Document:

Exhibit 4.1

 

Execution Version

 

DEPOSIT AGREEMENT

 

among

 

FIRST MIDWEST BANCORP, INC.

as Issuer

 

and

 

COMPUTERSHARE INC. AND COMPUTERSHARE
TRUST COMPANY, N.A.,

jointly,

AS DEPOSITARY

 

and

 

THE HOLDERS FROM TIME TO TIME OF THE
DEPOSITARY RECEIPTS

DESCRIBED HEREIN

 

Dated June 24, 2020 

 

 

     

     

    

 

DEPOSIT AGREEMENT

 

DEPOSIT AGREEMENT, dated June 24, 2020, among
(i) FIRST MIDWEST BANCORP, INC., a Delaware corporation; (ii) COMPUTERSHARE, INC., a Delaware corporation, and its wholly-owned
subsidiary, COMPUTERSHARE TRUST COMPANY, N.A., a federally chartered trust company and (iii) the Record Holders from time to time
of the Receipts described in this Deposit Agreement.

 

WHEREAS, it is desired to provide, as hereinafter
set forth in this Deposit Agreement, for the deposit of shares of the 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 Receipts evidencing Depositary
Shares in respect of shares of the Preferred Stock so deposited; and

 

WHEREAS, the Receipts are to be substantially
in the form of Exhibit A attached hereto, 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
I

DEfined terms

 

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 or entity, any person or entity directly or indirectly controlling, controlled by, or under common control
with, such other person or entity. 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 or entity, whether through the ownership or control of voting interests, by
contract or otherwise.

 

“Board of Directors” shall
mean the board of directors of the Corporation.

 

“Certificate of Designations”
shall mean the relevant Certificate of Designations filed with the Secretary of State of the State of Delaware establishing the
Preferred Stock as a series of preferred stock of the Corporation.

 

“Computershare” shall mean
Computershare Inc., a Delaware corporation.

 

“Corporation” shall mean
First Midwest Bancorp, Inc., a Delaware corporation.

 

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“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 the Trust Company, acting jointly, and any successor as Depositary hereunder.

 

“Depositary Shares” shall
mean the depositary shares, each representing one-fortieth (1/40th) of one share of the Preferred Stock, and 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 150 Royall Street, Canton, Massachusetts 02021.

 

“DTC” shall mean The Depository
Trust Company.

 

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

 

“Exchange Event” shall
mean with respect to any Global Registered Receipt: (i) (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 ninety (90) calendar days after the Corporation received
such notice, or (ii) 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.

 

“Funds” shall have the
meaning set forth in Section 4.1.

 

“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 the Global Receipt Depository.

 

“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.

 

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“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.

 

“Preferred Stock” shall
mean the shares of the Corporation’s Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C, $1,000 liquidation preference
per share, designated in the Certificate of Designations.

 

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

 

“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.

 

“Registrar” shall mean
the Trust Company and Computershare, or such other successor bank or trust company which shall be appointed by the Corporation
to register ownership and transfers of Receipts and the deposited shares of Preferred Stock as herein provided, and if a successor
Registrar shall be so appointed, references herein to “the books” of or maintained by the Depository shall be deemed,
as applicable, to refer as well to the register maintained by such Registrar for such purpose.

 

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

 

“Signature Guarantee” shall
have the meaning set forth in Section 2.3.

 

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

 

“Trust Company” shall mean
Computershare Trust Company, N.A., a federally chartered trust company.

 

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ARTICLE
II

Form of Receipts, Deposit of the Preferred Stock,

Execution and Delivery, Transfer, Surrender and Redemption of

Receipts

 

2.1             
Form and Transfer of Receipts.

 

The definitive Receipts shall be substantially
in the form set forth in Exhibit A attached to this Deposit Agreement, with appropriate insertions, modifications and omissions,
as hereinafter provided (but which do not affect the rights, duties, obligations or immunities of the Depositary as set forth in
this Deposit Agreement without the Depositary’s consent). Pending the preparation of definitive Receipts, the Depositary,
upon the written 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, lithographed, typewritten, mimeographed 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 as the Persons executing such Receipts may determine, 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 the Depositary’s Office or at such other place or places as the Depositary shall determine,
without charge to the Holder. 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(s); provided that, the Depositary has been provided with all necessary information that it may request
in order to execute and deliver such definitive Receipt(s). 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 Preferred Stock, as definitive Receipts.

 

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 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.

 

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

 

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 required by the Depositary and approved by the Corporation or required to comply with any applicable law or any regulation
thereunder or with the rules and regulations of any securities exchange upon which the Preferred Stock, the Depositary Shares or
the Receipts may be listed or to conform with any usage with respect thereto, or 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 without the Depositary’s consent).

 

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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.

 

The Corporation shall cause to be provided
an opinion of counsel containing opinions, or a letter of counsel to the Corporation authorizing reliance on such counsel’s
opinions delivered to the underwriters named therein, relating to (i) the status of the Preferred Stock and Depositary Shares as
validly issued, fully paid and non-assessable and (ii) the registration of the Depositary Shares and Preferred Stock under the
Securities Act.

 

2.2             
Deposit of the Preferred Stock; Execution and Delivery of Receipts in Respect Thereof.

 

Subject to the terms and conditions of this
Deposit Agreement, the Corporation may from time to time deposit shares of the Preferred Stock under this Deposit Agreement by
delivery to the Depositary, including via electronic book-entry, of the shares of Preferred Stock to be deposited (or in such other
manner as may be agreed to by the Corporation and the Depositary), duly endorsed and accompanied, if required by the Depositary,
by a duly executed instrument of transfer or endorsement, in form reasonably satisfactory to the Depositary, together with all
such certifications as may be required by the Depositary pursuant to this Deposit Agreement, and together with a written order
of the Corporation directing the Depositary to (i) register such shares of the Preferred Stock in uncertificated form by direct
registration, and (ii) execute and deliver to, or upon the written order of, the Person or Persons stated in such order a Receipt
or Receipts evidencing in the aggregate the number of Depositary Shares representing such deposited shares of the Preferred Stock.

 

The shares of the 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 the Preferred Stock deposited hereunder.

 

Upon receipt by the Depositary of shares of
the Preferred Stock deposited in accordance with the provisions of this Section 2.2, together with the other documents required
as above specified, and upon recordation of the shares of the 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 order of the Person or Persons named in the written order delivered to the
Depositary referred to in the first paragraph of this Section 2.2, a Receipt or Receipts evidencing in the aggregate the number
of Depositary Shares representing the shares of the 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.

 

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2.3             
Registration of Transfer of Receipts.

 

Subject to the terms and conditions of this
Deposit Agreement, the Depositary, as Transfer Agent and Registrar for the Receipts, 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 guarantee of the signature thereon by a guarantor institution
that is a participant in a signature guarantee program approved by the Securities Transfer Association (a “Signature Guarantee”).
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.

 

The Depositary shall not be required (i) to
issue, transfer or exchange any Receipts for a period beginning at the opening of business fifteen (15) days next preceding any
selection of Depositary Shares and Preferred Stock to be redeemed and ending at the close of business on the day of the sending
of notice of redemption, or (ii) to transfer or exchange for another Receipt any Receipt called or being called for redemption
in whole or in part except as provided in Section 2.8.

 

2.4             
Split-ups and Combinations of Receipts; Surrender of Receipts and Withdrawal of the Preferred Stock.

 

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 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; provided,
however, that the Depositary shall not issue any Receipt evidencing a fractional Depositary Share.

 

Any Holder of a Receipt or Receipts may
withdraw the number of whole shares of the 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 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 the Corporation has provided the Depositary with all necessary documentation), 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 the Preferred Stock and all money and other property, if any, represented by the Receipt or
Receipts so surrendered for withdrawal, but Holders of such whole shares of the Preferred Stock will not thereafter be
entitled to deposit such shares of the Preferred Stock hereunder or to receive a Receipt evidencing Depositary Shares
therefor. Delivery of such shares of the 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. 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 the Preferred Stock to be withdrawn, the
Depositary shall at the same time, in addition to such number of whole shares of the 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 his order, a new Receipt
evidencing such excess number of Depositary Shares.

 

    -6-

     

    

 

In no event will fractional shares of the
Preferred Stock (or any cash payment in lieu thereof) be delivered by the Depositary. Delivery of shares of the 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.

 

If shares of the 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 shares of the 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 the Preferred Stock be properly endorsed in blank or accompanied by a properly
executed instrument of transfer in blank.

 

Delivery of shares of the Preferred Stock
and the money and other property, if any, represented by Receipts surrendered for withdrawal shall be made by the Depositary at
the 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.

 

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

 

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 5.7 (including any such tax or charge with respect to the shares of Preferred
Stock being deposited or withdrawn or any charges or expense pursuant to Section 3.2), (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 (iii) any other
reasonable evidence of authority that may be required by the Depositary, and may also require compliance with such requirements,
if any, as the Depositary or the Corporation may establish consistent with the provisions of this Deposit Agreement and/or applicable
law.

 

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The deposit of shares of the Preferred Stock
may be refused, the delivery of Receipts against shares of the 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.

 

2.6             
Lost Receipts, etc.

 

In case any Receipt shall be mutilated, destroyed,
lost or stolen, the Depositary in its discretion may, absent notice to the Depositary that such Receipt has been acquired by a
bona fide purchaser, execute and deliver 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, only 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 open penalty surety
bond or other indemnity 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.

 

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.

 

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2.8             
Redemption of the Preferred Stock.

 

Whenever the Corporation shall be permitted
and shall elect to redeem shares of the 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 thirty-five
(35) days and not more than sixty (60) days prior to the Redemption Date (as defined below), notice of the date of such proposed
redemption of shares of the Preferred Stock and of the number of such shares held by the Depositary to be so redeemed and the applicable
redemption price, which notice shall be accompanied by a certificate from the Corporation stating that such redemption of shares
of the Preferred Stock is in accordance with the provisions of the Certificate of Designations. On the date of such redemption,
provided that the Corporation shall then have paid or caused to be paid in full to Computershare the redemption price of $1,000
per share of the Preferred Stock to be redeemed, plus an amount equal to any declared and unpaid dividends thereon to the date
fixed for redemption to be redeemed, in accordance with the provisions of the Certificate of Designations, the Depositary shall
redeem the number of Depositary Shares representing such shares of the Preferred Stock. The Depositary shall, if requested in writing
and provided with all necessary information, transmit the notice of the Corporation’s redemption of shares of the Preferred
Stock and the proposed simultaneous redemption of the number of Depositary Shares representing such shares of the 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 thirty
(30) days and not more than sixty (60) days prior to the date fixed for redemption of such shares of the 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 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). In any such case, the Depositary Shares shall only be redeemed in increments of
40 shares and any integral multiple thereof.

 

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 shares of the Preferred Stock evidenced by the Depositary Shares called for redemption) (i) all dividends on
the shares of the 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 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 one-fortieth (1/40th)
of the redemption price per share of the Preferred Stock so redeemed plus all money and other property, if any, represented by
such Depositary Shares, including all amounts paid by the Corporation in respect of dividends which on the Redemption Date have
been declared on the shares of the Preferred Stock to be so redeemed and have not theretofore been paid (it being understood that,
in accordance with the provisions of the Certificate of Designations, any declared but unpaid dividends payable on a Redemption
Date that occurs subsequent to the record date fixed pursuant to Section 4.4 for a dividend period shall not be paid to the Holder
of a Receipt entitled to receive the redemption price on the Redemption Date, but rather shall be paid to the Holder of such Receipt
on such record date).

 

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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 payment, a new Receipt evidencing the Depositary Shares evidenced by such prior
Receipt and not called for redemption; provided, however, that the Depositary shall not issue any Receipt evidencing a fractional
Depositary Share.

 

2.9             
Receipts Issuable in Global Registered Form.

 

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, which (i) shall
represent, and shall be denominated in an amount equal to the aggregate number of Depositary Shares 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.

 

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 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, (i) 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 (ii) 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.

 

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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 the individual definitive registered Receipts in exchange for such
Global Registered Receipt, execute and deliver, individual definitive registered Receipts, in authorized denominations and of like
terms in an aggregate number of Depositary Shares equal to the aggregate number of Depositary Shares represented by the Global
Registered Receipt in exchange for such Global Registered Receipt. The Depositary shall have no duties, obligations or liability
under this paragraph unless and until such written order have been received by the Depositary.

 

Definitive registered Receipts issued in exchange
for a Global Registered Receipt pursuant to this Section 2.9 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.

 

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 each Letter of Representations.

 

2.10           
Receipt of Funds.

 

All funds received by Computershare under
this Deposit Agreement that are to be distributed or applied by Computershare in the performance of Services (the “Funds”)
shall be held by Computershare as agent for the Corporation and deposited in one or more bank accounts to be maintained by Computershare
in its name as agent for the Corporation. Until paid pursuant to this Deposit Agreement, Computershare may hold or invest the Funds
through such accounts in: (i) obligations of, or guaranteed by, the United States of America, (ii) commercial paper obligations
rated A-1 or P-1 or better by Standard & Poor’s Corporation (“S&P”) or Moody’s Investors
Service, Inc. (“Moody’s”), respectively, (iii) money market funds that comply with Rule 2a-7 of the Investment
Company Act of 1940, or (iv) demand deposit accounts, short term certificates of deposit, bank repurchase agreements or bankers’
acceptances, of commercial banks with Tier 1 capital exceeding $1 billion or with an average rating above investment grade by S&P
(LT Local Issuer Credit Rating), Moody’s (Long Term Rating) and Fitch Ratings, Inc. (LT Issuer Default Rating) (each as reported
by Bloomberg Finance L.P.). The Corporation shall have no responsibility or liability for any diminution of the Funds that may
result from any deposit or investment made by Computershare in accordance with this paragraph, except for any losses resulting
from a default by any bank, financial institution or other third party. Computershare may from time to time receive interest, dividends
or other earnings in connection with such deposits or investments. Computershare shall not be obligated to pay such interest, dividends
or earnings to the Corporation, any holder or any other party.

 

    -11-

     

    

 

ARTICLE
III

Certain Obligations of Holders of

Receipts and the Corporation

 

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 withhold or delay
the withdrawal of shares of the Preferred Stock represented by the Depositary Shares and evidenced by a Receipt or the distribution
of any dividend or other distribution or the sale of any rights or of the proceeds thereof until such proof or other information
is filed or such certificates are executed or such representations and warranties are made.

 

3.2             
Payment of Taxes or Other Governmental Charges.

 

Holders of Receipts shall be obligated to
make payments to the Depositary of certain taxes, charges and expenses, as provided in Section 5.7. Registration of transfer of
any Receipt or any withdrawal of shares of the 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 shares of the 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.

 

3.3             
Warranty as to the Preferred Stock.

 

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

 

3.4             
Warranty as to Receipts.

 

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

 

    -12-

     

    

 

ARTICLE
IV

The Deposited Securities; Notices

 

4.1             
Cash Distributions.

 

Whenever Computershare shall receive any cash
dividend or other cash distribution on the Preferred Stock, Computershare shall, subject to Sections 3.1 and 3.2 and, if received,
in accordance with 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
Computershare shall be required to withhold and shall withhold from any cash dividend or other cash distribution in respect of
the 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. Computershare 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 attributing to any Holder of Receipts a fraction of one cent, and any balance not so distributable shall be held by Computershare
(without liability for interest thereon) and shall be added to and be treated as part of the next sum received by Computershare
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 or other appropriate form, 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 to such Holder
hereunder.

 

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 Preferred Stock, the Depositary shall, subject to Sections
3.1 and 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 are, as nearly as practicable, in proportion to the respective numbers of Depositary Shares evidenced
by such Receipts held by such Holders, in any manner that the Depositary (with the approval of the Corporation) may deem equitable
and practicable for accomplishing such distribution. If in the opinion of 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) the Depositary deems, after consultation with the Corporation, such distribution not
to be feasible, the Depositary may, with the approval of the Corporation, 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 Sections
3.1 and 3.2, be distributed or made available for distribution, as the case may be, by Computershare 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 such
securities or property to the Depositary and the Depositary shall not make any distribution of such securities or property to the
Holders of Receipts unless the Corporation shall have provided an opinion of counsel stating that such securities or property have
been registered under the Securities Act or do not need to be registered in connection with such distributions.

 

    -13-

     

    

 

4.3             
Subscription Rights, Preferences or Privileges.

 

If the Corporation shall at any time offer
or cause to be offered to the Persons in whose names shares of the 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 direct and the Depositary
shall agree, either by the issue to such Record Holders of warrants representing such rights, preferences or privileges or by such
other method as may be approved by the Corporation in its discretion with the acknowledgement of the Depositary; 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 acknowledgement
of the Depositary, in any case where the Corporation has 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 Computershare and, if received, in accordance with the written instructions
of the Corporation and, subject to Sections 3.1 and 3.2, be distributed by Computershare to the Record Holders of Receipts entitled
thereto as provided by Section 4.1 in the case of a distribution received in cash.

 

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 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 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
to the effect that (i) the offering and sale of such securities to the Holders are exempt from registration under the provisions
of the Securities Act, and (ii) such securities are validly issued, fully paid and non-assessable.

 

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.

 

    -14-

     

    

 

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 Preferred Stock, or whenever the Depositary shall receive notice of any meeting at which holders
of the Preferred Stock are entitled to vote or of which holders of the 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 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.

 

4.5             
Voting Rights.

 

Subject to the provisions of the Certificate
of Designations, upon receipt of notice from the Corporation of any meeting at which the holders of the 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 fixed pursuant to 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 the 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
the 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 shares of the Preferred Stock or cause such shares to be voted. In the absence of specific
instructions from Holders of Receipts, the Depositary will not vote (but, at its discretion, may appear at any meeting with respect
to the Preferred Stock unless directed to the contrary by the Holders of all the Receipts) to the extent of the shares of the Preferred
Stock represented by the Depositary Shares evidenced by such Receipts. The Depositary shall not be required to exercise discretion
in voting any Preferred Stock represented by the Depositary Shares evidenced by such Receipt.

 

    -15-

     

    

 

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

 

Upon any change in liquidation preference,
split-up, combination or any other reclassification of the Preferred Stock, subject to the provisions of 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 (a) the fraction of an interest represented by one Depositary Share in one share of the Preferred
Stock and (b) the ratio of the redemption price per Depositary Share to the redemption price per share of the Preferred Stock,
in each case 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 Preferred Stock as new deposited securities or property
so received in exchange for or upon conversion or in respect of such Preferred Stock. In any such case, the Depositary shall, upon
receipt of written 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 liquidation preference, split-up, combination or other reclassification of the 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 shares of the 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 shares of the Preferred Stock represented by such Receipts might have
been converted or for which such shares might have been exchanged or surrendered immediately prior to the effective date of such
transaction; provided, that the Depositary shall not have any obligations under this sentence unless and until it has received
written instructions from the Corporation.

 

4.7             
Delivery of Receipts.

 

The Depositary shall, at the direction and
expense of the Corporation, furnish to Holders of Receipts 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 Preferred Stock.

 

4.8             
Lists of Receipt Holders.

 

Promptly upon request from time to time by
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.

 

    -16-

     

    

 

ARTICLE
V

The Depositary, the Depositary’s

Agents, The Registrar and the Corporation

 

5.1             
Appointment; Maintenance of Offices, Agencies and Transfer Books by the Depositary; Registrar.

 

The Corporation hereby appoints Computershare
and Trust Company to jointly act as Depositary in accordance with the terms and conditions hereof, and Computershare and Trust
Company jointly accept this appointment.

 

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.

 

The Depositary shall keep books at the Depositary’s
Office for the registration and registration of transfer of Receipts. Upon direction by the Corporation and with reasonable notice
to the Depositary, the Registrar shall, at reasonable times during regular business hours, open its books for inspection by the
Record Holders of Receipts as directed by the Corporation; provided that any record Holder shall be granted such right by
the Corporation only after certifying 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.

 

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.

 

If the Receipts or the Depositary Shares evidenced
thereby or the shares of the 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 written request or with the written approval of the Corporation. If the Receipts, such Depositary Shares
or the 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, such Depositary Shares or the Preferred Stock as may be required by law or applicable securities exchange regulation.

 

    -17-

     

    

 

5.2             
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 any Transfer Agent nor the Corporation, as the case may be, shall incur any liability to any Holder
of Receipts or any beneficial owner, if by reason of any provision of any present or future law, or regulation thereunder, of the
United States of America or of any other governmental authority or, in the case of the Depositary, the Depositary’s Agent
or the Registrar or any Transfer Agent, as the case may be, by reason of any provision, present or future, of the Corporation’s
Amended and Restated Certificate of Incorporation (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,
the Transfer Agent 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, any Transfer Agent or the Corporation, as the case may be,
incur liability to any Holder of a Receipt or any beneficial owner (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.

 

5.3             
Obligations of the Depositary, the Depositary’s Agents, the Registrar, Transfer Agent and the Corporation.

 

The Corporation does not assume any obligation
and shall not be subject to any liability under this Deposit Agreement or any Receipt to holders of Receipts other than for its
gross negligence, willful misconduct or bad faith (each as determined by a final non-appealable judgment of a court of competent
jurisdiction). Neither the Depositary nor any Depositary’s Agent nor any Registrar or Transfer Agent, as the case may be,
assumes any obligation or shall be subject to any liability under this Deposit Agreement to Holders of Receipts, the Corporation
or to any other Person other than for its gross negligence, willful misconduct, or bad faith (each as determined by a final non-appealable
judgment of a court of competent jurisdiction). Notwithstanding anything in this Deposit Agreement to the contrary, neither the
Depositary, nor the Depositary’s Agent nor any Registrar nor any 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. Any liability of the Depositary, any Depositary’s Agent or the Registrar or Transfer Agent, as the
case may be, under this Deposit Agreement will be limited in the aggregate to an amount equal to the annual fees paid by the Corporation
to such Person, but not including reimbursable expenses; provided, however, that in the event that such liability arises as a result
of bad faith, willful misconduct or fraud 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 Depositary, agent, Registrar or Transfer Agent, as the case may be (each as determined by a final
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 bad faith, willful misconduct
or fraud.

 

    -18-

     

    

 

Neither the Depositary nor any Depositary’s
Agent nor any Registrar nor any Transfer Agent 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 Preferred Stock, the Depositary Shares or the Receipts
which in its opinion may involve it in expense or liability unless indemnity satisfactory to it against all expense and liability
be furnished as often as may be required.

