Document:

EX-4.1

 Exhibit 4.1 
 THE PROGRESSIVE CORPORATION 
 and 

U.S. BANK NATIONAL ASSOCIATION, as 
 Trustee 
 SIXTH SUPPLEMENTAL INDENTURE 

3.75% Senior Notes due 2021 
 THIS SIXTH SUPPLEMENTAL INDENTURE, dated as of August 22, 2011, between THE PROGRESSIVE CORPORATION, an Ohio corporation (the “Issuer”) and U.S. BANK NATIONAL ASSOCIATION, a national
banking association (“U.S. Bank”), in its capacity as Trustee. 
 W I T N E S S E T H: 

WHEREAS, the Issuer entered into an Indenture dated as of September 15, 1993 (as supplemented from time to time, the
“Indenture”), with the First National Bank of Boston, in its capacity as Trustee, pursuant to which the Issuer may from time to time issue its unsecured debentures, notes and other evidences of indebtedness in one or more series; and

 WHEREAS, the Issuer entered into a First Supplemental Indenture dated as of March 15, 1996, confirming the succession of
State Street Bank and Trust Company, a Massachusetts trust company, as trustee under the Indenture; and 
 WHEREAS, the Issuer
entered into a Second Supplemental Indenture dated as of February 26, 1999; 
 WHEREAS, the Issuer entered into a Third
Supplemental Indenture dated as of December 7, 2001; 
 WHEREAS, the Issuer entered into a Fourth Supplemental Indenture
dated as of November 21, 2002; 
 WHEREAS, the Issuer entered into a Fifth Supplemental Indenture dated as of June 13,
2007 confirming the succession of U.S. Bank, as trustee under the Indenture; 
 WHEREAS, Article Eight of the Indenture
provides for various matters with respect to any series of Securities issued under the Indenture to be established in an indenture supplemental to the Indenture; and 
 WHEREAS, Section 8.1(c) of the Indenture provides that the Issuer, when authorized by its Board of Directors, and the Trustee may from time to time and at any time enter into an indenture
supplemental to the Indenture to add on to the covenants of the Issuer certain further covenants, restrictions, conditions or provisions. 
 NOW THEREFORE: 
 In consideration of the premises and other good and valuable
consideration, the parties hereto mutually covenant and agree as follows: 
 ARTICLE 1 

RELATION TO INDENTURE; DEFINITIONS 
 SECTION 1.01. Integral Part. This Sixth Supplemental Indenture constitutes an integral part of the Indenture. 
 SECTION 1.02. General Definitions. For all purposes of this Sixth Supplemental Indenture: 

  
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 (a) capitalized terms used herein without definition shall have the meanings specified in
the Indenture; 
 (b) all references herein to Articles and Sections, unless otherwise specified, refer to the corresponding
Articles and Sections of this Sixth Supplemental Indenture; and 
 (c) the terms “herein”, “hereof”,
“hereunder” and other words of similar import refer to this Sixth Supplemental Indenture. 
 SECTION 1.03.
Definitions. The following definitions shall apply to this Sixth Supplemental Indenture: 
 “Consolidated Tangible
Net Worth” means, at any date, the total assets appearing on the consolidated balance sheet of the Issuer and its consolidated subsidiaries as of the end of the then most recent fiscal quarter of the Issuer, prepared in accordance with
generally accepted accounting principles, less the sum of (a) the total liabilities appearing on such balance sheet and (b) intangible assets. “Intangible assets” means, for the purposes of this definition, the value, as shown on
or reflected in such balance sheet, of (i) all trade names, trademarks, licenses, patents, copyrights and goodwill, (ii) organizational costs and (iii) unamortized debt discount and expense, less unamortized premium. 

“Designated Securities” means the series of Securities designated by the Issuer as its “3.75% Senior Notes due 2021.”

 “Designated Subsidiary” means (i) Progressive Casualty Insurance Company, an Ohio corporation, so long as it
remains a subsidiary of the Issuer, (ii) any other consolidated subsidiary of the Issuer, the assets of which constitute 10% or more of the Total Assets, and (iii) any subsidiary that is a successor to all or substantially all of the
business or properties of any such subsidiary. 
 “Depositary” shall have the meaning specified in Section 4.01.

