Document:

Exhibit 4.1

      

    
      

      

      

      

      MercadoLibre, Inc.

      

      

      as Issuer

      

      

      MercadoLibre S.R.L.,

      

      

      eBazar.com.br Ltda.,

      

      

      Ibazar.com Atividades de Internet Ltda.,

      

      

      MercadoEnvios Servicos de Logistica Ltda.,

      

      

      MercadoPago.com Representações Ltda.,

      

      

      DeRemate.com de México, S. de R.L. de C.V.,

      

      

      MercadoLibre, S. de R.L. de C.V.,

      

      

      MercadoLibre Chile Ltda.

      

      

      and

      

      

      MercadoLibre Colombia Ltda.

      

      

      as Initial Guarantors

      

      

      

      

      

      

      
        

      

      

      INDENTURE

      

      

      Dated as of                   , 20

      

      

      
        

      

      

      The Bank of New York Mellon

      

      

      as Trustee, Registrar, Paying Agent

        and Transfer Agent

      

      

      
        

        

        

        

        

        

      

      

      

      

      

      
        
          

      

      

      

      MERCADOLIBRE, INC.

      

      

      Reconciliation and tie between Trust Indenture Act of 1939

        and Indenture, dated as of                    , 20

      

      

      
        

      

      

      

      

      	
              
                Section of

                  Trust Indenture

                  Act of 1939

              

            	 	
              
                Section(s) of 

                Indenture

              

            
	
              §310 (a)(1)

            	 	
              7.10

            
	
              (a)(2)

            	 	
              7.10

            
	
              (a)(3)

            	 	
              Not Applicable

            
	
              (a)(4)

            	 	
              Not Applicable

            
	
              (a)(5)

            	 	
              7.10

            
	
              (b)

            	 	
              7.8, 7.10

            
	
              §311 (a)

            	 	
              7.11

            
	
              (b)

            	 	
              7.11

            
	
              (c)

            	 	
              Not Applicable

            
	
              §312 (a)

            	 	
              2.4

            
	
              (b)

            	 	
              10.2

            
	
              §313 (a)

            	 	
              7.6

            
	
              (b)

            	 	
              7.6

            
	
              (c)

            	 	
              7.6

            
	
              (d)

            	 	
              7.6

            
	
              §314 (a)

            	 	
              4.2, 4.7

            
	
              (b)

            	 	
              Not Applicable

            
	
              (c)(1)

            	 	
              10.3

            
	
              (c)(2)

            	 	
              10.3

            
	
              (c)(3)

            	 	
              Not Applicable

            
	
              (d)

            	 	
              Not Applicable

            
	
              (e)

            	 	
              10.4

            
	
              §315 (a)

            	 	
              7.1(b)

            
	
              (b)

            	 	
              7.5

            
	
              (c)

            	 	
              7.1(a)

            
	
              (d)

            	 	
              7.1(c)

            
	
              (d)(1)

            	 	
              7.1(c)(1)

            
	
              (d)(2)

            	 	
              7.1(c)(2)

            
	
              (d)(3)

            	 	
              7.1(c)(3)

            
	
              (e)

            	 	
              6.14

            
	
              §316 (a)(1)(A)

            	 	
              6.12

            
	
              (a)(1)(B)

            	 	
              6.13

            
	
              (a)(2)

            	 	
              Not Applicable

            
	
              (a)(last sentence)

            	 	
              2.10

            
	
              (b)

            	 	
              6.8

            
	
              §317 (a)(1)

            	 	
              6.3

            
	
              (a)(2)

            	 	
              6.4

            
	
              (b)

            	 	
              2.6

            
	
              §318 (a)

            	 	
              10.19

            

      ___________

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

      

      

      
        
          

      

      
      
        	
                TABLE OF CONTENTS

              
	 	
                Page

              
	
                ARTICLE I. DEFINITIONS AND INCORPORATION BY REFERENCE

              	
                1

              
	 	
                Section 1.1.

              	
                Definitions

              	
                1

              
	 	
                Section 1.2.

              	
                Other Definitions

              	
                7

              
	 	
                Section 1.3.

              	
                Rules of Construction

              	
                7

              
	
                ARTICLE II. THE SECURITIES

              	
                8

              
	 	
                Section 2.1.

              	
                Issuable in Series

              	
                8

              
	 	
                Section 2.2.

              	
                Establishment of Terms of Series of Securities

              	
                8

              
	 	
                Section 2.3.

              	
                Execution and Authentication

              	
                11

              
	 	
                Section 2.4.

              	
                Paying Agent, Registrar and Transfer Agent

              	
                12

              
	 	
                Section 2.5.

              	
                Paying Agent to Hold Money in Trust

              	
                13

              
	 	
                Section 2.6.

              	
                Securityholder Lists

              	
                13

              
	 	
                Section 2.7.

              	
                Transfer and Exchange

              	
                13

              
	 	
                Section 2.8.

              	
                Mutilated, Destroyed, Lost and Stolen Securities

              	
                14

              
	 	
                Section 2.9.

              	
                Outstanding Securities

              	
                15

              
	 	
                Section 2.10.

              	
                Treasury Securities

              	
                15

              
	 	
                Section 2.11.

              	
                Temporary Securities

              	
                15

              
	 	
                Section 2.12.

              	
                Cancellation

              	
                16

              
	 	
                Section 2.13.

              	
                Defaulted Interest

              	
                16

              
	 	
                Section 2.14.

              	
                Global Securities

              	
                17

              
	 	
                Section 2.15.

              	
                Form of Face of Security

              	
                19

              
	 	
                Section 2.16.

              	
                Form of Reverse of Security

              	
                21

              
	 	
                Section 2.17.

              	
                Form of Trustee’s Certificate of Authentication

              	
                23

              
	 	
                Section 2.18.

              	
                CUSIP Numbers

              	
                24

              
	 	
                Section 2.19.

              	
                Guarantees

              	
                24

              
	
                ARTICLE III. GUARANTEES

              	
                24

              
	 	
                Section 3.1.

              	
                Guarantee

              	
                24

              
	 	
                Section 3.2.

              	
                Limitation on Guarantor Liability

              	
                26

              
	 	
                Section 3.3.

              	
                Execution and Delivery of Guarantee

              	
                26

              
	 	
                Section 3.4.

              	
                Releases

              	
                27

              
	
                ARTICLE IV. REDEMPTION

              	
                28

              
	 	
                Section 4.1.

              	
                Notice to Trustee; No Liability for Calculations

              	
                28

              
	 	
                Section 4.2.

              	
                Selection of Securities to be Redeemed

              	
                28

              
	 	
                Section 4.3.

              	
                Notice of Redemption

              	
                28

              
	 	
                Section 4.4.

              	
                Effect of Notice of Redemption

              	
                30

                

              
	 	
                Section 4.5.

              	
                Deposit of Redemption Price

              	
                30

              
	 	
                Section 4.6.

              	
                Securities Redeemed in Part

              	
                30

              
	
                ARTICLE V. COVENANTS

              	
                30

              
	 	
                Section 5.1.

              	
                Payment of Principal, Premium and Interest

              	
                30

              
	 	
                Section 5.2.

              	
                Compliance Certificate

              	
                30

              
	 	
                Section 5.3.

              	
                Stay, Extension and Usury Laws

              	
                31

              
	 	
                Section 5.4.

              	
                Additional Amounts

              	
                31

              
	 	
                Section 5.5.

              	
                Reports

              	
                32

              

        

        

        
          i

          
            

        

        	
                ARTICLE VI. SUCCESSORS

              	
                32

              
	 	
                Section 6.1.

              	
                Consolidation, Amalgamation, Merger and Sale of Assets

              	
                32

              
	
                ARTICLE VII. DEFAULTS AND REMEDIES

              	
                35

              
	 	
                Section 7.1.

              	
                Events of Default

              	
                35

              
	 	
                Section 7.2.

              	
                Acceleration of Maturity; Rescission and Annulment

              	
                36

              
	 	
                Section 7.3.

              	
                Collection of Indebtedness and Suits for Enforcement by Trustee

              	
                37

              
	 	
                Section 7.4.

              	
                Trustee May File Proofs of Claim

              	
                38

              
	 	
                Section 7.5.

              	
                Trustee May Enforce Claims Without Possession of Securities

              	
                38

              
	 	
                Section 7.6.

              	
                Application of Money Collected

              	
                38

              
	 	
                Section 7.7.

              	
                Limitation on Suits

              	
                39

              
	 	
                Section 7.8.

              	
                Unconditional Right of Holders to Receive Principal and Interest

              	
                39

              
	 	
                Section 7.9.

              	
                Restoration of Rights and Remedies

              	
                39

              
	 	
                Section 7.10.

              	
                Rights and Remedies Cumulative

              	
                40

              
	 	
                Section 7.11.

              	
                Delay or Omission Not Waiver

              	
                40

              
	 	
                Section 7.12.

              	
                Control by Holders

              	
                40

              
	 	
                Section 7.13.

              	
                Waiver of Past Defaults

              	
                41

              
	 	
                Section 7.14.

              	
                Undertaking for Costs

              	
                41

              
	
                ARTICLE VIII. TRUSTEE

              	
                41

              
	 	
                Section 8.1.

              	
                Duties of Trustee

              	
                41

              
	 	
                Section 8.2.

              	
                Rights of Trustee

              	
                42

              
	 	
                Section 8.3.

              	
                May Hold Securities

              	
                44

              
	 	
                Section 8.4.

              	
                Trustee’s Disclaimer

              	
                44

              
	 	
                Section 8.5.

              	
                Notice of Defaults

              	
                44

              
	 	
                Section 8.6.

              	
                Reports by Trustee to Holders

              	
                45

              
	 	
                Section 8.7.

              	
                Compensation and Indemnity

              	
                45

              
	 	
                Section 8.8.

              	
                Replacement of Trustee

              	
                46

              
	 	
                Section 8.9.

              	
                Successor Trustee by Merger, etc.

              	
                48

              
	 	
                Section 8.10.

              	
                Eligibility; Disqualification

              	
                48

              
	 	
                Section 8.11.

              	
                Preferential Collection of Claims Against Company

              	
                48

              
	
                ARTICLE IX. DISCHARGE OF INDENTURE

              	
                48

              
	 	
                Section 9.1.

              	
                Legal Defeasance and Covenant Defeasance

              	
                48

              
	 	
                Section 9.2.

              	
                Application of Trust Money

              	
                51

              
	 	
                Section 9.3.

              	
                Repayment to Company

              	
                51

              
	 	
                Section 9.4.

              	
                Reinstatement

              	
                52

              
	 	
                Section 9.5.

              	
                Satisfaction and Discharge

              	
                52

              
	
                ARTICLE X. AMENDMENTS AND WAIVERS

              	
                53

              
	 	
                Section 10.1.

              	
                Without Consent of Holders

              	
                53

              
	 	
                Section 10.2.

              	
                With Consent of Holders

              	
                54

              
	 	
                Section 10.3.

              	
                Form of Amendments

              	
                55

              
	 	
                Section 10.4.

              	
                Revocation and Effect of Consents

              	
                55

              
	 	
                Section 10.5.

              	
                Notation on or Exchange of Securities

              	
                56

              
	 	
                Section 10.6.

              	
                Trustee Protected

              	
                56

              

        

        

        
          ii

          
            

        

        	
                ARTICLE XI. MISCELLANEOUS

              	
                56

              
	 	
                Section 11.1.

              	
                Notices

              	
                56

              
	 	
                Section 11.2.

              	
                Communication by Holders with Other Holders

              	
                58

              
	 	
                Section 11.3.

              	
                Certificate and Opinion as to Conditions Precedent

              	
                58

              
	 	
                Section 11.4.

              	
                Statements Required in Certificate or Opinion

              	
                58

              
	 	
                Section 11.5.

              	
                Rules by Trustee and Agents

              	
                59

              
	 	
                Section 11.6.

              	
                Legal Holidays

              	
                60

                

              
	 	
                Section 11.7.

              	
                No Personal Liability of Directors, Officers, Employees and Certain Others

              	
                60

                

              
	 	
                Section 11.8.

              	
                FATCA.

              	
                60

              
	 	
                Section 11.9.

              	
                Counterparts

              	
                60

              
	 	
                Section 11.10.

              	
                Governing Laws

              	
                60

              
	 	
                Section 11.11.

              	
                No Adverse Interpretation of Other Agreements

              	
                61

              
	 	
                Section 11.12.

              	
                Successors and Assigns

              	
                61

              
	 	
                Section 11.13.

              	
                Severability

              	
                61

              
	 	
                Section 11.14.

              	
                Table of Contents, Headings, Etc.

              	
                61

              
	 	
                Section 11.15.

              	
                Judgment Currency

              	
                61

              
	 	
                Section 11.16.

              	
                English Language

              	
                62

              
	 	
                Section 11.17.

              	
                Submission to Jurisdiction; Appointment of Agent

              	
                62

              
	 	
                Section 11.18.

              	
                Waiver of Immunity

              	
                62

              
	 	
                Section 11.19.

              	
                Waiver of Jury Trial

              	
                63

              
	 	
                Section 11.20.

              	
                Trust Indenture Act Controls

              	
                63

              

      

      

      

      
        iii

        
          

      

      
      

      

      Indenture dated as of                  , 20    by and between MercadoLibre, Inc., a Delaware corporation (the “Company”), MercadoLibre S.R.L., eBazar.com.br Ltda., Ibazar.com Atividades de Internet Ltda., MercadoEnvios Servicos de Logistica Ltda., MercadoPago.com Representações Ltda., DeRemate.com de México, S. de R.L.
        de C.V., MercadoLibre, S. de R.L. de C.V., MercadoLibre Chile Ltda. and MercadoLibre Colombia Ltda. (collectively, the “Initial Guarantors”) and The Bank of New York Mellon, as trustee (the “Trustee”), registrar, paying agent and transfer agent.

      

      

      Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the Holders (as defined
        below) of the Securities (as defined below) issued under this Indenture.

      

      

      ARTICLE I.

        DEFINITIONS AND INCORPORATION BY REFERENCE

      

      

      Section 1.1.          Definitions.

      

      

      “Affiliate” of any specified Person means any other Person directly or indirectly controlling
        or controlled by or under common control with such specified Person.  For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”), as used with respect to any
        Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities or by agreement or otherwise.

      

      

      “Agent” means any Registrar, Paying Agent or Transfer Agent or any other agent appointed
        pursuant to this Indenture.

      

      

      “Bankruptcy Law” means Title 11, U.S. Code or any similar U.S. federal or state law or
        non-U.S. law for the relief of debtors.

      

      

      “Bankruptcy Law Event of Default” means:

      

      

      (1)          the Company or any of its Significant Subsidiaries, pursuant to or under or within the meaning of any Bankruptcy Law:

      

      

      (A)          commences a voluntary
          case or proceeding to be adjudicated as bankrupt or insolvent;

      

      

      (B)          consents to the entry
          of a Bankruptcy Order in an involuntary case or proceeding or consents to the commencement of any case against it (or them);

      

      

      (C)          consents to the
          appointment of a custodian, receiver, liquidator, assignee, trustee, síndico, conciliador, sequestrator or similar
          official of it (or them) or for all or any substantial part of its property;

      
        1

        
          

      

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

      

      

      (E)          files an answer or
          consent seeking reorganization or relief;

      

      

      (F)          admits in writing its
          inability to pay its (or their) debts generally; or

      

      

      (G)          consents to the filing
          of a petition in bankruptcy;

      

      

      (2)          

       a court of competent jurisdiction in any involuntary case or proceeding enters a Bankruptcy
          Order against the Company or any Significant Subsidiary, or of all or any substantial part of the property of the Company or any Significant Subsidiary;

      

      

      (3)

               

       a court of competent jurisdiction approves as properly filed an involuntary bankruptcy or
          insolvency petition against the Company or any Significant Subsidiary, or of all or any substantial part of the property of the Company or any Significant Subsidiary, and such decree remains undischarged or unstayed and in effect for  a period of
          90 days; or

      

      

      (4)          

       a custodian, receiver, liquidator, assignee, trustee, síndico,

            conciliador, sequestrator or similar official is appointed out of court with respect to the Company or any Significant Subsidiary or with respect to all or any substantial part of the assets or properties of the Company or any
          Significant Subsidiary.

      

      

      “Bankruptcy Order” means any court order made in a proceeding pursuant to or within the
        meaning of any Bankruptcy Law, containing an adjudication of bankruptcy or insolvency, or providing for liquidation, receivership, winding-up, dissolution, suspension of payments, reorganization or similar proceedings, or appointing a custodian of
        a debtor or of all or any substantial part of a debtor’s property, or providing for the staying, arrangement, adjustment or composition of indebtedness or other relief of a debtor, in each case other than a solvent liquidation complying with the
        requirements of Article VI.

      

      

      “Board of Directors” means the Board of Directors, managing partner or similar governing body
        of the Company, or any Guarantor, or any duly authorized committee thereof.

      

      

      “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
        Secretary of the Company or any Guarantor, as applicable, to have been adopted by its Board of Directors or pursuant to authorization by its Board of Directors and to be in full force and effect on the date of the certification and delivered to the
        Trustee.

      

      

      “Business Day” means, unless otherwise provided by Board Resolution and Officer’s Certificate
        or by supplemental indenture for a particular Series, any day except a Saturday, a Sunday, or a legal holiday or a day on which commercial banks and foreign exchange markets in any of the City of New York, New York or a place of payment are
        authorized or obligated by law, regulation or executive order to remain closed.

      
        2

        
          

      

      “Capital Stock” means (1) in the case of a corporation, corporate stock or shares in the
        capital of the corporation; (2) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock; (3) in the case of a partnership or limited
        liability company, partnership interests (whether general or limited) or membership interests; and (4) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of
        assets of, the issuing Person, but excluding from all of the foregoing any debt securities convertible into Capital Stock, whether or not such debt securities include any right of participation with Capital Stock.

      

      

      “Certificated Securities” means definitive Securities in registered non-global certificated
        form.

      

      

      “Company” means the party named as such in the introductory paragraph to this Indenture and
        its successors and assigns.

      

      

      “Company Order” or “Company Request” means a written
        request or order signed in the name of the Company by any of the Company’s Officers.

      

      

      “Corporate Trust Office” means the office of the Trustee at which at any particular time its
        corporate trust business shall be principally administered, which, as of the date hereof is the address set forth in Section 11.1.

      

      

      “Covenant Defeasance” has the meaning assigned to it in Section 9.1.

      

      

      “Default” means any event which is, or after notice or passage of time or both would be, an
        Event of Default.

      

      

      “Depositary” means, with respect to the Securities of any Series issuable or issued in whole
        or in part in the form of one or more Global Securities, the Person designated as Depositary for such Series by the Company which Depositary shall be a clearing agency registered under the Exchange Act; and if at any time there is more than one
        such Person, “Depositary” as used with respect to the Securities of any Series shall mean the Depositary with respect to the Securities of such Series.

      

      

      “Discount Security” means any Security that provides for an amount less than the stated
        principal amount thereof to be due and payable upon declaration of acceleration of the Maturity thereof pursuant to Section 7.2.

      

      

      “Dollars” or “U.S.$” means the currency of The
        United States of America.

      

      

      “Event of Default” has the meaning provided in Section 7.1

      

      

      “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended or any successor
        statute or statutes thereto.

      
        3

        
          

      

      “Excluded Subsidiary” means any Subsidiary that: (i) is not or ceases to be a Wholly Owned
        Subsidiary of the Company as a consequence of a third party investing in or acquiring Capital Stock of such Subsidiary for fair market value, as determined in good faith by the Company; (ii) is prohibited or restricted by applicable law or
        regulation from being or becoming a Guarantor or, if the guarantee of the Securities would require governmental (including regulatory) consent, approval, license or authorization, or is or becomes a regulated entity that is subject to net worth or
        net capital or similar capital and surplus restrictions, and in each case, the Company reasonably determines that the granting or maintenance of a Guarantee by such Subsidiary is prohibited by, or would be unduly burdensome under, applicable laws
        or regulations; or (iii) in the case of any Subsidiary other than an Initial Guarantor, the Company reasonably determines that the granting or maintenance of a Guarantee by such Subsidiary would result in adverse tax consequences to the Company or
        any of its Subsidiaries.

      

      

      “GAAP” means accounting principles generally accepted in the United States of America.

      

      

      “Global Security” or “Global Securities” means a
        Security or Securities, as the case may be, in the form established pursuant to Section 2.2 evidencing all or part of a Series of Securities, issued to the Depositary for such Series or its nominee, and registered in the name of such Depositary or
        nominee.

      

      

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

      

      

      “Guarantee” means a guarantee by a Guarantor of the Company’s obligations under this
        Indenture and any Securities and as provided in the applicable Board Resolution and Officer’s Certificate or the applicable supplemental indenture establishing the terms of such Series of Securities.

      

      

      “Guarantor” means the Initial Guarantors and any Person that issues a Guarantee of the
        Securities, either on the Issue Date or after the Issue Date in accordance with the terms of this Indenture; provided that upon the release and discharge of such Person from its Guarantee in accordance with this Indenture, such Person shall
        cease to be a Guarantor.

      

      

      “Holder” or “Securityholder” means a Person in whose
        name a Security is registered in the register maintained by the Registrar pursuant to the terms of the Indenture.

      
        4

        
          

      

      “Indenture” means this Indenture as amended or supplemented from time to time and shall
        include the form and terms of particular Series of Securities established as contemplated hereunder.

      

      

      “indenture securities” means the Securities.

      

      

      “Initial Guarantors” mean MercadoLibre S.R.L., eBazar.com.br Ltda., Ibazar.com Atividades de
        Internet Ltda., MercadoEnvios Servicos de Logistica Ltda., MercadoPago.com Representações Ltda., DeRemate.com de México, S. de R.L. de C.V., MercadoLibre, S. de R.L. de C.V., MercadoLibre Chile Ltda. and MercadoLibre Colombia Ltda.

      

      

      “Issue Date” means, with respect to any Security, the first date of issuance of such
        Security.

      

      

      “Legal Defeasance” has the meaning assigned to it in Section 9.1.

