Document:

Exhibit 4.3

 

DEPOSIT AGREEMENT

 

among

 

ASTORIA FINANCIAL CORPORATION,

 

COMPUTERSHARE SHAREOWNER SERVICES, LLC, as Depositary,

 

and

 

THE HOLDERS FROM TIME TO TIME OF

 

THE DEPOSITARY RECEIPTS DESCRIBED HEREIN

 

Dated as of March 19, 2013

 

     

     

    

 

Table
of Contents

 

	 	 	Page
	 	 	 
	ARTICLE 1	DEFINED TERMS	1
	 	 	 
	Section 1.1	Definitions	1
	 	 	 
	ARTICLE 2	FORM OF RECEIPTS, DEPOSIT OF SERIES C PREFERRED STOCK, EXECUTION AND DELIVERY, TRANSFER, SURRENDER AND REDEMPTION OF RECEIPTS	3
	 	 	 
	Section 2.1	Form and Transfer of Receipts	3
	 	 	 
	Section 2.2	Deposit of Series C Preferred Stock; Execution and Delivery of Receipts in Respect Thereof	5
	 	 	 
	Section 2.3	Registration of Transfer of Receipts	6
	 	 	 
	Section 2.4	Split-ups and Combinations of Receipts; Surrender of Receipts and Withdrawal of Series C Preferred Stock	6
	 	 	 
	Section 2.5	Limitations on Execution and Delivery, Transfer, Surrender and Exchange of Receipts	8
	 	 	 
	Section 2.6	Lost Receipts, etc	8
	 	 	 
	Section 2.7	Cancellation and Destruction of Surrendered Receipts	8
	 	 	 
	Section 2.8	Redemption of Series C Preferred Stock	9
	 	 	 
	Section 2.9	Bank Accounts	10
	 	 	 
	Section 2.10	Receipts Issuable in Global Registered Form	10
	 	 	 
	ARTICLE 3	CERTAIN OBLIGATIONS OF HOLDERS OF RECEIPTS AND THE CORPORATION	11
	 	 	 
	Section 3.1	Filing Proofs, Certificates and Other Information	11
	 	 	 
	Section 3.2	Payment of Taxes or Other Governmental Charges	12
	 	 	 
	Section 3.3	Warranty as to Series C Preferred Stock	12
	 	 	 
	Section 3.4	Warranty as to Receipts	12
	 	 	 
	ARTICLE 4	THE DEPOSITED SECURITIES; NOTICES	12
	 	 	 
	Section 4.1	Cash Distributions	12
	 	 	 
	Section 4.2	Distributions Other than Cash, Rights, Preferences or Privileges	13
	 	 	 
	Section 4.3	Subscription Rights, Preferences or Privileges	13
	 	 	 
	Section 4.4	Notice of Dividends, etc.; Fixing Record Date for Holders of Receipts	14
	 	 	 
	Section 4.5	Voting Rights	15

 

     -i-

     

    

 

Table
of Contents

(continued)

 

	 	 	Page
	 	 	 
	Section 4.6	Changes Affecting Deposited Securities and Reclassifications, Recapitalizations, etc	15
	 	 	 
	Section 4.7	Delivery of Reports	16
	 	 	 
	Section 4.8	Lists of Receipt Holders	16
	 	 	 
	Section 4.9	Withholding	16
	 	 	 
	ARTICLE 5	THE DEPOSITARY, THE DEPOSITARY’S AGENTS, THE REGISTRAR AND THE CORPORATION	17
	 	 	 
	Section 5.1	Appointment of the Depositary	17
	 	 	 
	Section 5.2	Maintenance of Offices, Agencies and Transfer Books by the Depositary; Registrar	17
	 	 	 
	Section 5.3	Prevention of or Delay in Performance by the Depositary, the Depositary’s Agents, the Registrar or the Corporation	17
	 	 	 
	Section 5.4	Obligations of the Depositary, the Depositary’s Agents, the Registrar, the Transfer Agent and the Corporation	18
	 	 	 
	Section 5.5	Resignation and Removal of the Depositary; Appointment of Successor Depositary	22
	 	 	 
	Section 5.6	Corporate Notices and Reports	23
	 	 	 
	Section 5.7	Indemnification by the Corporation	23
	 	 	 
	Section 5.8	Fees, Charges and Expenses	23
	 	 	 
	ARTICLE 6	AMENDMENT AND TERMINATION	24
	 	 	 
	Section 6.1	Amendment	24
	 	 	 
	Section 6.2	Termination	24
	 	 	 
	ARTICLE 7	MISCELLANEOUS	25
	 	 	 
	Section 7.1	Counterparts	25
	 	 	 
	Section 7.2	Exclusive Benefit of Parties	26
	 	 	 
	Section 7.3	Invalidity of Provisions	26
	 	 	 
	Section 7.4	Notices	26
	 	 	 
	Section 7.5	Depositary’s Agents	27
	 	 	 
	Section 7.6	Appointment of Registrar, Dividend Disbursing Agent and Redemption Agent in Respect of the Series C Preferred Stock	27
	 	 	 
	Section 7.7	Holders of Receipts are Parties	27

 

     -ii-

     

    

 

Table
of Contents

(continued)

 

	 	 	Page
	 	 	 
	Section 7.8	Governing Law	27
	 	 	 
	Section 7.9	Inspection of Deposit Agreement	28
	 	 	 
	Section 7.10	Headings	28
	 	 	 
	Section 7.11	Force Majeure	28
	 	 	 
	Section 7.12	Further Assurances	28
	 	 	 
	Section 7.13	Confidentiality	28
	 	 	 
	Section 7.14	Assignment	28

 

     -iii-

     

    

 

This DEPOSIT AGREEMENT
is entered into as March 19, 2013, among (i) Astoria Financial Corporation, a Delaware corporation, and (ii) Computershare Shareowner
Services, LLC, a New Jersey limited liability company, as Depositary, and (iii) the Holders from time to time of the Receipts described
herein.

 

WHEREAS, the Corporation
desires to provide, as hereinafter set forth in this Deposit Agreement, for the deposit of shares of Series C Preferred Stock of
the Corporation from time to time with the Depositary for the purposes set forth in this Deposit Agreement and for the issuance
hereunder of Depositary Shares representing fractional interests in the Series C Preferred Stock and for the execution and delivery
of Receipts evidencing Depositary Shares; and

 

WHEREAS, the Receipts are
to be substantially in the form of Exhibit A, with appropriate insertions, modifications and omissions, as hereinafter provided
in this Deposit Agreement;

 

NOW, THEREFORE, in consideration of the premises,
the parties hereto agree as follows:

 

ARTICLE
1 DEFINED TERMS

 

Section 1.1           Definitions.

 

The following definitions
shall for all purposes, unless otherwise indicated, apply to the respective terms used in this Deposit Agreement:

 

“Affiliate”
shall mean, with respect to any Person, any Person directly or indirectly controlling, controlled by, or under common control with,
such other Person. For the purpose of this definition, “controlling,” “controlled by” or “under common
control with,” mean the ownership, direct or indirect, of the power to direct or cause the direction of the operation or
management and policies of a Person, whether through the ownership or control of voting interests, by contract or otherwise.

 

“Certificate of
Designations” shall mean the Certificate of Designations filed by the Corporation with the Secretary of State of the
State of Delaware creating the Series C Preferred Stock.

 

“Computershare”
shall mean Computershare Shareowner Services, LLC.

 

“Corporation”
shall mean Astoria Financial Corporation, a Delaware corporation, and its successors.

 

“Deposit Agreement”
shall mean this Deposit Agreement, as amended or supplemented from time to time in accordance with the terms hereof.

 

“Depositary”
shall mean Computershare, and any successor Depositary hereunder.

 

    	 	1	 

     

    

 

“Depositary Shares”
shall mean the depositary shares, each representing 1/40 of one share of the Series C Preferred Stock, evidenced by a Receipt.

 

“Depositary’s
Agent” shall mean an agent appointed by the Depositary pursuant to Section 7.5.

 

“Depositary’s
Office” shall mean the office of the Depositary at which at any particular time its depositary receipt business shall
be administered, which at the date of this Deposit Agreement is located at 480 Washington Blvd., Jersey City, New Jersey 07310.

 

“DTC”
shall mean The Depository Trust Company, together with its successors and assigns.

 

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

 

“Exchange Event”
shall mean with respect to any Global Registered Receipt:

 

(1) (A) the Global Receipt Depository
which is the Holder of such Global Registered Receipt notifies the Corporation that it is no longer willing or able to properly
discharge its responsibilities under any Letter of Representations or that it is no longer eligible or in good standing under the
Exchange Act and (B) the Corporation has not appointed a qualified successor Global Receipt Depository within 90 calendar days
after the Corporation received such notice, or

 

(2) the Corporation in its sole discretion
notifies the Depositary in writing that the Receipts or portion thereof issued or issuable in the form of one or more Global Registered
Receipts shall no longer be represented by such Global Registered Receipt.

 

“Global Receipt
Depository” shall mean, with respect to any Receipt issued hereunder, DTC or such other entity designated as Global Receipt
Depository by the Corporation in or pursuant to this Deposit Agreement, which entity must be, to the extent required by any applicable
law or regulation, a clearing agency registered under the Exchange Act.

 

“Global Registered
Receipt” shall mean a global registered Receipt registered in the name of a nominee of DTC.

 

“Letter of Representations”
shall mean any applicable agreement among the Corporation, the Depositary and a Global Receipt Depository with respect to such
Global Receipt Depository’s rights and obligations with respect to any Global Registered Receipt, as the same may be amended,
supplemented, restated or otherwise modified from time to time and any successor agreement thereto.

 

“Person”
shall mean any natural person, partnership, joint venture, firm, corporation, limited liability company, limited liability partnership,
unincorporated association, trust or other entity, and shall include any successor (by merger or otherwise) of the foregoing.

 

    	 	2	 

     

    

 

“Prospectus”
shall mean the Prospectus dated March 11, 2013, filed with the SEC on March 12, 2013, as supplemented by the Prospectus Supplement
dated March 12, 2013 relating to the Depositary Shares, filed with the SEC on March 14, 2013, pursuant to Rule 424(b) under the
Securities Act.

 

“Receipt”
shall mean one of the depositary receipts issued hereunder, substantially in the form set forth as Exhibit A, whether in definitive
or temporary form, and evidencing a number of Depositary Shares held of record by a Record Holder.

 

“Record Holder”
or “Holder” as applied to a Receipt shall mean the Person in whose name such Receipt is registered on the books
of the Depositary maintained for such purpose.

 

“Redemption Date”
shall have the meaning set forth in Section 2.8.

 

“Redemption Price”
shall have the meaning set forth in the Certificate of Designations.

 

“Registrar”
shall mean the Depositary or such other successor bank or trust company which shall be appointed by the Corporation to register
ownership and transfers of Receipts as herein provided. If a successor Registrar shall be so appointed, all references herein to
“the books” of or maintained by the Depositary shall be deemed, as applicable, to refer as well to the register maintained
by such Registrar for such purpose.

 

“Registration
Statement” shall mean the Corporations’s Registration Statement on Form S-3 (File No. 333-182041) filed with the
SEC on June 11, 2012, as amended by Post-effective Amendment No. 1 dated March 11, 2013, filed with the SEC on March 12, 2013,
pursuant to the Securities Act.

 

“Securities Act”
shall mean the Securities Act of 1933, as amended.

 

“Series C Preferred
Stock” shall mean the shares of the Corporation’s 6.50% Non-Cumulative Perpetual Preferred Stock, Series C, par
value $1.00 per share, with a liquidation preference of $1,000 per share.

 

“SEC”
shall mean the Securities and Exchange Commission.

 

“Transfer Agent”
shall mean the Depositary or such other successor bank or trust company which shall be appointed by the Corporation to transfer
the Receipts or the deposited shares of the Series C Preferred Stock, as the case may be, as herein provided.

 

ARTICLE
2 FORM OF RECEIPTS, DEPOSIT OF SERIES C PREFERRED STOCK, EXECUTION AND DELIVERY, TRANSFER, SURRENDER AND REDEMPTION OF RECEIPTS

 

Section 2.1           Form
and Transfer of Receipts.

 

(a)          Definitive
Receipts shall be substantially in the form set forth in Exhibit A, with appropriate insertions, modifications and omissions,
as hereinafter provided (but which do not

 

    	 	3	 

     

    

 

affect the rights, duties,
obligations or immunities of the Depositary as set forth in this Deposit Agreement) and shall be engraved or otherwise prepared
so as to comply with the applicable rules of the New York Stock Exchange. Pending the preparation of definitive Receipts, the Depositary,
upon the order of the Corporation delivered in compliance with Section 2.2, shall be authorized and instructed to, and shall
execute and deliver temporary Receipts which may be printed, typewritten or otherwise substantially of the tenor of the definitive
Receipts in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations (but
which do not affect the rights, duties, obligations or immunities of the Depositary as set forth in this Deposit Agreement), with
the Corporation’s prior approval, as the Persons executing such Receipts may reasonably determine necessary, as evidenced
by their execution of such Receipts. If temporary Receipts are issued, the Corporation and the Depositary will cause definitive
Receipts to be prepared without unreasonable delay. After the preparation of definitive Receipts, the temporary Receipts shall
be exchangeable for definitive Receipts upon surrender of the temporary Receipts at an office described in Section 2.2(b).
Upon surrender for cancellation of any one or more temporary Receipts, the Depositary is hereby authorized and instructed to, and
shall execute and deliver in exchange therefor definitive Receipts representing the same number of Depositary Shares as represented
by the surrendered temporary Receipt or Receipts registered in the name (and only in the name) of the holder of the temporary receipt;
provided, that, the Depositary has been provided with all necessary information that it may request in order to execute and deliver
such definitive Receipt or Receipts. Such exchange shall be made at the Corporation’s expense and without any charge therefor.
Until so exchanged, the temporary Receipts shall in all respects be entitled to the same benefits under this Deposit Agreement,
and with respect to the Series C Preferred Stock, as definitive Receipts.

