Document:

Exhibit 10.1

 

 

[Certain identified information has been
excluded from the exhibit because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed]

 

ASSET PURCHASE AGREEMENT

 

This ASSET PURCHASE AGREEMENT (the
“Agreement”) is entered into by and between SONOMA PHARMACEUTICALS, inc.,
(previously known as Oculus Innovative sciEnces, INC.) a Corporation under the laws of Delaware hereinafter referred to
as “Seller” and PETAGON LIMITED, an organization under the laws of Hong Kong, hereinafter referred to
as “Buyer” (all Parties jointly referred to as the “Parties”) as of 14 May, 2019 (the “Effective
Date”).

 

WHEREAS, Seller and Buyer entered
into an exclusive distributorship agreement dated January 15, 2015, pursuant to which Buyer marketed and distributed animal health
care products in certain countries in Asia.

 

WHEREAS, Seller is the sole title
holder and owner of the Assets (as such term is defined herein below) and intends to sell to Buyer the Assets, which are free of
any Lien and encumbrances, in the terms and conditions hereof.

 

WHEREAS, Buyer intends to acquire from
the Seller the Assets on the terms and conditions herein below.

 

The Parties hereby, in consideration of
the foregoing and the representations, warranties, covenants and agreements contained herein, intending to be legally bound, agree
on the following:

 

CLAUSES

 

FIRST. Definitions.

 

1.01       For
all purposes of this Agreement, unless the context otherwise requires, the following definitions shall apply and shall include
the plural as well as the singular:

 

“Affiliate” means
with respect to any Person or entity (i) any other Person or corporation directly or indirectly controlling, controlled by, or
under common control with a Party to this Agreement or (ii) any partnership, joint venture, or other entity directly or indirectly
controlled by, controlling, or under common control with, a Party to this Agreement, but in each case only for so long as such
ownership or control shall continue. For purposes of this definition, the term “control” as applied to any Person or
entity means the possession, directly or indirectly, of the power to direct or cause the direction of the management of that Person
or entity, whether through ownership of voting securities or otherwise.

 

“Agreement” means
this Assets Purchase Agreement, together with the Ancillary Agreements, and any certificate, Consent, representation, instrument
or any other document executed and delivered pursuant to the provisions hereunder.

 

“Ancillary Agreements”
means the License Agreement, the Patent Assignment Agreement, and the Trademark Assignment Agreement.

 

“Applicable Laws”
means all applicable provisions of all (i) constitutions and treaties subscribed by any Governmental Authority; (ii) all statutes,
laws (whether federal, state or local law (including the common and civil law)), codes, rules, regulations, ordinances or orders
of any Governmental Authority, (iii) orders, decisions, injunctions, judgments, awards and decrees of or agreements with any Governmental
Authority and (iv) any administrative rule or order of general application issued by any Governmental Authority.

 

 

 

    	 	1	 

     

    

 

“Assets”
means the Trademarks listed in Exhibit 3, Patents listed in Exhibit 4, and Equipment listed in Exhibit 5,
including without limitation, all warranties, indemnities and other rights and causes of action (attributable to the period after
the Closing Date) relating thereto.

 

“Business Day”
means a day (excluding Saturdays, Sundays and public holidays) on which banks are generally open for business in Hong Kong or the
United States for the transaction of normal banking business.

 

“Buyer” has
the meaning set forth in the Preamble.

 

“Change of Control”
means the occurrence of any of the following after the Effective Date:

 

(i)  one
person (or more than one person acting as a group) acquires ownership of stock of the Seller that, together with the stock held
by such person or group, constitutes more than 50% of the total fair market value or total voting power of the stock of such corporation;
provided that, a Change of Control shall not occur if any person (or more than one person acting as a group) owns more than 50%
of the total fair market value or total voting power of the Seller’s stock and acquires additional stock;

 

(ii)  a majority
of the members of the Board of Directors of the Seller are replaced during any twelve-month period by directors whose appointment
or election is not endorsed by a majority of the Seller’s Board of Directors before the date of appointment or election;
or

 

(iii)  the
sale of all or substantially all of the Seller’s assets.

 

Notwithstanding the foregoing, a Change
of Control shall not occur unless such transaction constitutes a change in the ownership of the Seller, a change in effective control
of the Seller, or a change in the ownership of a substantial portion of the Seller’s assets under Section 409A.

 

For purposes of the definition of “Change
of Control”, the following definitions shall be applicable:

 

(i) The term “person”
shall mean any individual, corporation or other entity and any group as such term is used in Section 13(d) (3) or 14(d) (2) of
the Securities Exchange Act, as amended.

 

(ii)  Any
person shall be deemed to be the beneficial owner of any shares of capital stock of the Seller:

 

a. which that person owns directly
whether or not of record, or

 

b. which that person has the
right to acquire pursuant to any agreement or understanding or upon exercise of conversion rights, warrants, or options, or otherwise,
or

 

c. which are beneficially owned,
directly or indirectly (including shares deemed owned through application of clause (b) above, by an “affiliate” or
“associate” (as defined in the rules of the Securities and Exchange Commission under the Securities Act of 1933, as
amended) of that person, or

 

d. which are beneficially owned,
directly or indirectly (including shares deemed owned through application of clause (b) above), by any other person with which
that person or his “affiliate” or “associate” (defined as aforesaid) has any agreement, arrangement, or
understanding for the purpose of acquiring, holding, voting or disposing of capital stock of the Seller.

  

(iii)  The
outstanding shares of capital stock of the Seller shall include shares deemed owned through application of clause (ii) (b), (c),
and (d) above, but shall not include any other shares which may be issuable pursuant to any agreement or upon exercise of conversion
rights, warrants or options, or otherwise, but which are not actually outstanding.

 

 

 

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“Claim”
means any and all litigation, claims, demands, actions, causes of action, suits, injunctions, judgments, decrees, settlements,
investigations, proceedings (administrative, arbitral, mediated or otherwise) and audits of any nature (other than audits voluntarily
performed in the ordinary course of business).

 

“Closing Date”
means the date in which this Agreement is signed and the Transaction contemplated under this Agreement is consummated.

 

“Consent” means
any consent, approval, authorization or similar affirmation by or notice to any Person under any agreement, Applicable Law or Governmental
Authorization.

 

“Confidential Information”
has the meaning set forth in Clause Fifteenth of this Agreement.

 

“Dermatological Products”
means a topical prescription, over-the-counter products or any other product for any treatment of the skin utilizing the Assets.

 

“Dollars”
or “US$” means United States of America dollars.

 

“Equipment”
means the equipment described in the Exhibit 5.

 

“Essential Component”
means the essential part of each Equipment necessary to operate the Equipment which will be held as Security.

 

“Exploit”
means to manufacture, make, have made, import, export, use, have used, sell, offer for sale, have sold, research, develop, commercialize,
register, hold or keep (whether for disposal or otherwise), transport, distribute, promote, market, or otherwise dispose of, and
“Exploitation” shall have a correlative meaning.

 

“Field” means
animal health care.

 

“Governmental Authority”
means any federal, state or public authority, domestic or foreign, exercising governmental powers and having jurisdiction in connection
with this Agreement; and all statutes, laws, ordinances, regulations, orders, decrees, permits, licenses approvals, writs, process
and rules issued thereby that may operate in connection with this Agreement.

 

“Governmental Authorizations”
means, with respect to the Products, any and all approvals (including applications and supplements and amendments thereto), licenses,
product registrations (except manufacturing establishment registrations) permits, orders, certificates, approvals or other similar
authorization of any Governmental Authority solely related to the Products and necessary to manufacture, commercially distribute,
sell or market such Product in the Territories.

 

“Governmental Order”
shall mean any order, writ, judgment, injunction, decree, stipulation, determination or award entered by or with any Governmental
Authority.

 

“Law” means
any statute, law, ordinance, regulation, rule, code, order, constitution, treaty, common law, judgment, decree, other requirement
or rule of law of any Governmental Authority.

 

“Lien” shall
means any mortgage, pledge, deed of trust, hypothecation, security interests, rights of use, licenses, security agreements, burdens,
title defects, title retention agreements, leases, subleases, occupancy agreements, easements, covenants, conditions, encroachments,
ownership limitations, charges, or any other encumbrances and other restrictions or limitations of any nature whatsoever or any
rights of Third Parties, including but not limited to such Liens as may arise under any contract, and whether created on the use
of the Assets irregularities in title thereto or otherwise.

 

“Location of Delivery”
shall mean a geographical location in Hong Kong which shall be provided by Buyer to Seller.

 

“Party” means
each of the Buyer and/or Seller; as the context so requires, or Buyer and Seller jointly.

 

“Patents”
means the patents owned by Seller, which are listed in Exhibit 4.

 

 

 

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“Patent Assignment
Agreement” means the assignment agreement entered into by and between Seller and Buyer at the Closing Date, pursuant
to which Seller shall convey and transfer to Buyer the Patents. The Patent Assignment Agreement once executed and delivered by
the Parties shall be an integral part of this Agreement and attached hereto as Exhibit 7.

 

“Person” means
any individual, partnership, limited partnership, limited liability company, joint venture, syndicate, sole proprietorship, corporation,
unincorporated association, trust, trustee, executor, administrator or other legal personal representative, or any other legal
entity, including a government or political subdivision, department or agency of a government.

 

“Products”
means the products manufactured by using the Assets, which products are listed in Exhibit 1.

 

“Purchase Price”
means the total amount to be paid to Seller for the sale of the Assets in accordance with Clause Third of this Agreement.

 

“Representatives”
means the officers, employees, agents, attorneys, consultants, advisors and other representatives of a Party or its Affiliates.

 

“Security”
means the Essential Component.

 

“Seller”
has the meaning set forth in the preamble of this Agreement.

 

“Tax” means
all federal, state, local, foreign and other income duties as provided by applicable laws together with any interest, additions
or penalties with respect thereto and any interest in respect of such additions or penalties.

 

“Territories”
means the territories listed in Exhibit 2.

 

“Third Party”
means any Person other than Seller or Buyer, their respective Affiliates and permitted successors and assigns.

 

“Trademark Assignment
Agreement” means the assignment agreement entered into by and between Seller and Buyer on the Closing Date, pursuant
to which Seller shall convey and transfer to Buyer the Trademarks. The Trademark Assignment Agreement once executed and delivered
by the Parties shall be an integral part of this Agreement and is attached hereto as Exhibit 8.

 

“Trademarks”
means the trademarks listed in Exhibit 3, including the registered trademarks, trademark applications and any other registered
trademarks linked thereto, in the Territories, as well as all goodwill relating thereto and to the Products.

 

“Transaction”
means the sale and purchase of the Assets pursuant to this Agreement, including the execution of the Agreement and the Ancillary
Agreements.

 

“Transfer Price”
means the prices listed in Exhibit 6.

 

1.02       Construction.
Except where the context otherwise requires, wherever used, the singular includes the plural, the plural the singular, the use
of any gender shall be applicable to all genders. The captions of this Agreement are for convenience of reference only and in no
way define, describe, extend or limit the scope or intent of this Agreement or the intent of any provision contained in this Agreement.
Except as otherwise specifically indicated, all references to Exhibit numbers refer to Exhibits of this Agreement, and all references
to Exhibits refer to Exhibits attached hereto and incorporated herein. The words “herein”, “hereof”, “hereinafter”,
“hereunder”, and words of similar import refer to this Agreement as a whole and not to any particular Exhibit hereof.
The term “including” as used herein means including, without limiting the generality of any description preceding such
term. The language of this Agreement shall be deemed to be the language mutually chosen by the Parties and no rule of strict construction
shall be applied against any Party.

 

 

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SECOND. Sale of Assets.

 

2.01       Upon
the terms and conditions of this Agreement, at the Closing Date, Seller shall sell, transfer, convey and deliver to Buyer and Buyer
shall buy and acquire from Seller on the Closing Date, the Assets free of any Lien for their Exploitation in the Field in the Territories.

 

2.02       As
a consequence of the transfer contemplated hereunder, Seller agrees that it shall not Exploit the Assets in the Field in the Territories.
Notwithstanding the foregoing, Seller shall continue manufacturing the Products and other products in its facilities, for their
export into territories other than the Territories and for the production, manufacture, market, promotion, sale and distribution
of Dermatological Products and Products exclusively for the use on humans.

 

2.03      
For the duration of [___] from the Closing Date, Buyer shall have the right of first refusal to [___] (the “Limited Territory”)
(the “Right of First Refusal”); provided that Seller [___]. It is understood by both parties that the Seller
is [___]. Seller has made such [___] for its review. Seller may [___]. [___]. [___], Seller shall promptly notify Buyer in writing
of Seller’s intent to sell the Right of First Refusal to Buyer. Buyer shall have thirty (30) Business Days from the date
of the notice (the “Refusal Notice Period”) to consider the Right of First Refusal and notify Seller in writing
of Buyer’s intent to exercise the Right of First Refusal. After (i) the end of [___] from the Closing Date, (ii) the end
of the Refusal Notice Period, or (iii) upon notice by Buyer of Buyer’s refusal to exercise the Right of First Refusal, the
Right of First Refusal shall expire immediately. If Buyer elects to exercise the Right of First Refusal, (i) Buyer agrees to pay
an amount of US$[___] ([___] Dollars) [___], and (ii) the Parties shall negotiate in good faith an agreement on terms mutually
acceptable to the Parties provided that Sellers shall not offer to any other parties the foregoing rights in more favourable terms
or conditions than those to be offered to Buyer.

 

THIRD. Purchase Price.

 

The Purchase Price for the Assets
shall be US$2,700,000 (two million seven hundred thousand Dollars) (the “Purchase Price”) to be paid as set
forth in Clause Fourth, Subsection 4.01 below.

 

FOURTH. Payment of the
Purchase Price.

 

4.01       On
the Closing Date, Buyer shall pay the Purchase Price by wire transfer in immediately available funds to Seller.

 

4.02         
Payments due under this Agreement shall be due on such date as specified in this Agreement and, in the event such date is
not a Business Day, then the next succeeding Business Day, and shall be made by wire transfer of immediately available funds to
the bank account designated by Seller on or before the date payment is due.

 

4.03         
For avoidance of doubt, Buyer assumes any and all liability for payment of its own Taxes. Any VAT liability incurred or
accrued by Seller as a result of any payments under this Subsection shall be the responsibility of Buyer.

 

FIFTH. Closing.

 

5.01       Closing
Date. Pursuant to the terms and conditions of this Agreement, the closing shall take place at Seller’s offices located
at 1129 N. McDowell Blvd., Petaluma, CA 94954 (or at such other place as the Parties may designate in writing), at 10:00 a.m. Pacific
Time on the date of signature of this Agreement (the “Closing Date”).

 

5.02       Closing
Deliveries.

 

		A.	On the Closing Date, Seller shall deliver the following to Buyer:

 

(i)              
Each of the Ancillary Agreements to which Seller is a Party, validly executed by a duly authorized representative of Sellers;

 

(ii)            
The Trademarks and Patents; and

 

 

 

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(iii)          
Possession of all deeds, titles, certificates, opinions, instruments, books, records and any documents evidencing the ownership
of the Assets, including without limitation, hard copies of the Trademark certificates and the Patent certificates.

 

		B.	On the Closing Date, Buyer shall deliver the following to Seller:

 

(i)              
Each of the Ancillary Agreements to which Buyer is a Party, validly executed by a duly authorized representative of Buyer;
and

 

(ii)            
The Purchase Price, along with a bank confirmation and reference number evidencing execution of such payment.

 

 

		5.03	Post-Closing Delivery of the Equipment.

 

The Equipment, less the Essential Component,
shall be delivered at the Location of Delivery no later than twelve (12) months following the Effective Date at Buyer’s sole
expense.

 

SIXTH. Supply of Products.

 

(i)              
Seller shall supply Buyer with Products for a period of five (5) years from the Effective Date, subject to mutual extension.
Seller shall not be liable for nonperformance or delay in performance to supply Products caused by any event reasonably beyond
the control of Seller, including, but not limited to wars, hostilities, revolutions, riots, civil commotion, national emergency,
strikes, lockouts, epidemics, fire, flood, earthquake, force of nature, explosion, embargo, or any other Act of God, or any law,
proclamation, regulation, ordinance, or other act or order of any court, government or governmental agency. Buyer shall pay the
Transfer Prices detailed in Exhibit 6 for all Products shipped to Buyer. If a tariff, tax, duty or other fee (the “Tariff”)
is imposed on the delivery any of the Products to Buyer, the Transfer Prices shall increase by the actual cost of such Tariff.

 

(ii)            
The Transfer Price will be paid to Seller within sixty (60) calendar days after each Product delivery date.

 

(iii)          
Within ten (10) Business Days after the Closing Date, Buyer shall provide Seller with a written estimate, by quarter and
by Product, of the quantities of Product Buyer would like to have delivered to it for the subsequent twelve (12) months. The quantities
in the forecast for the first quarter of the 12-month forecast shall be binding on Buyer. The quantities in the forecast for the
remaining quarters shall be a non-binding estimate. The Parties agree to meet once a year at a minimum to discuss a non-binding
multiyear forecast for the Products.

 

(iv)           
After a term of twenty-four (24) months from the Effective Date and again after forty-eight (48) months from the Effective
Date, the Parties shall renegotiate the Transfer Prices within thirty (30) calendar days in good faith. The Transfer Price shall
be increased for (a) any increase in actual cost of goods produced, and (b) by the percentage increase based on the U.S. Producer
price index – final demand goods published by the Bureau of Labor Statistics for the period from the Effective Date through
month 24 and months 25 through month 48 from the Effective Date, respectively. If the Parties do not agree on the so-adjusted Transfer
Prices, each Party shall have the right to terminate only this Paragraph Sixth of this Agreement without penalty by giving sixty
(60) days’ notice to the other Party.

 

SEVENTH. Ancillary Agreements.
The Parties agree to conclude and execute the following agreements on the Closing Date:

 

		a)	The Patent Assignment Agreement; and

 

		b)	The Trademark Assignment Agreement.

 

 

 

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EIGHTH. Representations and Warranties.

 

8.01       Seller’s
Representations. Seller hereby represents and warrants the following:

 

a) It is a corporation
duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation;

 

b) It has the legal
power and authority to enter into and be bound by the terms and conditions of this Agreement and to perform its obligations under
this Agreement;

 

c)
It has taken all necessary action on its part to authorize the execution and delivery of this Agreement. This Agreement has been
duly executed and delivered on behalf of them and constitutes a legal, valid, binding obligation, enforceable against each of them
in accordance with its terms;

 

d)
The execution, delivery and performance of this Agreement and the Ancillary Agreements to which it is a party and the execution,
delivery and performance by each Affiliate of Seller of each Ancillary Agreement to which such Affiliate is a party do not and
will not (a) violate the organizational documents of Seller or such Affiliate, as applicable, (b) violate any Law applicable to
Seller or any of its Affiliates or (c) require the giving of notice to or the consent of, or give rise to any termination rights
of, any Third Party to any contract to which Seller or its Affiliates are bound or constitute a breach thereof. 

 

e)
No notice to, filing with, permit of, authorization of, exemption by, or Consent of, any Governmental Authority or other Person
is required for Sellers to consummate the Transactions;

 

f)
To Seller’s knowledge, there is no litigation or Claim pending or threatened in writing against Seller or any of its Affiliates
before any Governmental Authority in the Territories relating to the Assets, and (b) there is no Governmental Order or judgment
of a Governmental Authority to which the Seller or any of its Affiliates is subject relating to the Assets.