      

      

      “lien” means any lien, mortgage, deed of trust, pledge, security interest, charge or
        encumbrance of any kind (including any conditional sale or other title retention agreement, any lease in the nature thereof and any agreement to give any security interest).

      

      

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

      

      

      “Note Register” has the meaning assigned to it in Section 2.4.

      

      

      “obligor” on the indenture securities means the Company issuing the Securities and any
        successor to such obligor upon the Securities, and any Guarantor, as applicable, and its successor.

      

      

      “Officer” means the Chief Executive Officer, Chief Operating Officer, Chief Financial
        Officer, President, any Vice-President, the Treasurer, a Director, the Chairman, the Secretary, any Assistant Treasurer,  Assistant Secretary or authorized officer of the Company or any Guarantor, as applicable.

      

      

      “Officer’s Certificate” means a certificate signed by an Officer of the Company or any
        Guarantor, as applicable.

      

      

      “Opinion of Counsel” means a written opinion of legal counsel who is acceptable to the
        Trustee.  The counsel may be a direct or indirect employee of or counsel to the Company or any Guarantor, as applicable.

      

      

      “Outstanding” has the meaning assigned to it in Section 2.9.

      

      

      “Person” means an individual, partnership, limited partnership, corporation, company, limited
        liability company, unincorporated organization, trust or joint venture, or a governmental agency or political subdivision thereof.

      
        5

        
          

      

      “principal” of a Security means the principal of the Security plus, when appropriate, the
        premium, if any, on, and any Additional Amounts in respect of, the Security.

      

      

      “Responsible Officer” means any officer of the Trustee in its Corporate Trust Office
        responsible for the administration of this Indenture and also means, with respect to a particular corporate trust matter, any other officer to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with a
        particular subject.

      

      

      “Restricted Security” with respect to any Series of Securities, means “restricted securities”
        within the meaning of Rule 144(a)(3) under the Securities Act.

      

      

      “SEC” means the Securities and Exchange Commission.

      

      

      “Securities” means any debentures, notes or other debt instruments of the Company of any
        Series authenticated and delivered under this Indenture.

      

      

      “Securities Act” means the U.S. Securities Act of 1933, as amended.

      

      

      “Series” or “Series of Securities” means each series
        of Securities of the Company created pursuant to Sections 2.1 and 2.2 hereof.

      

      

      “Significant Subsidiary” means a Subsidiary of the Company that would constitute a
        “Significant Subsidiary” of the Company in accordance with Rule 1-02 under Regulation S-X under the Securities Act in effect on the Issue Date.

      

      

      “Stated Maturity” when used with respect to any Security, means the date specified in such
        Security as the fixed date on which the final payment of principal of such Security is due and payable. “Stated Maturity” when used with respect to indebtedness for borrowed money in Section 7.1(a)(4) hereof, means the date specified as the fixed
        date on which the final payment of principal of such indebtedness for borrowed money is due and payable.

      

      

      “Subsidiary” means, with respect to any Person, any other Person of which such Person owns,
        directly or indirectly, more than 50% of the voting power of the other Person’s outstanding Voting Stock.

      

      

      “Surviving Entity” has the meaning assigned to it in Section 6.1.

      

      

      “TIA” means the Trust Indenture Act of 1939, as amended, as in effect on the date hereof.

      

      

      “Triggering Indebtedness” means (i) any U.S. Dollar or Euro debt securities of the Company
        (other than the Securities) issued in the international capital markets, or (ii) any bilateral or syndicated credit facility extended by any financial institutions to the Company that has an aggregate principal amount at any one time outstanding in
        excess of U.S.$100 million.

      

      

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

      
        6

        
          

      

      “Unrestricted Securities”, with respect to any Series of Securities, means Securities that
        are not Restricted Securities.

      

      

      “Voting Stock” means, with respect to any Person, securities of any class of Capital Stock of
        such Person then outstanding and normally entitled to vote in the election of members of the Board of Directors (or equivalent governing body) of such Person.  The term “normally entitled” means without regard to any contingency.

      

      

      “Wholly Owned Subsidiary” means, with respect to a Subsidiary of a Person, a Subsidiary of such
        Person all of the outstanding Capital Stock of which (other than (x) director’s qualifying shares, and (y) shares issued to foreign nationals to the extent required by applicable law) are owned by such Person and/or by one or more wholly owned
        Subsidiaries of such Person.

      

      

      Section 1.2.          Other Definitions.

      	
              
                 

                TERM

              

            	
              
                 

                DEFINED IN 

                SECTION

              

            
	
              “Additional Amounts”

            	
              5.4

            	 
	
              “Defaulted Interest”

            	
              2.13

            	 
	
              “FATCA”

            	
              11.8

            	 
	
              “Judgment Currency”

            	
              11.15

            	 
	
              “New York Banking Day”

            	
              11.15

            	 
	
              “Paying Agent”

            	
              2.4

            	 
	
              “Process Agent”

            	
              11.17

            	 
	
              “Registrar”

            	
              2.4

            	 
	
              “Related Proceeding”

            	
              11.17

            	 
	
              “Required Currency”

            	
              11.15

            	 
	
              “Transfer Agent”

            	
              2.4

            	 

        

        

      Section 1.3.          Rules of Construction.

      

      

      Unless the context otherwise requires or is otherwise expressly provided:

      

      

      (a)          a
          term has the meaning assigned to it;

      

      

      (b)          an
          accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP;

      

      

      (c)          “or” is not exclusive;

      

      

      (d)          words

          in the singular include the plural, and in the plural include the singular;

      

      

      (e)          provisions

          apply to successive events and transactions; and

      
        7

        
          

      

      (f)          unless

          otherwise provided in this Indenture or in any Security, the words “execute,” “execution,” “signed” and “signature” and words of similar import used in or related to any document to be signed in connection with this Indenture, any Security or any
          of the transactions contemplated hereby (including amendments, waivers, consents and other modifications) shall be deemed to include electronic signatures and the keeping of records in electronic form, each of which shall be of the same legal
          effect, validity or enforceability as a manually executed signature in ink or the use of a paper-based recordkeeping system, as applicable, to the fullest extent and as provided for in any applicable law, including the Federal Electronic
          Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and 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 the Trustee pursuant to procedures approved by the Trustee.

      

      

      ARTICLE II.

        THE SECURITIES

      

      

      Section 2.1.          Issuable in Series.

      

      

      The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited.  The
        Securities may be issued from time to time in one or more Series.  All Securities of a Series shall be identical except as may be set forth in, or pursuant to a Board Resolution and Officer’s Certificate, or as may be set forth in, or pursuant to a
        supplemental indenture establishing the terms of such Series of Securities.

      

      

      Section 2.2.          Establishment of Terms of Series
            of Securities.

      

      

      At or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the
        case of Subsection 2.2.1 and either as to such Securities within the Series or as to the Series generally in the case of Subsections 2.2.2 through 2.2.29) by or pursuant to a Board Resolution and Officer’s Certificate or by or pursuant to a 
        supplemental indenture:

      

      

      2.2.1.          the

          title of the Series (which shall distinguish the Securities of that particular Series from the Securities of any other Series, except to the extent that additional Securities of an existing Series are being issued);

      

      

      2.2.2.          the

          aggregate principal amount of the Securities of the Series to be issued;

      

      

      2.2.3.          any

          limit upon the aggregate principal amount of the Securities of the 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 Section 2.7, 2.8, 2.11, 4.6 or 10.6);

      
        8

        
          

      

      2.2.4.          the
          date or dates or periods during which the Securities of the Series may be issued, and the dates on, or the range of dates within, which the principal and premium, if any, of the Securities of the Series is payable or the method by which such date
          or dates shall be determined or extended;

      

      

      2.2.5.          the

          rate or rates, which may be fixed or variable, at which the Securities of the Series shall bear interest or the manner of calculation of such rate or rates shall be determined, the date or dates from which such interest shall accrue, or the
          method by which such date or dates shall be determined, the date on which any such interest shall be payable, and the record dates for the determination of Holders to whom interest is payable on such interest payment dates or the method by which
          such date or dates shall be determined, the right, if any, to extend or defer interest payments and the duration of such extension or deferral.

      

      

      2.2.6.          the

          place or places, if any, in addition to or instead of the Corporate Trust Office where the principal of and interest, if any, on the Securities of the Series shall be payable, where the Securities of such Series may be presented for registration
          of transfer or exchange or conversion and the place or places where notices and demands to or upon the Company with respect to the Securities of such Series and this Indenture may be served, and the method of such payment, if by wire transfer,
          mail or other means if other than as set forth in this Indenture;

      

      

      2.2.7.          the
          right, if any, to extend the interest payment periods or defer the payment of interest and the duration of such extension or deferral;

      

      

      2.2.8.          if

          applicable, the period or periods within which, the price or prices at which and the terms and conditions upon which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company;

      

      

      2.2.9.          the

          obligation, if any, of the Company to redeem or purchase, if other than as set forth herein, the Securities of the Series pursuant to any sinking fund, amortization or analogous provisions,  or at the option of a Holder thereof and the period or
          periods within which, the price or prices at which and the terms and conditions upon which Securities of the Series shall be redeemed, purchased or repay, in whole or in part, pursuant to such obligation;

      

      

      2.2.10.          the terms of any repurchase or remarketing rights;

      

      

      2.2.11.          if other than denominations of U.S.$200,000 or integral multiples of U.S.$1,000 in excess thereof, the denominations in which the Securities of the Series shall be issuable;

      

      

      2.2.12.          the forms of the Securities of the Series including the form of the Trustee’s certificate of authentication for such Series;

      

      

      2.2.13.          any trustees, authenticating agents or Agents with respect to the Securities of the Series, if different from those set forth in this Indenture;

      
        9

        
          

      

      2.2.14.          if the Securities of the Series shall be issued in whole or in part in the form of one or more Global Securities, the type of Global Security to be issued; the terms and conditions, if different from those contained in this Indenture, upon
          which such Global Security or Securities may be exchanged in whole or in part for other individual Securities in definitive registered form; the Depositary for such Global Security or Securities; and the form of any legend or legends to be borne
          by any such Global Security or Securities in addition to or in lieu of the legend referred to in Section 2.14.3;

      

      

      2.2.15.          the date as of which any Global Security of the Series shall be dated if other than the Issue Date of such Series;

      

      

      2.2.16.          any provisions granting special rights to Holders when a specified event occurs;

      

      

      2.2.17.          if the amount of principal or any premium or interest on Securities of any Series may be determined with reference to an index or pursuant to a formula, the manner in which such amounts will be determined;

      

      

      2.2.18.          any special tax implications of the Securities, including provisions for original issue Discount Securities, if offered;

      

      

      2.2.19.          whether and upon what terms Securities of the Series may be defeased if different from the provisions set forth in this Indenture;

      

      

      2.2.20.          with
          regard to the Securities of any Series that do not bear interest, the dates for certain required reports to the Trustee;

      

      

      2.2.21.          whether the Securities of any Series will be issued as Unrestricted Securities or Restricted Securities, and, if issued as Restricted Securities, the rule or regulation promulgated under the Securities Act in reliance on which they will be
          sold;

      

      

      2.2.22.          the form and terms of any Guarantees on the Securities of the Series and any guarantees on the Securities of the Series, if different from, or in addition to, the Guarantees provided pursuant to this Indenture;

      

      

      2.2.23.          the currency or currencies in which payment of the principal of, premium, if any, and interest on, the Securities of the Series shall be payable;

      

      

      2.2.24.          if other than the principal amount thereof, the portion of the principal amount of the Securities of the Series that shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 7.2;

      

      

      2.2.25.          the provisions, if any, relating to any security provided for the Securities of the Series;

      

      

      2.2.26.          any
          additional covenants or Events of Default that will apply to the Securities of the Series, or any changes to the covenants set forth in Article V or the Events of Default set forth in Section 7.1 that will apply to the Securities of the Series,
          which may consist of establishing different terms or provisions from those set forth in Article V or Section 7.1 or eliminating any such covenant or Event of Default with respect to the Securities of the Series;

      
        10

        
          

      

      2.2.27.          any Depositaries, interest rate calculation agents, exchange rate calculation agents or other agents with respect to Securities of such Series if other than those appointed herein;

      

      

      2.2.28.          whether the Securities of the Series will be convertible into or exchangeable for other Securities, common shares or other securities of any kind or property of the Company or another obligor, and, if so, the terms and conditions upon
          which such Securities will be so convertible or exchangeable, and any additions or changes, if any, to permit or facilitate such conversion or exchange; and

      

      

      2.2.29.          any and all additional, eliminated or changed terms that shall apply to the Securities of the Series, including any terms that may be required by or advisable under United States laws or regulations, including the Securities Act and the
          rules and regulations promulgated thereunder, or advisable in connection with the marketing of Securities of that Series.

      

      

      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 and Officer’s Certificate or by or pursuant to the supplemental indenture referred to above.

      

      

      Section 2.3.          Execution and Authentication.

      

      

      An Officer of the Company shall sign the Securities for the Company by manual, facsimile or electronic signature.

      

      

      If an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security
        shall nevertheless be valid.

      

      

      A Security shall not be valid until authenticated by the manual, facsimile or electronic signature of the Trustee or an authenticating
        agent.  The signature shall be conclusive evidence that the Security has been authenticated under this Indenture.

      

      

      The Trustee shall at any time, and from time to time, authenticate Securities for original issue in the principal amount provided in
        the Board Resolution and Officer’s Certificate or in the supplemental indenture, upon receipt by the Trustee of a Company Order.  Each Security shall be dated the date of its authentication unless otherwise provided by the relevant Board Resolution
        and Officer’s Certificate or the relevant supplemental indenture.

      

      

      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 the Board Resolution and Officer’s Certificate or in the supplemental indenture delivered pursuant to Section 2.2.

      
        11

        
          

      

      Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to Section 8.2) shall be fully
        protected in relying on:  (a) the Board Resolution and Officer’s Certificate or the supplemental indenture establishing the form of the Securities of that Series or of Securities within that Series and the terms of the Securities of that Series or
        of Securities within that Series, (b) an Officer’s Certificate complying with Section 11.4, and (c) an Opinion of Counsel complying with Section 11.4.

      

      

      The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series:  (a) if the Trustee, being
        advised by counsel, determines that such action may not be taken lawfully; or (b) if the Trustee in good faith by its board of directors or trustees, executive committee or a committee of Responsible Officers shall determine that such action would
        expose the Trustee to personal liability.

      

      

      The Trustee may appoint an authenticating agent to authenticate Securities.  An authenticating agent may authenticate Securities
        whenever the Trustee may do so.  Each reference in this Indenture to authentication by the Trustee includes authentication by such agent.  An authenticating agent has the same rights as an Agent to deal with the Company or an Affiliate of the
        Company.

      

      

      Section 2.4.          Paying Agent, Registrar and
            Transfer Agent.

      

      

      The Company will maintain one or more paying agents (each, a “Paying Agent”) for the
        Securities in the Borough of Manhattan, City of New York.  The initial Paying Agent will be The Bank of New York Mellon and thereafter “Paying Agent” shall mean or include each Person who is then a Paying
        Agent hereunder, and if at any time there is more than one such Person, “Paying Agent” as used with respect to the Securities of any Series shall mean the Paying Agent with respect to Securities of that
        Series.

      

      

      The Company will also maintain one or more registrars (each, a “Registrar”) with an office in
        the Borough of Manhattan, City of New York.  The Company will also maintain a transfer agent (each a “Transfer Agent”) in the Borough of Manhattan, City of New York.  The initial Registrar will be The Bank
        of New York Mellon and thereafter “Registrar” shall mean or include each Person who is then a Registrar hereunder, and if at any time there is more than one such Person, “Registrar”
        as used with respect to the Securities of any Series shall mean the Registrar with respect to Securities of that Series.  The initial Transfer Agent will be The Bank of New York Mellon and thereafter “Transfer
          Agent” shall mean or include each Person who is then a Transfer Agent hereunder, and if at any time there is more than one such Person, “Transfer Agent” as used with respect to the Securities of any
        Series shall mean the Transfer Agent with respect to Securities of that Series.  The Registrar will maintain a register reflecting ownership of Securities outstanding from time to time and the Paying Agent will make payments on, and the Transfer
        Agents will facilitate transfer of Securities, on the behalf of the Company.  The Company shall maintain an up-to-date copy of such register of its Securities (the “Note Register”) at its registered office,
        and the Registrar shall provide upon written request by the Company an up-to-date copy thereof.  Each Transfer Agent shall perform the functions of a transfer agent.

      

      

      The Company may change any Paying Agent, Registrar or Transfer Agent for its Securities without prior notice to the Holders.

      
        12

        
          

      

      Section 2.5.          Paying Agent to Hold Money in
            Trust.

      

      

      The Company shall require each Paying Agent appointed by it other than the Trustee to agree in writing that the Paying Agent will hold
        in trust, for the benefit of Securityholders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest on the Series of Securities, and will notify the Trustee of any default by the
        Company in making any such payment.  While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee.  The Company at any time may require a Paying Agent to pay all money held by it to the
        Trustee.  Upon payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money.  If the Company or a Subsidiary of the Company acts as Paying Agent, it shall
        segregate and hold in a separate trust fund for the benefit of Securityholders of any Series of Securities all money held by it as Paying Agent.

      

      

      Section 2.6.          Securityholder Lists.

      

      

      The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and
        addresses of Securityholders of each Series of Securities and shall otherwise comply with TIA § 312(a).  If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least ten days before each interest payment date and at such
        other times as the Trustee may request in writing a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of Securityholders of each Series of Securities, and the Company shall otherwise comply
        with TIA § 312(a).

      

      

      Section 2.7.          Transfer and Exchange.

      

      

      Where Securities of a Series are presented to the Registrar or a co-registrar with a request to register a transfer or to exchange
        them for an equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange if the requirements for such transactions set forth in this Indenture are met.  To permit registrations of transfers
        and exchanges, the Trustee shall authenticate Securities at the Registrar’s request upon the Trustee’s receipt of a Company Order from the Company.  No service charge shall be made for any registration of transfer or exchange, but the Company may
        require payment of a sum sufficient to cover any transfer tax, assessment or other  governmental charge that may be imposed in connection with any registration or transfer or exchange of Securities, other than those expressly provided in this
        Indenture, to be made at the Company’s own expense or without expense or charge to the Holders. The transfer of any Security shall not be valid against the Company or the Trustee unless registered at the Registrar at the request of the Holder, or
        at the request of his, her or its attorney duly authorized in writing.

      

      

      Neither the Company nor the Registrar shall be required (a) to issue, register the transfer of, or exchange Securities of any Series
        for the period beginning at the opening of business fifteen days immediately preceding the delivery of a notice of redemption of Securities of that Series selected for redemption and ending at the close of business on the day of such delivery, or
        (b) to register the transfer of or exchange Securities of any Series selected, called or being called for redemption as a whole or the portion being redeemed of any such Securities selected, called or being called for redemption in part.

      
        13

        
          

      

      In the event that a Surviving Entity (as defined in Section 6.1) has executed an indenture supplemental hereto with the Trustee
        pursuant to Section 10.1, any of the Securities authenticated or delivered pursuant to such transaction may, from time to time, at the request of the Surviving Entity, be exchanged for other Securities executed in the name of the Surviving Entity
        with such changes in phraseology and form as may be appropriate, but otherwise identical to the Securities surrendered for such exchange and of like principal amount; and the Trustee, upon Company Order of the Surviving Entity, shall authenticate
        and deliver Securities as specified in such Company Order for the purpose of such exchange.  If Securities shall at any time be authenticated and delivered in any new name of a Surviving Entity pursuant to this Section 2.7 in exchange or
        substitution for or upon registration of transfer of any Securities, such Surviving Entity, at the option of the Holders but without expense to them, shall provide for the exchange of all Securities at the time Outstanding for Securities
        authenticated and delivered in such new name.

      

      

      Section 2.8.          Mutilated, Destroyed, Lost and
            Stolen Securities.

      

      

      If any mutilated Security is surrendered to the Trustee, the Company shall execute and upon receipt of a Company Order, the Trustee
        shall authenticate and deliver 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 the absence of notice to the Company or the Trustee that such Security has been acquired by a protected
        purchaser, the Company shall execute and upon receipt of a Company Order, 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,
        form, terms and principal amount and bearing a number not contemporaneously outstanding, and neither gain nor loss in interest shall result from such exchange or substitution.

      

      

      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 the amount due on such Security in accordance with its terms.

      

      

      Upon the issuance of any new Security under this Section 2.8, the Company may require the payment of a sum sufficient to cover any tax
        or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.

      

      

      Every new Security of any Series issued pursuant to this Section 2.8 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 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.

    

    
      14

      
        

    

    
      The provisions of this Section 2.8 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 2.9.          Outstanding Securities.

      

      

      The Securities “outstanding” at any time are all the Securities authenticated by the Trustee except for those canceled by it, those
        delivered to it for cancellation, those reductions in the interest on a Security, if applicable, effected by the Trustee in accordance with the provisions hereof and those described in this Section 2.9 as not outstanding.

      

      

      If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding until the Trustee receives proof satisfactory to it
        that the replaced Security is held by a protected purchaser.

      

      

      If the Paying Agent (other than the Company, a Subsidiary of the Company or an Affiliate of the Company) holds on the Maturity of
        Securities of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease to be outstanding and interest on them ceases to accrue.

      

      

      The Company may purchase or otherwise acquire the Securities, whether by open market purchases, negotiated transactions or otherwise. 
        A Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security.

      

      

      In determining whether the Holders of the requisite principal amount of outstanding Securities have given any request, demand,
        authorization, direction, notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the
        date of such determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 7.2.

      

      

      Section 2.10.          Treasury Securities.

      

      

      In determining whether the Holders of the required principal amount of Securities of a Series have concurred in any request, demand,
        authorization, direction, notice, consent or waiver, Securities of a Series owned by the Company or any Affiliate of the Company shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on
        any such request, demand, authorization, direction, notice, consent or waiver only Securities of a Series that a Responsible Officer of the Trustee knows are so owned shall be so disregarded.

      

      

      Section 2.11.          Temporary Securities.