 

Neither the Depositary nor any Depositary’s
Agent nor any Registrar nor any 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 the written advice of legal counsel or accountants, or information from any Person presenting the
shares of the Preferred Stock for deposit, any Holder of a Receipt or any other Person believed by it in the absence of bad faith,
gross negligence, or willful misconduct (each as determined by a final non-appealable judgment of a court of competent jurisdiction)
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 respect of any action taken, suffered or omitted
to be taken by it upon any written notice, request, direction or other document believed by it in the absence of bad faith, gross
negligence, or willful misconduct (each as determined by a final non-appealable judgment of a court of competent jurisdiction),
to be genuine and to have been signed or presented by the proper party or parties.

 

The Depositary, the Depositary’s Agents,
any Transfer Agent or Registrar, 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 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 in bad faith, willful misconduct or gross negligence (each as determined by a final 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, any
Depositary’s Agent, Registrar or any Transfer Agent.

 

The Depositary, its parent, Affiliates, or
subsidiaries, any Depositary’s Agents, and any Transfer Agent and any 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.

 

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 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.

 

    	 	-19-	 

     

    

 

In the event the Depositary, the Depositary’s
Agents, any Transfer Agent or Registrar, as the case may be, 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, 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 of the Corporation which eliminates such ambiguity or uncertainty 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.

 

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 5.6 hereof
in connection with any action so taken.

 

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
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 Preferred Stock or Depositary
Shares.

 

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 Depositary makes no warranties or representations as to the validity or genuineness of the 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 (except
as to due authorization and due execution by the Depositary), 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.

 

    	 	-20-	 

     

    

 

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 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; provided that the Depositary is responsible for any and all of its representations in this Deposit Agreement.

 

The Depositary, any Depositary’s Agent,
Transfer Agent, and Registrar 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, 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 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 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 omitting to act upon the written, telephonic, electronic and oral instructions
given in accordance with this Deposit Agreement, with respect to any matter relating to its actions as Depositary, Transfer Agent
or Registrar covered by this Deposit Agreement (or supplementing or qualifying any such actions), of officers of the Corporation;

 

(vi) may
consult counsel satisfactory to it, and the advice of such counsel shall be full and complete authorization and protection in respect
of any action taken, suffered or omitted by the Depositary hereunder in accordance with the advice of such counsel;

 

    	 	-21-	 

     

    

 

(vii) except
as specifically set forth herein, shall not be called upon at any time to advise any Person with respect to the Preferred Stock,
Depositary Shares or Receipts;

 

(viii) shall
not be liable or responsible for any recital or statement contained in any documents relating hereto or to the Preferred Stock,
the Depositary Shares or Receipts (except its countersignature hereof and thereof);

 

(ix) shall
not be liable in any respect on account of the identity, authority or rights of the parties (other than the Depositary) executing
or delivering or purporting to execute or deliver this Deposit Agreement or any documents or papers deposited or called for under
this Deposit Agreement; and

 

(x) shall not be liable for any delays or
failures in performance resulting from acts beyond its control including, without limitation, acts of God, terrorist acts, shortage
of supply, pandemics, epidemics, 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.

 

The terms of this Section 5.3 shall survive
the replacement, removal or resignation of any Depositary, Registrar, Transfer Agent or Depositary’s Agent or termination
of this Deposit Agreement.

 

5.4             
Resignation and Removal of the Depositary; Appointment of Successor Depositary.

 

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.

 

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.

 

In case at any time the Depositary acting
hereunder shall resign or be removed, the Corporation shall, within sixty (60) days after the delivery of the notice of resignation
or removal, as the case may be, appoint a successor Depositary, which shall be (i) 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 or (ii)
an Affiliate of any such Person. If no successor Depositary shall have been so appointed and have accepted appointment within sixty
(60) days after delivery of such notice, the resigning or removed Depositary may, at the Corporation’s expense, 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 shares of the 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. Any successor Depositary shall promptly mail or transmit by such other method approved by such successor
Depositary, in its reasonable discretion, notice of its appointment to the Record Holders of Receipts.

 

    	 	-22-	 

     

    

 

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.

 

The removal or resignation of the Depositary
shall automatically be deemed to be a removal of the Depositary as Registrar and Transfer Agent herein without any further act
or deed.

 

5.5             
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 Preferred Stock, the Depositary Shares or the Receipts are listed or by the Corporation’s Amended
and Restated Certificate of Incorporation (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 in writing by the Corporation.

 

5.6             
Indemnification by the Corporation.

 

Notwithstanding Section 5.3 to the contrary,
the Corporation shall indemnify the Depositary, any Depositary’s Agent, 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, damage,
cost, penalty, fine, judgment, liability or expense (including the reasonable costs and expenses of its legal counsel) which may
arise out of actions 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 by the
Depositary, Depositary’s Agent, Registrar or Transfer Agent, as the case may be, of this Deposit Agreement) and the Receipts
by the Depositary, any Transfer Agent, any Registrar or any of their respective agents (including any Depositary’s Agent),
except for any liability arising out of gross negligence, willful misconduct or bad faith (each as determined by a final 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 5.6 shall survive the termination of this Deposit Agreement and any
resignation, replacement, removal, or succession of any Depositary, Registrar, Transfer Agent or Depositary’s Agent.

 

    	 	-23-	 

     

    

 

5.7             
Fees, Charges and Expenses.

 

The Corporation agrees promptly to pay the
Depositary the compensation, as separately agreed upon with the Corporation, in accordance with such agreed upon terms, for all
services rendered by the Depositary, Depositary’s Agent, Transfer Agent and Registrar hereunder and to reimburse the Depositary
for its reasonable out-of-pocket expenses (including reasonable counsel fees and expenses) incurred by the Depositary, Depositary’s
Agent, Transfer Agent and Registrar without gross negligence, willful misconduct, bad faith (each as determined by a final non-appealable
judgment of a court of competent jurisdiction) on its part in connection with the services rendered by it (or any agent of the
Depositary) hereunder. The Corporation shall pay all charges of the Depositary in connection with the initial deposit of shares
of the Preferred Stock and the initial issuance of the Depositary Shares, all withdrawals of shares of the Preferred Stock by owners
of Depositary Shares, and any redemption or exchange of shares of the 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.

 

5.8             
Tax Compliance.

 

The Depositary, on its own behalf and on behalf
of the Corporation, will comply with all applicable certification, information reporting, and withholding (including “backup
withholding”) requirements imposed by applicable tax laws, regulations, or administrative practice with respect to (i) any
payments made with respect to the Depositary Shares or (ii) the issuance, delivery, holding, transfer, redemption, or exercise
of rights under the Receipts or the Depositary Shares. Such compliance shall include, without limitation, the preparation and timely
filing of required returns and the timely payment of all amounts required to be withheld to the appropriate taxing authority or
its designated agent. The Depositary shall comply with any direction received from the Corporation with respect to the application
of such requirements to particular payments or holders or in other particular circumstances and may, for purposes of this Deposit
Agreement, rely on any such direction in accordance with the provisions of Section 5.3 hereof. The Depositary shall maintain all
appropriate records documenting compliance with such requirements, and shall make such records available on request to the Corporation
or to its authorized representatives.

 

    	 	-24-	 

     

    

 

ARTICLE
VI

Amendment and Termination

 

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, Registrar or Transfer Agent) 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 two-thirds 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 Sections 2.5 and 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 shares of the 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 executed
by a duly authorized officer of the Corporation that states that the proposed amendment is in compliance with the terms of this
Section 6.1.

 

6.2             
Termination.

 

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 (30) days prior to the date fixed in such notice for such termination, the Depositary will mail or otherwise transmit 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 Preferred Stock, and shall continue to deliver the Preferred 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 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 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 and shall continue
to be entitled to its protections set forth herein after termination of this Deposit Agreement so long as the Depositary continues
to provide services in connection with this Deposit Agreement. Nothing contained in this Section 6.2 shall impede the Depositary’s
right to resign under this Deposit Agreement.

 

    	 	-25-	 

     

    

 

Subject to the first paragraph of this Section
6.2, this Deposit Agreement may be terminated by the Corporation or the Depositary only if (i) all outstanding Depositary Shares
have been redeemed pursuant to Section 2.8; (ii) there shall have been made a final distribution in respect of the 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 4.2, as applicable; or (iii) upon the consent
of Holders of Receipts representing in the aggregate not less than two-thirds of the Depositary Shares outstanding.

 

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, any Transfer Agent and any Registrar under Sections 5.3, 5.6 and 5.7 (including as to any services
of the Depositary, any Depositary’s Agent and any Registrar that are necessary following and in connection with the termination
of this Deposit Agreement); provided further that Sections 5.3, 5.6 and 5.7 shall survive the termination of this Deposit
Agreement.

 

ARTICLE
VII

Miscellaneous

 

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.
Delivery of an executed counterpart of a signature page to this Deposit Agreement by facsimile, pdf or electronic mail (including
any signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signature and
Records Act or other applicable law, e.g., www.docusign.com) shall be effective as delivery of a manually executed counterpart
of this Deposit Agreement.

 

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.

 

    	 	-26-	 

     

    

 

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; provided, however, that if any such provision adversely affects the rights, duties, liabilities or obligations
of the Depositary, the Depositary shall be entitled to resign immediately upon written notice to the Corporation.

 

7.4             
Notices.

 

Any and all notices 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 recognized next day courier service or by electronic mail, confirmed by letter, addressed to the Corporation at:

 

First Midwest Bancorp, Inc.

8750 West Bryn Mawr Avenue, Suite 1300

Chicago, IL 60631

Attention: Corporate Secretary

Email: Steven.Babinski@firstmidwest.com

 

with a copy to:

 

Sullivan & Cromwell LLP

125 Broad Street

New York, NY 10004

Attention:   Mark Menting

                    Cathy Clarkin

Facsimile: (212) 558-4000

Email:   mentingm@sullcrom.com

              clarkinc@sullcrom.com

 

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

 

Any and all notices 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 recognized next day courier service or by facsimile transmission or electronic mail, confirmed by letter, addressed
to the Depositary at the Depositary’s Office at:

 

Computershare Inc.

Computershare Trust Company, N.A.,

150 Royall Street,

Canton, Massachusetts 02021

Attention: Corporate Actions

Facsimile No.: (781) 575-3146

 

    	 	-27-	 

     

    

 

With a copy to:

 

Computershare Inc.

Computershare Trust Company, N.A.,

150 Royall Street,

Canton, Massachusetts 02021

Attention: General Counsel

Facsimile No.: (781) 575-4210

 

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

 

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
delivered or sent by mail, recognized next day courier services, facsimile transmission or electronic mail, 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 written request that notices intended for such Holder be mailed to some other address,
at the address designated in such request; or in the case of any Global Receipt Depository, in accordance with its applicable procedures
and arrangements for notices.

 

Delivery of a notice sent by mail or as provided
in this Section 7.4 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 or electronic mail) is deposited, postage prepaid, in a post office letter box;
provided, that notice to a Global Receipt Depository shall be deemed to be effected at the time such notice is delivered
or made as provided in this Section 7.4; provided, further, that the Depositary or the Corporation may, however,
act upon any facsimile transmission or electronic mail received by it from the other or from any Holder of a Receipt, notwithstanding
that such facsimile transmission or electronic mail shall not subsequently be confirmed by letter or as aforesaid.

 

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.

 

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

 

The Corporation hereby appoints the Trust
Company and Computershare, acting jointly, as Registrar, Transfer Agent, dividend disbursing agent and redemption agent in respect
of the Receipts and shares of the Preferred Stock deposited with the Depositary hereunder, and the Trust Company and Computershare
hereby accept their 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 Preferred Stock held by it by notation,
book-entry or other appropriate method. With respect to the appointments of Trust Company and Computershare as Registrar, Transfer
Agent, dividend disbursing agent and redemption agent in respect of the Receipts and shares of the Preferred Stock deposited with
the Depositary hereunder, Trust Company and Computershare shall be entitled to the same rights, indemnities, immunities and benefits
as the Depositary hereunder as if explicitly named in each such provision.

 

    	 	-28-	 

     

    

 

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.

 

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.

 

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.

 

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 hereto 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.

 

7.11           
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. However, each party may disclose relevant aspects of the other party’s confidential
information to its officers, affiliates, agents, subcontractors and employees to the extent reasonably necessary to perform its
duties and obligations under this Deposit Agreement and such disclosure is not prohibited by applicable law. To avoid doubt, the
parties hereto shall not be required to keep the terms of this Deposit Agreement confidential.

 

    	 	-29-	 

     

    

 

7.12           
Further Assurances.

 

The Corporation shall perform, acknowledge
and deliver or cause to be performed, acknowledged and delivered all such further and other acts, documents, instruments and assurances
as may be reasonably required by the Depositary for the carrying out or performing by the Depositary of the provisions of this
Deposit Agreement.

 

 

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

 

    	 	-30-	 

     

    

 

IN WITNESS WHEREOF, the Corporation and the
Depositary 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.

 

	 	FIRST MIDWEST BANCORP, INC.
	 	 
	 	By	/s/ Nicholas J. Chulos
	 	 	Name:	Nicholas J. Chulos
	 	 	Title:	Executive Vice President, General Counsel and Corporate Secretary

 

 

	 	COMPUTERSHARE INC. and COMPUTERSHARE TRUST COMPANY, N.A., jointly as Depositary and as Transfer Agent and Registrar
	 	 
	 	By	/s/ John H. Ruocco
	 	 	Name:	John H. Ruocco
	 	 	Title:	VP & Manager

 

[Signature page to Deposit Agreement]

 

     

     

    

 

EXHIBIT A:

 

FORM OF RECEIPT

 

[FORM OF FACE OF RECEIPT]

 

Unless this receipt is presented by an authorized representative
of The Depository Trust Company, a New York corporation (“DTC”), to First Midwest Bancorp, Inc. or its agent for registration
of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name
as 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.

 

DEPOSITARY SHARES

 

DEPOSITARY RECEIPT FOR           DEPOSITARY SHARES,

EACH REPRESENTING A 1/40TH INTEREST IN ONE SHARE OF

FIXED RATE NON-CUMULATIVE PERPETUAL

PREFERRED STOCK, SERIES C

 

OF

 

FIRST MIDWEST BANCORP, INC.

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

 

CUSIP 320867 500

SEE REVERSE FOR CERTAIN DEFINITIONS

 

Computershare, Inc. and Computershare Trust
Company, N.A., jointly as Depositary (collectively, the “Depositary”) hereby certify that Cede & Co. is
the registered owner of DEPOSITARY SHARES (“Depositary Shares”), each Depositary Share representing a 1/40th
interest in one share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C, without par value, liquidation preference
$1,000 per share (the “Preferred Stock”), of First Midwest Bancorp, Inc., a Delaware corporation (the “Corporation”),
on deposit with the Depositary, subject to the terms and entitled to the benefits of the Deposit Agreement dated June 24,
2020 (the “Deposit Agreement”), among the Corporation, the Depositary and the holders from time to time of the
Depositary 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 Depositary 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 in respect of the Depositary Receipts by the manual or facsimile signature of a duly authorized officer thereof.

 

    	 	A-1	 

     

    

 

Dated: ___________________, 20

 

	COMPUTERSHARE INC. and COMPUTERSHARE TRUST COMPANY,
as Depositary	 
	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

    	 	A-2	 

     

    

 

[FORM OF REVERSE OF RECEIPT]

 

FIRST MIDWEST BANCORP, INC.

 

FIRST MIDWEST BANCORP, INC. WILL FURNISH WITHOUT
CHARGE TO EACH RECEIPTHOLDER WHO SO REQUESTS A COPY OF THE DEPOSIT AGREEMENT AND A COPY OR SUMMARY OF THE CERTIFICATE OF DESIGNATIONS
OF FIXED RATE NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES C, OF FIRST MIDWEST BANCORP, INC. 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 receiptholder 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 Transfer Agent.

 

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	U	Under
	CUST	Custodian for	GDNSHP	Guardianship	UA	Under agreement
	DEC	Declaration	MIN	Minor	UW	Under will of, Of will of, Under last will & testament
	EST	Estate, of Estate of	 	 	 	 

 

    	 	A-3	 

     

    

 

Assignment

 

For value received, ___________________________hereby
sell(s), assign(s) and transfers(s) unto

 

		 	 
	 	PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE	 

 

		 	 
	 	PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL 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 an eligible
guarantor institution (banks, stockbrokers, savings and loan associations, and credit unions with membership in an approved signature
guarantee medallion program), pursuant to Rule 17Ad-15 under the Securities Exchange Act of 1934.

 

    	 	A-4EX-4.1

 Exhibit 4.1 

INDENTURE FOR SUBORDINATED DEBT 

HORIZON BANCORP, INC. 

AS ISSUER 
 AND 

WILMINGTON TRUST, NATIONAL ASSOCIATION 

AS TRUSTEE 
 DATED AS OF
JUNE 24, 2020 
 SUBORDINATED DEBT SECURITIES 

 CROSS-REFERENCE SHEET* 

between 
 Provisions of Sections
310 through 318 of the Trust Indenture Act of 1939, as amended, and the within Indenture between Horizon Bancorp, Inc. and Wilmington Trust, National Association, as Trustee: 
  

			
	SECTION OF ACT	 	SECTION OF INDENTURE
		
	310(a)(1), (2) and (5)	 	7.09
	310(a)(3) and (4)	 	Not applicable
	310(b)	 	7.08 and 7.10
	311(a) and (b)	 	7.13
	312(a)	 	5.01 and 5.02(a)
	312(b) and (c)	 	5.02(b)
	313(a)	 	5.04(a)
	313(b)(1)	 	Not applicable
	313(b)(2) and (c)	 	5.04(b)
	313(d)	 	5.04(c)
	314(a)(1), (2) and (3)	 	5.03
	314(a)(4)	 	4.04
	314(b)	 	Not applicable
	314(c)(1) and (2)	 	14.04
	314(c)(3)	 	Not applicable
	314(d)	 	Not applicable
	314(e)	 	15.05
	314(f)	 	Not applicable
	315(a), (c) and (d)	 	7.01
	315(b)	 	7.14
	315(e)	 	6.14
	316(a)(1)(A)	 	6.12
	316(a)(1)(B)	 	6.13
	316(a)(2)	 	Omitted
	316(a) last sentence	 	8.04
	316(b)	 	6.08
	316(c)	 	8.06
	317(a)(1)	 	6.03
	317(a)(2)	 	6.04
	317(b)	 	4.03(a)
	318(a)	 	15.07

  

	*	 This Cross-Reference Sheet is not part of the Indenture. 

 TABLE OF CONTENTS 

 

							
	 ARTICLE 1 DEFINITIONS
	  	 	1	 
			
	 SECTION 1.01
	  	 Definitions
	  	 	1	 
		
	 ARTICLE 2 ISSUE, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES
	  	 	5	 
			
	 SECTION 2.01
	  	 Amount Unlimited; Issuable in Series.
	  	 	5	 
	 SECTION 2.02
	  	 Form of Trustee’s Certificate of Authentication.
	  	 	6	 
	 SECTION 2.03
	  	 Form of Securities Generally; Establishment of Terms of Series
	  	 	6	 
	 SECTION 2.04
	  	 Securities in Global Form.
	  	 	9	 
	 SECTION 2.05
	  	 Denominations; Record Date; Payment of Interest
	  	 	9	 
	 SECTION 2.06
	  	 Execution, Authentication, Delivery and Dating of Securities.
	  	 	10	 
	 SECTION 2.07
	  	 Exchange and Registration of Transfer of Securities
	  	 	12	 
	 SECTION 2.08
	  	 Temporary Securities.
	  	 	14	 
	 SECTION 2.09
	  	 Mutilated, Destroyed, Lost or Stolen Securities.
	  	 	16	 
	 SECTION 2.10
	  	 Cancellation
	  	 	17	 
	 SECTION 2.11
	  	 Book-Entry Only System.
	  	 	17	 
		
	 ARTICLE 3 REDEMPTION OF SECURITIES
	  	 	18	 
			
	 SECTION 3.01
	  	 Redemption of Securities; Applicability of Section
	  	 	18	 
	 SECTION 3.02
	  	 Notice of Redemption; Selection of Securities.
	  	 	18	 
	 SECTION 3.03
	  	 Payment of Securities Called for Redemption.
	  	 	19	 
	 SECTION 3.04
	  	 Redemption Suspended During Event of Default.
	  	 	20	 
		
	 ARTICLE 4 PARTICULAR COVENANTS OF THE COMPANY
	  	 	20	 
			
	 SECTION 4.01
	  	 Payment of Principal, Premium and Interest
	  	 	20	 
	 SECTION 4.02
	  	 Offices for Notices and Payments, etc.
	  	 	20	 
	 SECTION 4.03
	  	 Provisions as to Paying Agent
	  	 	21	 
	 SECTION 4.04
	  	 Statement as to Compliance.
	  	 	22	 
	 SECTION 4.05
	  	 Corporate Existence.
	  	 	22	 
	 SECTION 4.06
	  	 Reserved.
	  	 	23	 
	 SECTION 4.07
	  	 Waiver of Covenants
	  	 	23	 
	 SECTION 4.08
	  	 Notice of Default
	  	 	23	 
		
	 ARTICLE 5 SECURITYHOLDER LISTS AND REPORTS BY THE COMPANY AND THE
TRUSTEE
	  	 	23	 
			
	 SECTION 5.01
	  	 Securityholder Lists.
	  	 	23	 
	 SECTION 5.02
	  	 Preservation and Disclosure of Lists
	  	 	23	 
	 SECTION 5.03
	  	 Reports by the Company.
	  	 	24	 
	 SECTION 5.04
	  	 Reports by the Trustee.
	  	 	24	 
		
	 ARTICLE 6 REMEDIES
	  	 	25	 
			
	 SECTION 6.01
	  	 Events of Default; Acceleration of Maturity
	  	 	25	 
	 SECTION 6.02
	  	 Rescission and Annulment.
	  	 	26	 

  
 i 

							
	 SECTION 6.03
	  	 Collection of Indebtedness and Suits for Enforcement by Trustee
	  	 	27	 
	 SECTION 6.04
	  	 Trustee May File Proofs of Claim
	  	 	27	 
	 SECTION 6.05
	  	 Trustee May Enforce Claims Without Possession of Securities.
	  	 	28	 
	 SECTION 6.06
	  	 Application of Money Collected.
	  	 	28	 
	 SECTION 6.07
	  	 Limitation on Suits.
	  	 	29	 
	 SECTION 6.08
	  	 Unconditional Right of Securityholders to Receive Principal and Interest.
	  	 	29	 
	 SECTION 6.09
	  	 Restoration of Rights and Remedies.
	  	 	29	 
	 SECTION 6.10
	  	 Rights and Remedies Cumulative.
	  	 	30	 
	 SECTION 6.11
	  	 Delay or Omission Not Waiver
	  	 	30	 
	 SECTION 6.12
	  	 Control by Securityholders.
	  	 	30	 
	 SECTION 6.13
	  	 Waiver of Past Defaults.
	  	 	31	 
	 SECTION 6.14
	  	 Undertaking for Costs.
	  	 	31	 
	 SECTION 6.15
	  	 Waiver of Stay or Extension Laws
	  	 	31	 
		
