Document:

Exhibit 10.1

 

 

FIRST AMENDMENT TO RESTRUCTURING
AGREEMENT

 

This FIRST AMENDMENT TO RESTRUCTURING AGREEMENT
(this “FIRST Amendment”) is dated as of March 31, 2017 among Inventergy Global, Inc., a Delaware corporation
(“Parent”), Inventergy, Inc. (“Owner”, and, collectively, the “Company”), DBD Credit
Funding, LLC as collateral agent (the “Collateral Agent”), and the “Investors” listed on the
signature pages hereto (the “Investors”), and amends that certain Restructuring Agreement between the Company,
the Collateral Agent and the Investors dated as of December 22, 2016 (the “Agreement”). Capitalized terms used
and not otherwise defined in this First Amendment shall have the meanings specified in the Agreement.

 

WHEREAS, all Required Approvals
other than those under the Panasonic PPA and the Huawei PRAA have been obtained, and

 

WHEREAS, the Company and the
Collateral Agent require additional time to complete the Required Approvals of Panasonic and Huawei.

 

NOW THEREFORE, in consideration
of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto
hereby agree as follows:

 

Section 1. Amendments. The Agreement shall be
amended as follows:

 

Section 2.5.2 of the Agreement shall be
amended and restated as follows: “Unless otherwise agreed by the Investors, the SPE Structure shall be in full force
and effect, and all such the Required Approvals and other consents referenced in Section 2.5.1 shall have been secured, no
later than April 30, 2017; provided, that if despite the Company’s having fully complied with Section 2.5.1, the
Company has failed to secure such Required Approvals and other consents by April 30, 2017, such failure shall constitute an
Event of Default, but shall not, in and of itself, constitute a Recourse Trigger.”

 

Section 2.9 of the Agreement shall be amended
and restated as follows:

 

“2.9. Existing Agreement.

 

2.9.1.   
Effective as of the Amendment Effective Date, Section 2.2.4.3 of the Existing Agreement is hereby amended and restated
as follows:

 

“2.2.4.3 Amortization. Commencing on the
earlier of (x) May 1, 2017 and (y) the Termination Date, the Company shall make monthly amortization payments on the Notes in an
amount, as of the date of such payment, equal to (x) the then outstanding principal amount divided by (y) the number of months
left until the Maturity Date. The amount of the monthly amortization payment shall be calculated by the Company, and provided to
the Collateral Agent for review,

 

     

     

    

 

initially prior to the first such payment and recalculated
following any optional or mandatory prepayment”.

 

2.9.2.   
Effective as of the Amendment Effective Date, Section 6.10 of the Existing Agreement is hereby amended and restated
as follows:

 

“6.10 Minimum Liquidity. The Company shall
maintain not less than (x) One Million Dollars ($1,000,000) in unrestricted cash and Cash Equivalents (“Liquidity”)
from the Closing Date through November 1, 2015, (y) Two Hundred Thousand Dollars ($200,000) in Liquidity from March 1, 2016 through
June 30, 2016, and (z) One Million Dollars ($1,000,000) in Liquidity from and after the earlier of (x) May 1, 2017 and (y) the
Termination Date, in each case not including amounts on deposit in the Cash Collateral Account except to the extent the Company
is entitled to such amounts and shall provide weekly certifications demonstrating the Company’s Liquidity. Commencing the
Termination Date, such certifications demonstrating the Company’s Liquidity shall be provided by 5:00 p.m. PST on each Friday
(or, if Friday is a bank holiday, on the immediately preceding day that is not a bank holiday), shall show Liquidity on that day
and shall be accompanied by evidence satisfactory to the Collateral Agent.”

 

Section 6.2.2 of the Agreement shall be amended
and restated as follows:

 

“The Company shall have obtained
all of the Required Approvals, including shareholder consent to the assignment of the Patents, other than the Required
Approvals under the Panasonic PPA and the Huawei PRAA on or before March 31, 2017, and shall have obtained the Required
Approvals under the Panasonic PPA and the Huawei PRAA on or before April 30, 2017.”

 

Section 6.2.3 of the Agreement shall be amended
and restated as follows:

 

“The Restructuring (including the contribution
of the Patents to the SPE Structure) shall have been consummated on or before April 30, 2017.”

 

The last paragraph of Section 6.2 of the Agreement
shall be amended to replace the phrase “March 31, 2017” with “April 30, 2017”.

 

Section 2. Effectiveness.

 

The effectiveness of this First Amendment is subject
to:

 

1.  
The receipt by the Collateral Agent of the following: (i) fully executed copies of this First Amendment and (ii) an officer’s
certificate from an Authorized Officer of the Company certifying that the representations and warranties of the Company contained
in this Agreement are true and correct as of the date hereof in all material respects, and that there exists no Default or Event
of Default, after giving effect to this First Amendment; and

  

     

     

    

 

2.  
The Company’s payment of all fees and expenses (including attorneys’ fees) to the extent invoiced on or before
the date hereof (including, without limitation, reasonable fees and disbursements of Ropes & Gray LLP) incurred by the Collateral
Agent in connection with the preparation, negotiation, execution and delivery of this First Amendment and expenses that have accrued
to date in connection with the consent and structuring process or otherwise owing under the Agreement; provided, that the Company
agrees to promptly pay any additional such amounts invoiced following the effectiveness of the First Amendment.

