Document:

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                                                                    EXHIBIT 10.1

                            STOCK PURCHASE AGREEMENT

     THIS STOCK PURCHASE AGREEMENT ("Agreement") is made and entered into
effective as of June 23, 2003, by and among Optical Sensors Incorporated, a
Delaware corporation (the "Company"), with its principal place of business at
7615 Golden Triangle Drive, Suite C, Eden Prairie, Minnesota 55344, and the
investors listed on Schedule A hereto (the "Investors").

     A.   The Investors have advanced to Company the amount of $2,689,000 since
March 6, 2002 (the "Advances"), and the Investors are willing to convert the
Advances into shares of Series B preferred stock, $.01 par value, of the Company
(the "Series B Preferred Stock").

     B.   The Investors are willing to invest an additional $865,005 of equity
capital in the Company through the purchase of shares of Series B Preferred
Stock.

     C.   The Company desires to convert the Advances into Series B Preferred
Stock and to accept an additional investment in the Company from the Investors
on the terms and conditions set forth in this Agreement.

     Accordingly, in consideration of the foregoing, the mutual promises set
forth herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

1.   Authorization of Securities. The Company shall authorize the Series B
     Preferred Stock, which shall be entitled to the preferences, rights and
     benefits set forth in the Certificate of Designation, in substantially the
     form set forth in Exhibit A attached hereto. Any shares of Common Stock
     issuable upon conversion of the Series B Preferred Stock, when issued, are
     referred to as "Conversion Shares."

2.   Purchase of Securities.

     (a)  Subject to the terms and conditions hereof, the Company agrees to sell
          to the Investors, and the Investors agree to purchase from the Company
          in accordance with this Agreement, Fifty Seven Thousand Six Hundred
          Sixty-Seven (57,667) shares of the Company's Series B Preferred Stock
          at a purchase price of $15.00 per share and an aggregate purchase
          price of $865,005. The number of shares of Series B Preferred Stock to
          be purchased by each Investor is set forth on Schedule A.

     (b)  At the time of delivery of the purchase price (via check or wire
          transfer), the Company shall deliver to the Investors stock
          certificate(s) for the number of shares of Series B Preferred Stock
          being purchased by such Investor, registered in the Investor's name or
          as otherwise designated by the Investor.

3.   Conversion of Advances.

     (a)  The Company and the Investors agree to convert the Advances into One
          Hundred Seventy-Nine Thousand Two Hundred Sixty-Seven (179,267) shares
          of Series B

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          Preferred Stock at a conversion price of $15.00 per share. The amount
          of Advances made by each Investor and the number of shares of Series B
          Preferred Stock to be issued to each Investor upon conversion thereof
          is set forth on Schedule A. The Investors agree that upon conversion
          of the Advances any indebtedness represented thereby shall be
          discharged and paid in full.

     (b)  Upon the effective date of this Agreement, the Company shall deliver
          to the Investors stock certificate(s) for the number of shares of
          Series B Preferred Stock being issued to each Investor upon conversion
          of the Advances, registered in the Investor's name or as otherwise
          designated by the Investor.

4.   Representations and Warranties of the Company. The Company represents and
     warrants to the Investors as follows:

     (a)  Organization. The Company is a corporation duly organized, validly
          existing and in good standing under the laws of the State of Delaware
          and has the requisite corporate power and authority to own, lease or
          operate its properties and to carry on its business as it is now being
          conducted and as it is proposed to be conducted. The Company has no
          subsidiaries or direct or indirect ownership in any firm, corporation
          or business which either, individually or in the aggregate, is
          material to the business of the Company. The Company is qualified to
          do business and is in good standing as a foreign corporation in every
          jurisdiction in which its ownership of property or conduct of business
          requires it so to be qualified and in which the failure to so qualify
          would have a material adverse effect on the financial condition or
          business of the Company.

     (b)  Authorization. This Agreement has been duly authorized by all
          necessary corporate action on behalf of the Company, has been duly
          executed and delivered by authorized officers of the Company, and is
          the valid and binding agreement of the Company enforceable against the
          Company in accordance with its terms, except as the enforceability
          thereof may be limited by bankruptcy, insolvency, moratorium,
          reorganization or other similar laws affecting the enforcement of
          creditors rights generally and to judicial limitations on the
          enforcement of the remedy of specific performance and other equitable
          remedies. All corporate actions necessary to the authorization,
          creation, issuance and delivery of the Series B Preferred Stock and
          reservation and issuance of the Conversion Shares contemplated
          hereunder has been taken.

     (c)  Valid Issuance. The Company has the requisite corporate power and
          authority to execute and deliver this Agreement and to perform its
          obligations hereunder, and to issue the Series B Preferred Stock and
          the Conversion Shares. The Series B Preferred Stock, when issued and
          paid for pursuant to the terms of this Agreement, will be duly
          authorized and validly issued, fully paid and nonassessable. The
          Conversion Shares have been reserved for issuance upon conversion of
          the Series B Preferred Stock and, when issued upon conversion of the
          Series B Preferred Stock in accordance with the terms of this
          Agreement, will be duly authorized, validly issued, fully paid and
          nonassessable.

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     (d)  No Violation. Neither the execution and delivery of this Agreement,
          nor the performance by the Company of its obligations hereunder will:
          (a) conflict with or result in any breach of any provision of the
          Certificate of Incorporation or By-Laws of the Company; (b) result in
          a default (or give rise to any right of termination, cancellation or
          acceleration) under any of the terms, conditions or provisions of any
          note, lease, mortgage, license, agreement or other instrument or
          obligation to which the Company is a party or by which any of its
          assets may be bound, except for such defaults (or rights of
          termination, cancellation or acceleration) as to which requisite
          waivers or consents have been obtained or which, in the aggregate,
          would not result in a material adverse effect on the Company; (c)
          violate any order, writ, injunction, decree, statute, rule or
          regulation applicable to the Company or any of its assets, except for
          violations which would not result in a material adverse effect on the
          Company; or (d) result in the creation or imposition of any liens,
          charges or encumbrances upon any assets of the Company.

     (e)  SEC Reports. The Company has filed all reports, registration
          statements and other filings with the Securities and Exchange
          Commission (the "Commission") required to be filed by it pursuant to
          the Securities Act of 1933, as amended (the "Securities Act"), and the
          Securities Exchange Act of 1934, as amended (the "Exchange Act"). All
          such reports, registration statements and other filings (including all
          notes, exhibits and schedules thereto, all documents incorporated by
          reference therein, and any amendments thereto) are collectively
          referred to herein as the "SEC Reports." As of their respective dates
          of filing with the Commission, the SEC Reports complied in all
          material respects with all of the rules and regulations of the
          Commission and did not contain any untrue statement of a material fact
          or omit to state a material fact required to be stated therein or
          necessary in order to make the statements made therein, in light of
          the circumstances under which they were made, not misleading. The
          Investors acknowledge that the Company has received comments from the
          Commission with respect to the Registration Statement on Form SB-2
          (File No. 333-71076) and Annual Report on Form 10-KSB for the year
          ended December 31, 2002, and that the Company is responding to such
          comments. The Investors acknowledge that the Company's representations
          in this Section 4(e) are made subject to the foregoing comments from
          the SEC.

     (f)  Financial Statements. The financial statements of the Company included
          in the SEC Reports (the "Financial Statements") have been prepared in
          accordance with United States generally accepted accounting principles
          consistently applied and fairly present the financial position of the
          Company at the dates thereof and the results of the Company's
          operations and cash flows for the periods then ended (subject, in the
          case of unaudited statements, to normal adjustments and the omission
          of footnotes). The Company has no material liabilities, known or
          unknown, absolute, contingent or otherwise, except for (i) liabilities
          that are set forth in the Financial Statements, the notes thereto or
          the SEC Reports, (ii) the Advances received from Investors since March
          31, 2003, and (iii) liabilities that have been incurred in the
          ordinary course of business since March 31, 2003.

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     (g)  No Material Adverse Change. There have not been any changes in the
          assets, properties, liabilities, financial condition, business or
          operations of the Company from that reflected in the Financial
          Statements except for (i) changes in the ordinary course of business
          which have not been, either individually or in the aggregate,
          materially adverse, (ii) the Advances received from Investors since
          March 31, 2003, and (ii) the Company's continued operating losses and
          negative cash flow.

     (h)  Authorized Capital Stock. The authorized capital stock of the Company
          is as set forth in the SEC Reports. The issued and outstanding shares
          of capital stock of the Company have been duly authorized, validly
          issued and are fully paid and nonassessable. As of the date hereof,
          the Company has outstanding options and warrants to purchase 987,968
          shares of Common Stock, and there are no other outstanding warrants,
          options or other rights to acquire any shares of capital stock of the
          Company. All of the above securities of the Company were issued in
          compliance with all applicable federal and state securities laws and
          were not issued in violation of or subject to any preemptive rights or
          other rights to subscribe for or purchase securities.

     (i)  Intellectual Property. The Company owns or possesses adequate rights
          to use all patents, patent rights, inventions, trademarks, trade
          names, copyrights, licenses, domain names, governmental
          authorizations, trade secrets and know-how that are used or necessary
          for the conduct of its business. The Company has not received any
          notice of, or has any knowledge of, any infringement of or conflict
          with asserted rights of others with respect to any patents, patent
          rights, inventions, trademarks, trade names, copyrights, licenses,
          governmental authorizations, trade secret or know-how that,
          individually or in the aggregate, if the subject of an unfavorable
          decision, ruling or finding, would have a material adverse effect on
          the condition (financial or otherwise), earnings, operations or
          business of the Company.

     (j)  Securities Laws. Subject to the accuracy of the representations of the
          Investors in Section 5, no consent, authorization, approval, permit or
          order of or filing with any governmental or regulatory authority is
          required under current laws and regulations in connection with the
          execution and delivery of this Agreement or the offer, issuance, sale
          or delivery to the Investors of the Series B Preferred Stock other
          than (i) the filing with the Commission of a Form D pursuant to
          Regulation D under the Securities Act, and the qualification thereof,
          if required, under applicable state securities laws, which
          qualification has been or will be effected as a condition of the
          issuance of the Series B Preferred Stock, and (ii) the filing of a
          registration statement or statements pursuant to Section 6. Under the
          circumstances contemplated by this Agreement, the offer, issuance,
          sale and delivery of the Series B Preferred Stock will not, under
          current laws and regulations, require compliance with the prospectus
          delivery or registration requirements of the Securities Act.

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     (k)  Litigation. There are no actions, suits, proceedings or investigations
          pending or, to the best of the Company's knowledge, threatened against
          the Company or any of its properties before or by any court or
          arbitrator or any governmental body, agency or official in which there
          is a reasonable likelihood (in the judgment of the Company) of an
          adverse decision that (a) would have a material adverse effect on the
          Company's properties or assets or the business of the Company as
          presently conducted or proposed to be conducted or (b) would impair
          the ability of the Company to perform in any material respect its
          obligations under this Agreement. The Company is not in default with
          respect to any judgment, order or decree of any court or governmental
          agency or instrumentality which, individually or in the aggregate,
          would have a material adverse effect on the assets, properties or
          business of the Company.

     (l)  Properties. The Company has good and marketable title to all the
          properties and assets reflected as owned in the Financial Statements,
          subject to no lien, mortgage, pledge, charge or encumbrance of any
          kind except (i) those, if any, reflected in such Financial Statements,
          or (ii) those which are not material in amount and do not adversely
          affect the use made and promised to be made of such property by the
          Company. The Company holds its leased properties under valid and
          binding leases, with such exceptions as are not materially significant
          in relation to the business of the Company. The Company owns or leases
          all such properties as are necessary to its operations as now
          conducted or as proposed to be conducted.

     (m)  Brokers or Finders. To the knowledge of the Company, no person, firm
          or corporation has or will have, as a result of any act or omission of
          the Company, any right, interest or valid claim against any Investor
          for any commission, fee or other compensation as a finder or broker in
          connection with the transactions contemplated by this Agreement. The
          Company shall indemnify and hold the Investor harmless for any claims
          made for any commission, fee or other compensation concerning the
          transactions contemplated by this Agreement.

5.   Representations and Warranties of the Investors. The Investors represent
     and warrant to the Company as follows:

     (a)  The Series B Preferred Stock and Conversion Shares are being purchased
          for investment for such Investor's own account and not with the view
          to, or for resale in connection with, any distribution or public
          offering thereof. Each Investor understands that neither the Series B
          Preferred Stock, nor the Conversion Shares have been registered under
          the Securities Act or any state securities laws by reason of their
          contemplated issuance in transactions exempt from the registration
          requirements of the Securities Act and applicable state securities
          laws and that the reliance of the Company and others upon these
          exemptions is predicated in part upon this representation by the
          Investors. The Investors further understand that neither the Series B
          Preferred Stock, nor the Conversion Shares may be transferred or
          resold without registration under the Securities Act and any

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          applicable state securities laws, or pursuant to an exemption from the
          requirements of the Securities Act and applicable state securities
          laws.

     (b)  Each Investor's principal place of business is located at the address
          set forth on Schedule A. Each Investor qualifies as an "accredited
          investor," as defined in Rule 501 of Regulation D under the Securities
          Act. Each Investor acknowledges that the Company has made available to
          such Investor at a reasonable time prior to the execution of this
          Agreement the opportunity to ask questions and receive answers
          concerning the business, operations and financial condition of the
          Company and the terms and conditions of the sale of securities
          contemplated by this Agreement and to obtain any additional
          information requested by such Investor. Each Investor is able to bear
          the loss of its entire investment in the Series B Preferred Stock and
          the Conversion Shares and has such knowledge and experience of
          financial and business matters that he is capable of evaluating the
          merits and risks of the investment to be made pursuant to this
          Agreement. However, neither the foregoing nor any other due diligence
          investigation conducted by such Investor or on its behalf shall limit,
          modify or affect the representations and warranties of the Company set
          forth in Section 4 of this Agreement or the right of such Investor to
          rely thereon.

     (c)  This Agreement has been duly authorized by all necessary action on the
          part of each Investor, has been duly executed and delivered by such
          Investor and is a valid and binding agreement of such Investor.

6.   Registration Rights.

     (a)  Filing of Registration Statement. Company will upon written request
          made by the Investors, as expeditiously as possible, use its best
          efforts at any time after the date of this Agreement, take all
          necessary actions to effect registration and qualification under the
          Securities Act and under any state securities statute of all or such
          portion of the Conversion Shares as such Investors shall specify;
          provided, however, that the Investors shall not be entitled to more
          than two required registrations (except that the Investors shall be
          entitled to an unlimited number of required registrations at the
          Investors' expense on Forms S-2 or S-3 or any similar short form
          registration statement prescribed by the Securities and Exchange
          Commission (the "Commission") if the Company then qualifies for such
          short-form registration). The Company may, on not more than one
          occasion, delay the filing of any registration statement required
          hereunder for a period of not more than 90 days in the event that the
          Company has furnished the Investors with a certificate executed by the
          Company's President or Chief Executive Officer stating that such delay
          is necessary in order to (i) not significantly adversely affect
          financing efforts then underway at the Company or (ii) avoid
          disclosure of material non-public information.