	 ARTICLE 7 CONCERNING THE TRUSTEE
	  	 	32	 
			
	 SECTION 7.01
	  	 Duties and Responsibilities of Trustee
	  	 	32	 
	 SECTION 7.02
	  	 Reliance on Documents, Opinions, etc.
	  	 	33	 
	 SECTION 7.03
	  	 No Responsibility for Recitals, etc
	  	 	34	 
	 SECTION 7.04
	  	 Ownership of Securities.
	  	 	34	 
	 SECTION 7.05
	  	 Moneys to be Held in Trust
	  	 	34	 
	 SECTION 7.06
	  	 Compensation and Expenses of Trustee.
	  	 	35	 
	 SECTION 7.07
	  	 Officers’ Certificate as Evidence.
	  	 	35	 
	 SECTION 7.08
	  	 Disqualifications; Conflicting Interest of Trustee
	  	 	36	 
	 SECTION 7.09
	  	 Eligibility of Trustee.
	  	 	36	 
	 SECTION 7.10
	  	 Resignation or Removal of Trustee
	  	 	36	 
	 SECTION 7.11
	  	 Acceptance by Successor Trustee.
	  	 	37	 
	 SECTION 7.12
	  	 Successor by Merger, etc.
	  	 	38	 
	 SECTION 7.13
	  	 Limitations on Rights of Trustee as Creditor.
	  	 	38	 
	 SECTION 7.14
	  	 Notice of Default
	  	 	38	 
	 SECTION 7.15
	  	 Appointment of Authenticating Agent
	  	 	39	 
		
	 ARTICLE 8 CONCERNING THE SECURITYHOLDERS
	  	 	40	 
			
	 SECTION 8.01
	  	 Action by Securityholders
	  	 	40	 
	 SECTION 8.02
	  	 Proof of Execution by Securityholders.
	  	 	41	 
	 SECTION 8.03
	  	 Who Are Deemed Absolute Owners
	  	 	41	 
	 SECTION 8.04
	  	 Company-Owned Securities Disregarded.
	  	 	42	 
	 SECTION 8.05
	  	 Revocation of Consents; Future Securityholders Bound.
	  	 	42	 
	 SECTION 8.06
	  	 Record Date
	  	 	42	 
		
	 ARTICLE 9 SECURITYHOLDERS’ MEETINGS
	  	 	43	 
			
	 SECTION 9.01
	  	 Purposes of Meeting
	  	 	43	 
	 SECTION 9.02
	  	 Call of Meetings by Trustee.
	  	 	43	 
	 SECTION 9.03
	  	 Call of Meetings by Company or Securityholders.
	  	 	43	 
	 SECTION 9.04
	  	 Qualifications for Voting.
	  	 	44	 
	 SECTION 9.05
	  	 Regulations
	  	 	44	 
	 SECTION 9.06
	  	 Voting
	  	 	44	 

  
 ii 

							
	 ARTICLE 10 SUPPLEMENTAL INDENTURES
	  	 	45	 
			
	 SECTION 10.01
	  	 Supplemental Indentures without Consent of Securityholders.
	  	 	45	 
	 SECTION 10.02
	  	 Supplemental Indentures with Consent of Holders
	  	 	46	 
	 SECTION 10.03
	  	 Compliance with Trust Indenture Act; Effect of Supplemental Indentures
	  	 	47	 
	 SECTION 10.04
	  	 Notation on Securities.
	  	 	47	 
		
	 ARTICLE 11 CONSOLIDATION, MERGER, SALE OR CONVEYANCE
	  	 	47	 
			
	 SECTION 11.01
	  	 Company May Consolidate, etc., on Certain Terms.
	  	 	47	 
	 SECTION 11.02
	  	 Successor Corporation Substituted.
	  	 	48	 
	 SECTION 11.03
	  	 Opinion of Counsel and Officers’ Certificate to be Given Trustee.
	  	 	48	 
		
	 ARTICLE 12 SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS
	  	 	48	 
			
	 SECTION 12.01
	  	 Discharge of Indenture.
	  	 	48	 
	 SECTION 12.02
	  	 Deposited Moneys to be Held in Trust by Trustee.
	  	 	49	 
	 SECTION 12.03
	  	 Paying Agent to Repay Moneys Held.
	  	 	49	 
	 SECTION 12.04
	  	 Return of Unclaimed Moneys.
	  	 	49	 
		
	 ARTICLE 13 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND
DIRECTORS
	  	 	50	 
			
	 SECTION 13.01
	  	 Indenture and Securities Solely Corporate Obligations.
	  	 	50	 
		
	 ARTICLE 14 DEFEASANCE AND COVENANT DEFEASANCE
	  	 	50	 
			
	 SECTION 14.01
	  	 Applicability of Article.
	  	 	50	 
	 SECTION 14.02
	  	 Defeasance and Discharge.
	  	 	50	 
	 SECTION 14.03
	  	 Covenant Defeasance.
	  	 	51	 
	 SECTION 14.04
	  	 Conditions to Defeasance or Covenant Defeasance
	  	 	51	 
	 SECTION 14.05
	  	Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions	  	 	53	 
		
	 ARTICLE 15 MISCELLANEOUS PROVISIONS
	  	 	53	 
			
	 SECTION 15.01
	  	 Benefits of Indenture Restricted to Parties and Securityholders
	  	 	53	 
	 SECTION 15.02
	  	 Provisions Binding on Company’s Successors.
	  	 	54	 
	 SECTION 15.03
	  	 Addresses for Notices, etc., to Company and Trustee.
	  	 	54	 
	 SECTION 15.04
	  	 Notice to Holders of Securities; Waiver.
	  	 	54	 
	 SECTION 15.05
	  	 Evidence of Compliance with Conditions Precedent
	  	 	55	 
	 SECTION 15.06
	  	 Legal Holidays.
	  	 	55	 
	 SECTION 15.07
	  	 Trust Indenture Act to Control.
	  	 	55	 
	 SECTION 15.08
	  	 Execution in Counterparts
	  	 	56	 
	 SECTION 15.09
	  	 Governing Law; Jurisdiction; Waiver of Trial by Jury.
	  	 	56	 
	 SECTION 15.10
	  	 Separability Clause
	  	 	56	 
		
	 ARTICLE 16 SUBORDINATION OF SECURITIES
	  	 	56	 
			
	 SECTION 16.01
	  	 Securities Subordinate to Senior Indebtedness.
	  	 	56	 

  
 iii 

 THIS INDENTURE FOR SUBORDINATED DEBT, dated as of June 24, 2020, between Horizon
Bancorp, Inc., a corporation duly organized and existing under the laws of the State of Indiana (the “Company”), and Wilmington Trust, National Association, a national banking association, as trustee (the “Trustee,”
which term shall include any successor trustee appointed pursuant to Article 7 of this Indenture). 
 WHEREAS, the Company deems it
necessary to issue from time to time for its lawful purposes securities (the “Securities”) evidencing its unsecured indebtedness and has duly authorized the execution and delivery of this Indenture to provide for the issuance of the
Securities in one or more series, unlimited as to principal amount, to bear such rates of interest, to mature at such time or times, and to have such other provisions as shall be fixed as hereinafter provided; and 

WHEREAS, the Company represents that all acts and things necessary to constitute these presents a valid indenture and agreement according to
its terms have been done and performed, and the execution of this Indenture has in all respects been duly authorized, and the Company, in the exercise of legal right and power in it vested, is executing this Indenture; 

NOW, THEREFORE: 
 In order to
declare the terms and conditions upon which the Securities are authenticated, issued and received, and in consideration of the premises, of the purchase and acceptance of the Securities by the holders thereof, the Company covenants and agrees with
the Trustee, for the equal and proportionate benefit of the respective holders from time to time of the Securities, as follows: 
 ARTICLE
1 
 DEFINITIONS 

SECTION 1.01     Definitions. 

The terms defined in this Section (except as herein otherwise expressly provided or unless the context otherwise requires) for all purposes of
this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section. All other terms used in this Indenture that are defined in the Trust Indenture Act of 1939 or that are by reference therein defined
in the Securities Act of 1933 shall have the meanings (except as herein otherwise expressly provided or unless the context otherwise requires) assigned to such terms in the Trust Indenture Act of 1939 and in the Securities Act of 1933 as in force at
the date of this Indenture as originally executed. All accounting terms used herein and not expressly defined shall have the meanings assigned to such terms in accordance with generally accepted accounting principles, and the term “generally
accepted accounting principles” means such accounting principles as are generally accepted at the time of any computation. The words “herein,” “hereof” and “hereunder” and other words of similar import refer to
this Indenture as a whole and not to any particular Article, Section or other subdivision. The terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular. 

“Additional Amounts” shall mean any additional amounts to be paid by the Company in respect of Securities of a series, as may
be specified pursuant to Section 2.03(b) hereof and in such Security and under the circumstances specified therein, in respect of specified taxes, assessments or other governmental charges imposed on certain holders who are United States
Aliens. 

  
 1 

 “Authorized Officer” shall have the meaning set forth in Section 3.02
hereof. 
 “Board of Directors” or “Board” shall mean the Board of Directors of the Company or any duly
authorized committee of such Board. 
 “Board Resolution” shall mean a resolution certified by the Secretary or an
Assistant Secretary of the Company to have been duly adopted by the Board of Directors or by a committee acting under authority of or appointment by the Board of Directors and to be in full force and effect on the date of such certification, and
delivered to the Trustee. 
 “Business Day” shall mean, unless otherwise specified pursuant to Section 2.03(b), with
respect to any Place of Payment or any other particular location referred to in this Indenture or in the Securities, a day that in the city (or in any one of the cities, if more than one) in which amounts are payable, as specified in the form of
such Security, is not a day on which banking institutions or trust companies are authorized or required by law or regulation or executive order to be closed. 

“Capital Stock” shall mean, as to shares of a particular corporation, outstanding shares of stock of any class, whether now
or hereafter authorized, irrespective of whether such class shall be limited to a fixed sum or percentage in respect of the rights of the holders thereof to participate in dividends and in the distribution of assets upon the voluntary liquidation,
dissolution or winding up of such corporation. 
 “Clearstream, Luxembourg” shall mean Clearstream Banking,
société anonyme, Luxembourg, or any successor thereof. 
 “Common Depositary” shall mean a non-U.S. Depositary designated by the Company pursuant to Section 2.08 hereof. 

“Commission” shall mean the Securities and Exchange Commission or any successor agency. 

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

“Company Request,” “Company Order” and “Company Consent” mean, respectively, a written
request, order or consent signed in the name of the Company by its Chief Executive Officer, Chief Financial Officer, Vice President, or General Counsel and delivered to the Trustee. 

“Corporate Trust Office,” or other similar term, shall mean the principal office of the Trustee at which at any particular
time this Indenture shall be administered, which office at the date hereof is located at, Rodney Square North, 1100 North Market Street, Wilmington, DE 19890-0001, Attention: Horizon Bancorp, Inc. Administrator, or such other address as the Trustee
may designate from time to time by notice to the Holders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Holders and
the Company). 
 “Default” or “default” shall have the meaning specified in Article 6. 

  
 2 

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

“Euroclear” shall mean Euroclear Bank, headquartered in Brussels, or any successor thereof, as the operator of the Euroclear
System. 
 “Event of Default” shall have the meaning specified in Article 6. 

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

“Exchange Date” shall have the meaning set forth in Section 2.08. 

“Holder,” “holder of Securities,” “securityholder” or other similar term shall mean in the
case of any Registered Security, the person in whose name such Security is registered in the Security Register kept by the Company for that purpose, in accordance with the terms hereof. 

“Indenture” shall mean this instrument as originally executed and delivered or as it may from time to time be supplemented or
amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including without limitation, the forms and terms of particular series of Securities established as contemplated by Article 2. 

“Officers’ Certificate” shall mean a certificate signed by the Chief Executive Officer, Chief Financial Officer, Vice
President, or General Counsel of the Company and delivered to the Trustee. 
 “Opinion of Counsel” shall mean an opinion in
writing signed by legal counsel, who may be an employee of or counsel to the Company and who shall be reasonably satisfactory to the Trustee, or who may be other counsel reasonably satisfactory to the Trustee. 

“Original Issue Discount Securities” shall mean any Securities that are initially sold at a discount from the principal
amount thereof and that provide upon an Event of Default for declaration of an amount less than the principal amount thereof to be due and payable upon acceleration thereof. 

“Outstanding” or “outstanding,” when used with reference to Securities, shall, subject to the provisions of
Section 7.08, Section 8.01 and Section 8.04, mean, as of any particular time, all Securities authenticated and delivered by the Trustee under this Indenture, except: 

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

(b)    Securities, or portions thereof, for the payment or redemption of which moneys in the necessary
amount shall have been deposited in trust with the Trustee or with any paying agent (other than the Company) or shall have been set aside and segregated and held in trust by the Company (if the Company shall act as its own paying agent) for the
holders of such Securities; provided, that if such Securities, or portions thereof, are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as provided in Article 3, or provision satisfactory to the
Trustee shall have been made for giving such notice; 
 (c)    Securities that have been defeased
pursuant to Section 14.02 hereof; and 

  
 3 

 (d)    Securities that have been paid pursuant to
Section 3.03, or Securities in exchange for, in lieu of and in substitution for which other Securities shall have been authenticated and delivered pursuant to the terms of Section 2.07, unless proof satisfactory to the Trustee is presented
that any such Securities are held by bona fide holders in due course. 
 “Periodic Offering” shall mean an offering of
Securities of a series, from time to time, the specific terms of which (including, without limitation, the rate or rates of interest or formula for determining the rate or rates of interest thereon, if any, the maturity date or dates thereof and the
redemption provisions, if any, with respect thereto) are to be determined by the Company upon the issuance of such Securities. 

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

“Place of Payment,” when used with respect to the Securities of any series, means the place or places where, subject to the
provisions of Section 4.02, the principal of (and premium, if any, on) and any interest on the Securities of that series are payable as specified as contemplated by Section 2.03(b). 

“possessions,” when used with respect to the United States, shall include Puerto Rico, the U.S. Virgin Islands, Guam,
American Samoa, Wake Island and Northern Mariana Islands. 
 “record date” as used with respect to any interest payment
date shall have the meaning specified in Section 2.05. 
 “Registered Security” shall mean any Security established
pursuant to Section 2.01 and Section 2.03(b) that is registered on the Security Register of the Company. 
 “Responsible
Officer,” when used with respect to the Trustee, shall mean any officer within the Corporate Trust Office of the Trustee (or any successor group of the Trustee), including any Vice President, Assistant Vice President, Assistant Secretary or
any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and also shall mean, with respect to a particular corporate trust matter, any other officer to whom such matter is
referred because of such officer’s knowledge of and familiarity with the particular subject and, in each case, who shall have direct responsibility for the administration of this Indenture. 

“Securities” shall have the meaning set forth in the preamble of this Indenture. 

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

“Security Register” and “Security Registrar” shall have the respective meanings set forth in
Section 2.07(a) hereof. 
 “Subsidiary” shall mean, in respect of any Person, any corporation, association,
partnership, limited liability company or other business entity of which more than 50% of the total voting power of shares of capital stock or other interests (including partnership interests) entitled (without regard to the occurrence of any
contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by (a) such Person, (b) such Person and one or more Subsidiaries of such Person or (c) one or
more Subsidiaries of such Person. 

  
 4 

 “Trust Indenture Act,” except as otherwise provided in this Indenture,
shall mean the Trust Indenture Act of 1939, as amended, as in force at the date of this Indenture as originally executed. 

“Trustee” shall mean the person identified as “Trustee” in the first paragraph hereof solely in its capacity as
such until the acceptance of appointment of a successor trustee pursuant to the provisions of Article 7, and thereafter shall mean such successor trustee. 

“United States Alien” shall mean any person who, for United States federal income tax purposes, is a foreign corporation, a non-resident alien individual, a non-resident alien fiduciary of a foreign estate or trust, or a foreign partnership to the extent that one or more of its members is, for
United States federal income tax purposes, a foreign corporation, a non-resident alien individual or a non-resident alien fiduciary of a foreign estate or trust. 

“U.S. Depositary” shall mean, with respect to the Securities of any series issuable or issued in whole or in part in the form
of one or more permanent global Securities, the person designated as U.S. Depositary by the Company pursuant to Section 2.03(b), which must be a clearing agency registered under the Exchange Act, until a successor U.S. Depositary shall have
become such pursuant to the applicable provisions of this Indenture, and thereafter “U.S. Depositary” shall mean or include each person who is then a U.S. Depositary hereunder, and if at any time there is more than one such person,
“U.S. Depositary” as used with respect to the Securities of any series shall mean the U.S. Depositary with respect to the Securities of such series. 

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

ARTICLE 2 
 ISSUE,
EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES 
 SECTION 2.01     Amount Unlimited; Issuable in Series. 

Upon the execution of this Indenture, or from time to time thereafter, Securities up to the aggregate principal amount and containing terms and
conditions from time to time authorized by or pursuant to a Board Resolution, or in an indenture supplemental hereto, as set forth in Section 2.03, may be executed by the Company and delivered to the Trustee for authentication, and the Trustee
shall thereupon authenticate and make available for delivery the Securities to or upon Company Order, without any further action by the Company but subject to the provisions of Section 2.03, or in an indenture supplemental hereto, as set forth
in Section 2.03. 
 The Securities may be issued in one or more series. The aggregate principal amount of Securities of all series that
may be authenticated and delivered and outstanding under this Indenture is not limited hereunder. The Securities of a particular series may be issued up to the aggregate principal amount of Securities for such series from time to time authorized by
or pursuant to a Board Resolution. 

  
 5 

 SECTION 2.02     Form of Trustee’s Certificate of Authentication. 

The Trustee’s certificate of authentication shall be in substantially the following form: 

[Form of Trustee’s Certificate of Authentication] 

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

Dated:                      
                                       

Wilmington Trust, National Association, as Trustee 

By:                      
                                         
  
 Authorized Signatory 

SECTION 2.03     Form of Securities Generally; Establishment of Terms of Series. 

(a)    The Registered Securities, if any, of each series, the temporary global Securities of each series, if any, and the
permanent global Securities of each series, if any, shall be in the forms established from time to time in or pursuant to one or more Board Resolutions (and, to the extent established pursuant to rather than set forth in one or more Board
Resolutions, in an Officers’ Certificate (to which shall be attached true and correct copies of the relevant Board Resolution(s)) detailing such establishment) or established in an indenture supplemental hereto. 

The Securities may be issued in typewritten, printed or engraved form with such letters, numbers or other marks of identification or
designation (including “CUSIP” numbers, if then generally in use) and such legends or endorsements printed, lithographed or engraved thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this
Indenture, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which the Securities may be listed, or to conform to usage. 

(b)    At or prior to the initial issuance of Securities of any series, the particular terms of Securities of such series
shall be established in or pursuant to one or more Board Resolutions (and to the extent established pursuant to rather than set forth in one or more Board Resolutions, in an Officers’ Certificate (to which shall be attached true and correct
copies of the relevant Board Resolutions(s)) detailing such establishment) or established in an indenture supplemental hereto, including the following: 

(1)    the designation of the particular series (which shall distinguish such series from all other
series); 
 (2)    the aggregate principal amount of such series which may be authenticated and delivered
under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to this Indenture and except for any Securities which, pursuant to
Section 2.06, are deemed never to have been authenticated and delivered hereunder); 

(3)    whether Securities of the series are to be issuable as Registered Securities, whether any Securities
of the series are to be issuable initially in temporary global form and, if so, the name of the Common Depositary with respect to any such 

  
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temporary global Security, and whether any Securities of the series are to be issuable in permanent global form and, if so, whether beneficial owners of interests in any such permanent global
Security may exchange such interests for Securities of such series and of like tenor of any authorized form and denomination and the circumstances under which any such exchanges may occur, if other than in the manner provided in Section 2.06
and the name of the Common Depositary or the U.S. Depositary with respect to any such permanent global Security; 

(4)    the date as of which any temporary Security in global form representing Outstanding Securities of
such series shall be dated, if other than the date of original issuance of the first Securities of the series to be issued; 

(5)    the person to whom any interest on any Registered Security of the series shall be payable, if other
than the person in whose name that Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for such interest, the extent to which, or the manner in which, any interest payable on a temporary
global Security on an interest payment date will be paid if other than in the manner provided in Section 2.08 and the extent to which, or the manner in which, any interest payable on a permanent global Security on an interest payment date will
be paid; 
 (6)    the date or dates on which the principal of the Securities of such series is payable;

 (7)    the rate or rates, and if applicable the method used to determine the rate, at which the
Securities of such series shall bear interest, if any, the date or dates from which such interest shall accrue, the date or dates on which such interest shall be payable and the record date or dates for the interest payable on any Registered
Securities on any interest payment date; 
 (8)    the place or places at which, subject to the
provisions of Section 4.02, the principal of (and premium, if any, on) and any interest on Securities of such series shall be payable, any Registered Securities of the series may be surrendered for registration of transfer, Securities of the
series may be surrendered for exchange and notices and demands to or upon the Company in respect of the Securities of the series and this Indenture may be served; 

(9)    the obligation, if any, of the Company to redeem or purchase Securities of such series, at the
option of the Company or at the option of a holder thereof, pursuant to any sinking fund or other redemption provisions and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the
series may be so redeemed or purchased, in whole or in part; 
 (10)    if other than denominations of
$1,000 and any integral multiple thereof, the denominations in which any Registered Securities of such series shall be issuable; 

(11)    if other than the principal amount thereof, the portion of the principal amount of Securities of
such series which shall be payable upon declaration of acceleration of the maturity thereof; 

  
 7 

 (12)    the currency, currencies or currency units in
which payment of the principal of (and premium, if any, on) and any interest on any Securities of the series shall be payable if other than the currency of the United States of America and the manner of determining the equivalent thereof in the
currency of the United States of America for purposes of the definition of “Outstanding” in Section 1.01; 

(13)    if the principal of (and premium, if any, on) or any interest on the Securities of the series are
to be payable, at the election of the Company or a holder thereof, in one or more currencies or currency units, other than that or those in which the Securities are stated to be payable, the currency or currencies in which payment of the principal
of (and premium, if any, on) and any interest on Securities of such series as to which such election is made shall be payable, and the periods within which and the terms and conditions upon which such election is to be made; 

(14)    if the amount of payments of principal of (and premium, if any, on) or any interest on the
Securities of the series may be determined with reference to an index, the manner in which such amounts shall be determined; 

(15)    whether the Securities will be issued in book-entry only form; 

(16)    any interest rate calculation agents, exchange rate calculation agents or other agents with respect
to Securities of such series; 
 (17)    if either or both of Section 14.02 and Section 14.03
do not apply to the Securities of the series; 
 (18)    whether and under what circumstances the Company
will pay Additional Amounts in respect of any series of Securities and whether the Company has the option to redeem such Securities rather than pay such Additional Amounts; 

(19)    any provisions relating to the extension of maturity of, or the renewal of, Securities of such
series, or the conversion of Securities of such series into other securities of the Company; 

(20)    any provisions relating to the purchase or redemption of all or any portion of a tranche or series
of Securities, including the period of notice required to redeem those Securities; 
 (21)    the terms
and conditions, if any, pursuant to which the Securities of the series are secured; 
 (22)    the
subordination terms of the Securities of the series; and 
 (23)    any other terms of the Securities or
provisions relating to the payment of principal, premium (if any) or interest thereon, including, but not limited to, whether such Securities are issuable at a discount or premium, as amortizable Securities, and if payable in, convertible or
exchangeable for commodities or for the securities of the Company or any third party. 
 All Securities of any one series need not be issued
at the same time and may be issued from time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the Board Resolution or Officers’ Certificate referred to above or as set forth in an indenture supplemental
hereto, and, unless otherwise provided, the authorized principal amount of any series may be increased to provide for issuances of additional Securities of such series. If so provided by or pursuant to the Board Resolution or Officers’
Certificate or supplemental 

  
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indenture referred to above, the terms of such Securities to be issued from time to time may be determined as set forth in such Board Resolution, Officers’ Certificate or supplemental
indenture, as the case may be. All Securities of any one series shall be substantially identical except as to denomination, interest rate, maturity and other similar terms and except as may be provided otherwise by or pursuant to such Board
Resolution, Officers’ Certificate or supplemental indenture. 
 SECTION 2.04     Securities in Global Form. 