      

      

      Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities
        upon a Company Order.  Temporary Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities.  Without unreasonable delay, the Company shall prepare
        and the Trustee upon request shall authenticate definitive Securities of the same Series and date of Maturity in exchange for temporary Securities.  Until so exchanged, temporary Securities shall have the same rights under this Indenture as the
        definitive Securities.

      
        15

        
          

      

      Section 2.12.          Cancellation.

      

      

      The Company at any time may deliver Securities to the Trustee for cancellation.  The Agents shall forward to the Trustee any
        Securities surrendered to them for registration of transfer, exchange or payment.  The Trustee shall cancel all Securities surrendered for transfer, exchange, payment, replacement or cancellation and shall destroy such canceled Securities (subject
        to the record retention requirement of the Exchange Act) and deliver a certificate of such destruction to the Company unless the Company otherwise directs the Trustee in writing.  The Company may not issue new Securities to replace Securities that
        it has paid or delivered to the Trustee for cancellation.

      

      

      Section 2.13.          Defaulted Interest.

      

      

      (a)          

       If the Company defaults in a payment of interest on a Series of Securities, it shall pay the
          defaulted interest (herein called “Defaulted Interest”), plus, to the extent permitted by law, any interest payable on the defaulted interest, to the Persons who are Securityholders of the Series on either of the following manners contemplated on
          (i) or (ii) below:

      

      

      (i)          

       The Company may elect to make payment of any Defaulted Interest to the Persons in whose names
          such Securities (or their respective predecessor Securities) are registered at the close of business on a special record date for the payment of such Defaulted Interest (a “Special Record Date”), which shall be fixed in the following
          manner.  The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each such Security and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount
          of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be
          held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided.  Thereupon the Company, in consultation with the Trustee, shall fix a Special Record Date for the payment of such Defaulted Interest
          which shall be not more than 15 calendar days and not less than 10 calendar days prior to the date of the proposed payment and not less than 10 calendar days after the receipt by the Trustee of the notice of the proposed payment.  The Trustee
          shall promptly thereafter, in the name and at the expense of the Company, cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be transmitted to the Holders of such Securities at their addresses
          as they appear in the register, not less than 10 calendar days prior to such Special Record Date.  Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been transmitted as aforesaid, such Defaulted
          Interest shall be paid to the Persons in whose names such Securities (or their respective predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following
          clause (ii).

      

      

      (ii)          

       The Company may make payment of any Defaulted Interest on Securities in any other lawful manner
          not inconsistent with the requirements of any securities exchange on which such Securities may be listed or of any automated quotation system on which any such Securities may be quoted, and upon such notice as may be required by such exchange or
          quotation system, as applicable, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee.

      
        16

        
          

      

      (b)          Subject to the foregoing
          provisions in this Section 2.13, each Security delivered under this Indenture in exchange or substitution for, or upon registration of transfer of, any other Security shall carry all the rights to interest accrued and unpaid, and to accrue, which
          were carried by such other Security.

      

      

      Section 2.14.          Global Securities.

      

      

      2.14.1.          

       Terms of Securities.  Either (i) a Board Resolution and an Officer’s Certificate
          or (ii) a supplemental indenture shall establish whether the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depositary for such Global Security or Securities.

      

      

      2.14.2.          

       Transfer and Exchange.  Notwithstanding any provisions to the contrary contained
          in Section 2.7 of this Indenture and in addition thereto, any Global Security shall be exchangeable pursuant to Section 2.7 of this Indenture for Certificated Securities registered in the names of Holders other than the Depositary for such
          Security or its nominee only if (i) such Depositary notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency registered under the
          Exchange Act, and, in either case, the Company fails to appoint a successor Depositary registered as a clearing agency under the Exchange Act within 90 days of such event or (ii) the Company executes and delivers to the Trustee an Officer’s
          Certificate to the effect that such Global Security shall be so exchangeable.  Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Certificated Securities registered in such names as the
          Depositary shall direct in writing in an aggregate principal amount equal to the principal amount of the Global Security with like tenor and terms.

      

      

      Except as provided in this Section 2.14.2, a Global Security may not be transferred except as a whole by the Depositary with respect
        to such Global Security to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such a successor
        Depositary.

      

      

      Neither the Trustee nor any Agent shall have any obligation or duty to monitor, determine or inquire as to compliance with any tax or
        securities laws with respect to any restrictions on transfer imposed under this Indenture or under applicable law (including any transfers between or among Depositary participants, members or beneficial owners in any Global 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, and to examine the same to determine substantial compliance as to
        form with the express requirements hereof.

      
        17

        
          

      

      2.14.3.          

       Legend.  Any Global Security issued hereunder shall bear a legend in
          substantially the following form:

      

      

      “THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE
        DEPOSITARY OR A NOMINEE OF THE DEPOSITARY.  THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE
        TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF
        SUCH A SUCCESSOR DEPOSITARY.”

      

      

      2.14.4.          

       Acts of Holders.  The Depositary, as a Holder, may appoint agents and otherwise
          authorize participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under this Indenture.

      

      

      2.14.5.          

       Payments. Notwithstanding the other provisions of this Indenture, unless
          otherwise specified as contemplated by Section 2.2, payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof, which in the case of a Depositary therefor will be made in accordance with its
          applicable procedures.

      

      

      2.14.6.          

       Holders.  The Company, the Trustee and each Agent shall treat the Person in whose
          name any Security is registered in the register maintained by the Registrar as the Holder for all purposes including for purposes of obtaining any consents, declarations, waivers or directions permitted or required to be given by the Holders
          pursuant to this Indenture.

      

      

      If the principal of, premium, if any, or interest on any Security is payable in a foreign currency and such
        currency is not available to the Company for making payment thereof due to the imposition of exchange controls or other circumstances beyond the control of the Company, the Company shall be entitled to satisfy its obligations to Holders of the
        Securities by making such payment in U.S. Dollars in an amount equivalent of the amount payable in such other currency at the Exchange Rate as determined pursuant to following paragraph.  Notwithstanding any provisions to the contrary herein, any
        payment made under such circumstances in U.S. Dollars where the required payment is in a Currency other than U.S. Dollars shall not constitute an Event of Default under this Indenture.

      

      

      Any decision or determination to be made regarding the Exchange Rate shall be made by the Company or an agent
        appointed by the Company (the Company, in such capacity, or such agent, the “Currency Determination Agent”); provided that such agent shall accept such appointment in writing and the terms of such appointment shall, in the opinion of
        the Company at the time of such appointment, require such agent to make such determination by a method consistent with the method provided pursuant to Section 2.1 for the making of such decision or determination.  Unless otherwise specified
        pursuant to Section 2.1, “Exchange Rate” shall mean, for any currency, the noon buying rate in New York City for cable transfers for such currency as the applicable Exchange Rate, as such rate is reported or otherwise made available by the
        Federal Reserve Bank of New York on the date of such payment, or, if such rate is not then available, on the basis of the most recently available rate.  All decisions and determinations of such agent regarding the Exchange Rate shall, in the
        absence of manifest error, be conclusive for all purposes and irrevocably binding upon the Company, the Trustee and all Holders of the Securities.

      
        18

        
          

      

      2.14.7.          None of the Trustee or any Agent shall have any responsibility or obligation to any beneficial owner of an interest in a Global Security, a member of, or a participant in, the Depositary or other Person with respect to the accuracy of the
          records of the Depositary or its nominee or of any participant or member thereof, with respect to any ownership interest in the Securities or with respect to the delivery to any participant, member, beneficial owner or other Person (other than
          the Depositary) of any notice (including any notice of redemption) or the payment of any amount or delivery of any Securities (or other security or property) under or with respect to such Securities.  All notices and communications to be given to
          the Holders and all payments to be made to Holders in respect of the Securities shall be given or made only to or upon the order of the registered Holders (which shall be the Depositary or its nominee in the case of a Global Security).  The
          rights of beneficial owners in any Global Security shall be exercised only through the Depositary subject to the applicable rules and procedures of the Depositary.  The Trustee and each Agent may rely and shall be fully protected in relying upon
          information furnished by the Depositary with respect to its members, participants and any beneficial owners.

      

      

      Section 2.15.          Form of Face of Security.

      

      

      MercadoLibre, Inc.

      

      

      ..........................................................................

       

      

      	
              No. .........

            	 
	
              CUSIP No. .............

            	 
	
              ISIN .............

            	 
	
              Common Code .............

            	
              U.S.$ ........

            

      

      

      MercadoLibre, Inc., a Delaware corporation (herein called the “Company,” which term includes
        any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to ......................................., or registered assigns, the principal sum of ................................ Dollars as
        revised by the Schedule of Increases and Decreases in Global Note attached hereto on ..................................................... (unless earlier redeemed, in which case, on the applicable redemption date) [if the Security is to bear interest prior to maturity, insert — , and to pay interest thereon from ............. or from the most recent interest payment date to which interest has been paid or duly provided for
        semi-annually in arrears on ............ and ............ of each year, commencing on ........., and at the maturity thereof, at the rate of ....% per annum, until the principal hereof is paid or made available for payment [if applicable, insert — ; provided that any principal, premium and any such installment of interest, which is overdue shall bear interest at the rate of ...% per annum
        (to the extent that the payment of such interest shall be legally enforceable), from the date such amount is due to the day it is paid or made available for payment, and such overdue interest shall be paid as provided in Section 2.13 of the
        Indenture].

      
        19

        
          

      

      The interest so payable, and punctually paid or duly provided for, on any interest payment date shall, as provided in the Indenture, be
        paid to the Person in whose name this Security is registered at the close of business on the record date for such interest, which shall be the ....... and ....... (whether or not a Business Day), as the case may be, next preceding such interest
        payment date. Any such interest not so punctually paid or duly provided for on any interest payment date shall forthwith cease to be payable to the Holder on the relevant record date and may either be paid to the Person in whose name this Security
        is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special
        Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which this Security may be listed, and upon such notice as may be required by such exchange, all as more fully
        provided in the Indenture].

      

      

      Interest on the Securities shall be computed on the basis of a 360-day year comprised of twelve 30-day months.

      

      

      Payment of the principal of and premium, if any, and interest on this Security will be made pursuant to the applicable procedures of the
        Depositary as permitted in the Indenture; provided, however, that if this Security is not a Global Security, payment may be made at the office or agency of the
        Company maintained for that purpose in New York, New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, against surrender of this Security in the case of
        any payment due at the Maturity of the principal thereof; and provided, further, that at the option of the Company, payment of interest may be made by check mailed to the address of the Person entitled
        thereto as such address shall appear in the Note Register.

      

      

      Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
        all purposes have the same effect as if set forth at this place.

      

      

      Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual or
        electronic signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

      

      

      In Witness Whereof, the Company has caused this instrument to be duly executed.

      

      

      Dated:_____________

       

      

      	 	
              MERCADOLIBRE, INC.

            
	 	
              By:          

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      
        20

        
          

      

      Section 2.16.          Form of
            Reverse of Security.  This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of               , 20    (herein
          called the “Indenture,” which term shall have the meaning assigned to it in such instrument), between the Company, the Initial Guarantors and The Bank of New York Mellon, as Trustee (herein called the “Trustee,”
          which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the
          Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof [if applicable, insert — , limited in aggregate principal amount to U.S.$...........].

      

      

      [If applicable, insert — Additional Securities on terms
        and conditions identical to those of the Securities of this series (except for issue date, issue price and the date from which interest shall accrue and, if applicable, first be paid) may be issued by the Company without the consent of the Holders
        of the Securities of this series.  The amount evidenced by such additional Securities shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Securities of this series, in which case the
        Schedule of Increases and Decreases in Global Note attached hereto will be correspondingly adjusted.]

      

      

      In any case where any interest payment date, redemption date or Stated Maturity of any Note shall not be a Business Day, then
        (notwithstanding any other provision of the Indenture or of the Securities) payment of principal, premium, if any, or interest 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 interest payment date, redemption date or at the Stated Maturity, as the case may be; provided that no interest shall accrue for the period from and after such interest payment date, redemption date or Stated Maturity, as the case may
        be.

      

      

      The Indenture permits, with certain exceptions as therein provided, without the consent of any Holder of Securities of a Series, the
        Company, any Guarantor of the Securities of a Series, if applicable, and the Trustee to amend, modify or supplement this Indenture or any supplemental indenture, such Series of Securities or any Guarantee of such Series of Securities.  The
        Indenture also contains provisions permitting the Holders of a majority in principal amount of the Securities of a Series at the time outstanding, on behalf of the Holders of all Securities of that Series, to amend or supplement to, or waive
        certain Defaults or Events of Default and its consequences or compliance with any provision of, the Indenture or Securities of a Series or any applicable Guarantee of a Series of Securities, except that certain amendments cannot be given without
        the consent of each Holder affected thereby. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of
        transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security.

      
        21

        
          

      

      As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any
        proceeding with respect to the Indenture, or for the appointment of a receiver or trustee, or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect
        to the Securities of this Series, the Holders of not less than 25% in principal amount of the Securities of this series at the time outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of
        Default as Trustee and offered the Trustee indemnity satisfactory to it, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with
        such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement
        of any payment of principal hereof or premium, if any, or interest hereon on or after the respective due dates expressed herein.

      

      

      No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the
        Company, which is absolute and unconditional, to pay the principal of and premium, if any, and interest on this Security at the times, place and rate, and in the coin
        or currency, herein prescribed.

      

      

      As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the
        Note Register, upon surrender of this Security for registration of transfer at the office of the Transfer Agent, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Transfer Agent duly
        executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, shall be issued to the
        designated transferee or transferees.

      

      

      The Securities of this series are issuable only in registered form without coupons in denominations of U.S.$200,000 or integral
        multiples of U.S.$1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like
        tenor of a different authorized denomination, as requested by the Holder surrendering the same.

      

      

      No service charge shall be made for any such registration of transfer or exchange, but the Company or the Trustee may require payment of
        a sum sufficient to cover any tax or other governmental charge payable in connection therewith.

      

      

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

      

      

      This Security is a Global Security and is subject to the provisions of the Indenture relating to Global Securities, including the
        limitations in Section 2.7 thereof on transfers and exchanges of Global Securities.

      
        22

        
          

      

      This Security and the Indenture shall be governed by, and construed in accordance with, the laws of the State of New York.

      

      

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

      

      

      ABBREVIATIONS

      

      

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

       

      

      	
              TEN COM - as tenants in common

            	
              UNIF GIFT MIN ACT—____________

            
	
              TEN ENT - as tenants by the

            	
              (Cust)

            
	
              entireties

            	
              Custodian _____________ under Uniform

            
	
              JT TEN - as joint tenants with right

            	
              (Minor)

            
	
              of survivorship and not as

            	
              Gifts to Minors Act ______________

            
	
              tenants in common

            	
              (State)

            
	 	 
	
              Additional abbreviations may also be used

            
	
              though not in the above list.

            

      

      

      

      

      SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE

      

      

      The following increases or decreases in this Global Note have been made:

       

      

      	
              Date of 

              Transfer 

              or 

              Exchange

            	 	
              Amount of 

              decrease in 

              Principal Amount 

              of this Global 

              Note

            	 	
              Amount of 

              increase in 

              Principal Amount 

              of this Global 

              Note

            	 	
              Principal Amount 

              of this Global 

              Note following 

              such decrease or 

              increase

            	 	
              Signature of 

              authorized 

              signatory of 

              Trustee or Note 

              Custodian

            
	 	 	 	 	 	 	 	 	 

      

      

      Section 2.17.          Form of Trustee’s Certificate
            of Authentication.  This is one of the Securities referred to in the within-mentioned Indenture.

      

      

      Dated: ____________________

        

      

      	 	
              The Bank of New York Mellon,

            
	 	
              as Trustee

            
	 	
              By: _______________________

            
	 	
              Authorized Signatory

            

      
        23

        
          

      

      Section 2.18.          CUSIP Numbers.

      

      

      The Company in issuing the Securities may use “CUSIP,” “ISIN” and or “Common Code” numbers (if then generally in use), and,
        thereafter, with respect to such series, the Trustee shall use “CUSIP,” “ISIN” and or “Common Code” numbers in notices of redemption or exchange as a convenience to Holders, with respect to such series; provided that any such notice may
        state that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other elements of identification printed on the
        Securities, and any such redemption shall not be affected by any defect in or omission of such numbers.

      

      

      Section 2.19.        Guarantees.
          Any Series of Securities may be guaranteed by one or more Guarantors. The terms and the form of any such Guarantee will be established in the manner contemplated by Section 2.2 for that particular Series of Securities.

      

      

      ARTICLE III.

        GUARANTEES

      Section 3.1.          Guarantee.

      

      

      (a)          Other
          than as set forth herein or in any supplemental indenture, the Company shall have the right to designate, in its sole discretion, any Subsidiary as a Guarantor of the Securities of any Series.

      

      

      (b)          Subject
          to this Section 3.1, each Guarantor of Securities of any Series hereby unconditionally guarantees to each Holder of Securities of such Series authenticated and delivered by the Trustee and to the Trustee and its successors and assigns,
          irrespective of the validity and enforceability of the Indenture, the Securities or the obligations of the Company hereunder or thereunder, that:

      

      

      (A)          the
          principal of, premium on, if any, and interest, if any, on, the Securities of such Series and all other amounts payable by the Company under the Indenture will be promptly paid in full when due, whether at maturity, by acceleration, redemption or
          otherwise, and interest on the overdue principal of, premium on, if any, and interest, if any, on, the Securities of such Series, if lawful, and all other obligations of the Company to the Holders or the Trustee hereunder or thereunder (such
          guaranteed obligations, the “Guaranteed Obligations”) will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and

      

      

      (B)          in case
          of any extension of time of payment or renewal of any Securities of such Series or any of such other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at
          Stated Maturity, by acceleration or otherwise.

      
        24

        
          

      

      Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors will be
        obligated to pay the same immediately. Each Guarantor agrees that its Guarantee is a guarantee of payment and not a guarantee of collection.

      

      

      (c)          Each
          Guarantor hereby agrees that its obligations under its Guarantee are unconditional, irrespective of the validity, regularity or enforceability of the Securities or the Indenture, the absence of any action to enforce the same, any waiver or
          consent by any Holder of the Securities or the Trustee with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce the same or any other circumstance which might otherwise constitute a
          legal or equitable discharge or defense of such Guarantor. Each Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a
          proceeding first against the Company, protest, notice and all demands whatsoever and covenants that its Guarantee will not be discharged with respect to the Securities except by complete performance of the obligations contained in the Securities
          and the Indenture.

      

      

      (d)          If any
          Holder or the Trustee is required by any court or otherwise to return to the Company, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Company or the Guarantors, any amount paid
          either to the Trustee or such Holder, each Guarantor’s Guarantee, to the extent theretofore discharged, will be reinstated in full force and effect.

      

      

      (e)          Each
          Guarantor agrees that it will not be entitled to any right of subrogation in relation to the Holders with respect to the Securities in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby with
          respect to the Securities. Each Guarantor further agrees that, as between the Guarantors, on the one hand, and the Holders and the Trustee, on the other hand, (1) the maturity of the obligations guaranteed hereby may be accelerated as provided in
          Article VII of this Indenture for the purposes of the Guarantors’ Guarantees, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (2) in the event of any
          declaration of acceleration of such obligations as provided in Article VII of this Indenture, such obligations (whether or not due and payable) will forthwith become due and payable by any Guarantor for the purpose of such Guarantor’s Guarantee.

      

      

      (f)          Each of the Guarantors
          further expressly waives irrevocably and unconditionally:

      

      

      (1)          

       Any right it may have to first require any Holder to proceed against, initiate any actions
          before a court of law or any other judge or authority, or enforce any other rights or security or claim payment from the Company or any other Person (including any Guarantor or any other guarantor) before claiming from it under this Indenture;

      

      

      (2)         

       Any rights and benefits arising from Articles 775, 776, 777, 829, 830 and 831 (other than
          with respect to defenses or motions based on documented payment (pago), reduction (quita), extension (espera) or release or
          remission (remisión), 1583, 1584, 1585 and 1589 (beneficios de excusión y división), 1594, 1592, 1596 and 1598 of the Argentine Civil and Commercial Code;

      
        25

        
          

      

      (3)          

       Any rights to the benefits of orden, excusión, división, quita and espera arising from Articles 2814, 2815, 2817, 2818,
          2819, 2820, 2821, 2822, 2823, 2826, 2837, 2839, 2840, 2845, 2846, 2847 and any other related or applicable Articles that are not explicitly set forth herein because of the Guarantor’s knowledge thereof, of the Código

            Civil Federal of Mexico and the Código Civil of each State of the Mexican Republic and for the Federal District of Mexico;

      

      

      (4)          

       Any rights to the benefits of ordem arising from Article 827 and any other related or
          applicable Articles that are not explicitly set forth herein because of the Guarantor’s knowledge thereof, of the Brazilian Civil Code (Código Civil Brasileiro);

      

      

      (5)          

       Any rights to the beneficio de excusión
          contemplated in Section 2357 of the Chilean Civil Code (Código Civil de Chile), the beneficio de división contemplated in Section 2367 of the Chilean Civil Code;
          the right granted to any Guarantor incorporated under the laws of Chile under Section 2355 of the Chilean Civil Code; the right or possibility of withdraw upon the non-existence of the primary obligation, as contemplated by Section 2339 of the
          Chilean Civil Code and the right granted to any Guarantor incorporated under the laws of Chile by Section 1649 of the Chilean Civil Code in the case of mere extension of the term of the Securities;

      

      

      (6)          

       Any right to which it may be entitled to have the assets of the Company or any other Person
          (including any Guarantor or any other guarantor) first be used, applied or depleted as payment of the Company’s or the Guarantors’ obligations hereunder, prior to any amount being claimed from or paid by any of the Guarantors hereunder; and

      

      

      (7)          

       Any right to which it may be entitled to have claims hereunder divided between the Guarantors.

      

      

      Section 3.2.       Limitation on Guarantor Liability.

      

      

      (a)          Each
          Guarantor, and by its acceptance of Securities, each Holder, hereby confirms that it is the intention of all such parties that the Guarantee of any Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the
          Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to its Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby
          irrevocably agree that the obligations of the each Guarantor will be limited to the maximum amount that will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such
          laws, result in the obligations of such Guarantor under its Guarantee not constituting a fraudulent transfer or conveyance.

