall be issuable
in such denominations as are established with respect to such Securities in or pursuant to this Indenture. 
  

	 Section
	 3.3 Execution, Authentication, Delivery and Dating. 

 Securities shall be executed on behalf of the Company and attested by its Secretary or one of its Assistant Secretaries. The signature of any of these officers on the Securities may be manual or
facsimile. 
 Securities 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 original issuance of
such Securities. 
 At any time and from time to time after the execution and delivery of this Indenture, the Company may
deliver Securities executed by the Company to the Trustee for authentication and, provided that the Board Resolution and Officers’ Certificate or supplemental indenture or indentures with respect to such Securities referred to in
Section 3.1 and a Company Order for the authentication and delivery of such Securities have been delivered to the Trustee, the Trustee in accordance with the Company Order and subject to the provisions hereof and of such Securities shall
authenticate and deliver such Securities. In authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to Sections 315(a)
through 315(d) of the Trust Indenture Act) shall be fully protected in relying upon, 
 (1) an Opinion of Counsel to the
effect that: 
 (a) the form or forms and terms of such Securities have been established in conformity with
the provisions of this Indenture; 
 (b) all conditions precedent to the authentication and delivery of such
Securities have been complied with and that such Securities, when completed by 

  

 - 20 - 

 
appropriate insertions, executed and attested by duly authorized officers of the Company, delivered by duly authorized officers of the Company to the Trustee
for authentication pursuant to this Indenture, and authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute legally valid and binding
obligations of the Company, enforceable against the Company in accordance with their terms, except as enforcement thereof may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, arrangement, fraudulent conveyance,
fraudulent transfer or other similar laws relating to or affecting creditors’ rights generally, and subject to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law) and will entitle the
Holders thereof to the benefits of this Indenture; such Opinion of Counsel need express no opinion as to the availability of equitable remedies; and 
 (c) all laws and requirements in respect of the execution and delivery by the Company of such Securities have been complied with; 
 and, to the extent that this Indenture is required to be qualified under the Trust Indenture Act in connection with the issuance of such Securities, to the further effect that: 
 (d) this Indenture has been qualified under the Trust Indenture Act; and 
 (2) an Officers’ Certificate stating that all conditions precedent to the execution, authentication and delivery of such Securities
have been complied with and that, to the best knowledge of the Persons executing such certificate, no event which is, or after notice or lapse of time would become, an Event of Default with respect to any of the Securities shall have occurred and be
continuing. 
 If all the Securities of any series are not to be issued at one time, it shall not be necessary to deliver an
Opinion of Counsel and an Officers’ Certificate at the time of issuance of each Security, but such opinion and certificate, with appropriate modifications, shall be delivered at or before the time of issuance of the first Security of such
series. After any such first delivery, any separate written request by an Authorized Officer of the Company that the Trustee authenticate and deliver Securities of such series for original issue will be deemed to be a certification by the Company
that all conditions precedent provided for in this Indenture relating to authentication and delivery of such Securities continue to have been complied with. 
 The Trustee shall not be required to authenticate or to cause an Authenticating Agent to authenticate any Securities if the issue of such Securities pursuant to this Indenture will affect the
Trustee’s own rights, duties or immunities, as Trustee under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee or if the Trustee, being advised by counsel, determines that such action
may not lawfully be taken. 
 Each Security shall be dated the date of its authentication. 
 No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose, unless there appears on such
Security a certificate of authentication substantially 

  

 - 21 - 

 
in the form provided for in Section 2.2 or 6.11 executed by or on behalf of the Trustee or by the Authenticating Agent by the manual signature of one of
its authorized officers. Such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder. 
  

	 Section
	 3.4 Temporary Securities. 

 Pending the preparation of definitive Securities, the Company may execute and deliver to the Trustee and, upon Company Order, the Trustee shall authenticate and deliver, in the manner provided in Section 3.3,
temporary Securities in lieu thereof which 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 or pursuant to this Indenture, in bearer form 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. 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 the provisions thereof, if temporary Securities are issued, the Company shall cause definitive Securities to be prepared without unreasonable delay. After
the preparation of definitive Securities of the same series and containing terms and provisions that are identical to those of any temporary Securities, such temporary Securities shall be exchangeable for such definitive Securities upon surrender of
such temporary Securities at an Office or Agency for such Securities, without charge to any Holder thereof. Upon surrender for cancellation of any one or more temporary Securities, the Company shall execute and the Trustee shall authenticate and
deliver in exchange therefor a like principal amount of definitive Securities of authorized denominations of the same series and containing identical terms and provisions. Unless otherwise provided in or pursuant to this Indenture with respect to a
temporary global Security, 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. 
  

	 Section
	 3.5 Registration, Transfer and Exchange. 

 With respect to the Securities of each series, if any, the Company shall cause to be kept a register (each such register being herein sometimes referred to as the “Security Register”) at an Office or Agency
for such series in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of the Securities of such series and of transfers of the Securities of such series. Such Office or Agency shall be
the “Security Registrar” for that series of Securities. Unless otherwise specified in or pursuant to this Indenture or the Securities, the Trustee shall be the initial Security Registrar for each series of Securities. The Company shall
have the right to remove and replace from time to time the Security Registrar for any series of Securities; provided that no such removal or replacement shall be effective until a successor Security Registrar with respect to such series of
Securities shall have been appointed by the Company and shall have accepted such appointment by the Company. In the event that the Trustee shall not be or shall cease to be Security Registrar with respect to a series of Securities, it shall have the
right to examine the Security Register for such series at all reasonable times. There shall be only one Security Register for each series of Securities. 
  

 - 22 - 

 Upon surrender for registration of transfer of any Security of any series at any Office
or Agency for such 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 Securities of the same series denominated as authorized in or pursuant to
this Indenture, of a like aggregate principal amount bearing a number not contemporaneously outstanding and containing identical terms and provisions. 
 At the option of the Holder, Securities of any series may be exchanged for other Securities of the same series containing identical terms and provisions, in any authorized denominations, and of a like aggregate
principal amount, upon surrender of the Securities to be exchanged at any Office or Agency for such series. Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the
Securities which the Holder making the exchange is entitled to receive. 
 Except as otherwise provided in or pursuant to
this Indenture, any global Security in a series shall be exchangeable for definitive Securities of such series only if (i) the Depository is at any time unwilling, unable to continue as depository or if the Depositary ceases to be eligible
under this Indenture and a successor depository is not appointed by the Company within 90 days of the date the Company is so informed in writing, (ii) the Company executes and delivers to the Trustee a Company Order to the effect that such
global Security shall be so exchangeable, or (iii) an Event of Default has occurred and is continuing with respect to the Securities and the Holders of at least a majority in principal amount of the Outstanding Securities of such series have
requested definitive Securities. If the beneficial owners of interests in a global Security are entitled to exchange such interests for definitive Securities as the result of an event described in clause (i), (ii) or (iii) of the preceding
sentence, then without unnecessary delay but in any event not later than the earliest date on which such interests may be so exchanged, the Company shall deliver to the Trustee definitive Securities in such form and denominations as are required by
or pursuant to this Indenture, and of the same series, containing identical terms and in aggregate principal amount equal to the principal amount of such global Security, executed by the Company. On or after the earliest date on which such interests
may be so exchanged, such global Security shall be surrendered from time to time by the Depository as shall be specified in the Company Order with respect thereto, and in accordance with instructions given to the Trustee and the Depository, as the
case may be (which instructions shall be in writing but need not be contained in or accompanied by an Officers’ Certificate or be accompanied by an Opinion of Counsel), as shall be specified in the Company Order with respect thereto to the
Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or in part, for definitive Securities as described above without charge. The Trustee shall authenticate and make available for delivery, in exchange for each portion of
such surrendered global Security, a like aggregate principal amount of definitive Securities of the same series of authorized denominations and of like tenor as the portion of such global Security to be exchanged; provided, however, that no such
exchanges may occur during a period beginning at the opening of business 15 days before any selection of Securities of the same series to be redeemed and ending on the relevant Redemption Date. Promptly following any such exchange in part, such
global Security shall be 

  

 - 23 - 

 
returned by the Trustee to such Depository, or such other Depository referred to above in accordance with the instructions of the Company referred to above.
If a Security is issued in exchange for any portion of a global Security after the close of business at the Office or Agency for such Security where such exchange occurs on or after (i) any Regular Record Date for such Security and before the
opening of business at such Office or Agency on the next succeeding Interest Payment Date, or (ii) any Special Record Date for such Security and before the opening of business at such Office or Agency on the related proposed date for payment of
interest or Defaulted Interest, as the case may be, interest shall not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of such Security, but shall 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 global Security shall be 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 entitling the Holders thereof to the same benefits under this Indenture as the Securities surrendered upon such registration of transfer or exchange. 
 Every Security presented or surrendered for registration of transfer or for exchange or redemption shall (if so required by the Company
or the Security Registrar for such Security) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar for such Security 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, or redemption of
Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge and any other expenses (including fees and expenses of the Trustee) that may be imposed in connection with any registration of transfer
or exchange of Securities, other than exchanges pursuant to Section 3.4, 9.5 or 11.7 not involving any transfer. 
 Except as otherwise provided in or pursuant to this Indenture, the Company shall not be required (i) to issue, register the transfer of or exchange any Securities during a period beginning at the opening of business 15 days before the
day of the selection for redemption of Securities of like tenor and the same series under Section 11.3 and ending at the close of business on the day of such selection, or (ii) to register the transfer of or exchange any Security so
selected for redemption in whole or in part, except in the case of any Security to be redeemed in part, the portion thereof not to be redeemed, or (iii) to issue, register the transfer of or exchange any Security which, in accordance with its
terms, has been surrendered for repayment at the option of the Holder, except the portion, if any, of such Security not to be so repaid. 
  

	 Section
	 3.6 Mutilated, Destroyed, Lost and Stolen Securities. 

 If any mutilated Security is surrendered to the Trustee, subject to the provisions of this Section 3.6, the Company shall execute and the Trustee shall authenticate and deliver in exchange
therefor a new Security of the same series containing identical terms and of like principal amount and bearing a number not contemporaneously outstanding. 
  

 - 24 - 

 If there be delivered to the Company and to the Trustee (i) evidence to their
satisfaction of the destruction, loss or theft of any Security, 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 notice to the Company or the
Trustee of any adverse claim or that such Security has been acquired by a bona fide purchaser, the Company shall execute and, upon the Company’s request the Trustee shall authenticate and deliver, in exchange for or in lieu of any such
mutilated, destroyed, lost or stolen Security, a new Security of the same series containing identical terms and of like principal amount and bearing a number not contemporaneously outstanding. 
 Notwithstanding the foregoing provisions of this Section 3.6, in case any mutilated, destroyed, lost or stolen Security has become
or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 
 Upon the issuance of any new Security under this Section 3.6, 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 issued pursuant to this
Section 3.6 in lieu of any destroyed, lost or stolen Security shall constitute a separate obligation of the Company, whether or not the destroyed, lost or stolen Security 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 such series duly issued hereunder. 
 The provisions of this Section 3.6, as amended or supplemented pursuant to this Indenture with respect to particular Securities or generally, shall be 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. 
  

	 Section
	 3.7 Payment of Interest and Certain Additional Amounts; Rights to Interest and Certain Additional Amounts Preserved. 

 Unless otherwise provided in or pursuant to this Indenture, any interest on and any Additional Amounts with respect to any Security which
shall be payable, and are punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Security (or one or more Predecessor Securities) is registered as of the close of business on the Regular
Record Date for such interest. 
  

 - 25 - 

 Unless otherwise provided in or pursuant to this Indenture, any interest on and any
Additional Amounts with respect to any Security which shall be payable, but shall not be punctually paid or duly provided for, on any Interest Payment Date for such Security (herein called “Defaulted Interest”) shall forthwith cease to be
payable to the 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 Person in whose name such Security (or a
Predecessor Security thereof) shall be registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed by the Company in the following manner. The Company shall notify the Trustee in
writing of the amount of Defaulted Interest proposed to be paid on such Security, the Special Record Date therefor and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the
aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit on or prior to the date of the proposed payment, such money when so deposited to be held in trust for
the benefit of the Person entitled to such Defaulted Interest as in this Clause provided. The Special Record Date for the payment of such Defaulted Interest 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 notification to the Trustee of the proposed payment. The Trustee shall, in the name and at the expense of the Company, cause notice of the proposed payment of such Defaulted Interest and the Special Record
Date therefor to be mailed, first-class postage prepaid, to the Holder of such Security (or a Predecessor Security thereof) at his address as it appears in the Security Register not less than 10 days prior to such Special Record Date. 
 (2) The Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any
securities exchange on which such Security may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this Clause, such payment shall be deemed
practicable by the Trustee. 
 Unless otherwise provided in or pursuant to this Indenture or the Securities of any particular
series pursuant to the provisions of this Indenture, at the option of the Company, interest on Securities that bear interest may be paid by mailing a check to the address of the Person entitled thereto as such address shall appear in the Security
Register or by transfer to an account maintained by the payee with a bank located in the United States. 
 Subject to the
foregoing provisions of this Section and Section 3.5, 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. 
  

	 Section
	 3.8 Persons Deemed Owners. 

 Prior to due presentment of a 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 Security is registered in the Security
Register as the owner of such Security for the purpose of receiving payment of principal of, any premium and (subject to Section 3.5 and 3.7) interest on and any Additional Amounts with respect to such Security and for all other purposes
whatsoever, whether or not any payment with respect to such Security shall be overdue, and none of the Company, the Trustee or any agent of the Company, or the Trustee shall be affected by notice to the contrary. 
  

 - 26 - 

 No Holder of any beneficial interest in any global Security held on its behalf by a
Depository shall have any rights under this Indenture with respect to such global Security, and such Depository may be treated by the Company, the Trustee, and any agent of the Company or the Trustee as the owner of such global Security for all
purposes whatsoever. None of the Company, the Trustee, any Paying Agent or the Security Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a
global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
  

	 Section
	 3.9 Cancellation. 

 All Securities surrendered for payment, redemption, registration of transfer, exchange or conversion 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, as well as Securities surrendered directly to the Trustee for any such purpose, shall be cancelled promptly by the Trustee. The Company may at any time deliver to the Trustee for cancellation any Securities previously
authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be cancelled promptly by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any
Securities cancelled as provided in this Section, except as expressly permitted by or pursuant to this Indenture. All cancelled Securities held by the Trustee shall be destroyed by the Trustee unless, by a Company Order, the Company directs their
return to it. 
  

	 Section
	 3.10 Computation of Interest. 

 Except as otherwise provided in or pursuant to this Indenture or in any Security, interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months. 
 ARTICLE 4 
 SATISFACTION AND DISCHARGE OF
INDENTURE 
  

	 Section
	 4.1 Satisfaction and Discharge. 

 Upon the direction of the Company by a Company Order, this Indenture shall cease to be of further effect with respect to any series of Securities specified in such Company Order, and the Trustee, on receipt of a
Company Order, 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 except lost, stolen or destroyed debt securities of that series that have been replaced or paid and debt securities of that series for whose payment money has been deposited in trust and thereafter repaid to
us have been delivered to the Trustee for cancellation; or 
 (b) all Securities of such series thereto not
theretofore delivered to the Trustee for cancellation 
 (i) have become due and payable, or 
  

 - 27 - 

 (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 reasonably 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 deposited or caused to be deposited with the Trustee as trust funds in trust for such purpose, money in the Currency in
which such Securities are payable in an amount sufficient to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, including the principal of, any premium and interest on, and any
Additional Amounts with respect to such Securities, to the date of such deposit (in the case of Securities which have become due and payable) or to the Maturity thereof, as the case may be; 
 (2) the Company has paid or caused to be paid all other sums payable hereunder by the Company with respect to the Outstanding Securities
of such series; and 
 (3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel
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. 
 In the event there are Securities of two or more series 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 such series as to which it is Trustee and if the other conditions thereto are met. 
 Notwithstanding the satisfaction and discharge of this Indenture with respect to any series of Securities, the obligations of the Company to the Trustee under Section 6.6 and, if money shall have been deposited with the Trustee
pursuant to clause (1)(b) of this Section, the obligations of the Company and the Trustee with respect to the Securities of such series under Sections 3.5, 3.6, 4.3, 10.2 and 10.3, with respect to the payment of Additional Amounts, if any, with
respect to such Securities as contemplated by Section 10.4 (but only to the extent that the Additional Amounts payable with respect to such Securities exceed the amount deposited in respect of such Additional Amounts pursuant to
Section 4.1(1)(b)) shall survive. 
  

