Document:

EX-10.10

 Exhibit 10.10 

AMENDMENT TO AMENDED AND RESTATED 

MASTER LEASE AGREEMENT 

THIS AMENDMENT TO AMENDED AND RESTATED MASTER LEASE AGREEMENT (this “Amendment”) is made and entered into as of
January 16, 2018 (the “Effective Date”) by and among SPIRIT SPE PORTFOLIO 2006-1, LLC, a Delaware limited liability company and SPIRIT SPE PORTFOLIO 2006-2, LLC, a Delaware limited liability company (collectively, “Landlord”), and SHOPKO STORES OPERATING CO., LLC, a Delaware limited liability company (“Tenant”). 

WHEREAS, Landlord and Tenant entered into that certain Amended and Restated Master Lease dated as of December 15, 2014 (as amended,
restated, replaced, supplemented or otherwise modified from time to time, collectively, the “Lease”), with respect to the real property and improvements more particularly described in the Lease. Terms not defined in this Amendment
have the meanings given to them in the Lease. 
 WHEREAS, Landlord and Tenant desire to modify the Lease to reflect their agreement
regarding the Tenant’s financial reporting and financial disclosure covenants, assignment and subletting provisions and certain other provisions, each pursuant to the terms and conditions set forth herein. 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Landlord and Tenant agree as follows: 
 1. Assignment. 

(a) The first sentence of Section 12.01(a) of the Lease is hereby deleted in its entirety and replaced with the
following: 
 “Subject to Section 12.07 below, (i) Tenant shall have the right to assign or transfer this
Lease, in whole but not in part, or any interest hereunder, without Landlord’s consent or approval and (ii) Tenant shall have the right to assign or transfer this Lease, in part, upon the express written consent of Landlord, to be given in
its sole discretion, so long as, with respect to any assignment under clause (i) and (ii), Tenant shall remain liable under this Lease and any separate lease entered into by and between Landlord and Tenant in connection with any such assignment
or transfer.” 
 (b) Section 12.01(b) of the Lease is hereby modified by deleting the phrase “as to that Property Location
assigned” and replacing it with “as to any assignment or transfer of this Lease in whole”. 
 2. Subletting and Non-Disturbance. Section 12.03 of the Lease is hereby modified to delete the word “and” at the end of subsection (e) thereof and to add the following new subsections
after subsection (f) thereof: 

 “(g) the sublease is for not less than 30,000 rentable square feet of Building space,
(h) regardless of the size of the subleased space, portions of the remaining Premises have free and unrestricted access to common areas and facilities, such as loading docks, trash/recycling facilities, restrooms and proportionate storefront
visibility and (i) any such sublease does not cause a violation of any applicable Laws, Legal Requirements, REAs or Overleases or cause a violation of any restrictive covenants affecting the Premises” 

3. Assignment by Landlord; SpinCo Transaction. The following shall be added as a new Section 12.04(c): 

“As a material inducement to Landlord’s willingness to complete Transaction, in connection with the
spin-off by Spirit Realty Capital, Inc. or any successor entity of certain of its or their assets to its or their stockholders, including potentially Landlord, the Premises, any Property Location or
Landlord’s right, title and interest in the Lease and any related rights, in whole or in part (the “SpinCo Transaction”), Tenant hereby agrees that Landlord may, from time to time and at any time and without the consent of
Tenant, engage in all or any combination of the following, or enter into agreements in connection with any of the following or in accordance with requirements that may be imposed by applicable securities, tax or other Laws: the sale, assignment,
grant, conveyance, transfer, financing, refinancing, purchase or re-acquisition in whole or in part, of Landlord, the Premises, any Property Location, or this Lease, Landlord’s right, title and interest
in this Lease, the servicing rights with respect to any of the foregoing, or participations in any of the foregoing. In the event of any such SpinCo Transaction, Tenant shall attorn to such transferee, purchaser or assignee without any further
action on the part of Landlord or any such transferee. Transferee, purchaser or assignee, and Tenant hereby expressly acknowledges and agrees to any such SpinCo Transaction. At the request of Landlord, Tenant will execute such documents confirming
any such SpinCo Transaction and such other agreements as Landlord may reasonably request, and provided that the same do not increase the liabilities and obligations, or decrease the rights, of Tenant hereunder, Landlord shall not be obligated to
reimburse Tenant for Tenant’s costs and expenses incurred by Tenant related to the execution and delivery of documents in connection with any such SpinCo Transaction contemplated by this Section 12.04(c). To the extent
Landlord transfers, conveys or assigns its interest in the Lease, Landlord shall be relieved, from and after the date of such transfer, conveyance or assignment, of liability for the performance of any obligation of Landlord contained herein, except
for any obligations or liabilities accrued prior to the date of such transfer, conveyance or assignment.” 
 4. Financial Statements. The
following modifications shall be made to Section 31.17 of the Lease: 
 (a)
Section 31.17(a) is hereby deleted in its entirety and replaced with the following: 
 “Tenant shall deliver,
or subject to Section 31.17(g), cause Specialty Retail Shops Holding Corp. (“SRSHC”) to deliver to Landlord the following financial statements: 

(i) (A) within forty-five (45) days after the end of each fiscal quarter of Tenant if Landlord and its affiliates are not and will not be an accelerated
filer or a large accelerated filer as of the relevant filing date of Landlord or its affiliates or (B) within forty (40) days after the end of each fiscal 

 quarter of Tenant at any time the time Landlord or its affiliates is or will be an accelerated filer or a large
accelerated filer as of the relevant filing date of Landlord or its affiliates (but not earlier than March 31, 2019), the interim unaudited (x) consolidated balance sheet, statement of operations, statement of stockholders’ equity and
statement of cash flows and all other related schedules and notes for the fiscal period then ended of Tenant or, subject to Section 31.17(g), SRSHC (the “Tenant or SRSHC Unaudited Reporting Financials”);
(y) such other financial information reasonably requested by Landlord or its affiliates (including Spirit Realty Capital, Inc., or, in conjunction with a SpinCo Transaction or following a SpinCo Transaction, such to-be-spun-off or spun-off entity) to the extent required for Landlord or its affiliates (including Spirit Realty Capital, Inc., or, in conjunction with a SpinCo
Transaction or following a SpinCo Transaction, such to-be-spun-off or spun-off entity) to
satisfy its or their filing obligations under the rules and regulations of the SEC; and (z) income and expense statements for the business at each of the Property Locations in the form attached hereto as Exhibit J (such information to be
subject to the confidentiality and non-disclosure provisions set forth in Section 31.17(c)); and 

(ii) (A) within ninety (90) days after the end of each fiscal year end of Tenant if Landlord and its affiliates are not and will not be an accelerated
filer or a large accelerated filer as of the relevant filing date of Landlord or its affiliates, (B) within seventy-five (75) days after the end of each fiscal year end of Tenant at any time the time Landlord or its affiliates is or will
be an accelerated filer as of the relevant filing date of Landlord or its affiliates (but not earlier than December 31, 2018) or (C) within sixty (60) days after the end of each fiscal year end of Tenant at any time the time Landlord
or its affiliates is or will be a large accelerated filer as of the relevant filing date of Landlord or its affiliates (but not earlier than December 31, 2018), the (x) consolidated balance sheet, statement of operations, statement of
stockholders’ equity and statement of cash flows and all other related schedules and notes for the fiscal period then ended of Tenant or, subject to Section 31.17(g), SRSHC (the “Tenant or SRSHC Audited
Reporting Financials” and together with the Tenant or SRSHC Unaudited Reporting Financials, the “Tenant or SRSHC Reporting Financials”); (y) such other financial information reasonably requested by Landlord or its
affiliates (including Spirit Realty Capital, Inc., or, in conjunction with a SpinCo Transaction or following a SpinCo Transaction, such
to-be-spun-off or spun-off entity) to the extent required for Landlord or its affiliates
(including Spirit Realty Capital, Inc., or, in conjunction with a SpinCo Transaction or following a SpinCo Transaction, such
to-be-spun-off or spun-off entity) to satisfy its or their filing obligations under the
rules and regulations of the SEC; and (z) income and expense statements for the business at each of the Property Locations in the form attached hereto as Exhibit J (such information to be subject to the confidentiality and non-disclosure
provisions set forth in Section 31.17(c)); and 
 (iii) Tenant shall deliver to Landlord, within the time periods set forth in the
preceding clauses (i) or (ii), as notified by written request from Landlord to Tenant, such other financial information reasonably requested by Landlord or its affiliates (including Spirit Realty Capital, Inc., or, in conjunction with a SpinCo
Transaction or following a SpinCo Transaction, such to-be-spun-off or spun-off entity) to
the extent required for Landlord or an affiliate (including Spirit Realty Capital, Inc., or, in conjunction with a SpinCo Transaction or following a SpinCo Transaction, such to-be-spun-off or spun-off entity) to satisfy its or their filing obligations under the rules and regulations of the SEC, including but not limited to one-time or ongoing SEC reporting obligations resulting from the disposition, distribution or divestiture by Landlord or its affiliates (including Spirit Realty Capital, Inc., or, in conjunction with a SpinCo
Transaction or following a SpinCo Transaction, such to-be-spun-off or spun-off entity) of
all or any Property Location into a separate entity whereby such entity is required to produce SEC complaint financial reports.” 

 (b) Section 31.17(b) is hereby deleted in its entirety and replaced
with the following: 
 “All financial statements to be provided hereunder shall be prepared in accordance with GAAP and with Regulation S-X promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). In the event of changes after the Effective Date in the rules and regulations of the SEC applicable to
Tenant’s obligations hereunder, Landlord will reasonably cooperate with Tenant to the extent Tenant wishes to appeal or otherwise seek exemptive relief from such requirements from the SEC, subject to Landlord’s obligation to timely file
the applicable financial information.” 
 (c) Section 31.17(c) is hereby deleted in its entirety and replaced
with the following: 
 “Landlord agrees to treat as confidential, and to not disclose without Tenant’s written consent, all income
and expense statements for the business at each specific Property Location and any other information specific to a Property Location including, but not limited to, the reports generated by Tenant under Section 31.17(f)
(collectively, the “Confidential Information”), provided, however, that Confidential Information does not include information which (i) is already known to Landlord prior to receipt as evidenced by prior documentation thereof
or has been independently developed by Landlord on a non-confidential basis; (ii) is or becomes generally available to the public other than as a result of an improper disclosure by Landlord or its
representatives; (iii) becomes available to Landlord on a non-confidential basis from a source other than Tenant or any of its representatives, provided that such source is not, to Landlord’s
knowledge, bound by a confidentiality agreement with or other contractual, legal or fiduciary obligation of confidentiality to Tenant with respect to such information; (iv) is disclosed pursuant to a requirement of a court, administrative
agency or other regulatory or governmental body or is disclosed pursuant to applicable law, rule or regulation, or (v) is required to be disclosed by Landlord or its affiliates (including Spirit Realty Capital, Inc., or, in conjunction with a
SpinCo Transaction or following a SpinCo Transaction, such to-be-spun-off or spun-off
entity) pursuant to its or their SEC reporting obligations. Notwithstanding the foregoing, Landlord may, without the written consent of Tenant, disclose any Confidential Information to any potential buyer, assignee, or other counterparty of
Landlord, or Landlord’s actual or potential financing sources, in each case in connection with any transaction contemplated by Section 12.04 (collectively, “Landlord Counterparties”) or a Mortgagee or
trustee in connection with a securitization or a rating agency involved with respect to such securitization (“Securitization Parties”, collectively with Landlord Counterparties, the “Disclosure Parties”) and the
Securitization Parties may further disclose the Confidential Information solely to B-piece buyers in connection with the securitization or an institutional investor that typically invests in securitizations of
this type and size (“Other Parties”) to the extent the Securitization Parties customarily disclose the same to the Other Parties in connection with the securitization and to the extent requested by the Other Parties; provided that
(A) the Securitization Parties and the Other Parties are advised that the Confidential Information is confidential, and (B) the Confidential Information may not be placed in any prospectus, or other securities offering material or other written
materials by Landlord, or any Mortgagee, trustee or 

 rating agency or any Affiliated Party. In addition, any Disclosure Parties and the Other Parties (other than the
rating agencies and potential financing sources which are not required to execute a Confidentiality Agreement but may only disclose information to parties that have executed a Confidentiality Agreement) shall execute a confidentiality agreement
substantially in the form attached hereto as Schedule 31.17(c), or such other form as reasonably agreed upon by Tenant, Landlord, the Disclosure Parties, and/or the Other Parties (the “Confidentiality Agreement”) in
connection with the disclosure of Confidential Information hereunder; provided, however, that any Landlord Counterparty may disclose such Confidential Information to its actual or potential financing sources that are informed by such Landlord
Counterparty of the confidential nature of the Confidential Information and that agree to be bound by the terms of the Confidentiality Agreement. Notwithstanding anything to the contrary contained in this Section, (a) in no event shall any
Confidential Information be disclosed to any retailers, and (b) Landlord and Tenant understand and agree that the Disclosure Parties may disclose aggregate, portfolio level financial information regarding Tenant and the Properties as a whole.
Notwithstanding anything to the contrary in this Lease or other agreement, Landlord and its affiliates (including Spirit Realty Capital, Inc., or, in conjunction with a SpinCo Transaction or following a SpinCo Transaction, such to-be-spun-off or spun-off entity) may disclose all financial statements provided under this
Lease, including, without limitation, the Confidential Information (i) to Spirit Realty Capital, Inc. and to each of Landlord’s and Spirit Realty Capital Inc.’s affiliates, subsidiaries, representatives, partners, members, officers,
employees, agents, lenders, consultants, attorneys, auditors, accountants and other advisors, (ii) where such disclosure is required by a requirement of a court, administrative agency or other regulatory or governmental body or pursuant to an
applicable law, rule or regulation and (iii) to any potential buyer, assignee, or other counterparty of Landlord, or Landlord’s actual or potential financing sources.” 

(d) Section 31.17(e) is hereby deleted in its entirety and replaced with the following: 

“Tenant agrees that the Tenant or SRSHC Audited Reporting Financials shall be audited by, and the Tenant or SRSHC Unaudited Reporting
Financials shall be reviewed by, a nationally recognized accounting firm. Furthermore, Tenant shall use reasonable best efforts to cause its or SRSHC’s accountants to deliver their consent in a timely manner to the inclusion of their audit
opinion or other reports in any regulatory reports filed as part of Landlord’s or its affiliates’ (including Spirit Realty Capital, Inc’s. or in conjunction with a SpinCo Transaction or following a SpinCo Transaction, such to-be-spun-off or spun-off entity’s) SEC reporting obligations. Tenant shall also use
reasonable best efforts to cause its or SRSHC’s accountants to provide so-called “comfort letters” when reasonably requested by Landlord or its affiliates (including Spirit Realty Capital, Inc.,
or, in conjunction with a SpinCo Transaction or following a SpinCo Transaction, such to-be-spun-off or spun-off entity). Notwithstanding the foregoing, Tenant’s or SRSHC’s accountants’ failure or refusal to so consent or to provide so-called “comfort
letters” shall not in and of itself constitute a Default under this Lease. Tenant shall (and shall cause SRSHC to) cooperate with their respective Landlord and shall provide any reasonably required management representation letters or other
information to their respective accountants.” 

 (e) Section 31.17(g) is hereby deleted in its entirety and replaced
with the following: 
 “Notwithstanding any other provision contained in this Section 31.17, from and after
the earlier of (i) the date when the Guaranty is no longer in full force or effect, and (ii) the date that the SEC first requires the inclusion of Tenant’s financial statements (rather than the consolidated financial statements of
SRSHC) in the SEC reports of Landlord or its affiliates (including Spirit Realty Capital, Inc., or, in conjunction with a SpinCo Transaction or following a SpinCo Transaction, such to-be-spun-off or spun-off entity), Tenant shall be obligated to deliver financial statements (of the type and having the characteristics described herein) of
Tenant, in lieu of causing SRSHC to deliver such financial statements of SRSHC.” 
 (f) The following shall be added as new
Section 31.17(h) of the Lease: 
 “Notwithstanding anything contained herein to the contrary, Landlord and its
affiliates (including Spirit Realty Capital, Inc., or, in conjunction with a SpinCo Transaction or following a SpinCo Transaction, such
to-be-spun-off or spun-off entity) shall be permitted to (1) include any and all
information provided by Tenant hereunder as part of its or their filings and reporting obligations under the rules and regulations of the SEC to the extent required to comply with its or their SEC reporting obligations and (2) shall be
permitted to share any and all information provided by Tenant hereunder with Landlord’s affiliates (including, without limitation, Spirit Realty Capital, Inc., or, in conjunction with a SpinCo Transaction or following a SpinCo Transaction, such
to-be-spun-off or spun-off entity), members, officers, directors, shareholders,
employees, beneficiaries, trustees, agents, representatives, attorneys, lenders, and accountants.” 
 5. Sale Restriction. The following
modifications shall be made in connection with Section 12.04 of the Lease: 
 (a) Section 12.04(b) of the
Lease is hereby modified by deleting the sentence: 
 “Notwithstanding anything to the contrary contained in this Lease, Landlord agrees that it shall
not (y) effectuate any Landlord Assignment Transaction (or such other sale, assignment, transfer or otherwise of any Property Location or portion thereof by Landlord) hereunder prior to June 1, 2021 that would cause as of the date of the
consummation of such Landlord Assignment Transaction (or such other sale, assignment, or transfer) Base Rent under this Lease to be reduced below $20,000,000, or (z) assign, sell, or otherwise transfer any Property Location that contains any
outlots as set forth on Schedule 12.04(b)”. 
 (b) Schedule 12.04(b) of the Lease is hereby deleted in its entirety. 

6. Rent Payment Date. Section 2.01 is hereby modified by deleting the phrase “on the first (1st) day of each calendar
month” and replacing it with “on the fifteenth (15th) day of each calendar month”. 
 7. Rent Deferral. The following shall be added
as a new Article 34 of the Lease: 
 “34.01 Provided the below listed conditions are satisfied, Tenant shall, at its option, have
the one time right, upon at least sixty (60) days written notice to Landlord (the “Deferral Notice”), to defer payment of the Monthly Base Rent (the “Deferred Rent”) for up to three (3) individual 

 months; provided, however, that if Tenant shall defer Monthly Base Rent for more than one (1) month, such
months shall not be consecutive. Interest at the rate of eleven percent (11%) per annum shall accrue on the Deferred Rent from and after the commencement of the rent deferral period, and such interest, together with the Deferred Rent, shall be due
and payable on the date which immediately precedes the first anniversary of the commencement of the rent deferral period. The repayment of the Deferred Rent, together with the interest as stated above, shall be secured by a second priority lien
(subject to liens, claims or encumbrances permitted by Section 9.8 of the ABL Facility (as in effect on the date hereof) on the interests of Tenant in its assets, which are subject to a first priority liens for a loan made by Wells Fargo Bank,
National Association, as agent, and lenders (collectively, “Tenant’s Lenders”), pursuant to an asset based credit facility, dated as of February 7, 2012, as amended, supplemented, modified, renewed or extended from time to
time) made by and between Tenant and Tenant’s Lenders (the “ABL Facility”). The Deferral Notice shall contain the following: (i) the date on which such deferral will commence and (ii) a list of the months, with a maximum
of three (3) individual months, that Tenant will defer paying Monthly Base Rent. Tenant shall have the right to defer Monthly Base Rent as set forth above provided the following conditions are satisfied: 

(a) Tenant shall have granted to Landlord a perfected second priority security interest in the Collateral (as defined in the ABL Facility),
which security interest shall not be junior to any other liens, claims or encumbrances except (1) the first priority security interest in favor of ABL Facility and (2) liens, claims or encumbrances permitted by Section 9.8 of the ABL
Facility (as in effect on the date hereof); 
 (b) The execution and delivery of a security agreement and an intercreditor agreement (and,
for the avoidance of doubt, no other security or collateral documents), in each case, shall be, in form and substance, reasonably satisfactory to Landlord,; and 

(c) Tenant shall not have, or be subject to, any contractual restrictions or limitations which prevent its ability to repay the Deferred Rent
in accordance with this Article 34. 
 8. Form of Landlord Assignment Lease Agreement. Exhibit K of the Lease is hereby deleted in its
entirety and replaced with Exhibit A attached hereto. 
 9. Ratification. Except as expressly stated herein, the Lease shall remain in full
force and effect. If there is a conflict between the Lease and the terms of this Amendment, the terms of this Amendment shall control. 
 10.
Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original. The delivery of an executed copy of this Amendment by facsimile or electronic mail transmissions shall have the same force
and effect as the delivery of the original, signed copy of this Amendment. 
 [Signatures appear on following page(s)] 

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

							
	LANDLORD:
	
	 SPIRIT SPE PORTFOLIO 2006-1, LLC,

a Delaware limited liability company

		
	By:	 	 Spirit SPE Manager, LLC,
 a Delaware
limited liability company, its Manager

			
		 	By:	 	 /s/ Jay Young

		 		 	Name:	 	Jay Young
		 		 	Title:	 	Manager
	
	 SPIRIT SPE PORTFOLIO 2006-2, LLC,

a Delaware limited liability company

		
	By:	 	 Spirit SPE Manager, LLC,
 a Delaware
limited liability company, its Manager

			
		 	By:	 	 /s/ Jay Young

		 		 	Name:	 	Jay Young
		 		 	Title:	 	Manager

 [Signatures Continue On Following Page] 

 
			
	TENANT:
	
	 SHOPKO STORES OPERATING CO., LLC,

a Delaware limited liability company

		
	By:	 	 /s/ Russell Steinhorst

		 	Name: Russell Steinhorst
	 	Title: CEO

 [Signature Page to Amendment to Amended and Restated Master Lease Agreement (Shopko)] 

 LEASE 1 

between 

[                     ], 

Landlord, 
 and 

SHOPKO STORES OPERATING CO., LLC, 

Tenant, 
 Dated:
[                    ], 20[     
  

 

	1 	Intended for use for lease of one property. If breakout lease is converted to a master lease then add alternate provisions in accordance with footnotes herein. 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE 1. GRANT AND TERM
	  	 	1	 
			
	 1.01
	 	Grant of Lease	  	 	1	 
	 1.02
	 	Term of Lease	  	 	1	 
	 1.03
	 	Extension Options	  	 	2	 
	 1.04
	 	Intentionally Omitted	  	 	2	 
	 1.05
	 	Lease Year Defined	  	 	2	 
		
	 ARTICLE 2. RENT
	  	 	2	 
			
	 2.01
	 	Base Rent	  	 	2	 
	 2.02
	 	Manner of Payment	  	 	3	 
	 2.03
	 	Net Lease	  	 	3	 
		
	 ARTICLE 3. IMPOSITIONS
	  	 	3	 
			
	 3.01
	 	Tenant to Pay Impositions	  	 	3	 
	 3.02
	 	Receipt of Payment	  	 	4	 
	 3.03
	 	Exclusions	  	 	5	 
	 3.04
	 	Contest	  	 	5	 
	 3.05
	 	Reduction of Assessed Valuation	  	 	6	 
	 3.06
	 	Joinder of Landlord	  	 	6	 
		
	 ARTICLE 4. USE; COMPLIANCE
	  	 	6	 
			
	 4.01
	 	Use	  	 	6	 
	 4.02
	 	Compliance	  	 	6	 
		
	 ARTICLE 5. UTILITIES
	  	 	8	 
			
	 5.01
	 	Payment for Utilities	  	 	8	 
	 5.02
	 	Utilities	  	 	8	 
		
	 ARTICLE 6. INSURANCE
	  	 	8	 
			
	 6.01
	 	Tenant’s Insurance	  	 	8	 
	 6.02
	 	Blanket Policy	  	 	13	 
		
	 ARTICLE 7. RETURN OF PREMISES
	  	 	13	 
			
	 7.01
	 	Surrender of Possession	  	 	13	 
	 7.02
	 	Trade Fixtures and Personal Property	  	 	13	 
	 7.03
	 	Survival	  	 	14	 
		
	 ARTICLE 8. HOLDING OVER
	  	 	14	 
		
	 ARTICLE 9. CONDITION AND CARE OF PREMISES
	  	 	14	 
			
	 9.01
	 	As-Is Condition	  	 	14	 

  
 i 

							
	 9.02
	 	Tenant’s Obligations	  	 	14	 
	 9.03
	 	Landlord Not Obligated	  	 	15	 
	 9.04
	 	Compliance with REA(s)	  	 	15	 
	 9.05
	 	Intentionally Omitted	  	 	16	 
	 9.06
	 	Warranties	  	 	16	 
		
	 ARTICLE 10. RIGHTS RESERVED TO LANDLORD
	  	 	17	 
		
	 ARTICLE 11. ALTERATIONS
	  	 	17	 
			
	 11.01
	 	Alterations	  	 	17	 
		
	 ARTICLE 12. ASSIGNMENT AND SUBLETTING
	  	 	18	 
			
	 12.01
	 	Assignment	  	 	18	 
	 12.02
	 	Change of Control	  	 	19	 
	 12.03
	 	Subletting and Non-Disturbance	  	 	20	 
	 12.04
	 	Assignment by Landlord	  	 	21	 
	 12.05
	 	Intentionally Omitted	  	 	24	 
	 12.06
	 	Concessionaires	  	 	24	 
	 12.07
	 	[Limits on Assignment, Subletting and Substitution	  	 	24	 
		
	 ARTICLE 13. WAIVER OF CERTAIN CLAIMS; INDEMNITY BY TENANT
	  	 	25	 
			
	 13.01
	 	Waiver of Certain Claims	  	 	25	 
	 13.02
	 	Tenant Responsible for Personal Property	  	 	25	 
	 13.03
	 	Indemnification	  	 	26	 
		
	 ARTICLE 14. USE OF CASUALTY INSURANCE PROCEEDS
	  	 	27	 
			
	 14.01
	 	Tenant’s Obligation to Restore	  	 	27	 
	 14.02
	 	No Abatement of Rent	  	 	28	 
	 14.03
	 	Right to Terminate	  	 	29	 
	 14.04
	 	Intentionally Omitted	  	 	29	 
		
	 ARTICLE 15. EMINENT DOMAIN
	  	 	29	 
			
	 15.01
	 	Taking: Lease to Terminate	  	 	29	 
	 15.02
	 	Taking: Lease to Continue	  	 	29	 
	 15.03
	 	No Abatement of Rent	  	 	31	 
	 15.04
	 	Tenant’s Claim for Reimbursement	  	 	31	 
		
	 ARTICLE 16. DEFAULT
	  	 	31	 
			
	 16.01
	 	Events of Default	  	 	31	 
	 16.02
	 	Rights and Remedies of Landlord	  	 	32	 
	 16.03
	 	Final Damages	  	 	35	 
	 16.04
	 	Removal of Personal Property	  	 	35	 
	 16.05
	 	Landlord’s Default	  	 	35	 
	 16.06
	 	Attorneys’ Fees	  	 	35	 
	 16.07
	 	Tenant Waiver	  	 	36	 

  
 ii 

							
		
	 ARTICLE 17. SUBORDINATION; LEASEHOLD MORTGAGE
	  	 	36	 
			
	 17.01
	 	Subordination	  	 	36	 
	 17.02
	 	Liability of Mortgagee; Attornment	  	 	36	 
	 17.03
	 	Tenant Leasehold Mortgage	  	 	37	 
		