      

      

      Section 3.3.       Execution and
            Delivery of Guarantee. The terms of the Guarantees set forth in Section 3.1 do not require any Guarantor to evidence its Guarantee through any notation of such Guarantee endorsed by an Officer of such Guarantor on each Security
          authenticated and delivered by the Trustee.

      
        26

        
          

      

      The Guarantees set forth in Section 3.1 hereof will remain in full force and effect without any requirement to endorse on each Security
        a notation of such Guarantees.

      

      

      The delivery of any Securities by the Trustee, after the authentication thereof, will constitute due delivery of the Guarantees on
        behalf of each Guarantor.

      

      

      Section 3.4.          Releases.

      

      

      (1)        

       The Guarantee of a Guarantor shall be automatically and unconditionally released and
          discharged and shall thereupon terminate and be of no further force and effect, and no further action by such Guarantor, the Issuers or the Trustee is required for the release of such Guarantor’s Guarantee, upon:

      

      

      (A)          the
          sale, exchange, disposition or other transfer (including by way of consolidation or merger) of the Guarantor or the sale or disposition of all or substantially all the assets of the Guarantor (other than to the Company or a Subsidiary) otherwise
          permitted by the Indenture;

      

      

      (B)          a Legal Defeasance or a
          Covenant Defeasance of the Series of Securities pursuant to Article IX of this Indenture;

      

      

      (C)          a satisfaction and
          discharge of this Indenture pursuant to Section 9.5 of this Indenture;

      

      

      (D)          the
          release or discharge of the Guarantee by such Guarantor of the Triggering Indebtedness or the repayment of the Triggering Indebtedness, in each case, that resulted in the obligation of such Subsidiary to become a Guarantor; provided that
          in no event shall the Guarantee of an Initial Guarantor terminate pursuant to this provision; or

      

      

      (E)          such Guarantor becoming
          an Excluded Subsidiary or ceasing to be a Subsidiary;

      

      

      provided, in each case, such transactions are carried out pursuant to and in accordance with all applicable
        covenants and provisions hereof.  At the option of the Company, the release of a Guarantor may be evidenced by the delivery of an Officer’s Certificate to the Trustee.

      

      

      (b)          If a
          Guarantor is not released from its obligations under its Guarantee as provided in this Section 3.4 such Guarantor will remain liable for the full amount of principal of, premium on, if any, and interest, if any, on, the Securities and for the
          other obligations of such Guarantor under this Indenture as provided in this Section 3.1.

      
        27

        
          

      

      ARTICLE IV.

        REDEMPTION

      

      

      Section 4.1.        Notice to Trustee; No Liability
            for Calculations.

      

      

      The Company may, with respect to any Series of Securities, reserve the right to redeem and pay such Series of Securities or may
        covenant to redeem and pay such Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided for, as applicable, in the Board Resolution and Officer’s Certificate or in the supplemental
        indenture relating to such Series.  If a Series of Securities is redeemable and the Company wants or is obligated to redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms of such Securities, it
        shall notify the Trustee in writing of the redemption date and the principal amount of Series of Securities to be redeemed at least five days before the date that notice of redemption is to be given to the Holders of the Securities (or such shorter
        notice as may be acceptable to the Trustee).  The Trustee shall have no liability with respect to or obligation to calculate the redemption price of any Securities to be redeemed pursuant to this Indenture.

      

      

      Section 4.2.          Selection of Securities to be
            Redeemed.

      

      

      Unless otherwise indicated for a particular Series by a Board Resolution and Officer’s Certificate or by a supplemental indenture, if
        fewer than all of the Securities of a Series are to be redeemed at any time, the Trustee will select the Securities of such Series to be redeemed on a pro rata basis (or, in the case of Securities issued in
        global form, such Securities of such Series to be redeemed shall be selected in accordance with the procedures of the Depositary therefor) unless otherwise required by law or applicable stock exchange.  The Trustee will not be liable for selections
        made as contemplated in this section.

      

      

      No Securities of a Series in principal amount of less than the minimum authorized denomination can be redeemed in part.

      

      

      Notices of purchase or redemption will be given to each Holder pursuant to Section 4.3 and Section 11.1.

      

      

      Section 4.3.          Notice of Redemption.

      

      

      Unless otherwise indicated for a particular Series by Board Resolution and Officer’s Certificate or by supplemental indenture, at
        least 10 days but not more than 30 days before a redemption date, the Company will deliver a notice of redemption to each Holder whose Securities are to be redeemed in accordance with Section 11.1, except that redemption notices may be given more
        than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Securities or a satisfaction and discharge of this Indenture pursuant to Article IX hereof.

      

      

      The Company may make any redemption or redemption notice subject to the satisfaction of conditions precedent. If such redemption or
        notice is subject to the satisfaction of one or more conditions precedent, such notice shall state that, in the Company’s discretion, the redemption date may be delayed until such time (but no more than 60 days after the date of the notice of
        redemption) as any or all such conditions shall be satisfied, or such redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied by the redemption date, or by the redemption
        date as so delayed. In addition, the Company may provide in such notice that payment of the redemption price and performance of our obligations with respect to such redemption may be performed by another person.

      
        28

        
          

      

      The notice shall identify the Securities to be redeemed and corresponding CUSIP, ISIN or Common Code numbers, as applicable, and will
        state:

      

      

      (a)          

       the redemption date;

      

      

      (b)          

       the redemption price and the amount of accrued interest, if any, and Additional Amounts, if
          any, to be paid;

      

      

      (c)          

       if any Global Security is being redeemed in part, the portion of the principal amount of such
          Global Security to be redeemed and that, after the redemption date upon surrender of such Global Security, the principal amount thereof will be decreased by the portion thereof redeemed pursuant thereto;

      

      

      (d)          

       if any Certificated Security is being redeemed in part, the portion of the principal amount
          of such Security to be redeemed, and that, after the redemption date, upon surrender of such Security, a new Certificated Security or Certificated Securities in principal amount equal to the unredeemed portion thereof will be issued in the name
          of the Holder thereof upon cancellation of the original Certificated Security;

      

      

      (e)          

       the name and address of the Paying Agent(s) to which the Securities are to be surrendered
          for redemption;

      

      

      (f)          

       that Securities called for redemption must be surrendered to the relevant Paying Agent to
          collect the redemption price, plus accrued and unpaid interest, if any, and Additional Amounts, if any;

      

      

      (g)          

       that, unless the Company defaults in making such redemption payment, interest and Additional
          Amounts, if any, on Securities called for redemption cease to accrue on and after the redemption date;

      

      

      (h)          

       that Securities of the Series called for redemption must be surrendered to the Paying Agent
          to collect the redemption price;

      

      

      (i)          

       the paragraph of the Securities and/or Section of this Indenture pursuant to which the
          Securities called for redemption are being redeemed; and

      

      

      (j)          

       that no representation is made as to the correctness or accuracy of the CUSIP, ISIN or
          Common Code numbers, if any, listed in such notice or printed on the Securities.

      

      

      At the Company’s written request, the Trustee shall give the notice of redemption in the Company’s name and at its expense; provided,
        however, that the Company has delivered to the Trustee, at least five days prior to the date that notice of redemption is to be given to the Holders of the Securities (or such shorter notice as may be acceptable to the Trustee), an Officer’s
        Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph.

      
        29

        
          

      

      Section 4.4.          Effect of Notice of Redemption.

      

      

      Except for any notice of redemption that is subject to the satisfaction of conditions precedent, once notice of redemption is given as
        provided in Section 4.3, Securities of a Series called for redemption become due and payable on the redemption date and at the redemption price.  Upon surrender to the Paying Agent, such Securities shall be paid at the redemption price plus accrued
        interest to the redemption date.

      

      

      On or after any purchase or redemption date, unless the Company or any Guarantor, as applicable, defaults in payment of the purchase
        or redemption price, interest shall cease to accrue on Securities or portions thereof tendered for purchase or called for redemption.

      

      

      Section 4.5.          Deposit of Redemption Price.

      

      

      On or before 10:00 a.m., New York City time, on the redemption date, the Company shall deposit with the Trustee or with a Paying Agent
        money sufficient to pay the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date.

      

      

      Section 4.6.          Securities Redeemed in Part.

      

      

      Upon surrender of a Certificated Security that is redeemed in part, upon receipt of a Company Order, the Trustee shall authenticate
        for the Holder a new Certificated Security of the same Series and the same Maturity equal in principal amount to the unredeemed portion of the Security surrendered.

      

      

      ARTICLE V.

        COVENANTS

      

      

      Section 5.1.          Payment of
            Principal, Premium and Interest.

      

      

      The Company covenants and agrees for the benefit of the Holders of each Series of Securities that it will duly and punctually pay the
        principal of, premium, if any, and interest on the Securities of that Series in accordance with the terms of such Securities and this Indenture.  Unless otherwise provided by Board Resolution and Officer’s Certificate or by supplemental indenture
        for a particular Series, on or before 10:00 a.m., New York City time, on the applicable payment date, the Company shall deposit with the Paying Agent money sufficient to pay the principal of, premium, if any, and interest, if any, on the Securities
        of each such Series in accordance with the terms of such Securities and this Indenture.

      

      

      Section 5.2.          Compliance Certificate.

      

      

      (a)          The
          Company shall deliver to the Trustee, within 120 days after the end of its fiscal year (which as of the date of this Indenture is December 31, or if the fiscal year with respect to the Company is changed so that it ends on a date other than
          December 31, such other fiscal year end date as the Company shall notify to the Trustee in writing) of the Company, an Officer’s Certificate complying with TIA § 314(a)(4) and stating that a review of the activities of the Company and its
          Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officer with a view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further
          stating, as to each such Officer signing such certificate, that to the best of his/her knowledge the Company has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance
          or observance of any of the terms, provisions and conditions hereof (or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which he may have knowledge and what action the Company is taking
          or proposes to take with respect thereto).

      
        30

        
          

      

      (b)          The
          Company will, so long as any of the Securities are outstanding, deliver to the Trustee, promptly upon becoming aware of any Default or Event of Default, written notice specifying such Default or Event of Default and what action the Company is
          taking or proposes to take with respect thereto.

      

      

      Section 5.3.          Stay, Extension and Usury Laws.

      

      

      The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, plead, or in any manner
        whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture or the Securities; and the Company
        (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not, by resort to any such law, 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 has been enacted.

      

      

      Section 5.4.           Additional
            Amounts. If any Securities of a Series provide for the payment of additional amounts (“Additional Amounts”) as may be necessary so that each payment of interest, premium or principal in respect of
          such Series of Securities shall not be less than the amount provided for in such Series of Securities after deducting or withholding an amount for or on account of any present or future taxes, duties, levies, imposts, assessments or governmental
          charges of whatever nature imposed with respect to that payment, the Company agrees to pay to the Holder of any such Security Additional Amounts to the extent provided in or pursuant to this Indenture or such Securities. Whenever in this
          Indenture there is mentioned, in any context, the payment of the principal of or interest on, or in respect of, any Security of any Series, such mention shall be deemed to include mention of the payment of Additional Amounts provided by the terms
          of such Series established hereby or pursuant hereto to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof pursuant to such terms, and express mention of the payment of Additional Amounts (if
          applicable) in any provision hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such express mention is not made.

      
        31

        
          

      

      Section 5.5.          Reports.

      

      

      (a)          If at
          any point the Company is no longer subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, the Company will furnish or cause to be furnished to the Trustee in English (for distribution only to the Holders of Securities
          upon their request):

      

      

      (1)          within

          60 days after the end of the first, second and third quarters of the Company’s fiscal year (commencing with the quarter ending immediately following the Company no longer being subject to such reporting requirements), quarterly unaudited
          financial statements (consolidated) prepared in accordance with GAAP of the Company for such period; and

      

      

      (2)          within
          120 days after the end of the fiscal year of the Company (commencing with the first fiscal year ending immediately following the Company no longer being subject to such reporting requirements), annual audited financial statements (consolidated)
          prepared in accordance with GAAP of the Company for such fiscal year and a report on such annual financial statements by the Company’s auditors.

      

      

      (b)          Notwithstanding
          the foregoing, if the Company makes available the reports described in this Section 5.5 on its website, it will be deemed to have satisfied the reporting requirements set forth in this Section 5.5. Delivery of such reports, information and
          documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the
          Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates).

      

      

      ARTICLE VI.

        SUCCESSORS

      

      

      Section 6.1.          Consolidation, Amalgamation,
            Merger and Sale of Assets.

      

      

      (a)          The
          Company will not, in a single transaction or series of related transactions, consolidate or merge with or into any Person (whether or not the Company is the surviving or continuing Person), or sell, assign, transfer, lease, convey or otherwise
          dispose of (or cause or permit any Subsidiary to sell, assign, transfer, lease, convey or otherwise dispose of) all or substantially all of the Company’s properties and assets (determined on a consolidated basis for the Company and its
          Subsidiaries), to any Person unless:

      

      

      (1)          either:

      

      

      (A)          the Company is the
          surviving or continuing Person; or

      
        32

        
          

      

      (B)          the Person (if other
          than the Company) formed by such consolidation or into which the Company is merged or the Person which acquires by sale, assignment, transfer, lease, conveyance or other disposition the properties and assets of the Company and of the Company’s
          Subsidiaries substantially as an entirety (the “Surviving Entity”):

      

      

      (i)          is a corporation or
          company organized or incorporated and validly existing under the laws of the United States of America, any State thereof or the District of Columbia; and

      

      

      (ii)          expressly assumes, by
          supplemental indenture (in form and substance satisfactory to the Trustee), executed and delivered to the Trustee, the due and punctual payment of the principal of, and premium, if any, and interest on all of the Securities and the performance
          and observance of the covenants of the Securities and the Indenture on the part of the Company to be performed or observed;

      

      

      (2)          immediately

          before and immediately after giving effect to such transaction, no Default or Event of Default has occurred or is continuing;

      

      

      (3)          if
          the surviving or continuing Person is not the Company, any Guarantor, if applicable, has confirmed by supplemental indenture that its Guarantee will apply to the obligations of the Surviving Entity in respect of the Indenture and the Securities;
          and

      

      

      (4)          the
          Company or the Surviving Entity has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that the consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition and, if required in
          connection with such transaction, the supplemental indenture(s), if any, comply with the applicable provisions of the Indenture and that all conditions precedent in the Indenture relating to the transaction have been satisfied.

      

      

      (b)          For
          purposes of this covenant, the transfer (by lease, assignment, sale or otherwise, in a single transaction or series of transactions) of all or substantially all of the properties or assets of one or more Subsidiaries of the Company, the Capital
          Stock of which constitutes all or substantially all of the properties and assets of the Company (determined on a consolidated basis for the Company and its Subsidiaries), will be deemed to be the transfer of all or substantially all of the
          properties and assets of the Company.

      

      

      (c)          The
          provisions of clause (b) above will not apply to any merger or consolidation of the Company into an Affiliate of the Company incorporated solely for the purpose of reincorporating the Company in another jurisdiction so long as the Indebtedness
          (as defined in the applicable supplemental indenture) of the Company and its Subsidiaries taken as a whole is not increased thereby.

      
        33

        
          

      

      (d)          

       No Guarantor may consolidate with or merge with or into any Person, or sell, convey,
          transfer or dispose of, all or substantially all of its assets as an entirety or substantially as an entirety, in one transaction or a series of related transactions, to any Person, or permit any Person to merge with or into the Guarantor unless:

      

      

      (i)          

       the other Person is the Company or any Subsidiary that is a Guarantor or becomes a
          Guarantor concurrently with the transaction;

      

      

      (ii)          

       (1) either (x) the Guarantor is the continuing Person or (y) the resulting, surviving or
          transferee Person expressly assumes by supplemental indenture all of the obligations of the Guarantor under its Guarantee; and (2) immediately after giving effect to the transaction, no Default has occurred and is continuing; or

      

      

      (iii)          

       the transaction constitutes a sale or other disposition (including by way of consolidation
          or merger) of the Guarantor or the sale or disposition of all or substantially all the assets of the Guarantor (in each case other than to the Company or a Subsidiary) otherwise permitted by this Indenture or any supplemental indenture.

      

      

      (e)          

       The foregoing clauses of this Section 5.1 shall not apply to (i) any transfer of assets by
          the Company to any Subsidiary, (ii) any transfer of assets among Subsidiaries, or (iii) any transfer of assets to the Company.

      

      

      (f)          

       Upon any consolidation, combination or merger or any transfer of all or substantially all
          of the properties and assets of the Company and its Subsidiaries in accordance with this covenant, in which the Company is not the continuing Person, the Surviving Entity formed by such consolidation or into which the Company is merged or to
          which such conveyance, lease or transfer is made will succeed to, and be substituted for, and may exercise every right and power of, the Company under the Indenture and the Securities with the same effect as if such Surviving Entity had been
          named as such and the Company shall be relieved of its obligations under the Indenture and the Securities, and from time to time such entity may exercise each and every right and power of the Company under this Indenture, in the name of the
          Company, or in its own name; and any act or proceeding by any provision of this Indenture, in the name of the Company or in its own name; and any act or proceeding by any provision of this Indenture required or permitted to be done by the Board
          of Directors or any officer of the Company may be done with like force and effect by the like board of directors or officer of any entity that shall at the time be the successor of the Company hereunder. In the event of any such sale or
          conveyance, the Company (or any successor entity which shall theretofore have become such in the manner described in this Section 6.1) shall be discharged from all obligations and covenants under this Indenture and the Securities and may
          thereupon be dissolved and liquidated. For the avoidance of doubt, compliance with this covenant will not affect the obligations of the Company (including a Surviving Entity, if applicable) under any change of control payment provision set forth
          in any supplemental indenture, if applicable.

    

    
      34

      
        

    

    
      ARTICLE VII.

        DEFAULTS AND REMEDIES

      

      

      Section 7.1.          Events of Default.

      

      

      (a)          The
          following are “Events of Default” with respect to the Company’s Securities of any Series, unless in the establishing Board Resolution and Officer’s Certificate or the establishing supplemental indenture,
          it is provided that such Series shall not have the benefit of said Event of Default:

      

      

      (1)          

       default in the payment when due of the principal of or premium, if any, on (including, in
          each case, any related Additional Amounts) such Series;

      

      

      (2)          

       default for 30 days or more in the payment when due of interest (including any related
          Additional Amounts) on such Series;

      

      

      (3)          

       the failure by the Company or any Subsidiary to comply with any other covenant or agreement
          contained in the Indenture or the Securities for 90 days or more after written notice to the Company thereof from the Trustee or the Holders of at least 25% in aggregate principal amount of the outstanding Securities of such Series;

      

      

      (4)          

       default by the Company or any Significant Subsidiary under any indebtedness for borrowed
          money which:

      

      

      (A)          is caused by a failure to
          pay principal of or premium, if any, or interest on such indebtedness for borrowed money prior to the expiration of any applicable grace period provided in such indebtedness for borrowed money on the date of such default; or

      

      

      (B)          results in the
          acceleration of such indebtedness for borrowed money prior to its Stated Maturity;

      

      

      and the principal or accreted amount of indebtedness for borrowed money covered by clause (A) or (B) at the relevant time aggregates
        U.S.$75 million (or the equivalent in other currencies) or more;

      

      

      (5)          

       failure by the Company or any of its Significant Subsidiaries to pay one or more final
          judgments against any of them, aggregating U.S.$75 million (or the equivalent in other currencies) or more, which are not paid, discharged or stayed for a period of 90 days or more (to the extent not covered by a reputable and creditworthy
          insurance company);

      

      

      (6)          

       the occurrence of a Bankruptcy Law Event of Default;

      

      

      (7)          

       except as permitted herein or in the applicable supplemental indenture, any Guarantee, if
          applicable, is held to be unenforceable or invalid in a judicial proceeding or ceases for any reason to be in full force and effect or any Guarantor denies or disaffirms its obligations under its Guarantee; provided
          that any Guarantee of a Guarantor becoming unenforceable or invalid as a result of a change in law or regulations shall not constitute an Event of Default; or

      
        35

        
          

      

      (8)          any
          other Event of Default provided in the Officer’s Certificate, supplemental indenture or Board Resolution under which such Series of Securities is issued.

      

      

      (b)          The
          Company shall, upon becoming aware of any Default or Event of Default, deliver to the Trustee written notice of such Default or Event of Default, the status thereof and what action the Company is taking or proposes to take in respect thereof. In
          the absence of any such notice of Default or Event of Default from the Company, the Trustee shall not be deemed to have notice or be charged with knowledge of any Default or Event of Default.

      

      

      (c)          A
          Default under one Series of Securities issued under this Indenture will not necessarily be a default under another Series of Securities under this Indenture.

      

      

      Section 7.2.          Acceleration of Maturity;
            Rescission and Annulment.

      

      

      (a)          If
          an Event of Default for a Series of Securities occurs and is continuing (other than an Event of Default referred to in Section 7.1(a)(6) with respect to the Company), the Trustee or the Holders of at least 25% in principal amount of such Series
          of outstanding Securities may declare the unpaid principal of and premium, if any, and accrued and unpaid interest on all the Securities of such Series to be immediately due and payable by notice in writing to the Company (if given by the Trustee
          or the Holders) and the Trustee (if given by the Holders) specifying the Event of Default and that it is a “notice of acceleration.” If an Event of Default specified in Section 7.1(a)(6) occurs with respect to the Company, then the unpaid
          principal of and premium, if any, and accrued and unpaid interest on all the Securities of such Series will become immediately due and payable without any declaration or other act on the part of the Trustee or any Holder.

      

      

      (b)          At
          any time after such a declaration of acceleration with respect to any Series has been made as described in Section 7.2(a) above, the Holders of a majority in principal amount of the outstanding Securities of that Series, by written notice to the
          Company and the Trustee, may rescind and cancel such declaration and its consequences:

      

      

      (1)          

       if the rescission would not conflict with any judgment or decree;

      

      

      (2)        

       if all existing Events of Default have been cured or waived, except nonpayment of 
          principal or interest that has become due solely because of the acceleration;

      

      

      (3)       

       to the extent the payment of such interest is lawful, interest on overdue installments of
          interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid; and if the Company has paid the Trustee its compensation and reimbursed the Trustee for its expenses, disbursements and
          advances outstanding at that time.