	 Section
	 4.2 Defeasance and Covenant Defeasance. 

 (1) Unless pursuant to Section 3.1, either or both of (i) defeasance of the Securities of or within a series under Section 4.2(2) shall not be applicable with respect to the Securities of such series or
(ii) covenant defeasance of the Securities of or within a series under Section 4.2(3) shall not be applicable with respect to the Securities of such series, then such provisions, together with the other provisions of this Section 4.2
(with such modifications thereto as may be specified 

  

 - 28 - 

 
pursuant to Section 3.1 with respect to any Securities), shall be applicable to such Securities, and the Company may at its option by Board Resolution,
at any time, with respect to such Securities, elect to have Section 4.2(2) or Section 4.2(3) be applied to such Outstanding Securities upon compliance with the conditions set forth below in this Section 4.2. 
 (2) Upon the Company’s exercise of the above option applicable to this Section 4.2(2) 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 on the date the conditions set forth in Section 4.2(4) are satisfied (hereinafter, “defeasance”).
For this purpose, such defeasance means that the Company shall be deemed to have paid and discharged the entire Debt represented by such Outstanding Securities, which shall thereafter be deemed to be “Outstanding” only for the purposes of
Section 4.2(5) and the other Sections of this Indenture referred to in clauses (i) and (ii) below, and to have satisfied all of its other obligations under such Securities, and this Indenture insofar as such Securities are concerned
(and the Trustee, at the expense of the Company shall execute proper instruments acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder: (i) the rights of Holders of such
Outstanding Securities to receive, solely from the trust fund described in Section 4.2(4) and as more fully set forth in such clause, payments in respect of the principal of (and premium, if any) and interest, if any, on, and Additional
Amounts, if any, with respect to, such Securities when such payments are due, (ii) the obligations of the Company and the Trustee with respect to such Securities under Sections 3.5, 3.6, 6.6, 10.2 and 10.3 and with respect to the payment of
Additional Amounts, if any, on such Securities as contemplated by Section 10.4 (but only to the extent that the Additional Amounts payable with respect to such Securities exceed the amount deposited in respect of such Additional Amounts
pursuant to Section 4.2(4)(a) below), (iii) the rights, powers, trusts, duties and immunities of the Trustee hereunder and (iv) this Section 4.2. The Company may exercise its option under this Section 4.2(2) notwithstanding
the prior exercise of its option under Section 4.2(3) with respect to such Securities. 
 (3) Upon the Company’s
exercise of the option to have this Section 4.2(3) apply with respect to any Securities of or within a series, the Company shall be released from its obligations under Section 10.5 and, to the extent specified pursuant to any indenture
supplement, any other covenant applicable to such Securities, with respect to such Outstanding Securities on and after the date the conditions set forth in clause (4) of this Section 4.2 are satisfied (hereinafter, “covenant
defeasance”), and such Securities shall thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection with any such
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, 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 5.1(4) or 5.1(7) or otherwise,
as the case may be, but, except as specified above, the remainder of this Indenture and such Securities shall be unaffected thereby. 
  

 - 29 - 

 (4) The following shall be the conditions to application of Section 4.2(2) or
Section 4.2(3) to any Outstanding Securities of or within a series: 
 (a) The Company shall irrevocably
have deposited or caused to be deposited with the Trustee (or another trustee satisfying the requirements of Section 6.7 who shall agree to comply with the provisions of this Section 4.2 applicable to it) 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, (1) an amount in Dollars or in such Foreign Currency in which such Securities are then
specified as payable at Stated Maturity, or (2) Government Obligations applicable to such Securities (determined on the basis of the Currency in which such Securities are then specified as payable at Stated Maturity) which 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, if any) and interest, if any, on such Securities, money in an
amount, or (3) a combination thereof, in any case, 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 which shall be applied by the Trustee (or other qualifying trustee) to pay and discharge, (y) the principal of (and premium, if any) and interest, if any, on
such Outstanding Securities at the Stated Maturity of such principal or installment of principal or premium or interest and (z) any mandatory sinking fund payments or analogous payments applicable to such Outstanding Securities on the days on
which such payments are due and payable in accordance with the terms of this Indenture and of such Securities. 
 (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.

 (c) No Event of Default or event which with notice or lapse of time or both would become an Event of
Default with respect to such Securities shall have occurred and be continuing on the date of establishment of such trust and, with respect to defeasance only, 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 clause (2) of this Section 4.2, the Company shall have delivered to the Trustee an Opinion of Counsel stating that (i) the Company has received from the Internal Revenue Service a letter
ruling, or there has been published by the Internal Revenue Service a Revenue 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 that, the Holders of such Outstanding Securities will not recognize income, gain or loss for Federal income tax purposes solely 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. 
  

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 (e) In the case of an election under clause (3) of this
Section 4.2, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Outstanding Securities 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 Opinion of Counsel to the effect that, after the 91st day after the
date of establishment of such trust, all money and Government Obligations (or other property as may be provided pursuant to Section 3.1) (including the proceeds thereof) deposited or caused to be deposited with the Trustee (or other qualifying
trustee) pursuant to Section 4.2(4) to be held in trust will not be subject to any case or proceeding (whether voluntary or involuntary) in respect of the Company under any Federal or State bankruptcy, insolvency, reorganization or other
similar law, or any decree or order for relief in respect of the Company issued in connection therewith. 
 (g) 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 or covenant defeasance under Section 4.2(2) or
Section 4.2(3) (as the case may be) have been complied with. 
 (h) Notwithstanding any other provisions
of this Section 4.2(4), such defeasance or covenant defeasance shall be effected in compliance with any additional or substitute terms, conditions or limitations which may be imposed on the Company in connection therewith pursuant to
Section 3.1. 
 (5) Unless otherwise specified in or pursuant to this Indenture or any Security, if, after a deposit
referred to in Section 4.2(4)(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 3.1 or the terms of such Security to receive payment in a
Currency other than that in which the deposit pursuant to Section 4.2(4)(a) has been made in respect of such Security, or (b) a Conversion Event occurs in respect of the Foreign Currency in which the deposit pursuant to
Section 4.2(4)(a) has been made, the indebtedness represented by such Security shall be deemed to have been, and will be, fully discharged and satisfied through the payment of the principal of (and premium, if any), and interest, if any, on,
and Additional Amounts, if any, with respect to, such Security as the same becomes due 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 in which such Security becomes payable as a result of such election or Conversion Event based on (x) in the case of payments made pursuant to clause (a) above, the applicable market exchange rate
for such Currency in effect on the second Business Day prior to each payment date, or (y) with respect to a Conversion Event, the applicable market exchange rate for such Foreign Currency in effect (as nearly as feasible) at the time of the
Conversion Event. The Company shall pay and indemnify the Trustee (or other qualifying trustee, collectively for purposes of Section 4.3, the “Trustee”) against any tax, fee or other charge, imposed on or assessed against the
Government Obligations deposited pursuant to 

  

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this Section 4.2 or the principal or interest received in respect thereof other than any such tax, fee or other charge which by law is for the account
of the Holders of such Outstanding Securities. 
 Anything in this Section 4.2 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 clause (4) of this Section 4.2 which, 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 which would then be required to be deposited to effect a defeasance
or covenant defeasance, as applicable, in accordance with this Section 4.2. 
  

	 Section
	 4.3 Application of Trust Money. 

 Subject to the provisions of the last paragraph of Section 10.3, all money and Government Obligations (or other property as may be provided pursuant to Section 3.1) (including the proceeds thereof) deposited
with the Trustee pursuant to Section 4.1 or 4.2 in respect of any Outstanding Securities of any series shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities 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 of all sums due and to become due thereon in respect of principal (and premium, if
any) and interest and Additional Amounts, if any; but such money and Government Obligations need not be segregated from other funds except to the extent required by law. 
 ARTICLE 5 
 REMEDIES SECTION 
  

	 Section
	 5.1 Events of Default. 

 “Event of Default,” wherever used herein with respect to Securities of any series means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or
involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body), unless such event is specifically deleted or modified in or
pursuant to the supplemental indenture, Board Resolution or Officers’ Certificate establishing the terms of such Series pursuant to this Indenture: 
 (1) default in the payment of any interest on any Security of such series, or any Additional Amounts payable with respect thereto, when such interest becomes or such Additional Amounts become due and payable, and
continuance of such default for a period of 30 days; 
 (2) default in the payment of the principal of or any premium on any
Security of such series, or any Additional Amounts payable with respect thereto, when such principal or premium becomes or such Additional Amounts become due and payable at their Maturity; 
  

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 (3) default in the deposit of any sinking fund payment when and as due by the terms of a
Security of such series; 
 (4) default in the performance, or breach, of any covenant or warranty of the Company in this
Indenture or the Securities (other than a covenant or warranty a default in the performance or the breach of which is elsewhere in this Indenture specifically dealt with or which has been expressly included in this Indenture solely for the benefit
of a series of Securities other than such series), and continuance of such default or breach for a period of 60 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 such series, a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default”; 

(5) the entry by a court having competent jurisdiction of: 
 (a) a decree or order for relief in respect of the Company in an involuntary proceeding under any applicable bankruptcy,
insolvency, reorganization or other similar law and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; 
 (b) a decree or order adjudging the Company to be insolvent, or approving a petition seeking reorganization, arrangement, adjustment or composition of the Company, and such decree or order shall
remain unstayed and in effect for a period of 60 consecutive days; or 
 (c) a final and non-appealable order
appointing a custodian, receiver, liquidator, assignee, trustee or other similar official of the Company, or of any substantial part of the property of the Company, or ordering the winding up or liquidation of the affairs of the Company. 

(6) the commencement by the Company of a voluntary proceeding under any applicable bankruptcy, insolvency, reorganization or other
similar law or of a voluntary proceeding seeking to be adjudicated insolvent or the consent by the Company to the entry of a decree or order for relief in an involuntary proceeding under any applicable bankruptcy, insolvency, reorganization or other
similar law or to the commencement of any insolvency proceedings against it, or the filing by the Company of a petition or answer or consent seeking reorganization, arrangement, adjustment or composition of the Company or relief under any applicable
law, or the consent by the Company to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee or similar official of the Company or any substantial part of the property of the
Company, or the making by the Company of an assignment for the benefit of creditors, or the taking of corporate action by the Company in furtherance of any such action; or 
 (7) any other Event of Default provided in or pursuant to this Indenture with respect to Securities of such series. 
  

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	 Section
	 5.2 Acceleration of Maturity; Rescission and Annulment. 

 If an Event of Default with respect to Securities of any series at the time Outstanding (other than an Event of Default with respect to the Company specified in Section 5.1(5) or
Section 5.1(6) occurs and is continuing, then the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of such series may declare the principal of all the Securities of such series, or such lesser amount
as may be provided for in the Securities of such series, to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by the Holders), and upon any such declaration such principal or such lesser amount shall
become immediately due and payable. 
 If an Event of Default with respect to the Company specified in Section 5.1(5)or
Section 5.1(6) occurs, all unpaid principal of and accrued interest on the Outstanding Securities of that series (or such lesser amount as may be provided for in the Securities of such series) shall ipso facto become and be immediately due and
payable without any declaration or other act on the part of the Trustee or any Holder of any Security of that series. 
 At
any time after a declaration of acceleration with respect to the 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 not less than a majority in principal amount of the Outstanding Securities of such series, by written notice to the Company, and the Trustee, may rescind and annul such declaration and its consequences if 
 (1) the Company has paid or deposited with the Trustee a sum of money sufficient to pay 
 (a) all overdue installments of any interest on and Additional Amounts with respect to all Securities of such series,

 (b) the principal of and any premium on any Securities of such series which have become due otherwise than
by such declaration of acceleration and interest thereon and any Additional Amounts with respect thereto at the rate or rates borne by or provided for in such Securities, 
 (c) to the extent that payment of such interest or Additional Amounts is lawful, interest upon overdue installments of any
interest and Additional Amounts at the rate or rates borne by or provided for in such Securities, and 
 (d)
all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and all other amounts due the Trustee under Section 6.6; and 
 (2) all Events of Default with respect to Securities of such series, other than the non-payment of the principal of, any premium and
interest on, and any Additional Amounts with respect to Securities of such series which shall have become due solely by such declaration of acceleration, shall have been cured or waived as provided in Section 5.13. 
  

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

	 Section
	 5.3 Collection of Debt and Suits for Enforcement by Trustee. 

 The Company covenants that if 
 (1) default is made in the payment of
any installment of interest on or any Additional Amounts with respect to any Security when such interest or Additional Amounts shall have become 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 any premium on any Security or any Additional Amounts with respect thereto at
their Maturity, the Company shall, upon demand of the Trustee, pay to the Trustee, for the benefit of the Holders of such Securities, the whole amount of money then due and payable with respect to such Securities, with interest upon the overdue
principal, any premium and, to the extent that payment of such interest shall be legally enforceable, upon any overdue installments of interest and Additional Amounts at the rate or rates borne by or provided for in such Securities, and, in addition
thereto, such further amount of money 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 and all other amounts due
to the Trustee under Section 6.6. 
 If the Company fails to pay the money it is required to pay the Trustee pursuant to
the preceding paragraph forthwith upon the demand of the Trustee, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the money 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 and collect the monies 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, 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 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 such Securities or in aid of the exercise of any power granted herein or therein, or to enforce any other proper remedy.

  

	 Section
	 5.4 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 of any series or the property of the Company or such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise
and irrespective of whether the Trustee shall have made any demand on the Company for the 

  

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payment of any overdue principal, premium, interest or Additional Amounts) shall be entitled and empowered, by intervention in such proceeding or otherwise,

 (1) to file and prove a claim for the whole amount, or such lesser amount as may be provided for in the Securities of any
applicable series, of the principal and any premium, interest and Additional Amounts 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 compensation, expenses, disbursements and advances of the Trustee, its agents or counsel) and of the Holders of Securities allowed in such judicial proceeding, and 
 (2) to collect and receive any monies 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 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 of Securities, to pay to the Trustee any amount due to it for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and any other amounts due the Trustee under Section 6.6. 
 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 any plan of reorganization, arrangement,
adjustment or composition affecting the Securities 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 in any such proceeding. 
  

	 Section
	 5.5 Trustee May Enforce Claims without Possession of Securities. 

 All rights of action and claims under this Indenture or any of the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities 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 or judgment, after provision for the payment of the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, shall be for the ratable benefit of each and every Holder of the Securities in respect of which such judgment has been recovered. 
  

	 Section
	 5.6 Application of Money Collected. 

 Any money collected by the Trustee pursuant to this Article shall, unless otherwise provided pursuant to Section 3.1, be applied in the following order with respect to the Securities of such series, at the date
or dates fixed by the Trustee and, in case of the distribution of such money on account of principal, or any premium, interest or Additional Amounts, upon presentation of the Securities of the applicable series 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 6.6; 
  

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 SECOND: To the payment of the amounts then due and unpaid upon the Securities of the
applicable series for principal and any premium, interest and Additional Amounts 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 for principal and any premium, interest and Additional Amounts, respectively; 
 THIRD: The
balance, if any, to the Company or, Person or Persons entitled thereto. 
  