 

(b)          Any
Receipt to be executed by the Depositary pursuant to this Deposit Agreement shall be executed by the manual or facsimile signature
of a duly authorized officer of the Depositary. No Receipt shall be entitled to any benefits under this Deposit Agreement or be
valid or obligatory for any purpose unless it shall have been executed manually or by the facsimile signature of a duly authorized
officer of the Depositary or, if a Registrar for the Receipts (other than the Depositary) shall have been appointed, by the manual
or facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual or facsimile signature by
a duly authorized officer of such Registrar. The Depositary shall record on its books each Receipt so signed and delivered as hereinafter
provided.

 

(c)          Receipts
shall be in denominations of any number of whole Depositary Shares. All Receipts shall be dated the date of their issuance.

 

(d)          Receipts
may be endorsed with or have incorporated in the text thereof such legends or recitals or changes not inconsistent with the provisions
of this Deposit Agreement all as may be (i) reasonably required by the Depositary and approved by the Corporation, (ii) required
to comply with any applicable law or any regulation thereunder or with the rules and regulations of any securities exchange upon
which the Series C Preferred Stock, the Depositary Shares or the Receipts may be listed or to conform with any usage with respect
thereto, or (iii) to indicate any special limitations or restrictions to which any particular Receipt is subject (but which do
not affect the rights, duties, obligations or immunities of the Depositary as set forth in this Deposit Agreement).

 

    	 	4	 

     

    

 

(e)          Title
to Depositary Shares evidenced by a Receipt which is properly endorsed or accompanied by a properly executed instrument of transfer,
shall be transferable by delivery of such Receipt with the same effect as if such Receipt were a negotiable instrument; provided,
however, that until transfer of any particular Receipt shall be registered on the books of the Depositary as provided in Section
2.3, the Depositary may, notwithstanding any notice to the contrary, treat the Record Holder thereof at such time as the absolute
owner thereof for the purpose of determining the Person entitled to distributions of dividends or other distributions or to any
notice provided for in this Deposit Agreement and for all other purposes.

 

(f)          The
Corporation shall provide an opinion of counsel on or prior to the date hereof, in form and substance reasonably satisfactory to
the Depositary, covering the following matters:

 

(i)          The
Registration Statement has become effective under the Securities Act. To our knowledge, no stop order suspending the effectiveness
of the Registration Statement or order suspending or preventing the use of the Prospectus has been issued and no proceeding for
that purpose has been instituted or is pending, threatened or contemplated under the Securities Act.

 

(ii)         the
Series C Preferred Stock, upon receipt by the Corporation of the consideration therefor and upon due execution and delivery on
behalf of the Corporation of certificates therefor, including global certificates, or the entry of the issuance thereof in the
books and records of the Corporation, as the case may be, will be validly issued, fully paid and non-assessable; and

 

(iii)        the
Receipts evidencing the Depositary Shares, upon due receipt by the Corporation of the consideration therefor and upon countersignature
thereof and issued against a deposit of duly authorized and validly issued Series C Preferred Stock in accordance with this Deposit
Agreement, will be validly issued and entitle the holders thereof to the rights specified in such Receipts and this Deposit Agreement.

 

Section 2.2           Deposit
of Series C Preferred Stock; Execution and Delivery of Receipts in Respect Thereof.

 

(a)          Subject
to the terms and conditions of this Deposit Agreement, the Corporation may from time to time deposit shares of Series C Preferred
Stock under this Deposit Agreement by delivery to the Depositary of a certificate or certificates for such shares of Series C Preferred
Stock to be deposited, properly endorsed in the name of the Depositary (or its nominee) or accompanied, if required by the Depositary,
by a duly executed instrument of transfer or endorsement, including a guarantee of the signature thereon by a participant in a
Medallion Signature Guarantee Program at the guarantee level acceptable to the Transfer Agent (a “Signature Guarantee”),
and all such certifications as may be reasonably required by the Depositary pursuant to this Deposit Agreement, each in form satisfactory
to the Depositary, together with a an instruction letter from the Corporation authorizing the Depositary to register such shares
of the Series C Preferred Stock in book-entry form and directing the Depositary to execute and deliver to, or upon the written
order of, the Person or Persons stated in such order a

 

    	 	5	 

     

    

 

Receipt or Receipts evidencing
in the aggregate the number of Depositary Shares representing such deposited shares of Series C Preferred Stock.

 

(b)          The
shares of Series C Preferred Stock that are deposited pursuant to this Deposit Agreement shall be held by the Depositary at the
Depositary’s Office or at such other place or places as the Depositary shall determine. The Depositary shall not lend any
shares of Series C Preferred Stock deposited hereunder.

 

(c)          Upon
receipt by the Depositary of a certificate or certificates for shares of Series C Preferred Stock to be deposited in accordance
with the provisions of this Section 2.2, together with the other documents required as specified above, and upon recordation
of the shares of Series C Preferred Stock on the books of the Corporation (or its duly appointed transfer agent) in the name of
the Depositary (or its nominee), the Depositary, subject to the terms and conditions of this Deposit Agreement, shall execute and
deliver to or upon the written order of the Person or Persons named in the order delivered to the Depositary referred to in Section
2.2(a), a Receipt or Receipts evidencing in the aggregate the number of Depositary Shares representing the shares of Series
C Preferred Stock so deposited and registered in such name or names as may be requested by such Person or Persons. The Depositary
shall execute and deliver such Receipt or Receipts at the Depositary’s Office or such other offices, if any, as the Depositary
may designate. Delivery at other offices shall be at the risk and expense of the Person requesting such delivery.

 

Section 2.3           Registration
of Transfer of Receipts.

 

The Corporation hereby
appoints the Depositary as the Registrar and Transfer Agent for the Receipts and the Depositary hereby accepts such appointment,
subject to the express terms and conditions of this Deposit Agreement (and no implied terms or conditions) and, as such, the Depositary
shall register on its books from time to time transfers of Receipts upon any surrender thereof by the Holder in person or by duly
authorized attorney, properly endorsed or accompanied by a properly executed instrument of transfer or endorsement, including a
Signature Guarantee, together with evidence of the payment of any taxes or charges as may be required by law. Thereupon, the Depositary
shall execute a new Receipt or Receipts evidencing the same aggregate number of Depositary Shares as those evidenced by the Receipt
or Receipts surrendered and deliver such new Receipt or Receipts to or upon the order of the Person entitled thereto. With respect
to the appointment of the Depositary as Registrar and Transfer Agent in respect of the Receipts, the Depositary, in its respective
capacities under such appointments, shall be entitled to the same rights, indemnities, immunities and benefits as the Depositary
hereunder as if explicitly named in each such provision. Any references to the Depositary herein shall, to the extent applicable,
also mean the Depositary as the Transfer Agent and Registrar.

 

Section 2.4           Split-ups
and Combinations of Receipts; Surrender of Receipts and Withdrawal of Series C Preferred Stock.

 

(a)          Upon
surrender of a Receipt or Receipts at the Depositary’s Office or at such other offices as it may designate for the purpose
of effecting a split-up or combination of such Receipt or Receipts, and the receipt by the Depositary of all other necessary information
and documents, and subject to the terms and conditions of this Deposit Agreement, the Depositary

 

    	 	6	 

     

    

 

shall execute a new Receipt
or Receipts in the authorized denomination or denominations requested, evidencing the aggregate number of Depositary Shares evidenced
by the Receipt or Receipts surrendered, and shall deliver such new Receipt or Receipts to or upon the order of the Holder of the
Receipt or Receipts so surrendered.

 

(b)          Any
Holder of a Receipt or Receipts may withdraw the number of whole shares of Series C Preferred Stock (and all money and other property,
if any, represented thereby) by surrendering such Receipt or Receipts at the Depositary’s Office or at such other offices
as the Depositary may designate for such withdrawals; provided, however that a Holder of a Receipt or Receipts may not withdraw
such whole shares of Series C Preferred Stock (or money and other property, if any, represented thereby) which has previously been
called for redemption. After such surrender and upon the receipt of written instructions from the Holder of such Receipt or Receipts,
without unreasonable delay (provided that the Corporation has provided the Depositary with all necessary documentation and a sufficient
amount of cash), the Depositary shall deliver to such Holder, or to the Person or Persons designated by such Holder as hereinafter
provided, the number of whole shares of Series C Preferred Stock (and all money and other property, if any), represented by such
Receipt or Receipts so surrendered for withdrawal, but Holders of such whole shares of Series C Preferred Stock will not thereafter
be entitled to deposit such shares of Series C Preferred Stock hereunder or to receive a Receipt evidencing Depositary Shares therefor.
If a Receipt delivered by the Holder to the Depositary in connection with such withdrawal shall evidence a number of Depositary
Shares in excess of the number of Depositary Shares representing the number of whole shares of Series C Preferred Stock to be withdrawn,
the Depositary shall at the same time, in addition to such number of whole shares of Series C Preferred Stock and such money and
other property, if any, to be so withdrawn, deliver to such Holder, or subject to Section 2.3 upon the written order of
such Holder, a new Receipt evidencing such excess number of Depositary Shares. Delivery of such shares of the Series C Preferred
Stock and such money and other property being withdrawn may be made by the delivery of such certificates, documents of title and
other instruments as the Depositary may deem appropriate, which, if required by the Depositary, shall be properly endorsed or accompanied
by proper instruments of transfer.

 

(c)          In
no event will fractional shares of Series C Preferred Stock (or any cash payment in lieu thereof) be delivered by the Depositary.
Delivery of the Series C Preferred Stock and money and other property, if any, being withdrawn may be made by the delivery of such
certificates, documents of title and other instruments as the Depositary may deem appropriate.

 

(d)          If
the Series C Preferred Stock and the money and other property, if any, being withdrawn are to be delivered to a Person or Persons
other than the Record Holder of the related Receipt or Receipts being surrendered for withdrawal of such Series C Preferred Stock,
such Holder shall execute and deliver to the Depositary a written order so directing the Depositary, and the Depositary may require
that the Receipt or Receipts surrendered by such Holder for withdrawal of such shares of Series C Preferred Stock be properly endorsed
in blank or accompanied by a properly executed instrument of transfer in blank.

 

(e)          Delivery
of the Series C Preferred Stock and the money and other property, if any, represented by Receipts surrendered for withdrawal shall
be made by the Depositary at the

 

    	 	7	 

     

    

 

Depositary’s Office,
except that, at the request, risk and expense of the Holder surrendering such Receipt or Receipts and for the account of the Holder
thereof, such delivery may be made at such other place as may be designated by such Holder.

 

Section 2.5           Limitations
on Execution and Delivery, Transfer, Surrender and Exchange of Receipts.

 

(a)          As
a condition precedent to the execution and delivery, registration of transfer, split-up, combination, surrender or exchange of
any Receipt, the Depositary, any of the Depositary’s Agents or the Corporation may require (i) payment to it of a sum sufficient
for the payment (or, in the event that the Depositary or the Corporation shall have made such payment, the reimbursement to it)
of any charges, taxes or expenses payable by the Holder of a Receipt pursuant to Section 5.8 (including any such tax or
charge with respect to any shares of Series C Preferred Stock being deposited or withdrawn or any charges or expense pursuant to
Section 3.2 and Section 5.7), (ii) the production of evidence satisfactory to it as to the identity and genuineness
of any signature (which evidence may include a Signature Guarantee) and any other reasonable evidence of authority that may be
required by the Depositary, and (iii) compliance with such additional requirements, if any, as the Depositary or the Corporation
may reasonably establish consistent with the provisions of this Deposit Agreement and/or applicable law.

 

(b)          The
deposit of shares of Series C Preferred Stock may be refused, the delivery of Receipts against such shares of Series C Preferred
Stock may be suspended, the registration of transfer of Receipts may be refused and the registration of transfer, surrender or
exchange of outstanding Receipts may be suspended (i) during any period when the register of stockholders of the Corporation is
closed or (ii) if any such action is deemed necessary or advisable by the Depositary, any of the Depositary’s Agents or the
Corporation at any time or from time to time because of any requirement of law or of any government or governmental body or commission
or under any provision of this Deposit Agreement.

 

Section 2.6           Lost
Receipts, etc.

 

In case any Receipt shall
be mutilated, destroyed, lost or stolen, the Depositary in its discretion may execute and deliver in exchange therefore a Receipt
of like form and tenor in exchange and substitution for such mutilated Receipt, or in lieu of and in substitution for such destroyed,
lost or stolen Receipt, upon (i) the filing by the Holder thereof with the Depositary of evidence satisfactory to the Depositary
of such destruction or loss or theft of such Receipt, of the authenticity thereof and of his or her ownership thereof and (ii)
the Holder thereof furnishing the Depositary with an affidavit and an indemnity or bond satisfactory to the Depositary. Such Holder
shall also comply with such other reasonable regulations and pay such other reasonable charges as the Depositary may prescribe
and as required by Section 8-405 of the Uniform Commercial Code in effect in the State of New York.

 

Section 2.7           Cancellation
and Destruction of Surrendered Receipts.

 

All Receipts surrendered
to the Depositary or any Depositary’s Agent shall be cancelled by the Depositary. Except as prohibited by applicable law
or regulation, the Depositary is authorized and directed to destroy all Receipts so cancelled.

 

    	 	8	 

     

    

 

Section 2.8           Redemption
of Series C Preferred Stock.