 

g)
As of the Closing Date, Buyer shall own all rights and title to Exploit the Assets;

 

h)
Seller has not incurred any indebtedness, Liabilities or obligations (whether accrued, absolute, contingent or otherwise) relating
to the Assets, individually or in the aggregate;

 

i)
Seller has not received or has been subject to: (i) any warning letters or other written correspondence from Governmental Authorities
in the Territories with respect to any Product in which any Governmental Authority asserted that the operations of Seller were
not in compliance with Applicable Laws of the Territories; or (ii) any warning letters or other written correspondence from any
other Governmental Authority in the Territories with respect to a Product in which such other Governmental Authority asserted that
the operations of Seller were not in compliance with Applicable Laws of the Territories;

 

l)   
Seller or its Affiliate is the owner of the Assets and has good title (both legal and equitable) thereto. The Assets are
free and clear of all Liens, court orders, injunctions, decrees, writs or other encumbrances, whether by written agreement or otherwise
and no Person other than Seller own any right in any of the Assets;

 

m)   
To Seller’s knowledge, no Person is infringing any of the Patents or the Trademarks;

 

n)    
No Person has been granted with any license or other right or interest to any of the Patents or the Trademarks;

 

o)      
To Seller’s knowledge, the current use of the Patents and the Trademarks do not infringe or violate the rights of
any other Person in the Territories;

 

p)    
To Seller’s knowledge, with respect to the Territories, Seller has not been a party to any contract, agreement or
covenant, currently in force, whereby the use or Exploitation of the Assets, specifically the Trademarks or the Patents, have been
associated with any intellectual property rights of Third Parties;

 

 

 

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q)    
To Seller’s knowledge it is not currently subject to any recall or post-sale warning in respect of any of the Products
in any Territory, nor, is there currently under consideration by Seller or any of its Affiliates, or any Governmental Authority,
any recall or post-sale warning, in each case, in respect of any of the Products in any Territory. Seller has not received any
written notice that any Governmental Authority in the Territories has (i) commenced or threatened to initiate any action to withdraw
its approval or request the recall of any of the Products, or (ii) commenced or threatened to initiate, any action to enjoin the
manufacture, sale, or production of any of the Products;

 

r)       
No representation or warranty by Seller, and no statement contained in any other document delivered to or to be delivered
by or on behalf of Seller pursuant to this Agreement, contains any untrue statement or omits to state any fact necessary, in light
of the circumstances under which it was made, in order to make the statements herein or therein not misleading. Seller has disclosed
to Buyer all information relating to the Assets.

 

8.02       Buyer
represents and warrants to Sellers, as of the Closing Date, as follows:

 

a)     
It is a commercial entity duly incorporated and validly existing under the laws of its jurisdiction.

 

b)    
Its legal representative has sufficient legal authority to enter into this Agreement and the Ancillary Agreements;

 

c)     
The execution and delivery of this Agreement and Ancillary Agreements to which Buyer is a party and the consummation of
the transactions contemplated hereby and thereby have been duly authorized by the necessary corporate actions of Buyer. This Agreement
constitutes and each Ancillary Agreement to which Buyer is a party, when executed and delivered by Buyer, will constitute the valid
and legally binding obligation of Buyer, enforceable against Buyer in accordance with its terms;

 

d)    
The execution, delivery and performance by Buyer of this Agreement and the Ancillary Agreements to which it is a party and
the execution, delivery and performance by each Affiliate of Buyer of each Ancillary Agreement to which such Affiliate is a party
do not and will not (a) violate the organizational documents of Buyer or such Affiliate, as applicable, (b) violate any Law applicable
to Buyer or any of its Affiliates or (c) require the giving of notice to or the consent of, or give rise to any termination rights
of, any Third Party to any contract to which Buyer or its Affiliates are bound or constitute a breach thereof;

 

e)     
There is no broker, finder, financial advisor or other Person acting or who has acted on behalf of Buyer or its Affiliates,
who is entitled to receive any brokerage or finder’s or financial advisory fee from Seller or any of its Affiliates in connection
with the Transaction contemplated by this Agreement;

 

f)     
(i) To the knowledge of Buyer, there is no litigation pending or threatened against Buyer or any of its Affiliates before
any Governmental Authority, and (ii) there is no order, decree or judgment of a Governmental Authority to which Buyer or any of
its Affiliates is subject, except for such litigation, orders, decrees and judgements that would not reasonably be expected to
have a negative impact in compliance of its obligations hereunder and of the Ancillary Agreements;

 

g)    
Buyer has, and on the Closing Date will have, immediately available cash that is sufficient to enable it to complete the
Transaction and to perform all of its obligations under this Agreement and the Ancillary Agreements and to pay all related fees
and expenses of Buyer;

 

h)    
Buyer is aware of applicable Laws relating to marketing, distribution and sale of the Products;

 

i)      
To the best of Buyer’s knowledge, the representations and warranties of Seller made in Clause Eighth, Subsection 8.01
of this Agreement are true and correct. Buyer does not have any knowledge of any material errors in, or material omissions from,
the Exhibits of this Agreement;

 

j)      
Buyer has received from Seller and its Affiliates the information and documents necessary to complete a due diligence on
the Assets, and such due diligence was limited to the information and documents provided Buyer acknowledges and agrees that, except
as expressly provided in this Agreement or in any Ancillary Agreement, Buyer is acquiring the Assets on an “as is, where
is” basis, without any express or implied warranties, either in fact or by operation of law, by statue or otherwise, including
any warranty as to quality, the fitness for a particular purpose, merchantability, condition of the Assets or as to any other matter.

 

 

 

    	 	8	 

     

    

 

NINTH. Taxes, Fees and Expenses.
Except as otherwise provided in this Agreement, each Party shall be solely responsible for payment of Taxes caused to each of them
in accordance with their corresponding tax applicable Law. Each Party shall bear its own expenses and fees (including without limitation,
if incurred, fees and expenses of legal counsel, investment bankers, brokers, auditors, or other consultants) incurred in connection
with any matter whether or not relating to or arising out of this Agreement or the Transaction contemplated hereby.

 

TENTH. Security.

 

In order to secure the rights of Buyer
under this Agreement, in case of (i) the filing for insolvency, receivership or bankruptcy by Seller, or (ii) a Change of Control
of Seller, Buyer shall have the right to demand in writing within thirty (30) calendar days the delivery of the Essential Component
to the Location of Delivery and at a time specified by Buyer. Seller shall bear all costs, expenses and duties for such delivery
to ensure operation of both solution and gel equipment.

 

ELEVENTH. Indemnity.

 

11.01 Indemnification by Seller.
Subject to the terms and conditions of this Agreement, from and after the Closing Date, Seller agrees to indemnify and hold Buyer,
its Affiliates, and their respective officers, directors, employees, shareholders, partners, and members (the “Buyer Indemnitees”)
harmless against any and all damages, losses, shortages, liabilities, payments, obligations, penalties, claims, litigation, demands,
defenses, judgments, suits, proceedings, costs, disbursements or expenses (including without limitation, reasonable attorneys’
fees) of any kind or nature whatsoever (collectively the “Damages”), directly or indirectly resulting from,
relating to, or arising out of:

 

(a)       any
material breach of any representation of the Seller in this Agreement or in any certificate or instrument delivered hereunder;
and/or

 

(b)       the
non-performance, partial or total, of any covenant or agreement of Seller contained in this Agreement.

 

11.02 Indemnification by Buyer.
Subject to the terms and conditions of this Agreement, from and after the Closing Date, Buyer agrees to indemnify and hold Seller,
its Affiliates, and their respective officers, directors, employees, shareholders, partners, and members (the “Seller’s
Indemnitees”) harmless from, any and all Damages directly or indirectly resulting from, relating to, or arising out of:

 

(a)       any
material breach of any representation of the Buyer in this Agreement or in any certificate or instrument delivered hereunder; and/or

 

(b)       the
non-performance, partial or total, of any covenant or agreement of Buyer contained in this Agreement.

 

11.03 Claims for Indemnification.
Whenever any claim arises for indemnification hereunder, the indemnified party (the “Indemnitee”) shall notify
the indemnifying party (the “Indemnitor”) in writing by registered or certified mail promptly after the Indemnitee
has actual knowledge of the facts constituting the basis for such claim (the “Notice of Claim”). Such notice
shall specify all material facts known to the Indemnitee giving rise to such indemnification right, and to the extent practicable,
the amount or an estimate of the amount of the liability arising therefrom. The failure of any Indemnitee to promptly notify the
Indemnitor shall not relieve the Indemnitor of its obligation to indemnify with respect to such action and shall not relieve the
Indemnitor of any other liability which it may have to any Indemnitee unless such failure to notify the Indemnitor prejudices the
rights of the Indemnitor.

 

11.04 Right to Defend. If the facts
giving rise to any such claim for indemnification involve any actual or threatened claim or demand by any Third Party against the
Indemnitee, the Indemnitor shall be entitled (without prejudice to the right of the Indemnitee to participate in the defense of
such claim or demand at its expense through counsel of its own choosing) to assume the defense of such claim or demand in the name
of the Indemnitee at the Indemnitor’s expense and through counsel of its own choosing, which counsel shall be reasonably
satisfactory to the Indemnitee, if it gives written notice to the Indemnitee within forty-five (45) calendar days after receipt
of the Notice of Claim that the Indemnitor intends to assume the defense of such claim and acknowledges its liability to indemnify
the Indemnitee for any losses resulting from such claim; provided, however, that if the Indemnitor does not elect to assume the
defense of any claim, then (a) the Indemnitor shall have the right to participate in the defense of such claim or demand at its
expense through counsel of its own choosing, provided the Indemnitee shall control the defense of such claim, (b) the Indemnitee
may settle any such claim without the consent of the Indemnitor, however, the Indemnitor may not settle any such claim without
the prior written consent of the Indemnitee. Whether or not the Indemnitor does choose to so defend such claim, the Parties shall
cooperate in the defense thereof and shall furnish such records, information and testimony and attend such conferences, discovery
proceedings, hearings, trials and appeals as may be requested in connection therewith.

 

 

 

    	 	9	 

     

    

 

11.05 Settlement. Except as provided
in Subsection 11.04 above, (i) the Indemnitee shall make no settlement of any claim that would give rise to liability on the part
of the Indemnitor under an indemnity contained in this Clause Twelve without the written consent of the Indemnitor, which consent
shall not be unreasonably withheld and (ii) the Indemnitor can settle without the consent of the Indemnitee only if the settlement
involves only the payment of money for which the Indemnitor will be fully liable and has the capacity to pay. No other settlement
of any claim may be made without the consent of both the Indemnitee and Indemnitor, which consent shall not be unreasonably withheld.

 

11.06 Claim Reduction. Any claim
for indemnification under this Clause Eleventh shall be reduced to the extent of any Third Party insurance (excluding any deductibles
or arrangements in the nature of a financing) or condemnation payment actually received by the Indemnitee.

 

11.07 No Third Party Beneficiaries.
The foregoing indemnification is given solely for the purpose of protecting the Parties and shall not be deemed extended to, or
interpreted in a manner to confer any benefit, right or cause of action upon, any other Person.

 

11.08 Limitations. Except with respect
to Damages arising from or relating to (i) fraud, willful misrepresentation or intentional breach from and after the Closing, the
sole and exclusive remedy of the Buyer and the Buyer Indemnitees against Seller for any and all Damages under this Agreement will
be capped at an amount equal to $500,000. Subject to the preceding sentence, Seller will not be liable for any Damages for which
indemnity is claimed under Subsection 11.01, except to the extent the aggregate Damages therefrom exceed $5,000.00 in a single
occurrence or $20,000.00 in the aggregate (the “Deductible”), in which case Seller will be liable to Buyer for
all such Damages in excess of the Deductible.

 

11.09 Investigation or Knowledge.
Notwithstanding anything to the contrary herein, the right of any Party hereto to indemnification, payment of Damages or other
remedies will not be affected in any way by any investigation conducted or knowledge (whether actual, constructive or imputed)
acquired at any time by such Party with respect to the accuracy or inaccuracy of or compliance with or performance of, any representation,
warranty, covenant, agreement or obligation or by the waiver of any condition.

 

11.10 Materiality. Notwithstanding
anything to the contrary herein, for the sole purpose of determining the amount of any Damages (as opposed to whether a breach
has occurred), each representation and warranty herein will be deemed made without any qualifications or limitations as to materiality
and, without limiting the foregoing, the word “material” and words of similar import will be deemed deleted from any
such representation or warranty.

 

TWELVTH. Further Assurances.
Seller shall, at any time or from time to time after the Closing Date, at the request of Buyer and sole cost and expense of Seller,
execute and deliver to the other Party all such instruments and documents or further assurances as the other Party may reasonably
request in order to vest in Buyer all of Sellers’ right, title and interest in and to the Assets as contemplated hereby.

 

THIRTEENTH. Non-competition and non-solicitation.
Both Parties shall undertake not to engage in any activity or countries (i) in case of Buyer, outside the Territories and in those
activities related to the Exploitation of Products, and (ii) in case of Sellers, within the Territories and in those activities
related to the Exploitation of Products; including as a shareholder, sole entrepreneur, partner, employee, corporate officer, director,
consultant, manager of any form of company, or through any Third Party, and not to take interest in any business engaged in such
competing activity.

 

Moreover, both Parties shall undertake,
during a 48 (forty eight) month period as of the Closing Date: (i) not to hire, solicit or otherwise engage any employees, officers,
suppliers or clients of the other Party and/or its Affiliates, (ii) in the context of the competing activities, accept orders,
sign contracts or negotiate with any Person who at about the time ceases to be employed by the other Party and/or its Affiliates
is an employee, officer, supplier or client of Sellers and/or its Affiliates, (iii) in any way seek to influence the relationship
between the other Party and/or its Affiliates and respectively its employees, officers, suppliers or clients.

 

 

 

    	 	10	 

     

    

 

FOURTEENTH. Confidentiality.
All Confidential Information provided by one Party (the “Disclosing Party”)
to the other Party (the “Receiving Party”) shall be subject to and treated
in accordance with the terms of this Clause. As used in this Clause, “Confidential Information” means (a) all
information disclosed to the Receiving Party by the Disclosing Party in connection with this Agreement or any Ancillary Agreements,
including all information with respect to the Disclosing Party, and (b) all memoranda, notes, analyses, compilations, studies
and other materials prepared by or for the Receiving Party to the extent containing or reflecting the information in the preceding
Subsection (a), in each case, whether written or oral. Notwithstanding the foregoing, Confidential Information shall not include
information that, in each case as demonstrated by competent written documentation:

 

		(i)	is subject to this Transaction or is related
to the Assets;

 

		(ii)	was already known to the Receiving Party
other than under an obligation of confidentiality, at the time of disclosure by the Disclosing Party;

 

		(iii)	was generally available to the public or
otherwise part of the public domain at the time of its disclosure to the Receiving Party;

 

		(iv)	became generally available to the public
or otherwise part of the public domain after its disclosure to the Receiving Party other than through any act or omission of the
Receiving Party in breach of this Agreement;

 

		(v)	is subsequently disclosed to the Receiving
Party by a Third Party without obligations of confidentiality with respect thereto; or

 

		(vi)	is subsequently independently discovered
or developed by the Receiving Party without the aid, application or use of Confidential Information.

 

FIFTEENTH. Miscellaneous.

 

15.01 Assignment of Rights. This
Agreement shall be binding and to the benefit of the Parties concluding it. Neither this Agreement or any rights, benefits or obligations
hereunder may be assigned by either Party without the prior written Consent granted by the other Party. Except as expressly provided
for in this Agreement, none of the provisions of this Agreement will grant right, interest or action in favor of any Person (other
than the Parties) or will benefit any Person (other than the parties who appear to this Agreement).

 

15.02 Entire Agreement. This Agreement
together with its Exhibits and Ancillary Agreements represents the entire agreement between Sellers and Buyer and, therefore, supersedes
any verbal or written agreement, understandings and negotiations between the Parties, which may have related to the subject matter
hereof prior to the date hereof.

 

15.03 Amendments. Any modification
or amendment to the Clauses of this Agreement will only be effective when the Parties have agreed in advance in writing. The Parties
may not change the terms of this Agreement unless in writing signed by them. Any waiver of any term or condition of this Agreement
shall be effective only if in writing. A waiver of any breach or failure to enforce any of the terms or conditions of this Agreement
shall not in any way affect, limit or waive a Party’s rights hereunder at any time to enforce strict compliance thereafter
with every term or condition of this Agreement.

 

15.04 Severability. The invalidity
or unenforceability of any provision of this Agreement shall not affect other provisions of this Agreement. Every provision shall
be construed and interpreted in all cases as being effective and valid according to the Law. In the event that one or more provisions
of this Agreement become invalid, illegal or unenforceable in any manner, such provision or provisions shall be ineffective only
with respect to invalidity, illegality or unenforceability in question, without implying such invalidity, illegality or unenforceability
of such provision or any other contained in this Agreement, unless such interpretation is not reasonable.

 

15.05 Survival. All representations
and warranties set forth in this Agreement shall survive the Closing Date and the consummation of the Transaction contemplated
hereby and continue in full force and effect until the third anniversary of the Closing Date. Clause Fourteenth shall survive the
Closing Date and the consummation of the Transaction contemplated hereby and continue in full force and effect until the fifth
anniversary of the Closing Date. Clauses Sixth, Seventh, Eighth, Ninth, Tenth, Eleventh, Twelfth, Thirteenth, Fifteenth shall survive
the Closing Date and the consummation of the Transaction contemplated hereby and continue in full force and effect until the tenth
anniversary of the Closing Date.

 

 

 

    	 	11	 

     

    

 

15.06 Press Releases and Announcements.
Prior to the Closing Date, no press releases related to this Agreement and the Transaction contemplated by this Agreement will
be issued without the mutual approval of all Parties.

 

15.07 Force Majeure. A Party shall
not be liable for non-performance or delay in performance (other than obligations regarding confidentiality) caused by any event
reasonably beyond the control of such party including, but not limited to wars, hostilities, revolutions, riots, civil commotion,
national emergency, strikes, lockouts, epidemics, fire, flood, earthquake, force of nature, explosion, embargo, or any other Act
of God, or any law, proclamation, regulation, ordinance, or other act or order of any court, government or governmental agency.

 

15.08 Statutory references. Any
references to any statue, law, regulation, or ordinance shall be deemed to include any amendments thereto from time to time or
any successor statue, law, regulation or ordinance thereof.

 

15.09. Notifications. Any notice
or other communications which are required or permitted hereunder shall be in writing and shall be delivered either personally,
by registered or certified mail (postage prepaid and return receipt requested), or by express courier or delivery service or by
email, addressed as follows:

 

	Seller	Buyer
	 	 
	
        1129 N. McDowell Boulevard, Petaluma, California,
        USA 94954

        Attn. Legal Representative

        Email: [___]

         
	
        21B Shui Wing Industrial Building

        12-22 tai Yuen Street

        Kwai Chung, New territories

        Hong Kong

	
        With a copy to (which shall not constitute
        Notice):

         

        Amy Trombly, Esq.

        Trombly Business Law, PC

        1314 Main St., Suite 102

        Louisville, CO, 80027

        Email: amy@tromblybusinesslaw.com
	 

 

Notices shall be deemed given when received
if hand-delivered, and when delivered and receipted for (or upon the date of attempted delivery where delivery is refused), if
sent by express courier or delivery service, or sent by certified or registered mailor email, or at latest 72 hours after being
sent.

 

15.10 Applicable Law and Jurisdiction.
This Agreement is subject and governed by the laws of California without regard to the conflicts of law provisions. In case of
controversy, dispute or Claim of any kind in connection with this Agreement, the Parties submit explicitly to the jurisdiction
of the competent courts of California, Sonoma County, and waive explicitly the jurisdiction by reason of their present of future
domiciles or for any other reason that may correspond to the current or future circumstances.

 

15.11 Counterparts. This Agreement
may be executed in four counterparts, in original all of which shall be considered one and the same agreement, and all of which
shall become effective when one or more such counterparts have been signed by each of the Parties and delivered to the other Party.

 

15.12 Expenses. Except as otherwise
specifically provided herein, the Parties shall each bear their own legal fees, accounting fees and other costs and expenses with
respect to the negotiation, execution and the delivery of this Agreement and the consummation of the transaction hereunder.

 

15.13 Cost of Litigation. If any
legal action or other proceeding is brought for the enforcement of this Agreement or because of an alleged dispute, breach, default
or misrepresentation in connection with this Agreement or the transactions contemplated hereby, the successful or prevailing Party
or Parties shall be entitled to recover reasonable attorneys’ fees and other costs incurred in connection with such action
or proceeding, in addition to any other relief to which it or they may be entitled.