      

      

      
        36

        
          

      

      (c)          

       No rescission will affect any subsequent Default or impair any rights relating thereto.

      

      

      (d)          

       The Holders of a majority in principal amount of the outstanding Securities of a Series may
          waive any existing Default or Event of Default under the Indenture, and its consequences, except a default in the payment of the principal of, premium, if any, or interest on any Securities of such Series.

      

      

      (e)          

       Subject to the provisions of the Indenture relating to the duties of the Trustee, the
          Trustee is under no obligation to exercise any of its rights or powers under the Indenture at the request, order or direction of any of the Holders, unless such Holders have offered to the Trustee indemnity and/or security reasonably satisfactory
          to it. Subject to all provisions of the Indenture and applicable law, the Holders of a majority in aggregate principal amount of the then-outstanding Securities of a Series 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.

      

      

      Section 7.3.          Collection of Indebtedness and
            Suits for Enforcement by Trustee.

      

      

      The Company covenants that if

      

      

      (a)          

       default is made in the payment of any 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 principal of any Security at the Maturity thereof, or

      

      

      then, the Company shall, upon demand of the Trustee, pay to it, for the benefit of the Holders of such
        Securities, the whole amount then due and payable on such Securities for principal, premium, if any, and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and any overdue
        interest at the rate or rates prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements
        and advances of the Trustee, its agents and counsel.

      

      

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

      

      

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

      
        37

        
          

      

      Section 7.4.          Trustee May File Proofs of Claim.

      

      

      In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition
        or other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of 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 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 allowed in such judicial proceeding, and

      

      

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

      

      

      and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized
        by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due 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 8.7.

      

      

      Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any
        Holder 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 in any such proceeding.

      

      

      Section 7.5.          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 Holders of the Securities in respect of which such judgment has been
        recovered.

      

      

      Section 7.6.          Application of Money Collected.

      

      

      Any money collected by the Trustee pursuant to this Article VII 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 interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

      

      

      
        38

        
          

      

      First:          To the payment of
          all amounts due the Trustee under Section 8.7; and

      

      

      Second:    To the payment of the
          amounts then due and unpaid for principal of, premium, if any, and 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 interest, respectively; and

      

      

      Third:         Any remaining
          amounts shall be repaid to the Company.

      

      

      Section 7.7.          Limitation on Suits.

      

      

      No Holder of Securities of any Series shall have any right to institute any proceeding with respect to the Indenture or for any remedy
        thereunder, unless:

      

      

      (a)          the
          Holder gives the Trustee written notice of a continuing Event of Default for such Series of Securities;

      

      

      (b)          the
          Holders of at least 25% in principal amount of such outstanding Series of Securities make a written request to the Trustee to pursue the remedy;

      

      

      (c)          the
          Holders of such Series furnish to the Trustee satisfactory indemnity;

      

      

      (d)          the
          Trustee does not comply within 60 days; and

      

      

      (e)          during

          that 60-day period, the Holders of a majority in principal amount of the outstanding Securities of such Series do not give the Trustee a written direction which, in the opinion of the Trustee, is inconsistent with the request;

      

      

      provided that a Holder of a Security may institute suit for enforcement of payment of the principal of and premium, if any, or
        interest on such Security on or after the respective due dates expressed in such Security.

      

      

      Section 7.8.          Unconditional Right of Holders
            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 interest, if any, on such Security on the Stated Maturity or 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 rights shall not be impaired without the consent of such Holder.

      

      

      Section 7.9.          Restoration of Rights and
            Remedies.

      

      

      If the Trustee or any Holder 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, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall 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 had been instituted.

      
        39

        
          

      

      Section 7.10.          Rights and Remedies Cumulative.

      

      

      Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in Section
        4.8, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders 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, to the extent permitted by law, prevent the
        concurrent assertion or employment of any other appropriate right or remedy.

      

      

      Section 7.11.          Delay or Omission Not Waiver.

      

      

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

      

      

      Section 7.12.          Control by Holders.

      

      

      The Holders of a majority in principal amount of the outstanding Securities of any Series shall have the right to direct the time,
        method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of such Series, provided that:

      

      

      (a)          

       such direction shall not be in conflict with any rule of law or with this Indenture;

      

      

      (b)          

       the Trustee may take any other action deemed proper by the Trustee which is not
          inconsistent with such direction; and

      

      

      (c)        

       the Trustee shall have the right to decline to follow any such direction if the Trustee in
          good faith shall, by a Responsible Officer of the Trustee, determine that the proceeding so directed would involve the Trustee in personal liability or that it will not be adequately indemnified against the costs, expenses and liabilities which
          might be incurred by it in complying with such direction.

      
        40

        
          

      

      Section 7.13.          Waiver of Past Defaults.

      

      

      The Holders of not less than a majority in principal amount of the outstanding Securities of any Series may on behalf of the Holders
        of all the Securities of such Series waive any past Default hereunder with respect to such Series and its consequences, except (i) a Default in the payment of the principal of or interest on any Security of such Series (provided, however,
        that the Holders of a majority in principal amount of the outstanding Securities of any Series may rescind an acceleration and its consequences, including any related payment default that resulted from such acceleration), or (ii) a Default in
        respect of a provision contained in this Indenture that cannot be modified or amended without the consent of the Holder of each outstanding Security affected thereby.  Upon any such waiver, such Default shall cease to exist, and any Event of
        Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.

      

      

      Section 7.14.          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 Company, 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 for the enforcement of the payment of the principal of or interest on any Security on or after the
        Stated Maturity or Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption date).

      

      

      ARTICLE VIII.

        TRUSTEE

      

      

      Section 8.1.          Duties of Trustee.

      

      

      (a)          If
          an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in such exercise, as a prudent person would exercise or use
          under the circumstances in the conduct of his or her own affairs.

      

      

      (b)          Except

          during the continuance of an Event of Default with respect to the Securities of any Series:

      

      

      (1)          the
          Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and

      

      

      
        41

        
          

      

      (2)          

       in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth
          of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture.  However, the Trustee shall examine such certificates and
          opinions to determine whether, on their face, they appear to conform to the requirements of this Indenture.

      

      

      (c)          The
          Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

      

      

      (1)          

       this paragraph does not limit the effect of paragraph (b) of this Section 8.1;

      

      

      (2)          

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

      

      

      (3)          

       the Trustee shall not be liable with respect to any action it takes or omits to take in
          good faith in accordance with a direction received by it pursuant to Section 7.12.

      

      

      (d)          Whether

          or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to the provisions of this Article VIII.

      

      

      (e)          No
          provision of this Indenture shall require the Trustee to expend or risk its own funds or incur any liability.  The Trustee may refuse to perform any duty or exercise any right or power unless it receives indemnity reasonably satisfactory to it
          against any loss, liability or expense.

      

      

      (f)          The
          Trustee shall not be liable for interest on or investment of any money received by it except as the Trustee may agree in writing with the Company.  Money held in trust by the Trustee need not be segregated from other funds except to the extent
          required by law.  All money received by the Trustee shall, until applied as herein provided, be held in trust for the payment of the principal of, premium (if any) and interest on and Additional Amounts with respect to the Securities.

      

      

      Section 8.2.          Rights of Trustee.

      

      

      (a)          The
          Trustee may conclusively rely and shall be fully protected in acting or refraining from acting, upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, note, debenture or other paper
          or document believed by it to be genuine and to have been signed or presented by the proper Person.  The Trustee need not investigate any fact or matter stated in any resolution, certificate, statement, instrument, opinion, report, notice,
          request, direction, consent, order, bond, security or other paper or document.

      
        42

        
          

      

      (b)          Before

          the Trustee acts or refrains from acting, it may require instruction, an Officer’s Certificate or an Opinion of Counsel or both to be provided.  The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on
          such instruction, Officer’s Certificate or Opinion of Counsel.  The Trustee may consult with counsel and the written advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action
          taken, suffered or omitted by it hereunder in good faith and in reliance thereon.

      

      

      (c)          The
          Trustee may act through agents, attorneys, custodians or nominees and shall not be responsible for the misconduct or negligence of any agent, attorney, custodian or nominee appointed with due care.

      

      

      (d)          The
          Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized or within its rights or powers conferred upon it by this Indenture or with respect to any action it takes or omits to take in
          good faith in accordance with a direction received by it from the Holders of a majority in aggregate principal amount of the relevant Series of Securities outstanding.

      

      

      (e)          Unless

          otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Company or any Guarantor, if applicable, shall be sufficient if signed by an Officer of the Company or such Guarantor.

      

      

      (f)          Anything

          in this Indenture to the contrary notwithstanding, in no event shall the Trustee be liable under or in connection with this Indenture for indirect, special, incidental, punitive or consequential losses or damages of any kind whatsoever, including
          but not limited to lost profits, whether or not foreseeable, even if the Trustee has been advised of the possibility thereof and regardless of the form of action in which such damages are sought.

      

      

      (g)          The
          Trustee shall be under no obligation to exercise any of the trusts or powers vested in it by this Indenture at the request, order or direction of any of the Holders of Securities pursuant to the provisions of this Indenture, unless such Holders
          of Securities shall have offered to the Trustee, security or indemnity reasonably satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred therein or thereby.

      

      

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

      

      

      (i)          The
          Trustee may at any time request, and the Company and any Guarantor, if applicable, shall each deliver an Officer’s Certificate setting forth the specimen signatures and the names of individuals and/or titles of Officers authorized at such time to
          take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any Person authorized to sign an Officer’s Certificate, including any Person specified as so authorized in any such certificate previously delivered
          and not superseded.

      

      

      
        43

        
          

      

      (j)          Notwithstanding

          any provision herein to the contrary, in no event shall the Trustee be liable for any failure or delay in the performance of its obligations under this Indenture because of circumstances beyond its control, including, but not limited to,
          pandemic, acts of God, flood, war (whether declared or undeclared), terrorism, fire, riot, strikes or work stoppages for any reason, embargo, government action, including any laws, ordinances, regulations or the like which restrict or prohibit
          the providing of the services contemplated by this Indenture, inability to obtain material, equipment, or communications or computer facilities, or the failure of equipment or interruption of communications or computer facilities, and other
          causes beyond its control whether or not of the same class or kind as specifically named above.

      

      

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

      

      

      Section 8.3.          May Hold Securities.

      

      

      The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the
        Company or any of its Affiliates with the same rights it would have if it were not Trustee.  Any Agent may do the same with like rights and duties.  However, the Trustee is subject to Sections 8.10 and 8.11.

      

      

      Section 8.4.          Trustee’s Disclaimer.

      

      

      The Trustee makes no representation as to the validity, sufficiency or adequacy of any offering materials, this Indenture, the
        Securities or any Guarantees, it shall not be accountable for the Company’s use of the proceeds from the Securities or any money paid to the Company or upon the Company’s direction under any provision hereof, and it shall not be responsible for any
        statement or recital herein or any statement in any offering materials or the Securities other than its certificate of authentication.

      

      

      Section 8.5.          Notice of Defaults.

      

      

      If a Default or Event of Default with respect to the Securities of any Series occurs and is continuing and it is actually known to the
        Trustee, the Trustee shall give to Holders of Securities of such Series a notice of the Default or Event of Default within 60 days after the Trustee has knowledge of such Default or Event of Default in accordance with Section 8.2(h).  Except in the
        case of a Default or Event of Default in payment of principal of, premium (if any) and interest on and Additional Amounts, the Trustee may withhold the notice if and so long as a Responsible Officer in good faith determines that withholding the
        notice is in the interests of Holders of Securities of such Series to do so.

      
        44

        
          

      

      Section 8.6.          Reports by Trustee to Holders.

      

      

      Within 60 days after May 15 of each year after the execution of this Indenture, the Trustee shall give to Holders of each Series of
        Securities and the Company a brief report dated as of such reporting date that complies with TIA § 313(a); provided, however, that if no event described in TIA § 313(a) has occurred within the twelve months preceding the reporting date with
        respect to any Series of Securities, no report need be transmitted to Holders of such Series or the Company.  The Trustee also shall comply with TIA § 313(b).  The Trustee shall also transmit by mail all reports if and as required by TIA §§ 313(c)
        and 313(d).

      

      

      A copy of each report at the time of its transmittal to Holders of a Series of Securities shall be filed by the Company with the SEC
        and each securities exchange, if any, on which the Securities of such Series are listed.  The Company shall notify the Trustee if and when any Series of Securities is listed on or delisted from any securities exchange.

      

      

      Section 8.7.          Compensation and Indemnity.

      

      

      The Company and any Guarantor, if applicable, jointly and severally, agree to pay to the Trustee for its acceptance of this Indenture
        and services hereunder such compensation as the Company or any Guarantor and the Trustee shall from time to time agree in writing between the parties for all services rendered by it hereunder.  The Trustee’s compensation shall not be limited by any
        law on compensation of a trustee of an express trust.  The Company and any Guarantor, if applicable, agree to reimburse the Trustee upon request for all reasonable disbursements, advances and expenses incurred by it.  Such expenses shall include
        the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.

      

      

      The Company and any Guarantor, if applicable, jointly and severally, hereby indemnify the Trustee from, and agree to hold it harmless
        for, from and against any damage, cost, claim, loss, liability or expense (including, without limitation, the reasonable fees and expenses of the Trustee’s agents and counsel) incurred by it arising out of or in connection with its acceptance and
        administration of the trusts set forth under this Indenture, the performance of its obligations and/or the exercise of its rights hereunder, including, without limitation, the reasonable costs and expenses of defending itself against any claim
        (whether asserted by the Company, any Guarantor, any Holder or any other Person), except as set forth in the next following paragraph.  The Trustee shall notify the Company promptly of any claim for which it may seek indemnity.  The Company and any
        Guarantor, as applicable, shall defend the claim, with counsel reasonably acceptable to the Trustee, and the Trustee shall cooperate in the defense, unless, the Trustee, in its reasonable discretion, determines that any actual or potential conflict
        of interest may exist, in which case the Trustee may have separate counsel, reasonably acceptable to the Company and any Guarantor, as applicable, and the Company and any Guarantor shall pay the reasonable fees and expenses of such counsel.  The
        Company need not pay for any settlement made without its consent.

      

      

      The Company shall not be obligated to reimburse any expense or indemnify against any loss or liability incurred by the Trustee through
        the Trustee’s own negligence or bad faith.

      

      

      To secure the payment obligations of the Company and any Guarantor, if applicable, in this Section 8.7, the Trustee shall have a lien
        prior to the Securities on all money or property held or collected by the Trustee, except that held in trust to pay principal of, premium (if any) and interest on and any Additional Amounts with respect to Securities of any Series.  Such lien and
        the obligations of the Company and any Guarantor, if any, under this Section 8.7 shall survive the satisfaction and discharge of this Indenture, the payment of the Securities and/or the resignation or removal of the Trustee.

      
        45

        
          

      

      When the Trustee incurs expenses or renders services in connection with an Event of Default, the expenses (including the reasonable
        charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable Bankruptcy Law.

      

      

      Section 8.8.          Replacement of Trustee.

      

      

      A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor
        Trustee’s acceptance of appointment as provided in this Section 8.8.

      

      

      The Trustee may resign and be discharged at any time with respect to the Securities of one or more Series by so notifying the
        Company.  The Holders of a majority in principal amount of the then outstanding Securities of any Series may remove the Trustee with respect to the Securities of such Series by so notifying the Trustee and the Company.  The Company may remove the
        Trustee for any or all Series of the Securities if:

      

      

      (a)          the
          Trustee fails to comply with Section 8.10;

      

      

      (b)          the
          Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy Law;

      

      

      (c)          a
          Custodian or public officer takes charge of the Trustee or its property; or

      

      

      (d)          the
          Trustee becomes incapable of acting.

      

      

      If the Trustee resigns or is removed or becomes incapable of acting, if a vacancy shall occur in the office of Trustee for any reason,
        with respect to the Securities of one or more Series, the Company, by a Company Order, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those Series (it being understood that any such successor
        Trustee may be appointed with respect to the Securities of one or more or all of such Series and that at any time there shall be only one Trustee with respect to the Securities of any particular series).  Within one year after the successor Trustee
        with respect to the Securities of any Series takes office, the Holders of a majority in principal amount of the Securities of such Series then outstanding may appoint a successor Trustee to replace the successor Trustee appointed by the Company.

      

      

      If a successor Trustee with respect to the Securities of any Series does not take office within 30 days after the retiring Trustee
        resigns or is removed, the retiring Trustee, the Company or the Holders of at least 10% in principal amount of the then outstanding Securities of such Series may petition any court of competent jurisdiction for the appointment of a successor
        Trustee with respect to the Securities of such Series.

      
        46

        
          

      

      If the Trustee with respect to the Securities of a Series fails to comply with Section 8.10, any Holder of Securities of such Series
        may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee with respect to the Securities of such Series.

      

      

      In case of the appointment of a successor Trustee with respect to all Securities, each such successor Trustee shall deliver a written
        acceptance of its appointment to the retiring Trustee and to the Company.  Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the retiring
        Trustee under this Indenture.  The successor Trustee shall give a notice of its succession to Holders in accordance with Section 11.1.  The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee,
        subject to the lien provided for in Section 8.7.

      

      

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

      

      

      Notwithstanding replacement of the Trustee or Trustees pursuant to this Section 8.8, the obligations of the Company or any Guarantor,
        if applicable, under Section 8.7 shall continue for the benefit of the retiring Trustee or Trustees.

      
        47

        
          

      

      Section 8.9.          Successor Trustee by Merger,
            etc.

      

      

      Subject to Section 8.10, if the Trustee consolidates, amalgamates, merges or converts into, or transfers all or substantially all of
        its corporate trust business (including this transaction) to, another corporation, the successor corporation without any further act shall be the successor Trustee.

      

      

      In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger,
        amalgamation, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated; and in case at that time any of the Securities shall not have been authenticated, any successor to
        the Trustee may authenticate such Securities either in the name of any predecessor hereunder or in the name of the successor to the Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Securities or
        in this Indenture provided that the certificate of the Trustee shall have.

      

      

      Section 8.10.          Eligibility; Disqualification.

      

      

      There shall at all times be a Trustee hereunder which shall be a corporation or banking association organized and doing business under
        the laws of the United States, any State thereof or the District of Columbia and authorized under such laws to exercise corporate trust power, shall be subject to supervision or examination by Federal or State (or the District of Columbia)
        authority and shall have, or be a subsidiary of a bank or bank holding company having, a combined capital and surplus of at least U.S.$50 million as set forth in its most recent published annual report of condition.

      

      

      The Indenture shall always have a Trustee who satisfies the requirements of TIA §§ 310(a)(1), 310(a)(2) and 310(a)(5).  The Trustee is
        subject to and shall comply with the provisions of TIA § 310(b) during the period of time required by this Indenture.  Nothing in this Indenture shall prevent the Trustee from filing with the SEC the application referred to in the penultimate
        paragraph of TIA § 310(b).

      

      

      Section 8.11.          Preferential Collection of
            Claims Against Company.

      

      

      The Trustee is subject to and shall comply with the provisions of TIA § 311(a), as if such section applied hereto, excluding any
        creditor relationship listed in TIA § 311(b).  A Trustee who has resigned or been removed shall be subject to TIA § 311(a), as if such section applied hereto, to the extent indicated therein.

      

      

      ARTICLE IX.

        DISCHARGE OF INDENTURE

      

      

      Section 9.1.          Legal Defeasance and Covenant
            Defeasance.

      

      

      (a)          The
          Company may, at its option, at any time, upon compliance with the conditions set forth in Section 9.1.2, elect to have either Section 9.1(b) or Section 9.1(c) be applied to its obligations with respect to all the Securities of a Series and all
          obligations of any Guarantor under any Guarantee of such Series.

      
        48

        
          

      

      (b)          Upon
          the Company’s exercise under Section 9.1(a) of the option applicable to this Section 9.1(b), the Company shall, subject to the satisfaction of the conditions set forth in Section 9.1.2, be deemed to have paid and discharged the entire
          indebtedness represented by the outstanding Securities of such Series and any related Guarantees on the 91st day after the deposit specified in Section 9.1.2(a) (hereinafter, “Legal Defeasance”).  For this
          purpose, Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by the outstanding Securities of such Series, which shall thereafter be deemed to be outstanding only for the
          purposes of the sections of this Indenture referred to in clause (1) or (2) of this Section 9.1(b), and the Company shall have been deemed to have satisfied all their other obligations under such Series, and hereunder (and the Trustee, on demand
          of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following provisions, which shall survive until otherwise terminated or discharged hereunder:

      

      

      (1)          

       the rights of Holders to receive solely from the trust described in Section 9.1.2(a) below,
          as more fully set forth in such section, payments in respect of the principal of, premium, if any, and interest on the Securities when such payments are due;

      

      

      (2)          

       the Company’s obligations with respect to such Securities concerning issuing temporary
          Securities, registration of Securities, mutilated, destroyed, lost or stolen Securities and the maintenance of an office or agency for payments;

      

      

      (3)          

       the rights, powers, trusts, duties and immunities of the Trustee as described in Article
          VIII and hereunder and the Company’s obligations in connection therewith; and

      

      

      (4)          

       this Article IX.

      

      

      Subject to compliance with this Article IX, the Company may exercise its option under this Section 9.1(b)
        notwithstanding the prior exercise of its option under Section 9.1(c).