	 ARTICLE 18. MORTGAGEE PROTECTION
	  	 	40	 
		
	 ARTICLE 19. ESTOPPEL CERTIFICATE
	  	 	40	 
		
	 ARTICLE 20. REPRESENTATIONS AND WARRANTIES OF TENANT
	  	 	41	 
			
	 20.01
	 	Organization, Authority and Status of Tenant	  	 	41	 
	 20.02
	 	Enforceability	  	 	41	 
	 20.03
	 	Intentionally Omitted	  			
	 20.04
	 	Intentionally Omitted	  			
	 20.05
	 	Compliance With OFAC Laws	  	 	41	 
	 20.06
	 	Intentionally Omitted	  	 	41	 
	 20.07
	 	Absence of Breaches or Defaults	  			
	 20.08
	 	Intentionally Omitted	  			
	 20.09
	 	Intentionally Omitted	  			
		
	 ARTICLE 21. NONWAIVER
	  	 	42	 
		
	 ARTICLE 22. INTENTIONALLY OMITTED
	  	 	42	 
		
	 ARTICLE 23. REAL ESTATE BROKERS
	  	 	42	 
		
	 ARTICLE 24. NOTICES
	  	 	42	 
		
	 ARTICLE 25. HAZARDOUS MATERIALS
	  	 	43	 
			
	 25.01
	 	Defined Terms	  	 	43	 
	 25.02
	 	Tenant’s Obligations with Respect to Environmental Matters	  	 	44	 
	 25.03
	 	Copies of Notices	  	 	45	 
	 25.04
	 	Landlord’s Right to Inspect	  	 	45	 
	 25.05
	 	Tests and Reports	  	 	45	 
	 25.06
	 	Tenant’s Obligation to Respond	  	 	46	 
	 25.07
	 	Landlord’s Right to Act	  	 	46	 
	 25.08
	 	Indemnification	  	 	46	 
		
	 ARTICLE 26. TITLE AND COVENANT AGAINST LIENS
	  	 	47	 
			
	 26.01
	 	Title and Covenant Against Liens	  	 	47	 
		
	 ARTICLE 27. EXCULPATORY PROVISIONS
	  	 	48	 
		
	 ARTICLE 28. QUIET USE AND ENJOYMENT
	  	 	48	 
		
	 ARTICLE 29. CHARACTERIZATION OF LEASE
	  	 	48	 
			
	 29.01
	 	[Unseverable Lease;]No Joint Venture	  	 	48	 
	 29.02
	 	True Lease Waiver	  	 	49	 
		
	 ARTICLE 30. RESERVES
	  	 	50	 
			
	 30.01
	 	Reserves	  	 	50	 

  
 iii 

							
	 30.02
	 	Satisfaction of Tenant’s Obligations	  	 	50	 
	 30.03
	 	Reserve Period; Maintenance Expenses	  	 	50	 
	 30.04
	 	Reserve Reversal Event	  	 	51	 
	 30.05
	 	Letter of Credit	  	 	51	 
	 30.06
	 	Defined Terms	  	 	51	 
		
	 ARTICLE 31. MISCELLANEOUS 
	  	 	52	 
			
	 31.01
	 	Successors and Assigns	  	 	52	 
	 31.02
	 	Modifications in Writing	  	 	53	 
	 31.03
	 	Definition of Tenant	  	 	53	 
	 31.04
	 	Definition of Landlord	  	 	53	 
	 31.05
	 	Headings	  	 	53	 
	 31.06
	 	Time of Essence	  	 	53	 
	 31.07
	 	Default Rate of Interest	  	 	53	 
	 31.08
	 	Severability	  	 	53	 
	 31.09
	 	Entire Agreement	  	 	53	 
	 31.10
	 	Force Majeure	  	 	54	 
	 31.11
	 	Memorandum of Lease	  	 	54	 
	 31.12
	 	No Construction Against Preparer	  	 	54	 
	 31.13
	 	Waiver of Landlord’s Lien	  	 	54	 
	 31.14
	 	Investment Tax Credits	  	 	55	 
	 31.15
	 	Signage	  	 	55	 
	 31.16
	 	Definition of CPI	  	 	55	 
	 31.17
	 	Financial Statements	  	 	55	 
	 31.18
	 	State-Specific-Provisions	  	 	57	 
	 31.19
	 	Counterparts	  	 	57	 
	 31.20
	 	Mortgagee Consent	  	 	57	 
	 31.21
	 	Waiver of Jury Trial and Certain Damages	  	 	58	 
	 31.22
	 	Forum Selection; Jurisdiction; Venue; Choice of Law	  	 	58	 
	 31.23
	 	No Merger	  	 	58	 
	 31.24
	 	Intentionally Omitted	  	 	59	 
	 31.25
	 	Guaranty	  	 	59	 
		
	 ARTICLE 32. [OVERLEASES 
	  	 	59	 
			
	 32.01
	 	Overleases	  	 	59	 

  
 iv 

 Exhibits: 
  

			
		
	Exhibit A	 	Legal Description
		
	Exhibit B	 	Intentionally Omitted
		
	Exhibit C	 	Form of Estoppel Letter
		
	Exhibit D	 	Form of Sublease Non-Disturbance Agreements
		
	Exhibit E	 	Form of Mortgagee Non-Disturbance Agreement
		
	Exhibit F	 	Form of Landlord Agreement
		
	Exhibit G	 	Form of Memorandum of Lease
		
	Exhibit H	 	Intentionally Omitted
		
	Exhibit I	 	Intentionally Omitted
		
	Exhibit J	 	Form Income and Expense Statement
		
	Exhibit K	 	[Form of Landlord Assignment Lease Agreement]
		
	Exhibit L	 	[Form of Landlord Assignment Guaranty Agreement]
		
	Exhibit M	 	Intentionally Omitted
		
	Schedules:	 	
		
	Schedule 2.02	 	Landlord ACH Payment Instructions
		
	Schedule 12.01	 	Officer’s Certificate (Assignment)
		
	Schedule 12.03	 	Officer’s Certificate (Subletting)
		
	Schedule 31.17(c)	 	Form of Confidentiality Agreement
		
	Schedule 31.17(d)    	 	Officer’s Certificate (Financial Reports)

  
 v 

 LEASE2 

THIS LEASE (hereinafter, this “Lease”) is made and entered into as of the
[                    ] day of
[                        ],
20[                        ] (the “Effective Date”), by and between
[                        ], a
[                    ] (hereinafter, “Landlord”), and SHOPKO STORES OPERATING CO., LLC, a Delaware limited liability company
(hereinafter, “Tenant”). 
 WHEREAS, Tenant desires to lease from Landlord, and Landlord desires to lease to Tenant, the
Premises (as defined herein) in accordance with and subject to the terms, conditions and restrictions of this Lease. 
 NOW, THEREFORE, in
consideration of the lease of the Premises and the rents, covenants and conditions herein set forth, and with reference to the definitions of various terms used herein, Landlord and Tenant do hereby covenant, promise and agree as follows: 

ARTICLE 1. 
 GRANT AND
TERM 
 1.01 Grant of Lease. Landlord, for and in consideration of the rents reserved herein and of the covenants and
agreements contained herein on the part of Tenant to be performed, hereby leases to Tenant, and Tenant hereby leases from Landlord, [that certain parcel of land owned by Landlord in fee] [that certain parcel of land held by Landlord as the tenant
under that certain [DESCRIBE LEASE (the “Overlease”)]] and described on Exhibit A (the “Parcel”) attached hereto and made a part hereof and all of the buildings located on the Parcel (each, a
“Building” and collectively the “Buildings”) and other improvements erected or situated on the Parcel, including, but not limited to, to the extent they exist, parking areas; access roads; entrances and driveways;
lighting facilities; grass, shrubs, trees and landscaping; retaining walls; passageways, sidewalks and curbs; culverts; retention basins and drainage facilities; directional and shopping center pylons or monuments; sewer and sewage disposal systems;
water supply, electric lines; gas lines and other service and utility lines, pipes and installations of every kind (the Parcel, together with the Buildings and the other improvements located thereon, the “Premises”), together with
all easements (including any rights under applicable construction, operating and/or reciprocal easements agreements) over adjoining real property, rights of way, hereditaments, interests in or to adjacent streets or alleys or other real property and
all the benefits thereunto belonging and appertaining to any portion of the Premises. 
 1.02 Term of Lease. The term hereof
(the “Term”) shall commence on the Effective Date (the “Commencement Date”), and shall expire at 11:59 PM EST on [December 31, 2031][ December 31, 2035] (the “Expiration Date”). The Term shall
be subject to earlier termination of this Lease and extension of this Lease as provided herein. 
  

	2 	If the breakout lease is a master lease, the provisions hereof will be conformed for multiple properties to include specific lease terms regarding Term, Base Rent Allocations, Property Locations, and other relevant
provisions from the Amended and Restated Master Lease relating to such specific Lease terms. All insertions of alternative provisions shall include insertions of the definitions of any terms used therein and any cross-referenced provisions (if not
already in the document) 

  
 1 

 1.03 Extension Options. Landlord agrees that Tenant shall have, and it is hereby
granted, two (2) successive options (the “Extension Options”) to extend the Term, in Tenant’s sole discretion, for a period of ten (10) years each (individually, an “Extension Period”, and collectively, the
“Extension Periods”), each such Extension Period to begin respectively upon the expiration of the initial Term or the prior Extension Period. All of the terms, covenants and provisions of this Lease shall apply to each Extension Period,
except that Base Rent (as defined in Section 2.01 below) for each of the Extension Periods shall continue to be adjusted pursuant to the terms of Section 2.01 below, payable in equal monthly
installments as Monthly Base Rent (as defined in Section 2.01). In order to exercise the Extension Options, Tenant shall give Landlord notice of such exercise no later than one hundred twenty (120) days prior to the
end of the initial Term of this Lease or the prior Extension Period; provided, however, that if Tenant shall fail to give the notice within the aforesaid time limit, Tenant’s right to exercise its option shall nevertheless continue during said
one hundred twenty (120) day period until thirty (30) days after Landlord shall have given Tenant notice of Landlord’s election to terminate such option (“Landlord’s Notice”), and Tenant may exercise such option
at any time until the expiration of said thirty (30) day period. It is the intention of the parties to avoid forfeiture of Tenant’s rights to extend the Term under any of the options set forth in this Lease through inadvertent failure to
give the extension notice within the time limits prescribed. Accordingly, if Tenant shall fail to give an extension notice to Landlord for any of the Extension Periods, and if Landlord shall fail to give Landlord’s Notice to Tenant, then until
the expiration of thirty (30) days following Landlord’s Notice, or until Tenant either exercises its option to extend or notifies Landlord that it does not intend to exercise said option to extend, the Term shall be extended automatically
from month to month upon all the terms and conditions then in effect, except that Monthly Base Rent shall be increased in accordance with Article 8, and in no event shall the Term extend beyond the last date of the last Extension Period. Upon
the failure of Tenant to exercise one or any of the options herein following Landlord’s Notice, and, in any event, upon expiration of the last of such Extension Periods, Tenant shall have no further or additional right to renew or extend this
Lease. 
 1.04 Intentionally Omitted. 

1.05 Lease Year Defined. As used in this Lease, the term
“Lease Year” shall mean (a) if the Commencement Date is the first (1st) day of a calendar month, the twelve (12) month period commencing on the Commencement Date or (b) if the Commencement Date is not the
first (1st) day of a calendar month, the period commencing on the Commencement Date and ending on the last day of the twelfth (12th) full calendar month of the Term, and in either case, each succeeding twelve (12) month period thereafter which
falls in whole or in part during the Term. 
 ARTICLE 2. 

RENT 
 2.01 Base
Rent. Throughout the Term, Tenant shall pay to Landlord an annual base rent for the Premises (the “Base Rent”), without notice or demand. The Base Rent for the Premises is $[        ].
On each Adjustment Date (defined below), the Base Rent shall increase by the lesser of (i) 1.25 multiplied by the product of (A) the Base Rent in effect immediately prior to the applicable Adjustment Date and (B) the CPI Increase or (ii)
1.95% of the Base Rent in effect immediately prior to the applicable Adjustment Date. The term “Adjustment Date” 

  
 2 

 shall mean each January 1 during the Term, including any Extension Period, as applicable. Base Rent shall be
payable in equal monthly installments (hereinafter referred to as “Monthly Base Rent”), in advance, on the first (1st) day of the Term and on the first (1st) day of each calendar month thereafter of the Term. If the Term ends on any
day except the last day of a calendar month, the Monthly Base Rent shall be prorated by multiplying the Monthly Base Rent by a fraction, the numerator of which is the number of days remaining in the month through the last day of the Term and the
denominator of which is the total number of days in such month. 
 2.02 Manner of Payment. Attached hereto as Schedule
2.02 is Landlord’s account information allowing Tenant to establish arrangements whereby payments of Base Rent and all other amounts becoming due from Tenant to Landlord hereunder are transferred by Automated Clearing House Debit initiated
by Tenant from an account established by Tenant at a United States bank or other financial institution to such account as Landlord has designated in Schedule 2.02. Tenant shall continue to pay all Base Rent by Automated Clearing House Debit
unless otherwise designated from time to time by written notice from Landlord to Tenant. 
 2.03 Net Lease. It is the
intention of the parties hereto that the obligations of Tenant hereunder shall be separate and independent covenants and agreements, that any Base Rent, Impositions and all other sums payable by Tenant hereunder (hereinafter collectively referred to
as “Rent”) shall continue to be payable in all events, and that the obligations of Tenant hereunder shall continue unaffected, unless the requirement to pay or perform the same shall have been terminated or reduced pursuant to an
express provision of this Lease or by operation of law. This is a net lease and Base Rent, Impositions, and all other items of Rent and all other sums payable hereunder by Tenant shall be paid without notice or demand, and without setoff,
counterclaim, abatement, deferment, or deduction, except as otherwise specifically set forth herein or provided by Laws (as defined in Section 4.02), and Tenant shall enforce any rights against Landlord in an independent
action; provided, however, in no event shall Tenant be liable for any interest, principal, late fees or other expenses relating to any debt incurred by Landlord or other costs incurred by Landlord in financing or refinancing the Premises. Except as
provided under a bankruptcy, insolvency, reorganization or other proceeding of Landlord, Tenant agrees that, except as otherwise expressly provided herein, it shall not take any action to terminate, rescind or avoid this Lease notwithstanding
(a) the exercise of any remedy, including foreclosure, under any Mortgage (as defined in Section 17.01 below), (b) any action with respect to this Lease (including the disaffirmance hereof) which may be taken by
Landlord under the Federal Bankruptcy Code or otherwise, (c) a Condemnation of the Premises or any portion thereof (except as expressly provided herein), (d) the prohibition or restriction of Tenant’s use of the Premises under any Laws (as
defined in Section 4.02 below), or (e) a Casualty Event affecting the Premises or any portion thereof (except as expressly provided herein). 

ARTICLE 3. 
 IMPOSITIONS

 3.01 Tenant to Pay Impositions. Tenant shall pay or cause to be paid, directly to the applicable taxing
authority (except as otherwise expressly set forth in this Section 3.01 and in Section 30.01 hereof) in a timely manner and as hereinafter provided, all of the following items, if any, to the
extent that such items arise out of the use, ownership or operation of the Premises that accrue during the Term with respect thereto, whether such items were imposed or assessed 

  
 3 

 prior to the commencement of the Term with respect thereto or on or subsequent to the commencement of the Term
with respect thereto (each, an “Imposition” and collectively, the “Impositions”): (a) real property taxes and assessments; (b) taxes on personal property, trade fixtures and improvements located on or relating
to the Premises, whether belonging to Landlord or Tenant; (c) occupancy and rent taxes; (d) levies; (e) gross receipts, gross income, excise or similar taxes (i.e., taxes customarily based upon gross income or receipts which fail to take
into account deductions relating to the Premises) imposed or levied upon, assessed against or measured by Base Rent or any portion thereof or other Rent payable hereunder, but only to the extent that such taxes would be payable if such Premises was
the only property of Landlord; (f) all excise, franchise, privilege, license, sales, value added, use and similar taxes imposed upon any Rent or other monies owed hereunder, or upon the leasehold estate of either party (other than, transfers, sales
or similar taxes imposed in connection with a direct or indirect transfer of Landlord’s leasehold estate); (g) all transfer, documentary, excise, stamp, recording conveyance or similar taxes with respect to Tenant’s assignment or transfer
of this Lease, or Tenant’s sublet of any portion of the Premises; (h) payments in lieu of each of the foregoing, whether or not expressly so designated; (i) fines, penalties and other similar or like governmental charges applicable to
any of the foregoing and any interest or costs with respect thereto solely attributable to the acts of Tenant; and (j) any and all other federal, state, county and municipal governmental and quasi-governmental levies, assessments or taxes and
charges, general and special, ordinary and extraordinary, foreseen and unforeseen, of every kind and nature whatsoever, and any interest or costs with respect thereto, which are due and payable or accrue at any time during the Term. Each such
Imposition, or installment thereof, during the Term shall be paid before the last day the same may be paid without fine, penalty, interest or additional cost; provided, however, that if, in accordance with Laws, any Imposition may, at the option of
the taxpayer, be paid in installments (whether or not interest shall accrue on the unpaid balance of such Imposition) (“Installments”), Tenant may exercise the option to pay the same in such Installments and shall be responsible for
the payment of such Installments only, provided that all such Installment payments relating to periods prior to the expiration of the Term are required to be made prior to the Expiration Date or early termination of this Lease, and provided further
that, if such installments extend beyond the Term, Landlord shall have the option to pay all remaining installments relating to periods following the expiration of the Term. Notwithstanding anything contained in this
Section 3.01 to the contrary, (i) “Impositions” shall include all real property taxes and assessments which were assessed, levied or imposed or which accrued prior to the Term if payable during the Term, and
Tenant shall promptly pay such items as and when they become due and payable, and (ii) any real property taxes and assessments which accrue during the Term but become payable after the Term shall continue to be Tenant’s obligation or
responsibility to pay. If Tenant is not permitted by applicable laws to pay any Imposition directly to the taxing authority, Tenant shall pay or cause such Imposition to be paid to Landlord together with its payments of Base Rent and any other Rent
payable hereunder. 
 3.02 Receipt of Payment. After a written request therefor by Landlord, Tenant shall furnish to Landlord,
within thirty (30) days after each Imposition is due, evidence reasonably satisfactory to Landlord evidencing the timely payment of an Imposition. If Tenant fails to pay the appropriate taxing authority all Impositions when due hereunder, then
Tenant shall, without limiting any other remedies available to Landlord, reimburse Landlord for any and all penalties or interest, or portion thereof, incurred by Landlord as a result of such nonpayment or late 

  
 4 

 payment by Tenant. Landlord and Tenant shall cooperate to notify the appropriate governmental authorities to
deliver bills or invoices for Impositions directly to Tenant. Notwithstanding anything in this Lease to the contrary, if Landlord and Tenant are unable, after having made commercially reasonable efforts to do so, to cause direct billing of
Impositions to Tenant’s address, and Landlord fails to promptly (but in any event within ten (10) business days after receipt thereof), deliver to Tenant any bill or invoice with respect to any Impositions that Landlord may receive and
Tenant’s payment of such Impositions within twenty (20) business days after receipt of the bill or invoice results in the imposition of interest, penalties and/or late fees, then Landlord shall be responsible for such interest, penalties
and/or late fees, provided, that the Landlord’s failure to timely deliver any such bill or invoice shall not limit Tenant’s obligation to pay such Imposition. 

3.03 Exclusions. 

(a) Except as provided in Section 3.03(b) herein below, nothing contained in this Article 3 shall require
Tenant to pay foreign, state, local or federal income, inheritance, estate, succession, capital levy, capital stock, stamp, transfer, excess profit, revenue, gift or similar taxes of Landlord. For the purposes of this Lease, income taxes shall
include (i) taxes, however labeled, determined by reference to income, and (ii) any tax, however labeled, imposed on one or more alternative bases, where one or more of such alternative bases is based on income and the tax is in fact
imposed on the income base; provided, however, that the maximum additional amount of Impositions with respect to a calendar year that Tenant may be responsible for hereunder as a result of the inclusion of “and the tax is in fact imposed on the
income base” may not exceed Five Thousand Dollars ($5,000). Where a tax may be imposed on one or more alternative bases, one or more of which is based on income, and it is not in fact imposed on the income base, the tax actually imposed will be
treated as an income tax hereunder to the extent of the amount that would have been imposed had the tax been imposed on an income base. 

(b) If, at any time during the Term, a tax or excise on Base Rent or any portion thereof or other Rent or the right to receive rents or other
tax, however described, is levied or assessed against Landlord as a substitute in whole or in part for any Impositions theretofore payable by Tenant, Tenant shall pay and discharge such tax or excise on Base Rent or portion thereof or other Rent or
other tax before interest or penalties accrue, and the same shall be deemed to be an Imposition levied against the Premises. 
 3.04
Contest. Tenant shall have the right to contest (in the case of any item involving more than Ten Thousand Dollars ($10,000), after written notice to Landlord) the amount or validity, in whole or in part, of any Imposition by
appropriate legal proceedings diligently conducted in good faith, at Tenant’s sole cost and expense, provided that (a) no Default by Tenant has occurred and is continuing; (b) such proceeding shall be permitted under and be conducted
in accordance with the provisions of any other instrument to which Tenant is bound as a direct party and any REAs (as defined in Section 9.04 below) [and the Overlease] and shall not constitute a default thereunder and such
proceeding shall be conducted in accordance with all applicable Laws; (c) neither the Premises nor any part thereof or interest therein will be in danger of being sold, forfeited, terminated, cancelled or lost as a result of such proceedings;
(d) such proceeding shall suspend the collection of such contested Imposition; and (e) Tenant shall furnish such security as may be required by the appropriate governmental authorities in 

  
 5 

 connection with the proceeding. Upon the termination of such proceedings, it shall be the obligation of Tenant to
pay the amount of such Imposition or part thereof as finally determined in such proceedings, the payment of which may have been deferred during the prosecution of such proceedings, together with any costs, fees (including attorneys’ fees and
disbursements), interest, penalties or other liabilities in connection therewith. 
 3.05 Reduction of Assessed Valuation.
Subject to the provisions of Section 3.04, Tenant shall have the right to seek a reduction in the assessed valuation of the Premises for real property tax purposes and to prosecute any action or proceeding in connection
therewith. 
 3.06 Joinder of Landlord. Landlord shall join and reasonably cooperate in any proceedings referred to in
Sections 3.04 and 3.05 or permit the same to be brought in its name but shall not be liable for the payment of any costs or expenses in connection with any such proceedings, and Tenant shall reimburse (as incurred) and indemnify
Landlord (promptly upon demand) for any and all costs or expenses which Landlord may sustain or incur in connection with any such proceedings. 

ARTICLE 4. 
 USE;
COMPLIANCE 
 4.01 Use. Tenant shall have the right to use and occupy the Premises for any retail purpose or for any other
use or purpose permitted by the applicable zoning authority and otherwise by Laws and, as applicable or any REAs [or the Overlease]. Tenant shall have the right to cease operations for business (“go dark”) at the Premises or any
portion thereof. Tenant shall provide Landlord with written notice of going “dark” (provided, however, that Tenant’s failure to deliver such notice to Landlord shall not constitute a default under this Lease). Notwithstanding the
foregoing, the terms and provisions of this Lease and Tenant’s obligations hereunder (including without limitation, the payment of Base Rent and other Rent without reduction except as set forth in Articles 14 and 15, the
maintenance of insurance as required under Article 6 and Tenant’s maintenance obligations under Section 9.02) shall remain in full force and effect with respect to the Premises or any portion thereof that has
gone “dark”. 
 4.02 Compliance. Tenant’s use and occupation of the Premises, and the condition thereof, shall,
at Tenant’s sole cost and expense, comply fully with all Legal Requirements, and all restrictions, covenants and encumbrances of record (including any owner obligations under such Legal Requirements), with respect to the Premises, in either
event, the failure with which to comply could have a Material Adverse Effect. Without in any way limiting the foregoing provisions, Tenant shall comply with all Legal Requirements relating to money laundering, anti-terrorism, trade embargos,
economic sanctions, and the Americans with Disabilities Act of 1990, as such act may be amended from time to time, and all regulations promulgated thereunder, as they affect the Premises now or hereafter in effect. Tenant shall comply with all Legal
Requirements and directives of governmental authorities and, upon receipt thereof, shall provide to Landlord copies of all notices, reports and other communications exchanged with, or received from, governmental authorities relating to any actual or
alleged noncompliance event, the failure of which to comply could have a Material Adverse Effect. Tenant shall also reimburse Landlord for all Costs incurred by Landlord in evaluating the effect of such an event on the Premises and this Lease (to
the extent Tenant is not using reasonable efforts to comply with such an event and 

  
 6 

 Landlord makes a reasonable and good faith determination that such evaluation is necessary), in obtaining any
necessary licenses from governmental authorities as may be necessary for Landlord to enforce its rights hereunder, and in complying with all Legal Requirements applicable to Landlord as the result of the existence of such an event, and for any
penalties or fines imposed upon Landlord as a result thereof Tenant will use commercially reasonable efforts to prevent any act or condition to exist on or about the Premises which will materially increase any insurance rate thereon except when such
acts are required in the normal course of its business, and in any event, Tenant shall pay for such increase; provided, however, the foregoing provision shall not in any way prevent Tenant from having the right to use and occupy the Premises in
accordance with Section 4.01 above. Except to the extent of Landlord’s willful wrongful acts or gross negligence (provided that the term “gross negligence” used in this Section shall not include gross
negligence imputed as a matter of law to any of the Landlord Indemnified Parties (as defined in Section 13.03(a)) solely by reason of Landlord’s interest in the Premises or Tenant’s failure to act in respect of
matters which are or were the obligation of Tenant under this Lease), Tenant agrees that it will defend, indemnify and hold harmless the Landlord Indemnified Parties from and against any and all Losses (defined below) caused by, incurred or
resulting from Tenant’s failure to comply with its obligations under this Section. 
 For purposes hereof: 

“Costs” means all reasonable costs and expenses incurred by a Person (defined in Section 20.05
below), including, without limitation, reasonable attorneys’ fees and expenses, court costs, expert witness fees, costs of tests and analyses, travel and accommodation expenses, deposition and trial transcripts, copies and other similar costs
and fees, and appraisal fees, as the circumstances require. 
 “Laws” means any constitution, statute, rule of law, code,
ordinance, order, judgment, decree, injunction, rule, regulation, policy, requirement or administrative or judicial determination, even if unforeseen or extraordinary, of every duly constituted governmental authority, court or agency, now or
hereafter enacted or in effect. 
 “Legal Requirements” means the requirements of all present and future Laws (including,
without limitation, Environmental Laws (defined in Section 25.01(b) below) and Laws relating to accessibility to, usability by, and discrimination against, disabled individuals), all judicial and administrative
interpretations thereof, including any judicial order, consent, decree or judgment, and all covenants, restrictions and conditions now or hereafter of record which may be applicable to the Premises, or to the use, manner of use, occupancy,
possession, operation, maintenance, alteration, repair or restoration of the Premises, even if compliance therewith necessitates structural changes or improvements or results in interference with the use or enjoyment of the Premises. 

“Losses” means any and all claims, suits, liabilities (including, without limitation, strict liabilities), actions,
proceedings, obligations, debts, damages, losses, Costs, fines, taxes, penalties, interest, charges, fees, judgments, awards, amounts paid in settlement and damages of whatever kind or nature, inclusive of bodily injury and property damage to third
parties (including, without limitation, attorneys’ fees and other Costs of defense). 