 “DTC” shall have the meaning specified in Section 4.01. 

“Global Security” or “Securities” shall have the meaning specified in Section 4.01. 

“Total Assets” means, at any date, the total assets appearing on the consolidated balance sheet of the Issuer and its
consolidated subsidiaries as of the end of the then most recent fiscal quarter of the Issuer, prepared in accordance with generally accepted accounting principles. 
 ARTICLE 2 
 ADDITIONAL COVENANTS 

SECTION 2.01. Limitation on Liens. The Issuer will not, nor will it permit any Designated Subsidiary to, incur, issue, assume or
guarantee any indebtedness for money borrowed if (i) that indebtedness is secured by a pledge, mortgage, deed of trust or other lien on any shares of stock or indebtedness of any Designated Subsidiary (a “lien”), and (ii) the
aggregate amount of the indebtedness so secured exceeds an amount equal to 15% of the Issuer’s Consolidated Tangible Net Worth, unless the Designated Securities are also secured equally and ratably with such other indebtedness. For purposes of
this restriction, a “lien” will not include the pledge to, or deposit with, any state or provincial insurance regulatory authorities of any investment securities by the Issuer or any of its subsidiaries. 

The foregoing restriction shall not apply to indebtedness secured by: 

(a) Liens on any shares of stock or indebtedness of or acquired from a corporation merged or consolidated with or into, or otherwise
acquired by, the Issuer or a Designated Subsidiary; 
 (b) Liens to secure indebtedness of a Designated Subsidiary to the Issuer
or to another Designated Subsidiary, but only as long as such indebtedness is owned or held by the Issuer or a Designated Subsidiary; and 

  
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 (c) Any extension, renewal or replacement (or successive extensions, renewals or
replacements), in whole or in part, of any lien referred to in (a) and (b). 
 SECTION 2.02. Consolidation, Merger,
Sale, Conveyance and Lease. Clause (ii) of Section 9.1 of the Indenture is, with respect to the Designated Securities, amended to read as follows: 
 “(ii) immediately after giving effect to the transaction, no Event of Default exists.” 
 ARTICLE 3 
 REOPENING OF THE SERIES 

SECTION 3.01. Reopening of the Series. The Issuer may at any time, without the consent of the holders of the Designated
Securities, increase the principal amount of the Designated Securities. 
 ARTICLE 4 

GLOBAL SECURITIES 

SECTION 4.01. Global Securities. The Designated Securities shall be issued in the form of one or more global securities
(“Global Securities”), which shall be deposited on behalf of the purchasers of the Designated Securities represented thereby with U.S. Bank National Association, at its Corporate Trust Office, as custodian for the depositary, The
Depository Trust Company (“DTC”, and such depositary, or any successor thereto, being hereinafter referred to as the “Depositary”), and registered in the name of DTC’s nominee, Cede & Co. (or any successor thereto),
for the accounts of participants in the Depositary. 
 SECTION 4.02. General. Each Global Security shall represent such
of the outstanding Designated Securities as shall be specified therein and each shall provide that it shall represent the aggregate principal amount of outstanding Designated Securities from time to time endorsed thereon. 

The Trustee and any agent thereof shall be entitled to deal with the Depositary, and any nominee thereof, that is the registered Holder
of any Global Security for all purposes of the Indenture relating to such Global Security (including the payment of principal and interest and the giving of instructions or directions by or to the owner or Holder of a beneficial ownership interest
in such Global Security) as the sole Holder of such Global Security and shall have no obligations to the beneficial owners thereof. None of the Trustee or any agent shall have any responsibility or liability for any acts or omissions of the
Depositary with respect to such Global Security, for the records of any such depositary, including records in respect of beneficial ownership interests in respect of any such Global Security, for any transactions between the Depositary and any
members of, or participants, in the Depositary (“Agent Members”) or between or among the Depositary, any such Agent Member and/or any Holder or owner of a beneficial interest in such Global Security, or for any transfers of beneficial
interests in any such Global Security. Notwithstanding the foregoing, nothing herein shall (1) prevent the Issuer, the Trustee or any agent of the Issuer or the Trustee from giving effect to any written certification, proxy or other
authorization furnished by the Depositary or (2) impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of any Security. Subject to the foregoing, the
registered Holder may grant proxies and otherwise authorize any Person to take any action which a Holder is entitled to take under the Indenture or the Designated Securities in accordance with the rules and procedures of such Depositary. 