 

15.14 No Presumption Against Drafter.
The Parties agree understand and agree that (i) this Agreement and the Ancillary Agreements are freely negotiated by both Parties,
and (ii) in any controversy, dispute or contest over the meaning, interpretation, validity or enforceability of this Agreement
or any Ancillary Agreement or any of its or their terms or conditions, there shall be no inference, presumption or conclusion drawn
against either Party by virtue of that Party having drafted this Agreement or any portion thereof.

 

[Signature Page follows.]

 

 

 

    	 	12	 

     

    

 

IN WITNESS WHEREOF, the Parties have executed
this Asset Purchase Agreement as of the Effective Date.

 

Seller

 

/s/ Bubba Sandford_________________________

By: Bubba Sandford, CEO

 

 

Buyer

 

 

/s/ Chris Lee______________________________

By: Chris Lee, Managing Director

 

 

 

 

 

 

 

 

 

 

    	 	13EX-4.1

 Exhibit 4.1 

INDENTURE 
 BETWEEN

 EURONET WORLDWIDE, INC. 

AND 
 U.S. BANK NATIONAL
ASSOCIATION, 
 AS TRUSTEE 

DATED AS OF May 22, 2019 

 TABLE OF CONTENTS 

 

							
	 ARTICLE 1 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	 	1	 
			
	 Section 1.1
	  	Definitions.	  	 	1	 
	 Section 1.2
	  	Incorporation by Reference of Trust Indenture Act.	  	 	9	 
	 Section 1.3
	  	Compliance Certificates and Opinions.	  	 	9	 
	 Section 1.4
	  	Form of Documents Delivered to Trustee.	  	 	10	 
	 Section 1.5
	  	Acts of Holders; Record Dates.	  	 	10	 
	 Section 1.6
	  	Notices, etc., to Trustee and Company.	  	 	12	 
	 Section 1.7
	  	Notice to Holders; Waiver.	  	 	13	 
	 Section 1.8
	  	Conflict with Trust Indenture Act.	  	 	13	 
	 Section 1.9
	  	Effect of Headings and Table of Contents.	  	 	13	 
	 Section 1.10
	  	Successors and Assigns.	  	 	14	 
	 Section 1.11
	  	Separability Clause.	  	 	14	 
	 Section 1.12
	  	Benefits of Indenture.	  	 	14	 
	 Section 1.13
	  	Governing Law.	  	 	14	 
	 Section 1.14
	  	Legal Holidays.	  	 	14	 
	 Section 1.15
	  	Indenture and Securities Solely Corporate Obligations.	  	 	14	 
	 Section 1.16
	  	Indenture May be Executed in Counterparts.	  	 	15	 
		
	ARTICLE 2 SECURITY FORMS	  	 	15	 
			
	 Section 2.1
	  	Forms Generally.	  	 	15	 
	 Section 2.2
	  	Form of Trustee’s Certificate of Authentication.	  	 	16	 
	 Section 2.3
	  	Form of Legend for Global Securities.	  	 	16	 
		
	ARTICLE 3 THE SECURITIES	  	 	16	 
			
	 Section 3.1
	  	Amount Unlimited; Issuable in Series.	  	 	16	 
	 Section 3.2
	  	Denominations.	  	 	20	 
	 Section 3.3
	  	Execution, Authentication, Delivery and Dating.	  	 	20	 
	 Section 3.4
	  	Temporary Securities.	  	 	22	 
	 Section 3.5
	  	Registration; Registration of Transfer and Exchange.	  	 	22	 
	 Section 3.6
	  	Mutilated, Destroyed, Lost and Stolen Securities.	  	 	24	 
	 Section 3.7
	  	Payment of Interest; Interest Rights Preserved.	  	 	25	 
	 Section 3.8
	  	Persons Deemed Owners.	  	 	26	 
	 Section 3.9
	  	Cancellation.	  	 	26	 
	 Section 3.10
	  	Computation of Interest.	  	 	27	 
		
	ARTICLE 4 SATISFACTION AND DISCHARGE	  	 	27	 
			
	 Section 4.1
	  	Satisfaction and Discharge of Indenture.	  	 	27	 
	 Section 4.2
	  	Application of Trust Money.	  	 	28	 
	 Section 4.3
	  	Reinstatement.	  	 	28	 
		
	ARTICLE 5 REMEDIES	  	 	29	 
			
	 Section 5.1
	  	Events of Default.	  	 	29	 
	 Section 5.2
	  	Acceleration of Maturity; Rescission and Annulment.	  	 	30	 

							
	 Section 5.3
	  	Collection of Indebtedness and Suits for Enforcement by Trustee.	  	 	32	 
	 Section 5.4
	  	Trustee May File Proofs of Claim.	  	 	32	 
	 Section 5.5
	  	Trustee May Enforce Claims Without Possession of Securities.	  	 	33	 
	 Section 5.6
	  	Application of Money Collected.	  	 	33	 
	 Section 5.7
	  	Limitation on Suits.	  	 	34	 
	 Section 5.8
	  	Right of Holders to Receive Principal, Premium and Interest.	  	 	34	 
	 Section 5.9
	  	Restoration of Rights and Remedies.	  	 	34	 
	 Section 5.10
	  	Rights and Remedies Cumulative.	  	 	35	 
	 Section 5.11
	  	Delay or Omission Not Waiver.	  	 	35	 
	 Section 5.12
	  	Control by Holders.	  	 	35	 
	 Section 5.13
	  	Waiver of Past Defaults.	  	 	35	 
	 Section 5.14
	  	Undertaking for Costs.	  	 	36	 
		
	ARTICLE 6 THE TRUSTEE	  	 	36	 
			
	 Section 6.1
	  	Certain Duties and Responsibilities.	  	 	36	 
	 Section 6.2
	  	Notice of Defaults.	  	 	38	 
	 Section 6.3
	  	Certain Rights of Trustee.	  	 	38	 
	 Section 6.4
	  	Not Responsible for Recitals or Issuance of Securities.	  	 	39	 
	 Section 6.5
	  	May Hold Securities and Act as Trustee under Other Indentures.	  	 	39	 
	 Section 6.6
	  	Money Held in Trust.	  	 	40	 
	 Section 6.7
	  	Compensation and Reimbursement.	  	 	40	 
	 Section 6.8
	  	Conflicting Interests.	  	 	41	 
	 Section 6.9
	  	Eligibility; Disqualification.	  	 	41	 
	 Section 6.10
	  	Resignation and Removal; Appointment of Successor.	  	 	41	 
	 Section 6.11
	  	Acceptance of Appointment by Successor.	  	 	43	 
	 Section 6.12
	  	Merger, Conversion, Consolidation or Succession to Business.	  	 	44	 
	 Section 6.13
	  	Preferential Collection of Claims Against Company.	  	 	44	 
	 Section 6.14
	  	Appointment of Authenticating Agent.	  	 	44	 
		
	ARTICLE 7 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	  	 	46	 
			
	 Section 7.1
	  	Company to Furnish Trustee Names and Addresses of Holders.	  	 	46	 
	 Section 7.2
	  	Preservation of Information; Communications to Holders.	  	 	46	 
	 Section 7.3
	  	Reports by Trustee.	  	 	47	 
	 Section 7.4
	  	Reports by Company.	  	 	47	 
		
	ARTICLE 8 CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE	  	 	47	 
			
	 Section 8.1
	  	Company May Consolidate, etc., Only on Certain Terms.	  	 	47	 
	 Section 8.2
	  	Successor Substituted.	  	 	48	 
		
	ARTICLE 9 SUPPLEMENTAL INDENTURES	  	 	48	 
			
	 Section 9.1
	  	Supplemental Indentures Without Consent of Holders.	  	 	48	 
	 Section 9.2
	  	Supplemental Indentures with Consent of Holders.	  	 	50	 
	 Section 9.3
	  	Execution of Supplemental Indentures.	  	 	51	 
	 Section 9.4
	  	Effect of Supplemental Indentures.	  	 	51	 
	 Section 9.5
	  	Conformity with Trust Indenture Act.	  	 	51	 

  
 ii 

							
	 Section 9.6
	  	Reference in Securities to Supplemental Indentures.	  	 	51	 
		
	ARTICLE 10 COVENANTS	  	 	52	 
			
	 Section 10.1
	  	Payment of Principal, Premium and Interest.	  	 	52	 
	 Section 10.2
	  	Maintenance of Office or Agency.	  	 	52	 
	 Section 10.3
	  	Money for Securities Payments to be Held in Trust.	  	 	52	 
	 Section 10.4
	  	Statement by Officers as to Default.	  	 	53	 
	 Section 10.5
	  	Existence.	  	 	54	 
	 Section 10.6
	  	Waiver of Certain Covenants.	  	 	54	 
	 Section 10.7
	  	Additional Amounts.	  	 	54	 
		
	ARTICLE 11 REDEMPTION OF SECURITIES	  	 	54	 
			
	 Section 11.1
	  	Applicability of Article.	  	 	54	 
	 Section 11.2
	  	Election to Redeem; Notice to Trustee.	  	 	55	 
	 Section 11.3
	  	Selection by Trustee of Securities to Be Redeemed.	  	 	55	 
	 Section 11.4
	  	Notice of Redemption.	  	 	56	 
	 Section 11.5
	  	Deposit of Redemption Price.	  	 	57	 
	 Section 11.6
	  	Securities Payable on Redemption Date.	  	 	57	 
	 Section 11.7
	  	Securities Redeemed in Part.	  	 	57	 
		
	ARTICLE 12 SINKING FUNDS	  	 	58	 
			
	 Section 12.1
	  	Applicability of Article.	  	 	58	 
	 Section 12.2
	  	Satisfaction of Sinking Fund Payments with Securities.	  	 	58	 
	 Section 12.3
	  	Redemption of Securities for Sinking Fund.	  	 	58	 
		
	ARTICLE 13 DEFEASANCE AND COVENANT DEFEASANCE	  	 	59	 
			
	 Section 13.1
	  	Company’s Option to Effect Defeasance or Covenant Defeasance.	  	 	59	 
	 Section 13.2
	  	Defeasance and Discharge.	  	 	59	 
	 Section 13.3
	  	Covenant Defeasance.	  	 	60	 
	 Section 13.4
	  	Conditions to Defeasance or Covenant Defeasance.	  	 	60	 
	 Section 13.5
	  	Deposited Money, U. S. Government Obligations and Foreign Government Obligations to be Held in Trust; Miscellaneous Provisions.	  	 	62	 
	 Section 13.6
	  	Reinstatement.	  	 	63	 

  
 iii 

 EURONET WORLDWIDE, INC. 

This Cross Reference Sheet shows the location in the Indenture of the provisions inserted pursuant to Sections 310 through 318, inclusive, of the Trust
Indenture Act of 1939: 
  

							
	Section 310	 	(a) (1)	  	 	6.9	 
		 	(a) (2)	  	 	6.9	 
		 	(a) (3)	  	 	Not Applicable	 
		 	(a) (4)	  	 	Not Applicable	 
		 	(a) (5)	  	 	6.9	 
		 	(b)	  	 	6.8, 6.10	 
		 	(c)	  	 	Not Applicable	 
	Section 311	 	(a)	  	 	6.13	 
		 	(b)	  	 	6.13	 
	Section 312	 	(a)	  	 	7.1, 7.2	 
		 	(b)	  	 	7.2	 
		 	(c)	  	 	7.2	 
	Section 313	 	(a)	  	 	7.3	 
		 	(b)	  	 	7.3	 
		 	(c)	  	 	7.3	 
		 	(d)	  	 	7.3	 
	Section 314	 	(a) (1)	  	 	7.4	 
		 	(a) (2)	  	 	7.4	 
		 	(a) (3)	  	 	7.4	 
		 	(a) (4)	  	 	1.1, 10.4	 
		 	(b)	  	 	Not Applicable	 
		 	(c) (1)	  	 	1.3	 
		 	(c) (2)	  	 	1.3	 
		 	(c) (3)	  	 	Not Applicable	 
		 	(d)	  	 	Not Applicable	 
		 	(e)	  	 	1.3	 
	Section 315	 	(a)	  	 	6.1	 
		 	(b)	  	 	6.2	 
		 	(c)	  	 	6.1	 
		 	(d)	  	 	6.1	 
		 	(e)	  	 	5.14	 
	Section 316	 	(a)	  	 	1.1	 
		 	(a) (1) (A)	  	 	5.2, 5.12	 
		 	(a) (1) (B)	  	 	5.13	 
		 	(a) (2)	  	 	Not Applicable	 
		 	(b)	  	 	5.8	 
		 	(c)	  	 	1.5	 
	Section 317	 	(a) (1)	  	 	5.3	 
		 	(a) (2)	  	 	5.4	 
		 	(b)	  	 	10.3	 
	Section 318	 	(a)	  	 	1.8	 

 NOTE: This Cross Reference Sheet is not part of the Indenture. 

  
 iv 

 INDENTURE, dated as of May 22, 2019, between EURONET WORLDWIDE, INC., a corporation
duly organized and existing under the laws of the State of Delaware (the “Company”), having its principal office at 3500 College Boulevard, Leawood, KS 66211, and U.S. BANK NATIONAL ASSOCIATION, as trustee (the “Trustee”), the
office of the Trustee at which at the date hereof its corporate trust business is administered being One U.S. Bank Plaza St. Louis, 505 N 7th St., Saint Louis, MO 63101. 

RECITALS 
 The Company has
duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its debentures, notes or other evidences of indebtedness (the “Securities”), to be issued in one or more series as herein
provided. 
 This Indenture is subject to the provisions of the Trust Indenture Act and the rules and regulations of the Commission
promulgated thereunder that are required to be part of this Indenture and, to the extent applicable, shall be governed by such provisions. 

All things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done. 

NOW, THEREFORE, for and in consideration of the premises and the purchase of the Securities by the Holders thereof, each party agrees for the
benefit of the other party and for the equal and proportionate benefit of all Holders of the Securities, or of series thereof, issued under this Indenture, as follows: 

ARTICLE 1 
 DEFINITIONS
AND OTHER PROVISIONS OF GENERAL APPLICATION 
 Section 1.1    Definitions. 

For all purposes of this Indenture, except as otherwise expressly provided (including in any indenture supplemental hereto) or unless the
context otherwise requires: 
 (1)    the terms defined in this Article have the meanings assigned to them in this
Article and include the plural as well as the singular; 
 (2)    all other terms used herein which are defined in the
Trust Indenture Act, either directly or by reference therein, have the meanings assigned to them therein; 
 (3)    all
accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles in the United States of America, and, except as otherwise herein expressly provided, the term
“generally accepted accounting principles” with respect to any computation required or permitted hereunder shall mean such accounting principles in the United States of America as are generally accepted at the date of such computation;

 (4)    “or” is not exclusive; 

 (5)    all references to “$” refer to the lawful currency of
the United States of America; 
 (6)    unless the context otherwise requires, any reference to an “Article”
or a “Section” refers to an Article or a Section, as the case may be, of this Indenture; and 
 (7)    the
words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. 

“Act,” when used with respect to any Holder, has the meaning specified in Section 1.5. 

“Additional Amounts” means any additional amounts that are required by the express terms of a Security or by or pursuant to a Board
Resolution, under circumstances specified therein or pursuant thereto, to be paid by the Company with respect to certain taxes, assessments or other governmental charges imposed on certain Holders and that are owing to such Holders. 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or
indirect common control with such specified Person. 
 “ATM” means automated teller machines or other similar devices capable of
dispensing cash (and, in some cases, offering other transactions) that are owned, leased, operated or serviced by the Company or any of its consolidated Subsidiaries. 

“ATM Cash Supply Arrangements” means “vault cash” supply arrangements, banknote leasing arrangements, ATM sponsorship
arrangements and other similar arrangements pursuant to which banks or other financial institutions provide to the Company and its consolidated Subsidiaries electronic or physical currency to fill ATMs and such electronic or physical currency is
segregated from any other cash of the Company and its consolidated Subsidiaries. 
 “ATM Cash Supply Obligations” means
obligations arising out of ATM Cash Supply Arrangements consistent with past practice, and loans and lines of credit serving the same purpose. 

“Authenticating Agent” means any Person authorized by the Trustee pursuant to Section 6.14 to act on behalf of the Trustee to
authenticate Securities of one or more series. 
 “Board” or “Board of Directors” means either the board of directors of
the Company or any duly authorized committee thereof empowered to act for the Board with respect to this Indenture. 
 “Board
Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered
to the Trustee. 

  
 2 

 “Business Day,” when used with respect to any Place of Payment, means each Monday,
Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place of Payment are authorized or obligated by law or executive order to close. 

“Commission” means the Securities and Exchange Commission, from time to time constituted, created under the Exchange Act, or, if at
any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time. 

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

“Company Request” or “Company Order” means, respectively, a written request or order signed in the name of the Company by
its Chairman of the Board, its Vice Chairman of the Board, its Chief Executive Officer, its President or a Vice President, and by its principal financial officer, its Controller, an Assistant Controller, its Treasurer, an Assistant Treasurer, its
Secretary or an Assistant Secretary, and delivered to the Trustee. 
 “control” when used with respect to any specified Person
means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have
meanings correlative to the foregoing. 
 “Corporate Trust Office” means the corporate trust office of the Trustee at U.S. Bank
Global Corporate Trust, One U.S. Bank Plaza St. Louis, 505 N 7th St., Saint Louis, MO 63101, SL-MO-T3CT, Attention:
Corporate Trust Administration, or such other office, designated by the Trustee by written notice to the Company, at which at any particular time its corporate trust business shall be administered. 

“corporation” means a corporation, association, company, joint-stock company or business trust. 

“Covenant Defeasance” has the meaning specified in Section 13.3. 

“default” means, with respect to the Securities of any series, any event, act or condition that is, or after notice or the passage
of time or both would be, an Event of Default with respect to Securities of such series. 
 “Defaulted Interest” has the meaning
specified in Section 3.7. 
 “Defeasance” has the meaning specified in Section 13.2. 

“Depositary” means, with respect to Securities of any series issuable in whole or in part in the form of one or more Global
Securities, the Person designated to act as Depositary for such Securities as contemplated by Section 3.1. 

  
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 “euro” or “euros” means the currency adopted by those nations
participating in the third stage of the economic and monetary union provisions of the Treaty on European Union, signed at Maastricht on February 7, 1992. 

“European Economic Area” means the member nations of the European Economic Area pursuant to the Oporto Agreement on the European
Economic Area dated May 2, 1992, as amended. 
 “European Union” means the member nations of the European Union established
by the Treaty of European Union, signed at Maastricht on February 7, 1992, which amended the Treaty of Rome establishing the European Community. 

“Event of Default” has the meaning specified in Section 5.1. 

“Exchange Act” means the Securities Exchange Act of 1934 and any statute successor thereto, in each case as amended from time to
time. 
 “Expiration Date” has the meaning specified in Section 1.5. 

“Foreign Government Obligation” means with respect to Securities of any series which are not denominated in the currency of the
United States of America (x) any security which is (i) a direct obligation of the government which issued or caused to be issued the currency in which such security is denominated and for the payment of which obligations its full faith and
credit is pledged or, with respect to Securities of any series which are denominated in euros, a direct obligation of any member nation of the European Union for the payment of which obligation the full faith and credit of the respective nation is
pledged so long as such nation has a credit rating at least equal to that of the highest rated member nation of the European Economic Area, or (ii) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality
of a government specified in clause (i) above the payment of which is unconditionally guaranteed as a full faith and credit obligation by the such government, which, in either case (i) or (ii), is not callable or redeemable at the option
of the issuer thereof, and (y) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any Foreign Government Obligation which is specified in clause (x) above and
held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of principal of or interest on any Foreign Government Obligation which is so specified and held, 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 depositary receipt from any amount received by the custodian in respect of the Foreign Government Obligation or the specific payment of
principal or interest evidenced by such depositary receipt. 
 “Global Security” means, with respect to any series of Securities,
a Security executed by the Company and delivered by the Trustee to the Depositary or held by the Trustee as custodian for the Depositary pursuant to a safekeeping agreement with the Depositary, all in accordance with this Indenture, which shall be
registered in global form without interest coupons in the name of the Depositary or its nominee. 
 “Holder” means a Person in
whose name a Security is registered in the Security Register. 