 

(a)          Whenever
the Corporation shall be permitted and shall elect to redeem shares of Series C Preferred Stock in accordance with the terms of
the Certificate of Designations, it shall (unless otherwise agreed to in writing with the Depositary) give or cause to be given
to the Depositary, not less than 30 days and not more than 60 days prior to the Redemption Date (as defined below), notice of the
date of such proposed redemption of Series C Preferred Stock and of the number of such shares held by the Depositary to be so redeemed
and the Redemption Price, which notice shall be accompanied by a certificate from the Corporation stating that such redemption
of shares of Series C Preferred Stock is in accordance with the provisions of the Certificate of Designations. On the Redemption
Date, provided that the Corporation shall then have paid or caused to be paid in full to the Depositary the Redemption Price of
the Series C Preferred Stock to be redeemed, the Depositary shall redeem the number of Depositary Shares representing such shares
of Series C Preferred Stock. The Depositary shall, if requested in writing and provided with all necessary information and documents,
mail notice of the Corporation’s redemption of shares of Series C Preferred Stock and the proposed simultaneous redemption
of the number of Depositary Shares representing such shares of the Series C Preferred Stock to be redeemed by first-class mail,
postage prepaid, at the respective last addresses as they appear on the records of the Depositary or transmit by such other method
approved by the Depositary (in its reasonable discretion), in either case not less than 30 days and not more than 60 days prior
to the date fixed for redemption of such shares of Series C Preferred Stock and Depositary Shares (the “Redemption Date”),
to the Record Holders of the Receipts evidencing the Depositary Shares to be so redeemed at the addresses of such Holders as they
appear on the records of the Depositary; but neither failure to mail or transmit any such notice of redemption of Depositary Shares
to one or more such Holders nor any defect in any notice of redemption of Depositary Shares to one or more such Holders shall affect
the sufficiency of the proceedings for redemption as to the other Holders. Each such notice shall be prepared by the Corporation
and shall state: (i) the Redemption Date; (ii) the number of Depositary Shares to be redeemed and, if less than all the Depositary
Shares held by any such Holder are to be redeemed, the number of such Depositary Shares held by such Holder to be so redeemed;
(iii) the Redemption Price; (iv) the place or places where Receipts evidencing such Depositary Shares are to be surrendered for
payment of the Redemption Price; and (v) that dividends in respect of the Series C Preferred Stock represented by such Depositary
Shares to be redeemed will cease to accrue on such Redemption Date. In case less than all the outstanding Depositary Shares are
to be redeemed, the Depositary Shares to be so redeemed shall be selected either pro rata or by lot or in such other manner as
the Corporation may determine to be fair and equitable (which determination the Corporation will promptly notify the Depositary
in writing).

 

(b)          Notice
having been mailed or transmitted by the Depositary as aforesaid, from and after the Redemption Date (unless the Corporation shall
have failed to provide the funds necessary to redeem the Series C Preferred Stock evidenced by the Depositary Shares called for
redemption) (i) all dividends on the shares of Series C Preferred Stock so called for redemption shall cease to accrue from and
after such date, (ii) the Depositary Shares being redeemed from such proceeds shall be deemed no longer to be outstanding, (iii)
all rights of the Holders of Receipts evidencing such Depositary Shares (except the right to receive the Redemption Price) shall,
to the extent of such Depositary Shares, cease and terminate, and (iv) upon surrender in

 

    	 	9	 

     

    

 

accordance with such redemption
notice of the Receipts evidencing any such Depositary Shares called for redemption (properly endorsed or assigned for transfer,
if the Depositary or applicable law shall so require), such Depositary Shares shall be redeemed by the Depositary at a redemption
price per Depositary Share equal to 1/40th of the Redemption Price per share of Series C Preferred Stock so redeemed plus all money
and other property, if any, represented by such Depositary Shares, including all amounts paid by the Corporation with respect to
dividends which on the Redemption Date have been declared on the shares of the Series C Preferred Stock to be so redeemed and have
not therefore been paid.

 

(c)          If
fewer than all of the Depositary Shares evidenced by a Receipt are called for redemption, the Depositary will deliver to the Holder
of such Receipt upon its surrender to the Depositary, together with the Redemption Price for all of the Depositary Shares redeemed,
a new Receipt evidencing the Depositary Shares evidenced by such prior Receipt and not called for redemption.

 

Section 2.9           Bank
Accounts.

 

The Corporation acknowledges
that the bank accounts maintained by the Depositary in connection with the services provided under this Deposit Agreement will
be in the Depositary’s name and that the Depositary may receive investment earnings in connection with the investment at
the Depositary’s risk and for its benefit of funds held in those accounts from time to time. Neither the Corporation nor
the Holders will receive interest on any deposits.

 

Section 2.10         Receipts
Issuable in Global Registered Form.

 

(a)          If
the Corporation shall determine in a writing delivered to the Depositary that the Receipts are to be issued in whole or in part
in the form of one or more Global Registered Receipts, then the Depositary shall, if instructed and provided with all necessary
information, in accordance with the other provisions of this Deposit Agreement, execute and deliver one or more Global Registered
Receipts evidencing the Receipts of such series which (i) shall represent, and shall be denominated in an amount equal to the aggregate
principal amount of, the Receipts to be represented by such Global Registered Receipt or Receipts and (ii) shall be registered
in the name of the Global Receipt Depository therefor or its nominee.

 

(b)          Notwithstanding
any other provision of this Deposit Agreement to the contrary, unless otherwise provided in the Global Registered Receipt, a Global
Registered Receipt may only be transferred in whole and only by the applicable Global Receipt Depository for such Global Registered
Receipt to a nominee of such Global Receipt Depository, or by a nominee of such Global Receipt Depository to such Global Receipt
Depository or another nominee of such Global Receipt Depository, or by such Global Receipt Depository or any such nominee to a
successor Global Receipt Depository for such Global Registered Receipt selected or approved by the Corporation or to a nominee
of such successor Global Receipt Depository. Except as provided below, owners solely of beneficial interests in a Global Registered
Receipt shall not be entitled to receive physical delivery of the Receipts represented by such Global Registered Receipt. Neither
any such beneficial owner nor any direct or indirect participant of a Global Receipt Depository shall have any rights under this
Deposit Agreement with respect to any

 

    	 	10	 

     

    

 

Global Registered Receipt
held on their behalf by a Global Receipt Depository and such Global Receipt Depository may be treated by the Corporation, the Depositary
and any director, officer, employee or agent of the Corporation or the Depositary as the Holder of such Global Registered Receipt
for all purposes whatsoever. Unless and until definitive Receipts are delivered to the owners of the beneficial interests in a
Global Registered Receipt, (1) the applicable Global Receipt Depository will make book-entry transfers among its participants and
receive and transmit all payments and distributions in respect of the Global Registered Receipts to such participants, in each
case, in accordance with its applicable procedures and arrangements, and (2) whenever any notice, payment or other communication
to the holders of Global Registered Receipts is required under this Deposit Agreement, the Corporation and the Depositary shall
give all such notices, payments and communications specified herein to be given to such holders to the applicable Global Receipt
Depository.

 

(c)          If
an Exchange Event has occurred with respect to any Global Registered Receipt, then, in any such event, the Depositary shall, upon
receipt of a written order from the Corporation authorizing and directing the Depositary to execute and deliver individual definitive
registered Receipts in exchange for such Global Registered Receipt, shall execute and deliver, individual definitive registered
Receipts, in authorized denominations and of like tenor and terms in an aggregate principal amount equal to the principal amount
of the Global Registered Receipt in exchange for such Global Registered Receipt. The Depositary shall have no duties, obligations
or liability under this Section 2.10(c) unless and until such order has been received by the Depositary.

 

(d)          Definitive
registered Receipts issued in exchange for a Global Registered Receipt pursuant to this Section 2.10 shall be registered
in such names and in such authorized denominations as the Global Receipt Depository for such Global Registered Receipt, pursuant
to instructions from its participants, shall instruct the Depositary in writing. The Depositary shall deliver such Receipts to
the Persons in whose names such Receipts are so registered.

 

(e)          Notwithstanding
anything to the contrary in this Deposit Agreement, should the Corporation determine that the Receipts should be issued as a Global
Registered Receipt, the parties hereto shall comply with the terms of any Letter of Representations.

 

ARTICLE
3 CERTAIN OBLIGATIONS OF HOLDERS OF RECEIPTS AND THE CORPORATION

 

Section 3.1           Filing
Proofs, Certificates and Other Information.

 

Any Holder of a Receipt
may be required from time to time to file such proof of residence, or other matters or other information, to execute such certificates
and to make such representations and warranties as the Depositary or the Corporation may reasonably deem necessary or proper. The
Depositary or the Corporation may withhold the delivery, or delay the registration of transfer or redemption, of any Receipt or
the withdrawal of shares of Series C Preferred Stock represented by the Depositary Shares and evidenced by a Receipt or withhold
or delay the distribution of any dividend or other distribution or the sale of any rights or of the

 

    	 	11	 

     

    

 

proceeds thereof until such
proof or other information is filed or such certificates are executed or such representations and warranties are made.

 

Section 3.2           Payment
of Taxes or Other Governmental Charges.

 

Holders of Receipts shall
be obligated to make payments to the Depositary, of certain charges and expenses, as provided in Section 5.8. Registration
of transfer of any Receipt or any withdrawal of shares of Series C Preferred Stock and all money or other property, if any, represented
by the Depositary Shares evidenced by such Receipt may be refused until any such payment due is made, and any dividends, interest
payments or other distributions may be withheld or any part of or all the Series C Preferred Stock or other property represented
by the Depositary Shares evidenced by such Receipt and not theretofore sold may be sold for the account of the Holder thereof (after
attempting by reasonable means to notify such Holder prior to such sale), and such dividends, interest payments or other distributions
or the proceeds of any such sale may be applied to any payment of such charges or expenses, with the Holder of such Receipt remaining
liable for any deficiency.

 

Section 3.3           Warranty
as to Series C Preferred Stock.

 

The Corporation hereby
represents and warrants that the Series C Preferred Stock, when issued, will be duly authorized, validly issued, fully paid and
non-assessable. Such representation and warranty shall survive the deposit of the Series C Preferred Stock and the issuance of
the related Receipts.

 

Section 3.4           Warranty
as to Receipts.

 

The Corporation hereby
represents and warrants that the Receipts, when issued, will represent legal and valid interests in the Series C Preferred Stock.
Such representation and warranty shall survive the deposit of the Series C Preferred Stock and the related issuance of the Receipts.

 

ARTICLE
4 THE DEPOSITED SECURITIES; NOTICES

 

Section 4.1           Cash
Distributions.

 

Whenever the Depositary
shall receive any cash dividend or other cash distribution on the Series C Preferred Stock, the Depositary shall, subject to Section
3.1 and Section 3.2, and if received, upon the written instructions from the Corporation, distribute to Record Holders
of Receipts on the record date fixed pursuant to Section 4.4 such amounts of such dividend or distribution as are, as nearly
as practicable, in proportion to the respective numbers of Depositary Shares evidenced by the Receipts held by such Holders; provided,
however, that in case the Corporation or the Depositary shall be required to withhold and shall withhold from any cash dividend
or other cash distribution in respect of the Series C Preferred Stock an amount on account of taxes, the amount made available
for distribution or distributed in respect of Depositary Shares shall be reduced accordingly. The Depositary shall distribute or
make available for distribution, as the case may be and, if received, in accordance with the Corporation’s written instructions,
only such amount, however, as can be distributed without

 

    	 	12	 

     

    

 

attributing to any Holder
of Receipts a fraction of one cent, and any balance not so distributable shall be held by the Depositary (without liability for
interest thereon), and shall be added to and be treated as part of the next sum received by the Depositary for distribution to
Record Holders of Receipts then outstanding. Each Holder of a Receipt shall provide the Depositary with its certified tax identification
number on a properly completed Form W-8 or W-9, as may be applicable. Each Holder of a Receipt acknowledges that, in the event
of non-compliance with the preceding sentence, the Internal Revenue Code of 1986, as amended, may require withholding by the Depositary
of a portion of any of the distributions to be made hereunder.

 

Section 4.2           Distributions
Other than Cash, Rights, Preferences or Privileges.

 

Whenever the Depositary
shall receive any distribution other than cash, rights, preferences or privileges upon the Series C Preferred Stock, the Depositary
shall, subject to Section 3.1 and Section 3.2, distribute to Record Holders of Receipts on the record date fixed
pursuant to Section 4.4 such amounts of the securities or property received by it as the Corporation shall reasonably direct.
If in the opinion of the Corporation, in consultation with the Depositary, such distribution cannot be made proportionately among
such Record Holders, or if for any other reason (including any requirement that the Corporation or the Depositary withhold an amount
on account of taxes or charges) such distribution shall not be feasible, the Corporation, in its discretion, may adopt such method
as it deems equitable and practicable for the purpose of effecting such distribution, including the sale (at public or private
sale) of the securities or property thus received, or any part thereof, in a commercially reasonable manner. The net proceeds of
any such sale shall, subject to Section 3.1 and Section 3.2, be distributed or made available for distribution, as
the case may be, by the Depositary to Record Holders of Receipts as provided by Section 4.1 in the case of a distribution
received in cash. The Corporation shall not make any distribution of securities or property (other than cash) to the Depositary
and the Depositary shall not make any distribution of securities or property (other than cash) to the Holders of Receipts unless
such securities or property have been registered under the Securities Act or the Corporation shall have provided an opinion of
counsel, dated as of or prior to the date of such distribution, stating that such securities or property do not need to be registered
in connection with such distributions.

 

Section 4.3           Subscription
Rights, Preferences or Privileges.

 

(a)          If
the Corporation shall at any time offer or cause to be offered to the Persons in whose names the Series C Preferred Stock is recorded
on the books of the Corporation any rights, preferences or privileges to subscribe for or to purchase any securities or any rights,
preferences or privileges of any other nature, such rights, preferences or privileges shall in each such instance be communicated
to the Depositary and made available by the Depositary to the Record Holders of Receipts in such manner as the Corporation shall
reasonably direct; provided, however, that (i) if, at the time of issue or offer of any such rights, preferences or privileges,
the Corporation determines that it is not lawful or (after consultation with the Depositary) not feasible to make such rights,
preferences or privileges available to Holders of Receipts by the issue of warrants or otherwise, or (ii) if and to the extent
so instructed by Holders of Receipts who do not desire to exercise such rights, preferences or privileges, then the Corporation,
in its discretion (with the acknowledgement of the Depositary, in any case where the Corporation has

 

    	 	13	 

     

    

 

determined that it is not
feasible to make such rights, preferences or privileges available), may, if applicable laws or the terms of such rights, preferences
or privileges permit such transfer, sell such rights, preferences or privileges at public or private sale, at such place or places
and upon such terms as it may deem proper. The net proceeds of any such sale shall be delivered to the Depositary and, if received,
upon the written instructions of the Corporation and, subject to Section 3.1 and Section 3.2, be distributed by the
Depositary to the Record Holders of Receipts entitled thereto as provided by Section 4.1 in the case of a distribution received
in cash.