	 Section
	 5.7 Limitations on Suits. 

 No Holder of any Security of any series 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 such series; 
 (2) the Holders of not less than 25% in principal amount of the Outstanding
Securities of such series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 
 (3) such Holder or Holders have offered to the Trustee such indemnity as is reasonably 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 such series; 
 it being
understood and intended that no one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture or any Security to affect, disturb or prejudice the rights of any other such
Holders or Holders of Securities of any other series, or to obtain or to seek to obtain priority or preference over any other 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. 
  

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	 Section
	 5.8 Unconditional Right of Holders to Receive Principal and any Premium, Interest and Additional Amounts. 

 Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and
unconditional, to receive payment of the principal of, any premium and (subject to Section 3.5 and Section 3.7) interest on, and any Additional Amounts with respect to such Security, as the case may be, on the respective Stated Maturity or
Maturities therefor specified in such Security (or, in the case of redemption, on the Redemption Date or, in the case of repayment at the option of such Holder if provided in or pursuant to this Indenture, on the date such repayment is due) and to
institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder. 
  

	 Section
	 5.9 Restoration of Rights and Remedies. 

 If the Trustee or any Holder of a Security 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 each such Holder 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 each such Holder shall continue as though no such proceeding had been instituted. 
  

	 Section
	 5.10 Rights and Remedies Cumulative. 

 Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of Section 3.6, no right or remedy herein conferred upon or
reserved to the Trustee or to each and every Holder of a Security is intended to be exclusive of any other right or remedy, and every right and remedy, to the extent permitted by law, shall 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, to the extent permitted by law, prevent the concurrent assertion or
employment of any other appropriate right or remedy. 
  

	 Section
	 5.11 Delay or Omission Not Waiver. 

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

	 Section
	 5.12 Control by Holders of Securities. 

 The Holders of 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 

  

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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 or with the Securities of such
series, 
 (2) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such
direction, and 
 (3) such direction is not unduly prejudicial to the rights of the other Holders of Securities of such
series not joining in such action. 
  

	 Section
	 5.13 Waiver of Past Defaults. 

 The Holders of not less than a majority in principal amount of the Outstanding Securities of any series on behalf of the Holders of all the Securities of such series may waive any past default hereunder with respect
to such series and its consequences, except a default 
 (1) in the payment of the principal of, any premium or interest on,
or any Additional Amounts with respect to, any Security of such series, or 
 (2) in respect of a covenant or provision
hereof which under Article 9 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 impair any right consequent thereon. 
  

	 Section
	 5.14 Waiver of Usury, Stay or Extension Laws. 

 The Company covenants that (to the extent that it may lawfully do so) it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any
usury, 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 expressly waives (to the extent that it may lawfully do so) 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
	 5.15 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 any undertaking to pay the costs of such suit, and that such court may in its
discretion assess 

  

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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 5.15 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 Outstanding Securities of any series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of (or premium, if any) or interest, if any, on or Additional Amounts, if any, 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, and, in the case of repayment, on or after the date for repayment). 
 ARTICLE 6 
 THE TRUSTEE 
  

	 Section
	 6.1 Certain Rights of Trustee. 

 Subject to Sections 315(a) through 315(d) of the Trust Indenture Act: 
 (1) 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 reasonably believed by it to be genuine and to have been signed or presented by the proper party or parties; 
 (2)
any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or a Company Order (in each case, other than delivery of any Security to the Trustee for authentication and delivery pursuant to
Section 3.3 which shall be sufficiently evidenced as provided therein) and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 
 (3) 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 shall be herein specifically prescribed) may, in the absence of bad faith on its part may require an Officers’ Certificate or an Opinion of Counsel; 
 (4) the Trustee may consult with counsel and the written advice of such counsel or any Opinion of Counsel shall be full and complete
authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 
 (5) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by or pursuant to this Indenture at the request or direction of any of the Holders of Securities of any series pursuant
to this Indenture, unless such Holders shall have offered to the Trustee such security or indemnity as is reasonably satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or
direction; 
 (6) the Trustee shall not be bound to make any investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, coupon or other paper or document, but the Trustee, 

  

 - 40 - 

 
in its discretion, may but shall not be obligated to 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, during business hours and upon reasonable notice, the books, records and premises of the Company, personally or by agent or attorney; 

(7) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through
agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 
 (8) the Trustee shall not be liable for any action taken or error of judgment made in good faith by a Responsible Officer or Responsible Officers of the Trustee, unless it shall be proved that
the Trustee was grossly negligent, acted in bad faith or engaged in willful misconduct; 
 (9) the Authenticating Agent,
Paying Agent, and Security Registrar shall have the same protections as the Trustee set forth hereunder; and 
 (10) the
Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it in good faith in accordance with an Act of the Holders hereunder, and, to the extent not so provided herein, with respect to any act requiring the
Trustee to exercise its own discretion, relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture or any Securities,
unless it shall be proved that, in connection with any such action taken, suffered or omitted or any such act, the Trustee was grossly negligent, acted in bad faith or engaged in willful misconduct. 
  

	 Section
	 6.2 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 by mail to all Holders of Securities of such series entitled to receive reports
pursuant to Section 7.3(3), 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, if any), or interest, if any, on, or Additional Amounts or any sinking fund or purchase fund installment with respect to, any Security of such series, the Trustee shall be protected in withholding such notice if and so
long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the best interest of the Holders of Securities of
such series; and provided, further, that in the case of any default of the character specified in Section 5.1(4) with respect to Securities of such series, no such notice to Holders shall be given until at least 30 days after the occurrence of
such default. For the purpose of this Section, the term “default” means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to Securities of such series. 
  

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	 Section
	 6.3 Not Responsible for Recitals or Issuance of Securities. 

 The recitals contained herein and in the Securities, except the Trustee’s certificate of authentication, 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, except that the Trustee represents that it is duly authorized to
execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder and that the statements made by it in a Statement of Eligibility on Form T-1, if necessary, supplied to the Company are true and accurate, subject
to the qualifications set forth therein. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of the Securities or the proceeds thereof. 
  

	 Section
	 6.4 May Hold Securities. 

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

	 Section
	 6.5 Money Held in Trust. 

 Except as provided in Section 4.3 and Section 10.3, money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law and shall be held uninvested. The
Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed to in writing with the Company. 
  

	 Section
	 6.6 Compensation and Reimbursement. 

 The Company agrees: 
 (1) to pay to the Trustee from time to time reasonable compensation
for all services rendered by the Trustee 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) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements
and advances incurred or made by the Trustee in accordance with any provision of this Indenture or arising out of or in connection with the acceptance or administration of the trust or trusts hereunder (including the reasonable compensation and the
expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to the Trustee’s gross negligence or bad faith; and 
 (3) to indemnify the Trustee and its agents, officers, directors and employees for, and to hold them harmless against, any loss,
liability or expense incurred without negligence or bad 

  

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faith on their part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses
of defending themselves against any claim or liability in connection with the exercise or performance of any of their powers or duties hereunder, except to the extent that any such loss, liability or expense was due to the Trustee’s 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 of any series upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of, and premium or interest on or any Additional Amounts with
respect to Securities. 
 To the extent permitted by law, any compensation or expense incurred by the Trustee after a default
specified in or pursuant to Section 5.1 is intended to constitute an expense of administration under any then applicable bankruptcy or insolvency law. “Trustee” for purposes of this Section 6.6 shall include any predecessor
Trustee but the negligence or bad faith of any Trustee shall not affect the rights of any other Trustee under this Section 6.6. 
 The provisions of this Section 6.6 shall survive the satisfaction and discharge of this Indenture or the earlier resignation or removal of the Trustee and shall apply with equal force and effect to the Trustee in
its capacity as Authenticating Agent, Paying Agent or Security Registrar. 
  

	 Section
	 6.7 Corporate Trustee Required; Eligibility. 

 There shall at all times be a Trustee hereunder that is a Corporation organized and doing business under the laws of the United States of America, any state thereof or the District of Columbia,
that is eligible under Section 310(a)(1) of the Trust Indenture Act to act as trustee under an indenture qualified under the Trust Indenture Act and that has a combined capital and surplus (computed in accordance with Section 310(a)(2) of
the Trust Indenture Act) of at least $50,000,000, and that is subject to supervision or examination by Federal or state authority. 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
	 6.8 Resignation and Removal; Appointment of Successor. 

 (1) 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
pursuant to Section 6.9. 
 (2) 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 the instrument of acceptance by a successor Trustee required by Section 6.9 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 with respect to such series. 
  

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 (3) 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 the Company. 
 (4) If at any time: 
 (a) the Trustee shall fail to comply with the
obligations imposed upon it under Section 310(b) of the Trust Indenture Act with respect to Securities of any series after written request therefor by the Company or any Holder of a Security of such series who has been a bona fide Holder of a
Security of such series for at least six months, or 
 (b) the Trustee shall cease to be eligible under
Section 6.7 and shall fail to resign after written request therefor by the Company or any such Holder, or 
 (c) 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 with respect to all Securities or the Securities of such series, or (ii) subject to Section 315(e) of the Trust Indenture Act, 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 removal of the Trustee with respect to all Securities of such series and the
appointment of a successor Trustee or Trustees. 
 (5) 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 such 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) and shall comply with the applicable requirements of Section 6.9. If, within one year after such resignation, removal or incapacity, 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 in accordance with the applicable requirements of Section 6.9, 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 required by Section 6.9, 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 the
Securities of such series. 
  

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 (6) 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 by mailing written notice of such event by first-class mail, postage prepaid, to the Holders of Securities, if any,
of such series as their names and addresses appear in the Security Register. 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. 
 (7) In no event shall any retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. 
  

	 Section
	 6.9 Acceptance of Appointment by Successor. 

 (1) Upon the appointment hereunder of any successor Trustee with respect to all Securities, such successor Trustee so appointed shall execute, acknowledge and deliver to the Company and the
retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all
the rights, powers, trusts and duties hereunder of the retiring Trustee; but, on the request of the Company or such successor Trustee, such retiring Trustee, upon payment of its charges, shall execute and deliver an instrument transferring to such
successor Trustee all the rights, powers and trusts of the retiring Trustee and, subject to Section 10.3, 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 6.6. 
 (2) Upon the appointment hereunder of any successor
Trustee with respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee and such successor Trustee shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such
appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, such 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, that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee
and that no Trustee shall be responsible for any notice given to, or received by, or any act or failure to act on the part of any other Trustee hereunder, and, upon the execution and delivery of such supplemental indenture, the resignation or
removal of the retiring Trustee shall become effective to the extent provided therein, such retiring Trustee shall have no further responsibility for the exercise of rights and powers or for the performance of the duties and obligations vested in
the Trustee under this Indenture with respect to the Securities of that or those series to which the appointment of such 

  

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successor Trustee relates other than as hereinafter expressly set forth, and such successor Trustee, without any further act, deed or conveyance, shall
become vested with all the rights, powers, trusts and duties of the retiring Trustee 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 such successor
Trustee, such retiring Trustee, upon payment of its charges with respect to the Securities of that or those series to which the appointment of such successor Trustee relates and subject to Section 10.3 shall duly assign, transfer and deliver to
such successor Trustee, to the extent contemplated by such supplemental indenture, the property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor
Trustee relates, subject to its claim, if any, provided for in Section 6.6. 
 (3) Upon request of any Person appointed
hereunder as a 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 (1) or (2) of
this Section, as the case may be. 
 (4) No Person shall accept its appointment hereunder as a successor Trustee unless at
the time of such acceptance such successor Person shall be qualified and eligible under this Article. 
  

	 Section
	 6.10 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, 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 shall have been authenticated but not delivered by the Trustee then in office, any successor by merger, conversion or consolidation
to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities. 
  

	 Section
	 6.11 Appointment of Authenticating Agent. 

 The Trustee may appoint one or more Authenticating Agents acceptable to the Company with respect to one or more series of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities
of that or those series issued upon original issue, exchange, registration of transfer, partial redemption or partial repayment or pursuant to Section 3.6, 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. 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. 

 

 - 46 - 

 Each Authenticating Agent must be acceptable to the Company and, except as provided in or
pursuant to this Indenture, shall at all times be a corporation that would be permitted by the Trust Indenture Act to act as trustee under an indenture qualified under the Trust Indenture Act, is authorized under applicable law and by its charter to
act as an Authenticating Agent and has a combined capital and surplus (computed in accordance with Section 310(a)(2) of the Trust Indenture Act) of at least $50,000,000. If at any time an Authenticating Agent shall cease to be eligible in
accordance with the provisions of this Section, it 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 all or substantially all of the corporate agency or corporate trust business of an Authenticating Agent, shall be the successor of such Authenticating Agent hereunder, provided
such Corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and the Company. The Trustee may at any
time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and 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 may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall mail written notice of such appointment by first-class
mail, postage prepaid, to all Holders of Securities, if any, of the series with respect to which such Authenticating Agent shall serve, as their names and addresses appear in the Security Register. 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. No successor Authenticating Agent shall be appointed unless
eligible under the provisions of this Section. 
 The Company agrees to pay each Authenticating Agent from time to time
reasonable compensation for its services under this Section. If the Trustee makes such payments, it shall be entitled to be reimbursed for such payments, subject to the provisions of Section 6.6. 
 The provisions of Section 3.8, 6.3 and 6.4 shall be applicable to each Authenticating Agent. 
 If an Authenticating Agent is appointed with respect to one or more series of Securities 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 in substantially the following form: 
 This is one of the Securities of the series designated herein referred to in the within-mentioned Indenture. 
  

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	 LASALLE BANK NATIONAL ASSOCIATION

 as Trustee

		
	 By:
	 	  
		 	 as Authenticating Agent

		
	 By:
	 	  
		 	 Authorized Signatory

 If all of the Securities of any series may not be originally issued at one
time, and if the Trustee does not have an office capable of authenticating Securities upon original issuance located in a Place of Payment where the Company wishes to have Securities of such series authenticated upon original issuance, the Trustee,
if so requested in writing (which writing need not be accompanied by or contained in an Officers’ Certificate by the Company), shall appoint in accordance with this Section an Authenticating Agent having an office in a Place of Payment
designated by the Company with respect to such series of Securities. 
 ARTICLE 7 
 HOLDERS LISTS AND REPORTS BY TRUSTEE AND COMPANY 
  

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

 In accordance with Section 312(a) of the Trust Indenture Act, the Company shall furnish or cause to be furnished to the Trustee 
 (1) semiannually with respect to Securities of each series not later than June 30 and December 31 of the year or upon such
other dates as are set forth in or pursuant to the Board Resolution or indenture supplemental hereto authorizing such series, a list, in each case in such form as the Trustee may reasonably require, of the names and addresses of Holders as of the
applicable date, and 
 (2) at such other times as the Trustee may request in writing, within 30 days after the receipt by
the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished, 
 provided, however, that so long as the Trustee is the Security Registrar no such list shall be required to be furnished. 
  

	 Section
	 7.2 Preservation of Information; Communications to Holders. 

 The Trustee shall comply with the obligations imposed upon it pursuant to Section 312 of the Trust Indenture Act. 
 Every Holder of Securities, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company, the Trustee, any Paying Agent or any Security Registrar shall be
held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Securities in accordance with Section 312(c) of the Trust 

  

 - 48 - 

 
Indenture Act, 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 Section 312(b) of the Trust Indenture Act. 
  

	 Section
	 7.3 Reports by Trustee. 