  
 4 

 “Indebtedness” means any indebtedness (whether being principal, premium, interest
or other amounts) for or in respect of any notes, bonds, debentures or other instruments for money borrowed or any borrowed money or any liability under or in respect of any banker’s acceptance (other than a daylight overdraft); provided,
however, that Indebtedness does not include ATM Cash Supply Obligations. 
 “Indenture” means this instrument as originally
executed and as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument and any such supplemental
indenture, the provisions of the Trust Indenture Act that are deemed to be a part of and govern this instrument and any such supplemental indenture, respectively. The term “Indenture” shall also include the terms of particular series of
Securities established as contemplated by Section 3.1; provided, however, that if at any time more than one Person is acting as Trustee under this Indenture due to the appointment of one or more separate Trustees for any one or more separate
series of Securities, “Indenture” shall mean, with respect to such series of Securities for which any such Person is Trustee, this instrument as originally executed or as it may from time to time be supplemented or amended by one or more
indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of particular series of Securities for which such Person is Trustee established as contemplated by Section 3.1, exclusive,
however, of any provisions or terms which relate solely to other series of Securities for which such Person is not Trustee, regardless of when such terms or provisions were adopted, and exclusive of any provisions or terms adopted by means of one or
more indentures supplemental hereto executed and delivered after such Person had become such Trustee, but to which such person, as such Trustee, was not a party; provided, further that in the event that this Indenture is supplemented or amended by
one or more indentures supplemental hereto which are only applicable to certain series of Securities, the term “Indenture” for a particular series of Securities shall only include the supplemental indentures applicable thereto. 

“interest,” when used with respect to an Original Issue Discount Security, which by its terms bears interest only at Maturity, means
interest payable at Maturity. 
 “Interest Payment Date,” when used with respect to any Security, means the Stated Maturity of an
installment of interest on such Security. 
 “Investment Company Act” means the Investment Company Act of 1940 and any statute
successor thereto, in each case as amended from time to time. 
 “Judgment Currency” has the meaning specified in
Section 5.6. 
 “Maturity,” when used with respect to any Security, means the date on which the principal of such Security or
an installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, repurchase at the option of the Holder, upon redemption or otherwise. 

“Notice of Default” means a written notice of the kind specified in Section 5.1(4). 

“Officers’ Certificate” means a certificate signed by the Chairman of the Board, a Vice Chairman of the Board, the Chief
Executive Officer, the President or a Vice President, and by 

  
 5 

 
the principal financial officer, the Treasurer, the Controller, an Assistant Treasurer, an Assistant Controller, the Secretary or an Assistant Secretary, of the Company and delivered to the
Trustee. One of the officers signing an Officers’ Certificate given pursuant to Section 10.4 shall be the principal executive, financial or accounting officer of the Company. 

“Opinion of Counsel” means a written opinion of legal counsel, who may be, without limitation, (a) an employee of the Company,
or (b) outside counsel designated by the Company, rendered, if applicable, in accordance with Section 314(c) of the Trust Indenture Act. 

“Original Issue Discount Security” means any Security that provides for an amount less than the principal amount thereof to be due
and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.2. 
 “Outstanding,” when used
with respect to Securities, means, as of the date of determination, all Securities theretofore authenticated and delivered under this Indenture, except: 

(1)    Securities theretofore canceled by the Trustee or delivered to the Trustee for cancellation; 

(2)    Securities for whose payment or redemption money in the necessary amount has been theretofore deposited with the
Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Securities; provided that, if such Securities are to be
redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 

(3)    Securities as to which Defeasance has been effected pursuant to Section 13.2; and 

(4)    Securities which have been paid pursuant to Section 3.6 or in exchange for or in lieu of which other
Securities have been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a protected
purchaser in whose hands such Securities are valid obligations of the Company; 
 provided, however, that unless otherwise provided with respect to any
Securities of any series pursuant to Section 3.1, in determining whether the Holders of the requisite principal amount of the Securities Outstanding have given, made or taken any request, demand, authorization, direction, notice, consent,
waiver or other action hereunder as of any date, (A) the principal amount of an Original Issue Discount Security which shall be deemed to be Outstanding shall be the amount of the principal thereof which would be due and payable as of such date
upon acceleration of the Maturity thereof to such date pursuant to Section 5.2, (B) if, as of such date, the principal amount payable at the Stated Maturity of a Security is not determinable, the principal amount of such Security which shall be
deemed to be Outstanding shall be the amount as specified or determined as contemplated by Section 3.1, (C) the principal amount of a Security denominated in one or more non-U.S. dollar currencies or
currency units which shall be deemed to be Outstanding shall be the U.S. dollar equivalent, determined as of such date in the manner provided as contemplated by Section 3.1, of the principal amount of such Security (or, in the

  
 6 

 
case of a Security described in clause (A) or (B) above, of the amount determined as provided in such clause), and (D) Securities owned by the Company or any other obligor upon the
Securities or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization,
direction, notice, consent, waiver or other action, only Securities which a Responsible Officer of the Trustee knows to be so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding if
the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company or of such
other obligor. 
 “Paying Agent” means any Person authorized by the Company to pay the principal of or any premium or interest on
any Securities on behalf of the Company. 
 “Person” means any individual, corporation, limited liability company, partnership,
joint venture, trust, unincorporated organization or government or any agency or political subdivision thereof or other entity of any kind. 

“Place of Payment,” when used with respect to the Securities of any series, means the place or places where the principal of and any
premium and interest on the Securities of that series are payable as specified as contemplated by Section 3.1 and 10.2. 

“Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same debt as that
evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.6 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to
evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
 “Prospectus” means the prospectus (including any
prospectus supplement) used with respect to the offer and sale of the Securities of any series. 
 “Record Date” means any Regular
Record Date or Special Record Date. 
 “Redemption Date,” when used with respect to any Security to be redeemed, means the date
fixed for such redemption by or pursuant to the terms of such Security and this Indenture. 
 “Redemption Price,” when used with
respect to any Security to be redeemed, means the price at which it is to be redeemed pursuant to the terms of such Security and this Indenture. 

“Regular Record Date” for the interest payable on any Interest Payment Date on the Securities of any series means the date specified
for that purpose as contemplated by Section 3.1. 
 “Required Currency” has the meaning specified in Section 5.6. 

“Responsible Officer” means, when used with respect to the Trustee, an officer of the Trustee in the Corporate Trust Office having
direct responsibility for the administration of this Indenture or to whom this matter is referred because of his or her knowledge of and familiarity with the particular subject. 

  
 7 

 “Securities” has the meaning stated in the first recital of this Indenture and
more particularly means any Securities authenticated and delivered under this Indenture. 
 “Securities Act” means the Securities
Act of 1933 and any statute successor thereto, in each case as amended from time to time. 
 “Security Register” and
“Security Registrar” have the respective meanings specified in Section 3.5. 
 “Significant Subsidiary” with
respect to any Person, means any Subsidiary of such Person that satisfies the criteria for a “significant subsidiary” set forth in Rule 1-02(w) of Regulation
S-X under the Exchange Act. 
 “Special Record Date” for the payment of any Defaulted
Interest means a date fixed by the Trustee pursuant to Section 3.7. 
 “Stated Maturity,” when used with respect to any
Security or any installment of principal thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable. 

“Subsidiary” means a Person of which at least a majority of the outstanding voting stock having the power to elect a majority of the
board of directors of such Person (in the case of a corporation) is, or of which at least a majority of the equity interests (in the case of a Person which is not a corporation) are, at the time owned, directly or indirectly, by the Company or by
one or more other Subsidiaries, or by the Company and one or more other Subsidiaries. For the purposes of this definition, “voting stock” means stock or similar interests to the Company which ordinarily has or have voting power for the
election of directors, or persons performing similar functions, whether at all times or only so long as no senior class of stock or other interests has or have such voting power by reason of any contingency. 

“Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed;
provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such amendment, the Trust Indenture Act of 1939 as so amended. 

“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. 

“U.S. Government Obligation” means (x) any security which is (i) a direct obligation of the United States of America for
the payment of which the full faith and credit of the United States of America is pledged or (ii) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America the payment of
which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case (i) or (ii), is not callable or redeemable at the option of the issuer thereof,

  
 8 

 
and (y) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any U.S. Government Obligation which is specified in
clause (x) above and held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of principal of or interest on any U.S. Government Obligation which is so specified and held, 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 depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the
specific payment of principal or interest evidenced by such depositary receipt. 
 Section 1.2    Incorporation by
Reference of Trust Indenture Act. 
 Whenever this Indenture refers to a provision of the Trust Indenture Act, the provision is incorporated
by reference in and made a part of this Indenture. The following Trust Indenture Act terms used in this Indenture have the following meanings: 

“indenture securities” means the Securities. 

“indenture security holder” means a Holder. 

“indenture to be qualified” means this Indenture. 

“indenture trustee” or “institutional trustee” means the Trustee. 

“obligor” on the indenture securities means the Company or any other obligor on the Securities. 

Section 1.3    Compliance Certificates and Opinions. 

Except as otherwise expressly provided by this Indenture, upon any application or request by the Company to the Trustee to take any action
under any provision of this Indenture, the Company shall furnish to the Trustee such certificates and opinions as may be required under the Trust Indenture Act. Each such certificate or opinion shall be given in the form of an Officers’
Certificate, if to be given by an officer of the Company, or an Opinion of Counsel, if to be given by counsel, and shall comply with the requirements of the Trust Indenture Act and any other requirements set forth in this Indenture. 

Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than pursuant to
Section 10.4) shall include, 
 (1)    a statement that each Person signing such certificate or opinion has read
such covenant or condition and the definitions herein relating thereto; 
 (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; 

  
 9 

 (3)    a statement that, in the opinion of each such Person, such Person
has made such examination or investigation as is necessary to enable such Person to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(4)    a statement as to whether, in the opinion of each such Person, such condition or covenant has been complied with.

 Section 1.4    Form of Documents Delivered to Trustee. 

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. 
 Any
certificate 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 or opinion is based are erroneous. Any such certificate or opinion of counsel may be based, insofar as it relates to factual matters,
upon a certificate 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 or opinion or representations with respect to such matters are erroneous. 
 Any such
certificate or opinion of an officer of the Company or of counsel 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 employed or retained by the
Company, 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 or
opinion are based are erroneous. 
 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 1.5    Acts of Holders; Record Dates. 

Any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given,
made or taken by Holders of the Securities Outstanding of all series or one or more series, as the case may be, may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an
agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. The
Trustee shall promptly deliver to the Company copies of any such instrument or instruments delivered to the Trustee. Such instrument or instruments (and the action embodied therein and evidenced 

  
 10 

 
thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any
such agent shall be sufficient for any purpose of this Indenture and (subject to Section 6.1) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. 

The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such
execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him or her the execution thereof. Where such
execution is by a signer acting in a capacity other than his or her individual capacity, such certificate or affidavit shall also constitute sufficient proof of his or her authority. The fact and date of the execution of any such instrument or
writing, or the authority of the Person executing the same, may also be proved in any other manner that the Trustee deems sufficient. 
 The
ownership of Securities shall be proved by the Security Register. 
 Any request, demand, authorization, direction, notice, consent, waiver
or other Act of the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done,
omitted or suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Security. 

The Company may set any day as a record date for the purpose of determining the Holders of Securities Outstanding of any series entitled to
give, make or take any request, demand, authorization, direction, vote, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or taken by Holders of Securities of such series, provided that the Company may
not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving or making of any notice, declaration, request or direction referred to in the next paragraph. If any record date is set pursuant to this
paragraph, the Holders of Securities Outstanding of the relevant series on such record date, and no other Holders, shall be entitled to take the relevant action, whether or not such Holders remain Holders after such record date; provided that no
such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Securities Outstanding of such series on such record date. Nothing in this paragraph shall be
construed to prevent the Company from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person
be canceled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Securities Outstanding of the relevant series on the date such action is taken.
Promptly after any record date is set pursuant to this paragraph, the Company, at its own expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Trustee in writing and to
each Holder of Securities of the relevant series in the manner set forth in Section 1.7. 
 The Trustee may set any day as a record
date for the purpose of determining the Holders of Securities Outstanding of any series entitled to join in the giving or making of (i) any Notice of Default, (ii) any declaration of acceleration referred to in Section 5.2, (iii) any
request to 

  
 11 

 
institute proceedings referred to in Section 5.7(2) or (iv) any direction referred to in Section 5.12, in each case with respect to Securities of such series. If any record date is
set pursuant to this paragraph, the Holders of Securities Outstanding of such series on such record date, and no other Holders, shall be entitled to join in such notice, declaration, request or direction, whether or not such Holders remain Holders
after such record date; provided that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Securities Outstanding of such series on such record date.
Nothing in this paragraph shall be construed to prevent the Trustee from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall
automatically and with no action by any Person be canceled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Securities Outstanding of the
relevant series on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the Trustee, at the Company’s expense, shall cause notice of such record date, the proposed action by Holders and the applicable
Expiration Date to be given to the Company in writing and to each Holder of Securities of the relevant series in the manner set forth in Section 1.8. 

With respect to any record date set pursuant to this Section, the party hereto which sets such record dates may designate any day as the
“Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice of the proposed new Expiration Date is given to the other party hereto in
writing, and to each Holder of Securities of the relevant series in the manner set forth in Section 1.7, on or prior to the existing Expiration Date. If an Expiration Date is not designated with respect to any record date set pursuant to this
Section, the party hereto which set such record date shall be deemed to have initially designated the 180th day after such record date as the Expiration Date with respect thereto, subject to its right to change the Expiration Date as provided in
this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day after the applicable record date. 

Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to any particular Security may do so with
regard to all or any part of the principal amount of such Security or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such principal amount. 

Section 1.6    Notices, etc., to Trustee and Company. 

Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this
Indenture to be made upon, given or furnished to, or filed with, 
 (1)    the Trustee by any Holder or by the Company
shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing (or by facsimile transmissions at (314) 418-1225, provided that oral confirmation of receipt shall have been
received) to or with the Trustee at its Corporate Trust Office, Attention: Corporate Trust Administration, or 

  
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 (2)    the Company by the Trustee or by any Holder shall be sufficient
for every purpose hereunder (unless otherwise herein expressly provided) if in writing and furnished by first-class postage prepaid, personally delivered or furnished via overnight courier to the Company addressed to it at the address of its
principal office specified in the first paragraph of this instrument or at any other address previously furnished in writing to the Trustee by the Company, Attention: Chief Financial Officer. 

Section 1.7    Notice to Holders; Waiver. 

Where this Indenture provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly
provided) if in writing and mailed, first-class postage prepaid, or delivered by hand or overnight courier or electronic delivery, if applicable, to each Holder affected by such event, at its address as it appears in the Security Register (or while
any Securities are represented by one or more Global Securities, such notice shall be delivered to the Depositary for communication to entitled account Holders), not later than the latest date (if any), and not earlier than the earliest date (if
any), prescribed for the giving of such notice. Notices will be deemed to have been given on the date of mailing or electronic delivery. Whenever a notice is required to be given by the Company, such notice may be given by the Trustee on behalf of
the Company. Neither the failure to mail or deliver by hand or overnight courier or electronic delivery any notice, nor any defect in any notice so mailed or delivered by hand or overnight courier or electronic delivery, to any particular Holder
shall affect the sufficiency of such notice with respect to other Holders. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event,
and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

In case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give notice to
Holders of Securities by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. In any case in which notice to Holders of Securities is given by mail,
neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder of a Security, shall affect the sufficiency of such notice with respect to other Holders of Securities. 

Section 1.8    Conflict with Trust Indenture Act. 

If any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture Act that is required under the Trust Indenture
Act to be a part of and govern this Indenture, the latter provision shall control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act, that may be so modified or excluded, the latter provision shall be
deemed to apply to this Indenture as so modified or to be excluded, as the case may be. 
 Section 1.9    Effect of
Headings and Table of Contents. 

  
 13 

 The Article and Section headings herein and the Table of Contents are for convenience only
and shall not affect the construction hereof. 
 Section 1.10    Successors and Assigns. 

All covenants and agreements in this Indenture by the Company shall bind its successors and assigns, whether or not so expressed. All
agreements of the Trustee in this Indenture shall bind its successor.
 Section 1.11    Separability Clause. 

In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 1.12    Benefits of Indenture. 

Nothing in this Indenture or in the Securities, express or implied, shall give to any Person, other than the parties hereto and their
successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture. 

Section 1.13    Governing Law. 

THIS INDENTURE AND THE SECURITIES, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS INDENTURE OR THE SECURITIES, 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 THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

Section 1.14    Legal Holidays. 

Unless otherwise provided with respect to any Security or Securities pursuant to Section 3.1, in any case where any Interest Payment Date,
Redemption Date, sinking fund payment date, or Stated Maturity or Maturity or other payment date of any Security or the last date on which a Holder has the right to convert a Security at a particular conversion price shall not be a Business Day at
any Place of Payment, then (notwithstanding any other provision of this Indenture or of the Securities (other than a provision of any Security which specifically states that such provision shall apply in lieu of this Section)) payment of interest or
principal (and premium, if any) or, if applicable to a particular series of Securities, conversion need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same
force and effect as if made on the Interest Payment Date, Redemption Date, sinking fund payment date, or other payment date, at the Stated Maturity or on such last day for conversion, as the case may be. 

Section 1.15    Indenture and Securities Solely Corporate Obligations. 

  
 14 

 No recourse for the payment of the principal of or premium, if any, or interest on any
Security, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company in this Indenture or in any supplemental indenture or in any Security, or because of the
creation of any indebtedness represented thereby, shall be had against any incorporator, stockholder, employee, agent, officer, or director or subsidiary, as such, past, present or future, of the Company or of any successor corporation, either
directly or through the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is
hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issuance of the Securities. 

Section 1.16    Indenture May be Executed in Counterparts. 

This instrument may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together
constitute but one and the same instrument. 
 ARTICLE 2 

SECURITY FORMS 

Section 2.1    Forms Generally. 

The Securities of each series shall be in substantially such form as shall be established by or pursuant to a Board Resolution and as set forth
in such Board Resolution (including such terms as set forth in any form of Securities for each series approved by such Board Resolution), or, to the extent established pursuant to, rather than set forth in, a Board Resolution, in an Officers’
Certificate detailing such establishment (including any exhibit attached thereto), or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or
permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with any applicable law or with any rules or regulations pursuant thereto,
or any rules of any securities exchange or Depositary therefor or as may, consistently herewith, be determined by the officers executing such Securities, as evidenced by their execution thereof. If the form of Securities of any series is established
by action taken pursuant to a Board Resolution, or, to the extent established pursuant to, rather than set forth in, such Board Resolution, an Officers’ Certificate detailing such establishment, a copy of an appropriate record of such action
shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section 3.3 for the authentication and delivery of such Securities. Any
such Board Resolution, Officers’ Certificate or record of such action shall have attached thereto a true and correct copy of the form of Security referred to therein approved by or pursuant to such Board Resolution or Officers’
Certificate. 
 The definitive Securities shall be printed, lithographed or engraved on steel engraved borders or may be produced in any
other manner, all as determined by the officers executing such Securities, as evidenced by their execution of such Securities. 

  
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 Section 2.2    Form of Trustee’s Certificate of
Authentication. 
 The Trustee’s certificates of authentication shall be in substantially the following form: 

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 Officer

 Section 2.3    Form of Legend for Global Securities. 