     (b)  Registration Procedures. If and whenever the Company is required by
          the provisions of Section 6(a) to effect the registration of the
          Conversion Shares under the Securities Act, the Company will:

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          (i)   prepare and file with the Commission a registration statement
                (on any available form to effect registration) with respect to
                such securities, and use its best efforts to cause such
                registration statement to become and remain effective until such
                securities are sold pursuant to such registration statement or
                are eligible to be sold pursuant to Rule 144(k);

          (ii)  prepare and file with the Commission such amendments to such
                registration statement and supplements to the prospectus
                contained therein as may be necessary to keep such registration
                statement effective until such securities are sold pursuant to
                such registration statement or are eligible to be sold pursuant
                to Rule 144(k);

          (iii) furnish to the Investors and to any underwriters of the
                securities being registered such reasonable number of copies of
                the registration statement, preliminary prospectus, final
                prospectus and such other documents as the Investor and
                underwriters may reasonably request in order to facilitate the
                public offering of such securities;

          (iv)  use its best efforts to register or qualify the securities
                covered by such registration statement under such state
                securities or blue sky laws of such jurisdictions as the
                Investor may reasonably request, except that the Company shall
                not for any purpose be required to execute a general consent to
                service of process or to qualify to do business as a foreign
                corporation in any jurisdiction wherein it is not so qualified;

          (v)   prepare and promptly file with the Commission and promptly
                notify the Investors of the filing of such amendment or
                supplement to such registration statement or prospectus as may
                be necessary to correct any statements or omissions if, at the
                time when a prospectus relating to such securities is required
                to be delivered under the Securities Act, any event shall have
                occurred as the result of which any such prospectus or any other
                prospectus as then in effect would include an untrue statement
                of a material fact or omit to state any material fact necessary
                to make the statements therein, in the light of the
                circumstances in which they were made, not misleading; and

          (vi)  use its best efforts to cause all securities covered by such
                registration statement to be listed on any securities exchange,
                quotation system, market or over-the-counter bulletin board, if
                any, on which the Common Stock shall then be listed and trading.

     (c)  Expenses. Except as set forth in the last sentence of this Section
          6(c), with respect to any registration of securities pursuant to
          Section 6(a), the Company shall bear all fees, costs and expenses,
          including, without limitation: all registration, filing fees, printing
          expenses, fees and disbursements of counsel and accountants for the
          Company, all internal Company expenses, the premiums and other costs
          of policies of insurance against liability arising out of the public

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          offering, and all legal fees and disbursements and other expenses of
          complying with state securities or blue sky laws of any jurisdictions
          in which the securities to be offered are to be registered or
          qualified. Fees and disbursements of counsel and accountants for the
          Investors, underwriting discounts and commissions and transfer taxes
          for the Investors and any other expenses incurred by the Investors not
          expressly included above shall be borne by the Investors.

     (d)  Indemnification. In the event that any Conversion Shares owned by the
          Investors are included in a registration statement under Section 6(a):

          (i)   The Company will indemnify and hold harmless the Investors
                (including for this purpose its directors, officers and
                partners) and any underwriter (as defined in the Securities Act)
                from and against any and all loss, damage, liability, cost and
                expense (including, subject to Section 6(d)(iii), reasonable
                fees and expenses of counsel) to which any such Investor or any
                such underwriter may become subject under the Securities Act or
                otherwise, insofar as such losses, damages, liabilities, costs
                or expenses are caused by any untrue statement or alleged untrue
                statement of any material fact contained in such registration
                statement, any prospectus contained therein or any amendment or
                supplement thereto, or arise out of or are based upon the
                omission or alleged omission to state therein a material fact
                required to be stated therein or necessary to make the
                statements therein, in light of the circumstances in which they
                were made, not misleading; provided, however, that the Company
                will not be liable in any such case to the extent that any such
                loss, damage, liability, cost or expense arises out of or is
                based upon an untrue statement or alleged untrue statement or
                omission or alleged omission so made in conformity with written
                information furnished by such Investor or such underwriter.

          (ii)  The Investors will indemnify and hold harmless the Company and
                any underwriter from and against any and all loss, damage,
                liability, cost or expense (including, subject to Section
                6(d)(iii), reasonable fees and expenses of counsel) to which the
                Company or any underwriter may become subject under the
                Securities Act or otherwise, insofar as such losses, damages,
                liabilities, costs or expenses are caused by any untrue or
                alleged untrue statement of any material fact contained in such
                registration statement, any prospectus contained therein or any
                amendment or supplement thereto, or arise out of or are based
                upon the omission or the alleged omission to state therein a
                material fact required to be stated therein or necessary to make
                the statements therein, in light of the circumstances in which
                they were made, not misleading, in each case to the extent, but
                only to the extent, that such untrue statement or alleged untrue
                statement or omission or alleged omission was so made in
                reliance upon and in strict conformity with written information
                furnished by such Investor. Notwithstanding the provisions of
                this clause (ii), no Investor shall be required to indemnify any
                person pursuant to this Section 6 in an amount in excess of the
                amount of the aggregate net proceeds received by

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                such Investor in connection with any such registration under the
                Securities Act.

          (iii) Promptly after receipt by an indemnified party pursuant to the
                provisions of paragraph (i) or (ii) of this Section 6(d) of
                notice of the commencement of any action involving the subject
                matter of the foregoing indemnity provisions, such indemnified
                party will, if a claim thereof is to be made against the
                indemnifying party pursuant to the provisions of said paragraph
                (i) or (ii), promptly notify the indemnifying party of the
                commencement thereof; but the omission to so notify the
                indemnifying party will not relieve the indemnifying party from
                any liability which it may have to any indemnified party
                otherwise than hereunder nor of its obligations or liabilities
                pursuant to this Agreement, except to the extent that the
                failure to so notify materially prejudices the indemnifying
                party. In case such action is brought against any indemnified
                party and it notifies the indemnifying party of the commencement
                thereof, the indemnifying party shall have the right to
                participate in, and, to the extent that it may wish, jointly
                with any other indemnifying party similarly notified, to assume
                the defense thereof, with counsel satisfactory to such
                indemnified party; provided, however, if the defendants in any
                action include both the indemnified party and the indemnifying
                party and there is a conflict of interest which would prevent
                counsel for the indemnifying party from also representing the
                indemnified party, the indemnified party or parties shall have
                the right to select one separate counsel to participate in the
                defense of such action on behalf of such indemnified party or
                parties, which counsel shall be reasonably satisfactory to the
                indemnifying party. After notice from the indemnifying party to
                such indemnified party of its election so to assume the defense
                thereof, the indemnifying party will not be liable to such
                indemnified party pursuant to the provisions of said paragraph
                (i) or (ii) for any legal or other expense subsequently incurred
                by such indemnified party in connection with the defense thereof
                other than reasonable costs of investigation, unless (x) the
                indemnified party shall have employed counsel in accordance with
                the proviso of the preceding sentence, (y) the indemnifying
                party shall not have employed counsel satisfactory to the
                indemnified party to represent the indemnified party within a
                reasonable time after the notice of the commencement of the
                action, or (z) the indemnifying party has authorized the
                employment of counsel for the indemnified party at the expense
                of the indemnifying party. No indemnifying party shall, without
                the prior written consent of the indemnified party, consent to
                entry of any judgment or enter into any settlement which does
                not include as an unconditional term thereof the giving by the
                claimant or the plaintiff to such indemnified party of a release
                from all liability in respect of such action, and no indemnified
                party shall consent to entry of any judgment or settle such
                action without the prior written consent of the indemnifying
                party.

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     (e)  SEC Reports. The Company will file with the Commission, on a timely
          basis, all SEC Reports required to be filed under the Exchange Act and
          any other documents required to meet the public information
          requirements of Rule 144(c) under the Securities Act.

7.   Miscellaneous.

     (a)  This Agreement and the rights and obligations of the parties hereunder
          shall not be assignable, in whole or in part, by the Company without
          the prior written consent of the Investors. This Agreement and the
          rights and obligations of the parties hereunder shall not be
          assignable, in whole or in part, by an Investor without the prior
          written consent of the Company, except that any Investor may assign
          its rights under this Agreement to any affiliate without the prior
          written consent of the Company. This Agreement shall inure to the
          benefit of and be binding upon and be enforceable by the successors
          and permitted assigns of the parties hereto. Neither this Agreement
          nor any provision hereof may be amended, modified, waived or
          discharged without the written consent of the parties hereto.

     (b)  This Agreement, including the exhibits attached hereto, constitutes
          the entire agreement of the parties relative to the subject matter
          hereof and supersedes any and all other agreements and understanding,
          whether written or oral, relative to the matters discussed herein.

     (c)  All representations and warranties contained herein shall survive
          after the execution and delivery of this Agreement for a period of two
          (2) years from the date hereof. All covenants and agreements which by
          their terms are to be performed after the date hereof will survive
          indefinitely, unless such covenants and agreements by their terms
          expire at an earlier date, in which case they will expire on such
          earlier date.

     (d)  All notices, requests, consents and other communications required or
          permitted hereunder shall be in writing and shall be given in writing
          by personal delivery, facsimile, commercial air delivery service or by
          registered or certified mail, postage prepaid, return receipt
          requested, addressed to the Company at the address set forth in the
          introductory paragraph to this Agreement and to the Investors at the
          addresses set forth on Schedule A, or at such other address as the
          respective parties may designate by like notice from time to time.
          Notices so given shall be effective upon the earlier of: (a) receipt
          by the party to which notice is given (which, in the instance of a
          facsimile, shall be deemed to have occurred at the time that the
          machine transmitting the facsimile verifies a successful transmission
          of the facsimile); (b) on the fifth business day following the date
          such notice was deposited in the mail; or (c) on the second business
          day following the date such notice was delivered to a commercial air
          delivery service.

     (e)  This Agreement shall be construed and enforced in accordance with the
          laws of the State of Minnesota.

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     (f)  This Agreement may be executed in two or more counterparts, each of
          which shall be deemed an original, but all of which together shall
          constitute one and the same instrument. This Agreement may be executed
          by facsimile.

                          [NEXT PAGE IS SIGNATURE PAGE]

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     IN WITNESS WHEREOF, the Company and the Investors have executed this
Agreement effective as of the date first written above.

                                   OPTICAL SENSORS INCORPORATED

                                   By  /s/ Paulita M. LaPlante
                                      ------------------------------------------
                                       Paulita LaPlante,
                                       President and Chief Executive Officer

                                   CIRCLE F VENTURES, LLC

                                   By  /s/ Hayden R. Fleming
                                      ------------------------------------------

                                   Its Managing Member
                                      ------------------------------------------

                                   CIRCLE F VENTURES II, LLC

                                   By  /s/ Hayden R. Fleming
                                      ------------------------------------------

                                   Its Managing Member
                                      ------------------------------------------

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                                   SCHEDULE A

<TABLE>
<CAPTION>
                                    Amount of    Number of    Additional    Number of
          Name of Investor           Advance      Shares      Investment     Shares
          ----------------           -------      ------      ----------     ------
<S>                                <C>           <C>          <C>           <C>
Circle F Ventures, LLC             $  845,000      56,333             0           0
17797 North Perimeter Drive
Scottsdale, Arizona 85255
Circle F Ventures II, LLC          $1,844,000     122,934      $865,005      57,667
17797 North Perimeter Drive
Scottsdale, Arizona 85255

Totals                             $2,689,000     179,267      $865,005      57,667
</TABLE>Indenture between Oracle Corporation and State Street Bank

 EXHIBIT 4.01 

  
 ORACLE CORPORATION 
  
 TO 
  
 STATE STREET BANK and TRUST COMPANY OF CALIFORNIA, N.A. 
 Trustee 
  

  
 Indenture 
  
 Dated as of February 24, 1997 
  

  
 Debt Securities 
  

  

 ORACLE CORPORATION 
  
 Certain Sections of this Indenture relating to 
 Sections 310 through 318, inclusive, 
 of the Trust Indenture Act of 1939: 
  

	 Trust Indenture
 Act
Section

	  	 Indenture
 Section

	 (S) 310 (a) (1)
	  	609
	 (a) (2)
	  	609
	 (a) (3)
	  	Not Applicable
	 (a) (4)
	  	Not Applicable
	 (b)
	  	608
	 	  	610
	 (S) 311 (a)
	  	613
	 (b)
	  	613
	 (S) 312 (a)
	  	701
	 	  	702 (a)
	 (b)
	  	702 (b)
	 (c)
	  	702 (c)
	 (S) 313 (a)
	  	703 (a)
	 (b)
	  	703 (a)
	 (c)
	  	703 (a)
	 (d)
	  	703 (b)
	 (S) 314 (a)
	  	704
	 (a) (4)
	  	101
	 	  	1004
	 (b)
	  	Not Applicable
	 (c) (1)
	  	102
	 (c) (2)
	  	102
	 (c) (3)
	  	Not Applicable
	 (d)
	  	Not Applicable
	 (e)
	  	102
	 (S) 315 (a)
	  	601
	 (b)
	  	602
	 (c)
	  	601
	 (d)
	  	601
	 (e)
	  	514
	 (S) 316 (a)
	  	101
	 (a) (1) (A)
	  	502
	 	  	512
	 (a) (1) (B)
	  	513
	 (a) (2)
	  	Not Applicable
	 (b)
	  	508
	 (c)
	  	104 (c)
	 (S) 317 (a) (1)
	  	503
	 (a) (2)
	  	504
	 (b)
	  	1003
	 (S) 318 (a)
	  	107

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

 1 

 TABLE OF CONTENTS 
  

	 ARTICLE ONE—DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	1
	 Section 101
	  	Definitions	  	1
	 Section 102
	  	Certificates and Opinions	  	9
	 Section 103
	  	Form of Documents Delivered to Trustee	  	10
	 Section 104
	  	Acts of Holders; Record Dates	  	10
	 Section 105
	  	Notices, Etc., to Trustee and Company	  	12
	 Section 106
	  	Notice to Holder; Waiver	  	12
	 Section 107
	  	Conflict with Trust Indenture Act	  	13
	 Section 108
	  	Effect of Holdings and Table of Contents	  	13
	 Section 109
	  	Successors and Assigns	  	13
	 Section 110
	  	Separability Clause	  	13
	 Section 111
	  	Benefits of Indenture	  	13
	 Section 112
	  	Governing Law	  	13
	 Section 113
	  	Legal Holidays	  	13
	 ARTICLE TWO—SECURITY FORMS
	  	14
	 Section 201
	  	Forms Generally	  	14
	 Section 202
	  	Form of Face of Security	  	16
	 Section 203
	  	Form of Reverse of Security	  	16
	 Section 204
	  	Form of Legend for Global Securities	  	20
	 Section 205
	  	Form of Trustee’s Certificate of Authentication	  	20
	 ARTICLE THREE—THE SECURITIES
	  	21
	 Section 301
	  	Amount Unlimited; Issuable in Series	  	21
	 Section 302
	  	Denominations	  	24
	 Section 303
	  	Execution, Authentication, Delivery and Dating	  	24
	 Section 304
	  	Temporary Securities	  	25
	 Section 305
	  	Registration, Registration of Transfer and Exchange	  	26
	 Section 306
	  	Mutilated, Destroyed, Lost and Stolen Securities	  	27
	 Section 307
	  	Payment of Interest: Interest Rights Preserved	  	28
	 Section 308
	  	Persons Deemed Owners	  	30

  

 1 

	 Section 309
	  	Cancellation	  	30
	 Section 310
	  	Computation of Interest	  	31
	 ARTICLE FOUR—SATISFACTION AND DISCHARGE
	  	31
	 Section 401
	  	Satisfaction and Discharge of Indenture	  	31
	 Section 402
	  	Application of Trust Money	  	32
	 ARTICLE FIVE—REMEDIES
	  	33
	 Section 501
	  	Events of Default	  	33
	 Section 502
	  	Acceleration of Maturity; Rescission and Annulment	  	35
	 Section 503
	  	Collection of Indebtedness and Suits for Enforcement by Trustee	  	37
	 Section 504
	  	Trustee May File Proofs of Claim	  	38
	 Section 505
	  	Trustee May Enforce Claims Without Possession of Securities	  	38
	 Section 506
	  	Application of Money Collected	  	38
	 Section 507
	  	Limitation on Suits	  	39
	 Section 508
	  	Unconditional Right of Holders to Receive Principal, Premium and Interest	  	39
	 Section 509
	  	Restoration of Rights and Remedies	  	40
	 Section 510
	  	Rights and Remedies Cumulative	  	40
	 Section 511
	  	Delay or Omission Not Waiver	  	40
	 Section 512
	  	Control by Holders	  	40
	 Section 513
	  	Waiver of Past Defaults	  	41
	 Section 514
	  	Undertaking for Costs	  	42
	 Section 515
	  	Waiver of Stay or Extension Laws	  	42
	 ARTICLE SIX—THE TRUSTEE
	  	42
	 Section 601
	  	Certain Duties and Responsibilities	  	42
	 Section 602
	  	Notice of Defaults	  	42
	 Section 603
	  	Certain Rights of Trustee	  	43
	 Section 604
	  	Not Responsible for Recitals or Issuance of Securities	  	44
	 Section 605
	  	Money Held in Securities	  	44
	 Section 606
	  	Money Held in Trust	  	44
	 Section 607
	  	Compensation and Reimbursement	  	44
	 Section 608
	  	Disqualification; Conflicting Interests	  	45
	 Section 609
	  	Corporate Trustee Required; Eligibility	  	45
	 Section 610
	  	Resignation and Removal; Appointment of Successor	  	45
	 Section 611
	  	Acceptance of Appointment by Successor	  	47