  
 7 

 “Material Adverse Effect” means a material adverse effect on (a) the
Premises, including, without limitation, the operation of the Premises and/or the value of the Premises; (b) Tenant’s ability to perform its obligations under this Lease; or (c) Landlord’s interests in the Premises or this Lease. 

ARTICLE 5. 
 UTILITIES

 5.01 Payment for Utilities. Tenant will pay, when due, all such charges which accrue during the Term of every nature,
kind or description for utilities furnished to the Premises or chargeable against the Premises, including all charges for water, sewage, heat, gas, light, garbage, electricity, telephone, steam, power, or other public or private utility services.
Prior to commencement of the Term, Tenant was obligated to pay for all utilities or services at the Premises used by it or its affiliates, agents, employees or contractors. 

5.02 Utilities. Tenant shall have the right to choose and shall be responsible for contracting directly with all suppliers of
utility services. In the event that any charge or fee is required by the state in which the Premises is located or by any agency, subdivision or instrumentality thereof, or by any utility company or other entity furnishing services or utilities to
the Premises, as a condition precedent to furnishing or continuing to furnish utilities or services to the Premises, such charge or fee shall be deemed to be a utility charge payable by Tenant. The provisions of this Article 5 shall include,
but shall not be limited to, any charges or fees for present or future water or sewer capacity to serve the Premises, any charges for the underground installation of gas or other utilities or services, and other charges relating to the extension of
or change in the facilities necessary to provide the Premises with adequate utility services. Tenant may elect to cause the separate metering of utilities to various portions of any Building. If Tenant makes such an election, the costs of such
separate metering shall be at the sole and exclusive cost of Tenant. In the event Tenant fails to pay any such charge or fee contemplated by this Section 5.02, Landlord shall have the right, but not the obligation, to pay
such charges or fees on Tenant’s behalf and Tenant shall reimburse Landlord for such utility charge upon Landlord’s demand therefor with interest accruing at the Default Interest rate provided in Section 31.07.
The inability of Tenant to obtain, or any stoppage of, the utility services referred to in this Article 5 resulting from any cause (other than Landlord’s gross negligence or willful wrongful acts) shall not make Landlord liable in any
respect for damages of any kind to any Person, property or business, or entitle Tenant to any abatement of Rent or other relief from any of Tenant’s obligations under this Lease. 

ARTICLE 6. 
 INSURANCE

 6.01 Tenant’s Insurance. 

(a) Tenant shall obtain and maintain the following coverages at its sole cost and expense: 

  
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 (i) “All Risk” or “Special Form” Property Insurance with a Twenty- Five
Million Dollars ($25,000,000) per occurrence limit, with no aggregate for the peril of windstorm, tornado and hail, on the Buildings and Tenant’s Personalty (as defined in Section 7.02) located on the Premises,
(1) in an amount equal to one hundred percent (100%) of the full replacement cost, (2) containing an agreed amount endorsement waiving all coinsurance provisions; and (3) providing [for no deductible in excess of (a) One Hundred
Thousand Dollars ($100,000) or (b) in the event that the Insurance Deductible Letter of Credit (defined below) is in full force and effect, Five Hundred Thousand Dollars ($500,000); and (4) providing ]3 coverage for contingent liability
from Operation of Building Laws, Demolition Costs and Increased Cost of Construction under an “Ordinance or Law Coverage” or “Enforcement” endorsement if any of the improvements or the use of the Premises shall at any time
constitute legal non-conforming structures or uses. The full replacement cost shall be redetermined from time to time (but not more frequently than once in any twenty-four (24) calendar months) at the
request of Landlord by an appraiser or contractor designated and paid by Tenant and approved by Landlord, or by an engineer or appraiser in the regular employ of the insurer and at the expense of Tenant. After the first appraisal, additional
appraisals may be based on construction cost indices customarily employed in the trade. [For purposes of this Section 6.01(a)(i), the term “Insurance Deductible Letter of Credit” shall mean a letter of credit, combined for ShopKo
Stores Operating Co., LLC (“ShopKo”) and Pamida Stores Operating Co., LLC (“Pamida”) so long as they jointly procure insurance, in an amount equal to Four Hundred Thousand Dollars ($400,000.00), naming Landlord or, at
Landlord’s option, its Mortgagee (as defined in Section 17.01 below) as the sole beneficiary thereof, which letter of credit shall (A) be a transferable, clean, irrevocable, unconditional, standby letter of credit in form, substance
and amount reasonably satisfactory to Landlord in its reasonable discretion, issued or confirmed by a commercial bank with a long term debt obligation rating of “AA” or better (or a comparable long term debt obligation rating) as assigned
nationally-recognized statistical rating agency, (B) be payable upon presentation of a sight draft only to the order of Landlord or its Mortgagee at a New York City bank, (C) have an initial expiration date of not less than one
(1) year and shall be automatically renewed for successive twelve (12) month periods for the Term, (D) provide for multiple draws, and (E) be transferable by Landlord or its Mortgagee, and its successors and assigns at a New York
City bank.]4 
 (ii) Commercial General Liability insurance (“Liability Insurance”) against liability for bodily injury and
death, property damage, personal and advertising injury, liquor (to the extent liquor is sold or manufactured on the Premises), optometrist and druggist professional liability (to the extent optometric and pharmacy operations exist on the Premises)
on the Premises, such Liability Insurance (1) to be on an “occurrence” form with a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence and Two Million Dollars ($2,000,000) in the aggregate and to
continue at not less than the aforesaid limit until required to be changed by Landlord in writing by reason of changed economic conditions making such protection inadequate; and (2) to provide coverage for premises and operations, products and

  

	3 	Bracketed deductible language and the definition of “Insurance Deductible Letter of Credit” will only be included for buyers of ten or more properties (whether or not pursuant to a master lease) or $50,000,000
or more in purchase price) 

	4 	Bracketed deductible language and the definition of “Insurance Deductible Letter of Credit” will only be included for buyers of ten or more properties (whether or not pursuant to a master lease) or $50,000,000
or more in purchase price) 

  
 9 

 completed operations on an “if any” basis, independent contractors, blanket contractual liability for
all written and oral contracts and contractual liability covering the indemnities contained in this agreement. The deductible for Liability Insurance coverage shall not exceed Two Hundred Fifty Thousand Dollars ($250,000); provided, however, the
deductible for Liability Insurance coverage related to optometrist and druggist professional liability (to the extent optometric and pharmacy operations exist on the Premises) on the Premises shall not exceed Five Hundred Thousand Dollars
($500,000); 
 (iii) Workers’ Compensation insurance providing statutory benefits and Employers Liability insurance with a limit of at
least One Million Dollars ($1,000,000) for all Persons employed by Tenant at or in connection with the Premises; 
 (iv) Business
Interruption/Loss of Rents insurance (1) covering all risks required to be covered by the insurance provided for in subsection (i) above; (2) in an amount equal to one hundred percent (100%) of the projected gross
income from the Premises (on an actual loss sustained basis) for a period continuing until the restoration of the Premises is completed; the amount of such business interruption/loss of rents insurance shall be determined prior to the signing of
this Lease and at least once each year thereafter based on Tenant’s reasonable estimate of the gross earnings including one hundred percent (100%) of rent payables for the succeeding twenty-four (24) month period, and (3) containing
an extended period of indemnity endorsement which provides that after the physical loss to the Buildings, improvements or Tenant’s Personalty has been repaired, the continued loss or income will be insured until such income either returns to
the same level it was at prior to the loss, or the expiration of six (6) months from the date that the Premises is repaired or replaced and operations are resumed, whichever first occurs, and notwithstanding that the policy may expire prior to
the end of such period; 
 (v) Comprehensive Boiler and Machinery insurance, if applicable, in an amount equal to the greater of Five
Million Dollars ($5,000,000) or full replacement cost of the Buildings, improvements and Tenant’s Personalty on terms consistent with the “All Risk” Property insurance required under subsection (i) above;

 (vi) Flood insurance, if any portion of a Building is located in an area identified by the Secretary of Housing and Urban Development or
any successor thereto as an area having special flood hazard pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973 or the National Flood Insurance Reform Act of 1994, as each may be amended, or any successor
law (the “Flood Insurance Acts”), of the following types and in the following amounts (1) coverage under policies issued pursuant to the Flood Insurance Acts (the “Flood Insurance Policies”) in an amount equal
to the maximum limit of coverage available for the Premises under the Flood Insurance Acts, subject only to customary deductibles under such policies and (2) Excess Flood Insurance in an amount equal to the greater of (x) one hundred
percent (100%) of replacement cost of the Buildings (including the improvements) located in the Premises, or (y) Ten Million Dollars ($10,000,000) if the Premises is located outside Flood Zone A or V; 

  
 10 

 (vii) Earthquake insurance for locations with Probable Maximum Loss percentages of 20 (PML 20%)
or greater, and sinkhole and mine subsidence insurance in amounts equal to one times (1x) the probable maximum loss of the Premises as determined by Landlord in its sole discretion and in form and substance satisfactory to Landlord, provided that
with the exceptions for limits and deductibles the Earthquake insurance shall be on terms consistent with the “All Risk” Property insurance under subsection (i) above; 

(viii) Umbrella Liability insurance in an amount not less than Seventy- Five Million Dollars ($75,000,000) per occurrence on the forms of
Primary Commercial General Liability, Employers Liability, Optometrist Professional Liability and Druggist Professional Liability; 
 (ix)
At all times during which structural construction, repairs or alterations (including Capital Improvements) are being made with respect to the Buildings and the other improvements (1) Owner’s Contingent or Protective Liability insurance
covering claims not covered by or under the terms or provisions of the insurance provided in subsection (ii) above; and (2) Builders Risk insurance on a completed value form covering against “all risks” insured against
pursuant to subsection (i) above shall include permission to occupy the Premises, and shall contain an agreed amount endorsement waiving coinsurance provisions; 

(x) Insurance against terrorism, terrorist acts or similar acts of sabotage (“Terrorism Insurance”) with coverage amounts of
not less than Twenty-Five Million Dollars ($25,000,000) (the “Terrorism Insurance Required Amount”); 
 (xi)
With respect to the Premises, if Tenant maintains a tank for the storage of Hazardous Materials, storage tank liability insurance that provides for corrective action, third party liability coverage, clean-up
costs and defense costs at all times during the Term in an amount not less than those limits required to satisfy the financial responsibility requirements as determined by Title 40 the Code of Federal Regulations, but in no event less than Two
Million Dollars ($2,000,000) per occurrence and Four Million Dollars ($4,000,000) in the aggregate (“Tank Insurance”); and 

(xii) Such other insurance and in such amounts from time to time that Landlord or its Mortgagee may reasonably request against such other
insurable hazards which at the time are commonly insured against for property similar to the Premises in or around the region in which the Premises is located. 

(b) Landlord shall be named as an “additional insured” for Liability Insurance, as an “additional named insured” and as a
“loss payee” for Property Insurance, as an “additional insured” for Tank Insurance, and as a “loss payee” for rental value or business interruption insurance. If the Premises shall be subject to any Mortgage (as defined
in Section 17.01), the applicable Liability Insurance shall, if required by such Mortgage, name the Mortgagee (as defined in Section 17.01) as an additional insured and the Property, Business
Interruption/Loss of Rents, Boiler and Machinery, Flood, Earthquake and Terrorism insurance shall name the Mortgagee as a “loss payee” under a standard “noncontributory mortgagee” endorsement or its equivalent. In the case of
Property, Boiler and Machinery, and Flood insurance, each policy shall contain a so-called New York standard non-contributing mortgagee clause in favor of any Mortgagee
providing that the loss thereunder shall be payable to Landlord and Mortgagee, as their interests may appear. 

  
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 (c) All of Tenant’s insurance policies required hereunder shall be in such form and shall be
issued by such responsible companies permitted to do business in the state where the Premises is located. All such companies shall have a rating of “A” or better for financial strength claims paying ability assigned by Moody’s
Investors Service, Inc. (if Moody’s Investors Service, Inc. provides a rating for the insurer) and a rating of “A” or better assigned by Standard & Poor’s Rating Group (“S&P”), provided that if any
insurance required is provided by a syndicate of insurers, the insurers with respect to such insurance shall be acceptable if (1) the first layer of coverage under such insurance shall be provided by carriers with a minimum financial strength
rating from S&P of “A” or better; (2) sixty percent (60%) (seventy-five percent (75%) if there are four or fewer members in the syndicate) of the aggregate limits under such policies must be provided by carriers with a minimum
financial strength rating from S&P of “A” or better; and (3) the financial strength rating from S&P for each carrier in the syndicate shall have a financial strength rating from S&P of at least “BBB”. All
policies referred to in this Lease shall be procured, or caused to be procured, by Tenant, at no expense to Landlord, and for periods of not less than one (1) year. Evidence of insurance (in form and substance reasonably acceptable to Landlord)
shall be delivered to Landlord on or before the Commencement Date and renewal evidence of insurance not less than ten (10) days prior to the date of expiration of the policies. Subject to the terms of Section 30 below,
if Tenant fails to obtain and maintain insurance coverages in accordance with this Article 6, then Landlord, at Landlord’s sole option, upon fifteen (15) days prior written notice to Tenant and Tenant’s failure to cure within
said period, may, but shall not be obligated to, procure such insurance on behalf of, and at the expense of, Tenant, and if Landlord exercises such right and expends any funds to obtain such insurance, Tenant shall reimburse Landlord for such
amounts upon demand with interest accruing at the Default Interest rate provided in Section 31.07, from the time of payment by Landlord until fully paid by Tenant immediately upon written demand therefor by Landlord. It is
understood that any such sums for which Tenant is required to reimburse Landlord shall constitute Rent under this Lease. 
 (d) Tenant shall
not carry separate insurance concurrent in form or contributing in the event of loss with that required by this Lease to be furnished by Tenant, unless Landlord and each Mortgagee is included therein as additional named insureds with any loss
payable as provided in this Lease. Tenant shall promptly notify Landlord of the carrying of any such separate insurance and shall cause evidence of the same to be delivered as required in this Lease. 

(e) Tenant shall not violate or permit to be violated any of the conditions or provisions of any of Tenant’s insurance policies required
hereunder, and Tenant shall so perform and satisfy or cause to be performed and satisfied the requirements of the companies writing such policies so that at all times companies of good standing shall be willing to write and continue such insurance.

  
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 (f) Each of Tenant’s insurance policies shall contain an agreement by the insurer that such
policy shall not be cancelled or modified without at least ten (10) days’ prior written notice to Landlord and each Mortgagee, and contain clauses or endorsements to the effect that no act or negligence of Tenant, or anyone acting for
Tenant, or failure to comply with the provisions of any policy which might otherwise result in a forfeiture of the insurance or any part thereof, shall in any way affect the validity or enforceability of the insurance insofar as Landlord is
concerned. The Property Insurance shall contain a waiver of subrogation by the insurer of any right to recover the amount of any loss resulting from the acts or negligence of Landlord or its agents, employees or licensees. 

(g) Each of Landlord and Tenant hereby waives any and every claim for recovery from the other for any and all loss or damage to the Premises or
to the contents thereof, whether such loss or damage is due to the negligence of Landlord or Tenant or their respective agents or employees, which loss or damage is insured pursuant to this Lease; provided, however, that the foregoing waiver shall
not be operative in any case where the effect thereof is to invalidate any insurance coverage of the waiving party or increase the cost of such insurance coverage. Each of Landlord and Tenant hereby waive all rights of subrogation that they may have
against each other. 
 (h) It is expressly understood and agreed that (1) if any insurance required hereunder, or any part thereof,
shall expire, be withdrawn, become void by breach of any condition thereof by Tenant, or become void or in jeopardy by reason of the failure or impairment of the capital of any insurer, Tenant shall immediately obtain new or additional insurance
reasonably satisfactory to Landlord and its Mortgagee; (2) the minimum limits of insurance coverage set forth in this Section 6.01 shall not limit the liability of Tenant for its acts or omissions as provided in this
Lease; (3) Tenant shall procure policies for all insurance for periods of not less than one year and shall provide to Landlord and any servicer or Mortgagee of Landlord certificates of insurance or, upon Landlord’s request, duplicate
originals of insurance policies evidencing that insurance satisfying the requirements of this Lease is in effect at all times; and (4) Tenant shall pay as they become due all premiums for the insurance required by this
Section 6.01. 
 6.02 Blanket Policy. Property Insurance, at the option of Tenant, may be effected
by blanket policies issued to Tenant covering the entire the Premises (or any portion thereof) and other properties owned or leased by Tenant, provided that the policies otherwise comply with the provisions of this Lease. 

ARTICLE 7. 
 RETURN OF
PREMISES 
 7.01 Surrender of Possession. At the expiration or early termination of this Lease, Tenant shall surrender
possession of the Premises to Landlord and deliver all keys to each Building to Landlord and make known to Landlord the combination of all locks of vaults then remaining in each Building, and, subject to the following paragraph, shall return the
Premises and all equipment and fixtures of Landlord therein to Landlord in good working condition (subject to Tenant’s rights contained in Article 11 and Section 9.02), reasonable wear and tear, casualty and
condemnation excepted. 

  
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 7.02 Trade Fixtures and Personal Property. Tenant’s merchandise, furniture,
machinery, trade fixtures, non-trade fixtures, inventory and other items of personal property of every kind and description (collectively, “Tenant’s Personalty”), shall belong to Tenant
throughout the Term, and Tenant shall have the right to remove Tenant’s Personalty from the Premises and the obligation to restore any damage to the Premises caused thereby, such removal and restoration to be performed prior to the end of the
Term with respect to the Premises or within twenty (20) days following termination of this Lease or Tenant’s right of possession with respect to the Premises, whichever is earlier. If Tenant fails to remove such items, Landlord may do so
and thereupon the provisions of Section 16.04 shall apply. 
 7.03 Survival. All obligations of Tenant under this
Article 7 shall survive the expiration of the Term or earlier termination of this Lease. 
 ARTICLE 8. 

HOLDING OVER 
 If Tenant
remains in possession of the Premises after the expiration of the Term, Tenant, at Landlord’s option and within Landlord’s sole discretion, may be deemed a tenant on a month-to-month basis and shall
continue to pay Rent, except that Tenant shall pay Landlord one hundred twenty-five percent (125%) of the Base Rent then applicable to the final Lease Year of the Term for the period Tenant remains in possession of the Premises. The foregoing
provisions shall not serve as permission for Tenant to holdover, nor serve to extend the Term (although Tenant shall remain bound to comply with all provisions of this Lease until Tenant vacates the Premises, and shall be subject to the provisions
of Article 7). 
 ARTICLE 9. 

CONDITION AND CARE OF PREMISES 

9.01 As-Is Condition. Tenant acknowledges and agrees that Tenant accepts the Premises in
“AS-IS, WHERE-IS” condition and agrees that Landlord makes no representation or warranty as to the condition thereof. Tenant further acknowledges and agrees
that, prior to the Commencement Date, Tenant was in sole and exclusive possession and control of the Premises. 
 9.02
Tenant’s Obligations. Subject to Tenant’s rights set forth in Article 11 below and this Section 9.02, Tenant shall maintain, or cause to be maintained, in good
working order the Premises, including the Buildings and any other improvements located thereon, the equipment serving the Buildings, and the other improvements located thereon, including, without limiting the generality of the foregoing, roofs,
foundations and appurtenances to the Buildings, all mechanical, electrical, plumbing, heating, air-conditioning and ventilation systems located in or otherwise serving such Buildings, and all water, sewer and
gas connections, pipes and mains which service such Buildings which neither any public utility company nor a public authority is obligated to repair and maintain, and shall put, keep and maintain each Building, and the other improvements on such
Parcel in good working order and make all repairs therein and thereon, interior and exterior, structural and nonstructural, necessary to keep the same in good working order and to comply with all applicable Laws, howsoever the necessity or
desirability therefor may occur. When used in this Lease, the term “repairs” shall include all alterations, installations, replacements, removals, renewals and restorations, and the phrase “good working order” or “good
working condition” means good working order or good working condition, reasonable wear and tear, casualty and condemnation excepted. Notwithstanding the foregoing, (a) Tenant 

  
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 also shall perform common area maintenance and repairs and other duties with respect to the Premises or any
adjoining property to the extent that Landlord is required to do so under any REAs (whereupon Tenant shall be entitled to reimbursement from any third party pursuant to any such REAs), and (b) so long as no Default has occurred and is
continuing and subject to Tenant’s obligation to maintain the Premises in good working order as set forth above, Tenant shall not be required to make any structural or capital repairs or improvements to the Premises during the last two
(2) years of the Term. For purposes of this Section 9.02, “the last two (2) years of the Term” refers to the final years of the Term, as extended, and Tenant’s obligations to repair and maintain the
Premises will continue during the last two (2) years of the initial Term with respect thereto or any Extension Period with respect thereto for which Tenant has exercised its Extension Option. 

9.03 Landlord Not Obligated. Landlord shall not be required to furnish any services, utilities or facilities whatsoever to the
Premises, nor shall Landlord have any duty or obligation to make any alteration, change, improvement, replacement, restoration or repair to, or to demolish, the Buildings or any other improvements presently or hereafter located on the Parcel. Tenant
assumes the full and sole responsibility for the condition, operation, repair, alteration, improvement, replacement, maintenance and management of the Premises, including any Building or any other improvements. 

9.04 Compliance with REA(s). Notwithstanding anything to the contrary contained herein, it is expressly understood and agreed by
and between Landlord and Tenant that the Premises may be subject to construction, operating, development, cross easement and reciprocal easement agreements or other declarations, covenants, restrictions or easement agreements in effect as of the
Effective Date, or subsequently entered into as provided in this Section 9.04 or Article 26, in favor of an owner of adjoining property or to which Landlord is a party or that are binding on Landlord or the Premises
or that are a matter of public record affecting the Premises or any portion thereof, or any similar agreements, as may be amended from time to time (hereinafter each referred individually as an “REA” and collectively as the
“REAs”), and Tenant, for itself and any permitted assignee or subtenant, hereby covenants and agrees to comply with, perform all obligations (whether those of Tenant or Landlord) under and not violate any provision of the REAs.
Tenant shall pay or cause to be paid, in a timely manner, all charges, costs and other obligations imposed on or with respect to the Premises or Landlord pursuant to any REAs. Neither Landlord nor Tenant shall grant or agree to any new REA affecting
the Premises or to any consents, approvals, waivers, modifications, amendments or terminations of any REA in existence as of the Effective Date (collectively, an “REA Change”) without the prior written consent of the other party in
each instance, which consent shall not be unreasonably withheld, delayed or conditioned; provided, however, with respect to the development of previously subdivided outlots owned by Tenant that are not part of the Premises, Tenant shall have the
right to consent to such outlot development on behalf of Landlord under any REA (or Landlord shall execute a consent, in form and substance reasonably satisfactory to Landlord, upon the reasonable request of Tenant) so long as Tenant represents to
Landlord that such development does not materially and adversely affect the use or operation of or access to or from the Premises and the development will not (a) cause any portion of the Premises to be in violation of any Legal Requirements,
(b) create any liens on the Premises, or (c) violate the terms of any document or instrument of record encumbering the Premises, including without limitation, 

  
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 any REA. In any instance in which a party requests the consent of the other party to an REA Change, the other
party shall respond to such request within twenty (20) days; provided, that if there is no response within said twenty (20) day period, consent shall be deemed to have been given upon the expiration of said twenty (20) day period.
Landlord agrees that Tenant shall enjoy the access, parking, easement and right to receive services and benefits that inure to Landlord under all REAs, concerning such access, parking, easement rights or the right to receive services thereunder.
Landlord hereby grants unto Tenant the rights of enforcement and audit with respect to all of the REAs on Landlord’s behalf, at Tenant’s sole cost and expense. If Tenant cures a default or enforces performance by the other owner or other
party to an REA in accordance with an REA and in doing so spends money, or if at the time in question Tenant is performing the common area maintenance under that REA and the adjacent owner or other party fails to pay its share of expenses, Landlord
grants Tenant, to the extent granted under the REA, the right to collect reimbursement from the adjacent owner or the other party to said REA, provided that Landlord shall have no liability to Tenant with respect to any amounts paid or costs
incurred by Tenant. Landlord agrees that, upon Tenant’s request and at Tenant’s sole cost and expense, Landlord will enforce the terms of any REAs for the benefit of Tenant. Except to the extent of Landlord’s willful wrongful acts or
gross negligence (provided that the term “gross negligence” used in this Section shall not include gross negligence imputed as a matter of law to any of the Landlord Indemnified Parties solely by reason of Landlord’s interest in the
Premises or Tenant’s failure to act in respect of matters which are or were the obligation of Tenant under this Lease), Tenant agrees that it will defend, indemnify and hold harmless the Landlord Indemnified Parties from and against any and all
Losses arising from or related to a default by Tenant under the REAs, that continues beyond applicable notice and cure periods, and any enforcement actions described in this Section. Promptly after the request of Tenant, Landlord shall execute such
documents as may be reasonably requested by Tenant in connection with any REA so that to the extent permitted by such REA, (i) Tenant is entitled to directly receive any notices under the REA (with a required copy to Landlord), (ii) Tenant,
together with Landlord, is named as a co insured under any insurance policies required to be maintained by any other party under the REA, (iii) Tenant, together with Landlord, is afforded the benefit of all rights, easements, licenses and
benefits afforded to the Premises under the REA, and (iv) Tenant is able to directly enforce and audit the REA and to directly exercise all rights and remedies in connection with any breach of the REA by any other party. 

9.05 Intentionally Omitted. 

9.06 Warranties. Landlord hereby assigns, without recourse or warranty whatsoever, to Tenant (to the extent assignable), (a) all
claims against third parties for damages to the Premises to the extent that such damages are Tenant’s responsibility to repair pursuant to the provisions of this Lease, and (b) all warranties, guaranties and indemnities, express or
implied, and similar rights which Landlord may have against any manufacturer, seller, engineer, contractor or builder in respect of the Premises, including, but not limited to, any rights and remedies existing under contract or pursuant to the
Uniform Commercial Code (collectively, the “Warranties”). Tenant shall take all commercially reasonable action necessary to preserve the rights under the Warranties assigned hereunder. Upon the occurrence of a Default and the
Landlord’s exercise of its remedies under Section 16.02 hereof or the expiration or sooner termination of this Lease, the Warranties shall automatically revert to Landlord. The foregoing provision of reversion shall be
self-operative and no further instrument of reassignment shall be required. 

  
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 ARTICLE 10. 

RIGHTS RESERVED TO LANDLORD 

Landlord reserves the right, exercisable without notice and without liability to Tenant for damage or injury to property, Person or business
and without effecting an eviction or disturbance of Tenant’s use or possession or giving rise to any claim for setoff or abatement of rent or affecting any of Tenant’s obligations under this Lease, (a) at any time during the one
hundred twenty (120) days prior to the expiration of the Term, to exhibit the Premises at reasonable hours upon prior notice to Tenant and giving Tenant the opportunity to have its representative accompany the group performing such exhibition,
and (b) to decorate, remodel, repair, alter or otherwise prepare the Premises for re-occupancy at any time after a Default by Tenant under this Lease and Tenant surrenders the Premises to Landlord. 