 

3.  
The receipt by the Collateral Agent of (i) evidence and certifications satisfactory to it that all shareholder approvals
and other corporate authorizations necessary or advisable for the Restructuring (including the contribution of the Patents to the
SPE Structure) shall have been obtained and shall remain in full force and effect and (ii) fully executed copies of all other Required
Approvals, other than the Required Approvals under the Panasonic PPA and the Huawei PRAA.

 

Section 3. Miscellaneous. Except as
specifically amended or waived above, the Agreement and the other Documents shall remain unchanged and in full force and
effect and are hereby ratified and confirmed. The execution, delivery and effectiveness of this First Amendment shall not
operate as a waiver of any right, power or remedy of the Collateral Agent or any Purchaser under the Agreement or any
Document, nor constitute a waiver of any provision of the Agreement or any Document, except as specifically provided by this
First Amendment. This First Amendment is a Document, and a part of the Agreement, for all purposes of the Agreement. This
First Amendment may be executed in any number of counterparts, and by different parties hereto on separate counterpart
signature pages, and all such counterparts taken together shall be deemed to constitute one and the same instrument. Delivery
of a counterpart signature page by facsimile transmission or by e-mail transmission of an Adobe portable document format file
(also known as a “PDF” file) shall be effective as delivery of a manually executed counterpart signature
page. Section headings used in this First Amendment are for reference only and shall not affect the construction of this
First Amendment.

 

     

     

    

 

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

 

	 	 	 
	 	Investors:	 
	 	 	 
	 	CF DB EZ LLC	 
	 	 	 
	 	 	 
	 	/s/ Constantine M. Dakolias	 
	 	By: Constantine M. Dakolias	 
	 	Title: President	 
	 	 	 
	 	Collateral Agent:	 
	 	 	 
	 	DBD Credit Funding LLC	 
	 	 	 
	 	 	 
	 	/s/ Constantine M. Dakolias	 
	 	By: Constantine M. Dakolias	 
	 	Title: President	 

 

     

     

    

 

	 	Company:	 
	 	 	 
	 	INVENTERGY GLOBAL, INC.	 
	 	 	 
	 	 	 
	 	/s/ Joseph W. Beyers	 
	 	By: Joseph W. Beyers	 
	 	Title: Chairman & CEO	
	 	 	 
	 	 	 
	 	INVENTERGY, INC.	 
	 	 	 
	 	 	 
	 	/s/ Joseph W. Beyers	 
	 	By: Joseph W. Beyers	 
	 	Title: Chairman & CEO	 
	 	 	 
	 	 	 
	 	EON COMMUNICATIONS SYSTEMS, INC.	 
	 	 	 
	 	 	 
	 	/s/ Joseph W. Beyers	 
	 	By: Joseph W. Beyers	 
	 	Title: Chairman & CEO	 
	 	 	 
	 	 	 
	 	INVENTERGY HOLDING, LLC	 
	 	 	 
	 	 	 
	 	/s/ Joseph W. Beyers	 
	 	By: Joseph W. Beyers	 
	 	Title: Chairman & CEO	 
	 	 	 
	 	 	 
	 	INVENTERGY INNOVATIONS, LLC	 
	 	 	 
	 	 	 
	 	/s/ Joseph W. Beyers	 
	 	By: Joseph W. Beyers	 
	 	Title: Chairman & CEO	 
	 	 	 
	 	 	 
	 	INVENTERGY IOT, LLC	 
	 	 	 
	 	 	 
	 	/s/ Joseph W. Beyers	 
	 	By: Joseph W. Beyers	 
	 	Title: Chairman & CEO	 

 

     

     

    

 

	 	INVENTERGY LBS, LLC	 
	 	 	 
	 	/s/ Joseph W. Beyers	 
	 	By: Joseph W. Beyers	 
	 	Title: Chairman & CEOEX-4.1

 Exhibit 4.1 

EXECUTION VERSION 
 THIRD
SUPPLEMENTAL INDENTURE 
 THIRD SUPPLEMENTAL INDENTURE, dated as of April 6, 2017 (this “Third Supplemental
Indenture”), between EATON VANCE CORP., a Maryland corporation (the “Company”), and WILMINGTON TRUST COMPANY, as trustee (the “Trustee”). 

W I T N E S S E T H: 

WHEREAS, on the date hereof, the Company wishes to issue $300,000,000 aggregate principal amount of 3.500% Notes due 2027 (the
“Notes”) pursuant to an Indenture between the Company and the Trustee, dated as of October 2, 2007 (the “Base Indenture,” as supplemented and amended by this Third Supplemental Indenture, the
“Indenture”); 
 WHEREAS, pursuant to Section 2.02 of the Base Indenture, the terms of the Notes may be established by
this Third Supplemental Indenture; 
 WHEREAS, pursuant to Section 9.01(12) of the Base Indenture, the Trustee and the Company are
authorized to enter into a supplemental indenture, without the consent of any Holder, to establish the form or terms of the Securities of any Series; and 

WHEREAS, this Third Supplemental Indenture has been duly authorized by all necessary corporate action on the part of the Company; 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 

The amendment set forth below shall become effective upon the execution and delivery of this Third Supplemental Indenture by the Company and
the Trustee. 
 ARTICLE I 