  

 2 

	 Section 612
	  	Merger, Conversion, Consolidation or Succession to Business	  	48
	 Section 613
	  	Preferential Collection of Claims Against Company	  	48
	 Section 614
	  	Appointment of Authenticating Agent	  	48
	 ARTICLE SEVEN—HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	  	51
	 Section 701
	  	Company to Furnish Trustee Names and Addresses of Holders	  	51
	 Section 702
	  	Preservation of Information; Communications to Holders	  	51
	 Section 703
	  	Reports by Trustee	  	52
	 Section 704
	  	Reports by Company	  	52
	 ARTICLE EIGHT—CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
	  	52
	 Section 801
	  	Company May Consolidate, Etc., Only on Certain Terms	  	52
	 Section 802
	  	Successor Substituted	  	53
	 ARTICLE NINE—SUPPLEMENTAL INDENTURES
	  	53
	 Section 901
	  	Supplemental Indentures Without Consent of Holders	  	53
	 Section 902
	  	Supplemental Indentures with Consent of Holders	  	55
	 Section 903
	  	Execution of Supplemental Indentures	  	56
	 Section 904
	  	Effect of Supplemental Indentures	  	56
	 Section 905
	  	Conformity with Trust Indenture Act	  	56
	 Section 906
	  	Reference in Securities to Supplemental Indentures	  	56
	 ARTICLE TEN—COVENANTS
	  	56
	 Section 1001
	  	Payment of Principal, Premium and Interest	  	56
	 Section 1002
	  	Maintenance of Office or Agency	  	57
	 Section 1003
	  	Money for Securities Payments to Be Held in Trust	  	57
	 Section 1004
	  	Statement by Officers as to Default	  	58
	 Section 1005
	  	Existence	  	58
	 Section 1006
	  	Maintenance of Properties	  	59
	 Section 1007
	  	Payment of Taxes and Other Claims	  	59
	 Section 1008
	  	Limitations on Liens	  	59
	 Section 1009
	  	Limitations on Sale and Lease-Back Transactions	  	61
	 Section 1010
	  	Waiver of Certain Covenants	  	61

  

 3 

	 ARTICLE ELEVEN—REDEMPTION OF SECURITIES
	  	63
	 Section 1101
	  	Applicability of Article	  	63
	 Section 1102
	  	Election to Redeem; Notice to Trustee	  	63
	 Section 1103
	  	Selection by Trustee of Securities to Be Redeemed	  	63
	 Section 1104
	  	Notice of Redemption	  	64
	 Section 1105
	  	Deposit of Redemption Price	  	65
	 Section 1106
	  	Securities Payable on Redemption Date	  	65
	 Section 1107
	  	Securities Redeemed in Part	  	66
	 ARTICLE TWELVE—SINKING FUNDS
	  	66
	 Section 1201
	  	Applicability of Article	  	66
	 Section 1202
	  	Satisfaction of Sinking Fund Payments with Securities	  	66
	 Section 1203
	  	Redemption of Securities for Sinking Fund	  	67
	 ARTICLE THIRTEEN—DEFEASANCE AND COVENANT DEFEASANCE
	  	67
	 Section 1301
	  	Company’s Option to Effect Defeasance or Covenant Defeasance	  	67
	 Section 1302
	  	Defeasance and Discharge	  	67
	 Section 1303
	  	Covenant Defeasance	  	68
	 Section 1304
	  	Conditions to Defeasance or Covenant Defeasance	  	68
	 Section 1305
	  	Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions	  	70
	 Section 1306
	  	Reinstatement	  	70
	 ARTICLE FOURTEEN—REPAYMENT AT OPTION OF SECURITY HOLDERS
	  	71
	 Section 1401
	  	Applicability of Article	  	71
	 Section 1402
	  	Repayment of Securities	  	71
	 Section 1403
	  	Exercise of Option; Notice	  	71
	 Section 1404
	  	Securities Payable on the Repayment Date	  	72

  
 Note: This table of contents shall
not, for any purpose, be deemed to be part of the Indenture. 
  

 4 

 INDENTURE, dated as of February 24, 1997, between ORACLE CORPORATION, a corporation duly organized and
existing under the laws of the State of Delaware (herein called the “Company”), having its principal office at 500 Oracle Parkway, Redwood City, California 94065, and State Street Bank and Trust Company of California, N.A., a national
banking association duly organized and existing under the laws of United States, as Trustee (herein called the “Trustee”). 
  
 RECITALS OF THE COMPANY 
  
 The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its unsecured debentures,
notes or other evidences of indebtedness (herein called the “Securities”), unlimited as to principal amount, to bear such rates of interest, to mature at such time or times, to be issued in one or more series and to have such other
provision as shall be fixed as hereinafter provided. 
  
 All
things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done. 
  
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 
  
 For and in consideration of the premises and the purchase of the Securities by the Holders thereof, it is mutually agreed, for the equal and proportionate
benefit of all Holders of the Securities or of series thereof, as follows: 
  

 1 

 
ARTICLE ONE 
  
 DEFINITIONS AND
OTHER PROVISIONS 
 OF GENERAL APPLICATION 
  

Section 101.    
Definitions. 
  
 For all purposes of
this Indenture, except as otherwise expressly provided 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 as are generally accepted at the date of such computation; and 
  
 (4) 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 104. 
  
 “Affiliate” of any
specified Person means the Trustee any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “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. 
  
 “Attributable Debt” has the meaning specified in Section 1009. 
  
 “Authenticating Agent” means the Trustee any Person authorized by the Trustee pursuant to Section 614 to act on behalf of the Trustee to authenticate Securities of one or more series. 
  
 “Board of Directors” means either the board of directors of the
Company or any committee of that board duly authorized to act for it in respect thereof. 
  
 “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. 
  
 “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, except as may otherwise be provided in the form of Securities of any particular series pursuant to the provisions of this Indenture. 
  
 “Commission” means the Securities and Exchange Commission, as 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. 
  

 2 

 “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 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 President or a Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered to the Trustee. 
  
 “Consolidated Net Assets” means, as of any particular time, the
aggregate amount of assets (less applicable reserves) at the end of the most recently completed fiscal quarter after deducting therefrom: (a) all current liabilities except for (1) notes and loans payable, (2) current maturities of long-term debt
and (3) current maturities of obligations under capital leases, all as set forth on the most recent quarter-end consolidated balance sheet of the Company and its consolidated Subsidiaries and computed in accordance with generally accepted accounting
principles. 
  
 “Consolidated Net Tangible Assets”
means, as of any particular time, the aggregate amount of assets (less applicable reserves) at the end of the most recently completed fiscal quarter after deducting therefrom: (a) all current liabilities, except for (1) notes and loans payable, (2)
current maturities of long-term debt and (3) current maturities of obligations under capital leases; and (b) to the extent included in said aggregate amount of assets, all goodwill, trade names, trademarks, patents, organization expenses,
unamortized debt discount and expenses (other than capitalized unamortized product development costs, such as, without limitation, capitalized hardware and software development costs), to the extent included in said aggregate amount of assets, all
as set forth on the most recent quarter-end consolidated balance sheet of the Company and its Consolidated Subsidiaries and computed in accordance with generally accepted accounting principles. 
  
 “Corporate Trust Office” means the principal office of the Trustee
at which at any particular time its corporate trust business shall be conducted, which office, at the date of execution of this Indenture, is located at 725 South Figueroa Street, Suite 3100, Los Angeles, California 90017, Attn: Corporate Trust
Department. 
  
 “Corporation” means a corporation,
association, company, joint-stock company or business trust. 
  
 “Covenant Defeasance” has the meaning specified in Section 1303. 
  
 “Debt” has the meaning specified in Section 1008. 
  
 “Defaulted Interest” has the meaning specified in Section 307. 
  
 “Defeasance” has the meaning specified in Section 1302. 
  

“Depositary” means, with respect to Securities of any series issuable in whole or in part in the form of one or more Global Securities, a
clearing agency registered under the Exchange Act that is designated to act as Depositary for such Securities as contemplated by Section 301. 
  
 “Event of Default” has the meaning specified in Section 501. 
  

 3 

 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
  
 “Exempted Secured Debt” has the meaning specified in Section 1008.

  
 “Global Security” means a Security that evidences
all or part of the Securities of any series and is authenticated and delivered to, and registered in the name of, the Depositary for such Securities or a nominee thereof. 
  
 “Holder” means a Person in whose name a Security is registered in the Security Register. 
  
 “Indenture” means 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, 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 the particular series of Securities
established as contemplated by Section 301; 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 301, 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. 
  
 “Interest”, when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest
payable after Maturity. 
  
 “Interest Payment Date”,
when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security. 
  
 “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, call for redemption or otherwise. 
  
 “Mortgage” and “mortgages” have the respective meanings specified in Section 1008. 
  

 4 

 “Nonrecourse Obligation” means indebtedness or other obligations substantially related to (i)
the acquisition of assets not previously owned by the Company or any Restricted Subsidiary or (ii) the financing of a project involving the development or expansion of properties of the Company or any Restricted Subsidiary, as to which the obligee
with respect to such indebtedness or obligation has no recourse to the Company or any Restricted Subsidiary or any assets of the Company or any Restricted Subsidiary other than the assets which were acquired with the proceeds of such transaction or
the project financed with the proceeds of such transaction (and the proceeds thereof). 
  
 “Notice of Default” means a written notice of the kind specified in Sections 501(4) and 501(5). 
  
 “Officers’ Certificate” means a certificate signed by the Chairman of the Board, a Vice Chairman of the Board, the President or a Vice
President, and by the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary, of the Company, and delivered to the Trustee. 
  
 “Opinion of Counsel” means a written opinion of counsel, who may be counsel for the Company (and who may be an employee of the Company), or
other counsel acceptable to the Trustee. 
  
 “Original Issue
Discount Security” means any Security which 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 502. 
  
 “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 1302; and 
  

 5 

 (4) Securities which have been paid pursuant to Section 306 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
bona fide purchaser in whose hands such Securities are valid obligations of the Company; 
  
 provided, however, that in determining whether the Holders of the requisite - - principal amount of the Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver
hereunder or are present at a meeting of Holders for quorum purposes, (a) the principal amount of an Original Issue Discount Security that shall be deemed to be Outstanding shall be the amount of the principal thereof that would be due and payable
as of the date of such determination upon acceleration of the Maturity thereof pursuant to Section 502, (b) the principal amount of a Security denominated in one or more foreign currencies or currency units shall be the U.S. dollar equivalent,
determined in the manner provided as contemplated by Section 301 on the date of original issuance of such Security, of the principal amount (or, in the case of an Original Issue Discount Security, the U.S. dollar equivalent on the date of original
issuance of such Security of the amount determined as provided in (a) above) of such Security, and (c) 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 or waiver or upon any such determination as to the
presence of a quorum, only Securities which 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, partnership, joint venture, trust, unincorporated organization or government or any agency or political subdivision thereof. 
  
 “Place of Payment”, when used with respect to the Securities of any
series, means the place or places where the principal of and any premium and interest on the Securities of that series are payable as specified as contemplated by Section 301. 
  
 “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 306 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. 
  

 6 

 “Principal Property” means the land, land improvements, buildings and fixtures (to the extent
they constitute real property interests) (including any leasehold interest therein) constituting the principal corporate office, any manufacturing plant or any manufacturing facility (whether owned at the date of this Indenture or hereafter
acquired) which: (a) is owned by the Company or any Subsidiary; (b) is located within any of the present 50 states of the United States of America (or the District of Columbia); (c) has not been determined in good faith by the Board of Directors not
to be of material importance to the business conducted by the Company and its Subsidiaries taken as a whole; and (d) has a book value on the date as of which the determination is being made of in excess of 0.75% of Consolidated Net Assets of the
Company as most recently determined on or prior to such date (including for purposes of such calculation the land, land improvements, buildings and such fixtures comprising such office, plant or facility, as the case may be). 
  
 “Redemption Date”, when used with respect to any Security to be
redeemed, means the date fixed for such redemption by or pursuant to 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 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 301. 
  
 “Responsible Officer”, when used with respect to the Trustee, means the chairman or any vice-chairman of the board of directors, the chairman or
any vice-chairman of the executive committee of the board of directors, the chairman of the trust committee, the president, any vice president, any assistant vice president, the secretary, any assistant secretary, the treasurer, any assistant
treasurer, the cashier, any assistant cashier, any trust officer or assistant trust officer, the controller or any assistant controller or any other officer of the Trustee customarily performing functions similar to those performed by any of the
above designated officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject. 
  
 “Restricted Subsidiary” means any Subsidiary which owns any
Principal Property; provided, however, that the term “Restricted Subsidiary” shall not include (a) any Subsidiary which is principally engaged in leasing or in financing receivables, or which is principally engaged in financing the
Company’s operations outside the United States of America; (b) any Subsidiary less than 80% of the voting stock of which is owned, directly or indirectly, by the Company or by one or more other Subsidiaries or by the Company and one or more
other Subsidiaries if the common stock of such Subsidiary is traded on any national securities exchange or quoted on the Nasdaq National Market or in the over-the-counter market; or (c) Oracle Corporation Japan, a Japanese corporation. For purposes
of this definition, “voting stock” has the meaning specified in the definition of “Subsidiary”, below. 
  

 7 

 “Sale and Lease-Back” has the meaning specified in Section 1009. 
  
 “Sale and Lease-Back Transaction” means any arrangement with any
Person providing for the leasing to the Company or any Restricted Subsidiary of any Principal Property which property has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person. 
  
 “Security” or “Securities” has the meaning stated in the
first recital of this Indenture and more particularly means any Security or Securities authenticated and delivered under this Indenture. 
  
 “Security Register” and “Security Registrar” have the respective meanings specified in Section 305. 
  
 “Significant Subsidiary”, as of any date of determination, has the
meaning set forth in Rule 1-02 of Article 1 of Regulation S-X (or any successor provision) of the Commission. 
  
 “Special Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 307. 
  
 “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 any corporation of which at least 66 2/3% of the
outstanding voting stock of such corporation is owned at the time, 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 which ordinarily has voting power for the election of directors, whether at all times or only so long as no senior class of stock has 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 

  

 8 

 the Securities of any series shall mean the Trustee with respect to Securities of that series. 
  
 “U.S. Government Obligations” means securities that are (a) direct
obligations of the United States of America for the payment of which its full faith and credit is pledged or (b) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America, the
timely payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case under clause (a) or (b) are not callable or redeemable at the option of the issuer thereof, and shall
also include a depository receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act of 1933, as amended) as custodian with respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any
such U.S. Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of
such depository receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment of principal of or interest on the U.S. Government Obligation evidenced by such depository receipt. 
  
 “Vice President”, when used with respect to the Company, means any
vice president, whether or not designated by a number or a word or words added before or after the title “vice president”. 
  
 Section 102.    
Certificates and Opinions. 
  