 

(b)          The
Corporation shall notify the Depositary whether registration under the Securities Act of the securities to which any rights, preferences
or privileges relate is required in order for Holders of Receipts to be offered or sold the securities to which such rights, preferences
or privileges relate, and the Corporation agrees with the Depositary that it will file promptly a registration statement pursuant
to the Securities Act with respect to such rights, preferences or privileges and securities and use its reasonable best efforts
and take all steps available to it to cause such registration statement to become effective sufficiently in advance of the expiration
of such rights, preferences or privileges in compliance with the Securities Act to enable such Holders to exercise such rights,
preferences or privileges. In no event shall the Depositary make available to the Holders of Receipts any right, preference or
privilege to subscribe for or to purchase any securities unless and until such registration statement shall have become effective
or the Corporation shall have provided to the Depositary an opinion of counsel stating that the offering and sale of such securities
to the Holders are exempt from registration under the provisions of the Securities Act.

 

(c)          The
Corporation shall notify the Depositary whether any other action under the laws of any jurisdiction or any governmental or administrative
authorization, consent or permit is required in order for such rights, preferences or privileges to be made available to Holders
of Receipts, and the Corporation agrees with the Depositary that the Corporation will use its reasonable best efforts to take such
action or obtain such authorization, consent or permit sufficiently in advance of the expiration of such rights, preferences or
privileges to enable such Holders to exercise such rights, preferences or privileges.

 

Section 4.4           Notice
of Dividends, etc.; Fixing Record Date for Holders of Receipts.

 

Whenever any cash dividend
or other cash distribution shall become payable or any distribution other than cash shall be made, or if rights, preferences or
privileges shall at any time be offered, with respect to the Series C Preferred Stock, or whenever the Depositary shall receive
notice of any meeting at which holders of the Series C Preferred Stock are entitled to vote or of which holders of the Series C
Preferred Stock are entitled to notice, or whenever the Depositary and the Corporation shall decide it is appropriate, the Depositary
shall in each such instance fix a record date (which shall be the same date as the record date fixed by the Corporation with respect
to or otherwise in accordance with the terms of the Series C Preferred Stock) for the determination of the Holders of Receipts
who shall be entitled to receive such dividend, distribution, rights, preferences or privileges or the net proceeds of the sale
thereof, or to give instructions for the exercise of voting rights at any such meeting, or who shall be entitled to notice of such
meeting or for any other appropriate reasons.

 

    	 	14	 

     

    

 

Section 4.5           Voting
Rights.

 

Subject to the Certificate
of Designations, upon receipt of notice from the Corporation of any meeting at which the holders of the Series C Preferred Stock
are entitled to vote, the Depositary shall, if requested in writing and provided with all necessary information and documents,
as soon as practicable thereafter, mail or transmit by such other method approved by the Depositary, in its reasonable discretion,
to the Record Holders of Receipts, as determined on the record date set forth in Section 4.4, a notice prepared by the Corporation
which shall contain (i) such information as is contained in such notice of meeting, (ii) a statement that the Holders of Receipts
at the close of business on a specified record date fixed pursuant to Section 4.4 may, subject to any applicable restrictions,
instruct the Depositary as to the exercise of the voting rights pertaining to the shares of Series C Preferred Stock represented
by their respective Depositary Shares (including an express indication that instructions may be given to the Depositary to give
a discretionary proxy to a Person designated by the Corporation), and (iii) a brief statement as to the manner in which such instructions
may be given. Upon the written request of the Holders of Receipts on the relevant record date, the Depositary shall endeavor insofar
as practicable to vote or cause to be voted, in accordance with the instructions set forth in such requests, the maximum number
of whole shares of Series C Preferred Stock represented by the Depositary Shares evidenced by all Receipts as to which any particular
voting instructions are received. The Corporation hereby agrees to take all reasonable action which may be deemed necessary by
the Depositary in order to enable the Depositary to vote such Series C Preferred Stock or cause such Series C Preferred Stock to
be voted. In the absence of specific instructions from the Holder of a Receipt, the Depositary will not vote (but, at its discretion,
may appear at any meeting with respect to such Series C Preferred Stock unless directed to the contrary by the Holders of all the
Receipts) to the extent of the Series C Preferred Stock represented by the Depositary Shares evidenced by such Receipt. The Depositary
shall not be required to exercise any discretion in voting any shares of the Series C Preferred Stock represented by the Depositary
Shares evidenced by such Receipt.

 

Section 4.6           Changes
Affecting Deposited Securities and Reclassifications, Recapitalizations, etc.

 

Upon any change in par
or stated value, split-up, combination or any other reclassification of the Series C Preferred Stock, subject to the Certificate
of Designations, or upon any recapitalization, reorganization, merger or consolidation affecting the Corporation or to which it
is a party, the Depositary shall, upon the written instructions of the Corporation setting forth any adjustment, (i) make such
adjustments as are certified by the Corporation in the fraction of an interest represented by one Depositary Share in one share
of Series C Preferred Stock and in the ratio of the redemption price per Depositary Share to the redemption price per share of
Series C Preferred Stock, in each case as may be necessary fully to reflect the effects of such change in par or stated value,
split-up, combination or other reclassification of the Series C Preferred Stock, or of such recapitalization, reorganization, merger
or consolidation, as stated in such instructions and (ii) treat any securities or property (including cash) which shall be received
by the Depositary in exchange for or upon conversion of or in respect of the Series C Preferred Stock as new deposited securities
or property so received in exchange for or upon conversion or in respect of such Series C Preferred Stock. In any such case the
Depositary shall, upon receipt

 

    	 	15	 

     

    

 

of instructions of the
Corporation, execute and deliver additional Receipts or may call for the surrender of all outstanding Receipts to be exchanged
for new Receipts specifically describing such new deposited securities or property. Anything to the contrary herein notwithstanding,
Holders of Receipts shall have the right from and after the effective date of any such change in par or stated value, split-up,
combination or other reclassification of the Series C Preferred Stock or any such recapitalization, reorganization, merger or consolidation
to surrender such Receipts to the Depositary with instructions to convert, exchange or surrender the Series C Preferred Stock represented
thereby only into or for, as the case may be, the kind and amount of shares and other securities and property and cash into which
the Series C Preferred Stock represented by such Receipts might have been converted or for which such Series C Preferred Stock
might have been exchanged or surrendered immediately prior to the effective date of such transaction.

 

Section 4.7           Delivery
of Reports.

 

The Depositary shall
make available for inspection by Holders of Receipts at the Depositary’s Office and at such other places as it may from time
to time deem advisable during normal business hours any reports and communications received from the Corporation, which are received
by the Depositary and which the Corporation is required to furnish to the holders of the Series C Preferred Stock. In addition,
the Depositary shall transmit, upon the request of the Corporation, certain notices and reports to the Holders of Receipts as provided
in Section 5.6.

 

Section 4.8           Lists
of Receipt Holders.

 

Reasonably promptly
upon request from time to time by the Corporation, at the sole expense of the Corporation, the Registrar shall furnish to it a
list, as of the most recent practicable date, of the names, addresses and holdings of Depositary Shares of all registered Holders
of Receipts.

 

Section 4.9           Withholding.

 

Notwithstanding any
other provision of this Deposit Agreement, in the event that the Depositary determines that any distribution in property is subject
to any tax or other charge that the Depositary is obligated by law to withhold, the Depositary may dispose of, by public or private
sale, all or a portion of such property in such amounts and in such manner as the Depositary deems necessary and practicable to
pay such taxes or charges, and the Depositary shall distribute the net proceeds of any such sale or the balance of any such property
after deduction of such taxes or charges to the Holders of Receipts entitled thereto in proportion to the number of Depositary
Shares held by them, respectively; provided, however, that in the event the Depositary determines that such distribution
of property is subject to withholding tax only with respect to some but not all Holders of Receipts, the Depositary will use its
best efforts (i) to sell only that portion of such property distributable to such holders that is required to generate sufficient
proceeds to pay such withholding tax and (ii) to effect any such sale in such a manner so as to avoid affecting the rights of any
other Holders of Receipts to receive such distribution in property.

 

    	 	16	 

     

    

 

ARTICLE
5 THE DEPOSITARY, THE DEPOSITARY’S AGENTS, THE REGISTRAR AND THE CORPORATION

 

Section 5.1           Appointment
of the Depositary.

 

The Corporation hereby
appoints Computershare to act as Depositary in accordance with the express terms and conditions hereof (and no implied terms or
conditions), and Computershare accepts this appointment. The Depositary is engaged in an independent business and will perform
its obligations under this Deposit Agreement as an agent of the Corporation.

 

Section 5.2           Maintenance
of Offices, Agencies and Transfer Books by the Depositary; Registrar.

 

(a)          Upon
execution of this Deposit Agreement, the Depositary shall maintain at the Depositary’s Office, facilities for the execution
and delivery, registration and registration of transfer, surrender and exchange of Receipts, and at the offices of the Depositary’s
Agents, if any, facilities for the delivery, registration of transfer, surrender and exchange of Receipts, all in accordance with
the provisions of this Deposit Agreement.

 

(b)          The
Depositary shall keep books at the Depositary’s Office for the registration and registration of transfer of Receipts. Upon
direction from the Corporation and with reasonable notice to the Depositary, the Registrar shall open its books for inspection
by the Record Holders of Receipts; provided that any such Record Holder requesting to exercise such right shall certify to the
Depositary that such inspection shall be for a proper purpose reasonably related to such Person’s interest as an owner of
Depositary Shares evidenced by the Receipts.

 

(c)          The
Depositary or Registrar may close such books, at any time or from time to time, when deemed necessary or advisable by the Depositary,
the Registrar, any Depositary’s Agent or the Corporation because of any requirement of law or of any government, governmental
body or commission, stock exchange or any applicable self-regulatory body.

 

(d)          If
the Receipts or the Depositary Shares evidenced thereby or the Series C Preferred Stock represented by such Depositary Shares shall
be listed on one or more national securities exchanges, the Depositary may, with the written approval of the Corporation, appoint
a Registrar (acceptable to the Corporation) for registration of the Receipts or Depositary Shares in accordance with any requirements
of such exchange. Such Registrar (which may be the Depositary if so permitted by the requirements of any such exchange) may be
removed and a substitute registrar appointed by the Depositary upon the request or with the approval of the Corporation. If the
Receipts, Depositary Shares or the Series C Preferred Stock are listed on one or more other securities exchanges, the Depositary
will, at the written request and expense of the Corporation, arrange such facilities for the delivery, registration, registration
of transfer, surrender and exchange of such Receipts, Depositary Shares or Series C Preferred Stock as may be required by law or
applicable securities exchange regulation.

 

Section 5.3           Prevention
of or Delay in Performance by the Depositary, the Depositary’s Agents, the Registrar or the Corporation.

 

Neither the Depositary
nor any Depositary’s Agent nor any Registrar nor the Corporation, as the case may be, shall incur any liability to any Holder
of Receipt if by reason of any provision of any present or future law, or regulation thereunder, of the United States of

 

    	 	17	 

     

    

 

America or of any other
governmental authority or, in the case of the Depositary, the Depositary’s Agent or the Registrar, as the case may be, by
reason of any provision, present or future, of the Corporation’s Certificate of Incorporation, as amended (including the
Certificate of Designations), or by reason of any act of God or war or other circumstance beyond the control of the relevant party,
the Depositary, the Depositary’s Agent, the Registrar or the Corporation, as the case may be, shall be prevented or forbidden
from, or subjected to any penalty on account of, doing or performing any act or thing which the terms of this Deposit Agreement
provide shall be done or performed; nor shall the Depositary, any Depositary’s Agent, any Registrar or the Corporation, as
the case may be, incur liability to any Holder of a Receipt (i) by reason of any nonperformance or delay, caused as aforesaid,
in the performance of any act or thing which the terms of this Deposit Agreement shall provide shall or may be done or performed,
or (ii) by reason of any exercise of, or failure to exercise, any discretion provided for in this Deposit Agreement except as otherwise
explicitly set forth in this Deposit Agreement.

 

Section 5.4           Obligations
of the Depositary, the Depositary’s Agents, the Registrar, the Transfer Agent and the Corporation.

 

(a)          Neither
the Depositary nor any Depositary’s Agent nor any Registrar, any Transfer Agent nor the Corporation, as the case may be,
assumes any obligation or shall be subject to any liability under this Deposit Agreement to Holders of Receipts or to any other
Person other than for its gross negligence, willful misconduct, fraud or bad faith (each as finally determined by a non-appealable
judgment of a court of competent jurisdiction). Notwithstanding anything in this Deposit Agreement to the contrary, excluding the
Depositary’s gross negligence, willful misconduct, fraud or bad faith, the aggregate liability of the Depositary, any Depositary’s
Agent or the Registrar or Transfer Agent, as the case may be, under this Deposit Agreement, whether in contract, tort, or otherwise,
is limited to, and shall not exceed, the amounts paid hereunder by the Corporation to the Depositary as fees and charges, but not
including reimbursable expenses; provided, however, that in the event that such liability arises as a result of misappropriation
of funds by the Depositary, any of the Depositary’s Agents (except for such Depositary’s Agents which are not employees
of the Depositary), any Registrar or any Transfer Agent, as the case may be, through fraud or willful misconduct on the part of
such Person (as finally determined by a non-appealable judgment of a court of competent jurisdiction), such limit shall not apply
and such liability hereunder shall be instead limited to the amount of such misappropriated funds or the liability resulting from
such fraud or willful misconduct.