 (1) Within 60 days after May 15 of each year commencing with the first May 15 following the first issuance of Securities pursuant to Section 3.1, if required by Section 313(a) of the Trust Indenture
Act, the Trustee shall transmit, pursuant to Section 313(c) of the Trust Indenture Act, a brief report dated as of such May 15 with respect to any of the events specified in said Section 313(a) which may have occurred since the later of
the immediately preceding May 15 and the date of this Indenture. 
 (2) The Trustee shall transmit the reports required by
Section 313(a) of the Trust Indenture Act at the times specified therein. 
 (3) Reports pursuant to this Section shall
be transmitted in the manner and to the Persons required by Sections 313(c) and 313(d) of the Trust Indenture Act. 
  

	 Section
	 7.4 Reports by Company; Rule 144A Information. 

 (1) The Company shall deliver to the Trustee, no later than the time such report is required to be filed with the Commission pursuant to the Securities Exchange Act of 1934, as amended,
(including, without limitation, to the extent applicable, any extension permitted by Rule 12b-25 under the Securities Exchange Act of 1934, as amended), a copy of each report the Company is required to file with the Commission pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended: provided, however, that the Company shall not be required to deliver to the Trustee any material for which the Company has sought and received confidential treatment
from the Commission; provided further, each such report will be deemed to be so delivered to the Trustee if the Company files such report with the Commission through the Commission’s EDGAR database no later than the time such report is
required to be filed with the Commission pursuant to the Securities Exchange Act of 1934, as amended (including, without limitation, to the extent applicable, any extension permitted by Rule 12b-25 under the Securities Exchange Act of 1934, as
amended). In the event the Company is at any time no longer subject to the reporting requirements of Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as amended, the Company shall continue to provide to the Trustee and,
upon request, to any Holder, within the time period that the Company would have been required to file such reports with the Commission (including, without limitation, to the extent applicable, any extension permitted by Rule 12b-25 under the
Securities Exchange Act of 1934, as amended), annual and quarterly consolidated financial statements substantially equivalent to financial statements that would have been included in reports filed with the Commission if the Company were subject to
the reporting requirements of Section 13 of Section 15(d) of the Securities Exchange Act of 1934, as amended, including, with respect to annual information only, a report thereon by the Company’s certified independent public
accountants as such would be required in such reports filed with the Commission and, in each case, together with a management’s discussion and analysis of financial condition and results of operations which 

  

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would be so required. The Company also shall comply with the other provisions of §314(a) of the Trust Indenture Act. Delivery of such reports,
information and documents to the Trustee is for informational purposes only, and the Trustee’s receipt thereof shall not constitute constructive notice of any information contained therein or determinable from information contained therein,
including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 
 (2) In addition, in the event that the offer and sale of the Securities of any series has not been registered under the Securities Act of 1933, as amended, in reliance on Section 4(2)
thereof, the Company agrees that, in order to render such Securities eligible for resale pursuant to Rule 144A, while any of such Securities remain outstanding and “restricted securities” (within the meaning of Rule 144(a) (3) under
the Securities Act of 1933, as amended), the Company will make available, upon request, to any Holder or owner of Securities or prospective purchasers of Securities the information specified in Rule 144A(d)(4) with respect to the Company, unless
such information is furnished to the Commission pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended. 
 ARTICLE 8 
 CONSOLIDATION, MERGER AND SALES 
  

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

 The Company shall not consolidate with or merge into any other Person (whether or not affiliated with the Company), or convey, transfer, lease or otherwise dispose of all or substantially all of
its property or assets to any other Person (whether or not affiliated with the Company), and the Company shall not permit any other Person (whether or not affiliated with the Company) to consolidate with or merge into the Company or convey,
transfer, lease or otherwise dispose of all or substantially all of its property or assets to the Company, unless: 
 (1) in
case the Company shall consolidate with or merge into another Person or convey, transfer, lease or otherwise dispose of all or substantially all of its property or assets to any Person, the Person formed by such consolidation or into which the
Company is merged or the Person which acquires by conveyance, transfer, lease or otherwise, all or substantially all of, the property or assets of the Company shall be a Corporation organized and existing under the laws of the United States of
America, any state thereof or the District of Columbia and shall expressly assume, by an indenture (or indentures, if at such time there is more than one Trustee) supplemental hereto, executed by the successor Person and delivered to the Trustee,
the due and punctual payment of the principal of, any premium and interest on and any Additional Amounts with respect to all the Securities and the performance of every obligation in this Indenture and the Outstanding Securities on the part of the
Company to be performed or observed; 
 (2) immediately after giving effect to such transaction and treating any indebtedness
which becomes an obligation of the Company or a Subsidiary as a result of such transaction as having been incurred by the Company or such Subsidiary at the time of such transaction, no Event of Default or event which, after notice or lapse of time,
or both, would become an Event of Default, shall have occurred and be continuing; and 
  

 - 50 - 

 (3) either the Company or the successor Person shall have delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer, lease or other disposition and, if a supplemental indenture is required in connection with such transaction, such supplemental
indenture comply with this Article and that all conditions precedent herein provided for relating to such transaction have been complied with. 
  

	 Section
	 8.2 Successor Person Substituted for Company. 

 Upon any consolidation by the Company with or merger of the Company into any other Person or any conveyance, transfer, lease or other disposition of all or substantially all of the property or
assets of the Company to any Person in accordance with Section 8.1, the successor Person formed by such consolidation or into which the Company is merged or to which such conveyance, transfer, lease or other disposition is made shall succeed
to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person had been named as the Company herein; and thereafter, except in the case of a lease, the
predecessor Person shall be released from all obligations and covenants under this Indenture and the Securities. 
 ARTICLE 9 
 SUPPLEMENTAL INDENTURES 
  

	 Section
	 9.1 Supplemental Indentures without Consent of Holders. 

 Without the consent of any Holders of Securities, 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, 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 contained herein and in the Securities; or 
 (2) to add to the covenants of the Company for the benefit of the Holders of all or any series of Securities (as shall be specified in such supplemental indenture or indentures) or to surrender any right or power herein conferred upon the
Company; or 
 (3) to change or eliminate any restrictions on the payment of principal of, any premium or interest on or any
Additional Amounts with respect to Securities, provided any such action shall not adversely affect the interests of the Holders of Outstanding Securities of any series in any material respect; or 
 (4) to establish the form or terms of Securities of any series as permitted by Section 2.1 and Section 3.1; or 
 (5) 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 

  

 - 51 - 

 
administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 6.9; or 
 (6) to cure any ambiguity or 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 which shall not adversely affect the interests of the Holders of Securities of any series then Outstanding in any material respect;
or 
 (7) to add to, delete from or revise the conditions, limitations and restrictions on the authorized amount, terms or
purposes of issue, authentication and delivery of Securities, as herein set forth; or 
 (8) to add any additional Events of
Default with respect to all or any series of Securities (as shall be specified in such supplemental indenture); or 
 (9) 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 Article 4, provided that any such action shall not adversely affect
the interests of any Holder of an Outstanding Security of such series or any other Outstanding Security in any material respect; or 
 (10) to secure the Securities; or 
 (11) to amend or supplement any provision contained herein or in any
supplemental indenture, provided that no such amendment or supplement shall materially adversely affect the interests of the Holders of any Securities then Outstanding. 
  

	 Section
	 9.2 Supplemental Indentures with Consent of Holders. 

 With the consent of the Holders of not less than a majority in principal amount of the Outstanding Securities of each series affected by such supplemental indenture, by Act of said Holders
delivered to the Company and the Trustee, the Company (when authorized by or pursuant to a Company’s Board Resolution) and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the Holders of Securities of such series under this Indenture or of the Securities of such series; provided, however, that no
such supplemental indenture, without the consent of the Holder of each Outstanding Security affected thereby, shall 
 (1)
change the Stated Maturity of the principal of, or any premium or installment of interest on or any Additional Amounts with respect to, any Security, or reduce the principal amount thereof or the rate (or modify the calculation of such rate) of
interest thereon or any Additional Amounts with respect thereto, or any premium payable upon the redemption thereof or otherwise, or change the obligation of the Company to pay Additional Amounts pursuant to Section 10.4 (except as contemplated
by Section 8.1(1) and permitted by Section 9.1(1)), or reduce the amount of the principal of an Original Issue Discount Security that would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to
Section 5.2 or the 

  

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amount thereof provable in bankruptcy pursuant to Section 5.4, change the redemption provisions or adversely affect the right of repayment at the option
of any Holder as contemplated by Article 13, or change the Place of Payment, Currency in which the principal of, any premium or interest on, or any Additional Amounts with respect to any Security 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, on or after the Redemption Date or, in the case of repayment at the option of the Holder, on or after the date for repayment), in each case,
as provided herein, or, with respect to any Security that pursuant to Section 3.1, is convertible or exchangeable, adversely affects the right of any Holder to convert or exchange such Security in accordance with the terms thereof, 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 (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture,
or reduce the requirements of Section 15.4 for quorum or voting, or 
 (3) modify any of the provisions of this Section,
Section 15.3 or Section 10.8, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected
thereby. 
 A supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which
shall have been included expressly and solely for the benefit of one or more particular series of Securities, or which 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. 
 It shall not be necessary
for any Act of Holders of Securities under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 
  

	 Section
	 9.3 Execution of Supplemental Indentures. 

 As a condition to executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trust created by this Indenture, the Trustee shall
be provided, and (subject to Section 315 of the Trust Indenture Act) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture and an
Officers’ Certificate stating that all conditions precedent to the execution of such supplemental indenture have been fulfilled. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the
Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
  

 - 53 - 

	 Section
	 9.4 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 a Security theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 
  

	 Section
	 9.5 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
	 9.6 Conformity with Trust Indenture Act. 

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

	 Section
	 9.7 Notice of Supplemental Indenture. 

 Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to Section 9.2, the Company shall transmit to the Holders of Outstanding Securities of any series affected
thereby a notice setting forth the substance of such supplemental indenture. 
 ARTICLE 10 
 COVENANTS 
  

	 Section
	 10.1 Payment of Principal, any Premium, Interest and Additional Amounts. 

 The Company covenants and agrees for the benefit of the Holders of the Securities of each series that it will duly and punctually pay the
principal of, any premium and interest on and any Additional Amounts with respect to the Securities of such series in accordance with the terms thereof, any supplement hereto and this Indenture. 
  

	 Section
	 10.2 Maintenance of Office or Agency. 

 The Company shall maintain in each Place of Payment for any series of Securities an Office or Agency where Securities of such series may be presented or surrendered for payment, where Securities of such series may be
surrendered for registration of transfer or exchange, and where notices and demands to or upon the Company in respect of the Securities of such series relating thereto 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 such Office or Agency. If at any 

  

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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 and the Company appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands. 
 The Company may also from time to time designate one or more other Offices or Agencies where the Securities of one or more series may be
presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an Office or
Agency in each Place of Payment for Securities of any series for such purposes. The Company shall 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 provided in or pursuant to this Indenture, the Company hereby designates as the Place of Payment for each series of Securities the State of Illinois, City of Chicago, and initially appoints the Corporate Trust Office for such
purpose. The Company may subsequently appoint a different Office or Agency in the United States or any other Place of Payment for the Securities of any series. 
  

	 Section
	 10.3 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 Securities, it shall, on or before each due date of the principal of, any premium or interest on or
Additional Amounts with respect to any of the Securities of such 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 3.1 for the Securities of such series) sufficient to pay the principal or any premium, interest or Additional Amounts so becoming due until such
sums shall be paid to such Persons or otherwise disposed of as herein provided, and shall 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, it shall, on or prior to each due date of the principal of, any premium or interest on or any Additional Amounts with respect to
any Securities of such series, deposit with any 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 or any premium,
interest or Additional Amounts so becoming due, such sum to be held in trust for the benefit of the Persons entitled thereto, 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 shall cause each Paying Agent for any series of Securities other than the Trustee to execute and deliver
to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent shall: 
 (1) hold all sums held by it for the payment of the principal of, any premium or interest on or any Additional Amounts with respect to Securities of such series in trust for the 

  

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benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as provided in or pursuant to this Indenture;

 (2) give the Trustee notice of any default by the Company (or any other obligor upon the Securities of such series) in the
making of any payment of principal, any premium or interest on or any Additional Amounts with respect to the Securities of such series; and 
 (3) at any time during the continuance of any such default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. 
 The Company may at any time, for the purpose of 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 terms 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 herein or pursuant hereto, 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, any
premium or interest on or any Additional Amounts with respect to any Security of any series and remaining unclaimed for two years after such principal or any such premium or interest or any such Additional Amounts shall have become due and payable
shall be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof,
and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease. 
 Section 10.4 Additional Amounts. 
 If any Securities of a series provide for the
payment of Additional Amounts, the Company agrees to pay to the Holder of any such Security Additional Amounts as provided in or pursuant to this Indenture or such Securities. Whenever in this Indenture there is mentioned, in any context, the
payment of the principal of or any premium or interest on, or in respect of, any Security of any series 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 hereby or pursuant hereto 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 provision hereof shall not be construed as excluding the payment of Additional Amounts in those provisions hereof where such express mention is not made. 
 Except as otherwise provided in or pursuant to this Indenture or the Securities of the applicable series, 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 such series of Securities (or if the Securities of such series shall not bear interest prior to Maturity, the first day on which
a 

  

 - 56 - 

 
payment of principal is made), and at least 10 days prior to each date of payment of principal or interest if there has been any change with respect to the
matters set forth in the below-mentioned Officers’ Certificate, the Company shall furnish to the Trustee and the principal Paying Agent or Paying Agents, if other than the Trustee, an Officers’ Certificate instructing the Trustee and such
Paying Agent or Paying Agents whether such payment of principal of and premium, if any, or interest on the Securities of such series shall be made to Holders of Securities of such series who are U.S. Aliens without withholding for or on account of
any tax, assessment or other governmental charge described in the Securities of such 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, and the Company agrees to pay to the Trustee or such Paying Agent the Additional Amounts required by the terms of such Securities. The Company covenants to indemnify the Trustee and any Paying Agent for, and
to hold them harmless against, any loss, liability or expense reasonably incurred without negligence or bad faith on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers’
Certificate furnished pursuant to this Section. 
 Section 10.5 Legal Existence. 
 Subject to Article 8, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect its
legal existence and that of each Subsidiary and their respective rights (charter and statutory) and franchises; provided, however, that the foregoing shall not obligate the Company or any Subsidiary to preserve any such right or franchise if the
Company shall determine that the preservation thereof is no longer desirable in the conduct of its business or the business of the Company or such Subsidiary and that the loss thereof is not disadvantageous in any material respect to any Holder.

 Section 10.6 Waiver of Certain Covenants. 
 The Company may omit in any particular instance to comply with any term, provision or condition set forth in Section 10.5 with respect to the Securities of any series if before the time for
such compliance the Holders of at least a majority in principal amount of the Outstanding Securities of such series, by Act of such Holders, either shall waive such compliance in such instance or generally shall have waived compliance with such
term, provision or condition, but no such waiver shall extend to or affect such term, provision 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. 
 Section 10.7 Company Statement
as to Compliance; Notice of Certain Defaults. 
 (1) The Company shall deliver to the Trustee, within 90 days after the
end of each fiscal year, a written statement (which need not be contained in or accompanied by an Officers’ Certificate) signed by the principal executive officer, the principal financial officer or the principal accounting officer of the
Company, stating that 
 (a) a review of the activities of the Company during such year and of its performance
under this Indenture has been made under his or her supervision, and 
  

 - 57 - 

 (b) to the best of his or her knowledge, based on such review,
(a) the Company has complied with all the conditions and covenants imposed on it under this Indenture throughout such year, or, if there has been a default in the fulfillment of any such condition or covenant, specifying each such default known
to him or her and the nature and status thereof, and (b) no event has occurred and is continuing which is, or after notice or lapse of time or both would become, an Event of Default, or, if such an event has occurred and is continuing,
specifying each such event known to him and the nature and status thereof. 
 (2) The Company shall deliver to the Trustee,
within five days after the occurrence thereof, written notice of any Event of Default or any event which after notice or lapse of time or both would become an Event of Default. 
 (3) The Trustee shall have no duty to monitor the Company’s compliance with the covenants contained in this Article 10 other than as specifically set forth in this Section 10.8.