Unless otherwise specified as contemplated by Section 3.1 for the Securities evidenced thereby, every Global Security authenticated and
delivered 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 A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE
REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

ARTICLE 3 
 THE
SECURITIES 
 Section 3.1    Amount Unlimited; 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 in one or more series. There shall be set forth in a Board Resolution of the Company, pursuant to one or more
indentures supplemental hereto or pursuant to an Officers’ Certificate pursuant to authority granted under a Board Resolution, prior to the initial issuance of Securities of any series: 

(1)    the title of the Securities of the series (which shall distinguish the Securities of the series from Securities of
any other series); 
 (2)    the offering price of the Securities of the series; 

  
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 (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 3.4, 3.5, 3.6, 9.6 or 11.7 and except for any Securities which, pursuant to Section 3.3, are deemed never to have been authenticated and delivered hereunder); 

(4)    the Person to whom any interest on a Security of the series shall be payable, if other than the Person in whose
name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; 

(5)    the date or dates on which the principal of and premium, if any, on any Securities of the series is payable or the
method of determination and/or extension of such date or dates; and the amount or amounts of such payments of principal and premium, if any, or the method of determination thereof; 

(6)    the rate or rates (which may be fixed or variable), at which any Securities of the series shall bear interest, if
any, whether and under what circumstances Additional Amounts with respect to such Securities shall be payable, the date or dates from which any such interest shall accrue, the Interest Payment Dates on which any such interest shall be payable and
the Regular Record Date for any such interest payable on any Interest Payment Date (or the method for determining the dates and rates); 

(7)    whether any of such Securities will be subject to certain optional interest rate reset provisions; 

(8)    the place or places where the principal of and any premium and interest on, or any Additional Amounts with respect
to, the Securities of the series shall be payable, where the Securities of such series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of such series and
this Indenture may be served, and the method of such payment, if by wire transfer, mail or other means; 
 (9)    the
period or periods within which, the price or prices at which, the currency or currencies (including currency units) and the terms and conditions upon which any Securities of the series may be redeemed, in whole or in part, at the option of the
Company and, if other than by a Board Resolution, the manner in which any election by the Company to redeem the Securities shall be evidenced; 

(10)    the obligation, if any, of the Company to redeem, purchase or repay any Securities of the series pursuant to any
sinking fund, amortization or analogous provisions or upon the happening of a specified event or at the option of the Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which any
Securities of the series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation and any provisions for the remarketing of such Securities; 

(11)    if other than denominations of $2,000 and any higher integral multiple of $1,000, the denominations in which any
Securities of the series shall be issuable; 

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

(13)    if other than the currency of the United States of America, the currency, currencies or currency units (including
composite currencies) in which the principal of or any premium or interest on, or any Additional Amounts with respect to, any Securities of the series shall be payable and the manner of determining the equivalent thereof in the currency of the
United States of America for any purpose, including for purposes of the definition of “Outstanding” in Section 1.1; 

(14)    if the principal of or any premium or interest on, or any Additional Amounts with respect to, any Securities of
the series is to be payable, at the election of the Company or the Holder thereof, in one or more currencies or currency units other than that or those in which such Securities are stated to be payable, the currency, currencies or currency units in
which the principal of or any premium or interest on such Securities as to which such election is made shall be payable, the periods within which and the terms and conditions upon which such election is to be made and the amount so payable (or the
manner in which such amount shall be determined); 
 (15)    the percentage of the principal amount at which the
Securities will be issued, and, if other than the entire principal amount thereof, the portion of the principal amount of any Securities of the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to
Section 5.2; 
 (16)    if the principal amount payable at the Stated Maturity of any Securities of the series will
not be determinable as of any one or more dates prior to the Stated Maturity, the amount which shall be deemed to be the principal amount of such Securities as of any such date for any purpose thereunder or hereunder, including the principal amount
thereof which shall be due and payable upon any Maturity other than the Stated Maturity or which shall be deemed to be Outstanding as of any date prior to the Stated Maturity (or, in any such case, the manner in which such amount deemed to be the
principal amount shall be determined); 
 (17)    if applicable, that the Securities of the series, in whole or any
specified part, shall be defeasible pursuant to Section 13.2 or Section 13.3 or both such Sections, or any other defeasance provisions applicable to any Securities of the series, and, if other than by a Board Resolution, the manner in
which any election by the Company to defease such Securities shall be evidenced; 
 (18)    if applicable, the terms of
any right to convert or exchange Securities of the series, including, without limitation, the conversion or exchange price, the conversion or exchange period, provisions as to whether conversion or exchange will be mandatory, at the option of the
Holders thereof or at the option of the Company, the events requiring an adjustment of the conversion price or exchange price and provisions affecting conversion or exchange if such series of Securities are redeemed, if applicable; 

  
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 (19)    if applicable, that any Securities of the series shall be
issuable in whole or in part in the form of one or more Global Securities and, in such case, the respective Depositaries for such Global Securities, the form of any legend or legends which shall be borne by any such Global Security in addition to or
in lieu of that set forth in Section 2.3 and any circumstances in addition to or in lieu of those set forth in clause (2) of the last paragraph of Section 3.5 in which any such Global Security may be exchanged in whole or in part for
Securities registered, and any transfer of such Global Security in whole or in part may be registered, in the name or names of Persons other than the Depositary for such Global Security or a nominee thereof; 

(20)    any deletions, modifications of or additions to the definitions set forth in Section 1.1, the Events of
Default which apply to any Securities of the series and any change in the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 5.2 upon an Event of Default;

 (21)    any addition to, deletion of or change in the covenants set forth in Article 10 or other provisions of this
Indenture which applies to Securities of the series or does not apply to the Securities of the series; 
 (22)    any
Authenticating Agents, Paying Agents, Security Registrars or such other agents necessary in connection with the issuance of the Securities of such series, including, without limitation, exchange rate agents and calculation agents; 

(23)    if applicable, the terms of any security that will be provided for a series of Securities, including any
provisions regarding the circumstances under which collateral may be released or substituted; 
 (24)    if applicable,
the terms of any guaranties for the Securities and any circumstances under which there may be additional obligors on the Securities; and 

(25)    provisions, if any, granting special rights to the Holders of Securities of the series upon the occurrence of such
events as may be specified; 
 (26)    whether Securities of the series shall be issuable in registered form or bearer
form (registrable or not registrable as to principal, and with or without interest coupons), or both, and any restrictions applicable to the offering, sale or delivery of bearer securities and the terms upon which bearer Securities of a series may
be exchanged for registered Securities of the same series and vice versa; 
 (27)    the forms of the Securities of the
series; 
 (28)    any terms which may be related to warrants, options or other rights to purchase and sell securities
issued by the Company in connection with, or for the purchase of, Securities of such series, including whether and under what circumstances the Securities of any series may be used toward the exercise price of any such warrants, options or other
rights; 
 (29)    the subordination, if any, of the Securities of the series; 

  
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 (30)    if the Securities of the series will be governed by, and the
extent to which such Securities will be governed by, any law other than the laws of the state of New York; and 

(31)    any other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture, except
as permitted by Section 9.1(5)). 
 All Securities of any one series shall be substantially identical except as to denomination and
except as may otherwise be provided in or pursuant to the Board Resolution referred to above and (subject to Section 3.3) set forth, or determined in the manner provided, in the Officers’ Certificate (including any exhibit attached
thereto) referred to above or in any such indenture supplemental hereto. 
 If any of the terms of the series are established by action
taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of an Officers’
Certificate (including any exhibit attached thereto) setting forth the terms of the series. 

Section 3.2    Denominations. 

Except as specified as contemplated by Section 3.1, the Securities of each series shall be issuable only in registered form without
coupons. The Securities of such series shall be issuable only in such denominations as shall be specified as contemplated by Section 3.1. In the absence of any such specified denomination with respect to the Securities of any series, the
Securities of such series shall be issuable in denominations of $1,000 and any integral multiple thereof. 

Section 3.3    Execution, Authentication, Delivery and Dating. 

The Securities shall be executed on behalf of the Company by its Chairman of the Board, its Vice Chairman of the Board, its Chief Executive
Officer, its principal financial officer, its President or one of its Vice Presidents, and attested by its Treasurer, its Secretary or one of its Assistant Treasurers or Assistant Secretaries. The signature of any of these officers on the Securities
may be manual or facsimile. Securities bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold
such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities. 
 At
any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and
delivery of such Securities, and the Trustee in accordance with the Company Order shall authenticate and deliver such Securities. If the form or terms of the Securities of the series have been established by or pursuant to one or more Board
Resolutions or any other method permitted by Sections 2.1 and 3.1, in authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and
(subject to Section 6.1) shall be fully protected in relying upon, a certified copy of such Board Resolution, an Officers’ Certificate or supplemental indenture hereto setting forth the terms of the series and an Opinion of Counsel, with
such Opinion of Counsel (which Opinion of Counsel may contain customary qualifications and exceptions) stating, 

  
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 (1)    if the form of such Securities has been established by or
pursuant to Board Resolution as permitted by Section 2.1, that such form has been established in conformity with the provisions of this Indenture; 

(2)    if the terms of such Securities have been established by or pursuant to Board Resolution as permitted by
Section 3.1, that such terms have been established in conformity with the provisions of this Indenture; and 

(3)    that such Securities, when authenticated and delivered by the Trustee and issued by the Company in the manner and
subject to any conditions specified in such Opinion of Counsel, will constitute a valid and binding agreement of the Company, enforceable in accordance with their terms, except as such enforcement is subject to the effect of (i) bankruptcy,
insolvency, fraudulent conveyance, reorganization or other laws relating to or affecting creditors’ rights and (ii) general principles of equity (regardless of whether such enforcement is considered in a proceeding in equity or at law).

 If such form or terms have been so established, the Trustee shall not be required to authenticate such Securities if the issuance of such
Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner that is not reasonably acceptable to the Trustee. 

Such Opinion of Counsel need express no opinion as to the enforceability of Section 6.7 or as to whether a court in the United States of
America would render a money judgment in a currency other than that of the United States of America. Notwithstanding the provisions of Section 3.1 and of this Section 3.3, if all Securities of a series are not to be originally issued at
one time, it shall not be necessary to deliver a certified Board Resolution, Officers’ Certificate or supplemental indenture hereto otherwise required pursuant to Section 3.1 or the Company Order and Opinion of Counsel otherwise required
pursuant to this Section 3.3 at or prior to the authentication of each Security of such series if such documents are delivered at or prior to the authentication upon original issuance of the first Security of such series to be issued. 

Each Security shall be dated the date of its authentication. 

Notwithstanding that such form or terms have been so established, the Trustee shall have the right to decline to authenticate such Securities
if, in the written opinion of counsel to the Trustee (which counsel may be an employee of the Trustee), such action may not lawfully be taken or if the Trustee in good faith by its board of directors or trustees, executive committee or a trust
committee of directors, trustees or vice presidents shall determine that such action would expose the Trustee to personal liability to Holders of any Securities then outstanding. 

No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such
Security a certificate of authentication substantially in the form provided for herein executed by the Trustee or an Authenticating Agent by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only
evidence, that such Security has been duly authenticated and delivered hereunder. 

  
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Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Security to the
Trustee for cancellation as provided in Section 3.9, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 

The Company in issuing Securities may use “CUSIP” numbers (if then generally in use), and if so, the Trustee may use the CUSIP
numbers in notices of redemption or exchange as a convenience to Holders; provided, however, that any such notice may state that no representation is made as to the correctness or accuracy of the CUSIP number printed in the notice or on the
Securities, that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption or exchange shall not be affected by any defect or omission of such CUSIP numbers. The Company will promptly notify
the Trustee in writing of any change in CUSIP numbers known to an Officer of the Company. Neither the Company nor the Trustee shall have any responsibility for any defect in the CUSIP number that appears on any Security, check, advice of payment,
redemption notice or any other notice, and any such document may contain a statement to the effect that CUSIP numbers have been assigned by an independent service for convenience of reference and that neither the Company nor the Trustee shall be
liable for any inaccuracy in such numbers. 
 Section 3.4    Temporary Securities. 

Pending the preparation of definitive Securities of any series, the Company may execute, and upon Company Order the Trustee shall authenticate
and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued and with
such appropriate insertions, omissions, substitutions and other variations as the officers executing such Securities may determine, as evidenced by their execution of such Securities. 

If temporary Securities of any series are issued, the Company will cause definitive Securities of that series to be prepared without
unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series at
the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series, the Company shall execute and the Trustee shall
authenticate and deliver in exchange therefor one or more definitive Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount. Until so exchanged, the temporary Securities of any series shall in
all respects be entitled to the same benefits under this Indenture as definitive Securities of such series and tenor, except as otherwise specified as contemplated by Section 3.1. 

  
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 Section 3.5    Registration; Registration of Transfer and Exchange.

 The Company shall cause to be kept at the Corporate Trust Office a register (the register maintained in such office and in any other
office or agency of the Company in a Place of Payment being herein sometimes collectively referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the
registration of Securities and of transfers of Securities. Unless otherwise contemplated by Section 3.1, the Trustee is hereby appointed “Security Registrar” for the purpose of registering Securities and transfers of Securities, and
for the purpose of maintaining the Security Register in respect thereof, as herein provided. 
 Except as may be provided pursuant to
Section 3.1, upon surrender for registration of transfer of any Security of a series at the office or agency of the Company in a Place of Payment for that series, the Company shall execute and deliver a Company Order requesting the Trustee to
authenticate and deliver, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of the same series, of any authorized denominations and of like tenor and aggregate
principal amount. 
 Unless otherwise provided as contemplated by Section 3.1, at the option of the Holder, Securities of any series
(other than Global Securities) may be exchanged for other Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount, upon surrender of the Securities to be exchanged at such office or agency, and
upon payment, if the Company shall so require, of the charges hereinafter provided. Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities that the Holder
making the exchange is entitled to receive. 
 All Securities issued upon any registration of transfer or exchange of Securities shall be
the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 

Every Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company, Security Registrar
or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company, the Security Registrar or the Trustee, as the case may be, duly executed, by the Holder thereof or its attorney duly
authorized in writing. 
 Unless otherwise provided as contemplated by Section 3.1, no service charge shall be made for any
registration of transfer or exchange of Securities, but the Company or the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange
of Securities, other than exchanges pursuant to Section 3.4, 9.6 or 11.7 not involving any transfer. 
 Unless otherwise provided as
contemplated by Section 3.1, if the Securities of any series (or of any series and specified tenor) are to be redeemed in whole or in part, the Company shall not be required (A) to issue, register the transfer of or exchange any Securities
of that series (or of that series and specified tenor, as the case may be) during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of any such Securities selected for redemption under
Section 11.3 and ending at the close of business on the day of such mailing, or (B) to register the transfer of or exchange any Security so selected for redemption in whole or in part, except the unredeemed portion of any Security being
redeemed in part. 

  
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 The provisions of clauses (1), (2), (3) and (4) below shall apply only to Global
Securities: 
 (1)    Each Global Security authenticated under this Indenture shall be registered in the name of the
Depositary designated for such Global Security or a nominee thereof and delivered to such Depositary or a nominee thereof or custodian therefor, and each such Global Security shall constitute a single Security for all purposes of this Indenture.

 (2)    Notwithstanding any other provision in this Indenture, no Global Security may be exchanged in whole or in part
for Securities registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any Person other than the Depositary for such Global Security or a nominee thereof unless (A) such Depositary (i) has
notified the Company that it is unwilling or unable to continue as Depositary for such Global Security or (ii) has ceased to be a clearing agency registered under the Exchange Act, (B) there shall have occurred and be continuing an Event
of Default with respect to such Global Security or (C) there shall exist such circumstances, if any, in addition to or in lieu of the foregoing as have been specified for this purpose as contemplated by Section 3.1. 

(3)    Subject to clause (2) above, any exchange of a Global Security for other Securities may be made in whole or in
part, and all Securities issued in exchange for a Global Security or any portion thereof shall be registered in such names as the Depositary for such Global Security shall direct. 

(4)    Every Security authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a
Global Security or any portion thereof, whether pursuant to this Section, Section 3.4, 3.6, 9.6 or 11.7 or otherwise, shall be authenticated and delivered in the form of, and shall be, a Global Security, unless such Security is registered in
the name of a Person other than the Depositary for such Global Security or a nominee thereof. 

Section 3.6    Mutilated, Destroyed, Lost and Stolen Securities. 

If any mutilated Security is surrendered to the Trustee, the Company shall execute and deliver a Company Order requesting the Trustee to
authenticate and deliver, and 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 the Company’s request the Trustee shall authenticate and deliver, in
lieu of any such destroyed, lost or stolen Security, a new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

Notwithstanding the preceding paragraph, in case any such mutilated, destroyed, lost or stolen Security has become or is about to become due
and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 

  
 24 

 Upon the issuance of any new Security under this Section, 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 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. 
 The provisions of this Section are exclusive and shall preclude (to
the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 

Section 3.7    Payment of Interest; Interest Rights Preserved. 

Except as otherwise provided as contemplated by Section 3.1 with respect to any series of Securities, interest on any Security which is
payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for
such interest. 
 Unless otherwise provided as contemplated by Section 3.1, any interest on any Security of any series which is
payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such
Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below: 

(1)    The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Securities of
such series (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, 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 Security of such series 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 Trustee shall fix a Special Record Date for the payment of such Defaulted Interest, which shall be not more than 15 days and not less than 10 days prior to the date of the
proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall
cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be given to each Holder of Securities of such series in the manner set forth in Section 1.7, not less than 10 days prior to such

  
 25 

 
Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so given, such Defaulted Interest shall be paid to the Persons in
whose names the Securities of such series (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 (2). 

(2)    The Company may make payment of any Defaulted Interest on the Securities of any series in any other lawful manner
not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, 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. 
 Subject to the foregoing provisions of this Section,
each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 

Section 3.8    Persons Deemed Owners. 

Prior to due presentment of a Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may
treat the Person in whose name such Security is registered as the owner of such Security for the purpose of receiving payment of principal of and any premium and (subject to Section 3.7) any interest or other payments on such Security and for
all other purposes whatsoever, whether or not such Security shall be overdue, and none of the Company, the Trustee or any agent of the Company or the Trustee shall be affected by notice to the contrary. 

Except as otherwise specified as contemplated by Section 3.1, none of the Company, the Trustee or any agent of the Company or the Trustee
shall 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 for maintaining, supervising or reviewing any records relating to such
beneficial ownership interests. Notwithstanding the foregoing, with respect to any Global Security, nothing herein shall prevent the Company or the Trustee, or any agent of the Company or the Trustee, from giving effect to any written certification,
proxy or other authorization furnished by any Depositary (or its nominee), as a Holder, with respect to such Global Security or impair, as between such Depositary and owners of beneficial interests in such Global Security, the operation of customary
practices governing the exercise of the rights of such Depositary (or its nominee) as Holder of such Global Security. 

Section 3.9    Cancellation. 

The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the
Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and
all Securities so delivered shall be promptly canceled by the Trustee. 

  
 26 

 
The Security Registrar and the Paying Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment, and all Securities so delivered
shall be promptly canceled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities canceled as provided in this Section, except as expressly permitted by this Indenture or as otherwise specified as
contemplated by Section 3.1. Upon written request of the Company at the time of surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such request, all canceled Securities held by the
Trustee shall be disposed of in accordance with the Trustee’s customary procedures. 

Section 3.10    Computation of Interest. 

Except as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series shall
be computed on the basis of a 360-day year of twelve 30-day months. 

ARTICLE 4 
 SATISFACTION
AND DISCHARGE 
 Section 4.1    Satisfaction and Discharge of Indenture. 