      

      

      (c)          Upon
          the Company’s exercise under Section 9.1(a) of the option applicable to this Section 9.1(c), the Company and its Subsidiaries shall be, subject to the satisfaction of the applicable conditions set forth in Section 9.1.2, released and discharged
          from their obligations under the covenants (including, without limitation, the obligations contained in Sections 5.2, 5.4, and 5.5, and Article VI as well as those covenants included in any applicable supplemental indenture, with respect to the
          outstanding Securities and the operation of Sections 7.1(a)(4), (5), (6) and (7), but only as it applies to any Subsidiary, shall terminate on and after the date the conditions set forth below are satisfied (hereinafter, “Covenant Defeasance”), and the Securities of such Series shall thereafter be deemed not outstanding for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in
          connection with such covenants, but shall continue to be outstanding for all other purposes hereunder (it being understood that such Securities shall not be deemed outstanding for accounting purposes). For this purpose, such Covenant Defeasance
          means that, with respect to the outstanding Securities of a 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 covenant, whether directly or indirectly, by
          reason of any reference elsewhere in the Indenture to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an
          Event or Default with respect to the Securities or any Guarantees under Section 7.1, but, except as specified above, the remainder hereof and such Securities of such Series shall be unaffected thereby.

      
        49

        
          

      

             9.1.2.          Conditions to Defeasance.  The Company may exercise its Legal Defeasance option or its Covenant Defeasance option only if:

      

      

      (a)          

       the Company has irrevocably deposited with the Trustee, in trust, for the benefit of the
          Holders cash in U.S. Dollars, certain direct non-callable obligations of, or guaranteed by, the United States, or a combination thereof, in such amounts as shall be sufficient without reinvestment, in the case of obligations of the United States,
          in the opinion of a nationally recognized firm of independent public accountants or investment bank, to pay the principal of, premium, if any, and interest (including Additional Amounts) on a Series of Securities on the stated date for payment
          thereof or on the applicable redemption date, as the case may be;

      

      

      (b)          

       in the case of Legal Defeasance, the Company has delivered to the Trustee an Opinion of
          Counsel from a nationally recognized law firm in the U.S. reasonably acceptable to the Trustee and independent of the Company to the effect that:

      

      

      (1)          the
          Company has received from, or there has been published by, the Internal Revenue Service a ruling; or

      

      

      (2)          since

          the applicable Issue Date, there has been a change in the applicable U.S. federal income tax law;

      

      

      in either case to the effect that, and based thereon such Opinion of Counsel shall state that, the beneficial owners of the Securities
        of such Series will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Legal Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would
        have been the case if such Legal Defeasance had not occurred;

      

      

      (c)          

       in the case of Covenant Defeasance, the Company has delivered to the Trustee an Opinion of
          Counsel from a nationally recognized law firm in the U.S. reasonably acceptable to the Trustee and independent of the Company to the effect that the beneficial owners of the Securities of such Series will not recognize income, gain or loss for
          U.S. federal income tax purposes as a result of such Covenant Defeasance and will be subject to U.S. 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;

      

      

      (d)          

       no Default or Event of Default has occurred and is continuing on the date of the deposit
          pursuant to Section 9.1.2(a);

      
        50

        
          

      

      (e)          the
          Company has delivered to the Trustee an Officer’s Certificate stating that such Legal Defeasance or Covenant Defeasance will not result in a breach or violation of, or constitute a default under this Indenture or any other material agreement or
          instrument to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound;

      

      

      (f)          the
          Company has delivered to the Trustee an Officer’s Certificate stating that the deposit was not made by the Company with the intent of preferring the Holders over any other creditors of the Company or any Subsidiary of the Company or with the
          intent of defeating, hindering, delaying or defrauding any other creditors of the Company or others;

      

      

      (g)          the
          Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel from U.S. counsel reasonably acceptable to the Trustee and independent of the Company, each stating that all conditions precedent provided for or relating to
          the Legal Defeasance or the Covenant Defeasance have been complied with; and

      

      

      (h)          the
          Company has delivered to the Trustee an Opinion of Counsel from U.S. counsel reasonably acceptable to the Trustee and independent of the Company to the effect that the trust funds will not be subject to the effect of any applicable bankruptcy,
          insolvency, reorganization or similar laws affecting creditors’ rights generally.

      

      

      Section 9.2.          Application of Trust Money.

      

      

      The Trustee or a trustee satisfactory to the Trustee and the Company shall hold in trust money or Government Obligations deposited
        with it pursuant to Section 9.1 hereof.  It shall apply the deposited money and the money from Government Obligations through the Paying Agent and in accordance with this Indenture to the payment of principal of premium (if any) and interest on and
        any Additional Amounts with respect to the Securities of the Series with respect to which the deposit was made.

      

      

      Section 9.3.          Repayment to Company.

      

      

      The Trustee and the Paying Agent shall promptly pay to the Company (or to its designee) upon written request any excess money or
        Government Obligations (or proceeds therefrom) held by them at any time upon the written request of the Company.

      

      

      Subject to the requirements of any applicable abandoned property laws, the Trustee and the Paying Agent shall pay to the Company upon
        written request any money held by them for the payment of principal, premium (if any), interest or any Additional Amounts that remains unclaimed for two years after the date upon which such payment shall have become due.  After payment to the
        Company, Holders entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property law designates another Person, and all liability of the Trustee and the Paying Agent with respect to such money
        shall cease.

      
        51

        
          

      

      Section 9.4.          Reinstatement.

      

      

      If the Trustee or the Paying Agent is unable to apply any money or Government Obligations deposited with respect to Securities of any
        Series in accordance with Section 9.1 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the obligations of the Company
        under this Indenture with respect to the Securities of such Series and under the Securities of such Series shall be revived and reinstated as though no deposit had occurred pursuant to Section 9.1 until such time as the Trustee or the Paying Agent
        is permitted to apply all such money or Government Obligations in accordance with Section 9.1; provided, however, that if the Company has made any payment of principal of, premium (if any) or interest on or any Additional Amounts
        with respect to any Securities because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money or Government Obligations held by the Trustee or
        the Paying Agent.

      

      

      Section 9.5.          Satisfaction
            and Discharge. This Indenture shall be discharged and shall cease to be of further effect (except as to surviving rights or registration of transfer or exchange of any Securities, as expressly provided for herein) as to all outstanding
          Securities, and the Trustee, on written demand of and at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when:

      

      

      (a)          either:

      

      

      (1)          all
          the Securities theretofore authenticated and delivered (except lost, stolen or destroyed Securities which have been replaced or paid and 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) have been delivered to the Trustee for cancellation; or

      

      

      (2)          all
          Securities not theretofore delivered to the Trustee for cancellation have become due and payable at the Stated Maturity or will become due and payable within one year, including by reason of the giving of a notice of redemption, and the Company
          has irrevocably deposited or caused to be deposited with the Trustee funds or Government Obligations sufficient without reinvestment to pay and discharge the entire Indebtedness (as defined in the applicable supplemental indenture) on the
          Securities not theretofore delivered to the Trustee for cancellation, for principal of, premium, if any, and accrued and unpaid interest on the Securities to the date of deposit (in the case of Securities that have become due and payable) or to
          the Stated Maturity or the redemption date, as the case may be, together with irrevocable instructions from the Company directing the Trustee to apply such funds to the payment;

      

      

      (b)          the
          Company has paid all other sums payable under this Indenture and the Securities by the Company; and

      
        52

        
          

      

      (c)          the
          Company has delivered to the Trustee an Officer’s Certificate stating that all conditions precedent under this Indenture relating to the satisfaction and discharge of this Indenture have been complied with.

      

      

      ARTICLE X.

        AMENDMENTS AND WAIVERS

      

      

      Section 10.1.          Without Consent of Holders.

      

      

      Without the consent of any Holder of Securities of a Series, the Company, any Guarantor of the Securities of a Series, if applicable,
        and the Trustee may amend, modify or supplement this Indenture or any supplemental indenture, such Series of Securities or any Guarantee of such Series of Securities in the following circumstances:

      

      

      (1)          

       to cure any ambiguity, omission, defect or inconsistency contained therein;

      

      

      (2)          

       to provide for the assumption by a Surviving Entity of the obligations of the Company or
          any Guarantor under the Indenture or applicable supplemental indenture;

      

      

      (3)          

       to add Guarantees with respect to a Series of Securities or release a Guarantee in
          accordance with the terms of the Indenture or applicable supplemental indenture;

      

      

      (4)          

      to secure the Securities;

      

      

      (5)          

       to add to the covenants of the Company for the benefit of the Holders or surrender any
          right or power conferred upon the Company;

      

      

      (6)          

       to issue additional Securities of any Series in accordance with the Indenture; provided
          that if such additional Securities are not issued pursuant to a “qualified reopening” of the relevant original Series of Securities, are otherwise not treated as part of the same “issue” of debt instruments as the original Series of Securities or
          are issued with more than a de minimis amount of original issue discount, in each case for U.S. federal income tax purposes, then a separate CUSIP or ISIN shall be issued for such additional Securities;

      

      

      (7)          

       to evidence the replacement of the Trustee as provided for under the Indenture;

      

      

      (8)          

       if necessary, in connection with any release of any security permitted under the Indenture;

      

      

      (9)          

       to make any other change that does not adversely affect the rights of any Holder in any
          material respect;

      
        53

        
          

      

      (10)         

       to provide for uncertificated Securities in addition to or in place of Certificated
          Securities;

      

      

      (11)          

      to conform the text of the Indenture, any supplemental indenture, the Guarantees or any
          Series of Securities to any provision of the prospectus or supplemental prospectus of any Series of Securities; and

      

      

      With respect to any additional Guarantees to be added pursuant to Section 10.1(3), the Trustee is further authorized, without any
        further consents, to execute and deliver any additional documents that the Company identifies as necessary to effect such addition.

      

      

      Section 10.2.          With Consent of Holders.

      

      

      Other modifications to, amendments of, supplements to, waivers to any Existing Default or Event of Default and its consequences (other
        than regarding a Default or Event of Default in the payment of the principal of, premium on, if any, interest or Additional Amounts, if any, on, such Securities of a Series, except a payment Default resulting from an acceleration that has been
        rescinded) or compliance with any provision of, the Indenture or Securities of a Series or any applicable Guarantee of a Series of Securities may be made with the consent of the Holders of a majority in principal amount of the then-outstanding
        Securities of such Series issued under the Indenture, except that, without the consent of each Holder of such Securities of such Series affected thereby, no amendment may (with respect to any Securities of such Series held by a non-consenting
        Holder):

      

      

      (1)          

       reduce the percentage of the principal amount of the outstanding Securities of such Series
          whose Holders must consent to an amendment, supplement or waiver;

      

      

      (2)          

       reduce the rate of or change or have the effect of changing the time for payment of interest on
          any Securities of such Series;

      

      

      (3)          

       change any place of payment where the principal of or interest on the Securities of such Series
          is payable;

      

      

      (4)          

      reduce the principal of or change or have the effect of changing the fixed maturity of any
          Securities of such Series, or change the date on which any Securities of such Series may be subject to redemption, or reduce the redemption price therefor;

      

      

      (5)          

       make any Securities if such Series payable in currencies other than that stated in the
          Securities of such Series;

      

      

      (6)          

       make any change in provisions of the Indenture entitling each Holder of Securities of such
          Series to receive payment of principal of, premium, if any, and interest on such Securities of such Series on or after the due date thereof or to bring suit to enforce such payment, or permitting Holders of a majority in principal amount of
          outstanding Securities of such Series to waive Defaults or Events of Default;

      

      

      (7)          

       to the extent applicable, eliminate or modify in any manner any Guarantor’s obligations
          with respect to the Guarantees of such Series of Securities which adversely affects Holders of Securities of such Series in any material respect, except as contemplated in the Indenture or in the applicable supplemental indenture; and

      
        54

        
          

      

      (8)          make any change in the
          provisions of the Indenture described under Section 5.4 that adversely affects the rights of any Holder of Securities of such Series or amend the terms of the Securities of such Series in a way that would result in a loss of exemption from any
          applicable taxes.

      

      

      For the avoidance of doubt, any amendment, supplement or waiver to any Series of Securities made with the consent of Holders of such
        Series of Securities, shall be made with respect to that Series of Securities only, and not any other Series of Securities.

      

      

      In the event that consent is obtained from some of the Holders but not from all of the Holders with respect to any amendments or
        waivers pursuant to clauses (1) through (8) of this Section 10.2, new Securities of such Series with such amendments or waivers will be issued to those consenting Holders.  Such new Securities shall have separate CUSIP numbers and ISINs from those
        Securities of such Series held by non-consenting Holders.

      

      

      Section 10.3.          Form of Amendments.

      

      

      Every amendment to this Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture and each
        supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby.

      

      

      Section 10.4.          Revocation and Effect of
            Consents.

      

      

      Until an amendment is set forth in a supplemental indenture or a waiver becomes effective, a consent to it by a Holder of a Security
        is a continuing consent by the Holder and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security.  However, any
        such Holder or subsequent Holder may revoke the consent as to his Security or portion of a Security if the Trustee receives the written notice of revocation before the date of the supplemental indenture or the date the waiver becomes effective.

      

      

      Any amendment or waiver once effective shall bind every Securityholder of each Series affected by such amendment or waiver unless it
        is of the type described in any of clauses (1) through (8) of Section 10.2.  In that case, the amendment or waiver shall bind each Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a Security that
        evidences the same debt as the consenting Holder’s Security.

      

      

      It will not be necessary for the consent of the Holders to approve the particular form of any proposed supplement, amendment or
        waiver, but it will be sufficient if such consent approves the substance of it.

      

      

      The Company may set a record date for purposes of determining the identity of the Holders of each series of Securities entitled to
        give a written consent or waive compliance by the Company as authorized or permitted by this Section.  Such record date shall not be more than 30 calendar days prior to the first solicitation of such consent or waiver or the date of the most recent
        list of Holders furnished to the Trustee prior to such solicitation pursuant to Section 312 of the TIA.

      
        55

        
          

      

      Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of this
        Section 10.4, the Company shall mail a notice, setting forth in general terms the substance of such supplemental indenture, to the Holders of Securities at their addresses as the same shall then appear in the register.  Any failure of the Company
        to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture.

      

      

      Section 10.5.          Notation on or Exchange of
            Securities.

      

      

      The Trustee may place an appropriate notation about an amendment or waiver on any Security of any Series thereafter authenticated. 
        The Company in exchange for its Securities of that Series may issue and the Trustee shall authenticate upon request new Securities of that Series that reflect the amendment or waiver.

      

      

      Section 10.6.          Trustee Protected.

      

      

      In executing, or accepting the additional trusts created by, any supplemental indenture, amendment or waiver permitted by this Article
        or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 8.1) shall be fully protected in relying upon, an Opinion of Counsel and Officer’s Certificate stating that the
        execution of such supplemental indenture is authorized or permitted by this Indenture.  The Trustee may, but shall not be obligated to, enter into any supplemental indentures which affect the Trustee’s own rights, duties, immunities, or indemnities
        under this Indenture, the Securities or otherwise.

      

      

      ARTICLE XI.

        MISCELLANEOUS

      

      

      Section 11.1.          Notices.

      

      

      Any request, direction, instruction, demand, document, notice or communication by the Company, any Guarantor or the Trustee to the
        other, or by a Holder to the Company or the Trustee, shall be in English and in writing and delivered in person, mailed by first-class mail or delivered by overnight courier as follows:

      

      if to the Company or any Guarantor:

      

      

      MercadoLibre Inc.

        Posta 4789, 6th Floor

      Buenos Aires, Argentina, C1430CRG

      E-mail address: jcimach@mercadolibre.com

         Attention: General Counsel

      
        56

        
          

      

      With a copy to:

      

      

      Cleary Gottlieb Steen & Hamilton LLP

        One Liberty Plaza

        New York, New York 10006

      E-mail address: ngrabar@cgsh.com

        Attention: Nicolas Grabar

      

      

      if to the Trustee:

      

      

      The Bank of New York Mellon

        240 Greenwich Street,

        New York, NY 10286

      E-mail address: gcs.specialty.glam.conv@bnymellon.com

        Attention: Corporate Trust Administration

      

      

      Notices shall be effective upon the recipient’s actual receipt thereof.  Any party by notice to the other parties may designate
        additional or different addresses for subsequent notices or communications.

      

      

      The Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by unsecured e-mail, pdf or other
        similar unsecured electronic methods, provided, however, that the Trustee shall have received an incumbency certificate listing persons designated to give such instructions or directions and containing specimen signatures of such designated
        persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the listing.  If the Company elects to give the Trustee e-mail instructions (or instructions by a similar electronic method),
        the Trustee’s understanding of such instructions shall be deemed controlling.  The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions
        notwithstanding such instructions conflict or are inconsistent with a subsequent written instruction.  The Company agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee,
        including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk or interception and misuse by third parties.

      

      

      Any notice or communication to (i) a Securityholder of a Certificated Security shall be mailed by first-class mail to his address
        shown on the register kept by the Registrar and (ii) a Securityholder of a Global Security shall be delivered to the Depositary in accordance with its applicable procedures.  Failure to give a notice or communication to a Securityholder of any
        Series or any defect in it shall not affect its sufficiency with respect to other Securityholders of that or any other Series.

      

      

      If a notice or communication to any Securityholder is given in the manner provided above, within the time prescribed, it is duly
        given, whether or not the Securityholder receives it.

      
        57

        
          

      

      If the Company mails a notice or communication to Securityholders, it shall mail a copy to the Trustee and each Agent at the same
        time.

      

      

      In respect of this Indenture, the Trustee shall not have any duty or obligation to verify or confirm that the Person sending
        instructions, directions, reports, notices or other communications or information by electronic transmission is, in fact, a Person authorized to give such instructions, directions, reports, notices or other communications or information on behalf
        of the party purporting to send such electronic transmission; and the Trustee shall not have any liability for any losses, liabilities, costs or expenses incurred or sustained by any party as a result of such reliance upon or compliance with such
        instructions, directions, reports, notices or other communications or information.  Each other party agrees to assume all risks arising out of the use of electronic methods to submit instructions, directions, reports, notices or other
        communications or information to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, notices, reports or other communications or information, and the risk of interception and misuse by third
        parties.

      

      

      Section 11.2.          Communication by Holders with
            Other Holders.

      

      

      Securityholders of a Series may communicate pursuant to TIA § 312(b), as if such section applied hereto, with other Securityholders of
        such Series with respect to their rights under this Indenture or the Securities.  The Company, the Trustee, the Agents and anyone else shall have the protection of TIA § 312(c).

      

      

      Section 11.3.          Certificate and Opinion as to
            Conditions Precedent.

      

      

      Upon any request or application by the Company or any Guarantor, if applicable, to the Trustee to take any action under this
        Indenture, the Company or any such Guarantor shall furnish to the Trustee:

      

      

      	

            	1.	
              an Officer’s Certificate (which shall include the statements set forth in Section 11.4) stating that, in the opinion of the signer, all conditions precedent, if any,
                provided for in this Indenture relating to the proposed action have been complied with; and

            

      

      

      	

            	2.	
              an Opinion of Counsel (which shall include the statements set forth in Section 11.4 hereof) stating that, in the opinion of such counsel, all such conditions
                precedent have been complied with.

            

      

      

      Section 11.4.          Statements Required in
            Certificate or Opinion.

      

      

      Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a
        certificate provided pursuant to Section 5.2 in accordance with TIA § 314(a)(4)) shall comply with the provisions of TIA § 314(e) and shall include substantially:

      

      

      	

            	1.	
              a statement that the Person making such certificate or opinion has read such covenant or condition;

            

      
        58

        
          

      

      	

            	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 or she has made such examination or investigation as is necessary to enable such Person to express an informed
                view or 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.

            

      

      

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

      

      

      Any certificate, statement or opinion of an officer of the Company or of counsel to the Company may be based, insofar as it relates to
        accounting matters, upon a certificate or opinion of, or representations by, an accountant or firm of accountants, unless such officer or counsel, as the case may be, knows, or in the exercise of reasonable care should know, that the certificate or
        opinion or representations with respect to the accounting matters upon which his or her certificate, statement or opinion may be based are erroneous.  Any certificate or opinion of any firm of independent registered public accountants filed with
        the Trustee shall contain a statement that such firm is independent.

      

      

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

      

      

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

      

      

      Section 11.5.          Rules by Trustee and Agents.

      

      

      The Trustee may make reasonable rules for action by or a meeting of Securityholders of one or more Series.  Any Agent may make
        reasonable rules and set reasonable requirements for its functions.

      
        59

        
          

      

      Section 11.6.          Legal Holidays.

      

      

      If a payment date is not a Business Day, payment may be made at that place on the next succeeding day that is a Business Day, and no
        interest shall accrue for the intervening period.

      

      

      Section 11.7.          No Personal Liability of
            Directors, Officers, Employees and Certain Others.

      

      

      No director, officer, employee, incorporator or similar founder, stockholder or member of the Company or any Guarantor, as such, will
        have any liability for or any obligations of the Company or any Guarantor under this Indenture or the Securities, or any Guarantee or for any claim based on, in respect of or by reason of, such obligations or their creation.  Each Holder of
        Securities by accepting a Security waives and releases all such liability.  The waiver and release are part of the consideration for issuance of the Securities.  The waiver may not be effective to waive liabilities under the federal securities
        laws.

      

      

      Section 11.8.          FATCA.

      

      

      The Company agrees that if reasonably requested in writing by the Trustee or any Agent (for purposes of this Section 11.8, the “Trustee”), the Company shall provide such information in its possession as is reasonably necessary for the Trustee to comply with the requirements of Sections 1471 to 1474 of the U.S. Internal Revenue Code, as
        amended, and any current or future regulations or official interpretations thereof (collectively, “FATCA”), in relation to a payment made under the Indenture, the Securities or any Guarantee; provided, however, that the Company shall not be
        required to provide any information that it is prohibited from disclosing.  The Trustee shall be entitled to make any withholding or deduction from payments under the Indenture, the Securities or any Guarantee to the extent necessary to comply with
        FATCA.  The Trustee shall have no liability for, and the Company shall indemnify and hold harmless the Trustee against any liability for, any withholding or deduction made by the Trustee, or any failure by the Trustee to make any withholding or
        deduction, in each case to the extent such action or failure to act was taken in reliance on the information provided by the Company pursuant to the first sentence of this Section 11.8 or as a result of the Company’s failure to provide information
        pursuant to the first sentence of this Section 11.8.

      

      

      Section 11.9.          Counterparts.

      

      

      This Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together
        constitute one and the same instrument.  Delivery of an executed counterpart of a signature page of this Indenture by facsimile or in electronic format shall be effective as delivery of a manually executed counterpart of this Indenture.