Relation to Indenture; Definitions 

Section 1.1 Definitions. All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Base
Indenture. For purposes of this Third Supplemental Indenture, except as otherwise expressly provided or unless the context otherwise requires, the following terms shall have the following meanings: 

“Below Investment Grade Rating Event” means the Notes are downgraded below Investment Grade by both Rating Agencies on any
date from the date of the public notice of an arrangement that results in a Change of Control until the end of the 60-day period following public notice of the occurrence of a Change of Control (which period
shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by either of the Rating Agencies); provided that a Below Investment Grade Rating Event otherwise arising by virtue of a
particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and, thus, shall not be deemed a Below Investment Grade Rating Event for purposes of the definition of Change of Control Repurchase
Event 

 
hereunder) if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm that the reduction was the result, in whole or
in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Below Investment Grade Rating
Event). 
 “Change of Control” means the occurrence of any of the following: 

 

	 	(1)	the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the Company’s
properties or assets and those of its subsidiaries, taken as a whole, to any “person” or “group” (as those terms are used in Sections 13(d) and 14(d) of the Exchange Act), other than the Company or one or more
of its Controlled Subsidiaries; 

  

	 	(2)	the adoption of a plan relating to the Company’s liquidation or dissolution; or 

  

	 	(3)	the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that (i) the Permitted Holders own less than 50% of the Company’s Voting Stock, measured
by voting power rather than number of shares, and (ii) any “person” or “group” (as those terms are used in Sections 13(d) and 14(d) of the Exchange Act), becomes the beneficial owner, directly or
indirectly, of more of the Company’s Voting Stock than the Permitted Holders, measured by voting power rather than number of shares; 

provided, however, that a transaction effected to create a holding company for the Company will not be deemed to involve a Change of Control if
(1) pursuant to such transaction the Company becomes a Controlled Subsidiary of such holding company and (2) the holders of the Voting Stock of such holding company immediately following such transaction are the same as the holders of the
Company’s Voting Stock immediately prior to such transaction. 
 “Change of Control Repurchase Event” means the
occurrence of a Change of Control and a Below Investment Grade Rating Event. 
 “Company Employees” means, at any time,
individuals then devoting substantially all of their business and professional time to the activities of the Company or any of the Company’s Subsidiaries or any such individuals who, within the 270 days prior thereto, have so devoted their
professional time and the estates and legal representatives of such individuals. 
 “Consolidated Net Worth” means, at a
particular date, all amounts that would be included under stockholders’ equity on a consolidated balance sheet of the Company and its Subsidiaries determined on a consolidated basis in accordance with U.S. generally accepted accounting
principles as in effect as at such date. 
 “Controlled Subsidiary” means any subsidiary of the Company (or a holding
company of the Company, as described in the proviso to the definition of “Change of Control”), 50% or more of the outstanding equity interests of which are owned by the Company (or any such holding company) and/or its direct or indirect
Subsidiaries and of which the Company (or any such 

  
 - 2 - 

 
holding company) possesses, directly or indirectly, the power to direct or cause the direction of the management or policies, whether through the ownership of voting equity interests, by
agreement or otherwise. 
 “Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any
successor rating categories of Moody’s) and BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) (or, in each case, if such Rating Agency ceases to rate the Notes
for reasons outside of the Company’s control, the equivalent investment grade credit rating from any Rating Agency selected by the Company as a replacement Rating Agency). 

“Moody’s” means Moody’s Investors Service Inc., or any successor to its rating agency business. 

“Permitted Holders” means (i) the Company, (ii) one or more of the Company’s Controlled Subsidiaries,
(iii) Company Employees, and (iv) a voting trust having a majority of its trustees who are Company Employees and a majority of holders of its trust certificates or holders of uncertificated interests in such voting trust who are Company
Employees. 
 “Permitted Liens” means: 

(a) Liens existing at the time an entity becomes a Subsidiary of the Company or is merged into the Company or into a Subsidiary of the
Company; 
 (b) statutory Liens, Liens granted to comply with regulatory requirements, Liens for taxes or assessments or governmental
charges or levies not yet due or delinquent or which can be paid without penalty or are being contested in good faith; 
 (c) Liens on any
Voting Stock or profit participating equity interests of any Subsidiary of the Company that is acquired after the date of issuance of the Notes to secure or provide for the payment of the purchase price or acquisition cost thereof; 

(d) Liens in favor of the Company or any Subsidiary; 

(e) Liens in existence on the date of issuance of the Notes; 

(f) Liens (not otherwise permitted under this definition) which secure obligations in an aggregate amount at any one time outstanding that do
not exceed 10% of the Consolidated Net Worth, measured at the time of the creation, incurrence or assumption of any such Lien and based upon the Consolidated Net Worth as at the end of the most recently completed fiscal quarter of the Company for
which financial statements are publicly available; and 
 (g) any extension, renewal, substitution, refinancing or replacement (or
successive extensions, renewals, substitutions or replacements), in whole or in part, of any Lien referred to in the foregoing clauses (a), (c) and (e) of this definition that is secured by the same collateral that originally secured the
Lien. 
 “Rating Agency” means: (1) each of Moody’s and S&P; and (2) if either of Moody’s or
S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of
Section 3(a)(62) under the Exchange Act selected by the Company as a replacement agency for Moody’s or S&P, or both, as the case may be. 