This Indenture shall upon Company Request cease to be of further effect with respect to Securities of or within any series (except as to any
surviving rights of registration of transfer or exchange of such Securities and replacement of such Securities which may have been lost, stolen or mutilated as herein expressly provided for), and the Trustee, at the expense of the Company, shall
execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to such Securities, when: 

(1)    either 

(A)    all such Securities theretofore authenticated and delivered (other than (i) Securities which have been
destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.6 and (ii) Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Trustee or the Company and
thereafter repaid to the Company or discharged from such trust, as provided in Section 10.3) have been delivered to the Trustee for cancellation; or 

(B)    all such Securities not theretofore delivered to the Trustee for cancellation 

(i)    have become due and payable, or 

(ii)    will become due and payable at their Stated Maturity within one year, or 

  
 27 

 (iii)    are to be called for redemption within one year under
arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, 
 and the
Company, in the case of (i), (ii) or (iii) above, has deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose money in an amount sufficient to pay and discharge the entire indebtedness on such Securities not
theretofore delivered to the Trustee for cancellation, for principal and any premium and interest to the date of such deposit (in the case of Securities which have become due and payable) or to the Stated Maturity or Redemption Date, as the case may
be; 
 (2)    the Company has paid or caused to be paid all other sums payable hereunder by the Company with respect to
the Securities Outstanding of such series; 
 (3)    the Company has complied with any other conditions specified
pursuant to Section 3.1 to be applicable to the Securities Outstanding of such series; and 
 (4)    the Company
has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture as to such Securities have been
complied with. 
 If any Securities Outstanding of such series are to be redeemed prior to their Stated Maturity, whether pursuant to any
optional redemption provisions or in accordance with any mandatory sinking fund requirement, the trust agreement evidencing the trust referred to in subclause (B) of clause (1) of Section 4.1 shall provide therefore and the Company
shall make such arrangements as are satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 6.7, and to
any Authenticating Agent under Section 6.14 and, if money shall have been deposited with the Trustee pursuant to subclause (B) of clause (1) of this Section, the obligations of the Trustee under Section 4.2 and the last paragraph
of Section 10.3 shall survive. 
 Section 4.2    Application of Trust Money. 

Subject to the provisions of the last paragraph of Section 10.3, all money deposited with the Trustee pursuant to Section 4.1 shall
be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may
determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such money has been deposited with the Trustee. 

Section 4.3    Reinstatement. 

If the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations deposited with respect to Securities of any series
in accordance with Section 4.1 by reason of any legal proceeding or by reason of any order or judgment of any court or 

  
 28 

 
governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under this Indenture with respect to the Securities of such series and the
Securities of such series shall be revived and reinstated as though no deposit had occurred pursuant to Section 4.1 until such time as the Trustee or Paying Agent is permitted to apply all such money or U.S. Government Obligations in accordance
with Section 4.1; provided, however, that if the Company has made any payment of principal of, premium (if any) or interest on 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 U.S. Government Obligations held by the Trustee or Paying Agent. 

ARTICLE 5 
 REMEDIES

 Section 5.1    Events of Default. 

“Event of Default,” wherever used herein with respect to Securities of any series, means any one of the following events (whatever
the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental
body), unless in the Board Resolution, Officers’ Certificate or supplemental indenture establishing such series, it is provided that such series shall not have the benefit of said Event of Default: 

(1)    default in the payment of the principal or the Redemption Price of or any premium on any Security of that series
when due and payable at its Maturity, upon redemption, upon declaration of acceleration or otherwise; or 

(2)    default in the payment of any interest on any Security of that series when it becomes due and payable, and
continuance of such default for a period of 30 days; or 
 (3)    failure by the Company to comply with its obligations
set forth under Article 8; or 
 (4)    failure by the Company for 60 consecutive days after written notice from the
Trustee or the Holders of at least 25% in principal amount of the Securities of that series then Outstanding has been received by the Company to comply with any of its other agreements contained in any of the Securities of that series or this
Indenture; or 
 (5)    default by the Company or any of the Significant Subsidiaries of the Company with respect to any
mortgage, agreement or other instrument under which there is, or by which there is secured or evidenced, any Indebtedness having an aggregate principal balance Outstanding in excess of $50,000,000 (or the foreign currency equivalent thereof),
whether such Indebtedness now exists or shall hereafter be created (i) resulting in such Indebtedness becoming or being declared due and payable prior to its scheduled maturity or (ii) constituting a failure to pay the principal of any
such Indebtedness when due and payable at its stated maturity, upon required purchase, upon declaration of acceleration or otherwise and such defaulted payment is not made, waived or extended within the applicable grace period, unless the default
has been 

  
 29 

 
cured or waived or the Indebtedness discharged in full within 60 days after the Company has been notified of the default by the Trustee or Holders of at least 25% in aggregate principal amount of
the Securities Outstanding of that series; or     
 (6)    a final judgment or judgments for the
payment of $50,000,000 (or the foreign currency equivalent thereof) or more (excluding any amounts covered by insurance) in the aggregate rendered against the Company or any of the Significant Subsidiaries of the Company by a court of competent
jurisdiction, which judgment is not paid, discharged or stayed within 60 days after (i) the date on which the right to appeal thereof has expired if no such appeal has commenced, or (ii) the date on which all rights to appeal have been
extinguished (to the extent not covered by indemnities provided by reputable creditworthy companies or insurance as to which the applicable insurance company is solvent and has not denied coverage); or 

(7)    the Company or any Significant Subsidiary of the Company (or any group of Subsidiaries of the Company that, taken
together, would constitute a Significant Subsidiary) shall commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to the Company or any such Significant Subsidiary or such group of Subsidiaries
of the Company or its or their debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of the Company or any such
Significant Subsidiary or such group of Subsidiaries of the Company or any substantial part of its or their property, or shall consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or
other proceeding commenced against it or them, or shall make a general assignment for the benefit of creditors, or shall fail generally to pay its or their debts as they become due; or 

(8)    an involuntary case or other proceeding shall be commenced against the Company or any Significant Subsidiary (or
any group of Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary) seeking liquidation, reorganization or other relief with respect to the Company or such Significant Subsidiary or such group of Subsidiaries of
the Company or its or their debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of the Company or such Significant
Subsidiary or such group of Subsidiaries of the Company or any substantial part of its or their property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of 60 consecutive days; or 

(9)    any other Event of Default provided with respect to Securities of that series in the Board Resolution,
Officers’ Certificate or supplemental indenture establishing that series. 
 Section 5.2    Acceleration of
Maturity; Rescission and Annulment. 
 (a)    Unless the Board Resolution, Officers’ Certificate or supplemental
indenture establishing such series provides otherwise, if one or more Events of Default (other than an Event of Default specified in Section 5.1(7) or 5.1(8)) with respect to Securities of any series at the time Outstanding occurs and is
continuing (whatever the reason for such Event of Default 

  
 30 

 
and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any
administrative or governmental body), then, and in each and every such case, either the Trustee or the Holders of at least 25% in aggregate principal amount of the Securities Outstanding of that series may declare 100% of the principal amount of all
the Securities of that series (or, if any Securities of that series are Original Issue Discount Securities, such portion of the principal amount of such Securities as may be specified by the terms thereof) and premium, if any, together with accrued
and unpaid interest, if any, thereon, to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by the Holders), and upon any such declaration such principal amount (or specified amount) and premium, if
any, together with accrued and unpaid interest, if any, thereon, shall automatically become immediately due and payable. If an Event of Default specified in Section 5.1(7) or 5.1(8) with respect to Securities of any series at the time
Outstanding occurs and is continuing, 100% of the principal amount of all the Securities of that series (or, if any Securities of that series are Original Issue Discount Securities, such portion of the principal amount of such Securities as may be
specified by the terms thereof) and premium, if any, together with accrued and unpaid interest, if any, thereon, shall automatically, and without any declaration or other action on the part of the Trustee or any Holder, become immediately due and
payable. 
 (b)    At any time after such a declaration of acceleration with respect to Securities of any series has
been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the Securities Outstanding of that series, by written
notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if: 
 (1)    the
Company has paid or deposited with the Trustee a sum sufficient to pay 
 (A)    all overdue interest on all Securities
of that series, 
 (B)    the principal of or premium (if any) on any Securities of that series which have become due
otherwise than by such declaration of acceleration and any interest thereon at the rate or rates prescribed therefor in such Securities, 

(C)    to the extent that payment of such interest is lawful, interest upon overdue interest at the rate or rates
prescribed therefor in such Securities, and 
 (D)    all sums paid or advanced by the Trustee hereunder, the
compensation, expenses, disbursements and advances due to Trustee under Section 6.7, and all other amounts due under Section 6.7; 

(2)    all Events of Default with respect to Securities of that series, other than the
non-payment of the principal of, and accrued and unpaid interest on, any Securities of that series which have become due solely by such declaration of acceleration, have been cured or waived as provided in
Section 5.13; and 
 (3)    the rescission would not conflict with any final judgment or decree of a court of
competent jurisdiction. 

  
 31 

 No such rescission shall affect any subsequent default or impair any right consequent thereon. 

Section 5.3    Collection of Indebtedness and Suits for Enforcement by Trustee. 

The Company covenants that if 

(1)    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 
 (2)    default is made in the payment of the principal or the
Redemption Price of (or premium, if any, on) any Security at the Maturity thereof, 
 the Company will, 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 and any premium and interest on, and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue
principal and premium and on 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, and all other amounts due the Trustee under Section 6.7. 

If an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed, in its
own name and as trustee of an express trust, 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. 

Section 5.4    Trustee May File Proofs of Claim. 

In case of any judicial proceeding relative to the Company (or any other obligor upon the Securities), its property or its creditors, the
Trustee shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions authorized under the Trust Indenture Act in order to have claims of the Holders and the Trustee allowed in any such proceeding. In
particular, the Trustee shall be authorized 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 6.7. 

No provision of this Indenture 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;

  
 32 

 
provided, however, that the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or other similar
committee. 
 Section 5.5    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, and any other amounts due the Trustee under Section 6.7, be for the ratable benefit of the Holders of the
Securities in respect of which such judgment has been recovered. 
 Section 5.6    Application of Money Collected.

 Any money collected by the Trustee pursuant to this Article shall be applied and paid 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 any premium or interest on the Securities, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender
thereof if fully paid: 
 FIRST: To the payment of all amounts due the Trustee under Section 6.7 in connection with such
series of Securities in respect of which money or other property is collected; 
 SECOND: Subject to the terms of any
subordination entered into as contemplated by Section 3.1, to the payment of the amounts then due and unpaid for principal of and any 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 any premium, if any, and interest, respectively; and 

THIRD: The balance, if any, to the Company or any other Person or Persons entitled thereto. 

To the fullest extent allowed under applicable law, if for the purpose of obtaining judgment against the Company in any court it is necessary
to convert the sum due in respect of the principal of, premium (if any) or interest 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 Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the Business Day in The City of New York next
preceding that on which final judgment is given. Neither the Company nor or the Trustee shall be liable for any shortfall nor shall either of them benefit from any windfall in payments to Holders of Securities under this Section 5.6 caused by a
change in exchange rates between the time the amount of a judgment against it is calculated as above and the time the Trustee converts the Judgment Currency into the 

  
 33 

 
Required Currency to make payments under this Section 5.6 to Holders of Securities, but payment of such judgment shall discharge all amounts owed by the Company on the claim or claims
underlying such judgment. 
 Section 5.7    Limitation on Suits. 

Subject to Section 5.8, no Holder of any Security of any series shall have any right to institute any proceeding, judicial or otherwise,
with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 

(1)    an Event of Default with respect to such series of Securities shall have occurred and be continuing and such Holder
has previously given written notice to the Trustee of such continuing Event of Default; 
 (2)    the Holders of not
less than 25% in principal amount of the Securities Outstanding of that series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(3)    such Holder or Holders have offered and, if requested, provided to the Trustee reasonable indemnity against the
costs, expenses and liabilities to be incurred in compliance with such request; 
 (4)    the Trustee for 60 days after
its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and 
 (5)    no
direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the Securities Outstanding of that series. 

No one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb
or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and
ratable benefit of all of such Holders. 
 Section 5.8    Right of Holders to Receive Principal, Premium and
Interest. 
 Notwithstanding any other provision in this Indenture, the right of any Holder of any Security to receive payment of the
principal of and any premium and (subject to Section 3.7) interest 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 after the respective due dates, shall not be impaired without the consent of such Holder. 

Section 5.9    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 

  
 34 

 
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. 

Section 5.10    Rights and Remedies Cumulative. 

Except as otherwise provided in Section 5.7 or with respect to the replacement or payment of mutilated, destroyed, lost or stolen
Securities in the last paragraph of Section 3.6, 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
prevent the concurrent assertion or employment of any other appropriate right or remedy. 
 Section 5.11    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 Five 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 (subject to the limitations contained in this Indenture) or by the Holders, as the case may be. 

Section 5.12    Control by Holders. 

With respect to Securities of any series, the Holders of a majority in principal amount of the Securities Outstanding of such 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, relating to or arising under an Event of Default described in clause (1),
(2), (3), (4) or (7) of Section 5.1, and with respect to all Securities the Holders of a majority in principal amount of all Securities Outstanding shall have the right to direct the time, method and place of conducting any remedy
available to the Trustee, or exercising any trust or power conferred on the Trustee, relating to or arising under an Event of Default described in clause (5) or (6) of Section 5.1, provided that in each such case 

(1)    the Trustee shall have the right to decline to follow any such direction if the Trustee, being advised by counsel,
determines that the action so directed may not lawfully be taken or would conflict with this Indenture or if the Trustee in good faith shall, by a Responsible Officer, determine that the proceedings so directed would involve it in personal liability
or be unjustly prejudicial to the Holders not taking part in such direction, and 
 (2)    the Trustee may take any
other action deemed proper by the Trustee that is not inconsistent with such direction or this Indenture. 

Section 5.13    Waiver of Past Defaults. 

  
 35 

 Subject to Section 5.8 and Section 9.2, the Holders of not less than a majority in
aggregate principal amount of the Securities Outstanding of any series may on behalf of the Holders of all the Securities of such series waive any past default or Event of Default described in clause (1), (2), (3), (4) or (7) of
Section 5.1 hereunder with respect to such series and its consequences, and the Holders of a majority in principal amount of all Securities Outstanding may on behalf of the Holders of all Securities waive any Event of Default described in
clause (5) or (6) of Section 5.1 hereunder and its consequences, except a default 
 (1)    in the payment of
the principal or Redemption Price of or any premium or interest on any Security as and when the same shall become due and payable by the terms thereof, otherwise than by acceleration (unless such default has been cured as provided herein), or 

(2)    in respect of a covenant or provision hereof which under Article 9 cannot be modified or amended without the
consent of the Holder of each Security Outstanding affected. 
 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 5.14    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 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, a court may require any party litigant in such suit to file an undertaking to pay the
costs of such suit, and may assess costs against any such party litigant, in the manner and to the extent provided in the Trust Indenture Act; provided that 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 Securities Outstanding 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 6 
 THE TRUSTEE

 Section 6.1    Certain Duties and Responsibilities. 

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

(2)    Except during the continuance of an Event of Default: 

  
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 (A)    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. 

(B)    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 Officers’ Certificates or Opinions of Counsel furnished to the Trustee and conforming to the requirements of this Indenture; however, in the case of any such Officers’ Certificates or
Opinions of Counsel which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such Officers’ Certificates and Opinions of Counsel to determine whether or not they conform to the
requirements of this Indenture (but need not confirm or investigate the accuracy of any mathematical calculations or other facts stated therein). 

(3)    The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act or
its own willful misconduct or bad faith, except that: 
 (A)    This paragraph does not limit the effect of paragraph
(2) of this Section. 
 (B)    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. 

(C)    The Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it with
respect to Securities of any series in good faith in accordance with the direction of the Holders of a majority in principal amount of the Outstanding Securities of such series relating to the time, method and place of conducting any proceeding for
any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such series. 

(4)    Every provision of this Indenture that in any way relates to the Trustee is subject to paragraph (1), (2) and
(3) of this Section. 
 (5)    The Trustee may refuse to perform any duty or to exercise any of the rights or
powers vested in it by this Indenture at the request or direction of any of Holder or Holders pursuant to this Indenture, unless such Holder or Holders shall have offered and, if requested, provided to the Trustee reasonable security or indemnity
against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. 

(6)    No provision of this Indenture shall require the Trustee to risk its own funds or otherwise incur any financial
liability in the performance of any of its duties, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk is not reasonably assured to
it. 
 (7)    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 the capacities hereunder, and to each agent, custodian and other Person employed to act hereunder. 

  
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 Section 6.2    Notice of Defaults. 

If a default occurs hereunder and is continuing with respect to Securities of any series and it is known to a Responsible Officer of the
Trustee, the Trustee shall give the Holders of Securities of such series notice of such default as and to the extent provided by the Trust Indenture Act; provided, however, that except in the case of a default in the payment of principal or
Redemption Price of (or premium, if any) or interest on, any Securities of such series or in the payment of any sinking fund installment, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the
executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the holders of Securities of such series. 

Section 6.3    Certain Rights of Trustee. 

Subject to the provisions of Section 6.1: 

(1)    in the absence of bad faith on the part of the Trustee, the Trustee may rely and shall be protected in acting or
refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon, other evidence of indebtedness or other paper or document believed by it to
be genuine and to have been signed or presented by the proper party or parties; 
 (2)    the Trustee shall not be bound
to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or
document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to
examine the books, records and premises of the Company, personally or by agent or attorney; 
 (3)    any request or
direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order (unless other evidence is specifically required herein), and any resolution of the Board of Directors shall be sufficiently evidenced by
a Board Resolution; 
 (4)    whenever in the administration of this Indenture the Trustee shall deem it desirable that
a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed), in the absence of bad faith on its part, is entitled to and may rely upon an
Officers’ Certificate; 
 (5)    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; 

  
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 (6)     the Trustee may execute any of the trusts or powers hereunder or
perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder. 

(7)    the Trustee shall not be charged with knowledge of any default or Event of Default with respect to the Securities
of any series for which it is acting as Trustee unless either (1) a Responsible Officer shall have actual knowledge of such default or Event of Default or (2) written notice of such default or Event of Default shall have been given to the
Trustee by the Company or any other obligor on such Securities or by any Holder of such Securities; 
 (8)    the
Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; 

(9)    the Trustee may request that the Company deliver an Officers’ Certificate setting forth the name of the
individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any Person authorized to sign an Officers’ Certificate, including any Person
specified as so authorized in any such certificate previously delivered and not superseded; and 
 (10)    in no event
shall the Trustee be responsible or liable for special, punitive, indirect or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood
of such loss or damage and regardless of the form of action. 
 Section 6.4    Not Responsible for Recitals or
Issuance of Securities. 
 The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication,
shall be taken as the statements of the Company, and neither the Trustee nor any Security Registrar, Paying Agent or Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity or
sufficiency of this Indenture or of the Securities. Neither the Trustee nor any Security Registrar, Paying Agent or Authenticating Agent shall be accountable for the use or application by the Company of Securities or the proceeds thereof. 

Section 6.5    May Hold Securities and Act as Trustee under Other Indentures. 

The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the Company, in its individual or any
other capacity, may become the owner or pledgee of Securities and, subject to Sections 6.8 and 6.13, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security
Registrar or such other agent. 
 Subject to the limitations imposed by the Trust Indenture Act, nothing in this Indenture shall prohibit
the Trustee from becoming and acting as trustee under other indentures under which other securities, or certificates of interest of participation in other securities, of the Company are outstanding in the same manner as if it were not Trustee
hereunder. 

  
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 Section 6.6    Money Held in Trust. 

Subject to the provisions of Sections 10.3 and 13.5, all moneys received by the Trustee shall, until used or applied, as provided herein, be
held in trust for the purposes for which they were received. Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any money
received by it hereunder except as otherwise agreed in writing with the Company. So long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid by the Company from time to time upon a
Company Order. 
 Section 6.7    Compensation and Reimbursement. 

The Company shall pay to the Trustee from time to time such reasonable compensation for its services as the Company and the Trustee may agree
in writing from time to time. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses, disbursements and advances incurred by it in connection with the performance of its duties under this Indenture, except any such expense, disbursement or advance as may be attributable
to its negligence, willful misconduct or bad faith. Such expenses shall include the reasonable compensation and expenses of the Trustee’s agents and counsel. 

The Company shall indemnify the Trustee for, and hold it harmless against, any and all loss, liability, damage, claim or expense (including
attorneys’ fees and expenses, and including taxes other than taxes based upon, measured by or determined by the income of the Trustee), including without limitation the costs and expenses of defending itself against any third-party claim
(whether asserted by any Holder or any other Person (other than the Company to the extent of any claim brought by it against the Trustee that establishes a breach by the Trustee in the observance or performance of its duties under this Indenture)),
incurred by it without negligence, willful misconduct or bad faith arising out of or in connection with its acceptance or administration of the trust or trusts hereunder, including the performance of its duties or the exercise of its powers
hereunder. With respect to any such claim other than a claim brought by the Company, (i) the Trustee shall notify the Company promptly of any claim for which it may seek indemnity, (ii) the Company may at its option defend the claim, in
which event the Trustee shall cooperate in the defense and the Trustee may have one separate counsel and the Company shall pay the reasonable fees and expenses of such counsel and (iii) the Company need not pay for any settlement made without
its consent, which consent shall not be unreasonably withheld. This indemnification shall apply to officers, directors, employees, shareholders and agents of the Trustee. 