If Securities of a series are issuable in global form, as specified as contemplated by Section 2.03(b), then, notwithstanding clause
(10) of Section 2.03(b) and the provisions of Section 2.05, any such Security in global form shall represent such of the Securities of such series Outstanding as shall be specified therein, and any such Security in global form may
provide that it shall represent the aggregate amount of Securities Outstanding from time to time endorsed thereon and that the aggregate amount of Securities Outstanding represented thereby may from time to time be reduced to reflect any exchanges
of beneficial interests in such Security in global form for Securities of such series as contemplated herein. Any endorsement of a Security in global form to reflect the amount, or any decrease in the amount, of Securities Outstanding represented
thereby shall be made by the Trustee or the Security Registrar in such manner and upon instructions given by such person or persons as shall be specified in such Security in global form or in the Company Order to be delivered to the Trustee pursuant
to Section 2.06 or Section 2.08. Subject to the provisions of Section 2.06 and, if applicable, Section 2.08, the Trustee or the Security Registrar shall deliver and redeliver any Security in permanent global form in the manner
and upon instructions given by the person or persons specified in such Security in global form or in the applicable Company Order. If a Company Order pursuant to Section 2.06 or Section 2.08 has been, or simultaneously is, delivered, any
instructions by the Company with respect to endorsement or delivery or redelivery of a Security in global form shall be in writing but need not be represented by a Company Order and need not be accompanied by an Opinion of Counsel. 

The provisions of the last sentence of Section 2.06 shall apply to any Security represented by a Security in global form if such Security
was never issued and sold by the Company and the Company delivers to the Trustee or the Security Registrar the Security in global form together with written instructions (which need not be represented by a Company Order and need not be accompanied
by an Opinion of Counsel) with regard to the reduction in the principal amount of Securities represented thereby, together with the written statement contemplated by the last sentence of Section 2.06. 

Notwithstanding the provisions of Section 2.05, unless otherwise specified as contemplated by Section 2.03(b), payment of principal
of and any premium and interest on any Security in permanent global form shall be made to the persons or persons specified therein. 
 SECTION 2.05
    Denominations; Record Date; Payment of Interest. 
 (a)    Unless otherwise provided as
contemplated by Section 2.03(b) with respect to any series of Securities, any Registered Securities of a series shall be issuable without coupons in minimum denominations of $1,000. 

(b)    The term “record date” as used with respect to an interest payment date for any series of a Registered
Security shall mean such day or days as shall be specified as 

  
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contemplated by Section 2.03(b); provided, however, that in the absence of any such provisions with respect to any series, such term shall mean (1) the last day of the
calendar month next preceding such interest payment date if such interest payment date is the 15th day of a calendar month; or (2) the
15th day of a calendar month next preceding such interest payment date if such interest payment date is the first day of the calendar month. 

Unless otherwise provided as contemplated by Section 2.03(b) with respect to any series of Securities, the person in whose name any
Registered Security is registered at the close of business on the record date with respect to an interest payment date shall be entitled to receive the interest payable on such interest payment date notwithstanding the cancellation of such Security
upon any registration of transfer or exchange thereof subsequent to such record date prior to such interest payment date; provided, however, that if and to the extent the Company shall default in the payment of the interest due on such
interest payment date, such defaulted interest shall be paid to the persons in whose names the Securities are registered on a subsequent record date established by notice given to the extent and in the manner set forth in Section 15.04 by or on
behalf of the Company to the holders of Securities of the series in default not less than 10 days preceding such subsequent record date, such record date to be not less than five days preceding the date of payment of such defaulted interest, or in
any other lawful manner acceptable to the Trustee. 
 (c)    Unless otherwise specified by Board Resolution or Company
Order for a particular series of Securities, the principal of, redemption premium, if any, on and interest, if any, on the Securities of any series shall be payable at the office or agency of the Company maintained pursuant to Section 4.02 in a
Place of Payment for such series, in the coin or currency of the United States of America that at the time is legal tender for public and private debt; provided, however, that, at the option of the Company, payment of interest with
respect to a Registered Security may be paid by check mailed to the holders of the Registered Securities entitled thereto at their last addresses as they appear on the Security Register or wired if held in book-entry form at the U.S. Depositary.

 SECTION 2.06     Execution, Authentication, Delivery and Dating of Securities. 

The Securities shall be signed on behalf of the Company by its Chief Executive Officer, its Chief Financial Officer or one of its Vice
Presidents and attested by its Secretary or one of its Assistant Secretaries. Such signatures may be the manual, facsimile or other electronic signatures of such then current officers. 

Any Security may be signed on behalf of the Company by such persons as, at the actual date of the execution of such Security, shall be the
proper officers of the Company, although at the date of the execution of this Indenture any such person was not such officer. Securities bearing the manual, facsimile or other electronic signatures of individuals who were, at the actual date of the
execution of such Security, the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities, as the case may
be, or did not hold such offices at the date of such Securities. 
 The Trustee shall have the right to decline to authenticate and deliver
any Security under this Section 2.06 if the issue of the Security pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner not reasonably
acceptable to the Trustee. 

  
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 Upon the execution and delivery of this Indenture, the Company shall deliver to the Trustee
an Officers’ Certificate as to the incumbency and specimen signatures of officers authorized to execute and deliver the Securities and give instructions under this Section and, as long as Securities are Outstanding under this Indenture, shall
deliver a similar Officers’ Certificate each year on the anniversary of the date of the first such Officers’ Certificate. The Trustee may conclusively rely on the documents delivered pursuant to this Section (unless revoked by superseding
comparable documents) and Section 2.03 hereof as to the authorization of the Board of Directors of any Securities delivered hereunder, and the form and terms thereof, and as to the authority of the instructing officers referred to in this
Section so to act. 
 The Trustee shall at any time, and from time to time, authenticate Securities for original issue in an unlimited
aggregate principal amount upon receipt by the Trustee of a Company Order; provided, however, that with respect to Securities of a series subject to a Periodic Offering, (a) such Company Order may be delivered to the Trustee prior
to the delivery to the Trustee of such Securities for authentication and delivery, (b) the Trustee shall authenticate and deliver Securities of such series for original issue from time to time, in an aggregate principal amount not exceeding the
aggregate principal amount, if any, established for such series, pursuant to a Company Order or pursuant to such procedures acceptable to the Trustee as may be specified from time to time by a Company Order, (c) the maturity date or dates,
original issue date or dates, interest rate or rates and any other terms of Securities of such series shall be determined by Company Order or pursuant to such procedures, and (d) if provided for in such procedures, such Company Order may
authorize authentication and delivery pursuant to oral or electronic instructions from the Company or its duly authorized agent or agents, which oral instructions shall be promptly confirmed in writing. 

Prior to the issuance of a Security of any new series, and the authentication thereof by the Trustee, the Trustee shall have received and
(subject to Section 7.02) shall be fully protected in relying on: 
 (a)    The Board Resolution or
Officers’ Certificate or indenture supplemental hereto establishing the terms and the form of the Securities of that series pursuant to Section 2.01 and Section 2.03; 

(b)    An Officers’ Certificate stating that all conditions precedent provided for in this Indenture
relating to the authentication and delivery of Securities in such form have been complied with; 

(c)    An Opinion of Counsel stating that the form and terms of such Securities, have been established in
conformity with the provisions of this Indenture. 
 With respect to Securities of a series offered in a Periodic Offering, the Trustee may
rely, as to the authorization by the Company of any of such Securities, the form and terms thereof and the legality, validity, binding effect and enforceability thereof, upon the Opinion of Counsel and other documents delivered pursuant to this
Section in connection with the first authentication of Securities of such series unless and until such Opinion of Counsel or other documents have been superseded or revoked. In connection with the authentication and delivery of Securities of a
series subject to a Periodic Offering, the Trustee shall be entitled to assume that the Company’s instructions to authenticate and deliver such Securities do not violate any rules, regulations or orders of any governmental agency or commission
having jurisdiction over the Company. 

  
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 Each Registered Security shall be dated the date of its authentication except as otherwise
provided by Board Resolution or Officers’ Certificate or indenture supplemental hereto. 
 The aggregate principal amount of Securities
of any series outstanding at any time may not exceed any limit upon the maximum principal amount for such series set forth in or pursuant to the Board Resolution or Officers’ Certificate or indenture supplemental hereto delivered pursuant to
Section 2.03, except as provided in Section 2.08. 
 No Security shall be entitled to any benefit under this Indenture or be valid
or obligatory for any purpose unless there appears on such Security, a certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Security shall be
conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the
Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 2.09 together with a written statement stating that such Security has never been issued and sold by the Company, for all purposes of
this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 

SECTION 2.07     Exchange and Registration of Transfer of Securities. 

(a)    The Company shall keep, at an office or agency to be designated and maintained by the Company in accordance with
Section 4.02 (as such, a “Security Registrar”), registry books (the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall register Registered Securities
and shall register the transfer of Registered Securities of each such series as provided in this Article 2. Such Security Register shall be in written form or in any other form capable of being converted into written form within a reasonable time.
At all reasonable times such Security Register shall be open for inspection by the Trustee. Upon due presentment for registration of transfer of any Registered Security of a particular series at such office or agency maintained pursuant to
Section 4.02 for such purpose in a Place of Payment, the Company shall execute and register and the Trustee shall authenticate and make available for delivery in the name of the transferee or transferees a new Registered Security or Registered
Securities of such series of any authorized denominations and for an equal aggregate principal amount and tenor. 

(b)    At the option of the holder, Registered Securities of any series may be exchanged for other Registered Securities
of the same series of any authorized denominations and of an equal aggregate principal amount and tenor. Registered Securities to be exchanged shall be surrendered at any such office or agency maintained pursuant to Section 4.02 for such
purpose in a Place of Payment, and the Company shall execute and register and the Trustee shall authenticate and make available for delivery in exchange therefor the Security or Securities that the securityholder making the exchange shall be
entitled to receive. 
 (c)    All Securities issued upon any registration of transfer or exchange of Securities shall
be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 

  
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 All Registered Securities presented for registration of transfer or for exchange, redemption
or payment, as the case may be, shall (if so required by the Company or the Trustee) be duly endorsed by, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Company and the Trustee or the Security
Registrar duly executed by, the holder thereof or his attorney duly authorized in writing. 
 No service charge shall be made for any
exchange or registration of transfer of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith, other than exchanges pursuant to the terms of this
Indenture not involving any transfer. 
 The Company shall not be required (1) to issue, to exchange or register the transfer of
Securities of any series to be redeemed for a period of 15 days next preceding any selection of such Securities to be redeemed, or (2) to exchange or register the transfer of any Registered Security so selected, called or being called for
redemption, except in the case of any such series to be redeemed in part the portion thereof not to be so redeemed. 

(d)    Notwithstanding the foregoing, except as otherwise specified as contemplated by Section 2.03(b), any permanent
global Security shall be exchangeable pursuant to this Section only as provided in this paragraph. If the beneficial owners of interests in a permanent global Security are entitled to exchange such interests for Securities of such series and of like
tenor and principal amount of another authorized form and denomination, as specified as contemplated by Section 2.03(b), then without unnecessary delay but in any event not later than the earliest date on which such interests may be so
exchanged, the Company shall deliver to the Trustee or the Security Registrar definitive Securities of that series in aggregate principal amount equal to the principal amount of such permanent global Security executed by the Company. On or after the
earliest date on which such interests may be so exchanged, in accordance with instructions given by the Company to the Trustee or the Security Registrar and the Common Depositary or the U.S. Depositary, as the case may be (which instructions
shall be in writing), such permanent global Security shall be surrendered from time to time by the Common Depositary or the U.S. Depositary, as the case may be, or such other depositary or Common Depositary or U.S. Depositary, as the case
may be, as shall be specified in the Company Order with respect thereto to the Trustee, as the Company’s agent for such purpose, or to the Security Registrar, to be exchanged, in whole or in part, for definitive Securities of the same series
without charge and the Trustee shall authenticate and make available for delivery in accordance with such instructions, in exchange for each portion of such permanent global Security, a like aggregate principal amount of definitive Securities of the
same series of authorized denominations and of like tenor as the portion of such permanent global Security to be exchanged which shall be in the form of Registered Securities; provided, however, that no such exchanges may occur for a
period of 15 days next preceding any selection of Securities of that series and of like tenor for redemption. Promptly following any such exchange in part, such permanent global Security should be returned by the Trustee or the Security Registrar to
the Common Depositary or the U.S. Depositary, as the case may be, or such other depositary or Common Depositary or U.S. Depositary referred to above in accordance with the instructions of the Company referred to above. If a Registered Security is
issued in exchange for any portion of a permanent global Security after the close of business at the office or agency where such 

  
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exchange occurs on (i) any record date and before the opening of business at such office or agency on the relevant interest payment date, or (ii) any special record date and before the
opening of business at such office or agency on the related proposed date for payment of defaulted interest as provided in Section 2.05, interest or defaulted interest, as the case may be, will not be payable on such interest payment date or
proposed date for payment, as the case may be, in respect of such Registered Security, but will be payable on such interest payment date or proposed date for payment, as the case may be, only to the person to whom interest in respect of such portion
of such permanent global Security is payable in accordance with the provisions of this Indenture. 
 (e)    Prior to the
due presentation for registration of transfer or exchange of any Security, the Company, the Trustee, any paying agent, any Security Registrar, and any co-Security Registrar or any of their agents may deem and
treat the Person in whose name a Security is registered as the absolute owner of such Security for all purposes whatsoever, and none of the Company, the Trustee, any paying agent, any Security Registrar, any
co-Security Registrar or any of their agents shall be affected by any notice to the contrary. 

(f)    Each Holder of a Security agrees to indemnify the Company and the Trustee against any liability that may result
from the transfer, exchange or assignment of such Holder’s Security in violation of any provision of this Indenture and/or applicable United States federal or securities laws. 

(g)    The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any
restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security other than to require delivery of such certificates and other documentation or evidence as are expressly
required by, and to do so if and when expressly required by the terms of, this Indenture or the Security and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

(h)    Neither the Trustee nor any agent of the Trustee shall have any responsibility for any actions taken or not taken
by the Common Depositary or any U.S. Depositary. 
 SECTION 2.08     Temporary Securities. 

Pending the preparation of definitive Securities of any series, the Company may execute and the Trustee shall, upon Company Order, authenticate
and make available for delivery, temporary Securities of such series (typewritten, printed, lithographed or otherwise produced). Such temporary Securities, in any authorized denominations, shall be substantially in the form of the definitive
Securities in lieu of which they are issued, in registered form, in the form approved from time to time by or pursuant to a Board Resolution but with such omissions, insertions, substitutions and other variations as may be appropriate for temporary
Securities, all as may be determined by the Company, but not inconsistent with the terms of this Indenture or any provision of applicable law. 

Except in the case of temporary Securities in global form (which shall be exchanged as hereinafter provided), if temporary Securities of any
series are issued, the Company will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall be

  
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exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series at the office or agency of the Company maintained pursuant to Section 4.02 in
a Place of Payment for such series for the purpose of exchanges of Securities of such series, without charge to the holder. Upon surrender for cancellation of any one or more temporary Securities of any series, the Company shall execute and the
Trustee shall authenticate and make available for delivery in exchange therefor a like aggregate principal amount of definitive Securities of the same series and of like tenor of authorized denominations 

Without unnecessary delay but in any event not later than the date specified in, or determined pursuant to the terms of, any such temporary
global Security of a series (the “Exchange Date”), the Company shall deliver to the Trustee definitive Securities of that series, in aggregate principal amount equal to the principal amount of such temporary global Security,
executed by the Company. On or after the Exchange Date such temporary global Security shall be presented and surrendered by the Common Depositary to the Trustee, as the Company’s agent for such purpose, or to the Security Registrar, to be
exchanged, in whole or from time to time in part, for definitive Securities of such series without charge, and the Trustee shall authenticate and make available for delivery, in exchange for each portion of such temporary global Security, a like
aggregate principal amount of definitive Securities of the same series of authorized denominations and of like tenor as the portion of such temporary global Security to be exchanged; provided, however, that, unless otherwise specified
in such temporary global Security, upon such presentation by the Common Depositary, such temporary global Security must be accompanied by a certificate dated the Exchange Date or a subsequent date and signed by Euroclear as to the portion of such
temporary global Security held for its account then to be exchanged and a certificate dated the Exchange Date or a subsequent date and signed by Clearstream, Luxembourg as to the portion of such temporary global Security held for its account then to
be exchanged, each in the form set forth in Exhibit A.2 to this Indenture. The definitive Securities to be delivered in exchange for any such temporary global Security shall be in registered form or permanent global registered form, or any
combination thereof, as specified as contemplated by Section 2.03(b), and, if any combination thereof is so specified, as requested by the beneficial owner thereof; provided, however, that definitive Securities shall be delivered
in exchange for a portion of a temporary global Security only in compliance with the requirements of Section 2.06. 
 Unless otherwise
specified in such temporary global Security, the interest of a beneficial owner of Securities of a series in a temporary global Security shall be exchanged for definitive Securities of the same series and of like tenor upon the receipt by Euroclear
or Clearstream, Luxembourg, as the case may be, after the Exchange Date of a certificate in the form set forth in Exhibit A.1 to this Indenture (whether or not such certificate is delivered in connection with the payment of interest, as hereinafter
provided) signed by the owner of the Security or a financial institution or clearing organization through which the owner directly or indirectly holds such Security, and dated no earlier than 15 days prior to the date on which Euroclear or
Clearstream, Luxembourg, as the case may be, furnishes to the Common Depositary in accordance with the preceding paragraph a certificate in the form set forth in Exhibit A.2 to this Indenture that relates to the interest to be exchanged for
definitive Securities. Copies of the certificate in the form set forth in Exhibit A.1 to this Indenture shall be available from the offices of Euroclear and Clearstream, Luxembourg, the Trustee, any authenticating agent appointed for such series of
Securities and each paying agent. Unless otherwise specified in such temporary global Security, any such exchange shall be made free of charge to the beneficial owners of such temporary 

  
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global Security, except that a person receiving definitive Securities must bear the cost of insurance, postage, transportation and the like in the event that such person does not take delivery of
such definitive Securities in person at the offices of Euroclear or Clearstream, Luxembourg. Definitive Securities to be delivered in exchange for any portion of a temporary global Security shall be delivered only outside the United States and its
possessions. 
 Until exchanged in full as hereinabove provided, the temporary Securities of any series shall in all respects be entitled to
the same benefits under this Indenture as definitive Securities of the same series and of like tenor authenticated and delivered hereunder, except that, unless otherwise specified as contemplated by Section 2.03(b), interest payable on a
temporary global Security on any interest payment date for Securities of such series occurring prior to the exchange of such temporary global Security shall be payable to Euroclear and Clearstream, Luxembourg on such interest payment date upon
delivery by Euroclear and Clearstream, Luxembourg to the Trustee or the applicable paying agent of a certificate or certificates in the form set forth in Exhibit A.3 to this Indenture, for credit without further interest on or after such interest
payment date to the respective accounts of the persons for whom Euroclear or Clearstream, Luxembourg, as the case may be, holds such temporary global Security on such interest payment date and who have each delivered to Euroclear or Clearstream,
Luxembourg, as the case may be, a certificate in the form set forth in Exhibit A.1 to this Indenture. If such interest payment date occurs on or after the Exchange Date, Euroclear or Clearstream, Luxembourg, as the case may be, following the receipt
of such certificate shall exchange, in accordance with the procedures hereinabove provided, the portion of the temporary global Security that relates to such certificate for definitive Securities (which, in the absence of instructions to the
contrary, shall be an interest in a permanent global Security). Any interest so received by Euroclear and Clearstream, Luxembourg and not paid as herein provided shall be returned to the Trustee or the applicable paying agent immediately prior to
the expiration of two years after such interest payment date in order to be repaid to the Company in accordance with Section 12.04. The terms and form of the certificates to be delivered hereunder, and procedures established with respect
thereto, are intended to ensure that the Company meets the requirements, if any, established by Euroclear or Clearstream, Luxembourg from time to time, and any such certificates or the procedures with respect thereto may be amended or modified by
the Company upon delivery of a Company Order to the Trustee accompanied by an Opinion of Counsel to the effect that the proposed modification or amendment will effect continued compliance by the Company with provisions of Euroclear or Clearstream,
Luxembourg, as the case may be. 
 Every temporary Security shall be executed by the Company and be authenticated by the Trustee upon the
same conditions and in substantially the same manner, and with like effect, as the definitive Securities. 
 SECTION 2.09
    Mutilated, Destroyed, Lost or Stolen Securities. 
 If any mutilated Security is surrendered to the Trustee, the
Company shall execute and the Trustee shall authenticate and make available for delivery in exchange therefor a new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding 

If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any
Security and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in 

  
 16 

 
the absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall, subject to the following paragraph, execute and the Trustee
shall authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen Security, a new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion
may, instead of issuing a new Security, pay such Security. 
 Upon the issuance of any new Security under this Section, the Company may
require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Security of any series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an
original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and any such new Security, if any, shall be entitled to all the benefits of this Indenture
equally and proportionately with any and all other Securities of that series duly issued hereunder. 
 The provisions of this Section are
exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 

SECTION 2.10     Cancellation. 