  
 - 3 - 

 “S&P” means S&P Global Ratings, a division of S&P Global, Inc., or
any successor to its rating agency business. 
 “Voting Stock” as applied to stock of any Person, means shares, interests,
participations or other equivalents in the equity interest (however designated) in such person having ordinary voting power for the election of a majority of the directors (or the equivalent) of such Person, other than shares, interests,
participations or other equivalents having such power only by reason of the occurrence of a contingency. 
 Section 1.2
Construction. All references in this Third Supplemental Indenture to Articles and Sections, unless otherwise specified, refer to the corresponding Articles and Sections of this Third Supplemental Indenture; and the term “herein,”
“hereof,” “hereunder” and any other word of similar import refers to this Third Supplemental Indenture. 
 ARTICLE II

 Terms of the Series of Securities 

Section 2.1 Terms of the Notes. 

(a) There is hereby established a new Series of Securities to be issued under the Indenture to be designated as the Company’s
“3.500% Notes due 2027.” The Notes shall be issued in registered form substantially in the form attached as Exhibit A hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are
required or permitted by the Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as the Company may deem appropriate or as may be required or appropriate to comply with any
laws or with any rules made pursuant thereto or with the rules of any securities exchange or automated quotation system on which the Notes may be listed or traded, or to conform to general usage, or as may, consistently with the Indenture, be
determined by the Officers executing such Notes, as evidenced by their execution thereof. The Notes shall be executed, authenticated and delivered in accordance with the provisions of, and shall in all respects be subject to, the terms, conditions
and covenants of the Base Indenture as supplemented and amended by this Third Supplemental Indenture (including the Form of Note attached as Exhibit A hereto, the terms of which are incorporated by reference herein and shall be deemed to
be a part of this Third Supplemental Indenture). 
 (b) The aggregate principal amount of the Notes which may be authenticated and delivered
pursuant hereto is unlimited. The Trustee shall initially authenticate and deliver Notes for original issue in an aggregate principal amount of $300,000,000 pursuant to Section 2.04 of the Base Indenture. The aggregate principal amount of the
Notes to be issued hereunder may be increased at any time hereafter and the Series may be reopened for issuances of additional Notes without the consent of any Holder. The Notes issued on the date hereof and any such additional Notes that may be
issued hereafter shall be part of the same Series of Securities for all purposes under the Indenture. 

  
 - 4 - 

 (c) The Stated Maturity of the Notes shall be April 6, 2027. 

(d) The rate or rates at which the Notes shall bear interest, the date or dates from which such interest shall accrue, the interest payment
dates on which any such interest shall be payable and the regular record date for any interest payable on any interest payment date, and the other terms, conditions and provisions of the Notes, in each case, shall be as set forth in the Form of Note
attached as Exhibit A hereto, the terms of which are incorporated by reference herein. 
 Section 2.2 Ranking. The Notes
are unsecured and unsubordinated obligations of the Company and rank equal in right of payment with all existing and future unsubordinated indebtedness of the Company. 

Section 2.3 Limitation on Liens. Solely with respect to the Notes, the Base Indenture is hereby amended by adding the following
new Section 4.08 to the Base Indenture: 
 “SECTION 4.08. Limitation on Liens. The Company shall not, and may not cause
or permit any Subsidiary to, create, assume, incur or guarantee any indebtedness for money borrowed that is secured by a pledge, mortgage or other Lien on any Voting Stock or profit participating equity interests of the Company’s Subsidiaries
or any entity that succeeds (whether by merger, consolidation, sale of assets or otherwise) to all or any substantial part of the business of the Company’s Subsidiaries, without providing that the Notes (together with, if the Company shall
so determine, any other indebtedness of, or guarantee by, the Company ranking equally with the Notes and existing as of the closing of the offering of the Notes or thereafter created) are secured equally and ratably with, or prior to, all other
indebtedness secured by such pledge, mortgage or other Lien on the Voting Stock or profit participating equity interests of the Company’s Subsidiaries; provided, however, that the foregoing restriction will not apply to Permitted
Liens.” 
 Section 2.4 Solely with respect to the Notes, the Base Indenture is hereby amended by deleting Section 5.01 and
replacing such Section with the following: 
 “Section 5.01 Merger, Consolidation or Sale of Assets. The Company shall not
merge or consolidate with or into any other Person (other than a merger of a wholly owned Subsidiary of the Company into the Company) or sell, transfer, lease, convey or otherwise dispose of all or substantially all of its Property in any one
transaction or series of related transactions unless: 
 (a) the Company shall be the surviving Person (the
“Surviving Person”) or the Surviving Person (if other than the Company) formed by such merger or consolidation or to which such sale, transfer, lease, conveyance or disposition is made shall be a corporation or limited liability
company organized and existing under the laws of the United States of America or any state or territory thereof; 
 (b) the
Surviving Person (if other than the Company) expressly assumes, by supplemental indenture in form satisfactory to the Trustee, executed and delivered to the Trustee by such Surviving Person, the due and punctual payment of the principal of, and

  
 - 5 - 

 
premium, if any, and interest on, the Notes and the due and punctual performance and observance of all the covenants and conditions of this Indenture to be performed by the Company; 