To secure the Company’s payment obligations in this Section, the Trustee shall have a lien prior to the Securities of any series on all
money or property held or collected by the Trustee, except that held in trust to pay principal of and interest on particular Securities of that series. 

When the Trustee incurs expenses or renders services after an Event of Default specified in Section 5.1(5) or (6) occurs, the
expenses and the compensation for the services are intended to constitute expenses of administration under any applicable bankruptcy, insolvency, reorganization or similar law. 

  
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 The provisions of this Section 6.7 and any lien arising hereunder shall survive the
resignation or removal of the Trustee or the discharge of the Company’s obligations under this Indenture and the termination of this Indenture. 

Section 6.8    Conflicting Interests. 

If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act and there is an Event of Default under
the Securities of that series, the Trustee shall either eliminate such conflicting interest or resign, to the extent and in the manner and with the effect provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To
the extent permitted by the Trust Indenture Act, the Trustee shall not be deemed to have a conflicting interest by virtue of being a trustee under this Indenture with respect to Securities of more than one series or any other indenture. 

Section 6.9    Eligibility; Disqualification. 

There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series (which need not be the same
Trustee for all series). A Trustee may be Trustee hereunder for Securities of one or more series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such and has (or if the Trustee is a member of a bank
holding company system, its bank holding company has) a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by federal or state (or the District of Columbia) authority. If any such Person or bank holding
company publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined
capital and surplus of such Person or bank holding company shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any
series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 

The Indenture shall always have a Trustee who satisfies the requirements of Sections 310(a)(1), 310(a)(2) and 310(a)(5) of the Trust Indenture
Act. 
 Section 6.10    Resignation and Removal; Appointment of Successor. 

No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the
acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 6.11. 
 The Trustee may
resign at any time with respect to the Securities of one or more series by giving written notice thereof to the Company. If the instrument of acceptance by a successor Trustee required by Section 6.11 shall not have been delivered to the
Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition at the expense of the Company any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of
such series. 

  
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 The Trustee may be removed at any time with respect to the Securities of any series by Act
of the Holders of a majority in principal amount of the Securities Outstanding of such series, delivered to the Trustee and to the Company. If the instrument of acceptance by a successor Trustee required by Section 6.11 shall not have been
delivered to the removed Trustee within 30 days after the receipt of such notice of removal, the removed Trustee may petition at the expense of the Company any court of competent jurisdiction for the appointment of a successor Trustee with
respect to the Securities of such series. 
 If at any time: 

(1)    the Trustee shall fail to comply with Section 6.8 after written request therefor by the Company or by any
Holder who has been a bona fide Holder of a Security for at least six months, or 
 (2)    the Trustee shall cease to be
eligible under Section 6.9 and shall fail to resign after written request therefor by the Company or by any such Holder, or 

(3)    the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the
Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 

then, in any such case, (A) the Company by a Board Resolution may remove the Trustee with respect to all Securities, or (B) subject to
Section 5.14, any Holder who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect
to all Securities and the appointment of a successor Trustee or Trustees. 
 If the Trustee shall resign, be removed or become incapable of
acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect to the Securities of one or more series, the Company by a Board Resolution 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) and such successor Trustee or Trustees shall comply with the applicable requirements of Section 6.11. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor
Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Securities Outstanding of such series delivered to the Company and the retiring Trustee, the successor Trustee so
appointed shall, forthwith upon its acceptance of such appointment in accordance with the applicable requirements of Section 6.11, become the successor Trustee with respect to the Securities of such series and to that extent supersede the
successor Trustee appointed by the Company. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the Company or the Holders and accepted appointment in the manner required by Section 6.11, the
retiring Trustee may petition, or any Holder who has been a bona fide Holder of 

  
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a Security of such series for at least six months may petition, on behalf of himself and all others similarly situated, any court of competent jurisdiction for the appointment of a successor
Trustee with respect to the Securities of such series. 
 The Company shall give notice of each resignation and each removal of the Trustee
with respect to the Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series to all Holders of Securities of such series in the manner provided in Section 1.7. Each notice shall include
the name of the successor Trustee with respect to the Securities of such series and the address of its Corporate Trust Office. 

Section 6.11    Acceptance of Appointment by Successor. 

In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed shall
execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any
further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges,
execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring
Trustee hereunder. 
 In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not
all) series, the Company the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and
which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, 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; and 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 any further act, deed
or conveyance, shall become vested with 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; 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. 

  
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 Upon request of any such successor Trustee, the Company shall execute any and all
instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in the first or second preceding paragraph, as the case may be. 

No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible
under this Article. 
 Section 6.12    Merger, Conversion, Consolidation or Succession to Business. 

Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to or acquiring all or substantially all the corporate trust business of the Trustee (including the administration of the trust created by this
Indenture), shall be the successor of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties
hereto. In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to, or by succession to or acquisition of all or substantially all of the corporate
trust business of, such successor Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities. 

Section 6.13    Preferential Collection of Claims Against Company. 

If and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Securities) as provided in the Trust
Indenture Act, the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Company (or any such other obligor). 

Section 6.14    Appointment of Authenticating Agent. 

The Trustee may appoint an Authenticating Agent or Agents with respect to one or more series of Securities which shall be authorized to act on
behalf of the Trustee to authenticate Securities of such series issued upon original issue and upon exchange, registration of transfer or partial redemption thereof or pursuant to Section 3.6, and Securities so authenticated shall be entitled
to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the
Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an
Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and, except as other specified as contemplated by Section 3.1, shall at all times be a bank or trust company or corporation organized and doing business under
the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to 

  
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act as Authenticating Agent, having (or if the Authenticating Agent is a member of a bank holding company system, its bank holding company has) a combined capital and surplus of not less than
$50,000,000 and subject to supervision or examination by Federal or State (or the District of Columbia) authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said
supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so
published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. 

Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to or acquiring the corporate agency or corporate trust business of an Authenticating Agent, shall continue to
be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent. 

An Authenticating Agent for any series of Securities may resign at any time by giving written notice thereof to the Trustee for such series
and to the Company. The Trustee for any series of Securities may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of
resignation or upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee for such series may appoint a successor Authenticating Agent which
shall be acceptable to the Company and shall give notice of such appointment in the manner provided in Section 1.7 to all Holders of Securities of the series with respect to which such Authenticating Agent will serve. Any successor
Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor
Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 
 The Company agrees to pay to each
Authenticating Agent from time to time reasonable compensation for its services under this Section. 
 If an appointment with respect to one
or more series is made pursuant to this Section, the Securities of such series may have endorsed thereon, in lieu of the Trustee’s certificate of authentication, an alternative certificate of authentication in the following form: 

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

  
 45 

 
			
	  

	U.S. Bank National Association, as Trustee
		
	By:	 	  

		 	As Authenticating Agent
		
	By:	 	  

		 	Authorized Officer

 Notwithstanding any provision of this Section 6.14 to the contrary, if at any time any
Authenticating Agent appointed hereunder with respect to any series of Securities shall not also be acting as the Security Registrar hereunder with respect to any series of Securities, then, in addition to all other duties of an Authenticating Agent
hereunder, such Authenticating Agent shall also be obligated: (i) to furnish to the Security Registrar promptly all information necessary to enable the Security Registrar to maintain at all times an accurate and current Security Register; and
(ii) prior to authenticating any Security denominated in a foreign currency, to ascertain from the Company the units of such foreign currency that are required to be determined by the Company pursuant to Section 3.2. 

ARTICLE 7 

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 

Section 7.1    Company to Furnish Trustee Names and Addresses of Holders. 

The Company will furnish or cause to be furnished to the Trustee 

(1)    not later than 15 days after the Regular Record Date for each respective series of Securities, or if there is no
Regular Record Date for such series of Securities, semi-annually on January 1 and July 1, a list, in such form as the Trustee may reasonably require, of the names and addresses of the Holders of Securities of each series as of such date,
as the case may be, and 
 (2)    at such other times as the Trustee may request in writing, within 30 days after the
receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; 

provided that no such list need be furnished by the Company to the Trustee so long as the Trustee is acting as Security Registrar. 

Section 7.2    Preservation of Information; Communications to Holders. 

The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent
list furnished to the Trustee as provided in Section 7.1 and the names and addresses of Holders received by the Trustee in its capacity as Security Registrar. The Trustee may destroy any list furnished to it as provided in Section 7.1 upon
receipt of a new list so furnished. 
 The rights of Holders to communicate with other Holders with respect to their rights under this
Indenture or under the Securities, and the corresponding rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act. 

  
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 Every Holder of Securities, by receiving and holding the same, agrees with the Company and
the Trustee that neither the Company nor the Trustee nor any agent of either of them shall be held accountable by reason of any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act. 

Section 7.3    Reports by Trustee. 

The Trustee shall transmit to Holders and any other required Persons such reports concerning the Trustee and its actions under this Indenture
as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto. 
 As promptly as
practicable after each January 1 beginning with the January 1 following the date of this Indenture, and in any event prior to March 1 in each year, the Trustee shall mail to each Holder a brief report dated as of December 31 of
the prior year if and to the extent required by Section 313(a) of the Trust Indenture Act. The Trustee shall also comply with Section 313(b) of the Trust Indenture Act. 

A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange upon which any
Securities are listed, with the Commission and with the Company. The Company will notify the Trustee when any Securities are listed on any stock exchange. 

Section 7.4    Reports by Company. 

Any information, documents or other reports that the Company shall file with the Commission pursuant to Section 13 or 15(d) of the
Exchange Act (excluding any such information, documents or reports, or portions thereof, subject to confidential treatment and any correspondence with the Commission) shall be filed with the Trustee within 15 days after the same is filed with the
Commission (giving effect to any grace period provided by Rule 12b-25 under the Exchange Act); provided that any such information, documents or reports filed with the Commission pursuant to its Electronic Data
Gathering, Analysis and Retrieval (or EDGAR) system shall be deemed to be filed with the Trustee as of the time such information, documents or reports are filed via EDGAR. The Trustee will have no responsibility to determine whether the posting of
such financial statements and reports has occurred; 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 under the Indenture (as to which the Trustee is entitled to rely on Officers’ Certificates).

  
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 ARTICLE 8 

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 

Section 8.1    Company May Consolidate, etc., Only on Certain Terms. 

The Company shall not consolidate with, enter into a binding share exchange with, or merge with or into, another Person or sell, assign,
convey, transfer, lease or otherwise dispose of all or substantially all of the Company’s properties and assets, to any Person, unless: 

(1)    the resulting, surviving or transferee Person, if not the Company, shall be a corporation organized and existing
under the laws of the United States of America or a State thereof or the District of Columbia and such Person (if not the Company) shall expressly assume, by supplemental indenture, all of the obligations of the Company under the Securities and
under this Indenture; 
 (2)    immediately after giving effect to such transaction, no Default or Event of Default
shall have occurred and be continuing under this Indenture; and 
 (3) the Company shall have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel each stating that such merger, consolidation, sale, conveyance, transfer, lease or other disposition complies with this Article and that all conditions precedent herein provided for relating to such transaction
have been complied with. 
 Section 8.2    Successor Substituted. 

In case of any such consolidation, merger, sale, conveyance, transfer or lease and upon the assumption by the successor Person, by supplemental
indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the due and punctual payment of the principal of and accrued and unpaid interest on all of the Securities, the due and punctual delivery or payment, as the
case may be, of the due and punctual performance of all of the covenants and conditions of the Indenture to be performed by the Company, such successor Person (if not the Company) shall succeed to and, except in the case of a lease, shall be
substituted for the Company, with the same effect as if it had been named herein as the party of the first part. In the event of any such consolidation, merger, sale, conveyance or transfer (but not in the case of a lease), upon compliance with this
Article 8 the Person named as the “Company” in the first paragraph of the Indenture (or any successor that shall thereafter have become such in the manner prescribed in this Article 8) may be dissolved, wound up and liquidated at any time
thereafter and, except in the case of a lease, such Person shall be released from its liabilities as obligor and maker of the Securities and from its obligations under the Indenture and the Securities. 

ARTICLE 9 
 SUPPLEMENTAL
INDENTURES 
 Section 9.1    Supplemental Indentures Without Consent of Holders. 

Without the consent of any Holders, the Company, when authorized by a Board Resolution, and the Trustee, at any time and from time to time, may
enter into one or more indentures supplemental hereto for any of the following purposes: 
 (1)    to evidence the
succession of another Person to the Company (or any guarantor of all or any series of Securities), or successive successions, and the assumption by any such successor of the covenants and obligations of the Company (or any such guarantor) herein and
in the Securities in compliance with Article 8; or 

  
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 (2)    to add to the covenants of the Company for the benefit of the
Holders of any one or more series of Securities (and if such covenants are to be for the benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the benefit of such series) ), to convey,
transfer, assign, mortgage or pledge any property to or with the Trustee or otherwise secure any series of the Securities, including provisions regarding the circumstances under which collateral may be released or substituted, to surrender any right
or power herein conferred upon the Company or to comply with any requirement of the Commission or otherwise in connection with the qualification of this Indenture or any supplemental indenture under the Trust Indenture Act; or 

(3)    to add any additional Events of Default for the benefit of the Holders of any one or more series of Securities (and
if such additional Events of Default are to be for the benefit of less than all series of Securities, stating that such additional Events of Default are expressly being included solely for the benefit of such series); or 

(4)    to add to or change any of the provisions of this Indenture to such extent as shall be necessary to permit or
facilitate the issuance of Securities in bearer form, registrable or not registrable as to principal, and with or without interest coupons, or to permit or facilitate the issuance of Securities in global form or uncertificated form; or 

(5)    to add to, change or eliminate any of the provisions of this Indenture in respect of one or more series of
Securities, provided that any such addition, change or elimination (A) shall neither (i) apply to any Security Outstanding of any series created prior to the execution of such supplemental indenture and entitled to the benefit of such
provision, or (ii) modify the rights of any Holder of any Security Outstanding with respect to such provision, or (B) shall become effective when there is no Security then Outstanding; or 

(6)    to add or provide for a guaranty or guarantees of the Securities or additional obligors on the Securities; or 

(7)    to establish the form or terms of Securities of any series as permitted by Sections 2.1 and 3.1; or 

(8)    to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the
Securities of one or more series and to 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, pursuant to the requirements of
Section 6.11; or 
 (9)    to correct or supplement any provision herein which may be defective or inconsistent
with any other provision herein, to cure any ambiguity or omission, to correct any mistake, or to conform to the description of securities in any Prospectus pursuant to which Securities of any series were offered, including any changes that are
necessary to comply with the requirements of the Securities and Exchange Commission to effect or maintain the qualification of the Indenture under the Trust Indenture Act; or 

  
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 (10)    to supplement any of the provisions of this Indenture to such
extent as shall be necessary to permit or facilitate the defeasance and discharge of any series of Securities pursuant to Articles 4 and 13, provided that any such action shall not adversely affect the interests of the Holders of Securities of such
series or any other series of Securities in any material respect as determined in good faith by the Board of Directors of the Company; or 

(11)    make such other provisions in regards to matters or questions arising under this Indenture or any supplemental
indenture hereto as the Board of Directors of the Company may deem necessary or desirable, and which does not in each case adversely affect the interests of the Holders of Securities of any series as determined in good faith by the Board of
Directors of the Company. 
 Section 9.2    Supplemental Indentures with Consent of Holders. 

With the consent of the Holders of a majority in principal amount of the Securities Outstanding of each series affected by such supplemental
indenture (acting as one class), by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of
adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or any indenture supplemental hereto or of modifying in any manner the rights of the Holders of Securities of such series under this Indenture;
provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Security Outstanding affected thereby, 

(1)    change the Stated Maturity of the principal of or any installment of principal of, or the date fixed for payment of
interest on or any sinking fund payment with respect to, any Security, or reduce the principal amount thereof or premium due or the rate of interest thereon, any premium payable upon the redemption thereof (except as contemplated by Section 8.1
and permitted by clause (1) of Section 9.1), or reduce the amount of the principal of an Original Issue Discount Security or any other Security which would be due and payable upon a declaration of acceleration of the Maturity thereof
pursuant to Section 5.2, or change any Place of Payment where, or the coin or currency or currencies (including composite currencies) in which any Security or any premium or interest thereon is payable, or modify the provisions of the Indenture
with respect to the ranking of any Security in a manner adverse to the holders of such Security, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption, on
or after the Redemption Date), or 
 (2)    reduce the percentage in principal amount of the Securities Outstanding of
any series, the consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their
consequences) provided for in this Indenture, or 
 (3)    modify any of the provisions of this Section or
Section 5.13, except to increase any such percentage or to provide with respect to any particular series the right to condition the effectiveness of any supplemental indenture as to that series on the consent of the

  
 50 

 
Holders of a specified percentage of the aggregate principal amount of Securities Outstanding of such series (which provision may be made pursuant to Section 3.1 without the consent of any
Holder) or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Security Outstanding affected thereby; provided, however, that this clause shall not be deemed to require
the consent of any Holder with respect to changes in the references to “the Trustee” and concomitant changes in this Section, or the deletion of this proviso, in accordance with the requirements of Sections 6.11 and 9.1(8). 

A supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which has expressly been included
solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this
Indenture of the Holders of Securities of any other series. 
 It shall not be necessary for any Act of Holders under this Section to
approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 

Section 9.3    Execution of Supplemental Indentures. 

In executing, or accepting the additional trusts created by, any supplemental indenture 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 Sections 6.1 and 6.3) shall be fully protected in relying upon, an Opinion of Counsel 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 such supplemental indenture which affects the Trustee’s own rights, duties, immunities or liabilities under this Indenture or otherwise.

 Section 9.4    Effect of Supplemental Indentures. 

Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such
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; provided that if such supplemental indenture makes
any of the changes described in clauses (1) through (3) of the first proviso to Section 9.2, such supplemental indenture shall bind each Holder of a Security who has consented to it and every subsequent Holder of such Security or any part
thereof. 
 Section 9.5    Conformity with Trust Indenture Act. 

Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act. 

Section 9.6    Reference in Securities to Supplemental Indentures. 

Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall
if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental 

  
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indenture. If the Company shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Company, to any such supplemental indenture may be
prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Securities Outstanding of such series. 

ARTICLE 10 
 COVENANTS

 Section 10.1    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 and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture. 

Section 10.2    Maintenance of Office or Agency. 

The Company will maintain in each Place of Payment for any series of Securities an office or agency where Securities of that series may be
presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may
be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of any such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail
to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such
presentations, surrenders, notices and demands. Unless otherwise provided in a supplemental indenture or pursuant to Section 3.1 hereof, the Place of Payment for any series of Securities shall be the Corporate Trust Office of the Trustee. 

The Company may also from time to time designate one or more other offices or agencies where the Securities of one or more series may be
presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or
agency in each Place of Payment for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency.

 Section 10.3    Money for Securities Payments to be Held in Trust. 

If the Company, any Subsidiary or any of their respective Affiliates shall at any time act as Paying Agent with respect to any series of
Securities, such Paying Agent will, on or before each due date of the principal of or any premium or interest on any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to
pay the principal and any premium and interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act. 

  
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 Whenever the Company shall have one or more Paying Agents for any series of Securities, it
will, on or prior to each due date of the principal of or any premium or interest on any Securities of that series, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held as provided by the Trust Indenture Act, and
(unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 
 The Company
will cause each Paying Agent for any series of Securities other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying
Agent will (1) comply with the provisions of the Trust Indenture Act applicable to it as a Paying Agent and (2) during the continuance of any default by the Company (or any other obligor upon the Securities of that series) in the making of
any payment in respect of the Securities of that series, upon the written request of the Trustee, forthwith pay to the Trustee all sums held in trust by such Paying Agent for payment in respect of the Securities of that series. 

The Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture, or with respect to one or more
series of Securities, or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those
upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of or any
premium or interest on any Security of any series and remaining unclaimed for a period ending on the earlier of the date that is ten Business Days prior to the date such money would escheat to the State or two years after such principal, premium or
interest has become due and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only
to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such
Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in a newspaper published in the English language, customarily published on each Business Day and of general circulation in
each Place of Payment, notice that such money remains unclaimed and that, after a date specified herein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will, unless
otherwise required by mandatory provisions of applicable escheat, or abandoned or unclaimed property law, be repaid to the Company. 

Section 10.4    Statement by Officers as to Default. 

At any time at which there are Securities of any series issued and Outstanding under this Indenture, the Company will deliver to the Trustee,
within 120 days after the end of each fiscal year of the Company ending after the date hereof, an Officers’ Certificate complying with Section 314(a)(4) of the Trust Indenture Act and stating that a review of the activities of the

  
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Company during such year and of performance under this Indenture has been made under the supervision of the signers thereof and stating whether or not to the best knowledge of the signers
thereof, based upon such review, the Company is in default in the performance and observance of any of the terms, provisions and conditions of this Indenture (without regard to any period of grace or requirement of notice provided hereunder) and, if
the Company shall be in default, specifying all such defaults and the nature and status thereof of which they may have knowledge. 

Section 10.5    Existence. 

Subject to Article 8, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its existence.

 Section 10.6    Waiver of Certain Covenants. 

Except as otherwise specified as contemplated by Section 3.1 for Securities of such series, the Company may, with respect to the
Securities of any series, omit in any particular instance to comply with any term, provision or condition set forth in any covenant provided pursuant to Sections 3.1(21), 9.1(2), 8.1, 10.4 or 10.5 for the benefit of the Holders of such series if
before or after the time for such compliance the Holders of at least a majority in principal amount of the Securities Outstanding of such series shall, by Act of such Holders, either waive such compliance in such instance or generally waive
compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company
and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect. 

Section 10.7    Additional Amounts. 

If the Securities of a series expressly provide for the payment of Additional Amounts, the Company will pay to the Holder of any Security of
such series Additional Amounts as expressly provided therein. Whenever in this Indenture there is mentioned, in any context, the payment of the principal of, or premium (if any) or interest on any Security of any series or the net proceeds received
from the sale or exchange of any Security of any series, such mention shall be deemed to include mention of the payment of Additional Amounts provided for therein to the extent that, in such context, Additional Amounts are, were or would be payable
in respect thereof pursuant to the provisions thereof and express mention of the payment of Additional Amounts (if applicable) in any provisions hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such
express mention is not made. 
 ARTICLE 11 

REDEMPTION OF SECURITIES 

Section 11.1    Applicability of Article. 

Securities of any series that are redeemable in whole or in part before their Stated Maturity shall be redeemable in accordance with their
terms and (except as otherwise specified as contemplated by Section 3.1 for such Securities) in accordance with this Article. 

  
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 Section 11.2    Election to Redeem; Notice to Trustee. 

The election of the Company to redeem any Securities shall be evidenced by a Board Resolution or in another manner specified as contemplated by
Section 3.1 for such Securities. Unless otherwise specified in the Board Resolution, Officers’ Certificate or a supplemental indenture establishing such series in the manner specified by Section 3.1 for such Securities, in case of any
redemption at the election of the Company of less than all the Securities of any series (including any such redemption affecting only a single Security), the Company shall, at least 60 days prior to the Redemption Date fixed by the Company (unless a
shorter notice shall be satisfactory to the Trustee or is specified in the Board Resolution, Officers’ Certificate or supplemental indenture establishing such series), notify the Trustee of such Redemption Date, of the principal amount of
Securities of such series to be redeemed and, if applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of Securities (i) prior to the expiration of any restriction on such redemption provided in the terms of
such Securities or elsewhere in this Indenture or (ii) pursuant to an election of the Company which is subject to a condition specified in the terms of such Securities, the Company shall furnish the Trustee with an Officers’ Certificate
evidencing compliance with such restriction or condition. 
 Section 11.3    Selection by Trustee of Securities to
Be Redeemed. 
 Unless otherwise specified in the Board Resolution, Officers’ Certificate or a supplemental indenture establishing such
series in the manner specified by Section 3.1 for such Securities, if less than all the Securities of any series are to be redeemed (unless all the Securities of such series and of a specified tenor are to be redeemed or unless such redemption
affects only a single Security), the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Securities of such series that are Outstanding and not previously called for
redemption, on a pro-rata basis, or in the Trustee’s discretion, by lot, or by such other method as the Trustee shall deem fair and appropriate, provided that the unredeemed portion of the principal
amount of any Security shall be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such Security. Unless otherwise specified the Board Resolution, Officers’ Certificate or a supplement indenture
establishing such series in the manner specified by Section 3.1 for such Securities, if less than all the Securities of such series and of a specified tenor are to be redeemed (unless such redemption affects only a single Security), the
particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Securities of such series and specified tenor that are Outstanding and not previously called for redemption in
accordance with the preceding sentence. 
 The Trustee shall promptly notify the Company and the Security Registrar in writing of the
Securities selected for redemption as aforesaid and, in case of any Securities selected for partial redemption as aforesaid, the principal amount thereof to be redeemed. 

The provisions of the three preceding paragraphs shall not apply with respect to any redemption affecting only a single Security, whether such
Security is to be redeemed in whole or in part. In the case of any such redemption in part, the unredeemed portion of the principal amount of the Security shall be in an authorized denomination (which shall not be less than the minimum authorized
denomination) for such Security. 

  
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 For all purposes of this Indenture, unless the context otherwise requires, all provisions
relating to the redemption of Securities shall relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities which has been or is to be redeemed. 

Section 11.4    Notice of Redemption. 

Unless otherwise specified in the Board Resolution, Officers’ Certificate or a supplemental indenture establishing such series in the
manner specified by Section 3.1 for such Securities, notice of redemption shall be given in the manner provided in Section 1.7 not fewer than 30 nor more than 60 days prior to the Redemption Date, unless a shorter period is specified in
the Securities to be redeemed, to each Holder of Securities to be redeemed, at its address appearing in the Security Register or, if the Securities are held in book-entry form, sent by electronic transmission. 

All notices of redemption shall state: 

(1)    the Redemption Date, 

(2)    the Redemption Price (including accrued interest, if any, to be paid), 

(3)    if less than all the Securities Outstanding of any series consisting of more than a single Security are to be
redeemed, the identification (and, in the case of partial redemption of any such Securities, the principal amounts) of the particular Securities to be redeemed and, if less than all the Securities Outstanding of any series consisting of a single
Security are to be redeemed, the principal amount of the particular Security to be redeemed, 
 (4)    in case any
Security is to be redeemed in part only, that on and after the Redemption Date, upon surrender of such Security, the Holder of such Security will receive, without charge, a new Security or Securities of authorized denominations for the principal
amount thereof remaining unredeemed, 
 (5)    that on the Redemption Date the Redemption Price will become due and
payable upon each such Security to be redeemed and, if applicable, that interest thereon will cease to accrue on and after said date, 

(6)    the place or places where each such Security is to be surrendered for payment of the Redemption Price, 

(7)    if applicable, the conversion price, the date on which the right to convert the principal of the Securities or the
portions thereof to be redeemed will terminate, and the place or places where such Securities may be surrendered for conversion, 

(8)    that the redemption is for a sinking fund, if such is the case, and 

(9)    the CUSIP number or numbers and/or common codes of the Security being redeemed. 

  
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 Notice of redemption of Securities to be redeemed at the election of the Company shall be
given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company, provided that the Company shall have prepared and provided to the Trustee the form of such notice, or, if acceptable to the
Trustee, provided sufficient information to enable the Trustee to prepare such notice, in each case on a timely basis. 

Section 11.5    Deposit of Redemption Price. 

Unless otherwise specified in the Board Resolution, Officers’ Certificate or a supplemental indenture establishing such series in the
manner specified by Section 3.1 for such Securities, on or prior to 10:00 a.m., Eastern time on any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent,
segregate and hold in trust as provided in Section 10.3) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest, if any, on, all the Securities which
are to be redeemed on that date. 
 If any Security called for redemption is converted, any money deposited with the Trustee or with a
Paying Agent or so segregated and held in trust for the redemption of such Security shall (subject to any right of any Holder of such Security to receive interest thereon) be paid to the Company on Company Request, or if then held by the Company,
shall be discharged from such trust. 
 Section 11.6    Securities Payable on Redemption Date. 

Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at
the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest, if any) such Securities shall cease to bear interest. Upon surrender of any such
Security for redemption in accordance with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest, if any, to the Redemption Date; provided, however, that, unless otherwise specified as
contemplated by Section 3.1, installments of interest whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of
business on the relevant Record Dates according to their terms and the provisions of Section 3.7. 
 If any Security called for
redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security. 

Section 11.7    Securities Redeemed in Part. 

Any Security which is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company or the Trustee so
requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or its attorney duly authorized in writing), and the Company shall execute, and the Trustee
shall authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of the same series and Stated Maturity and of like tenor, of any authorized denomination as requested by such Holder, in aggregate
principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered. 

  
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 Unless otherwise specified as contemplated by Section 3.1, the Company and any
Affiliate of the Company may at any time purchase or otherwise acquire Securities in the open market or by private agreement. Such acquisition shall not operate as or be deemed for any purpose to be a redemption of the indebtedness represented by
such Securities. Any Securities purchased or acquired by the Company may be delivered to the Trustee and, upon such delivery, the indebtedness represented thereby shall be deemed to be satisfied. Section 3. 9 shall apply to all Securities so
delivered. 
 ARTICLE 12 

SINKING FUNDS 

Section 12.1    Applicability of Article. 

The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of any series except as otherwise
specified as contemplated by Section 3.1 for such Securities. 
 The minimum amount of any sinking fund payment provided for by the
terms of any Securities is herein referred to as a “mandatory sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of such Securities is herein referred to as an “optional sinking fund
payment.” If provided for by the terms of any Securities, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 12.2. Each sinking fund payment shall be applied to the redemption of Securities as
provided for by the terms of such Securities. 
 Section 12.2    Satisfaction of Sinking Fund Payments with
Securities. 
 The Company (1) may deliver Securities Outstanding of a series (other than any previously called for redemption) and
(2) may apply as a credit Securities of a series which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the
terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to any Securities of such series required to be made pursuant to the terms of such Securities as and to the extent provided for by the
terms of such Securities; provided that the Securities to be so credited have not been previously so credited. The Securities to be so credited shall be received and credited for such purpose by the Trustee at the Redemption Price, as specified in
the Securities so to be redeemed, for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. 

Section 12.3    Redemption of Securities for Sinking Fund. 

Not fewer than 60 days prior (unless a shorter period shall be satisfactory to the Trustee) to each sinking fund payment date for any
Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for such 

  
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Securities pursuant to the terms of such Securities, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by
delivering and crediting Securities pursuant to Section 12.2 and will also deliver to the Trustee any Securities to be so delivered. Not fewer than 30 days prior to each such sinking fund payment date, the Trustee shall select the Securities to
be redeemed upon such sinking fund payment date in the manner specified in Section 11.3 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 11.4. Such
notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 11.6 and 11.7. 

ARTICLE 13 
 DEFEASANCE
AND COVENANT DEFEASANCE 
 Section 13.1    Company’s Option to Effect Defeasance or Covenant Defeasance.

 The Company may elect, at its option at any time, to have Section 13.2 or Section 13.3 applied to any Securities or any series
of Securities, as the case may be, designated pursuant to Section 3.1 as being defeasible pursuant to such Section 13.2 or 13.3, in accordance with any applicable requirements provided pursuant to Section 3.1 and upon compliance with
the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 3.1 for such Securities. The Company may elect to have Section 13.2 apply
to any Securities or any series of Securities notwithstanding its prior election to have Section 13.3 apply to such Securities or series of Securities. 

Section 13.2    Defeasance and Discharge. 

Upon the Company’s exercise of its option (if any) to have this Section applied to any Securities or any series of Securities, as the case
may be, the Company shall be deemed to have been discharged from its obligations with respect to such Securities as provided in this Section on and after the date the conditions set forth in Section 13.4 are satisfied (hereinafter called
“Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Securities and to have satisfied all its other obligations under such
Securities and this Indenture insofar as such Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), subject to the following which shall survive until otherwise terminated
or discharged hereunder: 
 (1)    the rights of Holders of such Securities to receive, solely from the trust fund
described in Section 13.4 and as more fully set forth in such Section, payments in respect of the principal of and any premium and interest on such Securities when payments are due, 

(2)    the Company’s obligations with respect to such Securities under Sections 3.4, 3.5, 3.6, 10.2 and 10.3, 

(3)    the rights, powers, trusts, duties and immunities of the Trustee hereunder, and 

  
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 (4)    this Article. 

Subject to compliance with this Article, the Company may exercise its option (if any) to have this Section applied to any Securities notwithstanding the prior
exercise of its option (if any) to have Section 13.3 applied to such Securities. 
 Section 13.3    Covenant
Defeasance. 
 Upon the Company’s exercise of its option (if any) to have this Section applied to any Securities or any series of
Securities, as the case may be, 
 (1)    the Company shall be released from its obligations under Sections 8.1, 10.4 or
10.5 and any covenants provided pursuant to Sections 3.1(21) or 9.1(2) for the benefit of the Holders of such Securities and 

(2)    the occurrence of any event specified in Section 5.1(4) (with respect to any of Sections 8.1, 10.4 or 10.5 and
any such covenants provided pursuant to Sections 3.1(21) or 9.1(2)) and the occurrence of any other Event of Default specified pursuant to Section 3.1 or Section 9.1(3) shall be deemed not to be or result in an Event of Default, 

in each case with respect to such Securities or any series of Securities as provided in this Section on and after the date the conditions set forth in
Section 13.4 are satisfied (hereinafter called “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that, with respect to such Securities, 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 specified Section or such other covenant (to the extent so specified in the case of Section 5.1(4) and the occurrence of any Event of Default specified pursuant to Section 3.1 or
Section 9.1(3)), whether directly or indirectly by reason of any reference elsewhere herein to any such Section or such other covenant or by reason of any reference in any such Section or such other covenant to any other provision herein or in
any other document, but the remainder of this Indenture and such Securities shall be unaffected thereby. 

Section 13.4    Conditions to Defeasance or Covenant Defeasance. 

The following shall be the conditions to the application of Section 13.2 or Section 13.3 to any Securities or any series of
Securities, as the case may be: 
 (1)    The Company shall have deposited or caused to be deposited irrevocably with
the Trustee (or another trustee which satisfies the requirements contemplated by Section 6.9 and agrees to comply with the provisions of this Article applicable to it) as trust funds in trust for the purpose of making the following payments,
specifically pledged as security for, and dedicated solely to, the benefits of the Holders of such Securities, 

(A)    in the case of Securities of a series denominated in currency of the United States of America, 

(i)    cash in currency of the United States of America in an amount, or 

  
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 (ii)    U.S. Government Obligations which through the scheduled payment
of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment, an amount in cash, or 

(iii)    a combination thereof, or 

(B)    in the case of Securities of a series denominated in currency other than that of the United States of America,

 (i)    cash in the currency in which such series of Securities is denominated in an amount, or 

(ii)    Foreign Government Obligations which through the scheduled payment of principal and interest in respect thereof
in accordance with their terms will provide, not later than one day before the due date of any payment, an amount in cash, or 

(iii)    a combination thereof, 

in each case sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof
delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or any such other qualifying trustee) to pay and discharge, the principal of and any premium and interest on such Securities on the respective Stated
Maturities, in accordance with the terms of this Indenture and such Securities. 
 (2)    For Securities denominated in
United States dollars, in the event of an election to have Section 13.2 apply to any Securities or any series of Securities, as the case may be, the Company shall have delivered to the Trustee an Opinion of Counsel stating that 

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

(B)    since the date of this instrument, there has been a change in the applicable Federal income tax law, 

in either case (A) or (B) to the effect that, and based thereon such opinion shall confirm that, the beneficial owners of such Securities will not
recognize gain or loss for Federal income tax purposes as a result of the deposit, Defeasance and discharge to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and at the
same times as would be the case if such deposit, Defeasance and discharge were not to occur. 
 (3)    For Securities
denominated in United States dollars, in the event of an election to have Section 13.3 apply to any Securities or any series of Securities, as the case may be, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect
that the beneficial owners of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit and Covenant Defeasance to be effected with respect to such Securities and will be subject to Federal income tax
on the same amount, in the same manner and at the same times as would be the case if such deposit and Covenant Defeasance were not to occur. 

  
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 (4)    The Company shall have delivered to the Trustee an Officers’
Certificate to the effect that neither such Securities nor any other Securities of the same series, if then listed on any securities exchange, will be delisted as a result of such deposit. 

(5)    No event which is, or after notice or lapse of time or both would become, an Event of Default with respect to such
Securities or any other Securities shall have occurred and be continuing at the time of such deposit or, with regard to any such event specified in Sections 5.1(5) and (6), at any time on or prior to the 90th day after the date of such deposit (it
being understood that this condition shall not be deemed satisfied until after such 90th day). 
 (6)    Such Defeasance
or Covenant Defeasance shall not cause the Trustee to have a conflicting interest within the meaning of the Trust Indenture Act (assuming all Securities are in default within the meaning of such Act). 

(7)    Such Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under,
this Indenture or any other agreement or instrument to which the Company is a party or by which it is bound. 

(8)    Such Defeasance or Covenant Defeasance shall not result in the trust arising from such deposit constituting an
investment company within the meaning of the Investment Company Act unless such trust shall be registered under such Act or exempt from registration thereunder. 

(9)    The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each
stating that all conditions precedent with respect to such Defeasance or Covenant Defeasance have been complied with. 

Section 13.5    Deposited Money, U. S. Government Obligations and Foreign Government Obligations to be Held in Trust;
Miscellaneous Provisions. 
 Subject to the provisions of the last paragraph of Section 10.3, all money, U.S. Government Obligations
and Foreign Government Obligations (including the proceeds thereof) deposited with the Trustee or other qualifying trustee (solely for purposes of this Section and Section 13.6, the Trustee and any such other trustee are referred to
collectively as the “Trustee”) pursuant to Section 13.4 in respect of any Securities shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment, either
directly or through any such Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Holders of such Securities, of all sums due and to become due thereon in respect of principal and any premium and
interest, but money so held in trust need not be segregated from other funds except to the extent required by law. The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S.
Government Obligations or Foreign Government Obligations deposited pursuant to Section 13.4 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of
Securities Outstanding. Anything in this Article to the contrary notwithstanding, the Trustee shall deliver or 

  
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pay to the Company from time to time upon Company Request any money, U.S. Government Obligations or Foreign Government Obligations held by it as provided in Section 13.4 with respect to any
Securities which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be
deposited to effect the Defeasance or Covenant Defeasance, as the case may be, with respect to such Securities. 

Section 13.6    Reinstatement. 

If the Trustee or the Paying Agent is unable to apply any money in accordance with this Article with respect to any Securities by reason of any
order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the obligations under this Indenture and such Securities from which the Company has been discharged or released pursuant
to Section 13.2 or 13.3 shall be revived and reinstated as though no deposit had occurred pursuant to this Article with respect to such Securities, until such time as the Trustee or Paying Agent is permitted to apply all money held in trust
pursuant to Section 13.5 with respect to such Securities in accordance with this Article; provided, however, that if the Company makes any payment of principal of or any premium or interest on any such Security following such reinstatement of
its obligations, the Company shall be subrogated to the rights (if any) of the Holders of such Securities to receive such payment from the money so held in trust. 

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

			
	EURONET WORLDWIDE, INC.
		
	By:	 	 /s/ RICK L. WELLER

	Title:	 	Chief Financial Officer
	
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ CHERYL A. RAIN

	Title:	 	Vice President

  
 64

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