 ARTICLE 11 
 REDEMPTION OF
SECURITIES 
 Section 11.1 Applicability of Article. 
 Redemption of Securities of any series at the option of the Company as permitted or required by the terms of such Securities shall be made in accordance with the terms of such Securities and
(except as otherwise provided herein or pursuant hereto) this Article. 
 Section 11.2 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 (a) less than all of the Securities of any series or (b) all of the Securities of any series, the Company shall, at least 60 days prior to the Redemption Date fixed by the Company (unless a
shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the principal amount of Securities of such series to be redeemed. 
 Section 11.3 Selection by Trustee of Securities to be Redeemed. 
 If less than all of
the Securities of any series 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 not previously called for
redemption, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions of the principal amount of Securities of such series; provided, however, that no such partial redemption
shall reduce the portion of the principal amount of a Security of such series not redeemed to less than the minimum denomination for a Security of such series established herein or pursuant hereto. 
  

 - 58 - 

 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 Securities redeemed or to be
redeemed only in part, to the portion of the principal of such Securities which has been or is to be redeemed. 
 Section 11.4 Notice of
Redemption. 
 Notice of redemption shall be given in the manner provided in Section 1.6, not less than 30 nor more
than 60 days prior to the Redemption Date, to the Holders of Securities to be redeemed. Failure to give notice by mailing in the manner herein provided to the Holder of any Securities 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 Securities or portion thereof. 
 Any notice that is mailed to the Holder of any Securities in the manner herein provided shall be conclusively presumed to have been duly given, whether or not such Holder receives the notice. 
 All notices of redemption shall state: 
 (1) the Redemption Date, 
 (2) the Redemption Price, 
 (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, the notice which relates to such Security shall state that on and after the Redemption Date, upon surrender of such Security, the Holder of such Security will receive, without 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 shall become due and payable upon each such Security or 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 where such Securities, maturing after the Redemption Date, are to be surrendered for payment of the Redemption
Price and any accrued interest and Additional Amounts pertaining thereto, 
 (7) that the redemption is for a sinking fund,
if such is the case, 
  

 - 59 - 

 (8) the CUSIP number or the Euroclear or Clearstream reference numbers of such
Securities, if any (or any other numbers used by a Depository to identify such Securities), and 
 (9) if the Securities are
convertible or exchangeable, the terms on which and the manner in which such securities may, if applicable, be converted or exchanged prior to redemption. 
 A notice of redemption published as contemplated by Section 1.6 need not identify particular Securities to be redeemed. 
 Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of
the Company. 
 Section 11.5 Deposit of Redemption Price. 
 On or prior to any Redemption Date, the Company shall deposit, with respect to the Securities of any series called for redemption pursuant to Section 11.4, with the Trustee or with a Paying
Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 10.3) an amount of money in the applicable Currency sufficient to pay the Redemption Price of, and (except if the Redemption Date
shall be an Interest Payment Date, unless otherwise specified pursuant to Section 3.1 or in the Securities of such series) any accrued interest on and Additional Amounts with respect thereto, all such Securities or portions thereof which are to
be redeemed on that date. 
 Section 11.6 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, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such
Security for redemption in accordance with said notice, maturing after the Redemption Date, such Security shall be paid by the Company at the Redemption Price, together with any accrued interest and Additional Amounts to the Redemption Date;
provided, however, that, except as otherwise specified in or pursuant to this Indenture or the Securities of such series, installments of interest on 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 Regular Record Dates therefor according to their terms and the provisions of Section 3.7. 
 If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium, until
paid, shall bear interest from the Redemption Date at the rate prescribed therefor in the Security. 
  

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 Section 11.7 Securities Redeemed in Part. 
 Any Security which is to be redeemed only in part shall be surrendered at any Office or Agency for such Security (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, containing identical terms and provisions, 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. If a Security in global form is so surrendered, the Company shall execute, and the Trustee shall authenticate and
deliver to the Depository for such Security in global form as shall be specified in the Company Order with respect thereto to the Trustee, without service charge, a new Security in global form in a denomination equal to and in exchange for the
unredeemed portion of the principal of the Security in global form so surrendered. 
 ARTICLE 12 
 SINKING FUNDS 
 Section 12.1
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 permitted or required in or pursuant to this Indenture or any Security of such series issued pursuant to this Indenture. 
 The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment,” and any payment in
excess of such minimum amount provided for by the terms of Securities of such series is herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of any series, the cash amount of any sinking fund
payment may be subject to reduction as provided in Section 12.2. 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 and this Indenture. 

Section 12.2 Satisfaction of Sinking Fund Payments with Securities. 
 The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any series to be made pursuant to the terms of such Securities (1) deliver
Outstanding Securities of such series (other than any of such Securities previously called for redemption or any of such Securities in respect of which cash shall have been released to the Company) and (2) apply as a credit Securities of such
series which have been redeemed either at the election of the Company pursuant to the terms of such series of Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, provided that
such series of Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified 

  

 - 61 - 

 
in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. If, as a
result of the delivery or credit of Securities of any series in lieu of cash payments pursuant to this Section 12.2, the principal amount of Securities of such series to be redeemed in order to satisfy the remaining sinking fund payment shall
be less than $100,000, the Trustee need not call Securities of such series for redemption, except upon Company Request, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment,
provided, however, that the Trustee or such Paying Agent shall at the request of the Company from time to time pay over and deliver to the Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by the Company to the
Trustee of Securities of that series purchased by the Company having an unpaid principal amount equal to the cash payment requested to be released to the Company. 
 Section 12.3 Redemption of Securities for Sinking Fund. 
 Not less than 75 days prior
to each sinking fund payment date for any series of Securities, the Company shall 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 and the portion thereof, if any, which is to be satisfied by delivering and crediting of Securities of that series pursuant to Section 12.2, and the optional
amount, 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 credited and not theretofore delivered. 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 60 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 11.3 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 11.4. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Section 11.6 and Section 11.7. 
 ARTICLE 13 
 REPAYMENT AT THE OPTION OF HOLDERS 
 Section 13.1 Applicability of Article. 
 Securities of any series which are repayable at the option of the Holders thereof before their Stated Maturity shall be repaid in accordance with the terms of the Securities of such series. The repayment of any
principal amount of Securities pursuant to such option of the Holder to require repayment of Securities before their Stated Maturity, for purposes of Section 3.9, shall not operate as a payment, redemption or satisfaction of the Debt
represented by such Securities unless and until the Company, at its option, shall deliver or surrender the same to the Trustee with a directive that such Securities be cancelled. 
  

 - 62 - 

 ARTICLE 14 
 SECURITIES IN FOREIGN CURRENCIES 
 Section 14.1 Applicability of Article. 
 Whenever this Indenture provides for (i) any action by, or the determination of any of the rights of, Holders of Securities of any
series in which not all of such Securities are denominated in the same Currency, or (ii) any distribution to Holders of Securities, in the absence of any provision to the contrary in the form of Security of any particular series or pursuant to
this Indenture or the Securities, any amount in respect of any Security denominated in a Currency other than Dollars shall be treated for any such action or distribution as that amount of Dollars that could be obtained for such amount on such
reasonable basis of exchange and as of the record date with respect to Securities of such series (if any) for such action, determination of rights or distribution (or, if there shall be no applicable record date, such other date reasonably proximate
to the date of such action, determination of rights or distribution) as the Company may specify in a written notice to the Trustee. 
 ARTICLE
15 
 MEETINGS OF HOLDERS OF SECURITIES 
 Section 15.1 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 Act provided by this Indenture to be made, given
or taken by Holders of Securities of such series. 
 Section 15.2 Call, Notice and Place of Meetings. 
 (1) The Trustee may at any time call a meeting of Holders of Securities of any series for any purpose specified in Section 15.1, to
be held at such time and at such place in the United States 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 1.6, not less than 21 nor more than 180 days prior to the date fixed for the meeting. 
 (2) In case at any time the Company (by or pursuant to a Board Resolution), or the Holders of at least 10% in principal amount of the Outstanding Securities of any series shall have requested the
Trustee to call a meeting of the Holders of Securities of such series for any purpose specified in Section 15.1, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not
have mailed notice of or made the first publication of the notice of such meeting within 21 days after receipt of such request (whichever shall be required pursuant to Section 1.6) 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 United States, and may call such meeting for such purposes by giving
notice thereof as provided in clause (1) of this Section. 
  

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 Section 15.3 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 15.4 Quorum; Action. 
 The Persons entitled to vote a majority in principal amount of the Outstanding Securities of a series shall constitute a quorum for any meeting of Holders of Securities of such series. 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 reconvened meeting, such reconvened 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 reconvened meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Section 15.2(1), except that such notice need be given only once
not less than five days prior to the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall 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 9.2, any
resolution presented to a meeting or adjourned meeting duly reconvened at which a quorum is present as aforesaid may be adopted only by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Securities of that
series; provided, however, that, except as limited by the proviso to Section 9.2, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other Act which this Indenture expressly provides may be
made, given or taken by the Holders of a specified percentage, which is less than a majority, in principal amount of the Outstanding 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 such 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, whether or not
such Holders were present or represented at the meeting. 
  

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 Section 15.5 Determination of Voting Rights; Conduct and Adjournment of Meetings. 
 (1) Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for
any meeting of Holders of Securities of such 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 1.4. 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 1.4 or other
proof. 
 (2) 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 15.2(2), in which case the Company or the Holders of Securities of the series calling the meeting, as the case may be, shall in like manner appoint a
temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting.

 (3) 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 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. 
 (4) Any meeting of Holders of Securities of any series duly called pursuant to Section 15.2 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 15.6
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 triplicate of all votes cast at the meeting. A record, at least in triplicate, 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 facts setting forth a copy of the notice of the
meeting and showing that said notice was given as provided in Section 15.2 and, if applicable, Section 15.4. 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. 
  

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

					
	 KENDLE INTERNATIONAL INC.
as Issuer

		
	 By:
	 	 /s/ Karl Brenkert III

		 	 Name:
	 	 Karl Brenkert III

		 	 Title:
	 	 Senior Vice President-Chief Financial Officer

  

					
	 LASALLE BANK NATIONAL ASSOCIATION,
as Trustee

		
	 By:
	 	 /s/ Margaret M. Muir

		 	 Name:
	 	 Margaret M. Muir

		 	 Title:
	 	 First Vice President

  

 - 66 -Exhibit 10.1 - Manufacturing Agreement

    Exhibit
      10.1

     

    MANUFACTURING
      AGREEMENT

     

    This
      MANUFACTURING AGREEMENT ("Agreement''') is entered into as of this 16th day
      of October, 2006 by and between Sumeeko
      Industries Co., Ltd.,
      a
      Taiwanese corporation with a place of business at 20, Huaxi Road, Ta-Fa
      Industrial District, Kaohsiung County 831, Taiwan, ROC ("Manufacturer"),
Encompass
      Holdings, Inc.,
      a
      Nevada corporation with a place of business at 1005 Terminal Way. Suite 110.
      Reno. Nevada, USA ("Encompass"), and Aqua
      Xtremes, Inc.,
      and
      its subsidiary, Xtreme
      Engines, Inc.,
      each of which is a corporation organized in the State ofNevada, USA,
      with
      a place of business at 1005 Terminal Way, Suite 110, Reno, Nevada. USA
("Purchaser").
      

     

    RECITALS

     

    
      	
            	A.	
              Purchaser
                is engaged in the business of designing, developing, marketing and
                selling
                proprietary private watercraft ("PWC") such as the Xboardt'".
                as
                well as other proprietary products utilizing a rotary engine (the
                "Products"). 

            

    

     

    
      	
            	B.	
              Purchaser
                desires to outsource production of the Products to a manufacturer
                that can
                produce the Products at a quality, price and on delivery terms acceptable
                to Purchaser. 

            

    

     

    
      	
            	C.	
              Manufacturer
                is a manufacturer of PWC and is capable ofproducing Products for
                Purchaser
                at a quality, price and on delivery terms acceptable to Purchaser.
                

            

    

     

    
      	
            	D.	
              Purchaser
                and Manufacturer desire to enter into this Agreement for the purpose
                offormalizing the terms and conditions under which Purchaser agrees
                to
                purchase Products from Manufacturer and Manufacturer agrees to produce
                them for Purchaser. 

            

    

     

    AGREEMENT

     

    NOW.
      THEREFORE, in consideration of the mutual tenns and conditions contained
      in this
      Agreement, the parties hereto agree as follows:

     

    
      	1.	
              DEFINITIONS
                

            

    

     

    
      	
            	1.1	
              "Affiliate
                or Affiliates" shall mean any corporation. film, partnership, or
                other
                entity, whether de jure or de factor, that directly or indirectly
                owns. is
                owned by. or is under common ownership with a party to this Agreement
                to
                the extent of at least 50 percent of the equity having the power
                to vote
                on or direct the affairs of the entity and any person, firm, partnership,
                corporation, or other entity actually controlled by. controlling,
                or under
                common control with a party to this Agreement.

            

    

     

    
      	
            	1.2	
              "Business
                Practices" includes information relating to intellectual property.
                business plans. financial information, Products. services. manufacturing
                

            

    

    

    
      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

    

    

    processes
      and methods, costs, sources of supply, advertising and marketing
      plans, customer lists, sales, profits, pricing methods, personnel and
      business relationships. 

     

    
      	
            	1.3	
              "Confidential
                Information" includes, but is not limited to, all information proprietary
                to Purchaser, whether or not reduced to writing or other tangible
                medium
                of expression, and whether or not patented, patentable, capable of
                trade
                secret protection, or protected as unpublished or published work
                under the
                United States COPYIight Act of 1976 as amended. Confidential Information
                also includes information relating to the Intellectual Property and
                Business Practices of Purchaser. Confidential Information also includes
                comparable information that Purchaser may receive or has received
                from
                others Purchaser does business with. Confidential Information does
                not
                include information which (1) was already known to Manufacturer or
                its
                Affiliates prior to the Effective Date, (2) becomes generally available
                to
                the public, other than through a breach ofthis Agreement, or (3)
                is
                furnished to Manufacturer by a third party who is lawfully in
                possession
                of such information and who lawfully conveys this information.
                

            

    

     

    
      	
            	1.4	
              "Effective
                Date" shall mean May 26, 2005. 

            

    

     

    
      	
            	1.5	
              "Forwarder"
                shall mean a freight company designated by Purchaser that shall have
                responsibility for managing all transportation logistics for the
                Products.
                

            

    

     

    
      	
            	1.6	
              "Intellectual
                Property" includes information relating to research and development,
                inventions, discoveries, developments, improvements, methods and
                processes, know-how, drawings, blueprints, specifications, product
                briefs,
                algorithms, computer programs and software, compositions, works,
                concepts,
                designs, ideas, prototypes, models, samples, screens. molds, lists,
                patents, copyrights, trademarks, trade names, trade secrets, formulae,
                writings, notes, and patent, trademark, and copyright applications.
                

            

    

     

    
      	
            	1.7	
              "Molds"
                shall mean all molds, patterns, dies, tools, plates, stamps and all
                related materials used in
                the
                manufacture of the Products or any component thereof.
                