ARTICLE 11. 
 ALTERATIONS

 11.01 Alterations. Tenant shall have the sole and complete right and authority, without Landlord’s consent or
approval but subject to the provisions contained in any REAs [and the Overlease] relating to alterations, to alter or change the Premises in any way, including, without limitation, dividing the Premises (excluding any subdivision of any land) and
adding additional signage; provided that (i) Tenant gives Landlord prior written notice of any material alterations, and (ii) at any one time Tenant may not make any proposed structural alterations to the Premises in excess of Two Million
Four Hundred Thousand Dollars ($2,400,000) per Lease Year, increased annually based on increases in the CPI (the “Alteration Cap”), without Landlord’s prior written consent, which consent shall not be unreasonably, withheld,
conditioned or delayed, it being understood, however, that the refusal or failure of Landlord’s Mortgagee to grant consent (to the extent required and applicable) to the alterations shall be a reasonable basis for Landlord to withhold its
consent. For the purposes of this Lease, the term “structural” shall mean the roof, foundation or load-bearing walls of any Building. In addition, Tenant shall not demolish, replace or materially alter any structural or non-structural portions of any Building or any other improvements located on the Premises, or any part thereof, or make any addition thereto, whether voluntary or in connection with a repair or Restoration (as
defined in Section 14.01) required by this Lease (collectively, the “Capital Improvement”), unless Tenant shall comply with the following requirements: 

(a) Each Capital Improvement, when completed, shall be of such a character as not to materially reduce the value of the Premises below its
value immediately before construction of such Capital Improvement was commenced; 
 (b) Each Capital Improvement shall be made with
reasonable diligence (subject to Force Majeure) and in a good and workmanlike manner and in compliance with all applicable permits and authorizations and, as applicable, any of the REAs [and the Overlease]. No Capital Improvement shall impair the
safety or structural integrity of the applicable Building; 

  
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 (c) In connection with the construction of any Capital Improvement, the Premises and the assets
of Landlord shall (subject to the provisions of Article 26) at all times be free of liens for work, services, labor and materials supplied or claimed to have been supplied to the Premises; 

(d) No structural Capital Improvement shall be undertaken without obtaining the insurance required by Section 6.01
hereof, and “all risk” builder’s risk property insurance for the full replacement cost of the subject Capital Improvement on a completed value basis; 

(e) No Capital Improvement shall be undertaken until Tenant shall have procured and paid for, insofar as the same may be required from time to
time, all permits and authorizations of all governmental authorities for such Capital Improvement. Landlord shall join in the application for such permit or authorization and cooperate with Tenant and execute any additional documents as may be
necessary to allow Tenant to complete the alterations and changes, provided it is made without cost, liability, obligation or expense to Landlord. Tenant agrees that it will defend, indemnify and hold harmless the Landlord Indemnified Parties from
and against any and all Losses arising from or related to construction of any Capital Improvements and any failure to comply with the requirements in connection with a Capital Improvement as described in this Section; and 

(f) All Capital Improvements shall be deemed a part of the Premises and, except as set forth in Section 7.02, belong
to Landlord at the expiration or early termination of the Term, and Tenant shall execute and deliver to Landlord such instruments as Landlord may require to evidence the ownership by Landlord of such Capital Improvements. 

Upon completion of the Capital Improvements, Tenant shall promptly provide Landlord with (1) an architect’s certificate certifying
that the Capital Improvements have been completed in conformity with the plans and specifications therefor (if the alterations are of such a nature as would customarily require the issuance of such certificate from an architect), (2) a certificate
of occupancy (if the alterations are of such a nature as would require the issuance of a certificate of occupancy under applicable Laws), and (3) any other documents or information reasonably requested by Landlord. 

ARTICLE 12. 
 ASSIGNMENT
AND SUBLETTING5 
 12.01 Assignment. (a) [Subject to Section 12.07 below,] (i) Tenant shall have
the right to assign or transfer this Lease, in whole but not in part, or any interest hereunder, without Landlord’s consent or approval and (ii) Tenant shall have the right to assign or transfer this Lease, in part, upon the express
written consent of Landlord, to be given in its sole discretion, so long as, with respect to any assignment under clause (i) and (ii), Tenant shall remain liable under this Lease and any separate lease entered into by and between Landlord and
Tenant in connection with any such assignment or transfer.. Upon the occurrence of any assignment of the Premises by Tenant: (1) Tenant shall provide to Landlord notice thereof, along with a copy of such assignment and, if applicable, an
officer’s certificate of Tenant, in the form attached hereto 
  

	5 	References to 12.07 to be deleted if new Landlord is not a REIT 

  
 18 

 as Schedule 12.01, certifying that the conditions set forth in Section 12.01(b)
below have been satisfied; and (2) Landlord shall enter into a separate lease with assignee as to the Premises upon substantially the same terms and conditions as this Lease, including, without limitation, (A) the base rent is equal to or
greater than the Base Rent under this Lease, (B) the lease term for such assignment is at least equal to the then remaining Term, and (C) the use of the Premises will not violate any Laws or REAs [or the Overlease]. 

(b)    Notwithstanding any provision contained in Section 12.01(a), [but subject to
Section 12.07 below,] as to any assignment or transfer of this Lease in whole, Tenant’s obligations under this Lease shall terminate entirely and, except for any liabilities of Tenant which accrued prior to the date of
assignment, Tenant shall be released of any liability under this Lease so long as the following requirements are met: (i) the assignee has an investment rating of “BBB” or better from Standard and Poor’s (or an equivalent rating
or shadow rating from another nationally recognized statistical rating service), or (ii) at the time of the proposed assignment, the assignee (1) has a tangible net worth as determined in accordance with generally accepted accounting
principles consistently applied (“Tangible Net Worth”) of at least Fifty Million Dollars ($50,000,000), and (2) meets or exceeds an EBITDAR Ratio (calculated on a trailing twelve (12) month basis at the time of such test)
(as defined in Section 30.06(c)) of 1.60 to 1, and (3) has an annual revenue of at least Six Hundred Million Dollars ($600,000,000), or (iii) the assignee has a Tangible Net Worth of at least Two Hundred Fifty Million
Dollars ($250,000,000); provided, however, that Tenant may satisfy any one of the foregoing conditions of assignee by providing, or causing to be provided, a guaranty agreement, in form and substance reasonably acceptable to and approved by
Landlord, in writing, such approval not to be unreasonably withheld or delayed, which guaranty shall be from an entity that meets the requirements of (i), (ii) or (iii) set forth above in this Section 12.01(b). 

12.02 Change of Control. The following transactions, transfers or changes in control or ownership of Tenant shall not constitute
an assignment under the terms of this Lease: (a) a transfer of Tenant’s entire interest in this Lease to any entity in connection with intercompany corporate transfers whose ownership is controlled by Tenant or Tenant’s parent or
ultimate parent; (b) a transfer of Tenant’s entire interest in this Lease to any entity which has the power to direct Tenant’s management and operation, or any entity whose management and operation is controlled by Tenant or
Tenant’s parent or ultimate parent or is under common control with Tenant or Tenant’s parent or ultimate parent; (c) a transfer of Tenant’s entire interest in this Lease to any entity, a majority of whose voting rights are owned
by Tenant or Tenant’s parent or ultimate parent; (d) a transfer to any entity into which or with which Tenant, its successors or assigns, is merged or consolidated, in accordance with applicable statutory provisions of merger or
consolidation of entities, so long as the liabilities of the entities participating in such merger or consolidation are assumed by the entity surviving such merger or created by such consolidation; (e) a sale of substantially all of the stock of
Tenant; (f) a sale of substantially all of the assets of Tenant to a single entity that expressly assumes this Lease; (g) a similar intercompany transaction to those described in (a), (b) or (c) above; or (h) a similar corporate
transaction to those described in (d), (e) and (f) above. With respect to each of the transactions described in items (a), (b), (c) and (g) above of this Section, Tenant shall remain liable under this Lease. With respect to each of the
transactions described in items (d), (e), (f) and (h) above of this Section, Tenant’s obligations under this Lease shall terminate entirely and Tenant shall be released of any liability under this Lease, except for any liabilities of
Tenant which accrued prior to the date of such transaction. 

  
 19 

 12.03 Subletting and Non-Disturbance.
[Subject to Section 12.07 below, ]Tenant shall have the right to sublet the Premises or any portion thereof, without Landlord’s consent or approval, so long as Tenant shall remain liable under this Lease and Tenant
delivers notice thereof to Landlord along with a copy of any such sublease. Upon the request of Tenant from time to time, if (a) the terms of a sublease were negotiated on an arm’s length basis with a third party not affiliated with
Tenant; (b) the base minimum rent per square foot of the Premises or portion thereof sublet for the term of such sublease is equal to or greater than the Base Rent per square foot of the Premises under this Lease; (c) the terms of the
sublease shall have substantially the same terms and conditions as this Lease, including, without limitation, the same lease term, rent escalations, covenants, escrows and reserves and financial reporting requirements; (d) the tenant under the
sublease at the time of the sublease (i) has an investment rating of “BBB” or better from Standard and Poor’s (or an equivalent rating or shadow rating from another nationally recognized statistical rating service) or
(ii) at the time of the proposed sublease, is a reputable, creditworthy tenant and meets or exceeds an EBITDAR Ratio (calculated on a trailing twelve (12) month basis at the time of such test) of 1.25 to 1; or (iii) at the time of the
proposed sublease, has a Tangible Net Worth of at least Twenty Five Million Dollars ($25,000,000), (provided, however, that Tenant may satisfy any one of the foregoing conditions of tenant under the sublease set forth in (d)(i), (ii) or
(iii) above by providing, or causing to be provided, a guaranty (in form and substance reasonably acceptable to and approved by Landlord in writing, such approval not to be unreasonably withheld or delayed) from an entity that meets any of the
foregoing requirements); (e) the sublease contains no other material provisions that (i) benefit the subtenant and are unusual for a “market” sublease of the type in question and (ii) are materially adverse to a landlord;
(f) Tenant provides Landlord with an officer’s certificate of Tenant certifying compliance with the criteria in subsections (a) through (e), and attaching a schedule of rent calculations and other details supporting the
certifications, in the form attached hereto as Schedule 12.03, (g) the sublease is for not less than 30,000 rentable square feet of Building space, (h) regardless of the size of the subleased space, portions of the remaining Premises
have free and unrestricted access to common areas and facilities, such as loading docks, trash/recycling facilities, restrooms and proportionate storefront visibility and (i) any such sublease does not cause a violation of any applicable Laws,
Legal Requirements, REAs [or Overleases] or cause a violation of any restrictive covenants affecting the Premises, then Landlord shall execute and deliver to such subtenant a written agreement substantially in the form attached hereto as Exhibit
D (an “NDA”), to the effect that, notwithstanding the termination of this Lease or Tenant’s possessory and other rights and obligations under this Lease by Landlord, so long as such subtenant shall continue to observe and
perform all of its obligations under a sublease, such subtenant and the rights of subtenant under any sublease shall not be disturbed by Landlord but shall continue in full force and effect, Landlord shall assume the obligations of the landlord
under the sublease and no Default under this Lease shall apply to any such sublease. For avoidance of doubt, the payment by Tenant to a subtenant of a tenant allowance at the execution of the sublease shall not be considered unusual. In the event of
a termination of this Lease, any sublease for which a NDA has been executed and delivered by Landlord shall continue in full force and effect as a direct lease between Landlord and subtenant, subject to the terms of such NDA. Landlord agrees to
execute, and to use commercially 

  
 20 

 reasonable efforts to cause its Mortgagee to execute, such documentation as may be reasonably required to
effectuate the non-disturbance contemplated herein, including, without limitation, estoppel letters, recognition agreements and a non disturbance agreement, substantially in the form attached hereto as
Exhibit D. 
 12.04 Assignment by Landlord. 

(a) As a material inducement to Landlord’s willingness to complete the transactions contemplated by this Lease (the
“Transaction”), Tenant hereby agrees that Landlord may, from time to time and at any time and without the consent of Tenant, engage in all or any combination of the following, or enter into agreements in connection with any of the
following or in accordance with requirements that may be imposed by applicable securities, tax or other Laws: the sale, assignment, grant, conveyance, transfer, financing, refinancing, purchase or
re-acquisition in whole or in part, of the Premises or this Lease, Landlord’s right, title and interest in this Lease, the servicing rights with respect to any of the foregoing, or participations in any
of the foregoing, provided, however, in no event may Landlord disclose or permit the disclosure of the financial information described in Section 31.17(c) (except as otherwise provided therein) to any potential purchaser,
assignee, transferee or lender that owns or can direct the management, directly or indirectly, of five (5) or more commonly managed retail locations. Without in any way limiting the foregoing, the parties acknowledge and agree that Landlord, in
its sole discretion, may assign this Lease or any interest herein to another Person (including without limitation, a taxable REIT subsidiary) in order to maintain Landlord’s or any of its affiliates’ status as a REIT (if applicable). In
the event of any such sale or assignment other than a security assignment, Tenant shall attorn to such purchaser or assignee (so long as Landlord and such purchaser or assignee notify Tenant in writing of such transfer and such purchaser or assignee
expressly assumes in writing the obligations of Landlord hereunder). At the request of Landlord, Tenant will execute such documents confirming the sale, assignment or other transfer and such other agreements as Landlord may reasonably request,
provided that the same do not increase the liabilities and obligations, or decrease the rights, of Tenant hereunder in any manner whatsoever, and Landlord shall reimburse the reasonable costs and expenses incurred by Tenant related to the execution
and delivery of such documents, provided that such costs and expenses are in excess of the costs and expenses Tenant may incur in connection with the performance of its obligations under this Lease. Landlord shall be relieved, from and after the
date of such transfer or conveyance, of liability for the performance of any obligation of Landlord contained herein, except for any obligations or liabilities accrued prior to the date of such assignment or sale. 

(b) [In connection with any sale by Landlord of the Premises and assignment of this Lease to the buyer in connection with such sale, Tenant
shall execute, deliver and notarize, where applicable (or cause to be executed, delivered and notarized, as applicable) to Landlord each of the following documents (collectively, the “Landlord Assignment Documents”) within
(7) Business Days after written request from Landlord (A) a new guaranty, in favor of Landlord’s assignee substantially in the form of the Guaranty, (B) a subordination, non-disturbance and
attornment agreement that may be requested by Landlord’s assignee’s lenders, substantially and materially in the form attached hereto as Exhibit E, (C) an estoppel letter that may be requested by Landlord’s assignee or its
lenders, or both, substantially and materially in the form of Exhibit C, and (D) a memorandum of lease substantially in the form of Exhibit G 

  
 21 

 between Landlord’s assignee and Tenant. Without limiting the foregoing, Tenant agrees to cooperate
reasonably with Landlord in connection with any such assignment at Landlord’s sole cost and expense. Without limiting Section 31.04, from and after the effective date of any such Landlord assignment, Landlord shall be
automatically released (without need for any further agreement or other document) from any liability thereafter arising with respect to the Premises covered thereby but shall not be released for liabilities that arose or existed prior with respect
thereto (unless Landlord’s assignee fully assumes all such liabilities). Landlord agrees to deliver to Tenant fully-executed (and, where applicable, notarized) copies of each of the Landlord Assignment Documents within seven (7) Business
Days after the consummation of any sale of the Premises.] 
 [In the event that from time to time Landlord desires to assign partially its interest in this
Lease with respect to one or more Property Locations (including without limitation to one or more Control Affiliates of Landlord) (a “Landlord Assignment Transaction”), then, subject to the terms of this Section 12.04(b), (i)
Landlord shall prepare a landlord assignment lease agreement (or landlord assignment lease agreements, in Landlord’s discretion) in the form of Exhibit K attached hereto with respect to any such Property Locations (each, a
“Landlord Assignment Lease Agreement”); (ii) upon the assignment by Landlord, this Lease shall be amended to exclude any such Property Locations from this Lease, and the Base Rent hereunder shall be reduced by aggregate of the Base
Rent Allocations for such Property Locations; and (iii) the initial base rent payable under any Landlord Assignment Lease Agreement shall equal the aggregate of the Base Rent Allocations of the Property Locations demised under such Landlord
Assignment Lease Agreement. In such event, Tenant shall deliver two (2) counterpart executed originals of any such new Landlord Assignment Lease Agreement within seven (7) Business Days after delivery by Landlord to Tenant of a complete
and accurate execution version of such Landlord Assignment Lease Agreement (the “Landlord Assignment Lease Agreement Return Date”). In addition, Landlord shall deliver and Tenant shall execute, deliver and notarize, where
applicable (or cause to be executed, delivered and notarized, as applicable) to Landlord two (2) originals of each of the following documents (collectively, the “Additional Landlord Assignment Documents”) within
(7) Business Days after written request from Landlord (the “Additional Landlord Assignment Documents Return Date”) with respect to such Landlord Assignment Lease Agreement: (A) a new guaranty substantially and materially
in the form of Exhibit L for the benefit of Landlord’s assignee, (B) a subordination, non-disturbance and attornment agreement that may be requested by Tenant or Landlord’s
assignee’s lenders, substantially and materially in the form attached hereto as Exhibit E (the “Assignment SNDA”), (C) a Landlord Agreement that may be requested by Tenant or its lenders, substantially and materially in
the form attached hereto as Exhibit F (“Assignment Landlord Agreement”), (D) an estoppel letter that may be requested by Landlord’s assignee or its lenders, or both, substantially and materially in the form
of Exhibit C, (E) a memorandum of lease substantially and materially in the form of Exhibit G regarding the Landlord Assignment Lease Agreement, (F) an amendment to this Lease removing the applicable Property Locations and
reducing Base Rent hereunder as provided herein substantially and materially in the form attached hereto as Exhibit O, and (G) a termination of any memorandum of lease regarding this Lease that encumbers any of the applicable Property
Locations substantially and materially in the form attached hereto as Exhibit P. Without limiting the foregoing, Tenant agrees to cooperate reasonably with Landlord in connection with any such assignment at Landlord’s sole cost and
expense. Without limiting 

  
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 Section 31.04, from and after the effective date of any such Landlord Assignment Lease
Agreement, Landlord shall be automatically released (without need for any further agreement or other document) from any liability thereafter arising with respect to the Property Locations covered thereby but shall not be released for liabilities
that arose or existed prior with respect thereto (unless Landlord’s assignee fully assumes all such liabilities). In no event shall Landlord have any liability under any Landlord Assignment Lease Agreement. Tenant agrees that any Landlord
Assignment Agreement may be, in Landlord’s sole discretion, a “master lease” agreement covering multiple Property Locations, which Landlord Assignment Lease agreement may include, in Landlord’s sole discretion alternative
provisions as described in notes to the form of Landlord Assignment Lease Agreement attached hereto as Exhibit K. In addition, any Landlord assignee that is a Landlord’s Control Affiliate may, in its sole discretion, elect to conform the
terms of such Landlord Assignment Lease Agreement (other than base rent thereunder) covering five (5) or more Property Locations to this Lease, rather than to the form of Landlord Assignment Lease Agreement attached hereto as Exhibit K.
.. (As used herein, “Control Affiliate” means, in relation to any Person, any other Person directly or indirectly controlling, controlled by, or under common control with, the first Person. For purposes of this definition,
“control” (including with correlative meanings, the terms “controlling”, “controlled by” and “under common control with”) means the possession directly or indirectly of the power to direct or cause the
direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise). In addition, if Tenant reasonably determines that any initial base rent to be paid under any Landlord Assignment
Lease Agreement or the remaining Base Rent to be paid under this Lease would result in such Landlord Assignment Lease Agreement or this Lease being treated as a capital lease under GAAP as of the date of the consummation of the applicable Landlord
Assignment Transaction (and such Landlord Assignment Lease Agreement or this Lease, as applicable, would not otherwise be treated as a capital lease under GAAP) (“Capital Lease Treatment”), Tenant may notify Landlord of same prior
to the earlier of (u) five (5) Business Days following delivery by Landlord to Tenant of any complete and accurate execution version of any Landlord Assignment Lease Agreement, or (v) five (5) Business Days following any written request
from Landlord to Tenant for Tenant’s reasonable determination whether or not any initial base rent described in such request under any proposed Landlord Assignment Lease Agreement described in such request would result in Capital Lease
Treatment for such Landlord Assignment Lease Agreement or this Lease. After receiving any such notice from Tenant, Landlord may elect, in its sole discretion, to either (AA) reasonably negotiate with Tenant a reduced initial base rent amount that
will not directly result in Capital Lease Treatment for such Landlord Assignment Lease Agreement or this Lease, in which event such reduction in initial base rent shall be reflected in the applicable Landlord Assignment Lease Agreement, and the Base
Rent and Base Rent Allocations hereunder shall also be adjusted hereunder as Landlord and Tenant may reasonably determine (and evidenced by a written amendment hereto by and between Landlord and Tenant), including without limitation such that at the
consummation of such Landlord Assignment Transaction the Base Rent hereunder plus the amount of such initial base rent under such Landlord Assignment Lease Agreement plus the initial base rents any other Landlord Assignment Lease Agreements that are
a part of such Landlord Assignment Transaction equals the Base Rent hereunder immediately preceding such Landlord Assignment Transaction, or (BB) modify, in a manner reasonably acceptable to Tenant, the Landlord Assignment Lease Agreement, such that
it expressly evidences an assignment of a portion of this Lease as of the date of the consummation 

  
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 of such Landlord Assignment Transaction, rather than a new and separate lease commencing as of the date of the
consummation of such Landlord Assignment Transaction (either such adjusted or modified Landlord Assignment Lease Agreement referenced in clause (AA) or (BB) to be hereinafter referred to as a “Replacement Landlord Lease Assignment
Agreement”). Without limiting any other obligation herein (including without limitation Tenant’s obligation under clause (v) in this subsection (b) above or clause (AA) or (BB) in this subsection (b) above), Landlord
agrees that if Tenant notifies Landlord of Tenant’s reasonable determination of Capital Lease Treatment for any Landlord Assignment Lease Agreement or this Lease within five (5) Business Days after Landlord has delivered to Tenant a
complete and accurate execution version thereof, Tenant shall not have any obligation, and shall not be required, to execute and deliver such Landlord Assignment Lease Agreement or the related Additional Landlord Assignment Documents to Landlord
(provided, however, that the foregoing shall not limit Tenant’s obligation to deliver to Landlord two (2) executed counterparts of any complete and accurate execution version of any Replacement Landlord Assignment Lease Agreement delivered
by Landlord to Tenant hereunder, or any other related Additional Landlord Assignment Documents, in connection with a Landlord’s election described in clause (AA) or (BB) above, within seven (7) Business Days after delivery of such documents by
Landlord to Tenant (which seventh (7th) Business Day shall be the Landlord Assignment Lease Agreement Return Date or Additional Landlord Assignment Documents Return Date, respectively, for such documents). Landlord agrees to obtain and deliver to
Tenant within one (1) Business Day after the consummation of any Landlord Assignment Transaction fully-executed (and, where applicable, notarized) versions of any Assignment SNDA and Assignment Landlord Agreement (each as applicable) as a
condition to the effectiveness of such Landlord Assignment Transaction. Landlord will provide to Tenant copies of each Landlord Assignment Lease Agreement, and other Additional Landlord Assignment Documents each within seven (7) Business Days
after the consummation of the applicable Landlord Assignment Transaction]6 
 12.05 Intentionally Omitted.7 
 12.06 Concessionaires. Notwithstanding anything herein to the contrary,
Tenant shall have the right, without Landlord’s consent or approval, to sublease or license any portion of the Premises to concessionaires consistent with Tenant’s typical store operations; provided that the term of such sublease or
license shall not extend beyond the period that ends one day before the expiration of the Term. In addition, Tenant shall deliver to Landlord from time to time a true, correct and complete list of any such subleases or licenses encumbering the
Premises within ten (10) days’ after written request therefor from Landlord. 
 12.07 [Limits on Assignment, Subletting and
Substitution.8 Tenant shall not have the right to assign, sublet, or license, or grant any similar right regarding all or any portion of any Property Location unless Tenant
shall have provided to Landlord, immediately prior to the effective date of such assignment, sublease, license, or similar agreement, an officer’s certificate (the “Assignment or Sublease Officer’s
Certificate”) signed by an officer of the assignee, 
  

	6 	Use bracketed version as alternative provision for master leases covering five or more properties 

	7 	If the breakout lease is a master lease of five (5) or more properties, reinsert 12.05 from the Amended and Restated Master Lease 

	8 	Use bracketed language only if breakout lease Landlord is a REIT. 

  
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 sublessee, licensee or similar occupant, as the case may be, certifying that none of the parties identified by
Landlord as a ten percent (10%) or more shareholder of Landlord (on a written list certified by Landlord and to be provided to Tenant following the request of Tenant in connection with any proposed assignment, sublease, license or similar agreement)
owns, directly or, to the assignee’s, sublessee’s, licensee’s or similar occupant’s actual knowledge after such assignee, sublessee, licensee or similar occupant has made inquiry of its officer or similar person that is
responsible for maintaining records regarding the direct ownership of such assignee, sublessee, licensee or similar occupant, indirectly, (1) ten percent (10%) or more of the total combined voting power of all classes of voting capital stock of
the assignee, sublessee, licensee or similar occupant, as the case may be, or (2) ten percent (10%) or more of the total value of all classes of capital stock of the assignee, sublessee, licensee or similar occupant, as the case may be.
Landlord shall provide the written list described in the preceding sentence within five (5) business days of written request therefor by Tenant and, in the absence of timely provision of such list, such officer’s certificate shall be based on
the latest written list delivered by Landlord to Tenant.] 
 ARTICLE 13. 

WAIVER OF CERTAIN CLAIMS; INDEMNITY BY TENANT 

13.01 Waiver of Certain Claims. Except as otherwise required under applicable law or to the extent of Landlord’s willful
wrongful acts or gross negligence (provided that the term “gross negligence” used throughout this Article 13 shall not include gross negligence imputed as a matter of law to any of the Landlord Indemnified Parties solely by reason
of Landlord’s interest in the Premises or Tenant’s failure to act in respect of matters which are or were the obligation of Tenant under this Lease), but in all events, subject to the waiver of claims and subrogation set forth in this
Lease, the Landlord Indemnified Parties shall not in any event whatsoever (a) be liable for any injury or damage to Tenant or any third party happening in, on or about the Premises, nor for any injury or damage to the Premises or to any
property belonging to Tenant (including Tenant’s Personalty) or any third party which may be caused by any fire, breakage or other Casualty Event, or by any other cause whatsoever or by the use, misuse or abuse of any of the Buildings or any
other improvements at the Premises or which may arise from any other cause whatsoever; nor (b) be liable to Tenant or any third party for any failure of water supply, gas, telephone or electric current, nor for any injury or damage to any
property of Tenant (including Tenant’s Personalty) or to the Premises caused by or resulting from gasoline, oil, steam, gas or electricity or hurricane, tornado, flood, wind or similar storms or disturbances, or water, rain, sleet, ice or snow
which may leak or flow from the street, sewer, gas mains or subsurface area or from any part of the Premises, or leakage of gasoline or oil from pipes, storage tanks, appliances, sewers or plumbing works therein, or from any other place or from any
other cause, nor for interference with light or other incorporeal hereditaments by anybody, or caused by any public or quasi-public work. 

13.02 Tenant Responsible for Personal Property. All Tenant’s Personalty and other personal
property belonging to any occupant of the Premises that is in the applicable Building or the remainder of the Premises shall be there at the risk of Tenant or other Person only, and Landlord shall not be liable for damage thereto or theft or
misappropriation thereof. 

  
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 13.03 Indemnification. 