(c) immediately before and immediately after giving effect to such transaction or series of related transactions, no Default or
Event of Default shall have occurred and be continuing; and 
 (d) the Company shall deliver, or cause to be delivered, to
the Trustee, in form and substance reasonably satisfactory to the Trustee, an Officers’ Certificate and an Opinion of Counsel, each stating that such transaction and the supplemental indenture, if any, in respect thereto comply with this
Section 5.01 and that all conditions precedent herein provided for relating to such transaction have been complied with and an opinion of counsel stating that the supplemental indenture, if any, constitutes the legal, valid and binding
obligation of the Surviving Person. 
 For the purposes of this Section 5.01, the sale, transfer, lease, conveyance or
other disposition of all the Property of one or more Subsidiaries of the Company, which Property, if held by the Company instead of such Subsidiaries, would constitute all or substantially all the Property of the Company on a consolidated basis,
shall be deemed to be the transfer of all or substantially all the Property of the Company.” 
 Section 2.5 Change of
Control. If a Change of Control Repurchase Event occurs, unless the Company shall have exercised its right to redeem the Notes in full, the Company will make an offer to each Holder of Notes to repurchase all or any part (in minimum
denominations of $2,000 and integral multiples of $1,000 in excess thereof) of that Holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus any accrued and unpaid interest, if any,
on the Notes repurchased to, but not including, the date of purchase. Within 30 days following any Change of Control Repurchase Event or, at the Company’s option, prior to any Change of Control, but after the public announcement of the Change
of Control, the Company will mail a notice to each Holder (with a copy to the Trustee) describing the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and offering to repurchase Notes on the
payment date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed. The notice shall, if mailed prior to the date of consummation of the Change of Control, state that the
offer to purchase is conditioned on the Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice. The Company will comply with the requirements of Rule 14e-1
under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Securities as a result of a Change of Control Repurchase Event. 

To the extent that the provisions of any securities laws or regulations conflict with this Section 2.5, the Company will comply with the
applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section 2.5 by virtue of such conflict. 

  
 - 6 - 

 On the Change of Control Repurchase Event payment date, the Company will, to the extent lawful:

  

	 	(1)	accept for payment all Securities or portions of Securities properly tendered pursuant to its offer; 

  

	 	(2)	deposit with the Paying Agent an amount equal to the aggregate purchase price in respect of all Notes or portions of Securities properly tendered; and 

 

	 	(3)	deliver or cause to be delivered to the Trustee the Notes properly accepted, together with an Officers’ Certificate stating the aggregate principal amount of Notes being purchased by the Company. 

The Paying Agent will promptly mail to each Holder of Notes properly tendered the purchase price for the Notes, and the Trustee will promptly
authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Security equal in principal amount to any unpurchased portion of any Notes surrendered; provided that each new Security of this Series will be in a minimum
principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. 
 The Company will not be required to make an offer to
repurchase the Notes upon a Change of Control Repurchase Event if a third party makes an offer in the manner, at the time and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all
Securities properly tendered and not withdrawn under its offer. 
 Section 2.6 Events of Default. 

(a) Solely with respect to the Notes, Section 6.01 the Base Indenture is hereby amended by deleting the word “or” at the end of
clause (6)(D) of such Section, substituting the period at the end of clause (7)(C) of such Section for the phrase “; or”, and adding the following new clause (8): 

“default under any Debt for money borrowed by the Company or any Subsidiary of the Company that results in the acceleration of the
maturity of such Debt, or failure to pay any such Debt at maturity, in an aggregate amount greater than $50.0 million or its foreign currency equivalent at the time and such acceleration shall have not been rescinded or annulled, or Debt paid,
within 30 days after notice to the Company by the Trustee or Holders of 25% or more of the then outstanding Notes.” 
 (b) Solely with
respect to the Notes, Section 6.01 the Base Indenture is hereby amended by adding the following to the end of the second paragraph of Section 6.01(a) of the Base Indenture: “The Company will provide written notice to the Trustee of
its obligation to pay Additional Interest on or before the close of business on the date on which such Event of Default relating to a failure to comply with Section 4.02 of this Indenture or the failure to comply with Section 314(a)(1) of
the TIA, if applicable, first occurs, and such notice shall set forth the amount of Additional Interest to be paid by the Company on the applicable payment date. The Trustee shall not at any time be under any duty or responsibility to any Holder of
Notes to determine the Additional Interest, or with respect to the nature, extent or calculation of the amount of Additional Interest owed or with respect to the method employed in such calculation of the Additional Interest.” 

  
 - 7 - 

 Section 2.7 Global Securities. The Notes shall initially be issuable, in whole or in
part, in the form of one or more Global Securities. Such Global Securities (i) shall be deposited with, or on behalf of, the Depository Trust Company, New York, New York, which shall act as Depositary with respect to the Notes, (ii) shall
bear the legends applicable to Global Securities set forth in Section 2.15(c) of the Base Indenture, (iii) may be exchanged, in whole or in part, for Notes in definitive form upon the terms and subject to the conditions provided in
Section 2.15(b) of the Base Indenture, and (iv) shall otherwise be subject to the applicable provisions of the Indenture. 

Section 2.8 Rights of Trustee. Solely with respect to the Notes, Section 7.02 of the Base Indenture is amended to add the
following clauses (m) through (s): 
 “(m) The Trustee may consult with counsel of its selection and the advice of such counsel or
any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or suffered or omitted hereunder in good faith and in reliance thereon. 