SECTION 4.03. Book Entry Provisions. Each Global Security shall bear a legend substantially to the following effect: 

“Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation
(“DTC”), to the Issuer or its agent for registration of transfer, exchange or payment, and such certificate is registered in the name of Cede & Co., or in such other name as requested by an authorized representative of DTC, ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS 

  
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WRONGFUL, inasmuch as the registered owner hereof, Cede & Co., has an interest herein.” 
 A Global Security may not be transferred, in whole or in part, to any Person other than the Depositary or a nominee or any successor thereof, and no such transfer to any such other Person may be
registered; provided that the foregoing shall not prohibit any transfer of a Designated Security that is issued in exchange for a Global Security but is not itself a Global Security. 

A Global Security shall not be exchanged in whole or in part for a Designated Security registered, and no transfer of a Global Security
in whole or in part shall be registered in the name of any Person other than the Depositary or one or more nominees thereof; provided that a Global Security may be exchanged for Designated Securities registered in the names of any person
designated by the Depositary in the event that (A) the Depositary has notified the Issuer that it is unwilling or unable to continue as Depositary for such Global Security or such Depositary has ceased to be a “clearing agency”
registered under the Exchange Act, and in either case, a successor Depositary is not appointed by the Issuer within 90 days after receiving such notice or becoming aware that the Depositary has ceased to be a “clearing agency” or
(B) the Issuer determines in its sole discretion to issue Designated Notes in exchange for a Global Security. Any Global Security exchanged pursuant to the preceding sentence shall be so exchanged as directed by the Depositary. Any Designated
Security issued in exchange for a Global Security or any portion thereof shall be a Global Security; provided, however, that any such Security so issued that is registered in the name of a Person other than the Depositary or a nominee
thereof shall not be a Global Security. 
 Designated Securities issued in exchange for a Global Security or any portion thereof
that are not issued as a Global Security shall be issued in definitive, fully registered form, without interest coupons, shall have a principal amount equal to that of such Global Security or portion thereof to be so exchanged and shall be
registered in such names and be in such authorized denominations as the Depositary shall designate. 
 ARTICLE 4 

MISCELLANEOUS PROVISIONS 
 SECTION 4.01. Applicability of this Sixth Supplemental Indenture. The provisions of this Sixth Supplemental Indenture will be applicable solely to the Designated Securities. 

SECTION 4.02. Adoption, Ratification and Confirmation. The Indenture, as supplemented by this Sixth Supplemental Indenture, is in
all respects hereby adopted, ratified and confirmed. 
 SECTION 4.03. Counterparts. This Sixth Supplemental Indenture may
be executed in any number of counterparts, each of which when so executed shall be deemed an original; and all such counterparts shall together constitute but one and the same instrument. 

SECTION 4.04. Governing Law. This Sixth Supplemental Indenture shall be governed by and construed in accordance with the laws of
the state of New York. 
 SECTION 4.05. Trustee Makes No Representation. The Trustee makes no representation as to the
validity or sufficiency of this Sixth Supplemental Indenture. The recitals contained herein are made by the Issuer and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Sixth Supplemental Indenture to be
duly executed and their respective corporate seals to be hereunto fixed and attested as of the day and year first written above. 
  