All Securities surrendered for payment, redemption, exchange or registration of transfer or for credit against any sinking fund payment, as the
case may be, shall, if surrendered to the Company or any agent of the Company or of the Trustee, be delivered to the Trustee. All Registered Securities so delivered shall be promptly cancelled by the Trustee. The Company may deliver to the Trustee
for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other person for delivery to the Trustee) for cancellation any
Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities
cancelled as provided in this Section except as expressly provided by this Indenture. Any cancelled Securities held by the Trustee shall be disposed of in accordance with the Trustee’s customary procedures. 

SECTION 2.11     Book-Entry Only System. 

If specified by the Company pursuant to Section 2.03(b) with respect to Securities represented by a Security in global form, a series of
Securities may be issued initially in book-entry only form and, if issued in such form, shall be represented by one or more Securities in global form registered in the name of the U.S. or Common Depositary or other depositary designated with respect
thereto. So long as such system of registration is in effect, (a) Securities of such series so issued in book-entry only form will not be issuable in the form of or exchangeable for Securities in certificated or definitive registered form,
(b) the records of the 

  
 17 

 
U.S. or Common Depositary or such other depositary will be determinative for all purposes and (c) neither the Company, the Trustee nor any paying agent, Security Registrar or transfer agent
for such Securities will have any responsibility or liability for (i) any aspect of the records relating to or payments made on account of owners of beneficial interests in the Securities of such series, (ii) maintaining, supervising or
reviewing any records relating to such beneficial interests, (iii) receipt of notices, voting and requesting or directing the Trustee to take, or not to take, or consenting to, certain actions hereunder, or (iv) the records and procedures
of the U.S. or Common Depositary, or such other depositary, as the case may be. 
 ARTICLE 3 

REDEMPTION OF SECURITIES 

SECTION 3.01     Redemption of Securities; Applicability of Section. 

Redemption of Securities of any series as permitted or required by the terms thereof shall be made in accordance with the terms of such
Securities as specified pursuant to Section 2.03(b) hereof and this Article; provided, however, that if any provision of any series of Securities shall conflict with any provision of this Section, the provision of such series of
Securities shall govern. 
 SECTION 3.02     Notice of Redemption; Selection of Securities. 

In case the Company shall desire to exercise the right to redeem all or, as the case may be, any part of a series of Securities pursuant to
Section 3.01, it shall fix a date for redemption. Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company (with a copy to the Trustee), or, at the Company’s request, by the Trustee in
the name and at the expense of the Company. The Company or the Trustee, as the case may be, shall give notice of such redemption, in the manner and to the extent set forth in Section 15.04, on that date prior to the date fixed for a redemption
to the holders of such Securities so to be redeemed, as a whole or in part, (a) as set forth in Board Resolutions, as described in Section 2.03(b), or (b) as determined by the Chief Executive Officer, the Chief Financial Officer, or
any Vice President of the Company (each, an “Authorized Officer”) and evidenced by the delivery of an Officers’ Certificate specifying the period of notice of such redemption. If the Board Resolutions or an Authorized Officer
do not specify a period of notice of such redemption, the Company or the Trustee, as the case may be, shall give notice of such redemption, in the manner and to the extent set forth in Section 15.04, at least 30 calendar days and not more than
60 calendar days prior to the date fixed for a redemption to the holders of such Securities so to be redeemed as a whole or in part. Notice given in such manner shall be conclusively presumed to have been duly given, whether or not the holder
receives such notice. In any case, failure to give such notice or any defect in the notice to the holder of any such Security designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any
other such Security. If the Company requests the Trustee to give any notice of redemption, it shall make such request in an Officers’ Certificate at least ten days prior to the designated date for delivering such notice, unless a shorter period
is satisfactory to the Trustee. 
 Each such notice of redemption shall specify the date fixed for redemption, the redemption price at which
such Securities are to be redeemed, the CUSIP numbers of such Securities, the Place of Payment where such Securities maturing after the date of redemption, are to be surrendered for payment of the redemption prices, that payment will be made upon
presentation and surrender of such Securities, that interest accrued to the date fixed for 

  
 18 

 
redemption will be paid as specified in the notice, and that on and after the date interest thereon or on the portions thereof to be redeemed will cease to accrue. If less than all of a series is
to be redeemed, the notice of redemption shall specify the numbers of the Securities to be redeemed. In case any Security is to be redeemed in part only, the notice of redemption shall state that it is a partial redemption and the portion of the
principal amount thereof to be redeemed and shall state that, upon surrender of such Security, a new Security or Securities of the same series in principal amount equal to the unredeemed portion thereof will be issued. 

On or prior to 11:00 a.m. New York City time, on the redemption date specified in the notice of redemption given as provided in this Section,
the Company will deposit in trust with the Trustee or with one or more paying agents an amount of money sufficient to redeem on the redemption date all the Securities or portions of Securities so called for redemption at the appropriate redemption
price, together with accrued interest, if any, to the date fixed for redemption. If less than all of a series of Securities is to be redeemed, the Company will give the Trustee adequate written notice at least 45 days in advance (unless a shorter
notice shall be satisfactory to the Trustee) as to the aggregate principal amount of Securities to be redeemed. 
 If less than all the
Securities of a series are to be redeemed, the Trustee shall select by lot or in such other manner as it shall deem appropriate and fair in accordance with the applicable procedures of the U.S. Depositary, not more than 60 days prior to the date of
redemption, the numbers of such Securities Outstanding not previously called for redemption, to be redeemed in whole or in part. The portion of principal of Securities so selected for partial redemption shall be equal to the minimum authorized
denomination for Securities of that series or any integral multiple thereof. The Trustee shall promptly notify the Company of the Securities to be redeemed. If, however, less than all the Securities of a series having differing issue dates, interest
rates and stated maturities are to be redeemed, the Company in its sole discretion shall select the particular Securities of such series to be redeemed and shall notify the Trustee in writing at least 45 days prior to the relevant redemption date.

 SECTION 3.03     Payment of Securities Called for Redemption. 

If notice of redemption has been given as above provided, the Securities or portions of Securities with respect to which such notice has been
given shall become due and payable on the date and at the place stated in such notice at the applicable redemption price, together with any interest accrued to the date fixed for redemption, and on and after that date (unless the Company shall
default in the payment of such Securities at the redemption price, together with interest accrued to that date) interest on such Securities or portions of Securities so called for redemption shall cease to accrue. On presentation and surrender of
such Securities subject to redemption at the Place of Payment and in the manner specified in such notice, such Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price, together with
interest accrued thereon to the date fixed for redemption; provided, that unless otherwise specified as contemplated by Section 2.03(b), installments of interest on Registered Securities whose stated maturity date is on or prior to the
date of redemption shall be payable to the holders of such Registered Securities, or one or more predecessor Securities, registered as such at the close of business on the relevant record dates according to their terms and the provisions of
Section 2.05. 

  
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 At the option of the Company, payment with respect to Registered Securities may be made by
check to the holders of such Securities or other persons entitled thereto against presentation and surrender of such Securities. 
 Any
Security that is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the
Trustee duly executed by, the holder thereof or such holder’s attorney duly authorized in writing), and upon such presentation, the Company shall execute and the Trustee shall authenticate and make available for delivery to the holder thereof,
at the expense of the Company, a new Security or Securities of the same series, of authorized denominations, in aggregate principal amount equal to the unredeemed portion of the principal of the Security so presented. If a temporary global Security
or permanent global Security is so surrendered, such new Security so issued shall be a new temporary global Security or permanent global Security, respectively. 

SECTION 3.04     Redemption Suspended During Event of Default. 

The Trustee shall not redeem any Securities (unless all Securities then outstanding are to be redeemed) or commence the giving of any notice or
redemption of Securities during the continuance of any Event of Default of which a Responsible Officer of the Trustee has actual knowledge or notice, except that where the giving of notice of redemption of any Securities shall theretofore have been
made, the Trustee shall redeem such Securities, provided funds are deposited with it for such purpose. Except as aforesaid, any moneys theretofore or thereafter received by the Trustee shall, during the continuance of such Event of Default, be held
in trust for the benefit of the securityholders and applied in the manner set forth in Section 6.06; provided, however, that in case such Event of Default shall have been waived as provided herein or otherwise cured, such moneys
shall thereafter be held and applied in accordance with the provisions of this Article. 
 ARTICLE 4 

PARTICULAR COVENANTS OF THE COMPANY 

SECTION 4.01     Payment of Principal, Premium and Interest. 

The Company will duly and punctually pay or cause to be paid the principal of (and premium, if any, on) and any interest on each of the
Securities of a series at the place, at the respective times and in the manner provided in the terms of the Securities and this Indenture. 

SECTION 4.02     Offices for Notices and Payments, etc. 

If Securities of a series are issuable only as Registered Securities, the Company will maintain in each Place of Payment for such series an
office or agency where Securities of that series may be presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect
of the Securities of that series and this Indenture may be served. The Company will give to the Trustee notice of the location of each such office or agency and of any change in the location thereof. In case the Company shall fail to maintain any
such office or agency as required, or shall fail to give such notice of the location or of any change in the location thereof, presentations and surrenders of Securities of that series may be made and

  
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notices and demands may be served at the principal corporate trust office of the Trustee and the Company hereby appoints the same as its agent to receive such respective presentations,
surrenders, notices and demands. 
 The Company may also from time to time designate one or more other offices or agencies where the
Securities of one or more series may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve
the Company of its obligation to maintain an office or agency in accordance with the requirements set forth above for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee and the holders of any such
designation or rescission and of any change in the location of any such other office or agency. 
 The Company hereby initially designates
the Corporate Trust Office of the Trustee as the office of the Company in the United States where Registered Securities may be presented for payment, for registration of transfer and for exchange as in this Indenture provided and where notices and
demands to or upon the Company in respect of the Securities or of this Indenture may be served; provided, however, that the Trustee shall not be deemed an agent of the Company for service of legal process. 

SECTION 4.03     Provisions as to Paying Agent. 

(a)    Whenever the Company shall appoint a paying agent other than the Trustee with respect to the Securities of any
series, it will cause such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section: 

(1)    that it will hold sums held by it as such agent for the payment of the principal of (and premium, if
any, on) or any interest on the Securities of such series (whether such sums have been paid to it by the Company or by any other obligor on the Securities of such series) in trust for the benefit of the persons entitled thereto until such sums shall
be paid to such persons or otherwise disposed of as herein provided and will notify the Trustee of the receipt of sums to be so held; 

(2)    that it will give the Trustee notice of any failure by the Company (or by any other obligor on the
Securities of such series) to make any payment of the principal of (or premium, if any, on) or any interest on the Securities of such series when the same shall be due and payable; and 

(3)    that at any time when any such failure has occurred and is continuing, it will, upon the written
request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such paying agent. 
 (b)    If the
Company shall act as its own paying agent, it will, on or before each due date of the principal of (and premium, if any) or any interest on the Securities of any series, set aside, segregate and hold in trust for the benefit of the persons entitled
thereto a sum sufficient to pay such principal (and premium, if any) or any interest so becoming due until such sums shall be paid to such persons or otherwise disposed of as herein provided. The Company will promptly notify the Trustee of any
failure to take such action. 

  
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 (c)    Whenever the Company shall have one or more paying agents with
respect to a series of Securities, it will, on or prior to each due date of the principal of (and premium, if any, on) or any interest on, any Securities, deposit with a paying agent a sum sufficient to pay the principal (and premium, if any) or any
interest, so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such paying agent is the Trustee) the Company will promptly notify the Trustee of its action or
failure so to act. 
 (d)    Anything in this Section to the contrary notwithstanding, the Company may, at any time, for
the purpose of obtaining the satisfaction and discharge of this Indenture with respect to one or more or all series of Securities hereunder, or for any other reason, pay or cause to be paid to the Trustee all sums held in trust for such series by it
or any paying agent hereunder as required by this Section, such sums to be held by the Trustee upon the trusts herein contained, and upon such payment by any paying agent to the Trustee, such paying agent shall be released from all further liability
with respect to such money. 
 (e)    Anything in this Section to the contrary notwithstanding, the agreement to hold
sums in trust as provided in this Section is subject to the provisions of Section 12.03 and Section 12.04. 
 SECTION 4.04
    Statement as to Compliance. 
 The Company will deliver to the Trustee, within 120 days after the end of each
fiscal year of the Company, commencing with the fiscal year ending in the year during which the first series of Securities is issued hereunder (but in no event more than one year from the issuance of the first series hereunder), a written statement
signed by the Chief Executive Officer, President or other principal executive officer and by the Chief Financial Officer or other principal financial officer or principal accounting officer of the Company, stating, as to each signer thereof, that:

 (a)    a review of the activities of the Company during such year and of performance under this Indenture has been
made under his supervision; and 
 (b)    to the best of his knowledge, based on such review, the Company has fulfilled
all its obligations under this Indenture throughout such year, or, if there has been a default in the fulfillment of any such obligation, specifying each such default known to him and the nature and status thereof. 

SECTION 4.05     Corporate Existence. 

Subject to the provisions of Article 11, the Company will do or cause to be done all things necessary to preserve and keep in full force and
effect its corporate existence, rights (charter and statutory) and franchises and the corporate existence and rights (charter and statutory) and franchises of its subsidiaries; provided, however, that the Company shall not be required
to, or to cause any subsidiary to, preserve any right or franchise or to keep in full force and effect the corporate existence of any subsidiary if the Company shall determine that the keeping in existence or preservation thereof is no longer
desirable in or consistent with the conduct of the business of the Company. 

  
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 SECTION 4.06     Reserved. 

SECTION 4.07     Waiver of Covenants.

The Company may omit in any particular instance to comply with any covenant or condition set forth in Sections 4.02 through 4.05 with respect
to the Securities of any series if before or after the time for such compliance the holders of a majority in principal amount of the Securities of all series affected thereby then Outstanding shall either waive such compliance in such instance or
generally waive compliance with such covenant or condition, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the
Company and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect. 
 SECTION 4.08 Notice of
Default. 
 The Company will deliver to the Trustee, as soon as possible and in any event within 30 days after the Company becomes aware
of any Event of Default or an event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default, an Officers’ Certificate setting forth the details of such Event of Default or Default and the action or
actions that the Company proposes to take with respect thereto. 
 ARTICLE 5 

SECURITYHOLDER LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE 

SECTION 5.01     Securityholder Lists. 

The Company covenants and agrees that it will furnish or cause to be furnished to the Trustee a list, in such form as the Trustee may
reasonably require, of all information in the possession or control of the Company as to the names and addresses of the holders of such Registered Securities as of such date, and at such other times as the Trustee may request in writing, within 30
days after receipt by the Company of any such request, a list, in such form as the Trustee may reasonably require, of all information in the possession or control of the Company as to the names and addresses of the holders of Registered Securities
of a particular series specified by the Trustee as of a date not more than 15 days prior to the time such information is furnished; provided, however, that if and so long as the Trustee shall be the Security Registrar with respect to
such series, such list shall not be required to be furnished. 
 SECTION 5.02     Preservation and Disclosure of Lists. 

(a)    The Trustee shall preserve, in as current a form as is reasonably practicable, all information as to the names and
addresses of the holders of each series of Securities contained in the most recent list furnished to it as provided in Section 5.01 or received by the Trustee in its capacity as Security Registrar. The Trustee may destroy any list furnished to
it as provided in Section 5.01 upon receipt of a new list so furnished. 
 (b)    Securityholders may communicate
as provided in Section 312(b) of the Trust Indenture Act with other securityholders with respect to their rights under this Indenture or under the Securities. The Company, the Trustee, the Security Registrar and anyone else shall have the
protection of Section 312(c) of the Trust Indenture Act with respect to the sending of any material pursuant to a request made pursuant to Section 312(b) of the Trust Indenture Act. 

  
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 SECTION 5.03     Reports by the Company. 

The Company covenants so long as Securities are Outstanding: 

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

(b)    to deliver to the Trustee and file with the Commission, in accordance with the rules and regulations prescribed
from time to time by the Commission, such additional information, documents, and reports with respect to compliance by the Company with the conditions and covenants provided for in this Indenture as may be required from time to time by such rules
and regulations; and 
 (c)    to transmit by mail to all the holders of Registered Securities of each series, as the
names and addresses of such holders appear on the registry books, within 30 days after the delivery thereof to the Trustee, such summaries of any information, documents and reports required to be filed by the Company with respect to each such
series pursuant to subsections (a) and (b) of this Section as may be required by rules and regulations prescribed from time to time by the Commission. 

SECTION 5.04     Reports by the Trustee. 

(a)    Within sixty days after each June 15 following the date of initial issuance of Securities under this Indenture
and so long as any Securities are outstanding hereunder and if there has been any change in the following, the Trustee shall transmit by mail, first class postage prepared, to the securityholders, as their names appear upon the Security Register, a
brief report dated as of such June 15, if and to the extent required under Section 313(a) of the Trust Indenture Act, which complies with the provisions of Section 313(a). 

(b)    The Trustee shall comply with Sections 313(b) and 313(c) of the Trust Indenture Act. 

(c)    A copy of each such report shall, at the time of such transmission to securityholders, be filed by the Trustee with
the Company, with each stock exchange upon which any Securities are listed (if so listed) and also with the Commission. The Company agrees to notify the Trustee when any Securities become listed on any stock exchange. 

(d)    The Company will reimburse the Trustee for all expenses incurred in the preparation and transmission of any report
pursuant to the provisions of this Section 5.04. 

  
 24 

 ARTICLE 6 

REMEDIES 
 SECTION 6.01
    Events of Default; Acceleration of Maturity. 
 In case one or more of the following Events of Default with
respect to a particular series shall have occurred and be continuing: 
 (a)    default in (a) the payment of the
principal of (or premium, if any, on) any of the Securities of such series as and when the same shall become due and payable either at maturity, upon redemption, by declaration or otherwise or (b) any payment required by any sinking or
analogous fund established with respect to that series; or 
 (b)    default in the payment of any installment of
interest upon any of the Securities of such series as and when the same shall become due and payable, and continuance of such default for a period of 30 days; or 

(c)    failure on the part of the Company duly to observe or perform any other of the covenants or agreements on the part
of the Company in the Securities or in this Indenture contained for a period of 90 days after the date on which written notice of such failure, requiring the Company to remedy the same, shall have been given to the Company by the Trustee, or to the
Company and the Trustee by the holders of at least 25% in aggregate principal amount of the Securities of that series at the time Outstanding; or 

(d)    a court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company in
an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of the Company or for any
substantial part of its property, or ordering the winding-up or liquidation of its affairs and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or 

(e)    the Company shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or
hereafter in effect, or shall consent to the entry of an order for relief in an involuntary case under any such law, or shall consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator
(or similar official) of the Company or for any substantial part of its property, or shall make any general assignment for the benefit of creditors; or 

(f)    any other Event of Default provided with respect to Securities of that series; 

then, if an Event of Default described in clause (a), (b) or (c) shall have occurred and be continuing, and in each and every such case, unless the
principal amount of all the Securities of such series shall have already become due and payable, either the Trustee or the holders of not less than 25% in aggregate principal amount of the Securities of that series then Outstanding hereunder, by
notice in writing to the Company (and to the Trustee if given by the securityholders) may declare the principal amount of all the Securities (or, with respect to Original Issue Discount Securities, such lesser amount as may be specified in the terms
of such Securities) of that series to be due and payable immediately, and upon any such declaration the same shall become and shall be immediately due and payable, anything in this Indenture or in the Securities of such series contained to the
contrary notwithstanding; or, if an Event of Default 

  
 25 

 
described in clause (d) or (e) shall have occurred and be continuing, and in each and every such case, unless the principal of all the Securities of such series shall have already become due
and payable, either the Trustee or the holders of not less than 25% in aggregate principal amount of all the Securities of that series then Outstanding hereunder, by notice in writing to the Company (and to the Trustee if given by securityholders),
may declare the principal of all the Securities (or, with respect to Original Issue Discount Securities, such lesser amount as may be specified in the terms of such Securities) to be due and payable immediately, and upon any such declaration the
same shall become and shall be immediately due and payable, anything in this Indenture or in the Securities contained to the contrary notwithstanding. 

SECTION 6.02     Rescission and Annulment. 

The provisions in Section 6.01 are subject to the condition that if, at any time after the principal of the Securities of any one or more
of all series, as the case may be, shall have been so declared due and payable, and before any judgment or decree for the payment of the moneys due shall have been obtained or entered as hereinafter provided, the Company shall pay or shall deposit
with the Trustee a sum sufficient to pay all matured installments of interest upon all the Securities of such series or of all the Securities, as the case may be, and the principal of (and premium, if any, on) all Securities of such series or of all
the Securities, as the case may be (or, with respect to Original Issue Discount Securities, such lesser amount as may be specified in the terms of such Securities), which shall have become due otherwise than by acceleration (with interest upon such
principal and premium, if any) and, to the extent that payment of such interest is enforceable under applicable law, on overdue installments of interest, at the same rate as the rate of interest specified in the Securities of such series or all
Securities, as the case may be (or, with respect to Original Issue Discount Securities, at the rate specified in the terms of such Securities for interest on overdue principal thereof upon maturity, redemption or acceleration of such series, as the
case may be), to the date of such payment or deposit, and such amount as shall be sufficient to cover reasonable compensation to the Trustee, its agents, attorneys and counsel, and all other expenses and liabilities incurred, and all advances made
and other amounts due to the Trustee under Section 7.06, and any and all defaults under the Indenture, other than the non-payment of the principal of Securities, which shall have become due by
acceleration, shall have been remedied; then and in every such case the holders of a majority in aggregate principal amount of the Securities of such series (or of all the Securities, as the case may be) then Outstanding, by written notice to the
Company and to the Trustee, may waive all defaults with respect to that series or with respect to all Securities, as the case may be in such case, treated as a single class and rescind and annul such declaration and its consequences; but no such
waiver or rescission and annulment shall extend to or shall affect any subsequent default or shall impair any right consequent thereon. 