      

      

      Section 11.10.          Governing Laws.

      

      

      THIS INDENTURE, THE SECURITIES AND ANY GUARANTEE, INCLUDING ANY CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO
        THIS INDENTURE, THE SECURITIES OR ANY GUARANTEE, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK.

      
        60

        
          

      

      Section 11.11.          No Adverse Interpretation of
            Other Agreements.

      

      

      This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or any Subsidiary of the
        Company.  Any such indenture, loan or debt agreement may not be used to interpret this Indenture.

      

      

      Section 11.12.          Successors and Assigns.

      

      

      All covenants and agreements of the Company and any Guarantor in this Indenture and the Securities shall bind their respective
        successors and assigns, whether so expressed or not.  All agreements of the Trustee in this Indenture shall bind its successor.

      

      

      Section 11.13.          Severability.

      

      

      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.

      

      

      Section 11.14.          Table of Contents, Headings,
            Etc.

      

      

      The table of contents, cross reference table, and headings of the Articles and Sections of this Indenture have been inserted for
        convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof.

      

      

      Section 11.15.          Judgment Currency.

      

      

      Each of the Company and any Guarantor, if applicable, agrees, to the fullest extent that it may effectively do so under applicable
        law, that (a) if for the purpose of obtaining judgment in any court it is necessary to convert the sum due in respect of this Indenture or the principal of or interest or other amount on the Securities of any Series (the “Required Currency”) into a currency in which a judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking
        procedures the recipient could purchase in The City of New York the Required Currency with the Judgment Currency on the day on which final unappealable judgment is entered, unless such day is not a New York Banking Day, then the rate of exchange
        used shall be the rate at which in accordance with normal banking procedures the recipient could purchase in The City of New York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final
        unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the Required Currency (i) shall not be discharged or satisfied by any tender, or any recovery pursuant to any judgment (whether or not entered in
        accordance with subsection (a)), in any currency other than the Required Currency, except to the extent that such tender or recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be
        payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full
        amount of the Required Currency so expressed to be payable, and (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture.  For purposes of the foregoing, “New York Banking
          Day” means any Business Day.

      
        61

        
          

      

      Section 11.16.          English Language.

      

      

      This Indenture has been negotiated and executed in the English language.  All certificates, reports, notices and other documents and
        communications delivered or delivered pursuant to this Indenture (including any modifications or supplements hereto), shall be in the English language, or accompanied by a certified English translation thereof.  In the case of any document
        originally issued in a language other than English, the English language version of any such document shall for purposes of this Indenture, and absent manifest error, control the meaning of the matters set out therein.

      

      

      Section 11.17.          Submission to Jurisdiction;
            Appointment of Agent.

      

      

      Any suit, action or proceeding against the Company or any Guarantor or its respective properties, assets or revenues with respect to
        this Indenture, the Securities or any Guarantee (a “Related Proceeding”) may be brought in any state or Federal court in the Borough of Manhattan in The City of New York, New York, as the Person bringing
        such Related Proceeding may elect in its sole discretion.  The Company and any Guarantor hereby consent to the non-exclusive jurisdiction of each such court for the purpose of any Related Proceeding and have irrevocably waived any objection to the
        laying of venue of any Related Proceeding brought in any such court and to the fullest extent they may effectively do so and the defense of an inconvenient forum to the maintenance of any Related Proceeding or any such suit, action or proceeding in
        any such court.  The Company and any Guarantor hereby agree that service of all writs, claims, process and summonses in any Related Proceeding brought against them in the State of New York may be made upon Corporation Service Company (the “Process Agent”).  Each of the Company  and any Guarantor has irrevocably appointed the Process Agent as its agent and true and lawful attorney in fact in its name, place and stead to accept such service of any
        and all such writs, claims, process and summonses, and hereby agrees that the failure of the Process Agent to give any notice to it of any such service of process shall not impair or affect the validity of such service or of any judgment based
        thereon.  The Company and any Guarantor hereby agree to have an office or to maintain at all times an agent with offices in the United States of America to act as Process Agent.  Nothing in this Indenture shall in any way be deemed to limit the
        ability to serve any such writs, process or summonses in any other manner permitted by applicable law.

      

      

      Section 11.18.          Waiver of Immunity.

      

      

      To the extent that the Company or any Guarantor has or hereafter may acquire any immunity from jurisdiction of any court or from any
        legal process (whether through service of notice, attachment prior to judgment, attachment in aid of execution or execution, on the ground of sovereignty or otherwise) with respect to itself or its property, it hereby irrevocably waives, to the
        fullest extent permitted by applicable law, such immunity in respect of its obligations under this Indenture, Securities and/or any Guarantees.

      
        62

        
          

      

      Section 11.19.          Waiver of Jury Trial.

      

      

      EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER
        BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES, ANY GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

      

      

      Section 11.20.          Trust Indenture Act Controls.

      

      

      If any provision of this Indenture limits, qualifies or conflicts with the duties imposed by operation of TIA § 318(c), the imposed
        duties shall control.

      

      
        63

        
          

      

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

      

      

      	 	
              MERCADOLIBRE, INC.

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            

      

      

      	 	
              MERCADOLIBRE S.R.L.

            
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            

      

      

      	 	
              EBAZAR.COM.BR LTDA.

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            

      

      

      	 	
              IBAZAR.COM ATIVIDADES DE INTERNET LTDA.

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            

      

      

      	 	
              MERCADOENVIOS SERVICOS DE LOGISTICA LTDA.

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            

      

      

      
        Signature Page to Base Indenture

      

      
        64

        
          

      

      	 	
              MERCADOPAGO.COM REPRESENTAÇÕES LTDA.

            
	 	 	 
	 	
              By:

            	 
	 	

            	
              Name:

            
	 	

            	
              Title:

            

      

      

      	 	
              DEREMATE.COM DE MEXICO, S.  DE R.L.  DE C.V.

            
	 	 
	 	
              By:

            	 
	 	

            	
              Name:

            
	 	

            	
              Title:

            

      

      

      	 	
              MERCADOLIBRE, S.  DE R.L.  DE C.V.

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            

      

      

      	 	
              MERCADOLIBRE CHILE LTDA.

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            

      

      

      	 	
              MERCADOLIBRE COLOMBIA LTDA.

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            

      

      

      	 	
              THE BANK OF NEW YORK MELLON,

                As Trustee, Registrar, Paying Agent and

                Transfer Agent

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            

      

      

      
        Signature Page to Base Indenture

      

       

      

      65Exhibit 4.1

    

   
   

    

   
  
    
    FORIAN Inc.

       

        2020 EQUITY INCENTIVE PLAN

    The purpose of the Forian Inc. 2020 Equity Incentive Plan is to provide (i) designated employees of Forian Inc. (the “Company”)
      and its parents and subsidiaries, (ii) certain consultants and advisors who perform services for the Company or its parents or subsidiaries and (iii) non-employee members of the Board of Directors of the Company (the “Board”) with the opportunity to
      receive grants of incentive stock options, nonqualified stock options, stock awards, stock units, stock appreciation rights and other equity-based awards. The Company believes that this Plan will encourage the participants to contribute materially to
      the growth of the Company, thereby benefitting the Company’s stockholders, and will align the economic interests of the participants with those of the stockholders.

    1.                   Administration and Delegation.

    (a)                Committee. This Plan shall be administered by a committee consisting of members of the Board, which may consist of “non-employee directors” as defined under Rule 16b-3 under the
        Securities Exchange Act of 1934, as amended (the “Exchange Act”) and, when applicable, by “independent directors” as defined by the rules of any national securities exchange (the “Exchange”) upon which shares of the Company’s capital stock shall be
        listed. However, the Board may ratify or approve any grants as it deems appropriate, and the Board shall approve and administer all grants made to non-employee directors. The committee may delegate authority to one or more subcommittees as it deems
        appropriate. To the extent that a committee or subcommittee administers this Plan, references in this Plan to the “Board” shall be deemed to refer to the committee or subcommittee.

    (b)               Board Authority. The Board shall have the sole authority to (i) determine the individuals to whom grants shall be made under this Plan, (ii) determine the type, size and terms of the
        grants to be made to each such individual, (iii) determine the time when the grants will be made and the duration of any applicable exercise or restriction period, including the criteria for exercisability and the acceleration of exercisability,
        (iv) amend the terms of any previously issued grant, and (v) deal with any other matters arising under this Plan.

    (c)                Board Determinations. The Board shall have full power and authority to administer and interpret this Plan, to make factual determinations and to adopt or amend such rules,
        regulations, agreements and instruments for implementing this Plan and for the conduct of its business as it deems necessary or advisable, in its sole discretion. The Board’s interpretations of this Plan and all determinations made by the Board
        pursuant to the powers vested in it hereunder shall be conclusive and binding on all persons having any interest in this Plan or in any awards granted hereunder. All powers of the Board shall be executed in its sole discretion, in the best interest
        of the Company, not as a fiduciary, and in keeping with the objectives of this Plan and need not be uniform as to similarly situated individuals.

    (d)               Delegation to Officers. To the extent permitted by applicable law, the Board may delegate to one or more officers of the Company the power to grant Options and other Grants that
        constitute rights under Delaware law (subject to any limitations under this Plan) to employees or officers of the Company or any of its present or future subsidiary corporations and to exercise such other powers under this Plan as the Board may
        determine, provided that the Board shall fix the terms of such Grants to be granted by such officers (including the exercise price of such Grants, which may include a formula by which the exercise price will be determined) and the maximum number of
        shares subject to such Grants that the officers may grant; provided further, however, that no officer shall be authorized to grant such Grants to any “executive officer” of the Company (as defined by Rule 3b-7 under the Exchange Act) or to any
        “officer” of the Company (as defined by Rule 16a-1 under the Exchange Act). Notwithstanding anything to the contrary set forth above, the Board may not delegate authority under this Section 1(d) to grant Stock Awards, unless Delaware law then
        permits such delegation.

    
      
        

    

    
    2.                   Grants. Awards under this Plan may consist of grants of incentive stock options as described in Section 5 (“Incentive Stock Options”), nonqualified stock options as
        described in Section 5 (“Nonqualified Stock Options”) (Incentive Stock Options and Nonqualified Stock Options are collectively referred to as “Options”), stock awards as described in Section 6 (“Stock Awards”), stock units as described in Section 7
        (“Stock Units”), stock appreciation rights as described in Section 8 (“SARs”), and other equity-based awards as described in Section 9 (“Other Equity Awards”), the foregoing sometimes referred to herein collectively as “Grants” and individually as
        a “Grant.” All Grants shall be subject to the terms and conditions set forth herein and to such other terms and conditions consistent with this Plan as the Board deems appropriate and as are specified in writing by the Board to the individual in a
        grant instrument or an amendment to the grant instrument (the “Grant Instrument”). All Grants shall be made conditional upon the acknowledgement of the Grantee (as defined in Section 4(b)), in writing or by acceptance of the Grant, that all
        decisions and determinations of the Board shall be final and binding on the Grantee, his or her beneficiaries and any other person having or claiming an interest under such Grant. Grants under a particular Section of this Plan need not be uniform
        as among the grantees.

    3.                   Shares Subject to This Plan.

    (a)                Shares Authorized. Subject to adjustment as described below, the aggregate number of shares of common stock of the Company (“Company Stock”) that may be issued pursuant to Grants
        under this Plan is [1,700,000] shares, each of which may be issued under this Plan as an Incentive Stock Option. 

    (b)               Individual Limits. The maximum aggregate number of shares of Company Stock that shall be subject to Grants made under this Plan to any individual, including but not limited to any
        non-employee director, during any calendar year shall be [500,000] shares. 

    (c)                Share Counting. If and to the extent Options or SARs granted under this Plan terminate, expire, or are canceled, forfeited, exchanged or surrendered without having been exercised or
        if any Stock Awards, Stock Units or Other Equity Awards are forfeited, the shares subject to such Grants shall again be available for purposes of this Plan.

    (d)               Adjustments. If there is any change in the number or kind of shares of Company Stock outstanding (i) by reason of a stock dividend, spinoff, recapitalization, stock split, or
        combination or exchange of shares, (ii) by reason of a merger, reorganization or consolidation, (iii) by reason of a reclassification or change in par value, or (iv) by reason of any other extraordinary or unusual event affecting the outstanding
        Company Stock as a class without the Company’s receipt of consideration, or if the value of outstanding shares of Company Stock is substantially reduced as a result of a spinoff or the Company’s payment of an extraordinary dividend or distribution,
        the maximum number of shares of Company Stock available for issuance under this Plan, the maximum number of shares of Company Stock for which any individual may receive Grants in any year, the kind and number of shares covered by outstanding
        Grants, the kind and number of shares issued and to be issued under this Plan, and the price per share or the applicable market value of such Grants shall be equitably adjusted by the Board to reflect any increase or decrease in the number of, or
        change in the kind or value of, issued shares of Company Stock to preclude, to the extent practicable, the enlargement or dilution of rights and benefits under such Grants; provided, however, that any fractional shares resulting from such
        adjustment shall be eliminated. In addition, in the event of a Change of Control of the Company (as defined in Section 12(a)), the provisions of Section 13 of this Plan shall apply. Any adjustment to outstanding Grants shall be consistent with
        section 409A and section 424 of the Internal Revenue Code of 1986, as amended, (the “Code”), to the extent applicable. Any adjustments determined by the Board shall be final, binding and conclusive.

    
      2

      
        

    

    4.                   Eligibility for Participation.

    (a)                Eligible Persons. All employees of the Company and its parents or subsidiaries (“Employees”), including Employees who are officers or members of the Board, and members of the Board
        who are not Employees (“Non-Employee Directors”) shall be eligible to participate in this Plan. Consultants and advisors, as such terms are defined and interpreted for purposes of Form S-8 under the Securities Act of 1933, as amended (the
        “Securities Act”) (or any successor form or rule) who perform services for the Company or any of its parents or subsidiaries (“Key Advisors”) shall be eligible to participate in this Plan.

    (b)               Selection of Grantees. The Board shall select the Employees, Non-Employee Directors and Key Advisors to receive Grants and shall determine the number of shares of Company Stock
        subject to a particular Grant in such manner as the Board determines. Employees, Key Advisors and Non-Employee Directors who receive Grants under this Plan shall hereinafter be referred to as “Grantees.”

    5.                   Options. The Board may grant Options to Employees, Non-Employee Directors, and Key Advisors upon such terms as the Board deems appropriate. The following provisions
        are applicable to Options:

    (a)                Number of Shares. The Board shall determine the number of shares of Company Stock that will be subject to each Grant of Options to Employees, Non-Employee Directors and Key
        Advisors.

    (b)               Type of Option and Price.

    (i)                 The Board may grant Incentive Stock Options that are intended to qualify as “incentive stock
        options” within the meaning of section 422 of the Code or Nonqualified Stock Options that are not intended so to qualify or any combination of Incentive Stock Options and Nonqualified Stock Options, all in accordance with the terms and conditions
        set forth herein. Incentive Stock Options may be granted only to employees of the Company or its parents or subsidiaries, as defined in section 424 of the Code. Nonqualified Stock Options may be granted to Employees, Non-Employee Directors and Key
        Advisors.

    (ii)               The purchase price (the “Exercise Price”) of Company Stock subject to an Option shall be
        determined by the Board and shall be equal to or greater than the Fair Market Value (as defined below) of a share of Company Stock on the date the Option is granted; provided, however, that an Incentive Stock Option may not be granted to an
        Employee who, at the time of grant, owns stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or any parent or subsidiary of the Company, unless the Exercise Price per share is not less than 110%
        of the Fair Market Value of Company Stock on the date of grant.

    (iii)             If the Company Stock is publicly traded, then the Fair Market Value per share shall be determined
        as follows: (x) if the principal trading market for the Company Stock is an Exchange, the last reported sale price thereof on the relevant date or (if there were no trades on that date) the latest preceding date upon which a sale was reported, or
        (y) if the Company Stock is not principally traded on an Exchange, the mean between the last reported “bid” and “asked” prices of Company Stock on the relevant date, as reported on the Exchange or, if not so reported, as reported by the
        over-the-counter quotation system on which the Company Stock is then quoted or as reported in a customary financial reporting service, as applicable and as the Board determines. If the Company Stock is not publicly traded or, if publicly traded, is
        not subject to reported transactions or “bid” or “asked” quotations as set forth above, the Fair Market Value per share shall be as determined by the Board.

    
      3

      
        

    

    (c)                Option Term. The Board shall determine the term of each Option. The term of any Option shall not exceed ten years from the date of grant. However, an Incentive Stock Option that is
        granted to an Employee who, at the time of grant, owns stock possessing more than 10% of the total combined voting power of all classes of stock of the Company, or any parent or subsidiary of the Company, may not have a term that exceeds five years
        from the date of grant.

    (d)               Exercisability of Options.

    (i)                 Options shall become exercisable in accordance with such terms and conditions, consistent with
        this Plan, as may be determined by the Board and specified in the Grant Instrument. The Board may accelerate the exercisability of any or all outstanding Options at any time for any reason.

    (ii)               The Board may provide in a Grant Instrument that the Grantee may elect to exercise part or all of
        an Option before it otherwise has become exercisable. Any shares so purchased shall be restricted shares and shall be subject to a repurchase right in favor of the Company during a specified restriction period, with the repurchase price equal to
        the lesser of (i) the Exercise Price or (ii) the Fair Market Value of such shares at the time of repurchase, or such other restrictions as the Board deems appropriate.

    (e)                Grants to Non-Exempt Employees. Notwithstanding the foregoing, unless expressly approved by the Board, Options granted to persons who are non-exempt employees under the Fair Labor
        Standards Act of 1938, as amended, (the “FLSA”) may not be exercisable for at least six months after the date of grant (except that such Options may become exercisable, as determined by the Board, upon the Grantee’s death, Disability (as defined in
        Section 5(f)(v)(C)) or Retirement (as defined in Section 5(f)(v)(E)), or upon a Change of Control or other circumstances permitted by applicable regulations).

    (f)                 Termination of Employment, Disability or Death.

    (i)                 Except as provided below, an Option may be exercised only while the Grantee is employed by, or
        providing service to, the Employer (as defined in Section 5(f)(v)(A)) as an Employee, Key Advisor or member of the Board. In the event that a Grantee ceases to be employed by, or provide service to, the Employer for any reason other than
        Disability, death, Retirement or termination for Cause (as defined in Section 5(f)(v)(D)), except as otherwise provided by the Board, any Option that is otherwise exercisable by the Grantee shall terminate unless exercised within three months after
        the date on which the Grantee ceases to be employed by, or provide service to, the Employer (or within such other period of time as may be specified by the Board), but in any event no later than the date of expiration of the Option term. Except as
        otherwise provided by the Board, any of the Grantee’s Options that are not otherwise exercisable as of the date on which the Grantee ceases to be employed by, or provide service to, the Employer shall terminate as of such date.

    (ii)               In the event the Grantee ceases to be employed by, or provide service to, the Employer on account
        of a termination for Cause by the Employer, any Option held by the Grantee shall terminate as of the date the Grantee ceases to be employed by, or provide service to, the Employer. In addition, notwithstanding any other provisions of this Section
        5, if the Board determines that the Grantee has engaged in conduct that constitutes Cause at any time while the Grantee is employed by, or providing service to, the Employer or after the Grantee’s termination of employment or service, any Option
        held by the Grantee shall immediately terminate, and the Grantee shall automatically forfeit all shares underlying any exercised portion of an Option for which the Company has not yet delivered the share certificates, upon refund by the Company of
        the Exercise Price paid by the Grantee for such shares. Upon any exercise of an Option, the Company may withhold delivery of share certificates pending resolution of an inquiry that could lead to a finding resulting in a forfeiture.

    
      4

      
        

    

    (iii)             In the event the Grantee ceases to be employed by, or provide service to, the Employer because of
        the Grantee’s Disability, any Option that is otherwise exercisable by the Grantee shall terminate unless exercised within one year after the date on which the Grantee ceases to be employed by, or provide service to, the Employer (or within such
        other period of time as may be specified by the Board), but in any event no later than the date of expiration of the Option term. Except as otherwise provided by the Board, any of the Grantee’s Options that are not otherwise exercisable as of the
        date on which the Grantee ceases to be employed by, or provide service to, the Employer shall terminate as of such date.

    (iv)              If the Grantee dies while employed by, or providing service to, the Employer or within three
        months after the date on which the Grantee ceases to be employed or provide service on account of a termination specified in Section 5(f)(i) above (or within such other period of time as may be specified by the Board), any Option that is otherwise
        exercisable by the Grantee shall terminate unless exercised within one year after the date on which the Grantee ceases to be employed by, or provide service to, the Employer (or within such other period of time as may be specified by the Board),
        but in any event no later than the date of expiration of the Option term. Except as otherwise provided by the Board, any of the Grantee’s Options that are not otherwise exercisable as of the date on which the Grantee ceases to be employed by, or
        provide service to, the Employer shall terminate as of such date.

    (v)                For purposes of this Section 5(f) and Section 6:

    (A)             The term “Employer” shall include the Company and its parent and subsidiary corporations, as determined
      by the Board.

    (B)              “Employed by, or provide service to, the Employer” shall mean employment or service as an Employee, Key
      Advisor or member of the Board (so that, for purposes of exercising Options and satisfying conditions with respect to other Grants, a Grantee shall not be considered to have terminated employment or service until the Grantee ceases to be an Employee,
      Key Advisor or member of the Board), unless the Board determines otherwise.

    (C)              “Disability” shall mean a Grantee’s becoming disabled within the meaning of section 22(e)(3) of the
      Code, within the meaning of the Employer’s long-term disability plan applicable to the Grantee, or as otherwise determined by the Board.

    (D)             “Cause” shall mean, except to the extent specified otherwise by the Board, a finding by the Board that
      the Grantee (i) has breached his or her employment or service contract with the Employer in any material respect, (ii) has engaged in disloyalty to the Company, including, without limitation, fraud, embezzlement, theft, commission of a felony or
      proven dishonesty, (iii) has disclosed trade secrets or confidential information of the Employer to persons not entitled to receive such information, (iv) has breached any written noncompetition or nonsolicitation agreement between the Grantee and
      the Employer or (v) has engaged in such other behavior detrimental to the interests of the Employer as the Board determines.