					
	THE PROGRESSIVE CORPORATION
		
	By:	 	  

		 	Name:	 	Brian C. Domeck
		 	Title:	 	Vice President and Chief Financial Officer

  

					
	Attest
		
	By:	 	  

		 	Name:	 	Charles E. Jarrett
		 	Title:	 	Secretary

  

					
	 U.S. BANK NATIONAL ASSOCIATION,
 as Trustee

		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  

					
	Attest
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  

			
	STATE OF OHIO	  	) ss:
		
	COUNTY OF CUYAHOGA	  	)

 On this      day of August, 2011, before me personally came Brian C. Domeck, to me
personally known, who, being by me duly sworn, did depose and say that he is an officer of THE PROGRESSIVE CORPORATION, one of the corporations described in and which executed the above instrument; that he knows the corporate seal of said
corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by authority of the Board of Directors of said corporation, and that he signed his name thereto by like authority. 

 

			
		  	 Notary Public
 My commission
expires:

		
	 [Notarial Seal]
	  	

  

			
	COMMONWEALTH OF MASSACHUSETTS	  	) ss:
		
	COUNTY OF SUFFOLK	  	)

 On this      day of August, 2011, before me personally came
                                         , to me
personally known, who, being by me duly sworn, did depose and say that he is a resident of SUFFOLK County, COMMONWEALTH OF MASSACHUSETTS; that he is an authorized officer of U.S. BANK NATIONAL ASSOCIATION, the corporation described in and which
executed the above instrument; and that he signed his name thereto by authority of the Board of Directors of said corporation. 
  

			
		  	 Notary Public
 My commission
expires:

		
	 [Notary Seal]
	  	

  
 5EX-4.2

 Exhibit 4.2 
 (Face of Security) 
 Unless this certificate is presented by an authorized
representative of The Depository Trust Company, a New York corporation (“DTC”) to the Issuer or its agent for registration of transfer, exchange or payment, and such certificate is registered in the name of Cede & Co., or in such
other name as requested by an authorized representative of DTC, ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, inasmuch as the registered owner hereof, Cede & Co., has an interest herein.

  

			
	 REGISTERED NO. R-001
	  	$500,000,000

 CUSIP No. 743315 AN 3 
 THE PROGRESSIVE CORPORATION 
 3.75% SENIOR NOTE DUE 2021 

THE PROGRESSIVE CORPORATION, an Ohio corporation (the “Issuer”), for value received, hereby promises to pay to CEDE &
Co., c/o The Depository Trust Company, 55 Water Street, New York, New York 10041 or registered assigns, at the office or agency of the Issuer at the office of the Trustee in Boston, Massachusetts, the principal sum of FIVE HUNDRED MILLION DOLLARS
($500,000,000) on August 23, 2021 (the “Maturity Date”), in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts, and to pay interest
semiannually on February 23 and August 23 of each year (each, an “Interest Payment Date”), commencing on February 23, 2012, on said principal sum at said office or agency, in like coin or currency, at the rate per annum
specified in the title of this Note, from the February 23 or the August 23, as the case may be, next preceding the date of this Note to which interest has been paid, unless no interest has been paid on the Notes, in which case from
August 22, 2011, until payment of said principal sum has been made or duly provided for at the office or agency maintained by the Issuer for such purpose; provided, that payment of interest may be made at the option of the Issuer by check
mailed to the address of the person entitled thereto as such address shall appear on the Security Register. The interest so payable on any Interest Payment Date will, subject to certain exceptions provided in the Indenture referred to on the reverse
hereof, be paid to the person in whose name this Note is registered at the close of business on the February 8 or August 8, as the case may be, next preceding the related Interest Payment Date except that any interest payable upon maturity
or earlier redemption of the Notes will be payable to the person to whom the principal of the Notes is payable. 

 Reference is made to the further provisions of this Note set forth on the reverse hereof.
Such further provisions shall for all purposes have the same effect as though fully set forth at this place. 
 This Note shall
not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been signed by the Trustee under the Indenture referred to on the reverse hereof. 

 IN WITNESS WHEREOF, The Progressive Corporation has caused this instrument to be signed by
its duly authorized officers and has caused its corporate seal to be affixed hereto or imprinted hereon. 
  

							
		 		 	THE PROGRESSIVE CORPORATION
				
	[CORPORATE SEAL]	 		 	By:	 	  

		 		 		 	Thomas A. King
		 		 		 	Treasurer

  

			
	Attest:	 	  

		 	Charles E. Jarrett
		 	Secretary

 Dated: August 22, 2011 
 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 This is one of the
Securities, of the series designated herein, referred to in the within-mentioned Indenture. 
  