            

    

     

    
      	
            	1.8	
              "Products"
                shall mean the Xboard" PWC as well as other proprietary products
                utilizing
                a rotary engine that Manufacturer is authorized to produce pursuant
                to one
                or more valid written purchase orders or sample request forms from
                Purchaser. 

            

    

     

    
      	
            	1.9	
              "Purchaser
                Assets" shall mean Molds. Trademarks and Confidential Information.
                

            

    

     

    
      	
            	1.10	
              "Trademarks"
                shall mean trademarks, copyrights, trade names, symbols. logos, slogans,
                trade dress, designs. design rights. style names and components thereof.
                now or hereafter owned, licensed or controlled by Purchaser or any
                subsidiaries or affiliates thereof and any other intellectual
                

            

    

    

    
      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

    

    

    property
      rights which are now or hereafter owned, licensed or controlled by
      Purchaser or which Purchaser has the right to use in connection with
the
      manufacture, use and sale of the Products, together with the goodwill
associated
      therewith.

     

    
      	2.	
              ADDITIONAL
                CONSIDERATION TO TOOL UP MANUFACTURING

            

    

     

    
      	
            	2.1	
              As
                an additional inducement (beyond the prices paid for Products manufactured
                pursuant to this Agreement) for Sumeeko to contribute and make necessary
                investments relating to tooling up a new manufacturing plant to
                manufacture the Products for Purchaser, Encompass shall, immediately
                upon
                execution of this Agreement, issue to Sumeeko a stock certificate
                representing one hundred thousand (100,000) shares of its Series
                C
                preferred stock, which shall be convertible to ten million (10,000,000)
                shares of Encompass's common stock. The conversion of the Series
                C
                preferred shares to common shares shall occur no earlier than one
                year
                from the date this Agreement is executed by the parties and is subject
                to
                the terms and conditions applicable to Encompass's Series C preferred
                stock. 

            

    

     

    
      	
            	2.2	
              Encompass
                hereby agrees to amend its Articles of Incorporation to specify that
                one
                member of its Board of Directors may be designated by Sumeeko.
                

            

    

     

    
      	
            	
              2.3

            	
              Sumeeko
                will have full voting privileges except when it relates to issues
                that are
                related to this contract. 

            

    

    

    
      	3.	
              AGREEMENT
                FOR EXCLUSIVE MANUFACTURE AND
                SUPPLY

            

    

     

    
      	
            	3.1	
              For
                the limited purpose of manufacturing Products exclusively for Purchaser
                as
                provided in the Agreement, Purchaser hereby appoints Manufacturer
                as
                Purchaser's exclusive worldwide manufacturer of the
                Products.

            

    

     

    
      	
            	3.2	
              For
                the limited purpose of manufacturing Products exclusively for Purchaser
                as
                provided in this Agreement, Purchaser hereby grants to Manufacturer
                an
                exclusive, worldwide, non-assignable and revocable license to use
                the
                Trademarks in the manufacturer of the Products.

            

    

     

    
      	
            	3.3	
              Subj
                ect to the terms of this Agreement, Manufacturer shall manufacture,
                pack
                and deliver the Products for sale to Purchaser strictly in accordance
                with
                the processes, specifications, technical information, drawings, samples
                and quality standards furnished or approved in writing by Purchaser.
                The
                Products shall be manufactured for and sold only to Purchaser.
                Manufacturer expressly acknowledges that Purchaser may purchase,
                and shall
                have the right to purchase, the Products from persons other than
                Manufacturer, if Manufacturer is unable to maintain a timely supply
                of
                Products, at a reasonable price, 

            

    

     

    
      	
            	3.3.1	
              For
                purposes of this Section 3.3, the word "timely" shall mean a date
                within
                30 days ofthe Estimated Time of Product Delivery under Section 5.4
                

            

    

    

    
      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

    

    

    
      	
            	3.3.2	
              For
                purposes of this Section 3.3, the phrase "reasonable price" shall
                mean a
                price for a Product less than or equal to an amount 100 percent of
                Manufacturer's actual cost of raw materials, labor and administrative
                overhead for the Product plus Manufacturer's average gross profit
                margin
                for all products it manufactures. 

            

    

     

    
      	
            	3.4	
              Manufacturer
                shall only ship the quantity of the Products stipulated in the applicable
                purchase order from Purchaser or such other quantity as may be agreed
                in
                writing by Purchaser and Manufacturer. Each purchase order issued
                by
                Purchaser to Manufacturer shall constitute a separate contract. If
                Manufacturer produces Products at any time in excess of the amounts
                set
                forth in each such purchase order, Manufacturer will notify the Purchaser
                of same. Purchaser may then, at its election, amend said purchase
                order
                and purchase the excess production, or roll into next open purchase
                order.
                If there are no additional open orders a plus or minus 10% quantity
                will
                be accepted. 

            

    

     

    
      	
            	3.5	
              Purchase
                orders typically shall specify an order quantity for a one-year period
                and
                further specify monthly draw down quantities that must be delivered
                against the purchase order ("Monthly Draw Downs"), unless an alternative
                arrangement is made. 

            

    

     

    
      	
            	3.6	
              Manufacturer
                shall not manufacture or supply any Products or goods whatsoever
                using any
                Confidential Information or bearing any of the Trademarks for any
                person
                other than Purchaser. Manufacturer also shall not at any time manufacture
                or sell (or assist others in manufacturing or selling) any Products
                or
                other goods which bear a trademark, trade name, trade dress, logo
                or other
                mark or design which, in the sole opinion of Purchaser, infringes
                or is
                confusingly or deceptively similar to any ofthe Trademarks, or is
                likely
                to be confused with or regarded as similar to the Products or to
                infringe
                any copyright or other intellectual property rights of Purchaser.
                

            

    

     

    
      	
            	3.7	
              The
                Purchaser has the right to inspect the facilities of or review any
                supplier from which any raw material or component used in manufacture
                of
                the Products being purchased. Notwithstanding any such inspection
                or
                review Purchaser or its designees may make of any supplier. Manufacturer
                shall retain sole responsibility for the quality of the Products
                produced
                hereunder. Aqua Xtremes will not circumvent the relationship between
                the
                manufacturer and its' sub-suppliers during the term of this agreement.
                

            

    

     

    
      	4.	
              SAMPLES
                AND INSPECTION 

            

    

     

    
      	
            	4.1	
              During
                the term of this Agreement. Purchaser may request Manufacturer to
                produce
                samples of any new Product to be manufactured and Manufacturer shall
                deliver such samples to Purchaser in accordance with the time schedule
                mutually agreed upon by Purchaser and Manufacturer.
                

            

    

    

    
      	
            	4.2	
              For
                any samples requested by Purchaser, Purchaser shall pay Manufacturer
                the
                actual cost of manufacturing
                such
                samples. 

            

    

    

    
      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

    

    

    
      	
            	4.3	
              Manufacturer
                shall strictly comply with Purchaser's instructions in the manufacture,
                finishing and packing of samples. 

            

    

     

    
      	
            	4.4	
              Purchaser
                and/or its authorized representative shall have the right at any
                time to
                visit any places under the control of Manufacturer (or its permitted
                sub-contractors) in order to inspect the manufacture of sample Products
                or
                sample Product components. 

            

    

     

    
      	
            	4.5	
              Unless
                and until Purchaser has given written approval for shipment of the
                samples
                following final inspection, or in the event that Purchaser has rejected
                such samples after inspection, Manufacturer will not supply any of
                the
                samples to any person whatsoever at any
                time.

            

    

     

    
      	
            	4.6	
              Any
                new products and or prototypes made by the manufacturer will automatically
                be available to them as an additional product under this agreement.
                

            

    

     

    
      	5.	
              ORDER
                PLACEMENT AND CONFIRMATION PROCEDURES

            

    

    

    
      	
            	5.1	
              Manufacturer
                shall not commence manufacture of a Product until Purchaser has authorized
                production pursuant to a purchase order signed by an authorized
                representative of Purchaser. 

            

    

    

    
      	
            	5.2	
              Manufacturer
                acknowledges that neither Purchaser's receipt nor approval of the
                production confirmation samples nor any other provision contained
                in this
                Agreement shall require Purchaser to place any purchaser order for
                the
                Products. 

            

    

    

    
      	
            	5.3	
              Any
                and all orders for Products shall be made by Purchaser issuing its
                own
                purchase order to Manufacturer, which purchase order shall be in
                the form
                attached hereto as Exhibit A. In the event of any conflict between
                the
                terms of the purchase order and this Agreement, the terms of this
                Agreement shall govern. 

            

    

    

    
      	
            	5.4	
              The
                Manufacturer shall confirm to Purchaser the Estimated Time of Product
                Delivery to designated Forwarder ("ETD") for each Monthly Draw Down
                within
                ten business days of receipt of the purchase order. All terms, other
                than
                the acceptance itself of such purchase order or amendment thereto,
                contained in Manufacturer's order confirmation form, or other document
                used by Manufacturer to communicate its acceptance, shall be subject
                to
                Purchaser's acceptance. Any purchase order or amendment thereto shall
                be
                governed by the terms of this Agreement and such purchase order or
                amendment thereto. 

            

    

    

    
      	
            	5.5	
              Purchaser
                reserves the tight to cancel or change orders up to the date that
                is One
                Hundred Twenty (120) days prior to the confilmed ETD for a Monthly
                Draw
                Down. If Purchaser cancels or changes an order. Purchaser's liability
                shall be limited to the following costs incurred by Manufacturer
                as of the
                date the order is canceled or changed, if any:

            

    

    

    
      	
            	(a)	
              The
                cost of raw materials. 

            

    

     

    
      	
            	(b)	
              The
                cost of work in progress.

            

    

     

     

    
      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

    

    

    

    
      	
            	5.6	
              Changes
                and cancellations of orders are subject to the written approval of
                the
                Manufacturer under the following circumstances:

            

    

    

    
      	
            	5.6.1	
              If
                the changes or cancellations change the order quantity by more than
                20
                percent and involve Monthly Draw Downs scheduled between 121 and
                210 days
                after the date ofthe purchase order; or

            

    

    

    
      	
            	5.6.2	
              If
                the changes or cancellations change the order quantity by more than
                50%
                and involve Monthly Draw Downs scheduled between 211 days and 360
                days
                after the date of the purchase order.

            

    

    

    
      	6.	
              PRICE,
                PAYMENT AND INVOICES 

            

    

    

    
      	
            	6.1	
              The
                price for any new Product to be produced by Manufacturer shall be
                agreed
                in writing by Purchaser and Manufacturer prior to issuance of any
                applicable purchase order. After such agreement, the price for that
                style
                of the Product shall remain film and unchanged until otherwise agreed
                upon
                by Purchaser and Manufacturer in writing.

            

    

     

    
      	
            	6.2	
              All
                payments will be in United States Dollars unless otherwise agreed
                by
                Purchaser and Manufacturer in writing.

            

    

     

    
      	
            	6.2.1	
              For
                shipments to the United States, unless otherwise specified in a particular
                purchase order or agreed upon in writing by Purchaser and Manufacturer,
                payment for the Products shall be by wire funds transfer or other
                payment
                method agreed to by the parties within fifteen (15) calendar days
                after
                presentation by Manufacturer ofdocumentation specified in this Subsection
                6.2.1
                and Section 6.4. Manufacturer acknowledges and agrees that documentation
                specified by Purchaser may include an inspection certificate issued
                by
                Purchaser or its designee. 

            

    

     

    
      	
            	6.2.2	
              For
                shipment to countries other than the United States, unless otherwise
                specified in a particular purchase order or agreed upon in writing
                by
                Purchaser and Manufacturer, payment for the Products shall be by
                wire
                funds transfer or other payment method agreed to by the parties within
                seven (7) calendar days after presentation by Manufacturer of
                documentation specified in this Subsection 6.2.2 and Section 6.3.
                Manufacturer acknowledges and agrees that documentation specified
                by
                Purchaser may include an inspection certificate issued by Purchaser
                or its
                designee. 

            

    

     

    
      	
            	6.3	
              Within
                10 days of placing a purchase order, Purchaser shall secure its payments
                under Section 6.2 by having a bank issue a standby letter of credit
                in an
                amount equal to
                three
                months of production which will be monitored and adjusted accordingly.
                Payment shall be made to the manufacturer 10 days after receipt of
                all
                facsimile or electronic applicable 

            

    

    

    
      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

    

    

    shipping
      documents by the purchaser. The original shipping document will be mail to
      purchaser after manufacturer received all payment. 

     

    
      	
            	6.4	
              Manufacturer
                shall render to Purchaser invoices and other documentation requested
                by
                and acceptable to Purchaser evidencing title and the price of the
                Product.
                Shipment shall also be accompanied by such other documents as may
                be
                required according to instruction of Purchaser for exporting the
                Products
                from the country of origin and thereafter entering it into the commerce
                of
                the destination country. 

            

    

     

    
      	
            	6.5	
              The
                price for any Product as agreed in Section 6.1 is exclusive of applicable
                duties, tariffs, VAT, excise, sales, use and similar taxes. Purchaser
                shall be liable for and pay all such applicable taxes invoiced by
                Manufacturer. 

            

    

     

    
      	
            	6.6	
              Manufacturer
                shall not pay any commission or other form of payment in respect
                to any
                order for the Products to any person without the prior written consent
                of
                Purchaser. 

            

    

     

    
      	7.	
              SHIPMENT,
                DELIVERY AND TITLE

            

    

     

    
      	
            	7.1	
              The
                Products shall be sold CIF destination port designated by Purchaser,
                unloaded. CIF shall mean Cost, Insurance and Freight, as defined
                in
                INCOTERMS 2000 ("INCOTERMS"). Title shall not pass to Purchaser until
                a
                Forwarder's Cargo Receipt has been issued by Purchaser or Purchaser's
                designee, or in the case of airfreight shipments, an air waybill.
                

            

    

     

    
      	
            	7.2	
              Manufacturer
                shall strictly comply with Purchaser's instructions in the manufacture,
                finishing and packing of Products. 

            

    

     

    
      	
            	7.3	
              All
                purchase orders must be delivered to the Purchaser by the mutually
                agreed
                delivery date, as specified in Purchaser's purchase order or delivery
                will
                be considered late. For purchase orders held at Purchaser's request,
                on
                time delivery will be measured by the date originally set for shipment
                and
                wiII
                be
                invoiced as of that date. 

            

    

     

    
      	
            	7.4	
              Manufacturer
                shall immediately notify Purchaser of any event which might delay
                delivery
                of the Products ordered. Manufacturer acknowledges that time is of
                the
                essence. 

            

    

     

    
      	
            	7.5	
              Late
                deliveries will result in one of the following consequences:
                

            

    

    

    
      	
            	(a)	
              Manufacturer
                shall prepare within seven (7) calendar days of the late delivery
                a
                written correction action plan and shall provide a copy of same to
                Purchaser to review and approve. 

            

    

    

    
      	
            	(b)	
              The
                Manufacturer and Purchaser shall discuss and mutually agree upon
                any
                course of action which may incur additional cost in resolving a late
                delivery 

            

    

    

    
      	8.	
              PRODUCTION
                SCHEDULES AND DOCUMENTATION

            

    

    

    
      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

    

    

    
      	
            	8.1	
              The
                Manufacturer will follow all shipping and documentation instructions
                from
                Purchaser. 

            

    

     

    
      	
            	8.2	
              The
                Manufacturer will submit all required shipping documents, including,
                but
                not limited to, the Ocean Bill of Lading (or Air Waybill), Commercial
                Invoice, Packing List, and Certificate of Origin. within three business
                days after the Products covered by the purchase order have been shipped.
                

            

    

     

    
      	
            	8.3	
              Purchaser
                or its designee will issue a Certificate of Inspection only if all
                documents submitted are correct and in order. unless Purchaser elects
                to
                waive this requirement. 