 

(b)          Notwithstanding
anything in this Deposit Agreement to the contrary, neither the Depositary, nor the Depositary’s Agent nor any Registrar
nor the Transfer Agent nor the Corporation, as the case may be, shall be liable in any event for special, punitive, incidental,
indirect or consequential losses or damages of any kind whatsoever (including but not limited to lost profits), even if they have
been advised of the likelihood of such loss or damage and regardless of the form of action.

 

(c)          Neither
the Depositary nor any Depositary’s Agent nor any Transfer Agent nor the Registrar nor the Corporation, as the case may be,
shall be under any obligation to appear in, prosecute or defend any action, suit or other proceeding in respect of the Series C
Preferred Stock, the Depositary Shares or the Receipts which in its opinion may involve it in expense or

 

    	 	18	 

     

    

 

liability unless indemnity
reasonably satisfactory to it against all expense and liability be furnished as often as may be required.

 

(d)          Neither
the Depositary nor any Depositary’s Agent nor any Registrar nor the Transfer Agent nor the Corporation, as the case may be,
shall be liable for any action or any failure to act by it in reliance upon information from any Person presenting Series C Preferred
Stock for deposit, any Holder of a Receipt or any other Person believed by it, in the absence of bad faith, to be competent to
give such information. The Depositary, any Depositary’s Agent, any Registrar, any Transfer Agent and the Corporation, as
the case may be, may each rely and shall each be protected in acting upon or omitting to act upon any written notice, request,
direction or other document believed by it to be genuine and to have been signed or presented by the proper party or parties.

 

(e)          The
Depositary, the Depositary’s Agent, any Registrar or Transfer Agent, as the case may be, shall not be responsible for any
failure to carry out any instruction to vote any of the shares of the Series C Preferred Stock or for the manner or effect of any
such vote made, as long as any such action or non-action is not taken with gross negligence, willful misconduct, fraud or bad faith
(each as finally determined by a non-appealable judgment of a court of competent jurisdiction). The Depositary undertakes, and
any Depositary’s Agent, Registrar and any Transfer Agent, as the case may be, shall be required to undertake, to perform
such duties and only such duties as are specifically set forth in this Deposit Agreement, and no implied covenants or obligations
shall be read into this Deposit Agreement against the Depositary or any Depositary’s Agent, Transfer Agent or Registrar.

 

(f)          The
Depositary, its parent, Affiliate, or subsidiaries, and Depositary’s Agents, and any Transfer Agent or Registrar, as the
case may be, may own and deal in any class of securities of the Corporation and its Affiliates and in Receipts or Depositary Shares
or become pecuniarily interested in any transaction in which the Corporation or its Affiliates may be interested or contract with
or lend money to or otherwise act as fully or as freely as if it were not the Depositary, the parent, Affiliate or subsidiary of
the Depositary or the Depositary’s Agent or Transfer Agent or Registrar hereunder. The Depositary may also act as transfer
agent, trustee, or registrar of any of the securities of the Corporation and its Affiliates or act in any other capacity for the
Corporation or its Affiliates.

 

(g)          The
Depositary shall not be under any liability for interest on any monies at any time received by it pursuant to any of the provisions
of this Deposit Agreement or of the Receipts, the Depositary Shares or the Series C Preferred Stock nor shall it be obligated to
segregate such monies from other monies held by it, except as required by law. The Depositary shall not be responsible for advancing
funds on behalf of the Corporation and shall have no duty or obligation to make any payments if it has not timely received sufficient
funds to make timely payments.

 

(h)          In
the event the Depositary, the Depositary’s Agents, any Transfer Agent or Registrar, as the case may be, reasonably believes
any ambiguity or uncertainty exists hereunder or in any notice, instruction, direction, request or other communication, paper or
document received by the Depositary, the Depositary’s Agents, any Transfer Agent or Registrar hereunder,

 

    	 	19	 

     

    

 

or in the administration
of any of the provisions of this Deposit Agreement, the Depositary, the Depositary’s Agents, any Transfer Agent or Registrar
shall deem it necessary or desirable that a matter be proved or established prior to taking, omitting or suffering to take any
action hereunder, the Depositary, the Depositary’s Agents, any Transfer Agent or Registrar may, in its sole discretion upon
providing written notice to the Corporation, refrain from taking any action and the Depositary, the Depositary’s Agents,
any Transfer Agent or Registrar shall be fully protected and shall not be liable in any way to the Corporation, any Holders of
Receipts or any other Person or entity for refraining from taking such action, unless the Depositary, the Depositary’s Agents,
any Transfer Agent or Registrar receives written instructions or a certificate signed by a duly authorized officer of the Corporation
which eliminates such ambiguity or uncertainty to the satisfaction of the Depositary or which proves or establishes the applicable
matter to the satisfaction of the Depositary, the Depositary’s Agents, any Transfer Agent or Registrar or which proves or
establishes the applicable matter to the satisfaction of the Depositary, the Depositary’s Agents, any Transfer Agent or Registrar.
Such written instructions shall be full and complete authorization to the Depositary, the Depositary’s Agents, any Transfer
Agent or Registrar, as the case may be, and the Depositary, the Depositary’s Agents, any Transfer Agent or Registrar shall
incur no liability for or in respect of any action taken, suffered or omitted by it under the provisions of this Deposit Agreement
in reliance upon such written instructions.

 

(i)          In
the event the Depositary, the Depositary’s Agent, the Registrar or the Transfer Agent, as the case may be, shall receive
conflicting claims, requests or instructions from any Holders of Receipts, on the one hand, and the Corporation, on the other hand,
the Depositary, the Depositary’s Agent, the Registrar or the Transfer Agent, as the case may be, shall be entitled to act
on such claims, requests or instructions received from the Corporation, and shall incur no liability and shall be entitled to the
full indemnification set forth in Section 5.7 in connection with any action so taken.

 

(j)          It
is intended that the Depositary shall not be deemed to be an “issuer” of the securities under the federal securities
laws or applicable state securities laws, it being expressly understood and agreed that the Depositary is acting only in a ministerial
capacity as Depositary for the deposited Series C Preferred Stock. The Depositary will not be under any duty or responsibility
to ensure compliance with any applicable federal or state securities laws in connection with the issuance, transfer or exchange
of the Receipts, the shares of the Series C Preferred Stock or Depositary Shares.

 

(k)          Neither
the Depositary (or its officers, directors, employees or agents), any Depositary’s Agent nor any Registrar or any Transfer
Agent makes any representation or has any responsibility as to the validity of any registration statement pursuant to which the
Depositary Shares may be registered under the Securities Act, the deposited Series C Preferred Stock, the Depositary Shares, the
Receipts (except its countersignature thereon) or any instruments referred to therein or herein, or as to the correctness of any
statement made in any such registration statement or herein.

 

(l)          The
Depositary assumes no responsibility for the correctness of the description that appears in the Receipts. Notwithstanding any other
provision herein or in the Receipts, the

 

    	 	20	 

     

    

 

Depositary makes no warranties
or representations as to the validity or genuineness of any shares of the Series C Preferred Stock at any time deposited with the
Depositary hereunder or of the Depositary Shares, as to the validity or sufficiency of this Deposit Agreement, as to the value
of the Depositary Shares or as to any right, title or interest of the record holders of Receipts in and to the Depositary Shares.
The Depositary shall not be accountable for the use or application by the Corporation of the Depositary Shares or the Receipts
or the proceeds thereof.

 

(m)          The
Depositary, Depositary’s Agent, any Registrar, and any Transfer Agent hereunder:

 

(i)          shall
have no duties or obligations other than those specifically set forth herein (and no implied duties or obligations), or as may
subsequently be agreed to in writing by the parties;

 

(ii)         shall
have no obligation to make payment hereunder unless the Corporation shall have provided the necessary federal or other immediately
available funds or securities or property, as the case may be, to pay in full amounts due and payable with respect thereto;

 

(iii)        shall
not be obligated to take any legal or other action hereunder; if, however, the Depositary determines to take any legal or other
action hereunder except as expressly set forth herein, and, where the taking of such action might in the Depositary’s judgment
subject or expose it to any expense or liability, the Depositary shall not be required to act unless it shall have been furnished
with an indemnity reasonably satisfactory to it;

 

(iv)        may
rely on and shall be authorized and protected in acting or failing to act upon any certificate, instrument, opinion, notice, letter,
telegram, telex, facsimile transmission or other document or security delivered to the Depositary and reasonably believed by the
Depositary to be genuine and to have been signed by the proper party or parties, and shall have no responsibility for determining
the accuracy thereof;

 

(v)         may
rely on and shall be authorized and protected in acting or failing to act upon the written, telephonic and electronic instructions,
with respect to any matter relating to the Depositary’s actions as Depositary covered by this Deposit Agreement (or supplementing
or qualifying any such actions) of officers of the Corporation;

 

(vi)        shall
not be called upon at any time to advise any Person with respect to the shares of the Series C Preferred Stock or Receipts;

 

(vii)       shall
not be liable or responsible for any recital or statement contained in any documents relating hereto or the shares of the Series
C Preferred Stock or Receipts; and

 

(viii)      shall
not be liable in any respect on account of the identity, authority or rights of the parties (other than with respect to the Depositary)
executing or delivering or

 

    	 	21	 

     

    

 

purporting
to execute or deliver this Deposit Agreement or any documents or papers deposited or called for under this Deposit Agreement.

 

(n)          The
obligations of the Corporation and the rights of the Depositary set forth in this Section 5.4 shall survive the replacement, removal
or resignation of the Depositary, Registrar, Transfer Agent or Depositary’s Agent or termination of this Deposit Agreement.

 

Section 5.5           Resignation
and Removal of the Depositary; Appointment of Successor Depositary.

 

(a)          The
Depositary may at any time resign as Depositary hereunder by delivering notice of its election to do so to the Corporation, such
resignation to take effect upon the appointment of a successor Depositary and its acceptance of such appointment as hereinafter
provided.

 

(b)          The
Depositary may at any time be removed by the Corporation by notice of such removal delivered to the Depositary, such removal to
take effect upon the appointment of a successor Depositary hereunder and its acceptance of such appointment as hereinafter provided.

 

(c)          In
case at any time the Depositary acting hereunder shall resign or be removed, the Corporation shall, within 60 days after the delivery
of the notice of resignation or removal, as the case may be, appoint a successor Depositary, which shall be a Person having its
principal office in the United States of America and having a combined capital and surplus, along with its Affiliates, of at least
$50,000,000. In the event of such removal or resignation, the Corporation will appoint a successor depositary and inform the Depositary
of the name and address of any successor depositary so appointed, provided that no failure by the Corporation to appoint such a
successor depositary shall affect the termination of this Deposit Agreement or the discharge of the Depositary as depositary hereunder.
Upon payment of all outstanding fees and expenses hereunder, the Depositary shall promptly forward to the successor depositary
or its designee any shares of stock held by it and any certificates, letters, notices and other document that the Depositary may
receive after its appointment has so terminated.

 

(d)          If
no successor Depositary shall have been so appointed and have accepted appointment within 60 days after delivery of such notice,
the resigning or removed Depositary may petition any court of competent jurisdiction for the appointment of a successor Depositary.
Every successor Depositary shall execute and deliver to its predecessor and to the Corporation an instrument in writing accepting
its appointment hereunder, and thereupon such successor Depositary, without any further act or deed, shall become fully vested
with all the rights, powers, duties and obligations of its predecessor and for all purposes shall be the Depositary under this
Deposit Agreement, and such predecessor, upon payment of all sums due it and on the written request of the Corporation, shall promptly
execute and deliver an instrument transferring to such successor all rights and powers of such predecessor hereunder, shall duly
assign, transfer and deliver all right, title and interest in the Series C Preferred Stock and any moneys or property held hereunder
to such successor, and shall deliver to such successor a list of the Record Holders of all outstanding Receipts and such records,
books and other information in its possession relating thereto.

 

    	 	22	 

     

    

 

(e)          Any
Person into or with which the Depositary may be merged, consolidated or converted, or any Person to which all or a substantial
part of the assets of the Depositary may be transferred or which succeeds to the shareholder services business of the Depositary
shall be the successor of the Depositary without the execution or filing of any document or any further act, and notice thereof
shall not be required hereunder. Such successor Depositary may authenticate the Receipts in the name of the predecessor Depositary
or its own name as successor Depositary.

 

Section 5.6           Corporate
Notices and Reports.

 

The Corporation agrees
that it will deliver to the Depositary, and the Depositary will, promptly after receipt of all necessary information and documents,
transmit to the Record Holders of Receipts, in each case at the addresses recorded in the Depositary’s or Registrar’s
books, copies of all notices and reports (including without limitation financial statements) required by law, by the rules of any
national securities exchange upon which the Series C Preferred Stock, the Depositary Shares or the Receipts are listed or by the
Corporation’s Certificate of Incorporation, as amended (including the Certificate of Designations), to be furnished to the
Record Holders of Receipts. Such transmission will be at the Corporation’s expense and the Corporation will provide the Depositary
with such number of copies of such documents as the Depositary may reasonably request. In addition, the Depositary will transmit
to the Record Holders of Receipts at the Corporation’s expense such other documents as may be requested by the Corporation.

 

Section 5.7           Indemnification
by the Corporation.

 

The Corporation shall
indemnify the Depositary, any Depositary’s Agent and any Registrar and any Transfer Agent (including each of their officers,
directors, agents and employees) against, and hold each of them harmless from and against, any fee, loss, claim, damage, cost,
penalty, fine, judgment, liability or expense (including the reasonable costs and expenses of its legal counsel) which may arise
out of acts taken, suffered or omitted to be taken in connection with its acting as Depositary, Depositary’s Agent, Registrar
or Transfer Agent, respectively, under this Deposit Agreement (including, without limitation, the enforcement of this Deposit Agreement)
and the Receipts by the Depositary, any Registrar or any of their respective agents (including any Depositary’s Agent) and
any transactions or documents contemplated hereby, except for any liability arising out of gross negligence, willful misconduct,
fraud or bad faith (each as finally determined by a non-appealable judgment of a court of competent jurisdiction) on the respective
parts of any such Person or Persons. The obligations of the Corporation and the rights of the Depositary set forth in this Section
5.7 shall survive any succession of any Depositary, Registrar, Transfer Agent or Depositary’s Agent or termination of
this Deposit Agreement.