(n) Any permissive right of the Trustee to take or refrain from taking actions enumerated in this Indenture shall not be construed as a duty.

 (o) The Trustee shall not be responsible or liable for any failure or delay in the performance of its obligations under this Indenture
arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; fire; flood; terrorism; wars and other military disturbances; sabotage; epidemics; riots;
interruptions; loss or malfunction of utilities, computer (hardware or software) or communication services; accidents; labor disputes; and acts of civil or military authorities and governmental action. 

(p) Notwithstanding anything contained herein to the contrary, neither the Trustee nor the Registrar shall be responsible for ascertaining
whether any transfer complies with the registration provisions of or exemptions from the Securities Act or, applicable state securities laws. 

(q) The Trustee shall not have any responsibility or liability for any aspect of the records relating to or payments made on account of
beneficial ownership interests of a Global Security or maintaining, supervising or reviewing any records relating to such beneficial ownership interests, and the Trustee shall not have any responsibility or liability for any actions taken or not
taken by the Depositary. 
 (r) Whenever this Indenture makes reference to the giving of notice (by mail or otherwise) to the Holders of the
Securities of a Series in relation to any event, such notice shall be sufficiently given when delivered to the Depositary for such Securities (or its designee) pursuant to the customary procedures of such Depositary. 

(s) The Trustee shall not be responsible for calculating any redemption price or verifying such calculations.” 

  
 - 8 - 

 ARTICLE III 

Miscellaneous 

Section 3.1 Effect of Third Supplemental Indenture. Upon the execution and delivery of this Third Supplemental Indenture by the
Company and the Trustee, the Base Indenture shall be supplemented in accordance herewith, and this Third Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of the outstanding Notes heretofore or hereafter
authenticated and delivered under the Indenture shall be bound thereby. 
 Section 3.2 Base Indenture Remains in Full Force and
Effect. To the extent not expressly amended or supplemented by this Third Supplemental Indenture, all provisions of the Base Indenture shall remain in full force and effect. 

If any provision of this Third Supplemental Indenture relating to the Notes is inconsistent with any provision of the Base Indenture, the
provision of this Third Supplemental Indenture shall control. 
 Section 3.3 Base Indenture and Third Supplemental Indenture
Construed Together. This Third Supplemental Indenture is an indenture supplemental to and in implementation of the Base Indenture, and the Base Indenture and this Third Supplemental Indenture shall henceforth be read and construed together. 

Section 3.4 Conflict with Trust Indenture Act. If any provision of this Third Supplemental Indenture limits, qualifies or
conflicts with any provision of the TIA that is required under the TIA to be part of and govern any provision of this Third Supplemental Indenture, the provision of the TIA shall control. If any provision of this Third Supplemental Indenture
modifies or excludes any provision of the TIA that may be so modified or excluded, the provision of the TIA shall be deemed to apply to the Indenture as so modified or to be excluded by this Third Supplemental Indenture, as the case may be. 

Section 3.5 Severability. If any court of competent jurisdiction shall determine that any provision in this Third Supplemental
Indenture 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 3.6 Headings. The Article and Section headings of this Third Supplemental Indenture have been inserted for convenience of
reference only, are not to be considered a part of this Third Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 

Section 3.7 Benefits of Third Supplemental Indenture. Except as otherwise set forth in the Base Indenture, nothing in this Third
Supplemental Indenture, express or implied, shall give to any Person, other than the parties hereto and thereto and their successors hereunder and thereunder, any benefit of any legal or equitable right, remedy or claim under the Indenture, this
Third Supplemental Indenture or the Notes. 

  
 - 9 - 

 Section 3.8 Successors. All agreements of the Company in this Third Supplemental
Indenture shall bind its successors and authorized assigns. All agreements of the Trustee in this Third Supplemental Indenture shall bind its successors and authorized assigns. 

Section 3.9 Trustee Not Responsible for Recitals. The recitals contained herein shall be taken as the statements of the Company
and the Trustee assumes no responsibility for their correctness. The Trustee makes no representation as to the validity or sufficiency of this Third Supplemental Indenture. 

Section 3.10 Certain Duties and Responsibilities of the Trustee. In entering into this Third Supplemental Indenture, the Trustee
shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein so provided. 

Section 3.11 Governing Law. This Third Supplemental Indenture shall be governed by, and construed in accordance with, the laws of
the State of New York but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction would be required thereby. 

Section 3.12 Submission of Jurisdiction; Venue. The Company hereby irrevocably and unconditionally submits, for itself and its
property, to the nonexclusive jurisdiction of any New York State court or federal court of the United States sitting in the State and City of New York, County and Borough of Manhattan, and any appellate court from any thereof, in any action or
proceeding arising out of or relating to the Indenture or the Notes, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or
proceeding may be heard and determined in such state court sitting in the State and City of New York, County and Borough of Manhattan or, to the extent permitted by law, in such federal court sitting in the State and City of New York, County and
Borough of Manhattan. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. The Company
hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to the
Indenture or the Notes in any New York State or federal court. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any
such court. 
 Section 3.13 Counterpart Originals. The parties may sign any number of counterparts of this Third Supplemental
Indenture. Each signed counterpart shall be an original, but all of them together represent the same agreement. 
 [Remainder of Page
Intentionally Left Blank] 

  
 - 10 - 

 IN WITNESS WHEREOF, the parties hereto have caused this Third Supplemental Indenture to be duly
executed as of the date first above written. 
  