(a) Tenant agrees to use and occupy the Premises at its own risk and hereby releases the Landlord Indemnified Parties from all claims for any
damage to the full extent permitted by law. Except to the extent of Landlord’s willful wrongful acts or gross negligence and without in any way limiting Tenant’s other indemnification obligations under this Lease (including without
limitation, those set forth in Sections 9.04, 11.01(e), 25.08 and 32.01), Tenant shall (promptly as incurred or upon demand by any Landlord Indemnified Party) indemnify, save, protect, defend and hold harmless Landlord
and any agent, beneficiary, representative, contractor, manager, member, director, employee, Mortgagee, officer, director, parent, partner, shareholder, trustee, affiliate, subsidiary, participant, successors and assigns of Landlord (collectively,
with Landlord, the “Landlord Indemnified Parties”, and each, a “Landlord Indemnified Party”) from and against any and all liabilities, suits, obligations, fines, damages, penalties, claims, costs, charges and
expenses, including, without limitation, reasonable engineers’, architects’ and attorneys’ fees, court costs and disbursements, which may be imposed upon or incurred by any Landlord Indemnified Party during or after (but attributable
to a period of time falling within) the Term caused by, incurred or resulting from Tenant’s operations or Tenant’s use and occupancy of the Premises, whether relating to its original design or construction, latent defects, alteration,
maintenance, use by Tenant or any Person thereon. 
 (b) Landlord shall indemnify, save, protect, defend and hold harmless Tenant and any
agent, beneficiary, representative, contractor, manager, member, director, employee, Leasehold Mortgagee, officer, director, parent, partner, shareholder, trustee, affiliate, subsidiary, participant, successors and assigns of Tenant (collectively
the “Tenant Indemnified Parties” and each, a “Tenant Indemnified Party”; the Tenant Indemnified Party and the Landlord Indemnified Party shall be collectively called the “Indemnified Party”)
harmless from and against any and all liabilities, suits, obligations, fines, damages, penalties, claims, costs, charges and expenses, including, without limitation, reasonable engineers’, architects’ and attorneys’ fees, court costs
and disbursements, which may be imposed upon or incurred by or asserted against any Tenant Indemnified Party by reason of any willful wrongful act or gross negligence by Landlord pursuant to or in connection with this Lease or Landlord’s
repossession of the Premises. 
 (c) The obligations of Tenant and Landlord under this Article 13 shall not be affected in any way by
the absence in any case of covering insurance or by the failure or refusal of any insurance carrier to perform any obligation on its part under insurance policies affecting the Premises or any part thereof. 

(d) If any claim, action or proceeding is made or brought against any Indemnified Party against which it is indemnified pursuant to this
Section 13.03, then, upon demand by any Indemnified Party, the other party shall resist or defend such claim, action or proceedings in the Indemnified Party’s name, if necessary, by the attorneys for the insurance
carrier (if such claim, action or proceeding is covered by insurance), otherwise by such attorneys as the Indemnified Party shall approve, which approval shall not be unreasonably withheld or delayed. 

  
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 (e) Any indemnity payments due to Landlord from Tenant hereunder that are attributable to
liabilities, fixed or contingent, known or unknown (i) that existed as of the Effective Date, or relate to periods prior to and including the Effective Date, or (ii) to which the Premises were subject as of the Effective Date, or that
existed prior the date hereof and ran with the Premises and became a liability of the Landlord as the transferee or assignee of the previous owner of the Premises, shall not be treated as additional rent or other gross income of the Landlord for
federal income tax purposes but as an adjustment to the Landlord’s adjusted basis in the Premises, which adjusted basis shall, prior to the receipt by Landlord of such indemnity payments, be deemed to include the amount of such liabilities.
Tenant agrees that it will take no position inconsistent herewith for federal income tax purposes. 
 (f) The provisions of this
Section 13.03 shall survive for a period of five (5) years after the Expiration Date or earlier termination of this Lease. 

ARTICLE 14. 
 USE OF
CASUALTY INSURANCE PROCEEDS 
 14.01 Tenant’s Obligation to
Restore. 
 If all or any part of the improvements on the Premises shall be destroyed or damaged in whole or in part by
fire or other casualty (whether or not insured) of any kind or nature, ordinary or extraordinary, foreseen or unforeseen (a “Casualty Event”), Tenant shall give Landlord prompt written notice thereof, and Tenant, with reasonable
diligence (subject to Force Majeure and Section 14.03 below), shall repair, alter, restore, replace and rebuild (collectively, “Restore” or “Restoration”) the same, as nearly as practicable
to the character of the improvements on the Premises existing immediately prior to such Casualty Event, and in no event shall Landlord be called upon to Restore the improvements on the Premises, as now or hereafter existing, or any portion thereof
or to pay any of the costs or expenses thereof. If Tenant is required to but shall fail or neglect to Restore with reasonable diligence (subject to Force Majeure and Section 14.03 below) the improvements on the Premises or
the portion thereof damaged or destroyed, or, having so commenced such Restoration, shall fail to complete the same with reasonable diligence (subject to Force Majeure) in accordance with the terms of this Lease, Landlord may (but shall not be
obligated to), after thirty (30) days’ prior written notice to Tenant and Tenant’s failure to commence or re-commence such Restoration, complete such Restoration at Tenant’s expense, the
costs for which Tenant shall be obligated to reimburse Landlord and until paid shall accrue Default Interest. 
 In the event the insurance
proceeds after deduction of reasonable costs and expenses, if any, incurred by Tenant, Landlord or a Mortgagee in collecting the same (collectively, “Net Insurance Proceeds”) of any Casualty Event are less than One Million Two
Hundred Thousand Dollars ($1,200,000), increased annually based on increases in the CPI (the “Restoration Threshold”), Landlord shall disburse, or cause to be disbursed, to Tenant such Net Insurance Proceeds. In the event the Net
Insurance Proceeds are greater than the Restoration Threshold, Landlord shall use commercially reasonable efforts to disburse or cause Mortgagee to disburse such Net Insurance Proceeds within ten (10) days upon Landlord being furnished with (a)
evidence reasonably satisfactory to Landlord of the estimated cost of completion of the Restoration, (b) such architect’s certificates, waivers of lien, contractor’s sworn statements, mortgagee’s title insurance endorsements,
bonds, plats of survey, permits, approvals, licenses and such other documents and items as Landlord may reasonably require and approve in 

  
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 Landlord’s reasonable discretion, and (c) all plans and specifications for such Restoration, such plans
and specifications to be approved by Landlord prior to commencement of any work, which approval shall not be unreasonably withheld, conditioned or delayed; provided, that, in any event, Landlord shall use commercially reasonable efforts to
diligently provide or cause Mortgagee to diligently provide its written approval or disapproval (with reasons of sufficient specificity to allow Tenant to correct the reasonable objection) following Landlord’s receipt of such plans and
specifications. Landlord may, at Tenant’s reasonable expense, retain a consultant to review and approve all requests for disbursements, which approval shall also be a condition precedent to any disbursement, which approval shall not be
unreasonably withheld, conditioned or delayed; provided, that, in any event, Landlord shall use commercially reasonable efforts to cause the consultant to diligently provide its written approval or disapproval (with reasons of sufficient specificity
to allow Tenant to correct the reasonable objection) following such consultant’s and/or Landlord’s receipt of Tenant’s request for disbursement. No payment made prior to the final completion of the Restoration shall exceed ninety
percent (90%) of the value of the work performed; funds other than the Net Insurance Proceeds shall be disbursed prior to disbursement of such Net Insurance Proceeds; and at all times, the undisbursed balance of such Net Insurance Proceeds then held
by Landlord, together with funds deposited for that purpose or irrevocably committed to the reasonable satisfaction of Landlord by or on behalf of Tenant for that purpose, shall be at least sufficient in the reasonable judgment of Landlord to pay
for the cost of completion of the Restoration, free and clear of all liens or claims for a lien. Prior to the disbursement of any portion of the Net Insurance Proceeds, Tenant shall provide evidence reasonably satisfactory to Landlord of the payment
of Restoration expenses by Tenant up to the amount of the insurance deductible applicable to such Casualty Event. Landlord shall be entitled to keep any portion of the Net Insurance Proceeds which may be in excess of the cost of Restoration, and
Tenant shall bear all additional costs and expense of such Restoration in excess of the Net Insurance Proceeds. Notwithstanding anything in this Section 14.01 to the contrary, if, at the time of a Casualty Event, Tenant
fails to meet an EBITDAR Ratio of 1.15 to 1 calculated on a trailing twelve (12) month basis at the time of such test, then Landlord shall have the right after the Casualty Event to withhold the applicable insurance proceeds for the Restoration
if, at Mortgagee’s election, Mortgagee desires to apply the insurance proceeds relating to such Casualty Event to the payment of Landlord’s Mortgage (a “Casualty Withholding Event”). Promptly upon Landlord’s receipt
of notice from Mortgagee of a Casualty Withholding Event (provided that Landlord shall use commercially reasonable efforts to cause Mortgagee to notify it as soon as possible of a decision), Landlord shall provide written notice thereof to Tenant.

 14.02 No Abatement of Rent. Except as otherwise provided in Sections 14.03 below, this Lease shall not terminate, be
forfeited or be affected in any manner, nor shall there be any reduction or abatement of the Rent payable hereunder, by reason of damage to or total, substantial or partial destruction of any Building or any part thereof or the improvements on the
Premises or any part thereof, or by reason of the untenantability of the same or any part thereof, for or due to any reason or cause whatsoever, and Tenant, notwithstanding any law or statute present or future, waives any and all rights to quit or
surrender the Premises or any part thereof; and Tenant’s obligations hereunder, including without limitation, the payment of Rent hereunder, shall continue as though the improvements on the Premises had not been damaged or destroyed and without
abatement, suspension, diminution or reduction of any kind. 

  
 28 

 14.03 Right to Terminate. Notwithstanding any other provision to the contrary
contained in this Article 14, in the event that, as a result of such a Casualty Event, (a) Tenant shall reasonably estimate in the exercise of good faith business judgment that (i) the Premises cannot be used for the same purpose
and substantially with the same utility as before such Casualty Event, or (ii) it will be unable to use the Premises for the customary operation of Tenant’s business for more than (1) one (1) year, or (2) one hundred twenty
(120) days if such Casualty Event has occurred in the last two (2) years of the Term or any extension of the Term, or (b) Landlord elects not to provide the insurance proceeds from any Casualty Event to Tenant in accordance with a
Casualty Withholding Event under Section 14.01, then, subject to the terms and conditions hereinafter set forth, Tenant shall have the right, exercisable by written notice given to Landlord no later than thirty
(30) days following such Casualty Event, to cause Landlord to terminate this Lease and, following such termination, Tenant shall have no further responsibility to Landlord with respect to the Premises, except for such indemnity or other
provisions of this Lease which may survive by their terms. Such termination shall not be effective, and Tenant’s obligation to pay Rent hereunder shall continue, until and unless (A) Tenant has complied with all obligations pursuant to
Article 6 hereof, (B) Tenant has paid to Landlord all Rent and other amounts payable with respect to the Premises through the date of the Casualty Event, and (C) Tenant has paid or has caused to be paid to Landlord as its interests
may appear all insurance deductibles, and all insurance proceeds which shall have been paid to Tenant with respect to the destruction or damage of the Premises and not utilized towards the Restoration; provided, however, that Tenant shall retain
those insurance proceeds in which Landlord does not have an interest including, but not limited to, Tenant’s Personalty, and ordinary payroll insurance proceeds. 

14.04 Intentionally Omitted. 

ARTICLE 15. 
 EMINENT
DOMAIN 
 15.01 Taking: Lease to Terminate. If a substantial portion of a Building or the Premises shall be lawfully taken
as a result of the exercise of the power of eminent domain or condemned for a public or quasi-public use or purpose by any competent authority or sold to the condemning authority under threat of condemnation (collectively, a
“Condemnation”), and (a) Tenant reasonably estimates in the exercise of good faith business judgment that, as a result thereof, the Premises cannot be used for the same purpose and substantially with the same utility as before such
taking or conveyance or (b) Landlord elects not to provide the Condemnation proceeds from any Condemnation to Tenant in accordance with a Condemnation Withholding Event under Section 15.02 below, Tenant shall have the
right to cause Landlord to terminate this Lease. If this Lease is so terminated pursuant to this Section 15.01, then, upon the date of such taking of possession, Tenant shall have no further responsibility to Landlord with
respect to the Premises except for such indemnity or other provisions of this Lease which survive by their terms. Landlord shall be entitled to receive the entire Condemnation award relating to the land and improvements with respect to such taking.

  
 29 

 15.02 Taking: Lease to Continue. In the event that only a part of the Premises
shall be taken as a result of a Condemnation, and Tenant reasonably estimates in the exercise of good faith business judgment that, as a result thereof, the remainder of the Premises can be used for the same purpose and with substantially the same
utility as before such Condemnation, this Lease shall not be modified and Tenant shall promptly repair and restore the remainder of the Premises, subject to Force Majeure. In the event the proceeds of the Condemnation after deduction of any
reasonable costs and expenses, if any, incurred by Tenant, Landlord or a Mortgagee in collecting the same (collectively, “Net Condemnation Proceeds”) are less than the Restoration Threshold, Landlord shall disburse, or cause to be
disbursed, the Net Condemnation Proceeds to Tenant. In the event the Net Condemnation Proceeds are greater than the Restoration Threshold, Landlord shall use commercially reasonable efforts to disburse and/or cause Mortgagee to expeditiously
disburse such Net Condemnation Proceeds upon Landlord being furnished with (a) evidence satisfactory to Landlord of the estimated cost of completion of the repair or restoration, (b) such architect’s certificates, waivers of lien,
contractor’s sworn statements, mortgagee’s title insurance endorsements, bonds, plats of survey, permits, approvals, licenses and such other documents and items as Landlord may reasonably require and approve in Landlord’s reasonable
discretion, and (c) all plans and specifications for such repair or restoration, such plans and specifications to be approved by Landlord prior to commencement of any work, which approval shall not be unreasonably withheld, conditioned or
delayed; provided, that, in any event, Landlord shall use commercially reasonable efforts to diligently provide or cause Mortgagee to diligently provide its written approval or disapproval (with reasons of sufficient specificity to allow Tenant to
correct the reasonable objection) following Landlord’s receipt of such plans and specifications. Landlord may, at Tenant’s reasonable expense, retain a consultant to review and approve all requests for disbursements, which approval shall
not be unreasonably withheld, conditioned or delayed; provided, that, in any event, Landlord shall use commercially reasonable efforts to cause the consultant to diligently provide its written approval or disapproval (with reasons of sufficient
specificity to allow Tenant to correct the reasonable objection) following such consultant’s and/or Landlord’s receipt of Tenant’s request for disbursement. No payment made prior to the final completion of the repair or restoration
shall exceed ninety percent (90%) of the value of the work performed; funds other than the Net Condemnation Proceeds shall be disbursed prior to disbursement of such Net Condemnation Proceeds; and at all times, the undisbursed balance of such Net
Condemnation Proceeds then held by Landlord, together with funds deposited for that purpose or irrevocably committed to the reasonable satisfaction of Landlord by or on behalf of Tenant for that purpose, shall be at least sufficient in the
reasonable judgment of Landlord to pay for the cost of completion of the repair or restoration, free and clear of all liens or claims for a lien. Landlord shall be entitled to keep any portion of the net proceeds from Condemnation which may be in
excess of the cost of the repair or restoration, and Tenant shall bear all additional costs and expense of such repair or restoration in excess of the net proceeds from Condemnation. [Notwithstanding anything in this Section 15.02 to the
contrary, if, at the time of a Condemnation, Tenant fails to meet an EBITDAR Ratio of 1.15 to 1 calculated on a trailing twelve (12) month basis at the time of such test, then Landlord shall have the right after the Condemnation to withhold the
Net Condemnation Proceeds for the restoration and repair if, at Mortgagee’s election, Mortgagee desires to apply the Net Condemnation Proceeds relating to such Condemnation to the payment of Landlord’s Mortgage (a “Condemnation
Withholding Event”). Promptly upon Landlord’s receipt of notice from Mortgagee of a Condemnation Withholding Event (but not later than thirty (30) days after the Condemnation), Landlord shall provide written notice thereof to Tenant.]9 
  

	9 	Delete bracketed sentences for breakout lease but reinsert if breakout lease is a Master Lease of five (5) or more properties 

  
 30 

 15.03 No Abatement of Rent. Except as otherwise provided in
Section 15.01, this Lease shall not terminate, be forfeited or be affected in any manner, nor shall there be any reduction or abatement of the Rent payable hereunder, by reason of any Condemnation of the Premises or any
part thereof, or by reason of the untenantability of the same or any part thereof, for or due to any reason or cause whatsoever. 
 15.04
Tenant’s Claim for Reimbursement. Notwithstanding anything to the contrary in this Article 15, to the extent permitted by law, (a) Tenant shall be allowed, at its sole cost and expense, to
pursue a claim against the condemning authority that shall be independent of and wholly separate from any action, suit or proceeding relating to any award to Landlord for reimbursement of Tenant’s leasehold interest, relocation expenses or for
Tenant’s Personalty; and (b) Tenant and any Tenant Mortgagee shall have the right to participate, at their sole cost and expense, in any Condemnation proceeding affecting the Premises or any Buildings thereon; provided that such claim,
award or participation does not adversely affect or interfere with the prosecution of Landlord’s claim for the Condemnation or otherwise reduce the amount recoverable by Landlord for the Condemnation. 

ARTICLE 16. 
 DEFAULT

 16.01 Events of Default. The occurrence of any one or more of the following matters constitutes a default (each, a
“Default”) by Tenant under this Lease: 
 (a) Failure by Tenant to pay any Rent within two (2) business days after
written notice of failure to pay the same on the due date; provided, however, that Landlord shall only be obligated to provide such written notice and the two (2) business day cure period shall only be available twice every twelve
(12) month period; 
 (b) (1) Failure by Tenant to pay, within five (5) business days after written notice (i) of demand
by Landlord therefor to the extent such monies are due and payable; or (ii) of Tenant’s failure to pay the same on the due date, of any other monies required to be paid by Tenant under this Lease, including without limitation, the failure
by Tenant to pay, prior to delinquency, any Impositions, the failure of which to pay could result in the imposition of a lien against the Premises. 

(c) Failure by Tenant to observe or to perform any other material covenant, agreement, condition or provision of this Lease, if such failure
continues for thirty (30) days after written notice thereof from Landlord to Tenant or such longer time as may be reasonably required to cure because of the nature of the default (provided Tenant shall have undertaken procedures to cure the
default within such thirty (30) day period and thereafter diligently pursue such effort to completion), provided, however, that the foregoing notice obligation and cure period shall not be applicable where Tenant’s failure to observe or to
perform any other material covenant agreement, condition or provision of this Lease relates to (i) Tenant’s payment of Rent or any other monetary obligation hereunder, or (ii) a condition that would place the Premises in immediate
physical jeopardy or in immediate jeopardy of being forfeited or lost; 

  
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 (d) Intentionally omitted; 

(e) The levy upon, under writ of execution or the attachment by legal process of, the leasehold interest of Tenant or the Premises, or the
filing or creation of a lien with respect to such leasehold interest or the Premises, which lien shall not be released or discharged within ninety (90) days from the date of Landlord’s written request to release or discharge such filing;

 (f) The insolvency of Tenant or Guarantor or Tenant’s or Guarantor’s admission in writing of its inability to pay its debts as
they mature, or Tenant’s or Guarantor’s making an assignment for the benefit of creditors, or applying for or consenting to the appointment of a trustee or receiver for Tenant or for the major part of its property; 

(g) The appointment of a trustee or receiver for Tenant or Guarantor or for the major part of any of their property which is not discharged
within one hundred fifty (150) days after such appointment; 
 (h) The institution of any bankruptcy, reorganization, arrangement,
insolvency or liquidation proceedings, or other proceedings for relief under any bankruptcy law, or similar law for the relief of debtors (i) by Tenant or Guarantor or (ii) against Tenant or Guarantor and which are allowed against it or
are consented to by it or are not dismissed within one hundred fifty (150) days after such institution; 
 (i) A final, nonappealable
judgment is rendered by a court against Tenant or Guarantor which would render Tenant or Guarantor insolvent and is not discharged or provision made for such discharge by the earlier of (i) one hundred twenty (120) days from the date of
entry thereof, or (ii) execution or levy thereon; 
 (j) Intentionally Deleted; 

(k) [A default under or a breach of the terms and provisions of the Overlease with respect to the tenant thereunder (after expiration of all
applicable cure periods) caused by Tenant]; or 
 (l) The failure by Tenant to observe or perform any obligation set forth in
Section 31.17 if such failure continues for ten (10) Business Days after written notice thereof from Landlord to Tenant. 

16.02 Rights and Remedies of Landlord. If a Default occurs, Landlord shall have the rights and remedies hereinafter set forth,
which shall be distinct, separate and cumulative and which shall not operate to exclude or deprive Landlord of any other right or remedy allowed it by law or equity: 

(a) Landlord, upon ten (10) days additional prior notice to Tenant (during which time Tenant may cure the Default) with respect to any
Default set forth in Sections 16.01(b) through (k) (expressly excluding Sections 16.01(a) for which no additional notice shall be required), may terminate this Lease by giving to Tenant notice of Landlord’s election to do
so, in which event the Term shall end, and all rights, title and interest of Tenant hereunder shall expire, on the date stated in such notice; provided, however, that Landlord shall only be obligated to provide such additional written notice and the
ten (10) day cure period shall be available only twice every twelve (12) months; 

  
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 (b) Landlord, upon ten (10) days additional prior notice to Tenant (during which time Tenant
may cure the Default) with respect to any Default set forth in Sections 16.01(b) through (k) (expressly excluding Sections 16.01(a) for which no additional notice shall be required), may terminate the right of Tenant to
possession with respect to the Premises without terminating this Lease by giving notice to Tenant that Tenant’s right of possession shall end on the date stated in such notice, whereupon the right of Tenant to possession of the Premises or any
part thereof shall cease on the date stated in such notice; provided, however that Landlord shall only be obligated to provide such additional written notice and the ten (10) day cure period shall be available only twice every twelve
(12) months; 
 (c) Landlord may, to the extent not prohibited by applicable Laws and subject to
Section 31.13, (i) re-enter and take possession of the Premises (or any part thereof), any or all of Tenant’s Personalty upon the Premises and, to the extent permissible, all
permits and other rights or privileges of Tenant pertaining to the general use and operation of the Premises, but excluding any permits or other rights and privileges that are specific to the use and operation of Tenant’s business upon the
Premises, and (ii) expel Tenant and those claiming under or through Tenant, without being deemed guilty in any manner of trespass or becoming liable for any loss or damage resulting therefrom, without resort to legal or judicial process,
procedure or action. No notice from Landlord hereunder or under a forcible entry and detainer statute or similar law shall constitute an election by Landlord to terminate this Lease unless such notice specifically so states. If Tenant shall, after
default, voluntarily gives up possession of the Premises to Landlord, deliver to Landlord or its agents the keys to the Premises, or both, such actions shall be deemed to be in compliance with Landlord’s rights and the acceptance thereof by
Landlord or its agents, and shall not be deemed to constitute a termination of this Lease. Landlord reserves the right following any re-entry and/or reletting to exercise its right to terminate this Lease by
giving Tenant written notice thereof, in which event this Lease will terminate; 
 (d) Except for a Default pursuant to
Section 16.01(l), Landlord may bring an action against Tenant for any damages sustained by Landlord or any equitable relief available to Landlord in connection with enforcing its rights under this Article
16; 
 (e) Landlord may relet the Premises or any part thereof for such term or terms (including a term which extends beyond the
original Lease Term), at such rentals and upon such other terms as Landlord, in its reasonable discretion, may determine, with all proceeds received from such reletting being applied to the Rent due from Tenant in such order as Landlord may, in its
sole discretion, determine, which may include, without limitation, all repossession costs, brokerage commissions, attorneys’ fees and expenses, alteration, remodeling and repair costs and expenses of preparing for such reletting, all of which
costs shall be reasonable and customary. Landlord reserves the right following any re-entry and/or reletting to exercise its right to terminate this Lease by giving Tenant written notice thereof, in which
event this Lease will terminate as specified in said notice. Landlord agrees to use commercially reasonable efforts to mitigate any damages resulting from a Default of Tenant; provided, however, that Landlord’s obligation to so mitigate shall
be satisfied in full and deemed reasonable if Landlord undertakes to lease the Premises to another tenant (a “Replacement Tenant”) in accordance with the following criteria: 

  
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 (i) Landlord shall not be obligated to lease the Premises to a Replacement Tenant under terms or
conditions that are unacceptable to Landlord under Landlord’s then current leasing policies for comparable space in the same market area as the Premises, if any; 

(ii) Landlord shall not be obligated to enter into a lease with any proposed Replacement Tenant which does not have, in Landlord’s
reasonable opinion, sufficient financial resources or operating experience to operate the Premises; and 
 (iii) Landlord shall not be
required to expend any amount of money to alter, remodel or otherwise make the Premises suitable for use by a proposed substitute Tenant unless: (1) Tenant pays any such sum to Landlord in advance of Landlord’s execution of a substitute
lease with such tenant (which payment shall not be in lieu of Rent or any damages or other sums to which Landlord may be entitled as a result of Tenant’s Default under this Lease); and (2) Landlord, in Landlord’s sole discretion,
determines that any such expenditure is financially justified in connection with entering into any such substitute lease. 
 (f) Except for a
Default pursuant to Section 16.01(l), Landlord may recover from Tenant all reasonable actual out-of-pocket costs and expenses paid or incurred
by Landlord as a result of such Default, regardless of whether or not legal proceedings are actually commenced; 
 (g) Except for a Default
pursuant to Section 16.01(l), Landlord may immediately or at any time thereafter, upon written notice to Tenant (except in the event of an emergency, in which event no notice shall be necessary), at Landlord’s sole
option but without any obligation to do so, correct such Default and charge Tenant all reasonable costs and expenses incurred by Landlord therein. Any sum or sums so paid by Landlord, together with any accrued Default Interest, shall be deemed to be
Rent hereunder and shall be immediately due from Tenant to Landlord. Any such acts by Landlord in correcting Tenant’s Defaults hereunder shall not be deemed to cure said Defaults or constitute any waiver of Landlord’s right to exercise any
or all remedies set forth herein; 
 (h) Landlord may immediately or at any time thereafter, and with or without notice, except as required
herein, set off any money of Tenant held by Landlord under this Lease against any sum owing by Tenant hereunder; provided that, subject to a Mortgagee’s right to credit the balance of any reserves held by the Mortgagee against future payments
on the applicable debt, any Impositions Reserve or Insurance Reserve (as such terms are defined in Section 30.01) held by Landlord shall be applied and disbursed in accordance with Article 30; and/or 

(i) Landlord may seek any equitable relief available to Landlord, including, without limitation, the right of specific performance. 

  
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 16.03 Final Damages. If this Lease is terminated by Landlord as provided in
Section 16.02(a), in addition to Landlord’s rights set forth in Section 16.02, Landlord shall be entitled to recover from Tenant all Rent accrued and unpaid for the period up to and including
such termination date, as well as all other additional sums payable by Tenant, or for which Tenant is liable or in respect of which Tenant has agreed to indemnify Landlord under any of the provisions of this Lease, which may be then owing and
unpaid, and all costs and expenses, including court costs and reasonable attorneys’ fees incurred by Landlord in the enforcement of its rights and remedies hereunder. 