 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 Opinions 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 those provided for in Section 1004) shall include: 
  
 (1) a statement that each individual signing such
certificate or opinion has read such covenant or condition and the definitions herein related 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; 
  
 (3) a
statement that, in the opinion of each such individual, such individual has made such examination or investigation as is necessary to enable such individual to express an informed opinion as to whether or not such covenant or condition has been
complied with; and 
  

 9 

 (4) a statement as to whether, in the opinion of each such individual, such condition or
covenant has been complied with. 
  
 Section
103.    
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 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. 
  
 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 104.    
Acts of Holders; Record Dates. 
  
 (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders 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. Such instrument or instruments (and the action embodied therein and evidenced 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 601) conclusive in favor of the Trustee and the Company, if in the manner provided in this
Section. 
  
 (b) The fact and date of the execution by any Person
of any such instrument or 
  

 10 

 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 the execution thereof. Where such execution is by a signer acting in a capacity other than his
individual capacity, such certificate or affidavit shall also constitute sufficient proof of his 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 which the Trustee deems sufficient. 
  
 (c)
The ownership of Securities shall be proved by the Security Register. 
  
 (d) 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. 

 
 (e) The Company may, in the circumstances permitted by the Trust Indenture
Act, fix any day as the record date for the purpose of determining the Holders of Securities of any series entitled to give or take any request, demand, authorization, direction, notice, consent, waiver or other action, or to vote on any action,
authorized or permitted to be given or taken by Holders of Securities of such series. If not set by the Company prior to the first solicitation of a Holder of Securities of such series made by any Person in respect of any such action, or, in the
case of any such vote, prior to such vote, the record date for any such action or vote shall be the 30th day (or, if later, the date of the most recent list of Holders required to be provided pursuant to Section 701) prior to such first solicitation
or vote, as the case may be. With regard to any record date for action to be taken by the Holders of one or more series of Securities, only the Holders of Securities of such series on such date (or their duly designated proxies) shall be entitled to
give or take, or vote on, the relevant action. With regard to any record date set pursuant to this paragraph, the Holders of Outstanding Securities of the relevant series on such record date (or their duly appointed agents), and only such Persons,
shall be entitled to give or take the relevant action, whether or not such Holders remain Holders after such record date. With regard to any action that may be given or taken hereunder only by Holders of a requisite principal amount of Outstanding
Securities of any series (or their duly appointed agents) and for which a record date is set pursuant to this paragraph, the Company may, at its option, set an expiration date after which no such action purported to be given or taken by any Holder
shall be effective hereunder unless given or taken on or prior to such expiration date by Holders of the requisite principal amount of Outstanding Securities of such series on such record date (or their duly appointed agents). On or prior to any
expiration date set pursuant to this paragraph, the Company may, on one or more occasions at its option, extend such date to any later date. Nothing in this paragraph shall prevent any Holder (or any duly appointed agent thereof) from giving or
taking, after any expiration date, any action identical to, or, at any time, contrary to or different from, any action given or taken, or purported to have been given or taken, hereunder by a Holder on or prior to such date, in which event the
Company may set a record date in respect thereof pursuant to this paragraph. 
  

 11 

 Notwithstanding the foregoing or the Trust Indenture Act, the Company shall not set a record date for, and the provisions
of this paragraph shall not apply with respect to, any action to be given or taken by Holders pursuant to Section 501, 502 or 512. 
  
 (f) Without limiting the foregoing, a Holder entitled hereunder to give or 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 any one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any different part of such principal amount. 
  
 Section 105.    
Notices, Etc., to Trustee and Company. 
  
 Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders of 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 to or with the Trustee at its Corporate Trust Office, Attention: Corporate Trust Department, or 
  

(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 mailed, first-class postage prepaid, 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; provided, however, that such notice shall not be deemed to be given until received by the Company. 
  
 Section 106.    
Notice to Holder; 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, to each Holder affected by such
event, at such Holder’s address as it appears in the Security Register, not later than the latest date (if any), and not earlier than the earliest date (if any), prescribed for the giving of such notice. In any case where notice to Holders is
given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, 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 such notice by mail, then
such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 
  

 12 

 
Section 107.     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 such 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 provisions shall be deemed to apply to this
Indenture as so modified or to be excluded, as the case may be. 
  
 
Section 108.     Effect of Holdings and Table of Contents. 
  
 The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction thereof. 
  
 
Section 109.     Successors and Assigns. 
  
 All covenants and agreements in this Indenture by the Company shall bind its successors and assigns, whether so expressed or not. 
  
 
Section 110.     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 111.     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, any Authenticating Agent, Paying Agent, Security Registrar
and the Holders, any benefit or any legal or equitable right, remedy or claims under this Indenture. 
  
 
Section 112.     Governing Law. 
  
 This Indenture and the Securities shall be governed by and construed in accordance with the laws of the State of California. 
  
 
Section 113.     Legal Holidays. 
  
 In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any Security shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or the
Securities (other than a provision of the Securities of any series 
  

 13 

 which specifically states that such provision shall apply in lieu of this Section)) payment of interest or principal (and
premium, if any) 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 or Redemption Date, or at
the Stated Maturity, provided that no interest shall accrue for the period from and after such Interest Payment Date, Redemption Date or Stated Maturity, as the case may be. 
  
 ARTICLE TWO 
  
 
SECURITY FORMS 
  
 
Section 201.    Forms Generally. 
  
 The Securities of each series shall be in substantially the form set forth in this Article, or in such other form as shall be established by or pursuant to a Board Resolution 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 the rules of any securities exchange or as may, consistently herewith, be determined by the officers executing such Securities, as evidenced by their execution of the Securities. If the form of
Securities of any series is 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 the Company Order contemplated by Section 303 for the authentication and delivery of such Securities. 
  
 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. 
  
 
Section 202.    Form of Face of Security. 
  
 [INSERT ANY LEGEND REQUIRED BY THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER.] 
  

	

	No. __________	  	$___________
	 	  	 CUSIP ______

  

 14 

 ORACLE CORPORATION, a corporation duly organized and existing under the laws of Delaware (herein called
the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to             , or registered
assigns, the principal sum of              Dollars on              [if the Security is to bear interest prior to Maturity,
insert—, and to pay interest thereon from              or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semiannually on
             and              in each year, commencing             ,
at the rate of     % per annum, until the principal hereof is paid or made available for payment [if applicable, insert—, and (to the extent that the payment of such interest shall be legally enforceable) at the rate
of     % per annum on any overdue principal and premium and on any overdue installment of interest]. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such
Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be
the             or              (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date.
Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special
Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as
more fully provided in said Indenture.] 
  
 [If the Security is
not to bear interest prior to Maturity insert—The principal of this Security shall not bear interest except in the case of a default in payment of principal upon acceleration, upon redemption or at Stated Maturity and in such case the
overdue principal of this Security shall bear interest at the rate of     % per annum (to the extent that the payment of such interest shall be legally enforceable), which shall accrue from the date of such default in payment to
the date payment of such principal has been made or duly provided for. Interest on any overdue principal shall be payable on demand. Any such interest on any overdue principal that is not so paid on demand shall bear interest at the rate of
    % per annum (to the extent that the payment of such interest shall be legally enforceable), which shall accrue from the date of such demand for payment to the date payment of such interest has been made or duly provided for,
and such interest shall also be payable on demand.] 
  
 Payment of
principal of (and premium, if any) and [if applicable, insert—any such] interest on this Security will be made at the office or agency of the Company maintained for that purpose in Los Angeles, California, in such lawful currency of [the
United States of America] as at the time of payment is legal tender for payment of public and private debts [if applicable, insert —; 
  

 15 

 
provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such
address shall appear in the Security Register.] 
  
 Reference is
hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
  
 Unless the certificate of authentication hereof has been executed by the Trustee referred to on the reverse hereof by manual
signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
  
 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its corporate seal. 
  
 Dated: 
  
 ORACLE CORPORATION 
  
 By
                                        
                                        
                                 
  
 Attest: 
  
 Section 203.
    Form of Reverse of Security. 
  
 This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of February
    , 1997 (herein called the “Indenture”), between the Company and State Street Bank and Trust Company of California, N.A., as Trustee (herein called the “Trustee”, which term includes any successor trustee
under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders
of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof[, limited in aggregate amount to
$            ]. 
  
 [If applicable, insert—The Securities of this series are subject to—redemption upon not less than 30 days’ notice by mail, [if applicable, insert— 
  
 (1) on
             in any year 

  

 16 

 
commencing with the year              and ending with the year
             through operation of the sinking fund for this series at a Redemption Price equal to 100% of the principal amount, and (2)] at any time [on or after
            , 19            ], as a whole or in part, at the election of the Company, at the following Redemption Prices
(expressed as percentages of the principal amount): If redeemed (on or before             ,             %, and if redeemed]
during the 12-month period beginning              of the year indicated, 
  

	 Year

	 	 Redemption Price

	 	 	 

  
 and thereafter at a Redemption Price
equal to         % of the principal amount, together in the case of any such redemption [if applicable, insert—(whether through operation of the sinking fund or otherwise)] with accrued interest to
the Redemption Date, but interest installments whose due date is on or prior to such Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record
Dates referred to on the face hereof, all as provided in the Indenture.] 
  
 [If applicable, insert—The Securities of this Series are subject—to redemption upon not less than 30 days’ notice by mail, (1) on
             in any year commencing with the year          and ending with the year          through
operation of the sinking fund for this series at the Redemption Prices for redemption through operation of the sinking fund (expressed as percentages of the principal amount) set forth in the table below, and (2) at any time [on or after
            ], as a whole or in part, at the election of the Company, at the Redemption Prices for redemption otherwise than through operation of the sinking fund [expressed as percentages
of the principal amount] set forth in the table below: If redeemed during the 12-month period beginning              of the years indicated, 
  

	 Year

	 	 Redemption Price
 for Redemption
 Through Operation
 of the Sinking Fund

	  	 Redemption Price for
 Redemption Otherwise
 Than Through Operation
 of the Sinking Fund

	 	 	 	  	 

  
 and thereafter at a Redemption Price
equal to         % of the principal amount, together in the case 

  

 17 

 
of any such redemption (whether through operation of the sinking fund or otherwise) with accrued interest to the Redemption Date, but interest installments
whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates referred to on the face hereof,
all as provided in the Indenture.] 
  
 [Notwithstanding the
foregoing, the Company may not, prior to             , redeem any Securities of this series as contemplated by [Clause (2) of] the preceding paragraph as a part of, or in anticipation of,
any refunding operation by the application, directly or indirectly, of moneys borrowed having an interest cost to the Company (calculated in accordance with generally accepted financial practice) of less than
            % per annum.] 
  
 [The sinking fund for this series provides for the redemption on              in each year beginning with the year
             and ending with the year              of [not less than
$             (“mandatory sinking fund”) and not more than] $             aggregate principal amount of Securities of
this series. Securities of this series acquired or redeemed by the Company otherwise than through [mandatory] sinking fund payments may be credited against subsequent [mandatory] sinking fund payments otherwise required to be made [in the inverse
order in which they become due].] 
  
 [If the Security is
subject to redemption, insert—In the event of—redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof
upon the cancellation hereof.] 
  
 [If the Security is not an
Original Issue Discount, Security, insert—If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with
the effect provided in the Indenture.] 
  
 [If the Security is
an Original Issue Discount Security, insert—If an Event of Default with respect to Securities of this series shall occur and be continuing, an amount of principal of the Securities of this series may be declared due and payable in the
manner and with the effect provided in the Indenture. Such amount shall be equal to—insert formula for determining the amount. Upon payment (i) of the amount of principal so declared due and payable—and (ii) of interest on any overdue
principal and overdue interest (in each case to the extent that the payment of such interest shall be legally enforceable), all of the Company’s obligations in respect of the payment of the principal of and interest, if any, on the Securities
of this series shall terminate.] 
  
 The Indenture permits, with
certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the
Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains 

  

 18 

 
provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the
Holders of Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be
conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is
made upon this Security. 
  
 No reference herein to the Indenture
and no provision of this Secretary or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and
in the currency, herein prescribed. 
  
 As provided in the
Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place
where the principal of and any premium and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof
or his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or
transferees. 
  
 The Securities of this series are issuable only
in registered form without coupons in denominations of $             and any integral multiple thereof. As provided in the Indenture and subject to certain limitations therein set forth,
Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
  
 No service charge shall be made for any such registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charges payable in connection therewith. 
  
 Prior to due presentation of this 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 this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
  
 This Security shall be governed by and construed in accordance with the laws
of the State of California. 
  
 The terms used in this Security
which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 
  

 19 

 [FORM OF OPTION TO ELECT REPAYMENT.] 
  
 OPTION TO ELECT REPAYMENT 
  
 The undersigned hereby irrevocably requests and instructs the Company to repay the within Security (or portion thereof specified below) pursuant to its
terms at a price equal to the principal amount thereof, together with interest to the Repayment Date, to the undersigned, at              
  

  

 (Please Print or Typewrite Name and Address of the Undersigned) 
  
 For this Security to be repaid, the Company must receive this Security, with this “Option to Elect Repayment” form
duly completed, at an office or agency of the Company maintained for that purpose in             , or at such other place of which the Company shall from time to time notify the Holder, no
less than              days nor more than              days prior to
[            ,... or             ] [the              or
            (commencing on             )]. 
  
 If less than the entire principal amount of the within Security is to be repaid, specify the portion thereof (which shall be
$            , or an integral multiple of $            ) which the Holder elects to have repaid: $
            . 
  

	 Dated:
	 	                                       
                                        
                                        
      

	 	 	Note: The signature must correspond with the name as written upon the face of the Security in every particular without alteration or enlargement

  
 Section 204.
    Form of Legend for Global Securities. 
  
 Any Global Security authenticated and delivered hereunder may bear any legend required to comply with the requirements of any Depositary. 
  
 Section 205.
    Form of Trustee’s Certificate of Authentication. 
  
 The Trustee’s certificates of authentication shall be in substantially the following form: 
  

 20 

 This is one of the Securities of the series designated therein referred to in the within-mentioned
Indenture. 
  
 STATE STREET BANK AND TRUST

 COMPANY OF CALIFORNIA, N.A., as Trustee 
  
 By 

	 	

 Authorized Officer 
  
 
ARTICLE THREE 
  
 THE SECURITIES

  
 
Section 301.    Amount Unlimited; Issuable in Series. 
  