 

Section 5.8           Fees,
Charges and Expenses.

 

The Corporation agrees
promptly to pay the Depositary the compensation to be agreed upon with the Corporation for all services rendered by the Depositary,
Depositary’s Agent, Registrar and Transfer Agent hereunder and to reimburse the Depositary for its reasonable out-of-pocket
expenses (including reasonable counsel fees and expenses) incurred by the Depositary,

 

    	 	23	 

     

    

 

Depositary’s Agent,
Registrar and Transfer Agent without gross negligence, willful misconduct, fraud or bad faith on its part (each as finally determined
by a non-appealable judgment of a court of competent jurisdiction) in connection with the services rendered by such Depositary,
Depositary’s Agent, Registrar and Transfer Agent, as the case may be, hereunder. The Corporation shall pay all charges of
the Depositary in connection with the initial deposit of the Series C Preferred Stock and the initial issuance of the Depositary
Shares, all withdrawals of shares of Series C Preferred Stock by owners of Depositary Shares, and any redemption or exchange of
the Series C Preferred Stock at the option of the Corporation. The Corporation shall pay all transfer and other taxes and charges
arising solely from the existence of the depositary arrangements. All other transfer and other taxes and charges shall be at the
expense of Holders of Depositary Shares evidenced by Receipts. If, at the request of a Holder of Receipts, the Depositary incurs
charges or expenses for which the Corporation is not otherwise liable hereunder, such Holder will be liable for such charges and
expenses; provided, however, that the Depositary may, at its sole option, require a Holder of a Receipt to prepay the Depositary
any charge or expense the Depositary has been asked to incur at the request of such Holder of Receipts. The Depositary shall present
its statement for charges and expenses to the Corporation at such intervals as the Corporation and the Depositary may agree.

 

ARTICLE
6 AMENDMENT AND TERMINATION

 

Section 6.1           Amendment.

 

The form of the Receipts
and any provisions of this Deposit Agreement may at any time and from time to time be amended by agreement between the Corporation
and the Depositary in any respect which they may deem necessary or desirable; provided, however, that no such amendment (other
than any change in the fees of any Depositary, Depositary’s Agent, Transfer Agent, or Registrar, as the case may be) which
shall materially and adversely alter the rights of the Holders of Receipts shall be effective against the Holders of Receipts unless
such amendment shall have been approved by the Holders of Receipts representing in the aggregate at least 66 2/3% of the Depositary
Shares then outstanding. Every Holder of an outstanding Receipt at the time any such amendment becomes effective shall be deemed,
by continuing to hold such Receipt, to consent and agree to such amendment and to be bound by the Deposit Agreement as amended
thereby. In no event shall any amendment impair the right, subject to the provisions of Section 2.5 and Section 2.6
and Article III, of any owner of Depositary Shares to surrender any Receipt evidencing such Depositary Shares to the Depositary
with instructions to deliver to the Holder the Series C Preferred Stock and all money and other property, if any, represented thereby,
except in order to comply with mandatory provisions of applicable law or the rules and regulations of any governmental body, agency
or commission, or applicable securities exchange. As a condition precedent to the Depositary’s execution of any amendment,
the Corporation shall deliver to the Depositary a certificate from a duly authorized officer of the Corporation that states that
the proposed amendment is in compliance with the terms of this Section 6.1.

 

Section 6.2           Termination.

 

(a)          This
Deposit Agreement may be terminated by the Corporation at any time upon not less than sixty (60) days prior written notice to the
Depositary, in which case, at least thirty

 

    	 	24	 

     

    

 

(30) days prior to the
date fixed in such notice for such termination, the Depositary will mail notice of such termination to the record Holders of all
Receipts then outstanding. If any Receipts shall remain outstanding after the date of termination of this Deposit Agreement, the
Depositary thereafter shall discontinue the transfer of Receipts, shall suspend the distribution of dividends to the Holders of
the Receipts thereof and shall not give any further notices (other than notice of such termination) or perform any further acts
under this Deposit Agreement, except that the Depositary shall continue to collect dividends and other distributions pertaining
to the Series C Preferred Stock, and shall continue to deliver the Stock and any money and other property, if any, represented
by Receipts upon surrender thereof by the Holders of Receipts thereof. At any time after the expiration of two years from the date
of termination, as may be instructed by the Corporation in writing, the Depositary shall (i) sell the shares of the Series C Preferred
Stock then held hereunder at public or private sale, at such places and upon such terms as it deems proper and may thereafter hold
the net proceeds of any such sale, together with any money and other property held by it hereunder, without liability for interest,
for the benefit, pro rata in accordance with their holdings, of the Holders of Receipts that have not theretofore been surrendered,
or (ii) return such shares of Series C Preferred Stock to the Corporation. After making such sale, the Depositary shall be discharged
from all obligations under this Deposit Agreement except to account for such net proceeds and money and other property. The Depositary
shall continue to receive its fees and expenses after termination of this Deposit Agreement so long as the Depositary continues
to provide services in connection with this Deposit Agreement.

 

(b)          Subject
t o Section 6.2(a), this Deposit Agreement may be terminated by the Corporation or the Depositary only if (i) all outstanding
Depositary Shares issued hereunder have been redeemed pursuant to Section 2.8, (ii) there shall have been made a final distribution
in respect of the Series C Preferred Stock in connection with any liquidation, dissolution or winding up of the Corporation and
such distribution shall have been distributed to the Holders of Receipts representing Depositary Shares pursuant to Section
4.1 or Section 4.2, as applicable, or (iii) upon the consent of Holders of Receipts representing in the aggregate not
less than 66 2/3% of the Depositary Shares outstanding.

 

(c)          Upon
the termination of this Deposit Agreement, the Corporation shall be discharged from all obligations under this Deposit Agreement
except for its obligations to the Depositary, any Depositary’s Agent and any Registrar under Section 5.7 and Section
5.8; provided further that Section 5.3 and Section 5.7 shall survive the termination of this Deposit Agreement.

 

ARTICLE
7 MISCELLANEOUS

 

Section 7.1           Counterparts.

 

This Deposit Agreement
may be executed in any number of counterparts, and by each of the parties hereto on separate counterparts, each of which counterparts,
when so executed and delivered, shall be deemed an original, but all such counterparts taken together shall constitute one and
the same instrument. A signature to this Deposit Agreement transmitted electronically shall have the same authority, effect, and
enforceability as an original signature.

 

    	 	25	 

     

    

 

Section 7.2           Exclusive
Benefit of Parties.

 

This Deposit Agreement
is for the exclusive benefit of the parties hereto, and their respective successors hereunder, and shall not be deemed to give
any legal or equitable right, remedy or claim to any other Person whatsoever.

 

Section 7.3           Invalidity
of Provisions.

 

In case any one or
more of the provisions contained in this Deposit Agreement or in the Receipts should be or become invalid, illegal or unenforceable
in any respect, the validity, legality and enforceability of the remaining provisions contained herein or therein shall in no way
be affected, prejudiced or disturbed thereby.

 

Section 7.4           Notices.

 

(a)          Any
and all notices, requests, orders, approvals, instructions or directions to be given to the Corporation hereunder or under the
Receipts shall be in writing and shall be deemed to have been duly given if personally delivered or sent by mail or a nationally
recognized overnight delivery service, or by facsimile transmission or electronic mail, confirmed either by (a) telephone with
the recipient of such facsimile transmission or electronic mail or (b) letter, addressed to the Corporation at:

 

Astoria Financial Corporation

One Astoria Federal Plaza

Lake Success, New York 11042

Attention: General Counsel

Facsimile: 516.433.3564

 

or at any other addresses of which the
Corporation shall have notified the Depositary in writing.

 

(b)          Any
and all notices, requests, orders, approvals, instructions or directions to be given to the Depositary hereunder or under the Receipts
shall be in writing and shall be deemed to have been duly given if personally delivered or sent by mail or a nationally recognized
overnight delivery service, or by facsimile transmission or electronic mail, confirmed either by (a) telephone with the recipient
of such facsimile transmission or electronic mail or (b) letter, addressed to the Depositary at:

 

Computershare Shareowner Services,
LLC

480 Washington Blvd.

Jersey City, New Jersey 07310

Attention: General Counsel

Facsimile: 781.575.4210

 

or at any other addresses of which the
Depositary shall have notified the Corporation in writing.

 

(c)          Any
and all notices to be given to any Record Holder of a Receipt hereunder or under the Receipts shall be in writing and shall be
deemed to have been duly given if personally

 

    	 	26	 

     

    

 

delivered, sent by a
nationally recognized overnight delivery service or sent by mail or facsimile transmission, confirmed by letter, addressed to such
Record Holder at the address of such Record Holder as it appears on the books of the Depositary, or if such Holder shall have timely
filed with the Depositary a request that notices intended for such Holder be mailed to some other address, at the address designated
in such request.

 

(d)          Delivery
of a notice sent by mail or by facsimile transmission shall be deemed to be effected at the time when a duly addressed letter containing
the same (or a confirmation thereof in the case of a facsimile transmission) is deposited, postage prepaid, in a post office letter
box. The Depositary or the Corporation may, however, act upon any facsimile transmission received by it from the other or from
any Holder of a Receipt, notwithstanding that such facsimile transmission shall not subsequently be confirmed by letter or as aforesaid.

 

Section 7.5           Depositary’s
Agents.

 

The Depositary may
from time to time appoint Depositary’s Agents to act in any respect for the Depositary for the purposes of this Deposit Agreement
and may at any time appoint additional Depositary’s Agents and vary or terminate the appointment of such Depositary’s
Agents. The Depositary will promptly notify the Corporation of any such action.

 

Section 7.6           Appointment
of Registrar, Dividend Disbursing Agent and Redemption Agent in Respect of the Series C Preferred Stock.

 

The Corporation hereby
appoints Computershare as Registrar, Transfer Agent, dividend disbursing agent and redemption agent with respect to the shares
of the Series C Preferred Stock deposited with the Depositary hereunder, and Computershare hereby accepts such respective appointments,
subject to the express terms and conditions of this Deposit Agreement (and no implied terms or conditions) and, as such, will reflect
changes in the number of shares of deposited Series C Preferred Stock held by it by notation, book-entry or other appropriate method.
With respect to the appointment of Computershare as Registrar, Transfer Agent, dividend disbursing agent and redemption agent in
respect of the shares of the Series C Preferred Stock, Computershare, in its respective capacities under such appointments, shall
be entitled to the same rights, indemnities, immunities and benefits as the Depositary hereunder as if explicitly named in each
such provision.

 

Section 7.7           Holders
of Receipts are Parties.

 

The Holders of Receipts
from time to time shall be parties to this Deposit Agreement and shall be bound by all of the terms and conditions hereof and of
the Receipts by acceptance of delivery thereof.

 

Section 7.8           Governing
Law.

 

This Deposit Agreement
and the Receipts and all rights hereunder and thereunder and provisions hereof and thereof shall be governed by, and construed
in accordance with, the laws of the State of New York without giving effect to applicable conflicts of law principles.

 

    	 	27	 

     

    

 

Section 7.9           Inspection
of Deposit Agreement.

 

Copies of this Deposit
Agreement shall be filed with the Depositary and the Depositary’s Agents and shall be made available for inspection during
business hours upon reasonable notice to the Depositary by any Holder of a Receipt.

 

Section 7.10         Headings.

 

The headings of articles
and sections in this Deposit Agreement and in the form of the Receipt set forth in Exhibit A have been inserted for convenience
only and are not to be regarded as a part of this Deposit Agreement or the Receipts or to have any bearing upon the meaning or
interpretation of any provision contained herein or in the Receipts.

 

Section 7.11         Force
Majeure.

 

Notwithstanding anything
to the contrary contained herein, the Depositary will not be liable for any delays or failures in performance resulting from acts
beyond its reasonable control including, without limitation, acts of God, terrorist acts, shortage of supply, breakdowns or malfunctions,
interruptions or malfunction of computer facilities, or loss of data due to power failures or mechanical difficulties with information
storage or retrieval systems, labor difficulties, war, or civil unrest.

 

Section 7.12         Further
Assurances.

 

Each of the Corporation
and the Depositary, respectively, agrees that it will perform, acknowledge, and deliver or cause to be performed, acknowledged
or delivered, all such further and other acts, documents, instruments and assurances as the Depositary or the Corporation, respectively,
may reasonably require in connection with the performance of this Deposit Agreement.

 

Section 7.13         Confidentiality.

 

The Depositary and
the Corporation agree that all books, records, information and data pertaining to the business of the other party, including inter
alia, personal, non-public Holder information and the fees for services, which are exchanged or received pursuant to the negotiation
or the carrying out of this Deposit Agreement, shall remain confidential, and shall not be voluntarily disclosed to any other Person,
except as may be required by law or legal process. To avoid doubt, the parties hereto shall not be required to keep the terms of
this Deposit Agreement confidential.

 

Section 7.14         Assignment.

 

(a)          Except
as provided in Section 7.14(b), neither this Deposit Agreement nor any rights or obligations hereunder may be assigned by
either party without the written consent of the other party, which consent the other party shall not unreasonably withhold, condition
or delay.

 

    	 	28	 

     

    

 

(b)          The
Depositary may, without further consent on the part of the Corporation assign this Deposit Agreement to an affiliate or affiliates
which are transfer agents registered with the SEC under Rule 17Ac2-1 of the rules promulgated under the Securities Exchange Act
of 1934.

 

[Remainder of page intentionally left
blank; signature page follows.]