16.04 Removal of Personal Property. All of Tenant’s Personalty removed from the Premises by Landlord pursuant to any
provisions of this Lease or any Laws may be handled, removed or stored by Landlord at the sole cost and expense of Tenant, and Landlord, in no event, shall be responsible for the value, preservation or safekeeping thereof. Tenant shall pay Landlord
for all expenses incurred by Landlord in such removal and storage charges against such property as long as the same is in Landlord’s possession or under Landlord’s control. Subject to Section 31.13, all of
Tenant’s Personalty not removed from the Premises or retaken from storage by Tenant within twenty (20) days after the end of the Term, however terminated, at Landlord’s option, shall be conclusively deemed to have been conveyed by
Tenant to Landlord as by bill of sale without further payment or credit by Landlord to Tenant. 
 16.05
Landlord’s Default. If Landlord shall violate, neglect or fail to perform or observe any of the representations, covenants, provisions, or conditions contained in this Lease on its part to be performed
or observed, which default continues for a period of more than thirty (30) days after receipt of written notice from Tenant specifying such default (provided, however, such period shall be limited to two (2) business days with respect to a
default under Section 31.17(c)), or if such default is of a nature to require more than thirty (30) days for remedy and continues beyond the time reasonably necessary to cure (provided Landlord must have undertaken
procedures to cure the default within such thirty (30) day period and thereafter diligently pursues such efforts to cure to completion, provided that Landlord shall not have such additional period to cure with respect to default under
Section 31.17(c)), Tenant, at its option (in addition to all other rights and remedies provided Tenant at law, in equity or hereunder), upon further written notice to Landlord of Tenant’s intention to exercise any
remedy hereunder, which shall provide Landlord with an additional ten (10) days cure period thereafter (provided that Landlord shall not have such additional period to cure with respect to default under
Section 31.17(c)), may either terminate this Lease upon written notice thereof given to Landlord, or incur any reasonable expense necessary to perform the obligation of Landlord specified in such notice and bill Landlord
for the costs thereof. If Landlord fails to reimburse Tenant for such reasonable costs within thirty (30) days after Landlord’s receipt of such bill, Tenant may deduct such costs from the next due installments of Monthly Base Rent, until
such costs are recouped by Tenant. 
 16.06 Attorneys’ Fees. If any party to this Lease shall
bring any action or proceeding for any relief against the other, declaratory or otherwise, arising out of this Lease, the losing party shall pay to the prevailing party a reasonable sum for attorneys’ fees and costs incurred in bringing or
defending such action or proceeding and/or enforcing any judgment granted therein, all of which shall be deemed to have accrued upon the commencement of such action or proceeding and shall be paid whether or not such action or proceeding is
prosecuted to final judgment. 

  
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 16.07 Tenant Waiver. Tenant hereby expressly waives, for itself and all Persons
claiming by, through and under Tenant, including creditors of all kinds, (a) any right and privilege which Tenant has under any present or future Legal Requirements to redeem the Premises, or any part thereof, or to have a continuance of this
Lease for the Term after termination of Tenant’s right of occupancy by order or judgment of any court or by any legal process or writ, or under the terms of this Lease; (b) the benefits of any present or future Legal Requirements that
exempt property from liability for debt or for distress for rent; (c) any present or future Legal Requirements relating to notice or delay in levy of execution in case of eviction of a tenant for nonpayment of rent; and (d) any benefits
and lien rights which may arise pursuant to any present or future Legal Requirements. 
 ARTICLE 17. 

SUBORDINATION; LEASEHOLD MORTGAGE 

17.01 Subordination. Landlord has executed and delivered and may execute and deliver hereafter from time to time a mortgage or
trust deed in the nature of a mortgage, both being hereinafter referred to as a “Mortgage,” against the Premises or any interest therein. Landlord also may, subject to the approval of any Mortgagee (which approval Mortgagee, in its
sole discretion, may withhold), hereafter sell and lease back the Premises, or any part thereof, such lease of the underlying land herein called a “Ground Lease,” and the landlord under any such lease is herein called a
“Ground Landlord.” If requested by the mortgagee or trustee under any Mortgage (both being hereinafter referred to as a “Mortgagee”) or by any Ground Landlord, Tenant will either (a) subordinate its interest in
this Lease to said Mortgage or said Ground Lease, as the case may be, and to any and all advances made thereunder and to the interest thereon, and to all renewals, replacements, supplements, amendments, modifications and extensions thereof, or
(b) make certain of Tenant’s rights and interests in this Lease superior thereto; and Tenant will execute and deliver such agreement or agreements promptly, as may be reasonably approved by Tenant, Landlord or such Mortgagee, or such
Ground Landlord, as the case may be. Any Mortgage to which this Lease is now or hereafter subordinate shall provide, in effect, that during the time this Lease is in force all insurance proceeds and condemnation awards shall be permitted to be used
for restoration in accordance with the provisions of this Lease. Notwithstanding anything herein to the contrary, as a condition to subordinating its rights and interests under this Lease to any such Mortgagee or such Ground Landlord, as the case
may be, so long as no Default has occurred and is continuing, Tenant’s rights and interests under this Lease shall remain enforceable and undisturbed and Mortgagee or such Ground Landlord, as the case may be, shall enter into a subordination,
non disturbance and attornment agreement with Tenant, which agreement shall be substantially in the form attached hereto as Exhibit E, or in such other form as may be reasonably approved by Tenant, Landlord, such Mortgagee or such Ground
Landlord. 
 17.02 Liability of Mortgagee; Attornment. It is further agreed that (a) if any Mortgage shall
be foreclosed, or if any Ground Lease shall be terminated, (i) the Mortgagee (or its grantees) or purchaser at any foreclosure sale (or grantee in a deed in lieu of foreclosure), or Ground Landlord, as the case may be, or their respective
successors and assigns shall not be 

  
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(1) liable for any act or omission of any prior landlord (including Landlord), subject to any defenses, offsets or counterclaims which Tenant may have against a prior landlord (including
Landlord) as long as the same are not continuing, (2) bound by any obligation to perform any work or to make improvements to the Premises or any portion thereof, or (3) bound by any prepayment of Base Rent or other Rent which Tenant may
have made in excess of the amounts then due for the next succeeding month (other than any reserves paid under this Lease), (ii) the liability of the Mortgagee hereunder or purchaser at such foreclosure sale or the liability of a subsequent owner
designated as Landlord under this Lease shall exist only so long as such Mortgagee, Ground Landlord, purchaser or owner, as applicable, is the owner of the applicable Building or Parcel and such liability shall not continue or survive after further
transfer of ownership; and (iii) upon request of the Mortgagee if the Mortgage is foreclosed, or of the Ground Landlord if the Ground Lease is terminated, and provided that Tenant’s rights and interests under this Lease shall remain
enforceable and undisturbed, Tenant will attorn, as Tenant under this Lease, to the purchaser at any foreclosure sale under any Mortgage, and Tenant will attorn as the tenant under this Lease to the Ground Landlord, and Tenant will execute such
instruments as may be reasonably necessary or appropriate to evidence such attornment; and (b) this Lease may not be modified or amended so as to reduce Rent or shorten the Term provided hereunder, or so as to affect adversely in any other respect
or to any material extent the rights of Landlord, and this Lease shall not be cancelled or surrendered, without the prior written consent, in each instance, of the Mortgagee or of the Ground Landlord, as the case may be, other than as expressly
permitted pursuant to the terms of this Lease. 
 17.03 Tenant Leasehold Mortgage. 

(a) Provided that, at the time Tenant proposes to grant any Leasehold Mortgage (as defined in
Section 17.03(c)(i)), no Default exists, Tenant shall have the right to grant a Leasehold Mortgage on Tenant’s leasehold interest in the Premises with respect to all but not less than all of the entire
Premises. Any Tenant’s Mortgagee (as defined in Section 31.13) or permitted Leasehold Mortgagee (as defined in Section 17.03(c)(ii)) shall be deemed to be a third party beneficiary of any
subordination, non-disturbance and attornment agreement granted to Tenant hereunder, but (i) any such Leasehold Mortgage otherwise shall be in all respects subject and subordinate to Landlord’s
interest in this Lease and to any Mortgage or Ground Lease granted by Landlord, and to any renewals, modifications, consolidations, replacements and extensions of any such Mortgage or Ground Lease, whether such Mortgage or Ground Lease, or any
renewal, modification, consolidation, replacement or extension thereof, is granted by Landlord prior or subsequent to any Leasehold Mortgage granted by Tenant; and (ii) the Leasehold Mortgage shall attach to and be a lien on Tenant’s
leasehold interest in the Premises only, shall convey no interest or rights in and to Landlord’s interest in the Lease or the Premises which are greater than Tenant’s interest or rights in the Lease or the Premises, and shall be in form
and substance reasonably satisfactory to Landlord and Tenant. 
 (b) If Tenant shall grant a Leasehold Mortgage in compliance with the
provisions of this Section 17.03, and if Tenant or the Leasehold Mortgagee shall, within thirty (30) days after the execution of such Leasehold Mortgage, send to Landlord a true copy thereof, together with written notice
specifying the name and address of the Leasehold Mortgagee thereunder and the pertinent recording data with respect to such Leasehold Mortgage, then, so long as such Leasehold Mortgage shall remain unsatisfied of record, the following provisions
shall apply: 

  
 37 

 (i) Landlord shall use commercially reasonable efforts to give the Leasehold Mortgagee, at the
address for the Leasehold Mortgagee given to Landlord as provided above, a copy of any notice of default hereunder that relates to the portions of the Premises applicable to the Leasehold Mortgage at the approximate time and in a similar manner of
giving such notice or communication to Tenant; provided, however, that the failure to deliver such notice shall not constitute a default by Landlord hereunder. Landlord will not exercise any right, power or remedy with respect to any Default
hereunder that relates to the portions of the Premises applicable to the Leasehold Mortgage, and no notice to Tenant of any such Default shall be effective, until Landlord shall have so given to the Leasehold Mortgagee written notice or a copy of
its notice to Tenant of such Default. Landlord acknowledges that the Leasehold Mortgagee shall have the right to approve any amendment that changes the permitted use, term, rent or any other payment obligation set forth herein, or that otherwise
materially increases Tenant’s obligations or decreases Tenant’s rights under this Lease. 
 (ii) Any Leasehold Mortgagee, in case
Tenant shall be in default hereunder, shall, within the period herein provided, have the right to remedy such default, or cause the same to be remedied, and Landlord shall accept such performance by or at the instance of such Leasehold Mortgagee as
if the same had been made by Tenant, provided such remedy has been performed in the time frame and in the same manner as permitted by Tenant under this Lease. If a receiver cures any default, Landlord shall accept such cure as though performed by
the Leasehold Mortgagee. 
 (iii) It is understood and agreed that any Leasehold Mortgagee, or its designee, or any purchaser in foreclosure
proceedings, any grantee pursuant to an assignment in lieu of foreclosure, or any other party taking by, through or under a Leasehold Mortgage or its designee, may become the legal Tenant under this Lease with respect to the entire Premises through
foreclosure proceedings, by assignment of this Lease in lieu of foreclosure or otherwise; provided, however, that any such designee, purchaser in foreclosure, grantee pursuant to an assignment in lieu of foreclosure or other party shall, in all
events, (A) take subject to the terms of this Lease, (B) may only become Tenant under this Lease in whole, but not in part, may only foreclose or take assignment of this Lease in lieu of foreclosure or otherwise realize on Tenant’s
leasehold interest in the Premises, and (C) shall satisfy the requirements for a Leasehold Mortgagee set forth in Section 17.03(c)(ii), provided, however, that such designee, purchaser in foreclosure, grantee pursuant
to an assignment in lieu of foreclosure or other party may satisfy such requirements by providing, or causing to be provided, a guaranty agreement, in form and substance reasonably acceptable to and approved by Landlord, in writing, such approval
not to be unreasonably withheld or delayed, which guaranty shall be from an entity that meets the requirements for a Leasehold Mortgagee set forth in Section 17.03(c)(ii). 

(iv) Upon any rejection of this Lease by any trustee of the Tenant in any bankruptcy, reorganization, arrangement or similar proceeding which
would, if it were not for this Article 17, cause this Lease to terminate, without any action or consent by Landlord, Tenant or any Leasehold Mortgagee, the transfer of Tenant’s interest hereunder to such Leasehold Mortgagee shall
automatically occur. Such Leasehold Mortgagee may terminate this 

  
 38 

 
Lease upon any such transfer by giving notice thereof to Landlord no later than thirty (30) days after notice of such transfer. Upon any such termination, such Leasehold Mortgagee shall have
no further obligations hereunder, including any obligations which may have accrued prior to such termination, except for any obligations previously undertaken by the Leasehold Mortgagee pursuant to Section 17.03(b)(iii) or
caused by Leasehold Mortgagee’s acts while in physical possession of the Premises or by a court appointed receiver acting as agent for Leasehold Mortgagee. 

(v) Landlord agrees to use commercially reasonable efforts to give the Leasehold Mortgagee notice of any condemnation proceedings affecting
the Premises (the failure of which shall not constitute a default by Landlord hereunder), and such Leasehold Mortgagee shall have the right to intervene and be made a party to any such condemnation proceedings to the extent of Tenant’s right to
do so under this Lease. 
 (vi) If a Leasehold Mortgagee shall acquire title to Tenant’s interest in the Premises, by foreclosure of a
Leasehold Mortgage thereon, by assignment in lieu of foreclosure, by an assignment for a nominee or wholly-owned subsidiary of such Leasehold Mortgagee, or otherwise, such Leasehold Mortgagee may assign this Lease or sublet or underlet the Premises
only in compliance with Article 12. Upon any assignment made in compliance with Article 12 of this Lease in favor of any owner of the leasehold estate pursuant to this Lease whose interest shall have been acquired by, through or under
any Leasehold Mortgagee or from any other holder thereof, the assignor shall be relieved of any further liability which may accrue under this Lease from and after the date of such assignment, provided that the assignee shall execute and deliver to
Landlord a recordable instrument of assumption wherein such assignee shall assume and agree to perform and observe the covenants and conditions in this Lease contained on Tenant’s part to be performed and observed, it being the intention that
once the Leasehold Mortgagee shall succeed to Tenant’s interest under this Lease, any and all subsequent assignments (whether by such Leasehold Mortgagee, any purchaser at a foreclosure sale or any other transferee or assignee) shall, subject
to the provisions of Article 12, effect a release of the assignor’s liability under this Lease from and after such assignment. 

(vii) There shall be no merger of this Lease nor of the leasehold estate created by this Lease with the fee estate in the Premises or any part
thereof by reason of the fact that the same person, firm, corporation or other entity may acquire or own or hold, directly or indirectly, (1) this Lease or the leasehold estate created by this Lease or any interest in this Lease or in any such
leasehold estate, and (2) the fee estate in the Premises or any part thereof or any interest in such fee estate, and no such merger shall occur unless and until all corporations, firms and other entities, including any Leasehold Mortgagee,
having any interest in (A) this Lease or the leasehold estate created by this Lease and (B) the fee estate in the Premises or any part thereof or any interest in such fee estate shall join in a written instrument effecting such merger and
shall duly record the same. 
 (viii) Notwithstanding anything herein to the contrary, the provisions of this Article 17 shall inure
only to the benefit of a Leasehold Mortgage which is a first lien on Tenant’s interest in the Premises. Landlord shall, upon request, execute, acknowledge and deliver to such Leasehold Mortgagee after its request an agreement prepared at the
sole cost and expense of Tenant, in form reasonably satisfactory to such Leasehold Mortgagee and Landlord, among Landlord, Tenant and such Leasehold Mortgagee, agreeing to all of the provisions of this Section 17.03. 

  
 39 

 (c) Definition of Terms. 

(i) For purposes of this Lease, “Leasehold Mortgage” shall mean a mortgage upon Tenant’s leasehold estate and other
rights of Tenant created pursuant to this Lease, and Tenant’s rights under any subleases. 
 (ii) For purposes of this Lease,
“Leasehold Mortgagee” shall mean any mortgagee, trustee, or secured party under a Leasehold Mortgage. The Leasehold Mortgagee shall be an insurance company, savings bank, commercial bank (acting as a trustee, agent or otherwise), or
other institutional lending source having a capital and surplus or net assets of at least Two Hundred Fifty Million Dollars ($250,000,000). 

ARTICLE 18. 
 MORTGAGEE
PROTECTION 
 Tenant agrees to give the Mortgagee or Ground Landlord, as the case may be, by overnight courier service or by registered
or certified mail, a copy of any notice or claim of default served upon Landlord by Tenant, provided that prior to such notice, Tenant has been notified in writing, by way of service on Tenant of a copy of an assignment of Landlord’s interests
in leases, or otherwise, of the address of such Mortgagee or Ground Landlord, as the case may be. Tenant further agrees that such Mortgagee or Ground Landlord, as the case may be, shall have the right to cure such default within the time period
provided for hereunder for Landlord to cure any Landlord Default. 
 ARTICLE 19. 

ESTOPPEL CERTIFICATE 

Tenant and Landlord agree, from time to time and upon not less than ten (10) days’ prior request by either of them to the other, to
deliver to the requesting party a statement in the form attached hereto as Exhibit C certifying to any mortgagee, purchaser or assignee, as the case may be, of such party (or proposed mortgagee, purchaser or assignee, as the case may be, of
such party’s interest) (a) that this Lease is unmodified and in full force and effect (or if there have been modifications, that this Lease, as modified, is in full force and effect and identifying the modifications); (b) the date upon
which Tenant began paying Rent and the dates to which Rent and other charges have been paid; (c) that the requesting party is not in default under any provision of this Lease, or, if in default, the nature thereof in detail; (d) that the
Tenant is in occupancy of the Premises and paying Rent on a current basis with no rental offsets or claims; (e) that there has been no prepayment of Rent other than that provided for in this Lease; (f) that there are no actions, whether
voluntary or otherwise, pending against the other party under the bankruptcy laws of the United States or any state thereof; and (g) such other matters as may be reasonably requested to the knowledge of the party providing the estoppel. 

  
 40 

 ARTICLE 20. 

REPRESENTATIONS AND WARRANTIES OF TENANT 

Tenant represents and warrants to Landlord as of the date hereof as follows: 

20.01 Organization, Authority and Status of Tenant. Tenant has been duly organized or formed, is validly existing and in good
standing under the laws of its state of formation and is qualified as a limited liability company to do business in any jurisdiction where such qualification is required except where the failure to be so qualified would not have a Material Adverse
Effect. All necessary company action has been taken to authorize the execution, delivery and performance by Tenant of this Lease and of the other documents, instruments and agreements provided for herein. Tenant is not a “foreign limited
liability company,” “foreign corporation,” “foreign partnership,” “foreign trust” or “foreign estate,” as those terms are defined in the United States Internal Revenue Code and the regulations promulgated
thereunder. The individual who has executed this Lease on behalf of Tenant is duly authorized to do so. 
 20.02
Enforceability. Assuming the due authorization, execution and delivery hereof by Landlord, this Lease constitutes the legal, valid and binding obligation of Tenant, enforceable against Tenant in accordance with its terms, except as
such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and the availability of injunctive relief and other equitable remedies. 

20.03 Intentionally Omitted. 

20.04 Intentionally Omitted. 

20.05 Compliance With OFAC Laws. Neither Tenant nor any direct member of Tenant is an individual or
entity whose property or interests are subject to being blocked under Executive Order 13224 issued by the President of the United States and all regulations promulgated thereunder (the “OFAC Laws”) or is otherwise in violation of
any of the OFAC Laws; provided however, that the representation contained in this sentence shall not apply to any individual, partnership, corporation, limited liability company, trust, or other form of entity (“Person”) to the
extent such Person’s interest is in or through an entity whose securities are listed on a national securities exchange or quoted on an automated quotation system in the United States or a wholly-owned subsidiary of such entity. 

20.06 Intentionally Omitted. 

20.07 Intentionally Omitted. 

20.08 Intentionally Omitted. 

20.09 Intentionally Omitted. 

  
 41 

 ARTICLE 21. 

NONWAIVER 
 No waiver of
any condition expressed in this Lease shall be implied by any neglect of Landlord or Tenant to enforce any remedy on account of the violation of such condition whether or not such violation is continued or repeated subsequently, and no express
waiver shall affect any condition other than the one specified in such waiver and that one only for the time and in the manner specifically stated. Without limiting any of Landlord’s rights under this Lease, it is agreed that no receipt of
monies by Landlord from Tenant after the expiration or early termination in any way of the Term or of Tenant’s right of possession hereunder or after the giving of any notice shall reinstate, continue or extend the Term or affect any notice
given to Tenant prior to the receipt of such monies. It is also agreed that after the service of notice or the commencement of a suit or after final judgment for possession of the Premises, Landlord may receive and collect any monies due, and the
payment of said monies shall not waive or affect said notice, suit or judgment. 
 ARTICLE 22. 

INTENTIONALLY OMITTED 

ARTICLE 23. 
 REAL ESTATE
BROKERS 
 Each party represents to the other that it has not dealt with any broker, agent, or finder in connection with this Lease and
agrees to indemnify and hold the other harmless from all damages, liability and expense, including reasonable attorneys’ fees, arising from any claims or demands of any broker, agent or finder for any commission alleged to be due such broker,
agent or finder in connection with its having introduced that party to the Premises. 
 ARTICLE 24. 

NOTICES 
 All notices,
demands, designations, certificates, requests, offers, consents, approvals, appointments and other instruments given pursuant to this Lease shall be in writing and given by any one of the following: (a) hand delivery; (b) express overnight
delivery service; (c) certified or registered mail, return receipt requested; or (d) facsimile or E-Mail transmission, and shall be deemed to have been delivered upon (i) receipt, if hand
delivered; (ii) the next Business Day, if delivered by a reputable express overnight delivery service; (iii) the third Business Day following the day of deposit of such notice with the United States Postal Service, if sent by certified or
registered mail, return receipt requested; or (iv) transmission, if delivered by facsimile or E-Mail transmission, provided that delivery is also made by one of the other delivery methods described herein
within two (2) Business Days after such transmission. Notices shall be provided to the parties and addresses (or electronic mail addresses) specified below: 
  

			
	 If to Tenant:
	  	 Shopko Stores Operating Co., LLC
 700 Pilgrim
Way

		  	Green Bay, Wisconsin 54304
		  	Attention: Chief Financial Officer and General Counsel

  
 42 

			
		  	Facsimile: (920) 429-7401 and (920) 429-7560
		  	 Email: Peter.Vandenhouten@shopko.com

           Russ.Steinhorst@shopko.com

		
	 And a copy to:
	  	 Klehr Harrison Harvey Branzburg LLP
 1835 Market
Street

		  	 Philadelphia, Pennsylvania 19103
 Attention:
Bradley A. Krouse, Esq.
 Facsimile: (215) 568-6603

		  	Email: bkrouse@klehr.com
		
	 If to Landlord:
	  	[                     ]
		  	[                     ]
		  	[                     ]
		  	Attention: [                     ]
		  	Facsimile: [                     ]
		  	Email: [                     ]

 or to such other address or such other person as either party may from time to time hereafter specify to the
other party in a notice delivered in the manner provided above. 
 ARTICLE 25. 

HAZARDOUS MATERIALS 
 25.01
Defined Terms. 
 (a) “Claim” shall mean and include any demand, cause of action,
proceeding, or suit for any one or more of the following: (i) actual or punitive damages, losses, injuries to Person or property, damages to natural resources, fines, penalties, interest, contribution or settlement, (ii) seeking a Response
(as defined in Section 25.01(f)), (iii) the costs and expenses of site investigations, feasibility studies, information requests, health or risk assessments, or Response actions, and (iv) the costs and expenses of
enforcing insurance, contribution or indemnification agreements. 
 (b) “Environmental Laws” shall mean and include all
federal, state and local statutes, ordinances, regulations and rules in effect and as amended from time to time relating to environmental quality, health, safety, contamination and cleanup, including, without limitation, the Clean Air Act, 42 U.S.C.
Section 7401 et seq.; the Clean Water Act, 33 U.S.C. Section 1251 et seq., and the Water Quality Act of 1987; the Federal Insecticide, Fungicide, and Rodenticide Act (“FIFRA”), 7 U.S.C. Section 136 et seq.; the Marine
Protection, Research, and Sanctuaries Act, 33 U.S.C. Section 1401 et seq.; the National Environmental Policy Act, 42 U.S.C. Section 4321 et seq.; the Noise Control Act, 42 U.S.C. Section 4901 et seq.; the Occupational Safety and
Health Act, 29 U.S.C. Section 651 et seq.; the Resource Conservation and Recovery Act (“RCRA”), 42 U.S.C. Section 6901 et seq., as amended by the Hazardous and Solid Waste Amendments of 1984; the Safe Drinking Water Act,
42 U.S.C. Section 300f et seq.; the Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”), 42 U.S.C. Section 9601 et seq., as amended by the Superfund Amendments and Reauthorization 

  
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 Act, the Emergency Planning and Community
Right-to-Know Act, and the Radon Gas and Indoor Air Quality Research Act; the Toxic Substances Control Act (“TSCA”), 15 U.S.C. Section 2601 et
seq.; the Atomic Energy Act, 42 U.S.C. Section 2011 et seq., and the Nuclear Waste Policy Act of 1982, 42 U.S.C. Section 10101 et seq., and state and local superlien and environmental statutes and ordinances, with implementing regulations,
rules and guidelines, as any of the foregoing may be amended from time to time. Environmental Laws shall also include all state, regional, county, municipal, and other local laws, regulations, and ordinances insofar as they are equivalent or similar
to the federal laws recited above or purport to regulate Hazardous Materials. 
 (c) “Hazardous Materials” shall mean and
include the following, including mixtures thereof: any hazardous substance, mold, pollutant, contaminant, waste, by-product or constituent regulated under CERCLA; oil and petroleum products and natural gas,
natural gas liquids, liquefied natural gas and synthetic gas usable for fuel; pesticides regulated under FIFRA; asbestos and asbestos-containing materials, PCBs, and other substances regulated under TSCA; source material, special nuclear material, by-product material and any other radioactive materials or radioactive wastes, however produced, regulated under the Atomic Energy Act or the Nuclear Waste Policy Act; chemicals subject to the OSHA Hazard
Communication Standard, 29 C.F.R. 
 § 1910.1200 et seq.; and industrial process and pollution control wastes whether or not hazardous
within the meaning of RCRA, and any other hazardous substance, pollutant or contaminant regulated under any other Environmental Law. 
 (d)
“Manage” or “Management” means to generate, manufacture, process, treat, store, use, re-use, refine, recycle, reclaim, blend or burn for energy recovery, incinerate,
accumulate speculatively, transport, transfer, dispose of or abandon Hazardous Materials. 
 (e) “Release” or
“Released” shall mean any actual or threatened spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping or disposing of Hazardous Materials into the environment, as
“environment” is defined in CERCLA. 
 (f) “Response” or “Respond” shall mean action taken to
correct, remove, remediate, clean up, prevent, mitigate, monitor, evaluate, investigate, assess or abate the Release of a Hazardous Material. 

25.02 Tenant’s Obligations with Respect to Environmental Matters. During the Term with respect
to the Premises, (a) Tenant shall comply, at its sole cost and expense, with all Environmental Laws; (b) Tenant shall not, except as utilized in the ordinary course of business and not in violation of any Environmental Laws, Manage or
authorize the Management of, any Hazardous Materials on the Premises, including installation of any underground storage tanks, without prior written disclosure to and prior written reasonable approval by Landlord, except in accordance with
applicable Environmental Laws; (c) Tenant shall not take any action that would subject the Premises to the permit requirements under RCRA or any analogous state law, for storage, treatment or disposal of Hazardous Materials; and (d) Tenant
shall arrange at its sole cost and expense, for the lawful transportation and off-site disposal at permitted landfills or other permitted disposal facilities and otherwise in accordance with all applicable
Environmental Laws, of all Hazardous Materials that it generates. 