In case the Trustee shall have proceeded to enforce any right under this Indenture and such proceedings shall have been discontinued or
abandoned because of such rescission and annulment or for any other reason or shall have been determined adversely to the Trustee, then and in every such case the Company, the Trustee and the securityholders, as the case may be, shall be restored
respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Company, the Trustee and the securityholders, as the case may be, shall continue as though no such proceedings had been taken. 

  
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 SECTION 6.03     Collection of Indebtedness and Suits for Enforcement by
Trustee. 
 The Company covenants that if 

(a)    default is made in the payment of any installment of interest on any Security when such interest becomes due and
payable and such default continues for a period of 30 days, or 
 (b)    default is made in the payment of the principal
or premium, if any, of any Security at the maturity thereof, including any maturity occurring by reason of a call for redemption or otherwise, 
 the
Company will, upon demand of the Trustee, pay to it, for the benefit of the holders of such Securities, the whole amount that shall have become due and payable on such Securities for principal or premium, if any, and interest, with interest upon the
overdue principal and, to the extent that payment of such interest shall be legally enforceable, upon overdue installments of interest, at the rate borne by such Securities; and, in addition thereto, such further amount as shall be sufficient to
cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

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

If an Event of Default occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of
the securityholders by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the
exercise of any power granted herein, or to enforce any other proper remedy. 
 SECTION 6.04     Trustee May File Proofs of
Claim. 
 In the case of the pendency of a receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment,
composition or other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities
shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by
intervention in such proceeding or otherwise: 
 (a)    to file and prove a claim for the whole amount of principal and
premium, if any, and any interest owing and unpaid in respect of the Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and of the holders of Securities allowed in such judicial proceeding; and 

  
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 (b)    to collect and receive any moneys or other property payable or
deliverable on any such claims and to distribute the same; 
 and any receiver, assignee, trustee, liquidator or sequestrator (or other similar official) in
any such judicial proceeding is hereby authorized by each holder of Securities to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the holders of Securities, to pay to the
Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.06. To the extent that such payment of reasonable
compensation, expenses, disbursements, advances and other amounts out of the estate in any such proceedings shall be denied for any reason, payment of the same shall be secured by a lien on, and shall be paid out of, any and all distributions,
dividends, moneys, securities and other property which the holders of the Securities may be entitled to receive in such proceedings, whether in liquidation or under any plan or reorganization or arrangements or otherwise. 

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

 SECTION 6.05     Trustee May Enforce Claims Without Possession of Securities. 

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

SECTION 6.06     Application of Money Collected. 

Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee
and, in case of the distribution of such money on account of principal or premium, if any, or any interest, upon presentation of the Securities, as the case may be, and the notation thereon of the payment if only partially paid and upon surrender
thereof if fully paid: 
 FIRST: To the payment of all amounts due the Trustee under Section 7.06; 

SECOND: To the payment of all senior indebtedness of the Company if and to the extent required by Article 16; 

THIRD: To the payment of the amounts then due and unpaid upon the Securities for principal of and premium, if any, and any
interest on the Securities, in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities, for principal and any
interest, respectively; and 

  
 28 

 FOURTH: To the Company or its successors or assigns, or to whomsoever may be
lawfully entitled to receive the same. 
 SECTION 6.07     Limitation on Suits. 

No holder of any Security of any series shall have any right to institute any proceeding, judicial or otherwise, with respect to this
Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 
 (1)    such
holder has previously given written notice to the Trustee of a continuing Event of Default; 
 (2)    the holders of not
less than 25% in principal amount of the Outstanding Securities of that series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(3)    such holder or holders have offered to the Trustee reasonable security and indemnity satisfactory to the Trustee
against the costs, expenses and liabilities to be incurred in compliance with such request; 
 (4)    the Trustee for 60
days after its receipt of such notice, request and offer of reasonable security and indemnity has failed to institute any such proceedings; and 

(5)    no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the holders of a majority in principal amount of the Outstanding Securities; 
 it being understood and
intended that no one or more such holders of Securities shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such holders of
Securities or to obtain or to seek to obtain priority or preference over any other of such holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such holders of
Securities. 
 SECTION 6.08     Unconditional Right of Securityholders to Receive Principal and Interest. 

Notwithstanding any other provision in this Indenture, the holder of any Security shall have the right, which is absolute and unconditional, to
receive payment of the principal of and premium, if any, and (subject to Section 2.05 and Section 3.02) any interest on such Security on the respective stated maturities expressed in such Security (or, in the case of redemption, on the
redemption date) and to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such holder. 

SECTION 6.09     Restoration of Rights and Remedies. 

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

  
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 SECTION 6.10     Rights and Remedies Cumulative. 

Except as provided in the last sentence of Section 2.09, no right or remedy herein conferred upon or reserved to the Trustee or to the
holders of Securities is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter
existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

SECTION 6.11     Delay or Omission Not Waiver. 

No delay or omission of the Trustee or of any holder of any Security to exercise any right or remedy accruing upon any Default shall impair any
such right or remedy or constitute a waiver of any such Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the holders of Securities may be exercised from time to time, and as often as may
be deemed expedient, by the Trustee or by the holders of Securities, as the case may be. 
 SECTION 6.12     Control by
Securityholders. 
 The holders of a majority in principal amount of Outstanding Securities of each series shall have the right to direct
the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee, provided that 

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

(2)    the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction;
and 
 (3)    the Trustee need not take any action which it in good faith determines might involve it in personal
liability or be unjustly prejudicial to the securityholders not consenting. 
 Upon receipt by the Trustee of any such direction with
respect to Securities of a series all or part of which is represented by a temporary global Security or a permanent global Security, the Trustee shall establish a record date for determining holders of Outstanding Securities of such series entitled
to join in such direction, which record date shall be at the close of business on the day the Trustee receives such direction. The holders on such record date, or their duly designated proxies, and only such persons, shall be entitled to join in
such direction, whether or not such holders remain holders after such record date, provided that, unless such majority in principal amount shall have been obtained prior to the day which is 90 days after such record date, such direction shall
automatically and without further action by any holder be cancelled and of no further effect. Nothing in this paragraph shall prevent a holder, or a proxy of a holder, from giving, after expiration of such
90-day period, a new direction identical to a direction which has been cancelled pursuant to the proviso to the preceding sentence, in which event a new record date shall be established pursuant to the
provisions of this Section 6.12. 

  
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 SECTION 6.13     Waiver of Past Defaults. 

The holders of a majority in principal amount of the Securities of each series at the time Outstanding may, on behalf of the holders of all the
Securities of that series, waive any past default hereunder and its consequences, except a default 
 (1)    in the
payment of the principal of, premium, if any, or any interest on any Security; or 
 (2)    in respect of a covenant or
provision hereof that pursuant to Article 10 cannot be modified or amended without the consent of the holder of each Outstanding Security affected. 
 Upon
any such waiver, such default shall cease to exist, and any Default or Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture, but no such waiver shall extend to any subsequent or other default or
impair any right consequent thereon. 
 SECTION 6.14     Undertaking for Costs. 

All parties to this Indenture agree, and each holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court
may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit
of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of
the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Trustee, to any suit instituted by any holder, or group of holders, holding in the aggregate more than 10% in
principal amount of the Outstanding Securities of any series, or to any suit instituted by any holder of any Securities for the enforcement of the payment of the principal of, premium, if any, or any interest on any Security on or after the
respective stated maturities expressed in such Security (or, in the case of redemption, on or after the redemption date, except, in the case of a partial redemption, with respect to the portion not so redeemed). 

SECTION 6.15     Waiver of Stay or Extension Laws. 

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

  
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 ARTICLE 7 

CONCERNING THE TRUSTEE 

SECTION 7.01     Duties and Responsibilities of Trustee. 

(a)    The Trustee, prior to the occurrence of an Event of Default of a particular series and after the curing of all
Events of Default of such series which may have occurred, undertakes to perform such duties and only such duties with respect to such series as are specifically set forth in this Indenture and no implied covenants or obligations shall be read into
this Indenture against the Trustee and in the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or
opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be
under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture. 

(b)    In case an Event of Default with respect to a particular series has occurred (which has not been cured), the
Trustee shall exercise with respect to such series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the
conduct of his own affairs. 
 (c)    No provisions of this Indenture shall be construed to relieve the Trustee from
liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

(1)    prior to the occurrence of an Event of Default with respect to a particular series and after the
curing of all Events of Default with respect to such series which may have occurred, the duties and obligations of the Trustee with respect to such series shall be determined solely by the express provisions of this Indenture, and the Trustee shall
not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; 

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

(3)    the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in
good faith in accordance with the direction of the holders of Securities pursuant to Section 6.12 relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power
conferred upon the Trustee, under this Indenture. 
 (d)    No provision of this Indenture shall be construed as
requiring the Trustee to expend or risk its own funds or otherwise to incur any personal financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds
for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 

  
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 SECTION 7.02     Reliance on Documents, Opinions, etc. 

Subject to the provisions of Section 7.01: 

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

 (b)    any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by a
Company Request or Company Order (unless other evidence in respect thereof be herein specifically prescribed); and any Board Resolution may be evidenced to the Trustee by a copy thereof certified by the Secretary or any Assistant Secretary of the
Company; and whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein
specifically prescribed) may, in the absence of negligence or willful misconduct on its part, rely upon an Officers’ Certificate; 

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

(d)    the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at
the request, order or direction of any of the holders of any Securities pursuant to the provisions of this Indenture, unless such holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and
liabilities which might be incurred therein or thereby; 
 (e)    the Trustee shall not be bound to make any
investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, judgment, bond, debenture, note, coupon or other paper or documents, but the Trustee,
in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and
premises of the Company, personally or by agent or attorney; 
 (f)    the Trustee may execute any of the trusts or
powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it
hereunder; 
 (g)    the Trustee shall not be liable for any action taken, suffered or omitted to be taken by it in good
faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture. 

(h)    the permissive rights of the Trustee to do things enumerated in this Indenture shall not be construed as duties;

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

  
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 (j)    the Trustee shall not be charged with knowledge of (1) any
events or other information or (2) any default under this Indenture; in each case, unless a Responsible Officer of the Trustee shall have actual knowledge thereof; 

(k)    the Trustee shall not be responsible or liable for any failure or delay in the performance of its obligations under
this Indenture arising out of or caused, directly or indirectly, by circumstances beyond its control, including without limitation, any act or provision of any present or future law or regulation or governmental authority; acts of God; earthquakes;
fires; floods; wars; terrorism; civil or military disturbances; sabotage; epidemics; riots; interruptions, loss or malfunctions of utilities, computer (hardware or software) or communications service; accidents; labor disputes; acts of civil or
military authority or governmental actions; or the unavailability of the Federal Reserve Bank wire or telex or other wire or communication facility; 

(l)    the Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties
hereunder; 
 (m)    the rights, privileges, protections, immunities and benefits given to the Trustee including,
without limitation, its right to indemnity hereunder, are extended to and shall be enforceable by, the Trustee in each of its capacities hereunder; and 

(n)    the Trustee may, at the expense of the Company, request, rely on and act in accordance with Officers’
Certificates and/or Opinions of Counsel and shall incur no liability and shall be fully protected in acting or refraining from acting in accordance with such Officers’ Certificates or Opinions of Counsel. 

SECTION 7.03     No Responsibility for Recitals, etc. 

The recitals contained herein and in the Securities, other than the Trustee’s certificate of authentication, shall be taken as the
statements of the Company, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities, provided that the Trustee shall not
be relieved of its duty to authenticate Securities only as authorized by this Indenture. The Trustee shall not be accountable for the use or application by the Company of Securities or the proceeds thereof. 

SECTION 7.04     Ownership of Securities. 

The Trustee, any authenticating agent, any paying agent, any Security Registrar or any other agent of the Company or of the Trustee, in its
individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not Trustee, authenticating agent, paying agent, Security Registrar or such other agent of the Company or of the Trustee.

 SECTION 7.05     Moneys to be Held in Trust. 

Subject to the provisions of Section 12.04 hereof, all moneys received by the Trustee or any paying agent shall, until used or applied as
herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent 

  
 34 

 
required by law. Neither the Trustee nor any paying agent shall be under any liability for interest on any moneys received by it hereunder except such as it may agree in writing with the Company
to pay thereon. 
 SECTION 7.06     Compensation and Expenses of Trustee. 

The Company covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, such compensation for all
services rendered by it hereunder as the Company and the Trustee shall from time to time agree in writing (which to the extent permitted by law shall not be limited by any provision of law in regard to the compensation of a trustee of an express
trust), and, except as otherwise expressly provided, the Company will promptly pay or reimburse the Trustee forthwith upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any of
the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel and of all persons not regularly in its employ) except any such expense, disbursement or advance as may arise from
its negligence or willful misconduct. If any property other than cash shall at any time be subject to the lien of this Indenture, the Trustee, if and to the extent authorized by a receivership or bankruptcy court of competent jurisdiction or by the
supplemental instrument subjecting such property to such lien, shall be entitled to make and to be reimbursed for, advances for the purpose of preserving such property or of discharging tax liens or other prior liens or encumbrances thereon. The
Company also covenants to indemnify the Trustee for, and to hold it harmless against, any and all loss, damage, claims, liability or expense, including taxes (other than taxes based upon, measured or determined by, the income of the Trustee)
incurred without negligence or willful misconduct on the part of the Trustee, arising out of or in connection with the acceptance or administration of this trust (including in any agent capacity in which it acts), including the costs and expenses of
defending itself against any claim of liability (whether asserted by the Company, any Holder or any third party) in connection with the exercise or performance of any of its powers or duties hereunder and including those incurred with respect to
enforcement of its right to indemnity hereunder. The obligations of the Company under this Section shall constitute additional indebtedness hereunder. Such additional indebtedness shall be secured by a lien prior to that of the Securities upon all
property and funds held or collected by the Trustee as such, except funds held in trust for the benefit of the holders of particular Securities. 

To secure the Company’s obligations under this Section, the Trustee shall have a senior claim to which the Securities are hereby made
subordinate on all money or property held or collected by the Trustee, except that held in trust to pay principal of (and premium, if any) and interest, if any, on particular Securities. 

When the Trustee incurs expenses or renders services after an Event of Default, the expenses and the compensation for the services are
intended to constitute administrative expenses for purposes of priority under any bankruptcy law. 
 The provisions of this
Section 7.06 shall survive the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee. 
 SECTION 7.07
    Officers’ Certificate as Evidence. 
 Subject to the provisions of Section 7.01, whenever in the
administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be 

  
 35 

 
proved or established prior to taking or suffering any action to be taken hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence
of negligence on the part of the Trustee, be deemed to be conclusively proved and established by an Officers’ Certificate delivered to the Trustee, and such certificate, in the absence of negligence on the part of the Trustee, shall be full
warrant to the Trustee for any action taken, suffered or omitted by it under the provisions of this Indenture upon the faith thereof. 

SECTION 7.08     Disqualifications; Conflicting Interest of Trustee. 

If the Trustee has or shall acquire any “conflicting interest” within the meaning of the Trust Indenture Act, the Trustee and the
Company shall in all respects comply with the provisions of Section 310(b) of the Trust Indenture Act. 
 SECTION 7.09
    Eligibility of Trustee. 
 There shall at all times be a Trustee hereunder which shall be a corporation organized
and doing business under the laws of the United States or of any State or Territory thereof or of the District of Columbia, which (a) is authorized under such laws to exercise corporate trust powers, (b) is subject to supervision or
examination by federal, state, territorial or District of Columbia authority, (c) shall have at all times a combined capital and surplus of not less than $5,000,000 and (d) shall not be the Company or any person directly or indirectly
controlling, controlled by, or under common control with the Company. If such corporation publishes reports of condition at least annually, pursuant to law, or to the requirements of the aforesaid supervising or examining authority, then for the
purposes of this Section, the combined capital and surplus of such corporation at any time shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall
cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10. 

SECTION 7.10     Resignation or Removal of Trustee. 

(a)    The Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to one or more or
all series by giving written notice of resignation to the Company. Upon receiving such notice of resignation the Company shall promptly appoint a successor trustee with respect to the applicable series by written instrument, in duplicate, executed
by order of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 30 days
after the mailing of such notice of resignation, the resigning Trustee may, at the expense of the Company, petition any court of competent jurisdiction for the appointment of a successor trustee. Such court may thereupon, after such notice, if any,
as it may deem proper and prescribe, appoint a successor trustee. 
 (b)    In case at any time any of the following
shall occur: 
 (1)    the Trustee shall fail to comply with the provisions of Section 7.08 with
respect to any series of Securities after written request therefor by the Company or by any securityholder who has been a bona fide holder of a Security or Securities of such series for at least six months, or 

  
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 (2)    the Trustee shall cease to be eligible in
accordance with the provisions of Section 7.09 with respect to any series of Securities and shall fail to resign after written request therefor by the Company or by any such securityholder, or 

(3)    the Trustee shall become incapable of acting with respect to any series of Securities, or shall be
adjudged a bankrupt or insolvent, or a receiver of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or
liquidation, 
 then, in any such case, the Company may remove the Trustee with respect to the applicable series of Securities and appoint a successor
trustee with respect to such series by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee, or, subject to the
provisions of Section 6.14, any securityholder of such series who has been a bona fide holder of a Security or Securities of the applicable series for at least six months may, on behalf of himself and all others similarly situated, petition any
court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee with respect to such series. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee and
appoint a successor trustee. 
 (c)    The holders of a majority in aggregate principal amount of the Securities of all
series (voting as one class) at the time Outstanding may at any time remove the Trustee, upon 30 days’ prior written notice, with respect to Securities of all series and appoint a successor trustee with respect to the Securities of all series.

 (d)    Any resignation or removal of the Trustee and any appointment of a successor trustee pursuant to any of the
provisions of this Section shall become effective upon the appointment of a successor trustee and the acceptance of appointment by the successor trustee as provided in Section 7.11. 

SECTION 7.11     Acceptance by Successor Trustee. 

Any successor trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company and to its predecessor
trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act,
deed or conveyance, shall become vested with all the rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein; but, nevertheless, on the written
request of the Company or of the successor trustee, the predecessor trustee shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument transferring to such successor trustee all
the rights and powers of the predecessor trustee. Upon request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such
rights and powers. Any trustee, including the initial Trustee, ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of
Section 7.06. 

  
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 In case of the appointment hereunder of a successor trustee with respect to the Securities
of one or more (but not all) series, the Company, the predecessor Trustee and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such
provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue
to be vested in the predecessor Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood
that nothing herein or in such supplemental indenture shall constitute such trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts hereunder separate and apart
from any trust or trusts hereunder administered by any other such trustee. 
 No successor trustee shall accept appointment as provided in
this Section unless at the time of such acceptance such successor trustee shall be qualified and eligible under the provisions of this Article 7. 

Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail notice of the succession of such
trustee hereunder to all holders of Securities of any applicable series as the names and addresses of such holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within ten days after the
acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so mailed at the expense of the Company. 

SECTION 7.12     Successor by Merger, etc. 

Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such
corporation shall be qualified and eligible under the provisions of this Article 7, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. In case
any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so
authenticated with the same effect as if such successor Trustee had itself authenticated such Securities. 
 SECTION 7.13
    Limitations on Rights of Trustee as Creditor. 
 The Trustee shall comply with Section 311(a) of the Trust
Indenture Act, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent included
therein. 
 SECTION 7.14     Notice of Default. 

Within 90 days after a Responsible Officer of the Trustee obtains actual knowledge of the occurrence of any default on a series of Securities
hereunder, the Trustee shall transmit to all securityholders of that series, in the manner and to the extent provided in Section 15.04, notice of 

  
 38 

 
such default hereunder known to the Trustee, unless such default shall have been cured or waived; provided, however, that except in the case of a default in the payment of the
principal of or interest on any Security or on the payment of any sinking or purchase fund installment, the Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Trustee in good faith determines that
the withholding of such notice is in the interests of the securityholders; and provided, further, that in the case of any default of the character specified in clause (c) of Section 6.01 no such notice to securityholders
shall be given until at least 90 days after the occurrence thereof. For the purpose of this Section, the term “default” means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to
Securities of such series. 
 SECTION 7.15     Appointment of Authenticating Agent. 

The Trustee may appoint an authenticating agent or agents (which may be an affiliate or affiliates of the Company) with respect to one or more
series of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon original issue or upon exchange, registration of transfer or partial redemption thereof or pursuant to
Section 2.09, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to
the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an authenticating agent and a
certificate of authentication executed on behalf of the Trustee by an authenticating agent. Each authenticating agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the
United States of America or of any State or Territory thereof or of the District of Columbia, which (a) is authorized under such laws to exercise corporate trust powers or to otherwise act as authenticating agent, (b) is subject to
supervision or examination by federal, state, territorial or District of Columbia authority, and (c) shall have at all times a combined capital and surplus of not less than $5,000,000. If such authenticating agent publishes reports of condition
at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such authenticating agent shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published. If at any time an authenticating agent shall cease to be eligible in accordance with the provisions of this Section, such authenticating agent shall resign immediately in the
manner and with the effect specified in this Section. 
 Any corporation into which an authenticating agent may be merged or converted or
with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such authenticating agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of
such authenticating agent, shall continue to be an authenticating agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or such
authenticating agent. 
 An authenticating agent may resign at any time by giving written notice thereof to the Trustee and to the Company.
The Trustee may at any time terminate the agency of an authenticating agent by giving written notice thereof to such authenticating agent and to the 

  
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Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time such authenticating agent shall cease to be eligible in accordance with the provisions of
this Section, the Trustee may appoint a successor authenticating agent which shall be acceptable to the Company and shall promptly give notice of such appointment to all holders of Securities in the manner and to the extent provided in
Section 15.04. Any successor authenticating agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an authenticating
agent. No successor authenticating agent shall be appointed unless eligible under the provisions of this Section. 
 The Trustee agrees to
pay to each authenticating agent from time to time reasonable compensation for its services under this Section, and the Trustee shall be entitled to be reimbursed for such payments, subject to the provisions of Section 7.06. 

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

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

Wilmington Trust, National Association, as Trustee 

By:
[                                        ], as
Authenticating Agent 

By:                      
                                       

Title:                      
                                    

If all of the Securities of a series may not be originally issued at one time, and the Trustee does not have an office capable of
authenticating Securities upon original issuance located in a Place of Payment where the Company wishes to have Securities of such series authenticated upon original issuance, the Trustee, if so requested by the Company in writing, shall appoint in
accordance with this Section an authenticating agent (which, if so requested by the Company, shall be such affiliate of the Company) having an office in a Place of Payment designated by the Company with respect to such series of Securities,
provided that the terms and conditions of such appointment are acceptable to the Trustee. 
 ARTICLE 8 

CONCERNING THE SECURITYHOLDERS 

SECTION 8.01     Action by Securityholders. 