 

    	 	29	 

     

    

 

 

IN WITNESS WHEREOF,
the Corporation and Computershare have duly executed this Deposit Agreement as of the day and year first above set forth, and all
Holders of Receipts shall become parties hereto by and upon acceptance by them of delivery of Receipts issued in accordance with
the terms hereof.

 

	 	ASTORIA FINANCIAL CORPORATION
	 	 	 
	 	By:	/s/ Frank E. Fusco
	 	 	Name: Frank E. Fusco
	 	 	Title: Senior Executive Vice President and
	 	 	Chief Financial Officer
	 	 	 
	 	COMPUTERSHARE SHAREOWNER SERVICES, LLC
	 	 	 
	 	By:	/s/ Michael J. Lang
	 	 	Name: Michael J. Lang
	 	 	Title: SVP

 

    	 		 

     

    

 

EXHIBIT A

 

[FORM OF FACE
OF RECEIPT]

 

[IF GLOBAL RECEIPT IS ISSUED: UNLESS THIS
GLOBAL RECEIPT IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE DEPOSITARY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY RECEIPT ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER
USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.

 

TRANSFERS OF THIS GLOBAL RECEIPT SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE
AND TRANSFERS OF PORTIONS OF THIS GLOBAL RECEIPT SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH
IN THE DEPOSIT AGREEMENT REFERRED TO BELOW.]

 

RECEIPT FOR DEPOSITARY
SHARES,

 

EACH REPRESENTING
1/40th OF ONE SHARE

 

OF

 

6.50% NON-CUMULATIVE
PERPETUAL PREFERRED STOCK, SERIES C

 

OF

 

ASTORIA FINANCIAL
CORPORATION

 

CUSIP: 046265 401

SEE REVERSE FOR CERTAIN DEFINITIONS

 

Dividend Payment Dates: Beginning July
15, 2013, each January 15, April 15, July 15 and October 15.

 

COMPUTERSHARE SHAREOWNER SERVICES, LLC,
as Depositary (the “Depositary”), hereby certifies that [Cede & Co.] is the registered owner of [•]
depositary shares (“Depositary Shares”), each Depositary Share representing 1/40 of one share of 6.50% Non-Cumulative
Perpetual Preferred Stock, Series C, liquidation preference $1,000 per share, par value $1.00 per

 

    	 		 

     

    

 

share (the “Series C Preferred
Stock”), of Astoria Financial Corporation, a Delaware corporation (the “Corporation”), on deposit
with the Depositary, subject to the terms and entitled to the benefits of the Deposit Agreement, dated as of March 19, 2013 (the
“Deposit Agreement”), among the Corporation, the Depositary and the Holders from time to time of the Receipts.
By accepting this Depositary Receipt, the Holder hereof becomes a party to and agrees to be bound by all the terms and conditions
of the Deposit Agreement. This Receipt shall not be valid or obligatory for any purpose or entitled to any benefits under the Deposit
Agreement unless it shall have been executed by the Depositary by the manual or facsimile signature of a duly authorized officer
and, if a Registrar for the Receipts (other than the Depositary) shall have been appointed, countersigned by such Registrar by
the manual or facsimile signature of a duly authorized officer thereof.

 

	 	Dated: [•]
	 	 
	 	COMPUTERSHARE SHAREOWNER SERVICES, LLC, as Depositary
	 	 	 
	 	By:	 
	 	 	Authorized Officer

 

    	 		 

     

    

 

[FORM OF REVERSE
OF RECEIPT]

 

THE CORPORATION WILL FURNISH WITHOUT CHARGE
TO EACH REGISTERED HOLDER OF RECEIPTS WHO SO REQUESTS A COPY OF THE DEPOSIT AGREEMENT AND A COPY OF THE CERTIFICATE OF DESIGNATIONS
OF 6.50% NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES C OF ASTORIA FINANCIAL CORPORATION. ANY SUCH REQUEST IS TO BE ADDRESSED
TO THE DEPOSITARY NAMED ON THE FACE OF THIS RECEIPT.

 

The Corporation will
furnish without charge to each registered holder of a receipt who so requests the powers, designations, preferences and relative,
participating, optional or other special rights of each class of stock or series thereof of the Corporation, and the qualifications,
limitations or restrictions of such preferences and/or rights. Such request may be made to the Corporation or to the Registrar.

 

EXPLANATION OF
ABBREVIATIONS

 

The following abbreviations
when used in the form of ownership on the face of this certificate shall be construed as though they were written out in full according
to applicable laws or regulations. Abbreviations in addition to those appearing below may be used.

 

	Abbreviation
	 	Equivalent Phrase	 	Abbreviation	 	Equivalent Phrase
	JT TEN	 	As joint tenants, with right of survivorship and not as tenants in common	 	TEN BY ENT	 	As tenants by the entireties
	TEN IN COM	 	As tenants in common	 	UNIF GIFT MIN ACT	 	Uniform Gifts to Minors Act

 

	Abbreviation
	 	Equivalent
    

    Word	 	Abbreviation	 	Equivalent
    

    Word	 	Abbreviation	 	Equivalent
    Word
	ADM	 	
        Administrator(s),

        Administratrix
	 	EX	 	Executor(s),

Executrix	 	PAR	 	Paragraph
	AGMT	 	Agreement	 	FBO	 	For the benefit of	 	PL	 	Public Law
	ART	 	Article	 	FDN	 	Foundation	 	TR	 	(As) trustee(s), for, of
	CH	 	Chapter	 	GDN	 	Guardian(s)	 	U	 	Under
	CUST	 	Custodian for	 	GDNSHP	 	Guardianship	 	UA	 	Under agreement
	DEC	 	Declaration	 	MIN	 	Minor(s)	 	UW	 	Under will of, Of will

of, Under last will &

testament
	EST	 	Estate, of Estate of	 	 	 	 	 	 	 	 

 

For value received, ____________________________
hereby sell(s), assign(s) and transfer(s) unto

 

 

    	 		 

     

    

 

INSERT SOCIAL
SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE

 

Depositary Shares represented by the within
Receipt, and do(es) hereby irrevocably constitute and appoint ___________________ Attorney to transfer the said Depositary
Shares on the books of the within named Depositary with full power of substitution in the premises.

 

Dated:                

 

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

 

SIGNATURE GUARANTEED

 

NOTICE: The signature(s) should be guaranteed
by a participant in a Medallion Signature Guarantee Program at a guarantee level acceptable to the Corporation’s transfer
agent. Guarantees by a notary public are not acceptable.EX-4.6

 Exhibit 4.6 

BY ITS ACQUISITION OF THIS SECURITY THE HOLDER THEREOF WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT EITHER (I) NO PORTION OF THE ASSETS USED BY
SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OF A PLAN, INDIVIDUAL RETIREMENT
ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER
LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR
(II) THE ACQUISITION AND HOLDING OF THIS SECURITY WILL NOT CONSTITUTE OR GIVE RISE TO A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A VIOLATION UNDER ANY
APPLICABLE SIMILAR LAWS. 
 THIS GLOBAL NOTE IS HELD BY USB NOMINEES (UK) LIMITED AS NOMINEE OF ELAVON FINANCIAL SERVICES DAC (THE “COMMON
DEPOSITARY”) IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF. TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO THE COMMON DEPOSITARY OR ITS NOMINEE IN CUSTODY OR TO A SUCCESSOR THEREOF OR
SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

 

			
		  	Up to £694,804,000
		
	No. 1	  	£694,804,000
		  	as revised by the Schedule of Increases and
		  	Decreases in Global Debt Security attached hereto
	 ISIN No: XS1579033819
	  	
	 Common Code: 157903381
	  	
	CUSIP: U9221A AV0	  	

 Verizon Communications Inc. 

4.073% Notes due 2024 
 Verizon Communications
Inc., a corporation duly organized and existing under the laws of the State of Delaware (herein referred to as the “Company”), for value received, hereby promises to pay USB Nominees (UK) Limited or registered assigns, the principal sum of
Six Hundred Ninety-Four Million, Eight Hundred and Four Thousand Pounds Sterling (£694,804,000), as revised by the Schedule of Increases and Decreases in Global Debt Security attached hereto, on June 18, 2024 and to pay interest on
said principal sum from June 18, 2016, or from the most recent interest payment date to which interest has been paid or duly provided for, annually on June 18 in each year, commencing June 18, 2017, at the rate of 4.073% per annum
until the principal hereof shall have become due and payable, and on any overdue principal and (to the extent that payment of such interest is enforceable under applicable law) on any overdue installment of interest at the same rate per annum. 

The interest installment so payable, and punctually paid or duly provided for, on any interest payment date will, as provided in the Indenture hereinafter
referred to, be paid to the person in whose name this Debt Security (or one or more Predecessor Securities, as defined in said Indenture) is registered at the close of business on the regular record date for such interest installment, which shall be
the June 4 (whether or not a Business Day), next preceding such interest payment date. However, interest that the Company pays on the maturity date shall be payable to the person to whom the principal hereof shall be payable. Any such interest
installment not so punctually paid or duly provided for shall forthwith cease to be payable to the registered holder on such regular record date and may be paid to the person in whose name this Debt Security (or one or more Predecessor Securities)
is registered at the close of business on a special record date to be fixed by the Trustee for the payment of such defaulted interest, notice of which shall be given to the registered holders of this series of Debt Securities as provided in the
Indenture, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Debt Securities may be listed, and upon such notice as may be required by such exchange, all as more
fully provided in the Indenture hereinafter referred to. The principal of and the interest on this Debt Security shall be payable in Pounds Sterling, the legal currency of the United Kingdom (“Pounds Sterling”) (or, if the United Kingdom
adopts the Euro, the lawful currency of the member states of the European Monetary Union (the “Euro”), as its lawful currency, in Euro), at the office or agency of the Company maintained for that purpose; provided, however, that the
Company undertakes that, to the extent permitted by law, they will maintain a Paying Agent for this Debt Security in a member state of the European Union (if any) that will not require withholding or deduction of tax pursuant to European Union
Directive 2003/48/EC on the taxation of savings 

 
income, or any law implementing or complying with, or introduced in order to conform to, such European Union Directive (the “EC Directive Requirement”); and provided further, however,
that payment of interest may be made at the option of the Company by check mailed to the registered holder at such address as shall appear in the Security Register. This Debt Security shall not be entitled to any benefit under the Indenture
hereinafter referred to, or be valid or become obligatory for any purpose, until the Certificate of Authentication hereon shall have been signed by or on behalf of the Trustee or the Authenticating Agent. 

If either Euro or Pounds Sterling is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond the Company’s
control (including the dissolution of the Euro), then all payments in respect of the Debt Securities will be made in Dollars until Euro or Pounds Sterling, as the case may be, is again available to the Company. The amount payable on any date in Euro
or Pounds Sterling, as applicable, will be converted into Dollars at the rate mandated by the U.S. Federal Reserve Board as of the close of business on the second Business Day prior to the relevant payment date or, in the event the U.S. Federal
Reserve Board has not mandated a rate of conversion, on the basis of the latest Dollar/Euro exchange rate or Dollar/Pounds Sterling exchange rate, as applicable, available on or prior to the second Business Day prior to the relevant payment date as
determined by the Company in its sole discretion. 
 Any payment in respect of the Debt Securities alternatively made in Euro or Dollars will not constitute
an event of default under the Debt Securities or the Indenture. Neither the Trustee nor the Paying Agent shall have any responsibility for any calculation or conversion in connection with the foregoing. 

The provisions of this Debt Security are continued on the reverse side hereof and such continued provisions shall for all purposes have the same effect as
though fully set forth at this place. 

  
 2 

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

 

							
	Dated:	 		 	VERIZON COMMUNICATIONS INC.
				
		 		 	By	 	 
		 		 		 	Name:
		 		 		 	Title:

 CERTIFICATE OF AUTHENTICATION 

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

U.S. Bank National Association 
 as
Trustee 
  

					
	By	 	 	 	
		 	Authorized Signatory	 	

 Dated: 

 (FORM OF REVERSE OF DEBT SECURITY) 

This Debt Security is one of a duly authorized series of Debt Securities of the Company (herein sometimes referred to as the “Securities”), all
issued or to be issued in one or more series under and pursuant to an Indenture dated as of December 1, 2000, duly executed and delivered by the Company, as successor in interest to Verizon Global Funding Corp. and U.S. Bank National
Association, as successor to Wachovia Bank, National Association, formerly known as First Union National Bank (hereinafter referred to as the “Trustee”), as amended and supplemented (the “Indenture”), to which Indenture reference
is hereby made for a description of the rights, limitation of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the holders of the Securities. By the terms of the Indenture, the Securities are issuable in series
which may vary as to amount, date of maturity, rate of interest and in other respects as in the Indenture provided. This Debt Security is one of the series designated on the face hereof (herein called the “Debt Securities”) unlimited in
aggregate principal amount. 
 Elavon Financial Services DAC, UK Branch will initially act as Paying Agent with respect to the Debt Securities, and U.S.
Bank National Association will initially act as Security Registrar with respect to the Debt Securities. Upon notice to the Trustee, the Company may change any Paying Agent or Security Registrar. 

Beneficial interests in this global Debt Security may be held in minimum denominations of £100,000 and integral multiples of £1,000 in excess
thereof. This global Debt Security shall be exchangeable for Debt Securities in definitive form registered in the names of persons other than the entity appointed by the Company as common depositary for Euroclear Bank S.A./N.V., as operator of the
Euroclear System (“Euroclear”), and Clearstream Banking, société anonyme (“Clearstream”) or its nominee only if (i) the Common Depositary notifies the Company that it is unwilling or unable to continue
as the Common Depositary and a successor Common Depositary is not appointed by the Company within 90 days, (ii) either of Euroclear or Clearstream notifies the Company at any time that it is unwilling or unable to continue as a clearing agency
for the Debt Securities and a successor clearing agency is not appointed by the Company within 90 days or (iii) the Company executes and delivers to the Trustee an Officers’ Certificate that the Debt Security shall be so exchangeable. To
the extent that the Debt Security is exchangeable pursuant to the preceding sentence, it shall be exchangeable for Debt Securities registered in such names as the Common Depositary, Euroclear or Clearstream, as applicable, shall direct the Trustee
or any Security Registrar (if not the Trustee). Debt Securities represented by this Debt Security that may be exchanged for Debt Securities in definitive form under the circumstances described in this paragraph will be exchangeable only for Debt
Securities in definitive form issued in minimum denominations of £100,000 and integral multiples of £1,000 in excess thereof. Notwithstanding any other provision herein, this Debt Security may not be transferred except as a whole by the
Common Depositary to a nominee of such Common Depositary or by a nominee of such Common Depositary to such Common Depositary or another nominee of such Common Depositary. 