  
 44 

 25.03 Copies of Notices. During the Term with respect to the Premises, Tenant shall
provide Landlord promptly with copies of all summons, citations, directives, information inquiries or requests, notices of potential responsibility, notices of violation or deficiency, orders or decrees, Claims, complaints, investigations,
judgments, letters, notices of environmental liens or Response actions in progress, and other communications, written or oral, actual or threatened, from the United States Environmental Protection Agency, Occupational Safety and Health
Administration, the Environmental Protection Agency for the state in which the Premises is located, or other federal, state, or local agency or authority, or any other entity or individual, concerning (a) any actual or alleged Release of a
Hazardous Materials on, to or from the Premises; (b) the imposition of any lien on the Premises; (c) any actual or alleged violation of, or responsibility under, any Environmental Laws; or (d) any actual or alleged liability under any
theory of common law tort or toxic tort, including without limitation, negligence, trespass, nuisance, strict liability, or ultrahazardous activity (each a “Notice”). 

25.04 Landlord’s Right to Inspect. Upon the receipt of a Notice, or in the event that Landlord
makes a good faith determination that such inspection is necessary, Landlord and Landlord’s employees, agents and representatives shall have the right to enter the Premises and, at Tenant’s sole cost and expense, conduct appropriate
inspections or tests for the purpose of determining Tenant’s compliance with Environmental Laws, and determine the type, kind and quantity of all products, materials and substances brought onto the Premises, or made or produced thereon.
Landlord and its agents and representatives shall have the right to take samples in quantities sufficient for analysis of all products, materials and substances present on the Premises including, but not limited to, samples, products, materials or
substances brought onto or made or produced on the Premises by Tenant or its agents, employees, contractors or invitees. Tenant agrees to cooperate with such investigations by providing any relevant information reasonably requested by Landlord.
Tenant may not perform any sampling, testing, or drilling to locate Hazardous Materials in the Premises without Landlord’s prior written consent. 

25.05 Tests and Reports. With respect to the Premises and upon the receipt of a Notice (or in the event that Landlord makes a
good faith determination that the same is necessary), Tenant shall, at its sole cost and expense, perform any environmental site assessment or other investigation of environmental conditions in connection with the Premises as may be reasonably
requested by Landlord (including but not limited to sampling, testing and analysis of soil, water, air, building materials and other materials and substances whether solid, liquid or gas). Tenant shall provide Landlord with (a) copies of all
environmental reports and tests obtained by Tenant; (b) copies of transportation and disposal contracts (and related manifests, schedules, reports, and other information) entered into or obtained by Tenant with respect to any Hazardous Materials;
(c) copies of any permits issued to Tenant under Environmental Laws with respect to the Premises; (d) copies of any and all reports, notifications, and other filings made by Tenant to any federal, state, or local environmental authorities or
agencies; and (e) any other applicable documents and information with respect to environmental matters relating to the Premises. Tenant shall provide Landlord with the results of appropriate reports and tests, with transportation and disposal
contracts for Hazardous Materials, with any permits issued under Environmental Laws, and with any other documents necessary to demonstrate that Tenant complies with all Environmental Laws relating to the Premises, including, without limitation,
payment of penalties or interest related thereto. 

  
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 25.06 Tenant’s Obligation to Respond. If
Tenant’s Management of Hazardous Materials at the Premises (a) gives rise to liability or to a Claim under any Environmental Law, or any common law theory of tort or otherwise; (b) causes a threat to, or endangers, the public health;
or (c) creates a nuisance or trespass, Tenant shall, at its sole cost and expense, promptly take all necessary action in response so as to comply with all applicable Environmental Laws and eliminate or avoid any liability claim with respect
thereto. Additionally, Tenant shall, at its sole cost and expense, and without limiting any other provision of this Lease, effectuate any Response required by any governmental authority of any condition (including, but not limited to, a Release) in,
on, under or from the Premises and take any other reasonable action deemed necessary by any governmental authority for protection of human health or the environment. Notwithstanding anything in this Lease to the contrary, Tenant shall have the right
to challenge and not comply with any requirement of a governmental authority without being in breach of this Lease so long as Tenant (i) pursues such challenge diligently and in good faith and (ii) complies with any requirement that
results upon completion of such challenge. 
 25.07 Landlord’s Right to Act. In the event
that Tenant shall fail to comply with any of its obligations under this Article 25 as and when required hereunder, after thirty (30) days written notice to Tenant and Tenant’s failure to commence to cure such failure (unless the
Premises or any Person is in imminent danger of harm, in which case notice that is feasible under the circumstances shall be given to Tenant), Landlord shall have the right (but not the obligation) to take such action as is required to be taken by
Tenant hereunder and in such event, Tenant shall be liable and responsible to Landlord for all costs, expenses, liabilities, claims and other obligations paid, suffered, or incurred by Landlord in connection with such matters. Tenant shall reimburse
Landlord immediately upon demand for all such amounts for which Tenant is liable with interest accruing at the Default Interest rate. 

25.08 Indemnification. Except as otherwise required under applicable Laws or to the extent of Landlord’s willful wrongful
acts or gross negligence (provided that the term “gross negligence” shall not include gross negligence imputed as a matter of law to any of the Landlord Indemnified Parties solely by reason of Landlord’s interest in the Premises or
Tenant’s failure to act in respect of matters which are or were the obligation of Tenant under this Lease), Tenant shall, immediately upon demand by Landlord, indemnify, save, protect, defend and hold harmless the Landlord Indemnified Parties
from and against any and all Claims, Response costs, liabilities, suits, obligations, fines, damages, penalties, claims, costs, losses, charges and expenses, including, without limitation, loss of rental income, loss due to business interruption,
and reasonable attorneys’ fees and costs, which may be imposed upon or incurred during or after (but attributable to a period of time falling within) the Term arising out of or in any way connected with any or all of the following occurring:

 (a) any Hazardous Materials which are, or have been at any time, Managed, Released or otherwise located on or at the Premises during the
Term (regardless of the location at which such Hazardous Materials may in the future be located or disposed of), including but not limited to, any and all (i) liabilities under any common law theory of tort, nuisance, strict liability,
ultrahazardous activity, negligence or otherwise based upon, resulting from or in connection with any such Hazardous Materials; and (ii) obligations to take Response, cleanup or corrective action pursuant to any investigation or remediation in
connection with the decontamination, removal, transportation, incineration, or disposal of any of the foregoing; 

  
 46 

 (b) any actual or alleged illness, disability, injury, or death of any individual in any manner
arising out of or allegedly arising out of exposure to Hazardous Materials or other substances or conditions introduced to the Premises during the Term; 

(c) any actual or alleged failure of Tenant or prior occupant or owner to comply with all applicable Environmental Laws during the Term; and

 (d) any failure by Tenant to comply with its obligations under this Article 25. 

In the event any Claims or other assertion of liability shall be made against Landlord for which Landlord is entitled to indemnity hereunder,
Landlord shall notify Tenant of such Claim or assertion of liability and thereupon Tenant shall, at its sole cost and expense, assume the defense of such Claim or assertion of liability (with counsel reasonably acceptable to Landlord) and continue
such defense at all times thereafter until completion. The obligations of Tenant under this Article 25 shall survive for a period of five (5) years from the termination or expiration of this Lease. 

ARTICLE 26. 
 TITLE AND
COVENANT AGAINST LIENS 
 26.01 Title and Covenant Against Liens. Landlord’s title in the Premises is and always
shall be paramount to the title of Tenant and nothing contained in this Lease shall empower Tenant to do any act which can, shall or may encumber the title of Landlord. Tenant covenants and agrees not to suffer or permit any lien of mechanics or
materialmen to be placed upon or against the Premises, the Buildings or the Parcel and, in case of any such lien attaching, to pay and remove or insure over same promptly. Except as provided in this Section 26.01 below and
Section 9.04 above, Tenant has no authority or power to cause or permit any lien or encumbrance of any kind whatsoever, whether created by act of Tenant, operation of law or otherwise, to attach to or to be placed upon the
Premises, the Buildings or the Parcel, and any and all liens and encumbrances created by Tenant shall attach only to Tenant’s interest in the Premises. If any such liens so attach and Tenant fails to pay and remove or bond the same within
thirty (30) days, Landlord, at its election, may pay and satisfy the same, and in such event, the sums so paid by Landlord, with interest accruing from the date of Landlord’s payment at the Default Interest rate shall be deemed to be Rent
due and payable by Tenant at once without notice or demand. Except as permitted pursuant to Section 9.04 and Article 17 of this Lease, Landlord covenants and agrees not to suffer or permit any covenants,
restrictions, reservations, encumbrances, liens, conditions, encroachments, easements and other matters of title that would affect the Premises without Tenant’s prior written consent. 

Landlord hereby grants a limited power of attorney to Tenant to acknowledge, deliver and execute on Landlord’s behalf any proposed
agreement affecting the Premises if such agreement is in the nature of an easement and (a) is specifically stated to encumber the Premises only while Tenant is in possession of the Premises or (b) shall, by the terms of the agreement, end
with the termination of this Lease. Upon the execution of any such agreement, Tenant shall deliver, within twenty (20) days thereof, a copy of such agreement to Landlord. 

  
 47 

 ARTICLE 27. 

EXCULPATORY PROVISIONS 
 It
is understood and agreed expressly by and between the parties hereto, anything herein to the contrary notwithstanding, that each and all of the representations, warranties, covenants, undertakings and agreements made herein on the part of Landlord,
while in form purporting to be the representations, warranties, covenants, undertakings and agreements of Landlord, are nevertheless each and every one of them made and intended, not as personal representations, warranties, covenants, undertakings
and agreements by Landlord or for the purpose or with the intention of binding Landlord personally, but are made and intended for the purpose only of subjecting Landlord’s interest in the Premises to the terms of this Lease and for no other
purpose whatsoever, and in case of default hereunder by Landlord, Tenant shall look solely to the interests of Landlord in the Premises; that Landlord shall have no personal liability to pay any indebtedness accruing hereunder or to perform any
covenant, either express or implied, contained herein; and that no personal liability or personal responsibility of any sort is assumed by, nor at any time shall be asserted or enforceable against, said Landlord, individually. 

ARTICLE 28. 
 QUIET USE
AND ENJOYMENT 
 If and as long as Tenant shall faithfully perform the agreements, terms, covenants and conditions hereof, Tenant shall
and may (subject, however, to the provisions, reservations, terms and conditions of this Lease, including without limitation, Sections 17.01 and 17.02) peaceably and quietly have, hold and enjoy the Premises for the Term hereby
granted, including extensions, without molestation or disturbance by or from Landlord or any Person or entity claiming by, through or under Landlord and free of any encumbrance created or suffered by Landlord, except from encumbrances created,
suffered or consented to by Tenant. This covenant shall be construed as running with the land to and against subsequent owners and successors in interest and is not, nor shall it operate or be construed as, a personal covenant of Landlord, except to
the extent of Landlord’s interest in the Premises and only so long as such interest shall continue, and thereafter this covenant shall be binding upon such subsequent owners and successors in interest of Landlord’s interest under this
Lease, to the extent of their respective interests, as and when they shall acquire the same, and only so long as they shall retain such interest. 

  
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 ARTICLE 29. 

CHARACTERIZATION OF LEASE 

The following expressions of intent, representations, warranties, covenants, agreements, stipulations and waivers are a material inducement to
Landlord and Tenant entering into this lease: 
 29.01 [Unseverable Lease;]No Joint Venture. 

(a) [Landlord and Tenant agree that this Lease constitutes a single and indivisible lease as to all of the Property Locations collectively and
shall not be subject to severance or division except as expressly set forth herein. In furtherance of the foregoing, Landlord and Tenant each (i) waives any claim or defense based upon the characterization of this Lease as anything other than a
master lease of all the Property Locations and irrevocably waives any claim or defense that asserts that this Lease is anything other than a master lease, (ii) covenants and agrees that it will not assert that this Lease is anything but a
unitary, unseverable instrument pertaining to the lease of all, but not less than all, of the Property Locations, (iii) stipulates and agrees not to challenge the validity, enforceability or characterization of this Lease of the Property
Locations as a unitary, unseverable instrument pertaining to the lease of all, but not less than all, of the Property Locations, and (d) shall support the intent of the parties that this Lease is a unitary, unseverable instrument pertaining to
the lease of all, but not less than all, of the Property Locations, if, and to the extent that, any challenge occurs. Without limitation, Landlord and Tenant agree that Base Rent Allocations shall not be used or construed, directly or indirectly, to
vary the intent of Landlord and Tenant that this Lease constitutes a single and indivisible lease of all the Property Locations collectively and is not an aggregation of separate leases. For the purposes of any assumption, rejection or assignment of
this Lease under 11 U.S.C. Section 365 or any amendment or successor section thereof, this is one indivisible and non-severable lease dealing with and covering one legal and economic unit that must be
assumed, rejected or assigned as a whole with respect to all (and only all) of the Property Locations.]10 
 (b) The business relationship
created by this Lease and any related documents is solely that of a long term commercial lease between Landlord and Tenant, the Lease has been entered into by both parties in reliance upon the economic and legal bargains contained herein, and none
of the agreements contained herein is intended, nor shall the same be deemed or construed, to create a partnership (de facto or de jure) between Landlord and Tenant, to make them joint venturers, to make Tenant an agent, legal
representative, partner, subsidiary or employee of Landlord, nor to make Landlord in any way responsible for the debts, obligations or losses of Tenant. 

29.02 True Lease Waiver. Landlord and Tenant intend that this Lease is a “true lease,” is not a financing lease,
capital lease, mortgage, equitable mortgage, deed of trust, trust agreement, security agreement or other financing or trust arrangement, and the economic realities of this Lease are those of a true lease. Tenant and Landlord each waive any claim or
defense based upon the characterization of this Lease as anything other than as a “true lease.” Tenant and Landlord each stipulate and agree that (a) except as may be required by Laws or a governmental authority (it being understood that
Tenant and Landlord each agree that under current U.S. federal income tax law, this Lease is a “true lease”), not to assert or take, or omit to take, any action if such omission would be inconsistent with the agreements and understandings
set forth in this Article 29, and (b) that, in the event that its separate existence from another Person is disregarded for U.S. federal income tax purposes, it shall not permit such Person to assert or take any action, or omit to take any
action if such omission would be, inconsistent with the agreements and understandings set forth in this Article 29 (determined as though such Person had been a party hereto). 

 

	10 	Use bracketed language only if breakout lease is a master lease. 

  
 49 

 ARTICLE 30. 

RESERVES11 

30.01 Reserves. Upon the occurrence of a Reserve Event (as defined below), Landlord may require Tenant to pay to Landlord on the
day that Monthly Base Rent is next due during the Term an amount equal to the Impositions (the “Impositions Reserve”), premiums for insurance required under Article 6 (the “Insurance Reserve”)[, fixed and
basic rents (the “Overlease Rents”) to be made pursuant to the Overlease (the “Overlease Reserve”)] and/or maintenance expenses (“Maintenance Expenses”) for the Premises (in an amount equal to $0.20
per net rentable square foot of the Premises) (the “Maintenance Reserve”; the Impositions Reserve, the Insurance Reserve, [the Overlease Reserve] and/or the Maintenance Reserve are each a “Reserve” and collectively,
the “Reserves”) that Landlord reasonably estimates will be necessary in order to accumulate with Landlord sufficient funds to pay such Impositions, insurance premiums[, Overlease Rents] and Maintenance Expenses as applicable for the
earlier of (a) the ensuing twelve (12) months, or (b) at least thirty (30) days prior to their respective due dates. Landlord shall hold or cause the Mortgagee to hold the amount for each Reserve required hereunder in an
interest-bearing account which interest thereon shall accrue for the benefit of Tenant (which may be a book entry subaccount) (each, a “Reserve Subaccount Account”, and collectively, the “Reserve Subaccounts”).
Landlord shall have the right to collect Reserves on an annual basis until the occurrence of a Reserve Reversal Event (subject to the terms of Section 30.04). 

30.02 Satisfaction of Tenant’s Obligations. Any Reserve payments made by Tenant pursuant to
Section 30.01 for Impositions, Maintenance Expenses[, Overlease Rents] and insurance premiums shall satisfy Tenant’s obligations to pay Impositions[, Overlease Rents] and Maintenance Expenses and to pay for and
maintain insurance under this Lease for the applicable twelve (12) month period. Landlord shall timely pay or cause to be paid such Impositions[, Overlease Rents] and insurance premiums or make such Reserves available to Tenant to timely pay
such Impositions[, Overlease Rents] and insurance premiums. 
 30.03 Reserve Period; Maintenance Expenses. During a Reserve
Period (as defined below), Landlord shall disburse or cause the Mortgagee to disburse funds held in the Reserve Subaccount for Maintenance Expenses to Tenant within fifteen (15) days after the delivery by Tenant to Landlord of a request
therefor, in an amount greater than Twenty Five Thousand Dollars ($25,000) (or a lesser amount if the total amount in the Maintenance Reserve is less than Twenty Five Thousand Dollars ($25,000), in which case only one such disbursement as to that
particular Maintenance Expense shall be made), provided that the request for disbursement is accompanied by: (a) a certificate signed by an officer of Tenant: (i) stating that the maintenance which is the subject of the requested
disbursement has been completed, (ii) identifying each Person that supplied materials or labor in connection with such maintenance or any portion thereof, and (iii) stating that each such Person supplying materials or labor has been or,
upon 
  

	11 	Use bracketed Reserves sections only if breakout lease is a master lease of five or more properties. Section 3.06 remains the same in either case. 

  
 50 

 receipt of the requested disbursement, will be paid in full with respect to the portion of the maintenance which
is the subject of the requested disbursement; (b) copies of appropriate lien waivers, to the extent applicable, or other evidence of payment reasonably satisfactory to Landlord; and (c) if requested by Landlord’s Mortgagee, a title
search for the Premises indicating that the Premises is free from all liens, claims and other encumbrances not previously approved by Landlord. 

30.04 Reserve Reversal Event. Upon a Reserve Reversal Event, no further Reserves shall be required hereunder regarding the
applicable Reserve Period and any Reserves and/or Letter of Credit (as defined in Section 30.06(d) below) held by Landlord or Mortgagee shall be immediately released and/or returned, as the case may be, to Tenant; provided,
however, that Reserves and/or Letter of Credit shall again be required as provided herein in connection with any subsequent Reserve Period. 

30.05 Letter of Credit. Notwithstanding anything to the contrary contained in this Article 30, at Tenant’s option,
in lieu of the requirements set forth herein with respect to Tenant’s obligation to make deposits into one or more Reserve Subaccounts, Tenant may deliver a Letter of Credit or Letters of Credit, to Landlord in an amount or amounts equal to the
aggregate amount which Tenant would otherwise be required to deposit for Impositions, insurance premiums[, Overlease Rents] and/or Maintenance Expenses, over the ensuing twelve (12) month period, whereupon Landlord shall remit or cause Mortgagee to
remit the Reserves then on deposit, if any, in the applicable Reserve Subaccount to Tenant. In the event that Tenant delivers a Letter of Credit or Letters of Credit for Impositions, insurance premiums[, the Overlease Rents], Maintenance Expenses,
Tenant shall be responsible for the payment of such item and Landlord shall not be responsible therefor. Tenant shall provide Landlord with notice of any increases (or decreases) in the aggregate payments over the ensuing twelve (12) month
period for Impositions, insurance premiums[, Overlease Rents] and/or Maintenance Expenses, as the case may be, not less than forty-five (45) days prior to the date any such increase (or decrease) is first due and payable, and the applicable
Letter of Credit shall be increased (or decreased) by an amount equal to such increased (or decreased) amount at least thirty (30) days prior to the date such increase (or decrease) is first due and payable. Landlord shall allow a reduction in
the Letter of Credit or Letters of Credit relating to the Reserve Subaccount for Maintenance Expenses upon satisfaction of the conditions precedent for disbursement set forth in Section 30.03, which reduction shall be in an
amount equal to the amount that would have been disbursed to Tenant had the Reserve Account for Maintenance Expenses contained cash. Upon any non-payment of Impositions, insurance premiums, Overlease Rents,
Maintenance Expenses, Tenant agrees that Landlord shall have the right, but not the obligation, to draw on such applicable Letter of Credit and to apply all or any part thereof to the payment of the item for which such Letter of Credit was
established.] 
 30.06 Defined Terms. 

(a) “EBITDAR” means, with respect to any Person, for any period, an amount equal to (without duplication): (i) the
consolidated net income of such Person for such period, plus (ii) depreciation, amortization and other non-cash charges (including, but not limited to, imputed interest, deferred compensation and
charges associated with impairment of goodwill pursuant to FASB 142) for such period (to the extent deducted in the computation of 

  
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 consolidated net income of such Person), all in accordance with generally accepted accounting principles in the
United States of America, consistently applied from period to period (“GAAP”), plus (iii) interest expense for such period (to the extent deducted in the computation of consolidated net income of such Person),
plus (iv) the provision for taxes for such period (to the extent deducted in the computation of consolidated net income of such Person), plus (v) any rental amounts (excluding reimbursable expenses including but not limited
to taxes, maintenance and insurance) payable by such Person under any leases then in effect to which the Person is a party, utilizing the rental amounts (excluding reimbursable expenses including but not limited to taxes, maintenance and insurance)
in effect at the time of the EBITDAR calculation (collectively, “EBITDAR Rent”) (to the extent such EBITDAR Rent was deducted in the computation of consolidated net income of such Person), plus
(vi) non-recurring items and unusual items. Tenant may use the consolidated financial statements of Specialty Retail Shops Holding Corp., a Delaware corporation (“Specialty Retail”) but
only for so long as (i) Tenant remains indirectly wholly owned by Specialty Retail and included in the consolidated financial statements of Specialty Retail and (ii) the Guaranty is in full force and effect. 

(b) “EBITDAR Event” means Tenant’s failure to maintain an EBITDAR Ratio (as defined below) of 1.15 to 1 or higher (tested
quarterly on a twelve (12) month trailing basis). 
 (c) “EBITDAR Ratio” is the ratio of EBITDAR to interest and
operating lease expenses. 
 (d) “Letter of Credit” means an evergreen, irrevocable,
unconditional, transferable, clean sight draft letter of credit, in form and substance acceptable to Landlord in its reasonable discretion, in favor of Landlord and issued by a bank or financial institution reasonably acceptable to Landlord. 

(e) “Reserve Event” means the occurrence of (i) a monetary Default or (ii) an EBITDAR Event. 

(f) “Reserve Period” means the period of time commencing on the date that 

(i) a monetary Default shall have occurred or (ii) an EBIDTAR Event shall have occurred and, with respect to clause (a) or (b),
ending upon the occurrence of a Reserve Reversal Event. 
 (g) “Reserve Reversal Event” means Tenant (i) remains free
from monetary Default and (ii) maintains an EBITDAR Ratio of 1.15 to 1 or higher (on a twelve (12) month trailing basis) for a period of not less than four (4) consecutive quarters. 

ARTICLE 31. 

MISCELLANEOUS 
 31.01
Successors and Assigns. Each provision of this Lease and other agreements executed contemporaneously with this Lease shall extend to and shall bind and inure to the benefit not only of Landlord and Tenant, but also of their respective
heirs, legal representatives, successors and assigns, but this provision shall not operate to permit any transfer, assignment, mortgage, encumbrance, lien, charge or subletting contrary to the provisions of this Lease. 

  
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 31.02 Modifications in Writing. No modification, waiver or amendment of this Lease
or of any of its conditions or provisions shall be binding upon either party unless in writing and signed by Landlord and Tenant. 
 31.03
Definition of Tenant. The word “Tenant” whenever used herein shall be construed to mean Tenant or any one or more of them in all cases where there is more than one Tenant; and the necessary grammatical changes required
to make the provisions hereof apply either to corporations, limited liability companies or other organizations, partnerships or other entities, or individuals, shall be assumed in all cases as though fully expressed in each case. In all cases where
there is more than one Tenant, the liability of each shall be joint and several. Landlord shall have the right, at its discretion, to enforce Landlord’s rights under this Lease against each entity signing this Lease as Tenant, individually, or
against all of such Persons collectively, so that any one of the entities signing this Lease as Tenant shall be bound to the provisions of this Lease and shall be required to pay all of the Rent and other amounts from time to time owed by Tenant
under this Lease. 
 31.04 Definition of Landlord. The term “Landlord” as used in this Lease means only the
owner or owners at the time being of the Premises so that in the event of any assignment, conveyance or sale, once or successively, of the Premises, or any assignment of this Lease by Landlord, said Landlord making such sale, conveyance or
assignment shall be and hereby is entirely freed and relieved of all covenants and obligations of Landlord hereunder, if any, accruing after such sale, conveyance or assignment, and Tenant agrees to look solely to such purchaser, grantee or assignee
with respect thereto. This Lease shall not be affected by any such assignment, conveyance or sale, and Tenant agrees to attorn to the purchaser, grantee or assignee. 

31.05 Headings. The headings of Articles and Sections are for convenience only and do not limit, expand or construe the contents
of the Articles or Sections. 
 31.06 Time of Essence. Time is of the
essence of this Lease and of all provisions hereof. 
 31.07 Default Rate
of Interest. All amounts, including, without limitation, all Rent, owed by Tenant to Landlord pursuant to any provision of this Lease shall bear interest from the date due until paid at the lesser
of: (a) the greater of (i) five percent (5%) in excess of the rate of interest announced from time to time by Wells Fargo Bank, National Association (or its successors and assigns), as its prime, reference or corporate base rate
(“Prime”), changing as and when said Prime rate changes, or (ii) ten percent (10%) per annum; or (b) the maximum rate permissible by law (“Default Interest”). 

31.08 Severability. The invalidity of any provision of this Lease shall not impair or affect in any manner the validity,
enforceability or effect of the rest of this Lease. 
 31.09 Entire Agreement. All understandings and agreements, oral or
written, heretofore made between the parties hereto are merged in this Lease which fully and completely expresses the agreement between Landlord (and its beneficiaries, if any, and their agents) and Tenant with respect to the lease of the Premises.
Notwithstanding anything in this Agreement to 

  
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 the contrary, upon the execution and delivery of this Lease by Landlord and Tenant, (a) this Lease shall
supersede any previous discussions, agreements and/or term or commitment letters relating to this Lease, (b) the terms and conditions of this Lease shall control notwithstanding that such terms are inconsistent with or vary from those set forth
in any of the foregoing agreements, and (c) this Lease may only be amended by a written agreement executed by Landlord and Tenant. The provisions of this Section shall survive the expiration or earlier termination of this Lease. 

31.10 Force Majeure. If either party fails to perform timely any of the terms, covenants and conditions of this Lease on such
party’s part to be performed and such failure is due in whole or in part to any strike, lockout, civil disorder, inability to procure materials at commercially reasonable rates, prolonged failure of power, riots, insurrections, war, fuel
shortages, accidents, casualties, acts of God, acts caused directly or indirectly by the other party (or such other party’s agents, employees, contractors, licensees or invitees) or any other cause beyond the reasonable control of such party
(expressly excluding, however, the obligations imposed upon Tenant with respect to Base Rent and any other Rent to be paid hereunder) (“Force Majeure”), then such party shall not be deemed in default under this Lease as a result of
such failure and any time for performance by such party provided for herein shall be extended by the period of delay resulting from such cause. 