 The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 
  
 The Securities may be issued from time to time in one or more series. There
shall be established in or pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the
issuance of Securities of any series: 
  
 (1) the title of the
Securities of the series (which shall distinguish the Securities of the series from all other Securities); 
  
 (2) 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 304, 305, 306, 906 or 1107 and except for any Securities which, pursuant to Section
303, are deemed never to have been authenticated and delivered hereunder); 
  
 (3) 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; 
  
 (4) the date or
dates on which the principal of the Securities of the series is payable; 
  

 21 

 (5) the rate or rates at which the Securities of the series shall bear interest, if any, or the method by
which such rate or rates are determined, the date or dates from which such interest shall accrue, the Interest Payment Dates on which any such interest shall be payable on any Securities and the Regular Record Date for any interest payable on any
Interest Payment Date, and the basis upon which interest shall be calculated if other than that of a 360- day year of twelve 30-day months; 
  
 (6) the place or places where the principal of and any premium and interest on Securities of the series shall be payable and where the Securities of any
series may be surrendered for registration or transfer; 
  
 (7)
the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the series may be redeemed, in whole or in part, at the option of the Company; 
  
 (8) the obligation, if any, of the Company to redeem or purchase Securities
of the series pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the series shall be
redeemed or purchased, in whole or in part, pursuant to such obligation, and any provisions for the remarketing of such Securities; 
  
 (9) if other than denominations of $1,000 and any integral multiple thereof, the denominations in which Securities of the series shall be issuable;

  
 (10) the currency, currencies or currency units in which
payment of the principal of and any premium and interest on any Securities of the series shall be payable if other than the currency of the United States of America and the manner of determining the equivalent thereof in the currency of the United
States of America for purposes of the definition of “Outstanding” in Section 101; 
  
 (11) if the amount of payments of principal of or any premium or interest on any Securities of the series may be determined with reference to an index, formula or other method, the manner in which such amounts shall
be determined; 
  
 (12) if the principal of or any premium or
interest on any Securities of the series is to be payable, at the election of the Company or a Holder thereof, in one or more currencies or currency units other than that or those in which the Securities are stated to be payable, the currency,
currencies or currency units in which payment of the principal of and any premium and interest on Securities of such series as to which such election is made shall be payable, and the periods within which and the terms and conditions upon which such
election is to be made; 
  
 (13) if other than the principal
amount thereof, the portion of the principal amount 
  

 22 

 
of Securities of the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 502; 
  
 (14) the terms and conditions, if any, upon which any Securities of such
series may or shall be converted into other securities or property; 
  
 (15) the non-applicablility, or variation, of Sections 1008 and 1009 with respect to the Securities of such series; 
  
 (16) if applicable, that the Securities of such series shall be defeasible as provided in Article Thirteen; 
  
 (17) if and as applicable, that the Securities of such series shall be
issuable in whole or in part in the form of one or more Global Securities and, in such case, the Depositary or Depositaries for such Global Security or Global Securities and any circumstances other than those set forth in Section 305 in which any
such Global Security may be transferred to, and registered and exchanged for Securities registered in the name of, a Person other than the Depositary for such Global Security or a nominee thereof and in which such transfer may be registered;

  
 (18) the Security Registrar, if other than the Trustee, and
the entity who will be the Paying Agent; 
  
 (19) if applicable,
any Events of Default with respect to Securities of such series, to the extent that such Events of Default are in addition to the Events of Default herein contained; 
  
 (20) any other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture, except as
permitted by Section 901(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 303) set forth, or determined in the manner provided, in the
Officers’ Certificate referred to above or in any such indenture supplemental hereto. All Securities of any one series need not be issued at the same time and, unless otherwise provided, a series may be reopened for issuances of additional
Securities of such series. 
  
 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 

  

 23 

 
Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate setting forth the terms of the
series. 
  
 Section 302.
    Denominations. 
  
 The Securities of each series shall be issuable in registered form without coupons in such denominations as shall be specified as contemplated by Section 301. In the absence of any such provisions 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 303.
    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 President, one of its Vice
Presidents or its Treasurer, under its corporate seal reproduced thereon attested by its Secretary or one of its 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
upon receipt by the Trustee of the Supplemental Indenture or Board Resolutions and an opinion of counsel as described below the Trustee in accordance with the Company Order (which may provide that Securities that are the subject thereof will be
authenticated and delivered by the Trustee upon the telephonic order promptly followed by written order of Persons designated in said Company Order and that such Persons are authorized to determine such terms and conditions of said Securities as are
specified in the Company Order) shall authenticate and deliver such Securities. If the form or terms of the Securities of the series have been established in or pursuant to one or more Board Resolutions or Supplemental Resolutions as permitted by
Sections 201 and 301, 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 601) shall be fully
protected in relying upon, an Opinion of Counsel stating: 
  
 (1)
if the form such Securities has been established by or pursuant to a Board Resolution as permitted by Section 201 or a Supplemental Resolution, 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 a
Board Resolution as permitted by Section 301 or a Supplemental Resolution, that such terms have been established in conformity with the provisions of this Indenture; and 
  

 24 

 (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 valid and legally binding obligations of the Company enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium and similar laws of general applicability relating to or affecting creditors, rights and to general equity principals and to such other matters as counsel may specify. 
  
 If such form or terms have been so established, the Trustee shall not be
required to authenticate such Securities if the issue 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 which is not
reasonably acceptable to the Trustee. 
  
 Notwithstanding the
provisions of Section 301 and of the preceding paragraph, if all Securities of a series are not to be originally issued at one time, it shall not be necessary to deliver the Officers’ Certificate otherwise required pursuant to Section 301 or
the Company Order and Opinion of Counsel otherwise required pursuant to such preceding paragraph at or prior to the time of 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 and contemplate issuance of all Securities of such series. 
  
 Each Security shall be dated the date of its authentication. 
  
 No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security a
certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly
authenticated and delivered hereunder. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for
cancellation as provided in Section 309, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 
  
 Section 304.    
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 determined, as evidenced by their execution of such Securities. 
  

 25 

 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 maintained pursuant to Section 1002 in a Place of Payment for that series for the purpose of exchanges of Securities of such series, without charge to the Holder. Upon surrender for
cancellation of any one or more temporary Securities of any series the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor one or more definitive Securities of the same series, of any authorized denominations
and of a like aggregate principal amount and tenor. 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. 

 
 Section 305.    
Registration, Registration of Transfer and Exchange. 
  
 The Company shall cause to be kept at the Corporate Trust Office of the Trustee 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. The Trustee
is hereby appointed “Security Registrar” for the purpose of registering Securities and transfers of Securities as herein provided. 
  
 Upon surrender for registration of transfer of any Security of any series at the office or agency in a Place of Payment for that series, the Company shall
execute, 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 a like aggregate principal amount and tenor.

  
 At the option of the Holder, Securities of any series may be
exchanged for other Securities of the same series of any authorized denominations and of a like aggregate principal amount and tenor, upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities are so
surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities which 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 or
the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly 
  

 26 

 
executed by the Holder thereof or his attorney duly authorized in writing. 
  
 No service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require
payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 304, 906 or 1007 not involving any
transfer. 
  
 The Company shall not be required (a) to issue,
register the transfer of or exchange Securities of any series during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of Securities of that series selected for redemption under Section
1103 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 in the case of any Security to be redeemed in part, the portion
thereof not to be redeemed. 
  
 Notwithstanding any other
provision in this Indenture, any Global Security shall be exchangeable pursuant to this Section 305 for Securities registered in the names of Persons other than the Depositary for such Global Security or its nominee only when (a) the Depositary
notifies the Company and the Trustee in writing that it is unwilling or unable to continue as Depositary for such Global Security or if at any time the Depositary ceases to be a clearing agency registered under the Exchange Act and a successor
Depositary is not appointed by the Company within 90 days, (b) the Company in its sole discretion determines not to have all of the Securities represented by a Global Security and executes and delivers to the Trustee a Company Order that such Global
Security shall be so exchangeable, (c) there shall have occurred and be continuing an Event of Default or an event which, with the giving of notice or lapse of time, or both, would constitute an Event of Default with respect to the Securities
represented by such Global Security or (d) there shall exist such other circumstances, if any, as shall be specified for this purpose as contemplated by Section 301. Any Global Security that is exchangeable pursuant to clause (a), (b), (c) or (d)
above, shall be surrendered by the Depositary, or such other depositary as shall be specified in the Company Order with respect thereto, to the Trustee, as the agent for such purpose, to be exchanged, in whole or in part, for definitive Securities
without charge, and the Trustee shall authenticate and deliver, in exchange for each portion of such permanent Global Security, an equal aggregate principal amount of definitive Securities, executed by the Company, of the same series of authorized
denominations and of like tenor as the portion of such Global Security to be exchanged, which shall be in the form of registered Securities as provided in the Company Order. 
  
 Every Security authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global
Security other than pursuant to clauses (a), (b), (c) or (d) in the preceding paragraph, whether pursuant to this Section, Sections 304, 306, 906 or 1107 or otherwise, shall be authenticated and delivered in the form of, and shall be, a Global
Security. 
  
 Section 306.
    Mutilated, Destroyed, Lost and Stolen Securities. 
  

 27 

 If any mutilated Security is surrendered to the Trustee, the Company shall execute 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 (a) evidence to their satisfaction of the destruction, loss or
theft of any Security and (b) 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
bona fide purchaser, the Company shall execute and 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. 
  
 In case any such mutilated,
destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 
  
 Upon the issuance of any new Security under this Section, the Company may require 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 307.
    Payment of Interest: Interest Rights Preserved. 
  
 Except as otherwise provided as contemplated by Section 301 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.

  
 In the case of Securities represented by a Global Security
registered in the name of or held by a Depositary or its nominee, unless otherwise specified by Section 301, payment of 
  

 28 

 principal, premium, if any and interest, if any, will be made to the Depositary or its nominee, as the case may be, as
the registered owner or Holder of such Global Security. None of the Company, the Trustee, any Paying Agent, any Authenticating Agent nor the Security Registrar for such Securities will have any responsibility or liability for any aspect of the
records relating to or payments made on account of beneficial ownership interest in an Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
  
 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 mailed, first-class postage prepaid, to each Holder of Securities of such series at his address as it appears in the Security Register, not less than 10 days
prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, 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 is 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. 
  

 29 

 At the option of the Company, interest on Securities of any series that bear interest may be paid by wire
transfer to an account within the United States or by mailing a check to the address of the Person entitled thereto as such address shall appear in the Security Register. 
  
 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 308.    
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 (except as otherwise specified as contemplated by Section 301(3) and subject to Section 307) any interest on such Security and for all other purposes whatsoever, whether or not such Security be
overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 
  
 In the case of a Global Security, so long as the Depositary for such Global Security, or its nominee, is the registered owner of such Global Security,
such Depositary or such nominee, as the case may be, will be considered the sole owner or Holder of the Securities represented by such Global Security for all purposes under this Indenture. Except as provided in Section 305, owners of beneficial
interests in a Global Security will not be entitled to have Securities that are represented by such Global Security registered in their names, will not receive or be entitled to receive physical delivery of such Securities in definitive form and
will not be considered the owners or Holders thereof under this Indenture. 
  
 Notwithstanding the foregoing, with respect to any Global Security, nothing herein shall (a) prevent the Company, the Trustee, or any agent of the Company or the Trustee, from giving effect to any written
certification, proxy or other authorization furnished by a Depositary or (b) impair, as between a Depositary and holders of beneficial interests in any Global Security, the operation of customary practices governing the exercise of the rights of the
Depositary as holder of such Global Security. 
  
 None of the
Company, the Trustee, any Paying Agent or the Security Registrar will have any responsibility or liability for any aspect of the records relating to, or payments made on account of, beneficial ownership interests of a Security issued in global form
or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
  
 Section 309.    
Cancellation. 
  
 All Securities
surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly canceled by it.
The Company 
  

 30 

 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. 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.
All canceled Securities held by the Trustee shall be disposed of by the Trustee in accordance with its customary practices and the Trustee shall from time to time, or upon request by the Company, deliver to the Company certificates of destruction
with respect thereto. 
  
 Section
310.    
Computation of Interest. 
  
 Except as otherwise specified as contemplated by Section 301 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 FOUR 
  
 SATISFACTION AND
DISCHARGE 
  
 Section 401.
    Satisfaction and Discharge of Indenture. 
  
 This Indenture shall upon Company Request cease to be of further effect (except as to any surviving rights of registration of transfer or exchange of
Securities herein expressly provided for), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when 
  
 (1) either 
  
 (A) all 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 306 and (ii) Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust
by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 1003) have been delivered to the Trustee for cancellation; o r 
  
 (B) all such Securities not theretofore delivered to the Trustee for cancellation 
  
 (i) have become due and payable, or 
  

 31 

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

  
 (iii) are to be called for redemption within
one year under arrangements satisfactory to the Trustee for the giving of notice of redemption 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, lawful
money of the United States or U.S. Government Obligations which through the payment of interest and principal in respect thereof in accordance with their terms will provide lawful money not later than one day before the due dates of principal (and
premium, if any) or interest, or any combination thereof, 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; and 
  
 (3) 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 have been complied with. 
  
 In the event there are Securities of two or more series hereunder, the
Trustee shall be required to execute an instrument acknowledging satisfaction and discharge of this Indenture only if requested to do so with respect to the Securities of all series to which it is Trustee and if the other conditions thereto are met.
In the event there are two or more Trustees hereunder, then the effectiveness of any such instrument shall be conditioned upon receipt of such instruments from all Trustees hereunder. 
  
 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under
Section 607, the obligations of the Trustee to any Authenticating Agent under Section 614 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
402 and the last paragraph of Section 1003 shall survive. 
  
 Section 402.    
Application of Trust Money. 
  
 Subject to the provisions of the last paragraph of Section 1003, all money deposited 
  

 32 

 
with the Trustee pursuant to Section 401 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 as set forth in the Securities Register, of the principal and any premium
and interest for whose payment such money has been deposited with the Trustee. 
  
 
ARTICLE FIVE 
  
 REMEDIES

  
 
Section 501.    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 such event is either inapplicable to a particular series or
it is specifically deleted or modified in the supplemental indenture creating such series of Securities or in the form of Security for such series: 
  
 (1) default in the payment of any interest upon any Security of that series when it becomes due and payable, and continuance of such default for a period
of 30 days; or 
  
 (2) default in the payment of the principal of
(or premium, if any, on) any Security of that series at its Maturity; or 
  
 (3) default in the deposit of any sinking fund payment, when and as due by the terms of a Security of that series; or 
  
 (4) default in the performance, or breach, of any covenant or warranty of the Company in this Indenture (other than a covenant or warranty a default in
whose performance or whose breach is specifically dealt with elsewhere in this Section or which has expressly been included in this Indenture solely for the benefit of a series of Securities other than that series or which has been included in this
Indenture but not made applicable to the Securities of such series), and continuance of such default or breach for a period of 90 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and
the Trustee by the Holders of at least 15% in principal amount of the Outstanding Securities of that series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of
Default” hereunder; or 
  
 (5) failure by the Company to make
any payment at maturity, including any applicable grace period, in respect of indebtedness, which term as used herein means obligations (other than the Securities of such series or non-recourse obligations) of the Company for borrowed money or
evidenced by an amount in excess of $25,000,000 or the equivalent thereof in any other currency or composite currency and such failure shall have continued for thirty (30) days after written notice thereof shall have been given to the Company by the
Trustee or to the Company and the Trustee by the Holders of at least 15% in principal amount of the Outstanding Securities of that series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice
is a “Notice of Default” hereunder; or 
  

 33 

 (6) a default with respect to any Indebtness, which default results in the acceleration of Indebtness in
an amount in excess of $25,000,000 or the equivalent thereof in any other currency or composite currency without such Indebtness having been discharged or such acceleration having been cured, waived, rescinded or annulled for a period of thirty (30)
days after written notice thereof shall have been given to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 15% in principal amount of the Outstanding Securities of that series a written notice specifying such
default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; 
  
 (7) the entry by a court having jurisdiction in the premises of (a) a decree or order for relief in respect of the Company in an involuntary case or
proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or (b) a decree or order adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization,
arrangement, adjustment or composition of or in respect of the Company under any applicable Federal or State law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or of any
substantial part of its properties, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 90 consecutive days; or 
  
 (8) the commencement by the Company of a voluntary case or proceeding under
any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by the Company to the entry of a decree or order for relief in
respect of the Company in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against the
Company, or the filing by the Company of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State law, or the consent by the Company to the filing of such petition or to the appointment of or taking
possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or of any substantial part of its properties, or the making by the Company of an assignment for the benefit of creditors, or
the admission by the Company in writing its inability to pay its debts generally as they become due, or the taking of corporate 
  

 34 

 
action by the Company in furtherance of any such action; or 
  
 (9) any other Event of Default provided with respect to Securities of that series. 
  
 Provided that if any such Failure, default or acceleration referred to in clauses (5) or (6) above shall cease or be cured,
waived, rescinded or annulled, then the Event of Default hereunder by reason thereof shall be deemed likewise to have been thereupon cured. 
  