In case an Event of Default, as defined in the Indenture, with respect to the Debt Securities shall have occurred and be continuing, the principal of all of
the Debt Securities may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 

The Indenture contains provisions permitting the Company and the Trustee, with the consent of the holders of not less than a majority in aggregate principal
amount of the Securities of each series affected at the time outstanding, as defined in the Indenture, to execute supplemental indentures for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of
the Indenture or of any supplemental indenture or of modifying in any manner the rights of the holders of the Securities; provided, however, that no such supplemental indenture shall, among other things, (i) extend the fixed maturity of any
Securities of any series, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of interest thereon, or reduce any premium payable upon the redemption thereof, without the consent of the holder of each Debt
Security so affected or (ii) reduce the aforesaid percentage of Debt Securities, the holders of which are required to consent to any such supplemental indenture, without the consent of the holders of each Debt Security then outstanding and
affected thereby. The Indenture also contains provisions permitting the holders of a majority in aggregate principal amount of the Securities of any series at the time outstanding, on behalf of the holders of Securities of such series, to waive any
past default in the performance of any of the covenants contained in the Indenture, or established pursuant to the Indenture with respect to such series, and its consequences, except a default in the payment of the principal of, or premium, if any,
or interest on any of the Securities of such series. Any such consent or waiver by the registered holder of this Debt Security (unless revoked as provided in the Indenture) shall be conclusive and binding upon such holder and upon all future holders
and owners of this Debt Security and of any Debt Security issued in exchange herefor or in place hereof (whether by registration of transfer or otherwise), irrespective of whether or not any notation of such consent or waiver is made upon this Debt
Security. 
 No reference herein to the Indenture and no provision of this Debt Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and interest on this Debt Security at the times and place and at the rate and in the money herein prescribed. 

The Debt Securities are issuable as registered Debt Securities without coupons. 

The Debt Securities shall be in minimum denominations of £100,000 and integral multiples of £1,000 in excess thereof. Debt Securities may be
exchanged, upon presentation thereof for that purpose, at the office or agency of the Company in the City of New York, State of New York, for other Debt Securities of authorized denominations, and for a like aggregate principal amount and series,
and upon payment of a sum sufficient to cover any tax or other governmental charge in relation thereto. 

 All payments of principal, interest and premium (if any) in respect of the Debt Securities by the
Company or a Paying Agent on our behalf shall be made without withholding or deduction for or on account of any present or future taxes, duties, assessments or other governmental charges (“Taxes”) imposed by or on behalf of the United
States or any political subdivision thereof or any authority therein or thereof having the power to tax, unless the withholding or deduction of such Taxes is required by law. In that event, the Company shall pay to a holder that is a Non-U.S. Person (as defined below) such additional amounts as may be necessary to ensure that the net amount received by such holder, after withholding or deduction for or on account of such Taxes, will be equal to
the amount such holder would have received in the absence of such withholding or deduction. However, no additional amounts shall be payable with respect to any Debt Security if the beneficial owner is subject to taxation solely for reasons other
than its ownership of Debt Securities, nor shall additional amounts be payable for or on account of: 
  

	 	(i)	any Tax that would not have been imposed, withheld or deducted but for any present or former connection (other than the mere fact of being a holder or beneficial owner of such Debt Security) between the holder or the
beneficial owner of such Debt Security and the United States or the applicable political subdivision or authority, including, without limitation, such holder or beneficial owner being or having been a citizen or resident of the United States or the
applicable political subdivision or authority or treated as being or having been a resident thereof; 

  

	 	(ii)	any Tax that would not have been imposed, withheld or deducted but for the holder or beneficial owner of such Debt Security being or having been with respect to the United States a personal holding company, a controlled
foreign corporation, a passive foreign investment company, a foreign private foundation or other foreign tax-exempt organization, or a corporation that accumulates earnings to avoid U.S. federal income tax;

  

	 	(iii)	any Tax that is payable other than by withholding or deduction by the Company or a Paying Agent from payments in respect of such Debt Security; 

 

	 	(iv)	any gift, estate, inheritance, sales, transfer, personal property, excise or similar Tax; 

  

	 	(v)	any Tax that would not have been imposed, withheld or deducted but for a change in any law, treaty, regulation, or administrative or judicial interpretation that becomes effective after the applicable payment becomes
due or is duly provided for, whichever occurs later, to the extent such change in law, treaty, regulation or administrative interpretation would apply retroactively to such payment; 

 

	 	(vi)	any Tax that would not have been imposed, withheld or deducted but for the presentation of such Debt Security more than 30 days after the applicable payment becomes due or is duly provided for, whichever occurs later,
except to the extent that such holder would have been entitled to such additional amounts on presenting such Debt Security for payment on the last date of such period of 30 days; 

 

	 	(vii)	any Tax that would not have been imposed, withheld or deducted but for the failure of a direct or indirect holder or beneficial owner of such Debt Security to comply with applicable certification, information,
documentation or other reporting requirements concerning the nationality, residence, identity or connection with the United States of such holder or beneficial owner; 

 

	 	(viii)	any Tax that would not have been imposed, withheld or deducted but for the failure of the holder or beneficial owner of such Debt Security to meet the requirements (including the statement requirements) of Section
871(h) or Section 881(c) of the Code; or 

  

	 	(ix)	any combination of items (i)-(viii). 

 For purposes of clauses (i)-(ix) above, references to
the holder or beneficial owner of a Debt Security include a fiduciary, settlor, beneficiary or person holding power over such holder or beneficial owner, if such holder or beneficial owner is an estate or trust, or a partner, member or shareholder
of such holder or beneficial owner, if such holder or beneficial owner is a partnership, limited liability company or corporation. In addition, the Company will not pay additional amounts to the holder of a Debt Security if such holder or the
beneficial owner of such Debt Security is a fiduciary, partnership, limited liability company or other fiscally transparent entity, or if the holder of such Debt Security is not the sole beneficial owner of such Debt Security, as the case may be, to
the extent that a beneficiary or settlor with respect to the fiduciary, or a beneficiary, partner or member of the partnership, limited liability company or other fiscally transparent entity, or a beneficial owner would not have been entitled to the
payment of an additional amount had the beneficiary, settlor, beneficial owner, partner or member received directly its beneficial or distributive share of the payment. For purposes of subparagraphs (i)-(ix) above and the paragraph immediately
preceding subparagraph (i), the term “Non-U.S. Person” means any person that is, for U.S. federal income tax purposes, a foreign corporation, nonresident alien individual, a nonresident fiduciary of
a foreign estate or foreign trust or a foreign partnership one or more of the partners of which is such a foreign corporation, nonresident alien individual or nonresident fiduciary. 

  
 2 

 The Debt Securities may be redeemed at the Company’s option, in whole but not in part, at
any time on giving not less than 30 nor more than 60 days’ notice to the holders (which notice shall be irrevocable), at their principal amount, together with interest accrued to, but excluding, the date fixed for redemption, if: 

 

	 	(i)	the Company has or will become obliged to pay additional amounts with respect to such series of Debt Securities as provided or referred to in subparagraphs (i)-(ix) above and each of the paragraphs immediately preceding
and immediately following such subparagraphs as a result of any change in, or amendment to, the laws, treaties, or rulings of the United States or any political subdivision or any authority thereof or therein having the power to tax, or any change
in the application or official interpretation of such laws or regulations or rulings (including a holding by a court of competent jurisdiction in the United States), which change or amendment is enacted or adopted on or after the issue date of such
Debt Securities; provided that, prior to the publication of any notice of redemption pursuant to this paragraph, the Company shall have delivered to the Trustee a certificate signed by one of its officers stating that it is entitled to effect such
redemption and setting forth a statement of facts showing that the conditions precedent to its right so to redeem have occurred; or 

  

	 	(ii)	on or after the issue date of such series of Debt Securities, any action is taken by a taxing authority of, or any decision has been rendered by a court of competent jurisdiction in, the United States or any political
subdivision of or in the United States or any authority thereof or therein having the power to tax, including any of those actions specified in clause (i) above, whether or not such action was taken or decision was rendered with respect to the
Company, or any change, amendment, application or interpretation is officially proposed, which, in any such case, in the written opinion of independent tax counsel of nationally recognized standing, will result in a material probability that the
Company will become obliged to pay additional amounts with respect to the Debt Securities; provided that, prior to the publication of any notice of redemption pursuant to this paragraph, the Company shall have delivered to the Trustee a certificate
signed by one of the Company’s officers stating that it is entitled to effect such redemption and setting forth a statement of facts showing that the conditions precedent to its right so to redeem have occurred. However, no such notice of
redemption shall be given less than 30 or more than 90 days prior to the earliest date on which the Company would be obliged to pay such additional amounts if a payment in respect of the Debt Securities were then due. 

The Debt Securities may be redeemed on not less than 30 nor more than 60 days’ prior notice given as provided in the Indenture, in whole or in part, at
any time prior to maturity, at a redemption price equal to the greater of (i) 100% of the principal amount of the Debt Securities being redeemed, or (ii) the sum of the present values of the remaining scheduled payments of principal and
interest on the Debt Securities being redeemed (exclusive of interest accrued to the date of redemption), as the case may be, discounted to the date of redemption on an annual basis (ACTUAL/ACTUAL (ICMA)) at the Comparable Government Bond Rate plus
25 basis points, plus accrued and unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption. 
 “Business
Day” means any calendar day that is not a Saturday, Sunday or any other day when commercial banks are not open for business in The City of New York or London. 

The “Comparable Government Bond Rate” will be determined on the third Business Day preceding the redemption date and means, with respect to any date
of redemption, the rate per annum equal to the yield to maturity calculated in accordance with customary financial practice in pricing new issues of comparable corporate debt securities paying interest on an annual basis (ACTUAL/ACTUAL (ICMA)) of
the Comparable Government Bond, assuming a price for the Comparable Government Bond (expressed as a percentage of its principal amount) equal to the Comparable Government Bond Price for such date of redemption. 

“Calculation Agent” means an independent investment banking or commercial banking institution of international standing appointed by the Company.

 “Comparable Government Bond” means the United Kingdom government security or securities selected by one of the Reference Government Bond
Dealers appointed by the Company as having an actual or interpolated maturity comparable with the remaining term of this Debt Security that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing
new issues of Pounds Sterling denominated corporate debt securities of a comparable maturity to the remaining term of this Debt Security. 

“Comparable Government Bond Price” means, with respect to any redemption date, (A) the arithmetic average of the Reference Government Bond
Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Government Bond Dealer Quotations, or (B) if the Calculation Agent obtains fewer than four such Reference Government Bond Dealer Quotations, the
arithmetic average of all such quotations. 

  
 3 

 “Reference Government Bond Dealer” means each of five banks selected by the Company, or their
affiliates, which are (A) primary European government securities dealers, and their respective successors, or (B) market makers in pricing corporate bond issues. 

“Reference Government Bond Dealer Quotations” means, with respect to each Reference Government Bond Dealer and any redemption date, the arithmetic
average, as determined by the Calculation Agent, of the bid and offered prices for the Comparable Government Bond (expressed in each case as a percentage of its principal amount) at 11:00 a.m., London time, on the third Business Day preceding such
date for redemption quoted in writing to the Calculation Agent by such Reference Government Bond Dealer. 
 As provided in the Indenture and subject to
certain limitations therein set forth, this Debt Security is transferable by the registered holder hereof on the Security Register of the Company, upon surrender of this Debt Security for registration of transfer at the office or agency of the
Company in the City of New York, State of New York accompanied by a written instrument or instruments of transfer in form satisfactory to the Company or the Security Registrar duly executed by the registered holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Debt Securities of authorized denominations and for the same aggregate principal amount and series will be issued to the designated transferee or transferees. No service charge will be made for
any such transfer, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in relation thereto. 

Prior to due presentment for registration of transfer of this Debt Security, the Company, the Trustee, any Paying Agent and any Security Registrar for the
Debt Securities may deem and treat the registered holder hereof as the absolute owner hereof (whether or not this Debt Security shall be overdue and notwithstanding any notice of ownership or writing hereon made by anyone other than the Security
Registrar for the Debt Securities) for the purpose of receiving payment of or on account of the principal hereof and (subject to Section 310 of the Indenture) interest due hereon and for all other purposes, and neither the Company nor the
Trustee nor any Paying Agent nor any Security Registrar for the Debt Securities shall be affected by any notice to the contrary. 
 No recourse shall be had
for the payment of the principal of or the interest on this Debt Security, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture, against any incorporator, stockholder, officer or director, past,
present or future, as such, of the Company or of any predecessor or successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being, by
the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released. 
 The Common Depositary by acceptance of
this global Debt Security agrees that it will not sell, assign, transfer or otherwise convey any beneficial interest in this global Debt Security unless such beneficial interest is in an amount equal to an authorized denomination for Debt Securities
of this series. 
 Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the Indenture. 

  
 4 

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL DEBT SECURITY 

The following increases or decreases in this global Debt Security have been made: 

 

									
	 Date of Exchange
	 	 Amount of decrease in
principal amount of this
global Debt
Security
	 	 Amount of increase in principal
amount of this global
Debt
Security
	 	 Principal amount of this global
Debt Security following
such
decrease or increase
	 	 Signature of authorized
signatory of
Trustee

  
 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00269-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00269-of-00352.parquet"}]]