            

    

     

    
      	
            	8.4	
              The
                Manufacturer is expected to ship each order complete with the exact
                quantity by size as listed on Purchaser's purchase order.
                

            

    

     

    
      	9.	
              INSPECTIONS
                AND DEFECTIVE PRODUCTS 

            

    

     

    
      	
            	9.1	
              Purchaser
                and Manufacturer acknowledge that the first 5,000 units of Product
                production shall be considered prototypes and involve joint cooperation
                and inspection of all components and finished Products.
                

            

    

     

    
      	
            	9.2	
              For
                units 5,00 I -10,000 of Product production, joint inspection shall
                also
                occur. During production of units 5,00 I -10,000, final Product
                specifications will be certified by Purchaser and Manufacturer, and
                the
                final quality assurance documents will be created and agreed to by
                the
                parties. 

            

    

     

    
      	
            	9.3	
              For
                units 10,001 and beyond: 

            

    

     

    
      	
            	9.3.1	
              Manufacturer
                shall provide Purchaser, or its designees, with access to all paJis
                of
                Manufacturer's factory and any other facilities used by Manufacturer
                for
                production, packaging, storage and delivery of the Products to enable
                Purchaser or its designees to inspect and monitor the manufacture
                of the
                Products. 

            

    

     

    
      	
            	9.3.2	
              Each
                production purchase order will be filled only by Products that meet
                the
                proper specifications outlined in the specification sheets given
                to the
                Manufacturer by Purchaser. The quality standards set forth
                shall
                conform to both the Manufacturers and Purchaser's Quality Assurance
                Manual. 

            

    

     

    
      	
            	9.3.3	
              The
                Purchaser will have an inspector or representative on site at the
                Manufacturer facility during the initial production until the proper
                quality systems are in place and functional. Both the Purchaser and
                Manufacturer will sign off when this requirement has been fulfilled.
                Following this Purchaser inspector. or an inspector designated by
                Purchaser, must sign and issue the Purchaser Final Inspection Report
                for
                each purchase order prior to shipment. The signature by Purchaser
                

            

    

     

    

    
      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

    

     

    or
      its
      designee on the Final Inspection Report shall not constitute
      a waiver of any rights under this Agreement or provided
      by law and shall not bind Purchaser should it subsequently
      determine that the Products do not conform to the quality
      standards or other specifications of the Products. 

     

    
      	
            	9.3.4	
              Immediately
                upon discovery of any defects in the Products non-conformance with
                Purchaser's specifications and/or quality standards, Manufacturer
                shall
                notify Purchaser of such defects, non-conformance or quality problems
                in
                writing. The defective Products shall, at the option of Purchaser,
                be
                destroyed in a manner approved in writing by Purchaser.
                

            

    

     

    
      	
            	9.3.5	
              Manufacturer
                shall provide to Purchaser, on a quarterly basis, a written report
                describing the nonconforming Products produced during that quarter.
                

            

    

     

    
      	
            	9.3.6	
              Purchaser
                reserves the right to claim damages from the Manufacturer on all
                customer
                returned nonconforming Products. This means that any parts within
                the
                product that do not conform to the agreed upon bill of material
                specifications and drawings as required will be considered a
                non-conforming component. Purchaser and Manufacturer shall work to
                improve
                the non-conforming component first before any claim charged to each
                other.
                Part with minor defect but no effect function will not be considered
                a
                non-conforming component. 

            

    

     

    
      	10.	
              WARRANTIES
                AND DEFECTIVE PRODUCTS; INDEMNIFICATION; INSURANCE
                

            

    

     

    
      	
            	10.1	
              Manufacturer
                warrants and represents that the Products: (a) are free from defects
                in
                materials and workmanship, and conform strictly to the approved samples,
                any related Confidential Information and all other applicable
                specification; and (b) contain all warnings necessary for the proper
                and
                safe use of the Products, as provided by the Purchaser.
                

            

    

     

    
      	
            	10.2	
              Manufacturer
                agrees to protect, defend, indemnify and hold Purchaser harmless
                from all
                claims, suits, liabilities, damages and expenses (including attorneys'
                fees) arising from, connected with or related in any way to the
                manufacture of the Products or resulting from the breach of any of
                the
                warranties or representations in this Agreement.
                

            

    

     

    
      	
            	10.3	
              Manufacturer
                agrees to protect, defend, indemnify and hold harmless Purchaser
                from all
                claims, suits. liabilities. damages and expenses (including attorneys'
                fees) arising from, connected with or with respect to violation of
                any
                license. law or regulation by Manufacturer within the county of when
                the
                Products are manufactured. 

            

    

     

    
      	
            	10.4	
              Manufacturer
                further agrees (without limiting any of Manufacturer's obligations
                or
                liabilities under this Agreement) to procure and maintain at
                Manufacturer's sale cost and expense at all times. with a reasonable
                

            

    

     

    

    
      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

    

    

    insurance
      carrier acceptable to Purchaser and in a form acceptable to Purchaser.
      a property insurance policy in an amount equal to the full replacement
      cost of the Molds and equipment which are used to produce the
      Products. 

     

    
      	
            	10.5	
              Manufacturer
                further
                agrees
                (without limiting any of Manufacturer's obligations or liabilities
                under
                this Agreement) to procure and maintain liability insurance with
                limits of
                not less than Two Million United States Dollars (USD $2,000,000)
                combined
                single limit bodily injury and property damage which insurance shall
                have
                an endorsement naming Purchaser as an individual insured, and be
                in a form
                and issued by a company reasonably acceptable to the Purchaser.
                

            

    

     

    
      	
            	10.6	
              Manufacturer
                shall be responsible for Purchaser's losses or damages to Purchaser
                Assets, including damages caused directly or indirectly by employees
                of
                Manufacturer and their agents and including damages caused during
                periods
                of strikes or other labor unrest. 

            

    

     

    
      	
            	10.7	
              The
                warranties and representations of this Section 10 will survive the
                termination of this Agreement with respect to all Products produced
                by
                Manufacturer prior to the termination of this Agreement.
                

            

    

     

    
      	11.	
              MOLDS,
                ETC. 

            

    

     

    
      	
            	11.1	
              Manufacturer
                agrees (i) not to sell, transfer possession or otherwise dispose
                of any
                Mold used in manufacturing the Products without the prior written
                consent
                of Purchaser or its representative. (ii) to use such Molds solely
                for the
                manufacture of the Products ordered by Purchaser, and (iii) not to
                reproduce such molds, unless authorized in writing by Purchaser,
                except
                when reproduction is necessary to manufacture the Products to fulfill
                Purchaser's orders, in which case Manufacturer shall notify Purchaser
                in
                writing. 

            

    

     

    
      	
            	11.2	
              Purchaser
                Assets shall at all times remain the exclusive property of Purchaser,
                and
                Purchaser shall at all times retain all lights in and title to Purchaser
                Assets. At no time may Purchaser Assets be used as collateral or
                security
                by Manufacturer and Manufacturer is expressly prohibited from granting
                any
                mortgage, lien, security, or other interest in Purchaser Assets to
                any
                person or entity, nor may Manufacturer transfer all or any interest
                in or
                license or
                sublicense
                any Purchaser Asset. Under no circumstances shall any Purchaser Assets
                be
                used to satisfy any debts or obligations of the Manufacturer. Manufacturer
                shall be fully responsible for the maintenance and security of Purchaser
                Assets and will use its best efforts to assure that Purchaser Assets
                are
                at all times secure and freely available to Purchaser to use as Purchaser
                may detelmine. Purchaser Assets used by Manufacturer under this Agreement
                shall be deemed to be held in trust for Purchaser.
                

            

    

     

    
      	
            	11.3	
              Manufacturer
                agrees
                that Purchaser and its authorized representatives shall be entitled
                to
                enter upon any premises of Manufacturer where any Purchaser Assets,
                samples. or Products or other property of Purchaser are
                

            

    

     

    

    
      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

    

    

    thought
      to be located and may peaceably recover possession of any such items
      located there, if
      the
      Manufacturer is in breach of any of the terms of this
      Section II. Purchaser acknowledges, however, that possession of certain
      unamortized
      Molds
      financed by Manufacturer, may not be recovered
      by Purchaser unless Purchaser first pays Manufacturer the unamortized
      cost of the Molds paid by Manufacturer. 

     

    
      	
            	11.4	
              Manufacturer
                agrees to comply with Purchaser's Product Costing Procedures (attached
                hereto as Exhibit C), as in effect from time to time (subject to
                change by
                mutual agreement) of the parties. 

            

    

     

    
      	12.	
              TRADEMARKS
                

            

    

     

    
      	
            	12.1	
              Manufacturer
                hereby acknowledges (i) the validity of the Trademarks, (ii)
                that
                Purchaser has at all times had, and shall continue to have, the exclusive
                right, title and interest in and to the Trademarks, (iii) that neither
                this Agreement nor performance of any services by Manufacturer hereunder
                shall confer on Manufacturer by right, title or interest in or to
                the
                Trademarks, and (iv) that Manufacturer does not have any permission
                to and
                will not adopt, use, register, or attempt to register as a trademark,
                trade name, business name or corporate name or part thereof, whether
                during the continuance ofthis Agreement or after its termination,
                any
                word, symbol or emblem cont1icting with or identical or similar to
                any of
                the Trademarks. 

            

    

     

    
      	
            	12.2	
              Manufacturer
                agrees that any use of the Trademarks by Manufacturer shall be to
                the
                advantage of Purchaser. Manufacturer shall not do or cause to be
                done any
                act impairing or likely to impair any part of Purchaser's right,
                title and
                interest in and to the Trademarks, or detrimental to the reputation
                and
                goodwill of Purchaser or the Products.

            

    

     

    
      	
            	12.3	
              Manufacturer
                acknowledges that the sale and/or distribution of the Products and/or
                use
                of any of the Trademarks, except as herein agreed, may result in
                immediate
                irremediable damage to Purchaser, and Manufacturer further acknowledges
                that Purchaser may have no adequate remedy for such damage. In the
                event
                of such failure, Purchaser shall be entitled to equitable relief
                by way of
                temporary, preliminary and permanent injunction.
                

            

    

     

    
      	
            	12.4	
              Manufacturer
                agrees to use its best efforts to protect the Trademarks. If any
                of the
                Trademarks is infringed, Purchaser may take such action as Purchaser
                may
                deem appropriate, and upon request Manufacturer shall at Purchaser's
                expense cooperate fully in any such action. Manufacturer further
                agrees to
                notify Purchaser immediately of any instance in which any person
                other
                than Purchaser requests Manufacturer to manufacture products using
                any of
                the Trademarks or any name, trademark logo or design identical to
                or
                confusingly similar to those used by Purchaser, and of any circumstance
                which suggests that any person may be wrongfully using any such name,
                trademark. logo or design. Manufacturer shall not take any action
                with
                respect to any such request or use unless directed in writing to
                do so by
                Purchaser. 

            

    

     

    

    
      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

    

    

    
      	13.	
              INTELLECTUAL
                PROPERTY 

            

    

     

    
      	
            	13.1	
              All
                Intellectual Property conceived, made, created, developed, or reduced
                to
                practice by Manufacturer (whether alone or with others, whether or
                not
                during normal business hours) in the course of or in connection with
                Manufacturer's performance under this Agreement. shall be the property
                of
                Purchaser. All Intellectual Property shall be Confidential Information.
                Manufacturer
                shall promptly and fully disclose to Purchaser all Intellectual property
                during the term of this Agreement and for one year after the completion
                or
                termination of this Agreement. Manufacturer shall maintain throughout
                the
                term of this Agreement up-to-date notebooks or other records of
                Intellectual Property. Such records shall be considered Confidential
                Information and shall be the sole property of Purchaser.
                

            

    

     

    
      	
            	13.2	
              Manufacturer
                agrees to assign and hereby assigns to Purchaser, without additional
                consideration, Manufacturer's full right, title and interest in and
                to all
                Intellectual Property conceived, made, created, developed, or reduced
                to
                practice by Manufacturer (whether alone or with others, whether or
                not
                during normal business hours) in the course of or in connection with
                Manufacturer's performance under this Agreement. Manufacturer agrees
                not
                to file any patent, trademark, or copyright applications relating
                to the
                Intellectual Property, except with prior written consent of Purchaser.
                To
                the extent applicable, all copyrightable works that Manufacturer
                creates
                and that qualify as Intellectual Property shall be considered "works
                made
                for hire" as defined by the copyright laws of the United States.
                To the
                extent such copyrightable works are not deemed "works made for hire"
                Manufacturer agrees to assign and hereby assigns to Purchaser without
                additional consideration, all copyrights in such copyrightable works.
                Manufacturer agrees that, during the term of this Agreement and subsequent
                to the completion or termination of this Agreement, Manufacturer
                will, at
                Purchaser's request and expense, execute all applications for United
                States and foreign patents, trademarks. copyrights, or other rights,
                and
                will otherwise provide assistance (including but not limited to the
                execution and delivery of instruments of further assurance or
                confirmation) to assign Intellectual Property, copyrights and Trademarks
                to Purchaser and to permit Purchaser to enforce any patents, trademarks,
                copyrights, or other rights in and to Intellectual Property, Manufacturer
                warrants to Purchaser that it shall secure such agreements with its
                employees and/or permitted subcontractors as are necessary to can)'
                out
                the provisions of this Section. 

            

    

     

    
      	
            	13.3	
              Notwithstanding
                Sections 13.1
                and
                13.2,
                Purchaser
                agrees to allow Manufacturer to use Intellectual Property and Confidential
                Information conceived, made. created, developed or reduced to practice
                by
                Manufacturer in the course of or in connection with Manufacturer's
                pcrfonnance under this Agreement, so long as the use of such Intellectual
                Property or Confidential Information is pre-approved in writing by
                Purchaser and Purchaser determines that its use by Manufacturer would
                not
                be detrimental to Purchaser. 

            

    

    

    
      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

    

    

    
      	14.	
              CONFIDENTIAL
                INFORMATION AND NON-DISCLOSURE

            

    

     

    
      	
            	14.1	
              Manufacturer
                acknowledges that during the course of its relationship, Purchaser
                may
                disclose or Manufacturer may learn of Purchaser's Confidential
                Information. Manufacturer agrees to take reasonable steps to protect
                Purchaser's Confidential Information. Manufacturer agrees to not:
                (
                1) use, except as required by the normal and proper course of performing
                under this Agreement, (2) disclose, (3) copy, or (4) allow access
                to,
                Purchaser's Confidential Information without the express prior written
                consent of Purchaser. These restrictions will continue to apply as
                long as
                the confidential nature of the information is maintained.
                

            

    

     

    
      	
            	14.2	
              Manufacturer
                shall make its employees, agents, principals, and independent contractors
                aware of the confidentiality obligations of this Agreement and
                Manufacturer shall require its employees, agents, principals, and
                independent contractors to execute confidentiality agreements in
                form and
                substance satisfactory to Purchaser undertaking an obligation of
                confidentiality comparable to that provided in this Agreement.
                

            

    

     

    
      	
            	14.3	
              Manufacturer
                agrees to return to Purchaser promptly upon the termination of this
                Agreement, or at any other time when requested, Purchaser's property,
                including but not limited to all Confidential Information, media
                containing such Confidential Information and copies thereof.
                

            

    

     

    
      	
            	14.4	
              Manufacturer
                (including its principals and employees) represents and warrants
                that
                entering into and performing under this Agreement does not conflict
                with
                any prior obligation to third parties. Manufacturer agrees not to
                disclose
                to or use on behalf of the other, any confidential or proprietary
                information belonging to a third party (including prior employers,
                employees and customers) unless written authorization from the third
                party
                is first obtained in form and substance satisfactory to Purchaser.
                