 Upon receipt by the Trustee of any Notice of Default pursuant to this Section 501 with respect to Securities of any series, a record date shall
automatically and without any other action by any Person be set for the purpose of determining the Holders of Outstanding Securities of such series entitled to join in such Notice of Default, which record date shall be the close of business on the
day the Trustee receives such Notice of Default. Promptly after the establishment of a record date pursuant to the provisions of this Section 501, the Trustee shall notify the Company and the Holders of Outstanding Securities of such series of the
establishment of such record date. The Holders of Outstanding Securities of such series on such record date (or their duly appointed agents), and only such Persons, shall be entitled to join in such Notice of Default, whether or not such Holders
remain Holders after such record date; provided that, unless such Notice of Default shall have become effective by virtue of Holders of the requisite principal amount of Outstanding Securities of such series on such record date (or their duly
appointed agents) having joined therein on or prior to the 90th day after such record date, such Notice of Default shall automatically and without any action by any Person be canceled and of no further effect. Nothing in this paragraph shall prevent
a Holder (or a duly appointed agent thereof) from giving, before or after the expiration of such 90-day period, a Notice of Default contrary to or different from, or, after the expiration of such period, identical to, a Notice of Default that has
been canceled pursuant to the proviso to the preceding sentence, in which event a new record date in respect thereof shall be set pursuant to this paragraph. 
  
 
Section 502.    Acceleration of Maturity; Rescission and Annulment. 
  
 If an Event of Default with respect to Securities of any series at the time Outstanding occurs and is continuing, then in every such case the Trustee or
the Holders of not less than 25% in principal amount of the Outstanding Securities of that series may declare the principal amount (or, if any of the Securities of that series are Original Issue Discount Securities, such portion of the principal
amount of such Securities as may be specified in the terms thereof) of all of the Securities of that series to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such
declaration such principal amount (or specified amount) shall become immediately due and payable. 
  
 At any time after such a declaration of acceleration with respect to Securities of any series has been made, but 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 Outstanding Securities of that series, by written notice to the Company and the Trustee, may rescind and
annul such acceleration and its consequences if: 
  
 (1) the
Company has paid or deposited with the Trustee a sum sufficient to pay 
  

 35 

 (A) all overdue interest on all Securities of that series, 
  
 (B) the principal of (and 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, to the extent that payment of such interest is lawful; 
  
 (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 and the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel; 
  
 and 
  
 (2) all Events of Default with respect to Securities of that series, other
than the non-payment of the principal of Securities of that series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 513. 
  
 No such rescission shall affect any subsequent default or impair any right consequent thereon. 
  
 Upon receipt by the Trustee of any declaration of acceleration, or any
rescission and annulment of any such declaration, pursuant to this Section 502 with respect to Securities of any series, a record date shall automatically and without any other action by any Person be set for the purpose of determining the Holders
of Outstanding Securities of such series entitled to join in such declaration, or rescission or annulment, as the case may be, which record date shall be the close of business on the day the Trustee receives such declaration, or rescission and
annulment, as the case may be. Promptly after the establishment of a record date pursuant to the provisions of this Section 502, the Trustee shall notify the Company and the Holders of Outstanding Securities of such series of the establishment of
such record date. The Holders of Outstanding Securities of such series on such record date (or their duly appointed agents), and only such Persons, shall be entitled to join in such declaration, or rescission and annulment, as the case may be,
whether or not such Holders remain Holders after such record date; provided that, unless such declaration, or rescission and annulment, as the case may be, shall have become effective by virtue of Holders of the requisite principal amount of
Outstanding Securities of such series on such record date (or their duly appointed agents) having joined therein on or prior to the 90th day after such record date, such declaration, or rescission and annulment, as the case may be, shall
automatically and without any action by any Person be canceled and of no further effect. Nothing in this paragraph shall prevent a Holder (or a duly appointed agent thereof) from giving, before or after the expiration of such 90-day 

  

 36 

 period, a declaration of acceleration, or a rescission and annulment of any such declaration, contrary to or different
from, or, after the expiration of such period, identical to, a declaration, or rescission and annulment, as the case may be, that has been canceled pursuant to the proviso to the preceding sentence, in which event a new record date in respect
thereof shall be set pursuant to this paragraph. 
  
 Section 503.    
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 of (or premium, if any, on) any Security at the Maturity thereof, or 
  
 (3) default is made in the payment of any sinking or purchase fund or analogous obligation when the same becomes due by the terms of the
Securities of any series, and any such default continues for any period of grace provided with respect to the Securities of such series. 
  
 the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holder of any such Security (or the Holders of any such series in the case of clause (3)
above), the whole amount then due and payable on any such Security (or on the Securities of any such series in the case of clause (3) above) for principal and any premium and interest 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 by the terms of any such Security (or of Securities of any such series in the case of clause (3) above); and, in
addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 
  
 If the Company fails to pay such amounts forthwith upon such demand, the
Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceedings to judgment or final decree, and may enforce the same against the
Company or any other obligor upon the Securities of such series and collect the money adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated.

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

 37 

 Section 504.    
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 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 reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 607. 
  
 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.

  
 Section 505.    
Trustee May Enforce Claims Without Possession of Securities. 
  
 All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating
thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered. 
  
 Section 506.    
Application of Money Collected. 
  
 Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal or any premium or
interest, upon presentation of the Securities and the notation thereof 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 607; 
  
 SECOND: To the payment of the amounts then due and unpaid for principal of and 
  

 38 

 
any premium 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 and interest, respectively; and 
  
 THIRD: The balance, if any, to the Company or any other Person or Persons entitled thereto. 
  
 In any case where Securities are outstanding which are denominated in more
than one currency, or in a composite currency and at least one other currency, and the Trustee is directed to make ratable payments under this Section to Holders of Securities, the Trustee shall calculate the amount of such payments as follows: (i)
as of the day the Trustee collects an amount under this Article, the Trustee shall, as to each Holder of a Security to whom an amount is due and payable under this Section which is denominated in a foreign currency or a composite currency, determine
that amount of U.S. Dollars that would be obtained for the amount owing such Holder, using the rate of exchange at which in accordance with normal banking procedures the Trustee could purchase in The City of New York U.S. Dollars with such amount
owing, (ii) calculate the sum of all U.S. Dollar amounts determined under (i) and add thereto any amounts due and payable in U.S. Dollars; and (iii) using the individual amounts determined in (i) or any individual amounts due and payable in U.S.
Dollars, as the case may be, as a numerator and the sum calculated in (ii) as a denominator, calculate as to each Holder of a Security to whom an amount is owed under this Section the fraction of the amount collected under this Article payable to
such Holder. Any expenses incurred by the Trustee in actually converting amounts owing Holders of Securities denominated in a currency or composite currency other than that in which any amount is collected under this Article shall be likewise (in
accordance with this paragraph) borne ratably by all Holders of Securities to whom amounts are payable under this Section. 
  
 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, or any premium or interest on the Securities of any series (the “Required Currency”) into a currency in which 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 New York Business Day preceding that on which final judgment is
given. The Company shall not be liable for any shortfall nor shall it benefit from any windfall in payments to Holders of Securities under this Section 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 Required Currency to make payments under this Section 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 507.    Limitation on Suits. 
  
 No Holder of any Security of any series shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy
hereunder, unless: 
  
 (1) such Holder has
previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that series; 
  
 (2) the Holders of not less than 25% in principal amount of the Outstanding Securities of that series shall have made written request to
the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 
  
 (3) such Holder or Holders have offered to the Trustee reasonable indemnity against the costs, expenses and liabilities to be incurred in
compliance with such request; 
  
 (4) the Trustee
for 60 days after 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 Outstanding Securities of that series; 
  
 it
being understood and intended that 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 508.    
Unconditional Right of Holders to Receive Principal, Premium and Interest. 
  
 Notwithstanding any other provision of this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive
payment of the principal of any premium and (except as specified as contemplated by Section 301(3) and subject to Section 307) any 

  

 39 

 
interest on such Security on the Stated Maturity or Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date) and to
institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 
  
 
Section 509.    Restoration of Rights and Remedies. 
  
 If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued
or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and
respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 
  
 
Section 510.    Rights and Remedies Cumulative. 
  
 Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of
Section 306, 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 511.    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 or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be
deemed expedient, by the Trustee or by the Holders, as the case may be. 
  
 
Section 512.    Control by Holders. 
  
 The Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee,
or exercising any trust or power conferred on the Trustee, with respect to the Securities of such series, provided that 
  
 (1) such direction shall not be in conflict with any rule of law or with this Indenture, 
  

 40 

 (2) the Trustee shall not determine (it being understood that the Trustee shall have no obligation to
make such determination) that the action so directed would be unjustly prejudicial to Holders of Securities of that series, or any other series, not taking part in such direction, and 
  
 (3) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

  
 Upon receipt by the Trustee of any such direction with respect
to Securities of any series, a record date shall automatically and without any other action by any Person be set for determining the Holders of Outstanding Securities of such series entitled to join in such direction, which record date shall be the
close of business on the day the Trustee receives such direction. Promptly after the establishment of a record date pursuant to the provisions of this Section 512, the Trustee shall notify the Holders of Outstanding Securities of such series of the
establishment of such record date. The Holders of Outstanding Securities of such series on such record date (or their duly appointed agents), and only such Persons, shall be entitled to join in such direction, whether or not such Holders remain
Holders after such record date; provided that, unless such direction shall have become effective by virtue of Holders of the requisite principal amount of Outstanding Securities of such series on such record date (or their duly appointed agents)
having joined therein on or prior to the 90th day after such record date, such direction shall automatically and without any action by any Person be canceled and of no further effect. Nothing in this paragraph shall prevent a Holder (or a duly
appointed agent thereof) from giving, before or after the expiration of such 90-day period, a direction contrary to or different from, or, after the expiration of such period, identical to, a direction that has been canceled pursuant to the proviso
to the preceding sentence, in which event a new record date in respect thereof shall be set pursuant to this paragraph. 
  
 
Section 513.    Waiver of Past Defaults. 
  
 The Holders of not less than a majority in principal amount of the Outstanding Securities of any series may on behalf of the Holders of all the Securities of such series waive any past default hereunder with respect
to such series and its consequences, except a default 
  
 (1) in
the payment of the principal of or any premium or interest on any Security of such series, or 
  
 (2) in respect of a covenant or provision hereof which under Article Nine cannot be modified or amended without the consent of the Holder of each Outstanding Security of such series 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 

  

 41 

 such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 
  
 Section 514.    
Undertaking for Costs. 
  
 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 neither this Section nor the Trust Indenture Act shall be deemed to authorize any
court to require such an undertaking or to make such an assessment in any suit instituted by the Company. 
  
 Section 515.    
Waiver of Stay or Extension Laws. 
  
 The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or
at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it
will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 
  
 
ARTICLE SIX 
  
 THE TRUSTEE

  
 Section 601.    
Certain Duties and Responsibilities. 
  
 The duties and responsibilities of the Trustee shall be as provided by the Trust Indenture Act. Notwithstanding the foregoing (but subject to Section 107), no provision of this Indenture shall require the Trustee to expend or risk its own
funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate
indemnity against such risk or liability is not reasonably assured to it. Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee
shall be subject to the provisions of this Section. 
  
 Section 602.    
Notice of Defaults. 
  
 If a
default occurs hereunder with respect to Securities of any series of which the Trustee has notice, the Trustee shall give the Holders of Securities of such series notice of such default as and to the extent provided by 
  

 42 

 the Trust Indenture Act and in the manner provided in Section 106; provided, however, that in the case of any default of
the character specified in Section 501(4) with respect to Securities of such series, no such notice to Holders shall be given until at least 30 days after the occurrence thereof. For the purpose of this Section, the term “default” means
any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to Securities of such series. The Trustee shall not be deemed to have notice of any default or Event of Default unless the Corporate Trust
Department of the Trustee has actual knowledge of such default or Event of Default. 
  
 Section 603.    
Certain Rights of Trustee. 
  
 Subject to the provisions of Section 601: 
  
 (1) 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, 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) any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order and any
resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 
  
 (3) whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to
taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officers’ Certificate; 
  
 (4) 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; 
  
 (5) the Trustee shall be under no obligation to exercise any
of the rights of powers vested in it by this Indenture at the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered 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) 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; and

  

 43 

 (7) 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. 
  
 
Section 604.    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 the Trustee or any Authenticating Agent assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities. The Trustee or any Authenticating
Agent shall not be accountable for the use or application by the Company of Securities or the proceeds thereof. 
  
 
Section 605.    Money Held in Securities. 
  
 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 608 and 613, 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. 
  
 
Section 606.    Money Held in Trust. 
  
 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 investment of or interest on any money received by
it hereunder except as otherwise agreed with the Company. 
  
 
Section 607.    Compensation and Reimbursement. 
  
 The Company agrees 
  
 (1) to pay to the Trustee from time to time reasonable compensation for all services rendered by it hereunder (which compensation shall
not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 
  
 (2) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements
and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except to the extent any such expense, disbursement
or advance may be attributable to its negligence or bad faith; and 
  

 44 

 (3) to indemnify the Trustee for, and to hold it harmless against, any loss, liability or
expense, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder or the performance of its duties hereunder, including the costs and expenses of defending itself against any claim or liability in
connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its negligence or bad faith. 
  
 As security for the performance of the obligations of the Company under this
Section the Trustee shall have a lien prior to the Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for payment of principal of (and premium, if any) or interest, if any, on particular
Securities. 
  
 “Trustee”, for purposes of this Section
607, includes any predecessor Trustee, provided that the negligence or bad faith of any Trustee shall not affect the rights under this Section 607 of any other Trustee. 
  
 
Section 608.    Disqualification; Conflicting Interests. 
  
 If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest
or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture, and the Company shall take prompt action to have a successor Trustee appointed in the manner provided herein.

  
 
Section 609.    Corporate Trustee Required; Eligibility. 
  
 There shall at all times be a Trustee hereunder with respect to the Securities of each series, which shall be a Person that is eligible pursuant to the
Trust Indenture Act to act as such, has (or if such 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 is subject to supervision or examination by Federal or
State authority. If such Person 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
Person 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 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. 
  
 
Section 610.    Resignation and Removal; Appointment of Successor. 
  
 (a) 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 611. 
  

 45 

 (b) 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 611 shall not have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee
may petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 
  
 (c) 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
Outstanding Securities of such series, delivered to the Trustee and to the Company. 
  
 (d) If at any time: 
  
 (A) the Trustee shall fail to comply with Section 608 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 
  
 (B) the Trustee shall cease to be eligible under Section 609
and shall fail to resign after written request therefor by the Company or by any such Holder, or 
  
 (C) 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, (i) the Company by a Board Resolution may remove the Trustee with
respect to all Securities, or (ii) subject to Section 514, 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. 
  
 (e) 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 shall comply with the applicable requirements of
Section 611. If, within six months 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 Outstanding Securities of such series delivered to the Company and the 
  

 46 

 retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in
accordance with the applicable requirements of Section 611, 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 611, any Holder who has been a bona fide Holder of a Security of such series for at least six
months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 
  
 (f) The Company shall give notice of each resignation and each removal of the
Trustee with respect to Securities of any series and each appointment of a successor Trustee with respect to Securities of any series to all Holders of Securities of such series in the manner provided in Section 106. 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 611. Acceptance of Appointment by Successor. 
  
 (a) In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor 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 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. 
  
 (b) 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 (i) 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, (ii) 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 (iii) 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 
  

 47 

 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. 
  
 (c) 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 paragraph (a) or (b) of this Section, as the case may be. 
  
 (d) 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 612.    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 all or substantially all the corporate trust business of the Trustee, 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 such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself
authenticated such Securities. In the event any Securities shall not have been authenticated by such predecessor Trustee, any such successor Trustee may authenticate and deliver such Securities, in either its own name or that of its predecessor
Trustee, with the full force and effect which this Indenture provides for the certificate of authentication of the Trustee. 
  
 
Section 613.    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), 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 614.    Appointment of Authenticating Agent. 
  