Whenever in this Indenture it is provided that the holders of a specified percentage in aggregate principal amount of the Securities of any or
all series may take any action (including the making of any demand or request, the giving of any authorization, notice, consent or waiver or the taking of any other action), the fact that at the time of taking any such action the holders of

  
 40 

 
such specified percentage have joined therein may be evidenced (a) by any instrument or any number of instruments of similar tenor executed by securityholders in person or by agent or proxy
appointed in writing, or (b) by a combination of such instrument or instruments and any such record of such a meeting of securityholders. 

In determining whether the holders of a specified percentage in aggregate principal amount of the Securities of any or all series have taken
any action (including the making of any demand or request, the giving of any authorization, direction, notice, consent or waiver or the taking of any other action), (i) the principal amount of any Original Issue Discount Security that may be counted
in making such determination and that shall be deemed to be outstanding for such purposes shall be equal to the amount of the principal thereof that could be declared to be due and payable upon an Event of Default pursuant to the terms of such
Original Issue Discount Security at the time the taking of such of such action is evidenced to the Trustee, and (ii) the principal amount of a Security denominated in a foreign currency or currency unit shall be the U.S. dollar equivalent,
determined as of the date of original issuance of such Security in accordance with Section 2.03(b) hereof, of the principal amount of such Security. 

SECTION 8.02     Proof of Execution by Securityholders. 

Subject to the provisions of Section 7.01, Section 7.02 and Section 9.05, proof of the execution of any instrument by a
securityholder or its agent or proxy, or of the holding by any person of a Security, shall be sufficient and conclusive in favor of the Trustee and the Company if made in accordance with such reasonable rules and regulations as may be prescribed by
the Trustee or in such manner as shall be satisfactory to the Trustee. 
 The principal amount and serial numbers of Registered Securities
held by any person, and the date of holding the same, shall be proved by the Security Register. The record of any securityholders’ meeting shall be proved in the manner provided in Section 9.06. 

SECTION 8.03     Who Are Deemed Absolute Owners. 

Prior to due presentment of a Registered Security for registration of transfer, the Company, the Trustee and any agent of the Company or of the
Trustee may deem the person in whose name such Registered Security shall be registered upon the Security Register to be, and may treat him as, the absolute owner of such Registered Security (whether or not such Security shall be overdue and
notwithstanding any notation of ownership or other writing thereon), for the purpose of receiving payment of or on account of the principal of (and premium, if any) and, subject to the provisions of Section 2.05 and Section 2.07, any
interest on such Security and for all other purposes; and neither the Company nor the Trustee nor any agent of the Company or of the Trustee shall be affected by any notice to the contrary. All such payments so made to any holder for the time being,
or upon his order, shall be valid and, to the extent of the sum or sums so paid, effectual to satisfy and discharge the liability for moneys payable upon any such Security. 

Notwithstanding the foregoing, with respect to any temporary or permanent global Security, nothing herein shall prevent the Company, the
Trustee, or any agent of the Company or of the Trustee, from giving effect to any written certification, proxy or other authorization furnished by a Common Depositary or a U.S. Depositary, as the case may be, or impair, as between a Common
Depositary or a U.S. Depositary and holders of beneficial interests in any temporary or permanent global Security, as the case may be, the operation of customary practices governing the exercise of the rights of the Common Depositary or the U.S.
Depositary as holder of such temporary or permanent global Security. 

  
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 SECTION 8.04     Company-Owned Securities Disregarded. 

In determining whether the holders of the required aggregate principal amount of Securities have provided any request, demand, authorization,
notice, direction, consent or waiver under this Indenture, Securities which are owned by the Company or any other obligor on the Securities, or by any person directly or indirectly controlling or controlled by or under direct or indirect common
control with the Company or any other obligor on the Securities, shall be disregarded and deemed not to be Outstanding for the purpose of any such determination, except that for the purpose of determining whether the Trustee shall be protected in
relying on any such request, demand, authorization, direction, notice, consent or waiver, only Securities which the Trustee actually knows are so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be
regarded as Outstanding for the purposes of this Section if the pledgee shall establish to the satisfaction of the Trustee the pledgee’s right to vote such Securities and that the pledgee is not a person directly or indirectly controlling or
controlled by or under direct or indirect common control with the Company or any such other obligor. In the case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full protection to the Trustee.

 SECTION 8.05     Revocation of Consents; Future Securityholders Bound. 

At any time prior to the taking of any action by the holders of the percentage in aggregate principal amount of the Securities specified in
this Indenture in connection with such action, any holder of a Security, the identifying number of which is shown by the evidence to be included in the Securities the holders of which have consented to such action, may, by filing written notice with
the Trustee at its Corporate Trust Office and upon proof of holding as provided in Section 8.02, revoke such action so far as concerns such Security. Except as aforesaid any such action taken by the holder of any Security shall be conclusive
and binding upon such holder and upon all future holders and owners of such Security and of any Security issued upon registration of transfer of or in exchange or substitution therefor in respect of anything done, omitted or suffered to be done by
the Trustee or the Company in reliance thereon, irrespective of whether or not any notation in regard thereto is made upon such Security. Any action taken by the holders of the percentage in aggregate principal amount of the Securities specified in
this Indenture in connection with such action shall be conclusively binding upon the Company, the Trustee and the holders of all the Securities. 

SECTION 8.06     Record Date. 

The Company may, but shall not be obligated to, set a record date for purposes of determining the identity of holders of Securities of any
series entitled to vote or consent to any action by vote or consent or to otherwise take any action under this Indenture authorized or permitted by Section 6.12 and Section 6.13 or otherwise under this Indenture. Such record date shall be
the later of (i) the date 20 days prior to the first solicitation of such consent or vote or other action and (ii) the date of the most recent list of holders of such Securities delivered to the Corporate Trust Office of the Trustee
pursuant to Section 5.01 prior to such solicitation. If such a record date is fixed, those persons who were holders of such Securities at the close of business on such record date shall be entitled to vote or consent or take such other action,
or to revoke any such action, whether or not such persons continue to be holders after such record date, and for that purpose the Outstanding Securities shall be computed as of such record date. 

  
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 ARTICLE 9 

SECURITYHOLDERS’ MEETINGS 

SECTION 9.01     Purposes of Meeting. 

A meeting of holders of any or all series of Securities may be called at any time and from time to time pursuant to the provisions of this
Article for any of the following purposes: 
 (a)    to give any notice to the Company or to the Trustee, or to give any
directions to the Trustee, or to waive any default hereunder and its consequences, or to take any other action authorized to be taken by securityholders pursuant to any of the provisions of Article 6; 

(b)    to remove the Trustee and appoint a successor trustee pursuant to the provisions of Article 7; 

(c)    to consent to the execution of an indenture or indentures supplemental hereto pursuant to the provisions of
Section 10.02; or 
 (d)    to take any other action authorized to be taken by or on behalf of the holders of any
specified aggregate principal amount of the Securities of any or all series, as the case may be, under any other provision of this Indenture or under applicable law. 

SECTION 9.02     Call of Meetings by Trustee. 

The Trustee may at any time call a meeting of securityholders of any or all series to take any action specified in Section 9.01, to be
held at such time and at such place in New York, New York or Michigan City, Indiana as the Trustee shall determine. Notice of every meeting of the securityholders of any or all series, setting forth the time and place of such meeting and in general
terms the action proposed to be taken at such meeting, shall be given in the manner provided in Section 15.04 not less than 20 nor more than 180 days prior to the date fixed for the meeting. 

SECTION 9.03     Call of Meetings by Company or Securityholders. 

In case at any time the Company, pursuant to a Board Resolution, or the holders of at least 10% in aggregate principal amount of the Securities
of any or all series, as the case may be, then Outstanding, shall have requested the Trustee to call a meeting of securityholders of any or all series to take any action authorized in Section 9.01, by written request setting forth in reasonable
detail the action proposed to be taken at the meeting, and the Trustee shall not have provided notice of such meeting in the manner provided in Section 15.04 within 30 days after receipt of such request, then the Company or the holders of such
Securities in the amount above specified may determine the time and the place in New York, New York or Michigan City, Indiana for such meeting and may call such meeting by giving notice thereof as provided in Section 9.02. 

  
 43 

 SECTION 9.04     Qualifications for Voting. 

To be entitled to vote at any meeting of securityholders a person shall be a holder of one or more Securities of such series Outstanding with
respect to which a meeting is being held or a person appointed by an instrument in writing as proxy by such a holder or holders. The only persons who shall be entitled to be present or to speak at any meeting of the securityholders of any series
shall be the persons entitled to vote at such meeting and their counsel and any representatives of the Trustee and its counsel and any representatives of the Company and its counsel. 

SECTION 9.05     Regulations. 

Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any
meeting of securityholders of a series, in regard to proof of the holding of Securities and of the appointment of proxies, and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates
and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it deems fit. Such regulations may provide that written instruments appointing proxies, regular on their face, may be presumed valid and genuine
without the proof specified in Article 8 or other proof. 
 The Trustee shall, by an instrument in writing, appoint a temporary chairman of
the meeting, unless the meeting shall have been called by the Company or by securityholders as provided in Section 9.03, in which case the Company or the securityholders calling the meeting, as the case may be, shall in like manner appoint a
temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the holders of a majority in principal amount of the Securities represented at the meeting and entitled to vote. 

Subject to the provisions of Section 8.01 and Section 8.04, at any meeting each securityholder or proxy shall be entitled to one
vote for each $1,000 (or the U.S. Dollar equivalent thereof in connection with Securities issued in a foreign currency or currency unit) Outstanding principal amount of Securities of such series held or represented by him; provided,
however, that no vote shall be cast or counted at any meeting in respect of any Security challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote
except as a securityholder or proxy. Any meeting of securityholders duly called pursuant to the provisions of Section 9.02 or Section 9.03 may be adjourned from time to time, and the meeting may be reconvened without further notice. 

SECTION 9.06     Voting. 

The vote upon any resolution submitted to any meeting of securityholders shall be by written ballot on which shall be subscribed the signatures
of the securityholders or proxies and on which shall be inscribed the identifying number or numbers or to which shall be attached a list of identifying numbers of the Securities held or represented by them. The chairman of the meeting shall appoint
two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in duplicate of all votes cast at the meeting. A record
in duplicate of the proceedings of each meeting of securityholders shall be prepared by the secretary of the meeting and there shall be attached to the record the original reports of the inspectors of votes on any vote by ballot taken thereat and
affidavits by one or more persons having knowledge of the facts 

  
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setting forth a copy of the notice of the meeting and showing that the notice was mailed as provided in Section 9.02. The record shall be signed and verified by the chairman and secretary of
the meeting and one of the duplicates shall be delivered to the Company and the other to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. 

Any record so signed and verified shall be conclusive evidence of the matters therein stated. 

ARTICLE 10 
 SUPPLEMENTAL
INDENTURES 
 SECTION 10.01     Supplemental Indentures without Consent of Securityholders. 

Without the consent of any holders of Securities, the Company, when authorized by or pursuant to Board Resolution, and the Trustee may from
time to time and at any time enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as in force at the date of the execution thereof) for one or more of the following purposes:

 (a)    to evidence the succession of another corporation to the Company, or successive successions, pursuant to
Article 11 hereof, and the assumption by the successor corporation of the covenants, agreements and obligations of the Company herein and in the Securities; 

(b)    to add to the covenants of the Company such further covenants, restrictions, conditions or provisions as its Board
of Directors shall consider to be for the protection of the holders of Securities, and to make the occurrence, or the occurrence and continuance, of a default in any of such additional covenants, restrictions, conditions or provisions an Event of
Default permitting the enforcement of all or any of the several remedies provided in this Indenture as herein set forth, with such period of grace, if any, and subject to such conditions as such supplemental indenture may provide; 

(c)    [Reserved.]; 

(d)    to modify, eliminate or add to the provisions of this Indenture to such extent as shall be necessary to effect the
qualification of this Indenture under the Trust Indenture Act, or under any similar federal statute hereafter enacted, and to add to this Indenture such other provisions as may be expressly permitted by the Trust Indenture Act, excluding however,
the provisions referred to in Section 316(a)(2) of the Trust Indenture Act or any corresponding provision in any similar federal statute hereafter enacted; 

(e)    to modify, eliminate or add to any of the provisions of this Indenture, provided that any such change or
elimination (i) shall become effective only when there is no Security of any series Outstanding and created prior to the execution of such supplemental indenture that is entitled to the benefit of such provision or (ii) shall not apply to
any Security Outstanding; 
 (f)    to cure any ambiguity or to correct or supplement any provision contained herein or
in any supplemental indenture which may be defective or inconsistent with any other provisions contained herein or in any supplemental indenture; to convey, transfer, assign, 

  
 45 

 
mortgage or pledge any property to or with the Trustee; or to make such other provisions in regard to matters or questions arising under this Indenture, provided such other provisions shall not
adversely affect in any material respect the interests of the holders of the Securities, including provisions necessary or desirable to provide for or facilitate the administration of the trusts hereunder; 

(g)    to secure any series of Security; and 

(h)    to evidence and provide for the acceptance and appointment hereunder by a successor trustee with respect to the
Securities of one or more series and to add or change any provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, pursuant to Section 7.11. 

The Trustee is hereby authorized to join with the Company in the execution of any such supplemental indenture, to make any further appropriate
agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property thereunder, but the Trustee shall not be obligated to enter into any such supplemental indenture which
adversely affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. No supplemental indenture shall be effective as against the Trustee unless and until the Trustee has duly executed and delivered the same. 

SECTION 10.02     Supplemental Indentures with Consent of Holders. 

With the consent (evidenced as provided in Section 8.01) of the holders of not less than a majority in aggregate principal amount of the
Securities of all series at the time Outstanding affected by such supplemental indenture (voting as one class), the Company, when authorized by a Board Resolution, and the Trustee may from time to time and at any time enter into an indenture or
indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as in force at the date of the execution thereof) for the purpose of adding any provisions to or changing in any manner or eliminating any of the
provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the holders of the Securities of such series under this Indenture; provided, however, that no such supplemental indenture shall
(1) extend the fixed maturity of any Securities, or reduce the principal amount thereof or premium, if any, or reduce the rate or extend the time of payment of interest thereon, without the consent of the holder of each Security so affected,
(2) reduce the aforesaid percentage of Securities, the consent of the holders of which is required for any such supplemental indenture, without the consent of the holders of all Securities then Outstanding, (3) modify the subordination
provisions in a manner adverse to the holders of such Securities, or (4) modify any of the above provisions. 
 Upon the request of the
Company, accompanied by a copy of a Board Resolution certified by the Secretary or an Assistant Secretary of the Company authorizing the execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of
securityholders as aforesaid, the Trustee shall join with the Company in the execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise,
in which case the Trustee may in its discretion, but shall not be obligated to, enter into such supplemental indenture. 

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

Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of this Article 10, the
Company shall provide notice, in the manner and to the extent provided in Section 15.04, setting forth in general terms the substance of such supplemental indenture, to all holders of Securities of each series so affected. Any failure of the
Company so to provide such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. 

SECTION 10.03     Compliance with Trust Indenture Act; Effect of Supplemental Indentures. 

Any supplemental indenture executed pursuant to the provisions of this Article 10 shall comply with the Trust Indenture Act, as then in effect.
Upon the execution of any supplemental indenture pursuant to the provisions of this Article 10 and subject to the provisions in any supplemental indenture relating to the prospective application of such instrument, this Indenture shall be and be
deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company and the holders of Securities theretofore or thereafter
authenticated and delivered hereunder shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such supplemental indenture shall be and be
deemed to be part of the terms and conditions of this Indenture for any and all purposes. 
 The Trustee, subject to the provisions of
Section 7.01 and Section 7.02, shall be entitled to receive and shall be fully protected in relying upon an Opinion of Counsel as conclusive evidence that any such supplemental indenture complies with the provisions of this Article 10 and
that all conditions precedent thereto have been satisfied. 
 SECTION 10.04     Notation on Securities. 

Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to the provisions of this
Article 10 may bear a notation in form approved by the Company as to any matter provided for in such supplemental indenture. New Securities of any series so modified as to conform, in the opinion of the Board of Directors, to any modification
of this Indenture contained in any such supplemental indenture may be prepared by the Company, authenticated by the Trustee and delivered, without charge to the securityholders, in exchange for the Securities of such series then Outstanding. 

ARTICLE 11 

CONSOLIDATION, MERGER, SALE OR CONVEYANCE 

SECTION 11.01     Company May Consolidate, etc., on Certain Terms. 

The Company covenants that it will not merge into or consolidate with any other entity or sell or convey all or substantially all of its assets
to any person, firm or corporation, unless (1) either the Company shall be the continuing corporation, or the successor entity (if other than the Company) shall be an entity organized and existing under the laws of the United States of

  
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America or a state thereof or the District of Columbia and such entity shall expressly assume the due and punctual payment of the principal of (and premium, if any, on) and any interest on all
the Securities, according to their tenor, and the due and punctual performance and observance of all of the covenants and conditions of this Indenture to be performed by the Company by supplemental indenture, executed and delivered to the Trustee by
such entity, and (2) the Company or such successor entity, as the case may be, shall not, immediately after such merger or consolidation, or such sale or conveyance, be in default in the performance of any such covenant or condition. 

SECTION 11.02     Successor Corporation Substituted. 

In case of any such consolidation, merger, sale or conveyance and upon any such assumption by the successor corporation, such successor
corporation shall succeed to and be substituted for, and may exercise every right and power of, the Company, with the same effect as if it had been named herein as the party of the first part. Such successor corporation thereupon may cause to be
signed, and may issue either in its own name or in the name of the Company, any or all of the Securities issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee; and, upon the order of such
successor corporation, instead of the Company, and subject to all the terms, conditions and limitations in this Indenture prescribed, the Trustee shall authenticate and shall make available for delivery any Securities which previously shall have
been signed and delivered by the officers of the Company to the Trustee for authentication, and any Securities which such successor corporation thereafter shall cause to be signed and delivered to the Trustee for that purpose. All of the Securities
so issued shall in all respects have the same legal rank and benefit under this Indenture as the Securities theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such Securities had been issued at the date
of the execution thereof. 
 In case of any such consolidation, merger, sale or conveyance such changes in phraseology and form (but not in
substance) may be made in the Securities thereafter to be issued as may be appropriate. 
 SECTION 11.03     Opinion of Counsel
and Officers’ Certificate to be Given Trustee. 
 The Trustee shall receive an Opinion of Counsel and Officers’ Certificate as
conclusive evidence that any such consolidation, merger, sale or conveyance, and any such assumption, complies with the provisions of this Article 11 and that all conditions precedent herein provided for relating to such transaction have been
complied with. 
 ARTICLE 12 

SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS 

SECTION 12.01     Discharge of Indenture. 

If at any time 

(a)    the Company shall have delivered to the Trustee for cancellation all Securities of any series theretofore
authenticated (other than (i) Securities that have been destroyed, lost or stolen and that have been replaced or paid as provided in Section 2.09, and (ii) Securities for whose payment money has theretofore been deposited in trust or
segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 4.03), or 

  
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 (b)    all such Securities of such series not theretofore delivered to
the Trustee for cancellation (i) shall have become due and payable, or (ii) are by their terms to become due and payable within one year or (iii) are to be called for redemption within one year under arrangements satisfactory to the
Trustee for the giving of notice of redemption, and the Company in the case of (b)(i), (b)(ii) or (b)(iii) above shall irrevocably deposit or cause to be deposited with the Trustee as trust funds the entire amount (other than moneys repaid by the
Trustee or any paying agent to the Company in accordance with Section 12.04) sufficient to pay at maturity or upon redemption all Securities of such series not therefore delivered to the Trustee for cancellation, including principal (and
premium, if any) and any interest due or to become due to such date of maturity or date fixed for redemption, as the case may be; 
 and if in either case
the Company shall also pay or cause to be paid all other sums payable hereunder by the Company with respect to such series, then this Indenture shall cease to be of further effect with respect to the Securities of such series, and the Trustee, on
demand of and at the cost and expense of the Company and subject to Section 15.05, shall execute proper instruments acknowledging satisfaction of and discharging this Indenture with respect to the Securities of such series. The Company agrees
to reimburse the Trustee for any costs or expenses thereafter reasonably and properly incurred by the Trustee in connection with this Indenture or the Securities of such series. Notwithstanding the satisfaction and discharge of this Indenture with
respect to the Securities of any series or of all series, the obligations of the Company to the Trustee under Section 7.06 shall survive. 

The Company will deliver to the Trustee an Officers’ Certificate and an Opinion of Counsel which together shall state that all conditions
precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with. 
 SECTION 12.02
    Deposited Moneys to be Held in Trust by Trustee. 
 Subject to the provisions of Section 4.03(e), all moneys
deposited with the Trustee pursuant to Section 12.01 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Company acting as its own paying agent), to the persons entitled thereto,
of all sums due and to become due thereon for principal and interest (and premium, if any) for which payment of such money has been deposited with the Trustee. 

SECTION 12.03     Paying Agent to Repay Moneys Held. 

In connection with the satisfaction and discharge of this Indenture with respect to Securities of any series and the payment of all amounts due
to the Trustee under Section 7.06, all moneys with respect to such Securities then held by any paying agent under the provisions of this Indenture shall, upon demand of the Company, be repaid to it or paid to the Trustee and thereupon such
paying agent shall be released from all further liability with respect to such moneys. 
 SECTION 12.04     Return of Unclaimed
Moneys. 
 Subject to applicable law, any moneys deposited with or paid to the Trustee or any paying agent for the payment of the
principal of (and premium, if any) or interest on any Security 

  
 49 

 
and not applied but remaining unclaimed for two years after the date upon which such principal (and premium, if any, on) or interest shall have become due and payable, shall be repaid to the
Company by the Trustee or such paying agent on demand, and the holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for any payment which such holder may be entitled to collect and all liability of the
Trustee or any paying agent with respect to such moneys shall thereupon cease. 
 ARTICLE 13 

IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS 

SECTION 13.01     Indenture and Securities Solely Corporate Obligations. 

No recourse under or upon any obligation, covenant or agreement contained in this Indenture, or in any Security, or because of any indebtedness
evidenced thereby, shall be had against any incorporator, or against any past, present or future stockholder, officer or director, as such, of the Company or of any successor corporation, either directly or through the Company or any successor
corporation, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the
Securities by the holders thereof and as part of the consideration for the issue of the Securities. 
 ARTICLE 14 

DEFEASANCE AND COVENANT DEFEASANCE 

SECTION 14.01     Applicability of Article. 