			
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

 (Back of Security) 

THE PROGRESSIVE CORPORATION 
 3.75% SENIOR NOTE DUE 2021 
 This Note is one of a duly authorized issue of
debentures, notes, bonds or other evidences of indebtedness of the Issuer (hereinafter called the “Securities”) of the series hereinafter specified, all issued or to be issued under and pursuant to an indenture dated as of
September 15, 1993, as heretofore supplemented and amended (herein called the “Indenture”), between the Issuer and U.S. Bank National Association, as Trustee (herein called the “Trustee”), to which Indenture and all
indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Issuer and the Holders of the Securities. The Securities may be issued
in one or more series, which different series may be issued in various aggregate principal amounts, may mature at different times, may bear interest (if any) at different rates, may be subject to different redemption provisions (if any), may be
subject to different sinking, purchase or analogous funds (if any) and may otherwise vary as in the Indenture provided. This Security is one of a series designated as the “3.75% Senior Notes due 2021” of the Issuer (herein called the
“Notes”) initially limited in aggregate principal amount to $500,000,000. The Issuer may, without the consent of Holders, increase the principal amount of the Notes in the future by issuing additional Notes on the same terms and conditions
and with the same CUSIP Number(s) as the Notes. 
 If any Interest Payment Date or the Maturity Date or any earlier Redemption
Date falls on any date that is not a Business Day, then the related payment will be made on the next succeeding Business Day, without any interest or other additional payment in respect of the delay. “Business Day” means any day, other
than a Saturday or Sunday, that is not a day on which banking institutions or trust companies are generally authorized or required by law, regulation or executive order to close in The City of New York. 

In case an Event of Default, as defined in the Indenture, with respect to the Notes shall have occurred and be continuing, the principal
hereof may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 
 The Indenture contains provisions permitting the Issuer and the Trustee, with the consent of the Holders of not less than 66-2/3% in aggregate principal amount of the Securities at the time Outstanding
(as defined in the Indenture) of all series to be affected (voting as one class), evidenced as in the Indenture provided, to execute supplemental 

 
indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying in any manner the rights of the
Holders of the Securities of each such series; provided, however, that no such supplemental indenture shall, among other things, (i) extend the final maturity of any Security, or reduce the principal amount thereof, or reduce the rate or extend
the time of payment of any interest thereon, or impair or affect the rights of any Holder to institute suit for the payment thereof, without the consent of the Holder of each Security so affected or (ii) reduce the aforesaid percentage of
Securities, the Holders of which are required to consent to any such supplemental indenture, without the consent of the Holder of each Security so affected. It is also provided in the Indenture that, with respect to certain defaults or Events of
Default regarding the Securities of any series, prior to any declaration accelerating the maturity of such Securities, the Holders of a majority in aggregate principal amount Outstanding of the Securities of such series may on behalf of the Holders
of all the Securities of such series waive any such past default or Event of Default and its consequences. The preceding sentence shall not, however, apply to a default in the payment of the principal of or premium, if any, or interest on any of the
Securities. Any such consent or waiver by the Holder of this Note (unless revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and owners of this Note and any Note which may be issued in
exchange or substitution herefor, irrespective of whether or not any notation thereof is made upon this Note or such other Note. 
 No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional, to pay the principal of and
interest on this Note in the manner, at the respective times, at the rate and in the coin or currency herein prescribed. 
 The
Notes are issuable in registered form without coupons in minimum denominations of $2,000 and any integral multiple of $1,000 at the office or agency of the Issuer at the office of the Trustee in Boston, Massachusetts, and in the manner and subject
to the limitations provided in the Indenture, but without the payment of any service charge. Notes may be exchanged for a like aggregate principal amount of Notes of other authorized denominations. 