 48 

 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 306, and
Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and
delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication
executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of America, any State
thereof or the District of Columbia, authorized under such laws to act as Authenticating Agent, having (or if such 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 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 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 may resign at
any time by giving written notice thereof to the Trustee and the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving
such a notice of resignation or upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which
shall be acceptable to the Company and shall mail written notice of such appointment by first-class mail, postage prepaid, to all Holders of Securities of the series with respect to which such Authenticating Agent will serve, as their names and
addresses appear in the Security Register. 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. 
  

 49 

 The Trustee agrees to pay to each Authenticating Agent from time to time reasonable compensation for its
services under this Section, and the Trustee shall be entitled to be reimbursed for such payments, subject to the provisions of Section 607. 
  
 If an appointment with respect to one or more series is made pursuant to this Section, the Securities of such series may have endorsed thereon, in
addition to the Trustee’s certificate of authentication, an alternative certificate of authentication in the following form: 
  
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

 50 

 STATE STREET BANK AND TRUST COMPANY 
 OF CALIFORNIA, N.A., As Trustee 
  
 By:
                                        ,

 As Authenticating Agent 
  
 By:
                                        ,

 Authorized Officer 
  
 ARTICLE SEVEN 
  
 
HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 
  
 
Section 701.    Company to Furnish Trustee Names and Addresses of Holders. 
  
 The Company will furnish or cause to be furnished to the Trustee 
  

(1) semi-annually, not later than 15 days after the Regular Record Date for each series of Securities, a list, in such form as the
Trustee may reasonably require, of the names and addresses of the Holders of Securities as of such Regular Record Date, or if there is no Regular Record Date for interest for such series of Securities, semi-annually, upon such dates as are set forth
in the Board Resolution or indenture supplemental hereto authorizing such series, 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, however, that so long as the Trustee is the Security Registrar, no such list shall be required to be furnished. 
  
 
Section 702.    Preservation of Information; Communications to Holders. 
  
 (a) The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders of Securities (i) contained in the
most recent list furnished to the Trustee for each series as provided in Section 701 and (ii) received by the Trustee for each series in its capacity as Security Registrar if the Trustee is acting in such capacity. The Trustee may destroy any list
furnished to it as provided in Section 701 upon receipt of a new list so furnished. 
  

 51 

 (b) 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. 
  
 (c) 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 the names and addresses of Holders made pursuant to the Trust Indenture Act. 
  
 Section 703.    
Reports by Trustee. 
  
 (a) The
Trustee shall transmit to Holders of securities, as their names and addresses appear in the Security Register, 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. 
  
 (b) 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 704.    
Reports by Company. 
  
 The Company
shall file with the Trustee and the Commission, and transmit to Holders, such information, documents and other reports, if any, and such summaries thereof, as may be required pursuant to the Trust Indenture Act at the times and in the manner
provided pursuant to such Act; provided that any such information, documents or reports required to be filed with Commission pursuant to Section 13 or 15(d) of the Exchange Act shall be filed with the Trustee within 15 days after the same is so
required to be filed with the Commission. 
  
 ARTICLE EIGHT

  
 
CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 
  
 Section 801.    
Company May Consolidate, Etc., Only on Certain Terms. 
  
 The Company shall not consolidate with or merge into any other Person or convey, transfer or lease its properties and assets substantially as an entirety to any Person, unless: 
  
 (1) in case the Company shall consolidate with or merge into
another Person or convey, transfer or lease its properties and assets substantially as an entirety to any Person, 
  

 52 

 the Person formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or
transfer, or which leases, the properties and assets of the Company substantially as an entirety shall be a corporation, partnership or trust, shall be organized and validly existing under the laws of the United States of America, any State thereof
or the District of Columbia and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of the principal of and any premium and interest on
all the Securities and the performance or observance of every covenant of this Indenture on the part of the Company to be performed or observed; 
  
 (2) immediately after giving effect to such transaction, no Event of Default, and no event which, after notice or lapse of time, or both,
would become an Event of Default, shall have occurred and be continuing; and 
  
 (3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer or lease and, if a supplemental indenture is
required in connection with such transaction, such supplemental indenture comply with this Article and that all conditions precedent herein provided for relating to such transaction have been complied with. 
  
 Section 802.    
Successor Substituted. 
  
 Upon
any consolidation of the Company with, or merger of the Company into, any other Person or any conveyance, transfer or lease of the properties and assets of the Company substantially as an entirety in accordance with Section 801, the successor Person
formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the
same effect as if such successor Person had been named as the Company herein, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities.

  
 ARTICLE NINE 
  
 
SUPPLEMENTAL INDENTURES 
  
 Section 901.    
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, in form
satisfactory to the Trustee, for any of the following purposes: 
  

 53 

 (1) to evidence the succession of another Person to the Company and the assumption by any
such successor of the covenants of the Company herein and in the Securities; or 
  
 (2) to add to the covenants of the Company for the benefit of the Holders of all or any 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) or to surrender any right or power herein conferred upon the Company; or 
  
 (3) to add any additional Events of Default; or 

 
 (4) to add 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 uncertificated form; or 
  
 (5) to
add, 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 (i) shall neither (A) apply to any Security of any series created prior to the
execution of such supplemental indenture and entitled to the benefit of such provision nor (B) modify the rights of the Holder of any such Security with respect to such provision or (ii) shall become effective only when there is no such Security
Outstanding; or 
  
 (6) to secure the Securities
pursuant to the requirements of Section 1008 or otherwise; or 
  
 (7) to establish the form or terms of Securities of any series as permitted by Sections 201 and 301; 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 611(b); or

  
 (9) to cure any ambiguity, to correct or
supplement any provision herein which may be inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture, provided that such action pursuant to this clause (9) shall
not adversely affect the interests of the Holders of Securities of any series in any material respect. 
  

 54 

 
Section 902. Supplemental Indentures with Consent of Holders. 
  
 With the consent of the Holders of not less than a majority in principal amount of the Outstanding Securities of each series affected by such supplemental
indenture, 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 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 Outstanding Security affected thereby, 
  
 (1) change the Stated Maturity of the principal of, or any installment of principal of or interest on, any Security, or reduce the
principal amount thereof or the rate of interest thereon or any premium payable upon the redemption thereof, or reduce the amount of the principal of an Original Issue Discount Security that would be due and payable upon a declaration of
acceleration of the Maturity thereof pursuant to Section 502, or change any Place of Payment where, or the coin or currency in which, any Security or any premium or interest thereon is payable, or impair the right to institute suit for the
enforcement of any payment with respect to any Security 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 Outstanding Securities 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, Section 513 or Section 1011, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security
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 and Section 1011, or the
deletion of the proviso, in accordance with the requirements of Sections 611(b) and 901(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 
  

 55 

 particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the
substance thereof. 
  
 Section
903.    
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 Section 601) 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 or immunities under this Indenture or otherwise. 
  
 Section 904.    
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. 
  
 Section 905.    
Conformity with Trust Indenture Act. 
  
 Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect. 
  
 Section 906.    
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 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 Outstanding Securities of such series. 
  
 ARTICLE TEN 
  
 
COVENANTS 
  
 Section 1001.    
Payment of Principal, Premium and Interest. 
  

 56 

 The Company covenants and agrees for the benefit 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 1002.    
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 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. 
  
 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 1003.    
Money for Securities Payments to Be Held in Trust. 
  
 If the Company shall at any time act as its own Paying Agent with respect to any series of Securities, it 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. 
  
 Whenever the Company shall have one or more Paying Agents for any series of Securities, it will, 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 
  

 57 

 with the Trustee, subject to the provisions of this Section, that such Paying Agent will (a) comply with the provisions
of the Trust Indenture Act applicable to it as a Paying Agent and (b) 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 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 the earlier of ten Business Days prior to the date such funds would escheat to the State of California or two years after such
principal, premium or interest has become due and payable shall be paid to the Company on Company Request (including interest income accrued on such funds, if any), 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. 
  
 Section
1004.    
Statement by Officers as to Default. 
  
 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, stating whether or not to the best knowledge of the signers thereof 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 1005.    
Existence. 
  
 Subject to Article
Eight, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence, rights (charter and statutory) and franchises; provided, however, that the Company shall not be required to
preserve any such right or franchise if the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and that the loss thereof is not disadvantageous in any material
respect to the Holders. 
  

 58 

 Section 1006.    
Maintenance of Properties. 
  
 The
Company will cause all material properties used or useful in the conduct of its business or the business of any Subsidiary to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause
to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as (and to the extent) in the judgment of the Company may be necessary or appropriate in connection with its business; provided, however, that
nothing in this Section shall prevent the Company from discontinuing the operation or maintenance of any of such properties if such discontinuance is, in the judgment of the Company, desirable in the conduct of its business or the business of any
Subsidiary and not disadvantageous in any material respect to the Holders. 
  
 Section 1007.    
Payment of Taxes and Other Claims. 
  
 The Company will pay or discharge or cause to be paid or discharged, within 30 days after the Company shall have received notice that the same has become delinquent (1) all material taxes, assessments and governmental charges levied or
imposed upon the Company or any Subsidiary or upon the income, profits or property of the Company or any Subsidiary, and (2) all lawful claims for labor, materials and supplies which, if unpaid, might by law become a material lien upon the property
of the Company or any Subsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity, is being contested
in good faith by appropriate proceedings; provided, further, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim unless the failure to pay or discharge such tax,
assessment, charge or claim, would, individually or in the aggregate with all such failures, have a material adverse effect on the Company and its Subsidiaries taken as a whole. 
  
 Section 1008.    
Limitations on Liens. 
  
 (a)
Unless the terms of a particular series of Securities otherwise provide, so long as any Securities of such series remain outstanding, the Company will not, nor will it permit any Restricted Subsidiary to, issue, incur, create, assume or guarantee
any debt for borrowed money (hereinafter in this Article 10 referred to as “Debt”), secured by a mortgage, security interest, pledge, lien, charge or other encumbrance (mortgage, security interests, pledges, liens, charges and other
encumbrances being hereinafter in this Article 10, referred to as “mortgage” or “mortgages”) upon any Principal Property of the Company or any Restricted Subsidiary or upon any shares of stock or indebtedness of any Restricted
Subsidiary (whether such Principal Property, shares of stock or indebtedness are not existing or owed or hereafter created or acquired) without in any such case effectively providing concurrently with the issuance, incurrence, creation, assumption
or guaranty of any such Debt or the grant of a mortgage with respect to any such Debt that the Securities of such series Outstanding (together with, if the Company shall so determine, any other indebtedness of or guarantee by the Company or such
Restricted Subsidiary ranking equally with the 
  

 59 

 Securities of such series Outstanding and then existing or thereafter created) shall be secured equally and ratably with
(or, at the Company’s option, prior to) such Debt; provided, however, that the foregoing restrictions shall not apply to Debt secured by: 
  
 (1) mortgages on property, shares of stock or indebtedness or other assets of any corporation existing at the time such corporation
becomes a Restricted Subsidiary, provided that such mortgages or liens are not incurred in anticipation of such corporation becoming a Restricted Subsidiary; 
  

(2) mortgages on property, capital stock or indebtedness existing at the time of acquisition thereof by the Company or a Restricted
Subsidiary (which may include property previously leased by the Company and leasehold interests thereon; provided that the lease terminates prior to or upon the acquisition) or mortgages thereon to secure the payment of all or any part of the
purchase price thereof, or mortgages on property, capital stock or indebtedness to secure any debt incurred prior to, at the time of, or within 270 days after, the latest of the acquisition thereof, or, in the case of property, the completion of
construction, the completion of improvements or the commencement of substantial commercial operation of such property for the purpose of financing all or any part of the purchase price thereof, such construction or the making of such improvements;

  
 (3) mortgages securing Debt owing to the
Company or to a Restricted Subsidiary; 
  
 (4)
mortgages existing on the date of initial issuance of the Securities of such series; 
  
 (5) mortgages on property or other assets of a corporation existing at the time such corporation is merged into or consolidated with the
Company or a Restricted Subsidiary or at the time of a sale, lease or other disposition of the properties of a corporation as an entirety or substantially as an entirety to the Company or a Restricted Subsidiary, provided that such mortgage was not
incurred in anticipation of such merger or consolidation or sale, lease or other disposition; 
  
 (6) mortgages in favor of the United States of America or any State, territory or possession thereof (or the District of Columbia), or any
department, agency, instrumentality or political subdivision of the United States of America or any State, territory or possession thereof (or the District of Columbia), to secure partial, progress, advance or other payments pursuant to any contract
or statute or to secure any Debt incurred for the purpose of financing all or any part of the purchase price or the cost of construction or improvement of the property subject to such mortgages; 
  
 (7) mortgages created in connection with a project financed
with, and created to secure, a Nonrecourse Obligation; or 
  

 60 

 (8) any extension, renewal or replacement (or successive extensions, renewals or
replacements), in whole or in part, of any mortgage referred to in the foregoing clauses (1) to (7), inclusive, without increase of the principal of the Debt secured thereby; provided, however, that such extension, renewal or replacement shall be
limited to all or a part of the property which secured the mortgage extended, renewed or replaced (plus improvements on such property). 
  
 (b) Notwithstanding the foregoing provisions of this Section 1008, the Company and any one or more Restricted Subsidiaries may issue, incur, create,
assume or guarantee Debt secured by mortgages which would otherwise be subject to the foregoing restrictions (“Exempted Secured Debt”) in an aggregate amount which, together with all other outstanding Debt of the Company and its Restricted
Subsidiaries which (if originally issued, incurred, created, assumed or guaranteed at such time) would otherwise be subject to the foregoing restrictions (including Attributable Debt in respect of Sale and Lease-Backs as provided in Section 1009,
but not including Debt permitted to be secured under any of clauses (1) through (8) above or Attributable Debt with respect to a Sale and Lease-Back if Debt at least equal in amount to the Attributable Debt in respect of such Sale and Lease-Back
could have been issued, incurred, created, assumed or guaranteed by the Company or one or more Restricted Subsidiaries under any of clauses (1) through (8) above), does not at the time exceed the greater of $300,000,000 or 10% of Consolidated Net
Tangible Assets of the Company. 
  
 Section
1009.    
Limitations on Sale and Lease-Back Transactions. 
  
 (a) Unless the terms of a particular series of Securities otherwise provide, so long as any Securities of such series remain outstanding, the Company will not, nor will it permit any Restricted Subsidiary to, enter
into any direct or indirect arrangement with any person that provides for the leasing to the Company or any Restricted Subsidiary of any Principal Property (except for leases for a term of not more than three years and except for leases between the
Company and a Restricted Subsidiary or between Restricted Subsidiaries), which Principal Property has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such person (such arrangement herein in this Section 1009
referred to as a “Sale and Lease-Back”), unless: 
  
 (1) the Company or such Restricted Subsidiary would be entitled, pursuant to the provisions of Section 1008, to issue, incur, create, assume or guarantee Debt secured by a mortgage upon such property at least equal in
amount to the Attributable Debt in respect of such Sale and Lease-Back without equally and ratably securing the Securities of such series Outstanding; provided, however, that from and after the date on which such Sale and Lease-Back becomes
effective the Attributable Debt in respect of such Sale and Lease-Back shall be deemed for all purposes under Section 1008 and this Section 1009 to be Debt subject to the provisions of Section 1008 (including, without limitation, for purposes of
calculating Exempted Secured Debt as provided in Section 1008(b)); or 
  
 (2) within 180 days of the effective date of such Sale and Lease-Back, the 
  

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 Company shall apply an amount in cash equal to the greater of the net proceeds of the sale involved in such Sale and
Lease-Back or the Attributable Debt in respect of such Sale and Lease-Back to either (or a combination of) (i) the retirement (other than any mandatory retirement, mandatory prepayment or sinking fund payment or by way of payment at maturity), of
debt of the Company or any Restricted Subsidiary (other than Debt owed by the Company or any Restricted Subsidiary to the Company or any Restricted Subsidiary or Debt which is subordinate to Securities of such series Outstanding) which by its terms
matures at or is extendible or renewable at the option of the obligor to a date more than twelve months after the date of the creation of such Debt, or (ii) to the purchase, construction or development (or any combination thereof) of other
comparable property. 
  