			
	EATON VANCE CORP.
		
	By:	 	 /s/ Laurie G. Hylton

	Name:	 	Laurie G. Hylton
	Title:	 	Chief Financial Officer
	
	WILMINGTON TRUST COMPANY, as Trustee
		
	By:	 	 /s/ John T. Needham, Jr.

	Name:	 	John T. Needham, Jr.
	Title:	 	Vice President

 [Signature Page to Third Supplemental Indenture] 

 Exhibit A 

Form of Note 
 THIS SECURITY IS HELD BY THE
DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (A) THE TRUSTEE MAY MAKE SUCH
NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO THE INDENTURE, (B) THIS SECURITY MAY BE EXCHANGED, IN WHOLE BUT NOT IN PART, PURSUANT TO SECTION 2.15(B) OF THE INDENTURE, (C) THIS SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO
SECTION 2.13 OF THE INDENTURE AND (D) EXCEPT AS OTHERWISE PROVIDED IN SECTION 2.15(B) OF THE INDENTURE, THIS SECURITY MAY BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY (X) BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, (Y) BY A NOMINEE OF
THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR (Z) BY THE DEPOSITARY OR ANY NOMINEE TO A SUCCESSOR DEPOSITARY OR TO A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 

EATON VANCE CORP. 
 3.500% Notes
due 2027 
  

			
	REGISTERED	  	$[            ]
		
	R-[    ]	  	CUSIP 278265AE3

 Eaton Vance Corp., a corporation duly organized and existing under the laws of Maryland (herein called the
“Company,” which term includes any successor Person under the Indenture described on the reverse hereof), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of
$[        ] on April 6, 2027, and to pay interest thereon at the rate of 3.500% per annum from April 6, 2017, payable on April 6 and October 6 of each year, each of which shall be an
Interest Payment Date, beginning on October 6, 2017. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one
or more predecessor Securities) is registered at the close of business on the regular record date for such interest, which shall be the March 22 or September 22 (whether or not a Business Day), as the case may be, next preceding such
Interest Payment Date. Interest will be calculated on the basis of a 360-day year of twelve 30-day months. Any such interest not so punctually paid or duly provided for
will forthwith cease to be payable to the Holder on such regular record date and may either be paid to the Person in whose name this Security (or one or more predecessor Securities) is registered at the close of business on a special record date for
the payment of such defaulted interest to be fixed by the Company, notice whereof shall be given to the Trustee and Holders of Securities of this Series not less than 30 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 the Securities of this Series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture
described on the reverse hereof. In the event of an inconsistency between this Security and the terms of the Indenture, the terms of the Indenture shall govern. 

 Payment of the principal of, premium, if any, on and any interest on this Security will be made
at the Corporate Trust Office of the Trustee, 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; provided, however, 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 on the books of the Registrar. 

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

[Remainder of Page Intentionally Blank] 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal. 
 Dated: 
  

			
	EATON VANCE CORP.
		
	By:	 	  

		 	Name:
		 	Title:

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

			
	
	 WILMINGTON TRUST COMPANY
 as
Trustee, certifies that this is one of the Securities referred to in the within-mentioned Indenture.

			
		
	By:	 	  

			
	Authorized Signatory
	
	Dated:

 [Signature Page to Note] 

 [REVERSE OF SECURITY] 

EATON VANCE CORP. 
 3.500% Notes
due 2027 
 Securities; Indenture. 

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 October 2, 2007 (the “Base Indenture”), between the Company and Wilmington Trust Company, as Trustee (herein called the “Trustee,” which term
includes any successor trustee under the Indenture), as amended and supplemented by the Third Supplemental Indenture, dated as of April 6, 2017 (together with the Base Indenture, 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, initially limited in aggregate principal amount to $300,000,000. The Company may, from time to time, without the consent of the holders of this Series of
Securities, issue additional Securities under the Indenture having the same ranking and the same interest rate, maturity and other terms as this Series of Securities. Any additional Securities having such similar terms, together with any outstanding
Securities of this Series, will constitute a single Series of Securities under the Indenture. 
 Optional Redemption. 

At any time prior to the Par Call Date, the Company may redeem the Securities of this Series, in whole or in part, at the Company’s option
at a redemption price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed and (ii) the sum of the present values of the Remaining Scheduled Payments of principal and interest thereon (exclusive of interest
accrued to the date of redemption), discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury
Rate plus 20 basis points, plus, in each case, accrued and unpaid interest thereon, if any, to, but not including, the date of redemption. 

In addition, on and after the Par Call Date, the Company may redeem the Securities of this Series, in whole or in part, at the Company’s
option, from time to time at a redemption price equal to 100% of the principal amount of such Securities to be redeemed, plus accrued interest and unpaid interest thereon, if any, to, but not including, the date of redemption. 

For purposes of the Securities of this Series: 

“Comparable Treasury Issue” means the United States Treasury security or securities selected by an Independent Investment
Banker as having an actual or interpolated maturity comparable to the remaining term of the Securities to be redeemed (assuming that the Securities matured on the Par Call Date) that would be utilized, at the time of selection and in accordance with
customary financial practice, in pricing new issues of corporate debt securities of a comparable maturity to the remaining term of such Securities. 