            

    

     

    
      	15.	
              NONCIRCUMVENTION
                COVENANT 

            

    

     

    Manufacturer
      acknowledges that Purchaser intends to resell the Products they order
      to
      customers of Purchaser. Manufacturer further acknowledges that Purchaser
      would suffer material and irreparable injury if Manufacturer were to
sell
      the
      Products to customers of Purchaser or any affiliate of such customers.
Manufacturer
      therefore agrees not to engage in any sales activities with any customers
      of Purchaser or any affiliate of such customers during the term this
Agreement
      remains in etTect and or for a period of three (3) years thereafter.

    

    
      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

    

    

    
      	16.	
              FORCE
                MAJEURE, ETC. 

            

    

     

    If
      Manufacturer is materially inhibited from performing any of its obligations
      under this Agreement by act of God or governmental action, Manufacturer shall
      immediately notify Purchaser, giving full particulars of the circumstances
      in
      question. Manufacturer shall then be relieved of the liability to Purchaser
      for
      failure to perform such obligations but shall nevertheless use its best efforts
      to resume full performance thereof without avoidable delay. 

     

    
      	17.	
              TERM
                AND TERMINATION 

            

    

     

    
      	
            	17.1	
              This
                Agreement is effective as of the Effective Date and shall continue
                in full
                force and effect until terminated by any party as provided in this
                Agreement. Sections 1,9-13,17-19,21-22,26,28 and 30-31 shall survive
                any
                termination of this Agreement. 

            

    

     

    
      	
            	17.2	
              Purchaser
                or Manufacturer shall have the right to terminate this Agreement
                and any
                purchase order for cause at any time by giving thirty (30)
                days' notice in writing to Manufacturer or Purchaser (or immediately
                as
                provided in Section 16.2 (iii)) if any ofthe following events occur:
                

            

    

    

    
      	
            	(i)	
              if
                Manufacturer or Purchaser commits a significant breach of any of
                the terms
                of this Agreement and fails toremedy the same within Sixty (60) days
                of
                being notified by the other party of the breach;
                

            

    

    

    
      	
            	(ii)	
              If
                Manufacturer shall sell or transfer a significant portion of its
                assets,
                or if any person competing or likely to compete with the Products
                acquires
                direct or indirect control of Manufacturer or Purchaser;
                

            

    

    

    
      	
            	(iii)	
              Immediately
                upon filing or petitioning by Manufacturer or Purchaser or its creditors
                or any other eligible party for Manufacturer's or Purchaser's liquidation,
                bankruptcy, reorganization, compulsory composition, or dissolution,
                or if
                Manufacturer or Purchaser is unable to pay any debts as they become
                due or
                has explicitly or implicitly suspended payment of any debts as they
                become
                due (except debts contested in good faith), or if any assignment
                is made
                for the benefit of Manufacturer's or Purchaser's creditors, or if
                a
                trustee or receiver has been appointed for Manufacturer or Purchaser
                or
                any of its assets. or if the creditors of Manufacturer have taken
                over its
                management, or if any relevant financial institutions have suspended
                Manufacturer's or Purchaser's clearing house privileges. or if any
                material or significant part of Manufacturer's or Purchaser's undertaking,
                property, or assets shall be intervened in, expropriated, or confiscated
                by action of any government. 

            

    

    

    
      	18.	
              CONSEQUENCES
                OF TERMINATION 

            

    

    

    
      	
            	18.1	
              On
                the termination of the Agreement for any reason, Manufacturer shall
                immediately: 

            

    

    

    
      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

    

    

    

    
      	
            	(i)	
              Stop
                manufacturing, distributing, selling or in any way dealing with any
                Products bearing the Trademarks, or any carton, container, packing
                or
                wrapping material, or advertising, promotional, or display material
                pertaining thereto. except as consented to by Purchaser in writing;
                and
                

            

    

    

    
      	
            	(ii)	
              Upon
                receipt of a written request from Purchaser promptly sell to Purchaser,
                at
                the Manufacturer's cost, raw materials, packing materials or components
                and semi-finished Products held by or on behalf of Manufacturer or
                under
                the control of Manufacturer at the date of termination.
                

            

    

    

    
      	
            	18.2	
              Sixty
                (60)
                days
                before the expiration of this Agreement and/or five (5)
                days
                after Manufacturer's receipt of notice of earlier termination,
                Manufacturer shall furnish Purchaser with a statement showing the
                number
                and description of the Products in its possession or under its control.
                Purchaser reserves the right to take a physical inventory of the
                Products
                to verify such inventory and Manufacturer agrees to allow Purchaser's
                authorized representatives on its premises to carry out such inventory.
                This right shall also extend for 90 days beyond the termination of
                this
                Agreement. Such physical inventory may be undertaken during regular
                business hours by Purchaser without advance notice to Manufacturer.
                

            

    

    

    
      	
            	18.3	
              Upon
                termination of this Agreement, all Molds and equipment shipped in
                and used
                in the manufacturing of the Products shall be deemed owned by Purchaser,
                and Purchaser has the right upon giving reasonable notice to take
                possession of such Molds and equipment. Purchaser acknowledges, however,
                that possession of certain unamortized Molds financed by Manufacturer,
                may
                not be recovered by Purchaser unless Purchaser first pays Manufacturer
                the
                unamortized cost of the Molds paid by Manufacturer.
                

            

    

    

    
      	
            	18.4	
              The
                termination of this Agreement shall not affect the respective rights
                and
                liabilities of each of the parties hereto which accrued prior to
                such
                termination. Notwithstanding Section 17.1 above, after the termination
                of
                this Agreement, if Purchaser so elects, the parties shall continue
                to be
                bound by the terms herein until Manufacturer completes any outstanding
                Purchase order(s) which had commenced prior to the notice of Termination,
                

            

    

    

    
      	19.	
              COMPLIANCE
                WITH LOCAL LAWS; CHINA
                FACTORIES

            

    

     

    Manufacturer
      warrants that all manufacturing processes used by Manufacturer during
      the term of this Agreement shall be in full compliance with all applicable
      laws
      and
      regulations then in force at the place of manufacture. Whenever registration
      or recordal of this Agreement with governmental or other authorities
is
      required to preserve the rights of Purchaser, Manufacturer shall give prompt
      notice
      to
      Purchaser of such requirement and shall cooperate with them in effecting
such
      registration or recordal. Manufacturer agrees to submit to applicable
authorities
      a letter of authorization or other form as required by the laws and

    

    
      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

    

    

    regulations
      of China. Purchaser will provide the letters of authorization to all such
      Manufacturers. 

     

    
      	20.	
              CURRENCY
                

            

    

     

    All
      payments required under this Agreement shall be made in United States Dollars
      ("USD"). 

     

    
      	21.	
              NOTICES
                

            

    

     

    All
      notices to be sent to any party shall be in writing and either is (i) e-rnailed
      to the following e-mail addresses; (ii) dispatched by telefax, or (iii) mailed
      by Federal Express prepaid to the parties at the following street addresses:
      

     

    

      
        	
                If
                  to Manufacturer:

                 

                Alex
                  Chen

                Chief
                  Executive Officer

                Sumeeko
                  Industries Co., Ltd.

                20,
                  Huaxi Road

                Ta-Fa
                  Industrial District

                Kaohsiung
                  County 831

                Taiwan,
                  ROC

                Fax:
                  886 7 788 7668

                E-mail:
                  alex@sumeeko.com

              	
                If
                  to Purchaser:

                 

                Arthur
                  Robins

                Chief
                  Executive Officer

                Aqua
                  Xtremes, Inc.

                1005
                  Terminal Way, Suite 110

                Reno,
                  NV 89502

                USA

                Fax:
                  561.431.8274

                e-mail:
                  arobins@aquaxtremes.com

              

      

    

     

    or
      to
      such other address as may have been notified in writing by one party to the
      other in accordance with this Section. Any notice sent bye-mail or telefax
      shall
      be deemed received on the following business day in the location of the
      recipient. Any notice sent by airmail shall be deemed to have been received
      fifteen (15) days after mailing. 

     

    
      	22.	
              ASSIGNMENT
                

            

    

     

    Neither
      party may assign in whole or in part its rights or obligations hereunder to
      the
      other party without the prior written consent of the other party. 

     

    
      	23.	
              NO
                PARTNERSHIP OR AGENCY 

            

    

     

    Nothing
      in this Agreement shall be deemed to constitute a partnership between the
      parties or to make Manufacturer an agent of Purchaser for any purpose.
      Manufacturer shall have no authority to bind Purchaser or to contract in the
      name of or create any liability of Purchaser. 

     

    
      	24.	
              SUB-CONTRACTORS
                

            

    

     

    Manufacturer
      agrees that it shall be responsible for the actions or omissions to act of
      any
      sub-contractor used by it in connection with any of the Products or with
      satisfying any of Manufacturer's responsibilities under this Agreement.

    

    
      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

      

    

    

    
      	25.	
              WAIVER

            

    

     

    The
      failure of any party to enforce any term or provision hereof shall not be
construed
      to be a waiver of such term or provision and shall in no way affect the
right
      of
      such party thereafter to enforce such term or provision or any other term
or
      provision hereof

     

    
      	26.	
              GOVERNING
                LAW, ARBITRATION 

            

    

     

    This
      Agreement shall be governed by and construed and interpreted in accordance
      with
      and under the laws of the State ofNevada, USA. Ifa dispute arises under this
      Agreement or with respect to its interpretation or enforcement, it shall be
      decided finally by three arbitrators in an arbitration proceeding conducted
      in
      accordance with the rules of the American Arbitration Association applicable
      to
      commercial arbitrations. The arbitrators shall be appointed as follows: one
      by
      Purchaser, one by Manufacturer, and the third by said two arbitrators, or if
      they cannot agree, then the third arbitrator shall be appointed by the American
      Arbitration Association. The arbitration shall take place in Reno. Nevada and
      the decision of a majority of the arbitrators shall be conclusively binding
      upon
      the parties and final, and shall be enforceable as a judgment in any court
      of
      competent jurisdiction. Each patty shall pay the expenses of its arbitrator,
      witnesses, and counsel. and the expenses of the third arbitrator shall be shared
      equally, unless otherwise directed in the discretion of the arbitrators. This
      Agreement and/or any judgment or arbitration decision arising therefrom shall
      be
      valid or enforceable in the USA or Manufacturer's home country or in any other
      country where Manufacturer its Affiliates or their assets may be located,
      without further defense or set-off of any kind that might be available under
      local law or otherwise. 

     

    
      	27.	
              FURTHER
                REPRESENTATIONSAND
                WARRANTIES 

            

    

     

    Each
      party represents and warrants to the other that: (a) it has full power and
      authority
      to enter into and to discharge its responsibilities under this Agreement,
(b)
      that
      if it has not affixed its corporate seal hereto, it is not required to do so
      under applicable law in order that this Agreement be fully binding thereon
      and
      (c) the making and performance of this Agreement does not violate any applicable
      provision of law or violate any other agreement to which it is a party.

     

    
      	28.	
              ENTIRE
                AGREEMENT 

            

    

     

    This
      Agreement and the Exhibits attached hereto contain the entire understanding
      of
      the parties and supersede all prior written and oral agreements. understandings
      or commitments made by the parties with respect to the subject matter hereof.
      If
      any provision of this Agreement shall be found void or unenforceable under
      the
      laws of any jurisdiction, such provision shall be re-written such that it will
      be enforceable to the maximum extent possible under such laws. Any such
      invalidity or unenforceability shall not affect the remaining provisions of
      the
      Agreement or the interpretation of this Agreement under the laws of any other
      jurisdiction. 

    

    
      
        
          
          

        

        
          17

          
            

          

        

        
          
          

        

      

    

    

    
      	29.	
              AMENDMENT
                

            

    

     

    This
      Agreement may be amended only in a writing signed by both parties. 

     

    
      	30.	
              HEADINGS/COUNTERPARTS
                

            

    

     

    The
      section headings in this Agreement are solely for the purpose of aiding in
      the
      location of subject matter and shall not be given any weight in its
      construction, This Agreement may be executed in one or more counterparts, all
      of
      which shall be deemed originals. 

     

    Facsimile
      transmission of any signed original document, and retransmission of any signed
      facsimile transmission, will be the same as delivery of an original. At the
      request of any party, the parties will confirm facsimile transmitted signatures
      by signing an original document. 

     

    
      	31.	
              GOVERNING
                LANGUAGE 

            

    

     

    The
      Agreement has been written and executed in English. In the event any translation
      of this Agreement into another language is made, the English language version
      of
      this Agreement shall govern in case of any conflict. 

    

    
      
        
          
          

        

        
          18

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, the parties have executed this MANVFACTVRING AGREEMENT as
      of
      the date first above written. 

     

    

      
        	
                ENCOMPASS
                  HOLDINGS, INC.

                 

                By:
                  /s/ Arthur
                  Robins                       
                  

                Arthur
                  Robins

                Chief
                  Executive Officer

                 

                EXTREME
                  ENGINES, INC.

                 

                By:
                  /s/ Arthur
                  Robins                       
                  

                Arthur
                  Robins

                Chief
                  Executive Officer

              	
                SUMEEKO
                  INDUSTRIES CO., LTD.

                 

                By:
                  /s/ Alex
                  Chen                              
                  

                Alex
                  Chen

                Chief
                  Executive Officer

                 

                AQUA
                  XTREMES, INC.

                 

                By:
                  /s/ Arthur
                  Robins                              

                Arthur
                  Robins

                Chief
                  Executive Officer

              

      

    

    

    
      
        
          
          

        

        
          19

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      A 

    FORM
      OF AQUA XTREMES, INC. PURCHASE ORDER

    

    
      
        
          
          

        

        
          20

          
            

          

        

        
          
          

        

      

    

    

    EXHIBIT
      B 

    PRODUCTION
      STANDARDS

     

    

      Non-Discrimination.
        Purchaser will seek business partners that do not discriminate in hiring
        and
        employment practices on grounds of race, color, national origin, gender,
        religion, or political or other options.

      

      Working
        Hours/Overtime.
        Purchaser will seek business partners who do not require more than 60 hour
        work
        weeks on a regularly scheduled basis, except for appropriately compensated
        overtime in compliance with local laws, and we will favor business partners
        who
        use 48 hour work weeks as their maximum normal requirements.

      

      Forced
        or Compulsory Labor.
        Purchaser will not work with business partners that use forced or other
        compulsory labor, including labor that is required by means of political
        coercion or as punishment for holding or for peacefully expressing political
        views, in the manufacture of its Products. Purchaser will not purchase materials
        that were produced by forced prison or other compulsory labor and will terminate
        business relationships with any sources found to utilize such
        labor.

      

      Fair
        Wages.
        Purchaser will seek business partners who share our commitment to the betterment
        of wage and benefit levels that address the basic needs of workers and their
        families so far as possible and appropriate in light of national practices
        and
        conditions. Purchaser will not select business partners that pay less than
        the
        minimum wage required by local law or that pay less than prevailing local
        industry practices (whichever is higher).

      

      Child
        Labor.
        Purchaser will not work with business partners that use child labor. The
        term
        "child" generally refers to a person who is less than 14 years of age, or
        younger than the age for completing compulsory education if that age is higher
        than 14. In countries where the law defines "child" to include individuals
        who
        are older than 14, Purchaser will apply that definition.

      

      Freedom
        of Association.
        Purchaser will seek business partners that share its commitment to the right
        of
        employees to established and join organizations of their own choosing. Purchaser
        will seek to assure that no employee is penalized because of his or her
        non-violent exercise of this right. Purchaser recognizes and respects the
        right
        of all employees to organize and bargain collectively.

      

      Safe
        and Healthy Work Environment.
        Purchaser will seek business partners that strive to assure a safe and healthy
        workplace and that do not expose workers to hazardous
        conditions.
 

    21

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