Unless, as specified pursuant to Section 2.03(b), provision is made that either or both of (a) defeasance of the Securities of a
series under Section 14.02 and (b) covenant defeasance of the Securities of a series under Section 14.03 shall not apply to the Securities of a series, then the provisions of such Section 14.02 and Section 14.03, together
with Section 14.04 and Section 14.05, shall be applicable to the Outstanding Securities of all series upon compliance with the conditions set forth below in this Article 14. 

SECTION 14.02     Defeasance and Discharge. 

Subject to Section 14.05, the Company may cause itself to be discharged from its obligations with respect to the Outstanding Securities of
any series on and after the date the conditions precedent set forth below are satisfied but subject to satisfaction of the conditions subsequent set forth below (hereinafter, “defeasance”). For this purpose, such defeasance means
that the Company shall be deemed to have paid and discharged the entire indebtedness represented by the Outstanding Securities of such series and to have satisfied all its other obligations under such Securities and this Indenture insofar as such
Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder: (A) the rights
of holders of Outstanding Securities of such series to receive, solely from the trust fund described in Section 14.04 and as more fully set forth in such Section, payments of the principal of and any premium and interest on such Securities when
such payments are due, (B) the Company’s obligations with respect to such Securities under Section 

  
 50 

 
2.07, Section 2.08, Section 2.09, Section 4.02 and Section 4.03 and such obligations as shall be ancillary thereto, (C) the rights, powers, trusts, duties, immunities and
other provisions in respect of the Trustee hereunder and (D) this Article 14. Subject to compliance with this Article 14, defeasance with respect to Securities of a series by the Company is permitted under this Section 14.02
notwithstanding the prior exercise of its rights under Section 14.03 with respect to the Securities of such series. Following a defeasance, payment of the Securities of such series may not be accelerated because of an Event of Default. 

SECTION 14.03     Covenant Defeasance. 

The Company may cause itself to be released from its obligations under any Sections applicable to Securities of a series that are determined
pursuant to Section 2.03(b) to be subject to this provision with respect to the Outstanding Securities of such series on and after the date the conditions precedent set forth below are satisfied but subject to satisfaction of the conditions
subsequent set forth below (hereinafter, “covenant defeasance”). For this purpose, such covenant defeasance means that, with respect to the Outstanding Securities of such series, the Company may omit to comply with and shall have no
liability in respect of any term, condition or limitation set forth in any such Section, whether directly or indirectly by reason of any reference elsewhere herein to any such Section or by reason of any reference in any such Section to any other
provision herein or in any other document, but the remainder of this Indenture and such Securities shall be unaffected thereby. 
 SECTION 14.04
    Conditions to Defeasance or Covenant Defeasance. 
 The following shall be the conditions precedent or, as
specifically noted below, subsequent to application of either Section 14.02 or Section 14.03 to the Outstanding Securities of such series: 

(a)    The Company shall irrevocably have deposited or caused to be deposited with the Trustee as trust funds in trust for
the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the holders of such Securities, (A) money in an amount, or (B) U.S. Government Obligations which through the
scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment, money in an amount, or (C) a combination thereof, sufficient, without
reinvestment, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee to pay and
discharge, (i) the principal of and any premium and interest on the Outstanding Securities of such series to maturity or redemption, as the case may be, and (ii) any mandatory sinking fund payments or analogous payments applicable to the
Outstanding Securities of such series on the due dates thereof. Before such a deposit the Company may make arrangements satisfactory to the Trustee for the redemption of Securities at a future date or dates in accordance with Article 3 which shall
be given effect in applying the foregoing. For this purpose, “U.S. Government Obligations” means securities that are (x) direct obligations of the United States of America for the payment of which its full faith and credit is
pledged or (y) obligations of a person controlled or supervised by and acting as an agency or instrumentality of the United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United
States of America, which, in either case, are not callable or redeemable at the option of 

  
 51 

 
the issuer thereof, and shall also include a depository receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any such U.S. Government
obligation or a specific payment of principal of or interest on any such U.S. Government Obligation held by such custodian for the account of the holder of such depository receipt, provided that (except as required by law) such custodian is not
authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment of principal of or interest on the U.S.
Government Obligation evidenced by such depository receipt; 
 (b)    No Default, or event that after notice or lapse of
time, or both, would become a Default with respect to the Securities of such series, shall have happened and be continuing (A) on the date of such deposit or (B) insofar as Section 6.01(a) and Section 6.01(b) are concerned, at
any time during the period ending on the 123rd day after the date of such deposit or, if longer, ending on the day following the expiration of the longest preference period applicable to the Company in respect of such deposit (it being understood
that the condition in this clause (B) is a condition subsequent and shall not be deemed satisfied until the expiration of such period); 

(c)    Such defeasance or covenant defeasance shall not (A) cause the Trustee for the Securities of such series to
have a conflicting interest as defined in Section 7.08 or for purposes of the Trust Indenture Act with respect to any securities of the Company or (B) result in the trust arising from such deposit to constitute, unless it is qualified as,
a regulated investment company under the Investment Company Act of 1940, as amended; 
 (d)    Such defeasance or
covenant defeasance shall not result in a breach or violation of, or constitute a default under, this Indenture or any other agreement or instrument to which the Company is a party or by which it is bound; 

(e)    Such defeasance or covenant defeasance shall not cause any Securities of such series then listed on any registered
national securities exchange under the Exchange Act to be delisted; 
 (f)    In the case of a defeasance under
Section 14.02, the Company shall have delivered to the Trustee an Opinion of Counsel stating that (x) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (y) since the date of this
Indenture there has been a change in the applicable federal income tax law, in either case to the effect that, and based thereon such opinion shall confirm that, the holders of the Outstanding Securities of such series will not recognize income,
gain or loss for federal income tax purposes as a result of such defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such defeasance had not occurred; 

(g)    In the case of covenant defeasance under Section 14.03, the Company shall have delivered to the Trustee an
Opinion of Counsel to the effect that the holders of the Outstanding Securities of such series will not recognize income, gain or loss for federal income tax purposes as a result of such covenant defeasance and will be subject to federal income tax
on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred; 

  
 52 

 (h)    Such defeasance or covenant defeasance shall be effected in
compliance with any additional terms, conditions or limitations which may be imposed on the Company in connection therewith pursuant to Section 2.03(b); and 

(i)    The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each
stating that all conditions precedent and subsequent provided for in this Indenture relating to either the defeasance under Section 14.02 or the covenant defeasance under Section 14.03, as the case may be, have been complied with. 

SECTION 14.05     Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions. 

All money and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee pursuant to Section 14.04 in respect
of the Outstanding Securities of such series shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through any paying agent (but not including
the Company acting as its own paying agent) as the Trustee may determine, to the holders of such Securities of all sums due and to become due thereon in respect of principal and any premium and interest, but such money need not be segregated from
other funds except to the extent required by law. 
 The Company shall pay and indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against the money or U.S. Government Obligations deposited pursuant to Section 14.04 or the principal and interest received in respect thereof. 

Anything herein to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request any
money or U.S. Government Obligations held by it as provided in Section 14.04 which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in
excess of the amount thereof which would then be required to be deposited to effect an equivalent defeasance or covenant defeasance, provided that the Trustee shall not be required to liquidate any U.S. Government Obligations in order to comply with
the provisions of this paragraph. 
 Anything herein to the contrary notwithstanding, if and to the extent the deposited money or U.S.
Government Obligations (or the proceeds thereof) either (i) cannot be applied by the Trustee in accordance with this Section because of a court order or by operation of Article 16 or (ii) are for any reason insufficient in amount, then the
Company’s obligations to pay principal of and any premium and interest on the Securities of such series shall be reinstated to the extent necessary to cover the deficiency on any due date for payment. In any such case, the Company’s
interest in the deposited money and U.S. Government Obligations (and proceeds thereof) shall be reinstated to the extent the Company’s payment obligations are reinstated. 

ARTICLE 15 

MISCELLANEOUS PROVISIONS 

SECTION 15.01     Benefits of Indenture Restricted to Parties and Securityholders. 

Nothing in this Indenture or in the Securities, expressed or implied, shall give or be construed to give to any person, firm or corporation,
other than the parties hereto and their 

  
 53 

 
successors and assigns and the holders of the Securities (and, with respect to the provisions of Article 16, the holders of senior indebtedness), any legal or equitable right, remedy or claim
under this Indenture or under any covenant or provision herein contained, all such covenants and provisions being for the sole benefit of the parties hereto and their successors and assigns and the holders of the Securities (and, with respect to the
provisions of Article 16, the holders of senior indebtedness). 
 SECTION 15.02     Provisions Binding on Company’s
Successors. 
 All the covenants, stipulations, promises and agreements in this Indenture contained by or in behalf of the Company shall
bind its successors and assigns, whether so expressed or not. 
 SECTION 15.03     Addresses for Notices, etc., to Company and
Trustee. 
 Any notice or demand which by any provisions of this Indenture is required or permitted to be given or served by the Trustee
or by the holders of Securities to or on the Company may be given or served by postage prepaid first class mail or email addressed (until another address is filed by the Company with the Trustee), as follows: Horizon Bancorp, Inc., 515 Franklin
Street, Michigan City, Indiana, 46360, Attn: Chief Financial Officer, or Email: msecor@horizonbank.com. Any notice, direction, request or demand by any securityholder to or upon the Trustee shall be deemed to have been sufficiently given or made,
for all purposes, if given or made in writing at the Corporate Trust Office of the Trustee as set forth in Section 4.02. 
 SECTION 15.04
    Notice to Holders of Securities; Waiver. 
 Except as otherwise expressly provided herein, where this Indenture
provides for notice of holders of Securities of any event, such notice shall be sufficiently given to holders of Registered Securities if in writing and mailed, first-class postage prepaid, to each holder of a Registered Security affected by such
event, at the address of such holder as it appears in the Security Register, not earlier than the earliest date, and not later than the latest date, prescribed for the giving of such notice. 

In case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice to
holders of Registered Securities by mail, then such notification as shall be made with the approval of the Trustee shall constitute sufficient notice to such holders for every purpose hereunder. In any case where notice to holders of Registered
Securities is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular holder of a Registered Security shall affect the sufficiency of such notice with respect to other holders of Registered
Securities 
 Notwithstanding any other provision of this Indenture or any Security, where this Indenture or any Security provides for
notice of any event (including any notice of redemption and any notice delivered by mail) to a holder of a global Security, such notice shall be sufficiently given when delivered to the depositary for such global Security (or its designee) pursuant
to the customary procedures of such depositary. 
 Where this Indenture provides for notice in any manner, such notice may be waived in
writing by the person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by holders of Securities shall be filed with the Trustee, but such filing shall not be
a condition precedent to the validity of any action taken in reliance upon such waiver. 

  
 54 

 Any request, demand, authorization, direction, notice, consent or waiver required or
permitted under this Indenture shall be in the English language 
 SECTION 15.05     Evidence of Compliance with Conditions
Precedent. 
 Upon any application or demand by the Company to the Trustee to take any action under any of the provisions of this
Indenture, the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating
that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or demand as to which the furnishing of such documents is specifically required by any provision of
this Indenture relating to such particular application or demand, no additional certificate or opinion need be furnished. 
 Each
Officers’ Certificate and Opinion of Counsel provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or covenant provided for in this Indenture shall include (1) a statement that the person
making such certificate or opinion has read such covenant or condition; (2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are
based; (3) a statement that, in the opinion of such person, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and
(4) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with. 
 SECTION 15.06
    Legal Holidays. 
 In any case where the date of maturity of interest on or principal of the Securities or the
date fixed for redemption of any Securities shall be a Saturday or Sunday or a legal holiday in New York, New York, the Place of Payment or in such other place or places as the Company may designate pursuant to Section 4.02, or a day on which
banking institutions in New York, New York, the Place of Payment or in such other place or places are authorized by law or required by executive order to close, then payment of interest or principal (and premium, if any) need not be made on such
date but may be made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date. 

SECTION 15.07     Trust Indenture Act to Control. 

If and to the extent that any provision of this Indenture limits, qualifies or conflicts with another provision included in this Indenture
which is required to be included in this Indenture by any of Sections 310 to 317, inclusive, of the Trust Indenture Act, such required provision shall control. 

  
 55 

 SECTION 15.08     Execution in Counterparts. 

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

SECTION 15.09     Governing Law; Jurisdiction; Waiver of Trial by Jury. 

This Indenture and each Security shall be deemed to be a contract made under the laws of the State of New York, and for all purposes shall be
governed by and construed in accordance with the laws of the State of New York. 
 The parties hereto hereby (i) irrevocably submit to
the non-exclusive jurisdiction of any federal or state court sitting in the Borough of Manhattan, the city of New York, (ii) waive any objection to the laying of venue in any such action or proceeding in
such courts, and (iii) waive any objection that such courts are inconvenient forum or do not have jurisdiction over any party. 
 EACH
OF THE PARTIES HERETO HEREBY WAIVES THE RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS INDENTURE. 

SECTION 15.10     Separability Clause. 

In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 The Trustee, by its execution of this
Indenture, hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth. 

ARTICLE 16 

SUBORDINATION OF SECURITIES 

SECTION 16.01     Securities Subordinate to Senior Indebtedness. 

The payment by the Company of the principal of and any premium and interest on any series of Securities issued hereunder shall be subordinated
to the extent set forth in an indenture supplemental hereto relating to such Securities. 

  
 56 

 IN WITNESS WHEREOF, the Company has caused this Indenture to be signed and acknowledged by
its Chief Executive Officer or Chief Financial Officer, and the Trustee has caused this Indenture to be signed and acknowledged by one of its Vice Presidents, all as of the day and year first above written. 

 

			
	Horizon Bancorp, Inc.
		
	 By:
	 	 /s/ Craig M. Dwight

	 Name:
	 	 Craig M. Dwight

	 Title: 
	 	 Chief Executive Officer

	
	Wilmington Trust, National Association, as Trustee
		
	 By:
	 	 /s/ Michael Wass

	Name:	 	Michael Wass
	Title:	 	Vice President

 EXHIBIT A 

FORMS OF CERTIFICATION 

EXHIBIT A.1 
 [FORM OF
CERTIFICATE TO BE GIVEN BY PERSON ENTITLED TO RECEIVE (1) 
 SECURITY INITIALLY REPRESENTED BY A TEMPORARY GLOBAL SECURITY 

OR (2) INTEREST ON A TEMPORARY GLOBAL SECURITY] 

CERTIFICATE 
 [Insert title
or sufficient description of Securities] 
 This is to certify that the above-captioned Securities are being acquired by or on behalf of,
(or for offer to resell or for resale to), and if this certificate is being delivered in connection with a payment of interest, were beneficially owned by or on behalf of, (a) a person (other than a financial institution for purposes of resale
during the restricted period) who is not a United States person; or (b) a United States person (other than a financial institution for purposes of resale during the restricted period) who is (i) a foreign branch of a United States
financial institution or (ii) a United States person acquiring such Securities through the foreign branch of a United States financial institution and who for purposes of this certification holds such Securities through such financial
institution on the date hereof, and, in the case of either (i) or (ii), such United States financial institution has agreed, for the benefit of the Company, to comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the
Internal Revenue Code of 1986, as from time to time amended, and the regulations thereunder; or (c) a financial institution for purposes of resale during the restricted period and such financial institution has not acquired such Securities for
purposes of resale directly or indirectly to a United States person or to a person within the United States or its possessions. If the undersigned is a clearing organization, the undersigned has obtained a similar certificate from its member
organizations on which this certificate is based; provided, however, that if the undersigned has actual knowledge that the information contained in such a certificate is false (and, absent documentary evidence that the beneficial owner
of such Security is not a United States person, it will be deemed to have actual knowledge that such certificate is false if it has a United States address for such beneficial owner, other than a financial institution described above), the
undersigned will not deliver a Security in temporary form to the person who signed such certificate notwithstanding the delivery of such certificate to the undersigned. 

As used herein, “United States person” means a citizen or resident of the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States and an estate or trust the income of which is subject to United States federal income taxation regardless of its source, “United States” means the United States of America
(including the States and the District of Columbia), “possessions” of the United States include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and Northern Mariana Islands, “restricted period” means the
period described in Section 1.163-5(c)(2)(i)(D)(7) of the Treasury Regulations and “financial institution” means the persons described in
Section 1.165-12(c)(1)(v) of the Treasury Regulations. 

  
 A-1-1 

 We undertake to advise you by telex if the above statement as to beneficial ownership is not
correct on the date of delivery of the above-captioned Securities or on the interest payment date with respect to the above-captioned Securities, as the case may be, as to all of such Securities. 

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

Dated: _____________________, 20___ 
 [To be dated on or after

 _____________________, 20___ 
 (the date determined as
provided in the Indenture)] 
  

			
	 [Name of Person Entitled to Receive

	 Interest],

	
	  

	 (Authorized
Signatory)

 
			
		
	 Name:
	 	  

		
	 Title:
	 	  

  
 A-1-2 

 EXHIBIT A.2 

[FORM OF CERTIFICATE TO BE GIVEN BY EUROCLEAR AND CLEARSTREAM, 

LUXEMBOURG IN CONNECTION WITH THE EXCHANGE OF A 

PORTION OF A TEMPORARY GLOBAL SECURITY] 

CERTIFICATE 
 [Insert title
or sufficient description of Securities to be delivered] 
 This is to certify that, based on certificates we have received from each of the
persons appearing in our records as persons entitled to a portion of _______________________ principal amount of the above-captioned Securities (our “Qualified Account Holders”) substantially in the form set out in Exhibit A.1 to the
Indenture relating to the above-captioned Securities, such principal amount of Securities (a) is owned by a person (other than a financial institution for purposes of resale during the restricted period) who is not a United States person;
(b) is owned by a United States person (other than a financial institution for purposes of resale during the restricted period) who is (i) a foreign branch of a United States financial institution or (ii) a United States person who
acquired such Securities through the foreign branch of a United States financial institution and who for purposes of this certification holds such Securities through such financial institution on the date hereof and, in either case, such United
States financial institution has agreed, for the benefit of the Company, to comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as from time to time amended, and the regulations
thereunder; or (c) is owned by a financial institution for purposes of resale during the restricted period and such financial institution has certified that it has not acquired such Securities for purposes of resale directly or indirectly to a
United States person or to a person within the United States or its possessions. 
 To the extent that we have knowledge that any of such
certificates from a Qualified Account Holder is false and to the extent that we have not received with respect to any Securities such certificates from Qualified Account Holders, we are not submitting for exchange any portion of the temporary global
Security attributable thereto. 
 We further certify that as of the date hereof we have not received any notification from any of our
Qualified Account Holders to the effect that the statements made by such Qualified Account Holders with respect to any portion of the part submitted herewith for exchange are no longer true and cannot be relied upon as of the date hereof. 

As used herein, “United States person” means a citizen or resident of the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States and an estate or trust the income of which is subject to United States federal income taxation regardless of its source, “United States” means the United States of America
(including the States and the District of Columbia), “possessions” of the United States include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and Northern Mariana Islands, “restricted period” means the
period described in Section 1.163-5(c)(2)(i)(D)(7) of the Treasury Regulations and “financial institution” means the persons described in
Section 1.165-12(c)(l)(v) of the Treasury Regulations. 

  
 A-2-1 

 We understand that this certificate is required in connection with certain tax legislation
in the United States. If administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate or a copy thereof to any interested
party in such proceedings. 
 Dated: _____________________, 20___ 

[To be dated no earlier than the Exchange Date] 
  

			
	[Euroclear Bank]
	[Clearstream Banking, société anonyme]

 
			
		
	By:	 	  

  
 A-2-2 

 EXHIBIT A.3 

[FORM OF CERTIFICATE TO BE GIVEN BY EUROCLEAR AND CLEARSTREAM, 

LUXEMBOURG TO OBTAIN INTEREST] 

CERTIFICATE 
 [Insert title
or sufficient description of Securities] 
 This is to certify that interest payable on the interest payment date[s] on [insert date(s)]
will be paid with respect to _ principal amount of the above-captioned Securities with respect to which we have received from the persons appearing in our records as being entitled to interest payable on such date (our “Qualified Account
Holders”) certificates substantially in the form set out in Exhibit A.1 to the Indenture relating to the above-captioned Securities that such Securities (a) are owned by a person (other than a financial institution for purposes of resale
during the restricted period) who is not a United States person; (b) are owned by a United States person (other than a financial institution for purposes of resale during the restricted period) who is (i) a foreign branch of a United
States financial institution or (ii) a United States person who acquired such Securities through the foreign branch of a United States financial institution and who for purposes of this certification holds such Securities through such financial
institution on the date hereof and, in either case, such United States financial institution has agreed, for the benefit of the Company, to comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of
1986, as from time to time amended, and the regulations thereunder; or (c) are owned by a financial institution for purposes of resale during the restricted period and such financial institution has certified that it has not acquired such
Securities for purposes of resale directly or indirectly to a United States person or to a person within the United States or its possessions. 

To the extent that we have knowledge that any of such certificates from a Qualified Account Holder is false and to the extent that we have not
received with respect to any Securities such certificates from Qualified Account Holders, we are not requesting that payment be made for interest with respect thereto. 

We further certify that as of the date hereof we have not received any notification from any of our Qualified Account Holders to the effect
that the statements made by such Qualified Account Holders with respect to any interest payment on any portion of the principal amount of the Securities referred to above are no longer true and cannot be relied upon as of the date hereof. 

We undertake that any interest received by us and not paid as provided above shall be returned to the Trustee for the above-captioned
Securities immediately prior to the expiration of two years after such interest payment date in order to be repaid by such Trustee to the above issuer at the end of two years after such interest payment date. 

As used herein, “United States person” means a citizen or resident of the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States and an estate or trust the income of which is subject to United States federal income taxation regardless of its source, “United States” means the United States of America
(including 

  
 A-3-1 

 
the States and the District of Columbia), “possessions” of the United States include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and Northern Mariana
Islands, “restricted period” means the period described in Section 1.163-5(c)(2)(i)(D)(7) of the Treasury Regulations and “financial institution” means the persons described in Section 1.165-12(c)(l)(v) of the Treasury Regulations. 
 We understand that this certificate is
required in connection with certain tax legislation in the United States. If administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce
this certificate or a copy thereof to any interested party in such proceedings. 
 Dated: _____________________, 20___ 

[To be dated on or after the most recent relevant 
 interest
payment date] 
  

			
	 [Euroclear Bank]

	 [Clearstream Banking, société
anonyme]

 
			
		
	 By:
	 	  

  
 A-3-2

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