 “Comparable Treasury Price” means, with respect to any redemption date,
(A) the arithmetic average of the Reference Treasury Dealer Quotations for such redemption date obtained by the Company, after excluding the highest and lowest such Reference Treasury Dealer Quotations, (B) if the Company obtains fewer
than four Reference Treasury Dealer Quotations, the arithmetic average of those quotations or (C) if the Company obtains only one Reference Treasury Dealer Quotation, such Reference Treasury Dealer Quotation. 

“Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company. 

“Par Call Date” means January 6, 2027. 

“Reference Treasury Dealer” means each of (i) Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan
Stanley & Co. LLC, or their respective affiliates that are primary U.S. Government securities dealers, and their respective successors and (ii) three other nationally recognized investment banking firms (or their respective affiliates)
that the Company selects in connection with the particular redemption, and their respective successors; provided, however, that if any of the foregoing or their affiliates cease to be a primary U.S. Government securities dealer in The
City of New York (a “Primary Treasury Dealer”), the Company shall substitute therefor another Primary Treasury Dealer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the
average, as calculated by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed, in each case, as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury
Dealer at 3:30 p.m. New York time on the third Business Day preceding such redemption date. 
 “Remaining Scheduled
Payments” means, with respect to each Security of this Series to be redeemed, the remaining scheduled payments of the principal thereof and interest thereon that would be due after the related redemption date for such redemption (assuming
that the Securities matured on the Par Call Date); provided, however, that, if such redemption date is not an Interest Payment Date with respect to such Securities, the amount of the next succeeding scheduled Interest Payment Date thereon for the
purpose of this definition will be reduced by the amount of interest accrued thereon, if any, to, but not including, such redemption date. 

“Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the semiannual equivalent yield to
maturity or interpolated (on a day count basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date.

 Notice of any redemption will be mailed, at least 30 days but not more than 60 days before the redemption date, to each Holder of
Securities of this Series. If less than all of the Securities of this Series are to be redeemed, the Securities to be redeemed shall be selected pro rata or by lot or such other method deemed fair and appropriate by the Trustee and in all cases
subject to the applicable procedures of the Depositary. 

 Unless the Company defaults in payment of the redemption price, on and after the redemption date,
interest will cease to accrue on the Securities of this Series or portions thereof called for redemption. 
 In the event of redemption of
this Security in part only, a new Security or Securities of this Series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 

Events of Default. 
 Subject to the
provisions of Section 6.01 of the Base Indenture, if an Event of Default with respect to Securities of this Series shall occur and be continuing, the principal of the Securities of this Series may be declared due and payable in the manner and
with the effect provided in the Indenture. 
 Amendments and Waivers. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of
the Company and the rights of the Holders of the Securities of each Series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the outstanding Securities
at the time of each Series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the outstanding Securities of each Series at the time, on behalf of the Holders of all
Securities of such Series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. 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. 
 Holder Action. 

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 at least 25% in aggregate principal amount of the outstanding Securities of this Series 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 majority in aggregate principal amount of the outstanding Securities of this Series a direction inconsistent with such request,
and the Trustee shall have failed to institute any such proceeding within 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 any premium or interest hereon on or after the respective due dates expressed herein. 

 Obligations Absolute. 

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 any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

Defeasance. 
 The Indenture contains
provisions for defeasance at any time of (a) the entire indebtedness of the Company on this Security and (b) certain restrictive covenants and the related defaults and Events of Default, upon compliance by the Company with certain
conditions set forth therein, which provisions apply to Securities of this Series. 
 Transfer and Exchange. 

The Securities of this Series are issuable only in registered form without coupons in denominations of $2,000 and integral multiples $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 with like tenor and terms, as requested
by the Holder surrendering the same. Notwithstanding the foregoing, the Securities shall be exchangeable pursuant to Section 2.08, subject to Section 2.15, of the Base Indenture for Securities of this Series 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 within 90 days of such event, (ii) the Company executes and delivers to the Trustee an Officers’ Certificate
to the effect that such Global Security shall be so exchangeable or (iii) an Event of Default with respect to the Securities represented by such Global Security shall have occurred and be continuing. 

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. 
 Defined Terms. 

All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Indenture. 

Governing Law. 
 This Security shall be
governed by, and construed in accordance with, the law of the State of New York but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction would be required thereby.

 FORM OF ASSIGNMENT AND TRANSFER 

For value received                      hereby sell(s),
assign(s) and transfer(s) unto                      (Please insert social security or Taxpayer Identification Number of assignee) the within Note,
and hereby irrevocably constitutes and appoints                      attorney to transfer the said Note on the books of the Company, with full power
of substitution in the premises. 
  

			
	Dated:	 	  

			
	
	  

	
	  

	
	Signature(s)
	
	  

	
	Signature Guarantee
	
	 Signature(s) must be guaranteed by an

eligible Guarantor Institution (banks, stock
 brokers, savings and
loan associations and
 credit unions) with membership in an approved

signature guarantee medallion program pursuant
 to Securities and
Exchange Commission
 Rule 17Ad-15 if Notes are to be delivered, other

than to and in the name of the registered holder.

 NOTICE: The signature on the assignment must correspond with the name as written upon the face of the Note in
every particular without alteration or enlargement or any change.

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