 (b) For the purposes of this Section
1009, the term “Attributable Debt” with respect to a Sale and Lease-Back involving a Principal Property means, at the time of determination, the lesser of: 
  
 (1) the fair value of the property which is the subject of such Sale and Lease-Back (as determined in good
faith by the Board of Directors); or 
  
 (2) the
present value of the total net amount of rent required to be paid under such Sale and Lease-back during the remaining term thereof (including any renewal term or period for which such lease has been extended), discounted at the rate of interest set
forth or implicit in the terms of such Sale and Lease-back or, if not practicable to determine such rate, the weighted average interest rate per annum borne by the Debt Securities of each series outstanding pursuant to this Indenture compounded
semi-annually in either case as determined by the principle accounting officer of the Company. For purposes of this definition, rent shall not include amounts required to be paid by the lessee, whether or not designated as rent or additional rent,
on account of or contingent upon maintenance and repairs, insurance, taxes, assessments, water rates and similar charges. In the case of any lease which is terminable by the lessee upon the payment of a penalty, such net amount shall be the lesser
of the (i) net amount determined assuming termination upon the first date such lease may be terminated (in which case the net amount shall also include the amount of the penalty, but no rent shall be considered as required to be paid under such
lease subsequent to the first date upon which it may be so terminated) or (ii) the net amount determined assuming no such termination. 
  
 (c) Notwithstanding the foregoing provisions of this Section 1009, the Company and any one or more Restricted Subsidiaries may enter into an arrangement
that provides for the leasing to the Company or a Restricted Subsidiary of any Principal Property which would otherwise be subject to the foregoing restrictions without applying the net proceeds of such transactions in the manner set forth in clause
(b) above, provided that after giving effect thereto, the aggregate amount of such Sale and Lease-Back Transactions, together with the aggregate amount of all debt secured by mortgages not permitted by clauses (1) through (8) under the limitation in
the Indenture on 
  

 62 

 mortgages, does not exceed the greater of $300,000,000 or 10% of the Consolidated Net Tangible Assets of the Company.

  
 Section 1010.    
Waiver of Certain Covenants. 
  
 The Company may omit in any particular instance to comply with any term, provision or condition set forth in Sections 1008 and 1009 with respect to the Securities of any series if before the time for such compliance the Holders of not less
than a majority in principal amount of the Outstanding Securities 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 term, provision or
condition shall remain in full force and effect. 
  
 ARTICLE
ELEVEN 
  
 
REDEMPTION OF SECURITIES 
  
 Section 1101.    
Applicability of Article. 
  
 Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise specified as contemplated by Section 301 for Securities of any series) in accordance with
this Article. 
  
 Section
1102.    
Election to Redeem; Notice to Trustee. 
  
 The election of the Company to redeem any Securities shall be evidenced by a Board Resolution. In case of any redemption at the election of the Company of less than all the Securities of any series of the same tenor, the Company shall, at
least 60 days (45 days in the case of redemption of all Securities of any series or of any series of the same tenor) prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee
of such Redemption Date and 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 prior to the expiration of any restriction
on such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction. 
  
 Section 1103.    
Selection by Trustee of Securities to Be Redeemed. 
  
 If less than all the Securities of any series are to be redeemed (unless all of the Securities of such series and of a specified tenor are to be redeemed), the particular Securities to be redeemed shall be selected
not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series not previously called for redemption, as directed by the Company or if no direction is given, pro rata among the Stated Maturities of
such series and by lot within each Stated Maturity 
  

 63 

 and which selection may provide for the selection for redemption of portions (equal to the minimum authorized
denomination for Securities of that series or any integral multiple thereof) of the principal amount of Securities of such series of a denomination larger than the minimum authorized denomination for Securities of that series. If less than all of
the Securities of such series (and of a specified tenor are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series
(and specified tenor) not previously called for redemption in accordance with the preceding sentence. Unless otherwise provided in the terms of a particular series of Securities, the portions of the principal of Securities so selected for partial
redemption shall be equal to the minimum authorized denomination of the Securities of such series, or an integral multiple thereof, and the principal amount which remains denomination for Securities of such series. 
  
 The Trustee shall promptly notify the Company in writing of the Securities
selected for redemption and, in the case of any Securities selected for partial redemption, the principal amount thereof to be redeemed. 
  
 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 1104.    
Notice of Redemption. 
  
 Notice of
redemption shall be given by first-class mail, postage prepaid, mailed not less 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 his address appearing in the Security Register. 
  
 Any notice that is mailed to the Holder of any Securities in the manner herein provided shall be conclusively presumed to have been duly given, whether or not such Holder receives the notice. 
  
 All notices of redemption shall state: 
  
 (1) the Redemption Date, 
  
 (2) the Redemption Price and the amount of accrued interest,
if any, to be paid, 
  
 (3) if less than all the
Outstanding Securities of the Stated Maturity and of the same series are to be redeemed, the identification (and, in the case of partial redemption of any Securities, the principal amounts) of the particular Securities to be redeemed, 
  

 64 

 (4) in case any Security is to be redeemed in part only, the notice which relates to such
Security shall state 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 such Securities are to be
surrendered for payment of the Redemption Price, and 
  
 (7) that the redemption is for a sinking fund, if such is the case. 
  
 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 and shall
be irrevocable. 
  
 Section
1105.    
Deposit of Redemption Price. 
  
 On
or prior to 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 1003) 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 on, all the Securities which are to be redeemed on that date. 
  
 Section 1106.    
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) 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 to the Redemption Date; provided, however, that unless otherwise specified as contemplated by Section 301, 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 307. 
  
 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. 
  

 65 

 
Section 1107.    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 his 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 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. 
  
 ARTICLE TWELVE 
  
 
SINKING FUNDS 
  
 
Section 1201.    Applicability of Article. 
  
 The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of a series except as otherwise specified as contemplated by Section 301 for Securities of such series.

  
 The minimum amount of any sinking fund payment provided for by
the terms of Securities of any series 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 Securities of any series is herein referred to as an
“optional sinking fund payment.” The cash amount of any sinking fund payment may be subject to reduction as provided in Section 1202. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for
by the terms of Securities of such series. 
  
 
Section 1202.    Satisfaction of Sinking Fund Payments with Securities. 
  
 The Company (a) may deliver Outstanding Securities of a series (other than any previously called for redemption) and (b) 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 the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such Series; provided that such Securities have
not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption 
  

 66 

 Price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking
fund payment shall be reduced accordingly. 
  
 
Section 1203.    Redemption of Securities for Sinking Fund. 
  
 Not less than 60 days prior to each sinking fund payment date for any series of Securities, the Company will delivery to the Trustee an Officers’
Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of that series, 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 the crediting Securities of that series pursuant to Section 1202 and will also deliver to the Trustee any Securities to be so delivered. Not less than 30 days before 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 1103 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 1104. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 1106 and 1107. 
  
 ARTICLE THIRTEEN 
  
 
DEFEASANCE AND COVENANT DEFEASANCE 
  
 
Section 1301.    Company’s Option to Effect Defeasance or Covenant Defeasance. 
  
 Section 1302 and/or Section 1303 shall apply to the Outstanding Securities of any series to the extent specified as contemplated by Section 301 for
Securities of such series. 
  
 
Section 1302.    Defeasance and Discharge. 
  
 The Company shall be deemed to have been discharged from its obligations with respect to the Outstanding Securities of such series as provided in this
Section on and after the date the conditions set forth in Section 1304 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 the Outstanding Securities of such series and to have satisfied all of its other obligations under the Securities of such series and this Indenture insofar as the Securities of such series 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: (a) the rights of Holders of Securities of such series to
receive, solely from the trust fund described in Section 1304 and as more fully set forth in such Section, payments in respect of the principal of and any premium and interest on such Securities of such series when payments are due, (b) the
Company’s obligations with respect to the Securities of such series under Sections 304, 305, 306, 1002 and 1003, (c) the rights, powers, trusts, duties and 
  

 67 

 immunities of the Trustee here under and (d) this Article Thirteen. Subject to compliance with this Article Thirteen, the
Company may defease the Outstanding Securities of any series pursuant to this Section 1302 notwithstanding the prior Defeasance of the Outstanding Securities of such series pursuant to Section 1303. 
  
 
Section 1303.    Covenant Defeasance. 
  
 The Company shall be released from its obligations under Sections 1005 through 1010, inclusive, and the occurrence of any event specified in Sections 501(4), (with respect to any of Sections 1005 through 1010
inclusive, and 501(7) shall be deemed not to be or result in an Event of Default, in each case with respect to Outstanding Securities of any series as provided in this Section on and after the date the conditions set forth in Section 1304 are
satisfied (hereinafter called “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any
such Section (to the extent so specified in the case of Section 501(4)), whether directly or indirectly by reason of any reference elsewhere herein to any such Section or provision herein or in any other document, but the remainder of this Indenture
and the Securities of such series shall be unaffected thereby. 
  
 
Section 1304.    Conditions to Defeasance or Covenant Defeasance. 
  
 The following shall be the conditions to Defeasance pursuant to Section 1302 or Covenant Defeasance pursuant to Section 1303 to the Outstanding Securities
of any series: 
  
 (1) The Company shall
irrevocably have deposited or caused to be deposited with the Trustee (or another trustee that satisfies the requirements contemplated by Section 609 and agrees to comply with the provisions of this Article Thirteen 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 benefit of the Holders of Outstanding Securities of such series, (A) money in an amount, or (B) U.S. Government Obligations
that through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment, money in an amount, or (C) a combination thereof, 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 each installment of principal (including mandatory sinking fund payments) of, and premium (not relating to optional redemption), if any, and interest on, the Outstanding Securities of such series on the dates
such installments of principal of, and premium (not relating to optional redemption), if any, or interest are due. 
  
 (2) In the case of Defeasance under Section 1302, 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 
  

 68 

 
date first set forth hereinabove, 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 Holders of the Outstanding Securities of such series 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 the
Securities of such series 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) In the case of Covenant Defeasance under Section 1303,
the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of the Outstanding Securities of such series will not recognize income, gain or loss for Federal income tax purposes as a result of the deposit and
Covenant Defeasance to be effected with respect to the Securities of such series 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. 
  
 (4) The Company shall have
delivered to the Trustee an Officer’s Certificate to the effect that the Securities of such series, if then listed on any securities exchange, will not be delisted as a result of such deposit. 
  
 (5) No Event of Default or event that (after notice or lapse
of time or both) would become an Event of Default shall have occurred and be continuing at the time of such deposit or, with regard to any Event of Default or any such event specified in Sections 501(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, any other
agreement or instrument to which the Company is a party or by which it is bound. 
  
 (8) The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent provided with respect to such Defeasance or Covenant Defeasance have been complied with. 
  
 (9) 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 of 1940, as amended, unless such trust shall be qualified under such Act or exempt from regulation thereunder. 
  

 69 

 (11) Such deposit pursuant to such Defeasance or Covenant Defeasance will 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. 
  
 Section 1305.    
Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions. 
  
 Subject to the provisions of the last paragraph of Section 1003, all money and U.S. Government Obligations (including the proceeds thereof) deposited with
the Trustee or other qualifying trustee (solely for purposes of this Section and Section 1306, the Trustee and such other trustee are referred to collectively as the “Trustee”) pursuant to Section 1304 in respect of the Securities of any
Defeasible Series shall be held in trust and applied by the Trustee, in accordance with the provisions of the Securities of such series 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 such series, 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 deposited pursuant to Section 1304 or the principal and interest received in respect thereof
other than any such tax, fee or other charge that by law is for the account of the Holders of the Outstanding Securities. 
  
 Anything in this Article Thirteen to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request
any money or U.S. Government Obligations held by it as provided in Section 1304 which with respect to Securities of any Defeasible Series that, 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 that would then be required to be deposited to effect an equivalent Defeasance or Covenant Defeasance with respect to the Securities of such series. 
  
 Section 1306.    
Reinstatement. 
  
 If the Trustee
or the Paying Agent is unable to apply any money in accordance with this Article Thirteen with respect to the Securities of any series by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise
prohibiting such application, then the Company’s obligations under this Indenture and the Securities of such series shall be revived and reinstated as though no deposit had occurred pursuant to this Article Thirteen with respect to Securities
of such series until such time as the Trustee or Paying Agent is permitted to apply all money held in trust pursuant to Section 1305 with respect to Securities of such series in accordance with this Article Thirteen; provided, however, that if the
Company makes any payment of principal of or any premium or interest on any Security of such series following the reinstatement 
  

 70 

 of its obligations, the Company shall be subrogated to the rights of the Holders of Securities of such series to receive
such payment from the money so held in trust. 
  
 ARTICLE
FOURTEEN 
  
 
REPAYMENT AT OPTION OF SECURITY HOLDERS 
  
 Section 1401.    
Applicability of Article. 
  
 Securities of any series which are repayable at the option of the Holders thereof before their Stated Maturity shall be repaid in accordance with their terms and (except as otherwise contemplated by Section 301 for Securities of such
series) in accordance with this Article. 
  
 Section 1402.    
Repayment of Securities. 
  
 Each Security which is subject to repayment in whole or in part at the option of the Holder thereof on a Repayment Date shall be repaid at the applicable Repayment Price together with interest accrued to such Repayment Date as specified
pursuant to Section 301. 
  
 Section
1403.    
Exercise of Option; Notice. 
  
 Each Holder desiring to exercise his option for repayment shall, as conditions to such repayment surrender the Security to be repaid together with all coupons, if any, appertaining thereto maturing after the Repayment Date and with written
notice of the exercise of such option at any office or agency of the Company in a Place of Payment, not less than 15 nor more than 30 days prior to the Repayment Date. Such notice, which shall be irrevocable, shall identify the Security to be repaid
and shall specify the principal amount of such Security to be repaid, which shall be not less than the minimum authorized denomination for such Security or an integral multiple thereof and, in the case of a partial repayment of the Security, the
denomination or denominations of the Security or Securities with Equivalent Principal Terms to be issued to the Holder for the portion of the principal of the Security surrendered which is not to be repaid. 
  
 Any Security which is to be repaid 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 his 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 with Equivalent Principal Terms, 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. 
  

 71 

 For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the
repayment of Securities shall relate, in the case of any Security repaid or to be repaid only in part, to the portion of the principal of such Security which has been or is to be repaid. 
  
 Section 1404.    
Securities Payable on the Repayment Date. 
  
 Notice of exercise of the option of repayment having been given and the Securities so to be repaid having been surrendered as aforesaid, such Securities shall, on the Repayment Date, become due and payable at the
Repayment Price therein specified and from and after such date (unless the Company shall default in the payment of Repayment Price and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such Security for repayment
in accordance with Section 1403, such Security shall be paid by the Company at the Repayment Price, together with accrued interest to the Repayment Date; provided, however, that, installments of interest on Securities whose Stated Maturity is on or
prior to the Repayment Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, required as such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 307.

  
 If any Security duly surrendered for repayment shall not be
paid, the principal and any premium shall, until paid, bear interest from the Repayment Date at the rate prescribed therefor in the Security.              
  
 This instrument may be executed in any number of counterparts, each of which
so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 
  
 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and their respective corporate seals to be hereunto affixed and
attested, all as of the day and year first above written. 
  
 ORACLE CORPORATION 
  
 By    /s/ Bruce Lange 
 Vice President and Treasurer 
  
 Attest: 
  
 /s/     L. Patricia Moncada 
 Assistant Secretary 
  
 STATE STREET BANK AND TRUST COMPANY OF CALIFORNIA, N.A. 
  
 By    /s/ Jeannie Mar 
 Authorized Officer 
  

 72

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00053-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00053-of-00352.parquet"}]]