    (g)                Exercise of Options. A Grantee may exercise an Option that has become exercisable, in whole or in part, by delivering a notice of exercise to the Company. The Grantee shall pay the
        Exercise Price for an Option as specified by the Board (w) in cash, (x) with the approval of the Board, by delivering shares of Company Stock owned by the Grantee (including Company Stock acquired in connection with the exercise of an Option,
        subject to such restrictions as the Board deems appropriate) and having a Fair Market Value on the date of exercise equal to the Exercise Price or by attestation (on a form prescribed by the Board) to ownership of shares of Company Stock having a
        Fair Market Value on the date of exercise equal to the Exercise Price, (y) payment through a broker in accordance with procedures permitted by applicable regulations of the Board of Governors of the Federal Reserve System, or (z) by such other
        method as the Board may approve. Shares of Company Stock used to exercise an Option shall have been held by the Grantee for the requisite period of time to avoid adverse accounting consequences to the Company with respect to the Option. The Grantee
        shall pay the Exercise Price and the amount of any withholding tax due (pursuant to Section 10) at the time of exercise.

    
      5

      
        

    

    (h)               Limits on Incentive Stock Options. Each Incentive Stock Option shall provide that, if the aggregate Fair Market Value of the stock on the date of the grant with respect to which
        Incentive Stock Options are exercisable for the first time by a Grantee during any calendar year, under this Plan or any other stock option plan of the Company or a parent or subsidiary, exceeds $100,000, then the Option, as to the excess, shall be
        treated as a Nonqualified Stock Option. An Incentive Stock Option shall not be granted to any person who is not an Employee of the Company or a parent or subsidiary (within the meaning of section 424(f) of the Code) of the Company.

    (i)                 Limitation on Repricing. If the Company Stock is listed on an Exchange, unless such action is approved by the Company’s stockholders, the Company may not (except as provided for
        under Section 3(d)): (A) amend any outstanding Option granted under this Plan to provide an exercise price per share that is lower than the then-current exercise price per share of such outstanding Option, (B) cancel any outstanding Option (whether
        or not granted under the Plan) and grant in substitution therefor new Grants under this Plan (other than adjustments made pursuant to Section 3(d)) covering the same or a different number of shares of Company Stock and having an exercise price per
        share lower than the then-current exercise price per share of the cancelled option, (C) cancel in exchange for a cash payment any outstanding Option with an exercise price per share above the then-current Fair Market Value, other than pursuant to
        Section 3(d), or (D) take any other action under this Plan that constitutes a “repricing” within the meaning of the rules of the Exchange.

    6.                   Stock Awards. The Board may issue shares of Company Stock to an Employee, Non-Employee Director or Key Advisor under a Stock Award, upon such terms as the Board deems
        appropriate. The following provisions are applicable to Stock Awards:

    (a)                General Requirements. Shares of Company Stock issued or transferred pursuant to Stock Awards may be issued or transferred for cash consideration or for no cash consideration, and
        subject to restrictions or no restrictions, as determined by the Board. The Board may, but shall not be required to, establish conditions under which restrictions on Stock Awards shall lapse over a period of time or according to such other criteria
        as the Board deems appropriate, including without limitation restrictions based on the achievement of specific performance goals. The period of time during which the Stock Award will remain subject to restrictions will be designated in the Grant
        Instrument as the “Restriction Period.”

    (b)               Number of Shares. The Board shall determine the number of shares of Company Stock to be issued or transferred pursuant to a Stock Award and the restrictions applicable to such
        shares.

    (c)                Requirement of Employment or Service. Unless the Board determines otherwise, if the Grantee ceases to be employed by, or provide service to, the Employer (as defined in Section
        5(f)(v)(A)) during a period designated in the Grant Instrument as the Restriction Period, or if other specified conditions are not met, the Stock Award shall terminate as to all shares covered by the Grant as to which the restrictions have not
        lapsed, and those shares of Company Stock must be immediately returned to the Company. The Board may, however, provide for complete or partial exceptions to this requirement as it deems appropriate.

    
      6

      
        

    

    (d)               Restrictions on Transfer and Legend on Stock Certificate. During the Restriction Period, a Grantee may not sell, assign, transfer, pledge or otherwise dispose of the shares of the
        Stock Award except to a successor under Section 11(a). Each certificate representing a Stock Award shall contain a legend giving appropriate notice of the restrictions in the Grant. The Grantee shall be entitled to have the legend removed from the
        stock certificate covering the shares subject to restrictions when all restrictions on such shares have lapsed. The Board may determine that the Company will not issue a certificate for a Stock Award until all restrictions on such shares have
        lapsed, or that the Company will retain possession of certificates for Stock Awards until all restrictions on such shares have lapsed.

    (e)                Right to Vote and to Receive Dividends. Unless the Board determines otherwise, during the Restriction Period, the Grantee shall have the right to vote shares subject to Stock Awards
        and to receive any dividends or other distributions paid on such shares, subject to any restrictions deemed appropriate by the Board, including without limitation the achievement of specific performance goals.

    (f)                 Lapse of Restrictions. All restrictions imposed on Stock Awards shall lapse upon the expiration of the applicable Restriction Period and the satisfaction of all conditions imposed
        by the Board. The Board may determine, as to any or all Stock Awards, that the restrictions shall lapse without regard to any Restriction Period.

    7.                   Stock Units. The Board may grant Stock Units representing one or more shares of Company Stock to an Employee, Non-Employee Director or Key Advisor, upon such terms
        and conditions as the Board deems appropriate, provided, however, that all such grants shall comply with section 409A of the Code. The following provisions are applicable to Stock Units:

    (a)                Crediting of Units. Each Stock Unit shall represent the right of the Grantee to receive an amount based on the value of a share of Company Stock, if specified conditions are met.
        All Stock Units shall be credited to bookkeeping accounts established on the Company’s records for purposes of this Plan.

    (b)               Terms of Stock Units. The Board may grant Stock Units that are payable if specified performance goals or other conditions are met, or under other circumstances. Stock Units may be
        paid at the end of a specified performance period or other period, or payment may be deferred to a date authorized by the Board. The Board shall determine the number of Stock Units to be granted and the requirements applicable to such Stock Units.

    (c)                Requirement of Employment or Service. Unless the Board determines otherwise, if the Grantee ceases to be employed by, or provide service to, the Employer during a specified period,
        or if other conditions established by the Board are not met, the Grantee’s Stock Units shall be forfeited. The Board may, however, provide for complete or partial exceptions to this requirement as it deems appropriate.

    (d)               Payment with Respect to Stock Units. Payments with respect to Stock Units may be made in cash, in Company Stock, or in a combination of the two, as determined by the Board.

    
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    8.                   Stock Appreciation Rights. The Board may grant SARs to an Employee, Non-Employee Director or Key Advisor separately or in tandem with any Option. The following
        provisions are applicable to SARs:

    (a)                Base Amount. The Board shall establish the base amount of the SAR at the time the SAR is granted. The base amount of each SAR shall not be less than the Fair Market Value of a share
        of Company Stock on the date of Grant of the SAR.

    (b)               Tandem SARs. In the case of tandem SARs, the number of SARs granted to a Grantee that shall be exercisable during a specified period shall not exceed the number of shares of Company
        Stock that the Grantee may purchase upon the exercise of the related Option during such period. Upon the exercise of an Option, the SARs relating to the Company Stock covered by such Option shall terminate. Upon the exercise of SARs, the related
        Option shall terminate to the extent of an equal number of shares of Company Stock.

    (c)                Exercisability. An SAR shall be exercisable during the period specified by the Board in the Grant Instrument and shall be subject to such vesting and other restrictions as may be
        specified in the Grant Instrument. The Board may accelerate the exercisability of any or all outstanding SARs at any time for any reason. SARs may only be exercised while the Grantee is employed by, or providing service to, the Employer or during
        the applicable period after termination of employment or service as described in Section 5(f) above. A tandem SAR shall be exercisable only during the period when the Option to which it is related is also exercisable.

    (d)               Grants to Non-Exempt Employees. Notwithstanding the foregoing, SARs granted to persons who are non-exempt employees under the FLSA may not be exercisable for at least six months
        after the date of grant (except that such SARs may become exercisable, as determined by the Board, upon the Grantee’s death, Disability or retirement, or upon a Change of Control or other circumstances permitted by applicable regulations).

    (e)                Value of SARs. When a Grantee exercises SARs, the Grantee shall receive in settlement of such SARs an amount equal to the value of the stock appreciation for the number of SARs
        exercised. The stock appreciation for an SAR is the amount by which the Fair Market Value of the underlying Company Stock on the date of exercise of the SAR exceeds the base amount of the SAR as described in Section 8(a).

    (f)                 Form of Payment. The appreciation in an SAR shall be paid in shares of Company Stock, cash or any combination of the foregoing, as the Board shall determine. For purposes of
        calculating the number of shares of Company Stock to be received, shares of Company Stock shall be valued at their Fair Market Value on the date of exercise of the SAR.

    9.                   Other Equity Awards. The Board may grant Other Equity Awards, which are awards (other than those described in Sections 5, 6, 7 and 8 of this Plan) that are based on,
        measured by or payable in Company Stock, including, without limitation, stock appreciation rights, to any Employee, Non-Employee Director or Key Advisor, on such terms and conditions as the Board shall determine. Other Equity Awards may be awarded
        subject to the achievement of performance goals or other conditions and may be payable in cash, Company Stock or any combination of the foregoing, as the Board shall determine.

    10.               Withholding of Taxes.

    (a)                Required Withholding. All Grants under this Plan shall be subject to applicable federal (including FICA), state and local tax withholding requirements. The Employer may require that
        the Grantee or other person receiving or exercising Grants pay to the Employer the amount of any federal, state or local taxes that the Employer is required to withhold with respect to such Grants, or the Employer may deduct from other wages paid
        by the Employer the amount of any withholding taxes due with respect to such Grants.

    
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    (b)               Election to Withhold Shares. If the Board so permits, a Grantee may elect to satisfy the Employer’s income tax withholding obligation with respect to Grants paid in Company Stock by
        having shares withheld up to an amount that does not exceed the Grantee’s minimum applicable withholding tax rate for federal (including FICA), state and local tax liabilities. The election must be in a form and manner prescribed by the Board and
        may be subject to the prior approval of the Board.

    11.               Transferability of Grants.

    (a)                Nontransferability of Grants. Except as provided below, only the Grantee may exercise rights under a Grant during the Grantee’s lifetime. A Grantee may not transfer those rights
        except (i) by will or by the laws of descent and distribution or (ii) with respect to Grants other than Incentive Stock Options, if permitted in any specific case by the Board, pursuant to a domestic relations order or otherwise as permitted by the
        Board. When a Grantee dies, the personal representative or other person entitled to succeed to the rights of the Grantee may exercise such rights. Any such successor must furnish proof satisfactory to the Company of his or her right to receive the
        Grant under the Grantee’s will or under the applicable laws of descent and distribution.

    (b)               Transfer of Nonqualified Stock Options. Notwithstanding the foregoing, the Board may provide, in a Grant Instrument, that a Grantee may transfer Nonqualified Stock Options to family
        members, or one or more trusts or other entities for the benefit of or owned by family members, consistent with applicable securities laws, according to such terms as the Board may determine; provided that the Grantee receives no consideration for
        the transfer of an Option and the transferred Option shall continue to be subject to the same terms and conditions as were applicable to the Option immediately before the transfer.

    12.               Change of Control of the Company.

    (a)                Change of Control. As used herein, a “Change of Control” shall be deemed to have occurred if:

    (i)                 Any “person,” as such term is used in sections 13(d) and 14(d) of the Exchange Act becomes a
        “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing more than 50% of the voting power of the then outstanding securities of the Company; provided that a Change of
        Control shall not be deemed to occur as a result of (A) a transaction in which the Company becomes a subsidiary of another corporation and in which the stockholders of the Company, immediately prior to the transaction, will beneficially own,
        immediately after the transaction, shares entitling such stockholders to more than 50% of all votes to which all stockholders of the parent corporation would be entitled in the election of directors, or (B) the acquisition of securities of the
        Company by an investor of the Company in a capital-raising transaction; or

    (ii)               The consummation of (A) a merger or consolidation of the Company with another corporation where
        the stockholders of the Company, immediately prior to the merger or consolidation, will not beneficially own, immediately after the merger or consolidation, shares entitling such stockholders to more than 50% of all votes to which all stockholders
        of the surviving corporation would be entitled in the election of directors, (B) a sale or other disposition of all or substantially all of the assets of the Company, or (C) a liquidation or dissolution of the Company.

    (b)               Other Definition. The Board may modify the definition of Change of Control for a particular Grant as the Board deems appropriate to comply with section 409A of the Code or otherwise.

    
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    13.               Consequences of a Change of Control.

    (a)                Acceleration. In the event of a Change of Control, the Board may determine whether and to what extent (i) outstanding Options and SARs shall accelerate and become exercisable, and
        (ii) outstanding Stock Awards, Stock Units and Other Equity Awards shall vest and shall be payable. The Board may condition any such acceleration on such terms as the Board determines. 

    (b)               Other Alternatives. In the event of a Change of Control, the Board may take any of the following actions with respect to any or all outstanding Grants: the Board may (i) determine
        that all outstanding Options and SARs that are not exercised shall be assumed by, or replaced with comparable options by the surviving corporation (or a parent or subsidiary of the surviving corporation), and other outstanding Grants that remain in
        effect after the Change of Control shall be converted to similar grants of the surviving corporation (or a parent or subsidiary of the surviving corporation), (ii) require that Grantees surrender their outstanding Options and SARs in exchange for
        one or more payments, in cash or Company Stock as determined by the Board, in an amount, if any, equal to the amount by which the then Fair Market Value of the shares of Company Stock subject to the Grantee’s unexercised Options and SARs exceeds
        the Exercise Price or base amount of the Options and SARs, on such terms as the Board determines, or (iii) after giving Grantees an opportunity to exercise their outstanding Options and SARs, terminate any or all unexercised Options and SARs at
        such time as the Board deems appropriate. Such assumption, surrender or termination shall take place as of the date of the Change of Control or such other date as the Board may specify.

    14.               Limitations on Issuance or Transfer of Shares.

    (a)                Stockholders Agreement/Voting Agreement. The Board may require that a Grantee execute a stockholders agreement and/or a voting agreement, in each case, with such terms as the Board
        deems appropriate, with respect to any Company Stock issued or transferred pursuant to this Plan. If such stockholders agreement or voting agreement contains any lock-up or market standoff provisions that differ from the provisions of Section 14(c)
        of this Plan, for as long as the provisions of such agreement are in effect, the provisions of Section 14(c) shall not apply to such Company Stock, unless the Board determines otherwise.

    (b)               Limitations on Issuance or Transfer of Shares. No Company Stock shall be issued or transferred in connection with any Grant hereunder unless and until all legal requirements
        applicable to the issuance or transfer of such Company Stock have been complied with to the satisfaction of the Board. The Board shall have the right to condition any Grant made to any Grantee hereunder on such Grantee’s undertaking in writing to
        comply with such restrictions on his or her subsequent disposition of such shares of Company Stock as the Board shall deem necessary or advisable, and certificates representing such shares may be legended to reflect any such restrictions.
        Certificates representing shares of Company Stock issued or transferred under this Plan will be subject to such stop-transfer orders and other restrictions as may be required by applicable laws, regulations and interpretations, including any
        requirement that a legend be placed thereon.

    (c)                Lock-Up Period. If so requested by the Company or any representative of the underwriters (the “Managing Underwriter”) in connection with any underwritten offering of securities of
        the Company under the Securities Act, and subject to Section 14(a) of this Plan, a Grantee (including any successor or assigns) shall not sell or otherwise transfer any shares or other securities of the Company during the 30-day period preceding
        and the 180-day period following the effective date of a registration statement of the Company filed under the Securities Act for such underwriting (or such shorter period as may be requested by the Managing Underwriter and agreed to by the
        Company) (the “Market Standoff Period”). If so requested by the Company or the Managing Underwriter, the Grantee shall enter into a separate written agreement to such effect in form and substance requested by the Company or the Managing
        Underwriter. The Company may impose stop-transfer instructions with respect to securities subject to the foregoing restrictions until the end of such Market Standoff Period.

    
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    15.               Amendment and Termination.

    (a)                Amendment of This Plan. The Board may amend, suspend or terminate this Plan or any portion thereof at any time provided that if shares of the Company’s capital stock are listed on
        the Exchange, no amendment that would require stockholder approval under the rules of the Exchange may be made effective unless and until the Company’s stockholders approve such amendment. In addition, if at any time the approval of the Company’s
        stockholders is required as to any other modification or amendment under section 422 of the Code or any successor provision with respect to Incentive Stock Options, the Board may not effect such modification or amendment without such approval.
        Unless otherwise specified in the amendment, any amendment to this Plan adopted in accordance with this Section 15(a) shall apply to, and be binding on the holders of, all Grants outstanding under this Plan at the time the amendment is adopted,
        provided the Board determines that such amendment, taking into account any related action, does not materially and adversely affect the rights of Grantees under this Plan. No Grant shall be made that is conditioned upon stockholder approval of any
        amendment to this Plan unless the Grant provides that (i) it will terminate or be forfeited if stockholder approval of such amendment is not obtained within no more than 12 months from the date of grant and (ii) it may not be exercised or settled
        (or otherwise result in the issuance of Company Stock) prior to such stockholder approval.

    (b)               Termination of This Plan. This Plan shall terminate on the day immediately preceding the tenth anniversary of its effective date, unless this Plan is terminated earlier by the Board
        or is extended by the Board with the approval of the stockholders.

    (c)                Termination and Amendment of Outstanding Grants. The Board may amend, modify or terminate any outstanding Grant, including but not limited to substituting therefor another Grant of
        the same or a different type, changing the date of exercise or realization, and/or converting an Incentive Stock Option into a Nonqualified Stock Option. A termination or amendment of this Plan that occurs after a Grant is made shall not materially
        impair the rights of a Grantee unless the Grantee consents or unless the Board acts under Section 21(b). The termination of this Plan shall not impair the power and authority of the Board with respect to an outstanding Grant. The Board may at any
        time provide that any Grant shall become immediately exercisable in whole or in part, free of some or all restrictions or conditions, or otherwise realizable in whole or in part, as the case may be.

    (d)               Governing Document. This Plan shall be the controlling document. No other statements, representations, explanatory materials or examples, oral or written, may amend this Plan in any
        manner. This Plan shall be binding upon and enforceable against the Company and its successors and assigns.

    16.               Funding of This Plan. This Plan shall be unfunded. The Company shall not be required to establish any special or separate fund or to make any other segregation of assets
        to assure the payment of any Grants under this Plan.

    17.               Rights of Participants. Nothing in this Plan shall entitle any Employee, Key Advisor, Non-Employee Director or other person to any claim or right to be granted a Grant
        under this Plan. Neither this Plan nor any action taken hereunder shall be construed as giving any individual any rights to be retained by or in the employ of the Employer or any other employment rights.

    
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    18.               No Fractional Shares. No fractional shares of Company Stock shall be issued or delivered pursuant to this Plan or any Grant. The Board shall determine whether cash, other
        awards or other property shall be issued or paid in lieu of such fractional shares or whether such fractional shares or any rights thereto shall be forfeited or otherwise eliminated.

    19.               Headings. Section headings are for reference only. In the event of a conflict between a title and the content of a Section, the content of the Section shall control.

    20.               Effective Date of This Plan. This Plan shall be effective on the date on which this Plan is approved by the Company’s stockholders.

    21.               Miscellaneous.

    (a)                Grants in Connection with Corporate Transactions and Otherwise. Nothing contained in this Plan shall be construed to (i) limit the right of the Board to make Grants under this Plan
        in connection with the acquisition, by purchase, lease, merger, consolidation or otherwise, of the business or assets of any corporation, firm or association, including Grants to employees thereof who become Employees, or for other proper corporate
        purposes, or (ii) limit the right of the Company to grant stock options or make other awards outside of this Plan. Without limiting the foregoing, the Board may make a Grant to an employee, director or advisor of another corporation who becomes an
        Employee, Non-Employee Director or Key Advisor by reason of a corporate merger, consolidation, acquisition of stock or property, reorganization or liquidation involving the Company, the Parent or any of their subsidiaries in substitution for a
        stock option or stock award grant made by such corporation. The terms and conditions of the substitute grants may vary from the terms and conditions required by this Plan and from those of the substituted stock incentives. The Board shall prescribe
        the provisions of the substitute grants.

    (b)               Compliance with Law. This Plan, the exercise of Options and the obligations of the Company to issue shares of Company Stock under Grants shall be subject to all applicable laws and
        to approvals by any governmental or regulatory agency as may be required. With respect to persons subject to section 16 of the Exchange Act, it is the intent of the Company that this Plan and all transactions under this Plan comply with all
        applicable provisions of Rule 16b-3 or its successors under the Exchange Act. It is the intent of the Company that this Plan and applicable Grants under this Plan comply with the applicable provisions of section 422 of the Code and that, to the
        extent applicable, Grants made under this Plan comply with the requirements of section 409A of the Code and the regulations thereunder. To the extent that any legal requirement set forth in this Plan ceases to be required under applicable law, the
        Board may determine that such Plan provision shall cease to apply. The Board may revoke any Grant if it is contrary to law or modify a Grant or this Plan to bring the Grant or this Plan into compliance with any applicable law or regulation.

    (c)                Employees Subject to Taxation Outside the United States. With respect to Grantees who are subject to taxation in countries other than the United States, the Board may make Grants on
        such terms and conditions as the Board deems appropriate to comply with the laws of the applicable countries, and the Board may create such procedures, addenda and subplans and make such modifications as may be necessary or advisable to comply with
        such laws.

    (d)               Governing Law. The validity, construction, interpretation and effect of this Plan and Grant Instruments issued under this Plan shall be governed and construed by and determined in
        accordance with the laws of the State of Delaware, without giving effect to the conflict of laws provisions thereof.

     

  

   
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