The Notes are subject to redemption upon not more than 60 or less than 30 days’ notice by mail, in whole at any time or in part from
time to time at the option of the Issuer on any date (a “Redemption Date”), at a redemption price equal to the accrued and unpaid interest on the principal amount being redeemed to the redemption date plus the greater of (i) 100% of
the principal amount of the Notes to be redeemed and (ii) the sum of the present values of the Remaining Scheduled Payments (as defined below) of the Notes to be redeemed, discounted to the redemption date, on a semiannual basis

 
(assuming a 360-day year consisting of twelve 30-day months), at rate equal to the Treasury Rate (defined below), plus 30 basis points. 

“Remaining Scheduled Payments” means, with respect to any redemption, the remaining scheduled payments of the principal and
interest, exclusive of interest accrued to the Redemption Date, that would be due after the Redemption Date of the Notes to be redeemed assuming such Notes were not redeemed and were held until the Maturity Date. 

“Treasury Rate” means, with respect to any redemption, an annual rate equal to the semiannual equivalent yield to maturity of
the Comparable Treasury Issue (as defined below), assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for the Redemption Date. 

“Comparable Treasury Issue” means, with respect to any redemption, the United States Treasury security selected by an
Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed 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 comparable maturity to the remaining term of such Notes. 
 “Independent
Investment Banker” means one of the Reference Treasury Dealers selected by the Issuer. 
 “Comparable Treasury
Price” means, with respect to any redemption, (i) the average of three Reference Treasury Dealer Quotations (as defined below) obtained by the Trustee for the Redemption Date after excluding the highest and lowest of five Reference
Treasury Dealer Quotations obtained or (ii) if the Trustee obtains fewer than five Reference Treasury Dealer Quotations, the average of all Reference Treasury Dealer Quotations obtained. 

“Reference Treasury Dealer” means, with respect to any redemption, Credit Suisse Securities (USA) LLC or any of its affiliates
(so long as it is and continues to be a primary U.S. Government securities dealer in The City of New York) and any four other primary U.S. Government securities dealers in The City of New York chosen by the Issuer. If any of the foregoing ceases to
be a primary U.S. Government securities dealer in The City of New York, the Issuer will appoint in its place another nationally recognized investment banking firm that is a primary U.S. Government securities dealer in The City of New York.

 “Reference Treasury Dealer Quotation” means, with respect to any redemption, the average, as determined by the
Trustee, 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 Trustee by a Reference Treasury Dealer at 3:30 p.m., New York City time, on the third
business day preceding the Redemption Date. 
 In the event of redemption of this Note in part only, a new Note or Notes 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. 
 Upon due presentment for registration of transfer of this Note at the office or agency of the Issuer at the office of the Trustee in Boston, Massachusetts, a new Note or Notes of authorized denominations
for an equal aggregate principal amount will be issued to the transferee in exchange therefor, subject to the limitations provided in the Indenture, without charge except for any tax or other governmental charge imposed in connection therewith.

 The Issuer, the Trustee and any authorized agent of the Issuer or the Trustee may deem and treat the registered Holder hereof
as the absolute owner of this Note (whether or not this Note shall be overdue and notwithstanding any notation of ownership or other writing hereon), for the purpose of receiving payment of, or on account of, the principal hereof and, subject to the
provisions on the face hereof, interest hereon, and for all other purposes, and neither the Issuer nor the Trustee nor any authorized agent of the Issuer or the Trustee shall be affected by notice to the contrary. 

No recourse under or upon any obligation, covenant or agreement of the Issuer in the Indenture or any indenture supplemental thereto or
in any Note, or because of the creation of any indebtedness represented thereby, shall be had against any incorporator, shareholder, officer or director, as such, of the Issuer or of any successor corporation, either directly or through the Issuer
or any successor corporation, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the
acceptance hereof and as part of the consideration for the issue hereof. 
 Terms used herein which are defined in the Indenture
shall have the respective meanings assigned thereto in the Indenture. 

 FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

 

	
	 PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE

 

	 
	 

  
  

 
 (PLEASE PRINT OR TYPEWRITE NAME AND
ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE) 
 the within Note and all rights thereunder, hereby irrevocably constituting and appointing

  
  

 
 attorney to transfer said Note on the books of the
Issuer, with full power of substitution in the premises. 
  

									
	Dated	 	  
	 		 	  

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

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