31.11 Memorandum of Lease. This Lease shall not be recorded. However, a memorandum of this Lease in the form attached hereto as
Exhibit G shall be executed, in recordable form, by both parties concurrently herewith and may be recorded by Tenant, at Tenant’s expense, with the official charged with recordation duties for the county in which the Premises is located,
with directions that it be returned to Tenant. If, and when, an original memorandum of Lease is returned to Tenant following recording, Tenant shall furnish a copy of same to Landlord. 

31.12 No Construction Against Preparer. This Lease has been prepared by Tenant and its professional advisors and reviewed by
Landlord and its professional advisors. Landlord, Tenant and their separate advisors believe that this Lease is the product of their joint efforts, that it expresses their agreement, and that it should not be interpreted in favor of either Landlord
or Tenant or against either Landlord or Tenant merely because of their efforts in its preparation. 
 31.13 Waiver of
Landlord’s Lien. Notwithstanding anything contained herein to the contrary, Landlord hereby waives any statutory liens and any rights of distress with respect to Tenant’s Personalty. This Lease does not
grant a contractual lien or any other security interest to Landlord or in favor of Landlord with respect to Tenant’s Personalty. Respecting any mortgagee or other lender of Tenant having a security interest in Tenant’s Personalty
(“Tenant’s Mortgagee”), Landlord agrees as follows: (a) to provide Tenant’s Mortgagee, upon written request of Tenant (accompanied by the name and address of Tenant’s Mortgagee), with a copy of any
default notice(s) given to Tenant under this Lease; provided, however, that (i) Landlord acknowledges and agrees that with respect to Wells Fargo Bank, National Association, as agent, as Tenant’s Mortgagee, such Tenant request shall be
deemed to have been made as of the Effective Date and (ii) the failure to deliver such notice shall not constitute a default by Landlord hereunder, and (b) to allow Tenant’s Mortgagee, prior to any termination of this Lease or
repossession of the Premises by Landlord, the same notice rights and period of time to cure such 

  
 54 

 default as is allowed Tenant under this Lease, and (c) to permit Tenant’s Mortgagee to go upon the
Premises for the purpose of removing Tenant’s Personalty any time within ninety (90) days after the effective date of any termination of this Lease or any repossession of the Premises or any part thereof by Landlord. Landlord further
agrees to execute and deliver the form of written waiver reasonably requested by Tenant’s Mortgagee from time to time to evidence or effect the aforesaid waiver and agreements of Landlord or substantially in the form attached hereto as
Exhibit F. 
 31.14 Investment Tax Credits. Landlord expressly waives and relinquishes in favor of Tenant any rights to
claim the benefit of or to use any federal or state investment tax credits that are currently, or may become, available during the Term as a result of any installation of any equipment, furniture or fixtures installed by Tenant in or on the Premises
whether or not such items become a part of the realty and agrees, without cost or liability to Landlord, to execute and deliver to Tenant any election form reasonably required to evidence Tenant’s right to claim investment tax credits. 

31.15 Signage. Tenant shall be entitled to place signs upon the Premises subject to any applicable Laws or any applicable REAs[
or Overleases]. 
 31.16 Definition of CPI. “CPI” means the Consumer Price Index which is designated for the
applicable month of determination as the United States City Average for All Urban Consumers, All Items, Not Seasonally Adjusted, with a based period equaling 100 in 1982–1984, as published by the United States Department of Labor’s Bureau
of Labor Statistics or any successor agency. In the event that the Consumer Price Index ceases to be published, its successor index as published by the same governmental authority which published the Consumer Price Index shall be substituted and any
necessary reasonable adjustments shall be made by Landlord and Tenant in order to carry out the intent of this Lease. In the event there is no successor index, Landlord shall reasonably select an alternative price index that will constitute a
reasonable substitute for the Consumer Price Index. “CPI Increase” shall mean the percentage change in the CPI from the month that is two months prior to the immediately preceding Adjustment Date to the CPI for the month that is two
months prior to the applicable Adjustment Date. For purposes of calculating the CPI Increase for the January 1, 2017 Adjustment Date, the immediately preceding Adjustment Date shall be considered to be January 1, 2016. 

31.17 Financial Statements.12 

(a) Tenant shall cause Guarantor to deliver to Landlord the following financial statements within thirty (30) days after Landlord’s
request, not more than once per year: 
  

	12 	For breakout lease(s) to Landlords of five or more Property Locations, whether by individual leases or one or more master lease, all of the provisions of Section 31.17 of the Amended and Restated Master Lease (as
amended, restated, replaced, supplemented or otherwise modified from time to time) will be inserted in lieu of the provisions of this Section 31.17 of this breakout lease form. All such insertions of Section 31.17 of the Amended and
Restated Master Lease shall not include references to “(including Spirit Realty Capital, Inc., or, in conjunction with a SpinCo Transaction or following a SpinCo Transaction, such
to-be-spun-off or spun-off entity)”. 

  
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 (i) The most recent income and expense statements for the business at the Premises in the form
of the statement attached hereto as Exhibit J (such information to be subject to the confidentiality and non-disclosure provisions set forth in Section 31.17(c)); and 

(ii) The most recent audited corporate, consolidated balance sheet, statement of operations, statement of stockholders’ equity and
statement of cash flows and all other related schedules for the fiscal period then ended of Guarantor, in each case audited by a nationally recognized accounting firm (such information to be subject to the confidentiality and non disclosure
provisions set forth in Section 31.17(c)). 
 (b) All financial statements to be provided hereunder shall be
prepared in accordance with GAAP. 
 (c) Landlord agrees to treat as confidential, and to not disclose without
Tenant’s written consent, all income and expense statements for the business at the Premises and any other information specific to the Premises (collectively, the “Confidential Information”), provided, however, that
Confidential Information does not include information which (i) is already known to Landlord prior to receipt as evidenced by prior documentation thereof or has been independently developed by Landlord on a
non-confidential basis; (ii) is or becomes generally available to the public other than as a result of an improper disclosure by Landlord or its representatives; (iii) becomes available to Landlord
on a non-confidential basis from a source other than Tenant or any of its representatives, provided that such source is not, to Landlord’s knowledge, bound by a confidentiality agreement with or other
contractual, legal or fiduciary obligation of confidentiality to Tenant with respect to such information; or (iv) is disclosed pursuant to a requirement of a court, administrative agency or other regulatory or governmental body or is disclosed
pursuant to applicable law, rule or regulation. Notwithstanding the foregoing, Landlord may, without the written consent of Tenant, disclose any Confidential Information to any potential buyer, assignee, or other counterparty of Landlord, or
Landlord’s actual or potential financing sources, in each case in connection with any transaction contemplated by Section 12.04 (collectively, “Landlord Counterparties”) or a Mortgagee or trustee in
connection with a securitization or a rating agency involved with respect to such securitization (“Securitization Parties”, collectively with Landlord Counterparties, the “Disclosure Parties”) and the Securitization
Parties may further disclose the Confidential Information solely to B-piece buyers in connection with the securitization or an institutional investor that typically invests in securitizations of this type and
size (“Other Parties”) to the extent the Securitization Parties customarily disclose the same to the Other Parties in connection with the securitization and to the extent requested by the Other Parties; provided that (A) the
Securitization Parties and the Other Parties are advised that the Confidential Information is confidential, and (B) the Confidential Information may not be placed in any prospectus, or other securities offering material or other written
materials by Landlord, or any Mortgagee, trustee or rating agency or any Affiliated Party. In addition, any Disclosure Parties and the Other Parties (other than the rating agencies and potential financing sources which are not required to execute a
Confidentiality Agreement but may only disclose information to parties that have executed a Confidentiality Agreement) shall execute a confidentiality agreement substantially in the form attached hereto as Schedule 31.17(c), or such other
form as reasonably agreed upon by Tenant, Landlord, the Disclosure Parties, and/or the Other Parties (the “Confidentiality Agreement”) in 

  
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 connection with the disclosure of Confidential Information hereunder; provided, however, that any Landlord
Counterparty may disclose such Confidential Information to its actual or potential financing sources that are informed by such Landlord Counterparty of the confidential nature of the Confidential Information and that agree to be bound by the terms
of the Confidentiality Agreement. Notwithstanding anything to the contrary contained in this Section, in no event shall any Confidential Information be disclosed to any retailers. 

(d) All financial statements to be provided hereunder shall be certified by the chief financial officer or administrative member of Tenant (or
other party delivering such financials), which certification shall be in the form of Schedule 31.17(d) attached hereto and shall state that such financial statements (i) are true, complete and correct in all material respects, (ii)
fairly present, in all material respects, the financial condition of Tenant (or other party delivering such financials) as of the date of such reports, and (iii) satisfy the requirements set forth in Section 31.17. If
Tenant (or other party delivering financial statements) discovers that financial statements delivered to Landlord hereunder contain a misstatement or an omission in any material respect, it shall promptly notify Landlord of same and take such
actions as are reasonably necessary to correct, or cause to be corrected, such financial statements; provided, however, in no event shall Tenant (or other party delivering such financials) willfully and intentionally misstate its financial
statements. In no event shall Tenant have any liability to Landlord or its affiliates in respect of any breach of the foregoing certification caused by Tenant’s negligence or gross negligence or, except as set forth in
Section 16.01 and Section 16.02, for failure to perform its obligations under this Section 31.17. Landlord’s sole rights and remedies for a breach of this
Section 31.17 shall be limited to those remedies that are available to Landlord as set forth in Section 16.02 of this Lease. 

(e) Notwithstanding any other provision contained in this Section 31.17, from and after the date when the Guaranty is
no longer in full force or effect, Tenant shall be obligated to deliver financial statements (of the type and having the characteristics described herein) of Tenant, in lieu of causing Guarantor to deliver such financial statements of Guarantor.

 (f) Intentionally Omitted. 

(g) Intentionally Omitted. 

31.18 State-Specific-Provisions.13 

31.19 Counterparts. This Lease may be executed in one or more counterparts, each of which shall be deemed an original. 

31.20 Mortgagee Consent. With respect to any and all provisions of this Lease requiring Landlord’s consent, the refusal or
failure of Landlord’s Mortgagee to grant consent (to the extent required and applicable) shall be a reasonable basis for Landlord to withhold its consent. 

 

	13 	To be added for California properties only. 

  
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 31.21 Waiver of Jury Trial and Certain Damages. Landlord and Tenant hereby
knowingly, voluntarily and intentionally waive the right either may have to a trial by jury with respect to any and all issues presented in any action, proceeding, claim or counterclaim brought by either of the parties hereto against the other or
its successors with respect to any matter arising out of or in connection with this Lease, the relationship of Landlord and Tenant, Tenant’s use or occupancy of the Premises, and/or any claim for injury or damage, or any emergency or statutory
remedy. This waiver by the parties hereto of any right either may have to a trial by jury has been negotiated and is an essential aspect of their bargain. Furthermore, Tenant and Landlord hereby knowingly, voluntarily and intentionally waive the
right each may have to seek punitive, consequential, special and indirect damages from the other or any of its successors and assigns with respect to any and all issues presented in any action, proceeding, claim or counterclaim brought with respect
to any matter arising out of or in connection with this Lease or any document contemplated herein or related hereto. The waiver by Tenant and Landlord of any right each may have to seek punitive, consequential, special and indirect damages has been
negotiated by the parties hereto and is an essential aspect of their bargain. 
 31.22 Forum Selection; Jurisdiction; Venue; Choice of
Law14 
 (a) This Lease shall be construed in accordance with, and this
Lease and all matters arising out of or relating to this Lease (whether in contract, tort or otherwise) shall be governed by, the law of the state where the Premises is located without regard to conflicts of law principles. If any provision of this
Lease or the application thereof shall, to any extent, be invalid or unenforceable, the remainder of this Lease shall not be affected thereby, and each provision of this Lease shall be valid and enforceable to the fullest extent permitted by
applicable Laws. 
 (b) TENANT AND LANDLORD EACH HEREBY CONSENTS TO THE EXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED WITHIN
THE COUNTY WHERE THE PREMISES IS LOCATED, AND EACH IRREVOCABLY AGREES THAT ALL ACTIONS OR PROCEEDINGS ARISING OUT OF OR RELATING TO THIS LEASE SHALL BE LITIGATED IN SUCH COURTS. TENANT AND LANDLORD EACH ACCEPTS, GENERALLY AND UNCONDITIONALLY, THE
EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS, AND WAIVES ANY DEFENSE OF FORUM NON CONVENIENS. 
 (c) TENANT AND LANDLORD EACH ACKNOWLEDGES
THAT THE PROVISIONS OF THIS SECTION 31.22 ARE A MATERIAL INDUCEMENT TO THE OTHER PARTY’S ENTERING INTO THIS LEASE. 
 31.23
No Merger. There shall be no merger of this Lease nor of the leasehold estate created by this Lease with the fee estate in or ownership of the Premises by reason of the fact that the same person, corporation, firm or other entity may
acquire or hold or own, directly or indirectly, (a) this Lease or the leasehold estate created by this Lease or any interest in this Lease or in such leasehold estate, and (b) the fee estate or ownership of the Premises or any interest in

  

	14 	Section 31.22 of the Amended and Restated Master Lease will be inserted in lieu of this provision if the breakout lease is a master lease. 

  
 58 

 such fee estate or ownership. No such merger shall occur unless and until all persons, corporations, firms and
other entities having any interest in (i) this Lease or the leasehold estate created by this Lease, and (ii) the fee estate in or ownership of the Premises or any part thereof sought to be merged shall join in a written instrument
effecting such merger and shall duly record the same. 
 31.24 Intentionally Omitted. 

31.25 Guaranty. Specialty Retail Shops Holding Corp., a Delaware corporation (sometimes referred to “SRSHC” or
“Guarantor”) shall at all times unconditionally guarantee this Lease pursuant to that certain Unconditional Guaranty of Payment and Performance dated as of the Effective Date for the benefit of Landlord
(“Guaranty”). 
 ARTICLE 32. 

[OVERLEASES 
 32.01
Overleases. This Article 32 shall apply regardless of the identity of the Overlandlord. The following provisions shall not substitute for or replace the other provisions in this Lease, except to the extent the following
provisions conflict with the other provisions in this Lease, in which case these following provisions shall govern as to the Premises: 
 (a)
The Premises shall not be used or occupied, or permitted or suffered to be used or occupied, by Landlord or Tenant or any party claiming by or through Landlord or Tenant for any use, purpose or activity which is not permitted by the Overlease for
the Premises. 
 (b) Tenant shall at its sole expense, (i) comply with the Overlease, and with all applicable Legal Requirements
pursuant to the Overlease, and (ii) notwithstanding the requirements of Article 6, comply pursuant to the Overlease with the requirements of all policies of insurance of whatsoever nature which are required to be maintained pursuant to
the Overlease. 
 (c) Tenant acknowledges that this Lease, and Tenant’s occupancy of the Premises, are
subject to and subordinate to the Overlease. Tenant agrees that the terms, covenants, provisions and conditions of the Overlease applying to Landlord as the tenant thereunder shall apply directly to Tenant, and Tenant hereby does and shall assume
and perform fully all the duties, obligations, liabilities and undertakings of Landlord as the tenant under the Overlease, including as Rent under this Lease, payment of all the fixed, basic rents and additional rents and any and all other payments
to be made pursuant to the Overlease, whether arising before, on or after the Effective Date. In the event of any inconsistency between the terms, covenants, provisions and conditions of the Overlease and the terms, covenants, provisions and
conditions of this Lease as the same applies to the Premises or common areas on the Premises, in that the Overlease imposes an obligation or liability on the tenant thereunder (and therefore on Tenant under this Lease by virtue of Tenant’s
assumption thereof) which is stricter or broader or more onerous or not covered by this Lease, then, even though the subject matter may be one which is the same in both the Overlease and this Lease, the terms, covenants, provisions and conditions of
the Overlease with respect to such obligation or liability shall control and be complied with by Tenant. Tenant and Landlord each agrees that it will not do, or cause or suffer to be done, any act (whether of commission or omission) which would
result in a breach of or default under any term, covenant, provision or condition of the Overlease. A default under the Overlease not caused by Tenant shall not constitute a default under this Lease. 

  
 59 

 (d) Landlord shall have no responsibility or liability to provide any services to Tenant with
respect to the Premises, or for performing any of the duties, obligations, liabilities or undertakings of any landlord or tenant under the Overlease as it applies to the Premises. Landlord agrees, however, that in cases where Landlord’s
cooperation is necessary to enforce rights of the tenant under the Overlease, Landlord will use its reasonable efforts to cause the Overlandlord to perform their duties, obligations, liabilities and undertakings thereunder, provided Tenant agrees to
and does bear the expense and reimburse Landlord (immediately upon demand) for any and all expenses including reasonable experts and attorneys’ fees incurred by Landlord in connection therewith. To the extent that to do so does not prejudice or
impair the rights and remedies intended to be enjoyed by Landlord under this Lease and does not in any manner or to any degree impose (with respect to the Overlease) or increase (with respect to this Lease) the duties, obligations, liabilities or
undertakings of Landlord and does not modify or terminate the Overlease, Landlord agrees to otherwise cooperate with Tenant so that all of the rights and benefits of the Overlease intended to be enjoyed by the prime tenant thereunder shall be
available to Tenant, except Tenant shall not have or enjoy any options to cancel or terminate the Overlease, or surrender the premises covered by the Overlease, or to renew or to extend the Overlease (except as provided for in
Section 32.01(q)), or to purchase the fee title, or to exercise rights of first refusal, or have any rights to encumber, assign or sublet the interest of the tenant under the Overlease (except as provided for in Article
12), or rights to build additional buildings or improvements (except as provided for in Articles 11, 14 and 15). At Tenant’s full cost and expense and without expense to Landlord, Tenant may obtain from Overlandlord a non-disturbance agreement in form and substance reasonably acceptable to Tenant. 
 (e) In addition to
other indemnification provisions by Tenant in this Lease, and not in limitation thereof, Tenant hereby agrees to indemnify, save, protect, defend and hold harmless the Landlord Indemnified Parties from and against any and all liabilities, suits,
obligations, fines, damages, penalties, claims, costs, charges and expenses (including experts’ and attorney’s fees) imposed upon or incurred by the Landlord Indemnified Parties, that may be based on or asserted or alleged to be based on
any breach by Tenant of any term, covenant, provision or condition of the Overlease arising before or during the Term of this Lease. 
 (f)
In the event of any Casualty Event, or in the event of any Condemnation of all or part of the Premises, the terms, covenants, provisions and conditions of the Overlease for the Premises shall not be the controlling instrument as between Landlord and
Tenant, but the provisions of this Lease relating to such event shall control exclusively between Landlord and Tenant. 
 (g) Landlord shall
not amend or modify the Overlease without Tenant’s consent, which consent may be withheld, delayed or conditioned at Tenant’s sole discretion, for any reason or for no reason. Landlord shall not voluntarily terminate or consent to any
termination of the Overlease for any reason without Tenant’s written consent, which consent may be withheld, delayed or conditioned at Tenant’s sole discretion, for any reason or for no reason. If either Tenant defaults under the Overlease
or Landlord acts or fails to act in a manner which results in a default under the Overlease, then the other party (upon reasonable advance 

  
 60 

 written notice to the defaulting party, unless the Overlease is in imminent danger of termination, in which case
notice that is feasible under the circumstances shall be given to the defaulting party) may cure such default (but shall have no obligation to do so) if after the notice the defaulting party fails to take steps to effect such cure. 

(h) Subject to Section 32.01(d), the performance by Overlandlord of Overlandlord’s obligations in accordance
with the Overlease, shall, for all purposes, be accepted by Tenant, and shall be deemed to be the performance of such obligations by Landlord under the provisions of the Overlease and also under this Lease to the extent the obligations are the same,
and in such case Tenant shall neither look to Landlord for performance of such obligations nor seek to hold Landlord liable for performance of such obligations or for the manner of performance of such obligations or for any default in performance or
nonperformance of such obligations. 
 (i) Whenever, by reason of Tenant’s assumption of all the obligations contained in the Overlease
as provided in this Article 32 or otherwise, any provision of the Overlease requires the tenant thereunder to make any payment of any money, including the fixed, base rent payable thereunder, or requires such tenant to take any action within
a certain period of time (whether with or without notice), then, notwithstanding that a provision in this Lease calls for such payment to be made or action to be taken at a different time, Tenant shall make such payment to the Overlandlord, Landlord
or other appropriate third party or take such action, as the case may be, within the shorter of the time specified in this Lease or the time specified in the Overlease; and if such payment or other action is required to be paid or taken within a
specified time period after notice or receipt of an invoice, then upon such notice or upon receipt of such invoice, Tenant shall make such payment or take such other action, as the case may be, no later than five (5) business days prior to the
last day of such time period (excluding, however, installments of fixed or base rent or other payments due under the Overlease which shall be paid by Tenant directly to the Overlandlord pursuant to the Overlease). 

(j) Whenever any provision of the Overlease requires the Overlandlord to give notice or submit an invoice to the tenant thereunder and Landlord
has received such notice or invoice but the Overlandlord has not given Tenant such notice or invoice directly, then Landlord shall notify Tenant by sending Tenant a copy of said notice or invoice. Such notification by Landlord to Tenant of said
Overlandlord’s notice or invoice shall for all purposes hereunder be deemed timely given if sent to Tenant within five (5) business days after receipt by Landlord of the notice from Overlandlord. 

(k) Whenever any provision of the Overlease requires the tenant under the Overlease to obtain the Overlandlord’s consent for any purpose,
including obtaining consent prior to the undertaking of an act or proposed act, and Tenant desires such consent, such provision shall for all purposes hereunder be deemed to require the prior written consent of both Overlandlord and Landlord;
provided, however, if Landlord is willing to consent, Landlord, at Tenant’s expense, shall cooperate to a reasonable extent with Tenant to obtain the Overlandlord’s consent provided Tenant pays all Landlord’s expenses, including
reasonable attorneys’ fees, in Landlord’s extending such cooperation. 

  
 61 

 (l) If Tenant contends that Overlandlord is not observing, complying with or performing its
obligations under the Overlease, Tenant shall have the right to notify Landlord of a default of the Overlandlord which notice shall specify the nature of such default. Within five (5) business days after its receipt of such notice, Landlord shall
give written notice to Overlandlord (in the manner required by the Overlease), which notice shall specify the nature of such claimed default in the same manner as was specified in Tenant’s notice to Landlord. Landlord further agrees to extend
assistance to and cooperate with Tenant in order to effectuate a cure of any alleged default, provided that all costs and expenses, including reasonable attorneys’ fees, in connection therewith are borne by Tenant. If (i) Tenant shall have
given written notice to Landlord of such default by the Overlandlord, as aforesaid, (ii) the Overlease allows withholding of such payments from the Overlandlord and (iii) Landlord consents in writing, Tenant also shall have the right to
withhold payments of that portion of the Overlease rent payable to the Overlandlord which is payable by Landlord (as tenant) at that time under the Overlease in accordance with the applicable provision, if any, of the Overlease allowing such
withholding of rent. Tenant agrees that it will defend, indemnify and hold harmless the Landlord Indemnified Parties from and against any and all Losses arising from or related to any matter described in this
Section 32.01(l). 
 (m) Whenever in this Lease rights or privileges are granted to Landlord or Tenant with respect
to any matter or thing, such rights or privileges shall be exercisable by Landlord insofar as the same are not inconsistent with, or in violation of, the terms, covenants and conditions of the Overlease with respect to the same matter or thing and
the terms, rights and privileges granted to Landlord and Tenant herein, but where the rights and privileges granted by the Overlease to the tenant thereunder exceed the rights and privileges granted in this Lease to Landlord or Tenant, then Landlord
or Tenant shall exercise such rights and privileges only to the extent expressly permitted herein if the result of exercising the greater rights or privileges in the Overlease would be detrimental to the other party hereto. 

(n) Subject to the other provisions of this Article 32, if the Overlease would need to be extended by Landlord exercising an extension
option in the Overlease in order to match Tenant’s exercise of an Extension Option under this Lease, then, as a condition for Tenant’s Extension Option to be validly exercised under this Lease, Tenant must give Landlord notice of
Tenant’s exercise of the Extension Option under this Lease at least thirty (30) days prior to the deadline set forth in the Overlease for validly exercising the extension option under the Overlease, time being of the essence. 

(o) Upon Tenant’s written notice, Landlord, subject to the proviso in this sentence and subject also to the other provisions and
conditions in this Article 32, shall from time to time exercise Landlord’s rights to the extent necessary and to the extent available to Landlord, in order to extend the term of the Overlease until at least the Expiration Date applicable
to the Premises; provided, however Landlord need not (i) exercise its extension rights if on the date Landlord’s notice of extension of the Overlease is to be given to the landlord under the Overlease (“Overlandlord”), a
Default on the part of Tenant then exists under this Lease, and (ii) exercise the extension of the Overlease until the one hundred eightieth (180th) day prior to the deadline for exercising the Overlease extension pursuant to its terms (or until the
first (1st) day that the Overlease extension option may be exercised by Landlord if such date would 

  
 62 

 occur less than one hundred eighty (180) days after the date of Tenant’s notice advising Landlord to
exercise the extension option), and Landlord simultaneously provides Tenant with written confirmation of same. In the event Landlord fails to timely exercise the extension option, as provided above, Landlord hereby grants Tenant the right to
exercise such extension option on Landlord’s behalf and, in furtherance thereof, grants Tenant a limited power of attorney to acknowledge, deliver and execute, on Landlord’s behalf, such documentation as is required to effectuate the
exercise of the extension option. Tenant shall provide Landlord with copies of any documentation relating to Tenant’s exercise of an extension option made on Landlord’s behalf. To the extent that the term of the Overlease, as extended,
extends beyond the Expiration Date for the Premises, Landlord, at its sole cost and expense, bears the obligation to pay any rent applicable to such period under the Overlease. If Tenant does not request that Landlord (or Landlord is not required
due to Tenant’s Default as described above) to exercise any option available to Landlord to extend the term of the Overlease and Landlord does not, in fact, exercise such extension option, then (i) this Lease shall terminate,
(ii) Tenant shall surrender to Landlord the Premises, and (iii) Tenant shall have no further responsibility to Landlord with respect to the Premises, except for such indemnity or other provisions of this Lease which may survive by their
terms. 
 (p) As to any period before the end of the initial Term of this Lease with respect to the Premises, Tenant shall have the right to
notify Landlord by sending Landlord a written notice stating expressly that Tenant desires Landlord not to exercise an extension option under the Overlease and that Tenant desires the Overlease to expire. The notice must be received by Landlord not
less than one hundred twenty (120) days before the last day on which Landlord is required to exercise its extension option under the Overlease, time being of the essence. If Landlord receives such notice, Landlord may either intentionally fail
to exercise the Overlease extension option and permit the Overlease to expire, or Landlord may exercise its extension option for Landlord’s own account. In either case, (i) this Lease shall terminate, (ii) Tenant shall surrender to
Landlord the Premises, and (iii) Tenant shall have no further responsibility to Landlord with respect to the Premises, except for such indemnity or other provisions of this Lease which may survive by their terms. 

(q) When Landlord sends a notice to the Overlandlord extending the term of the Overlease, Landlord will send a copy of that notice to Tenant.
Within thirty (30) days after receipt by Landlord of a notice from Tenant extending this Lease in accordance with and subject to the provisions and conditions in Sections 32.01(n), (o) and (p), Landlord will send its own
extension notice to the Overlandlord (when extension is necessary) extending the Overlease. If Tenant does not receive from Landlord the copy of Landlord’s extension notice to the Overlandlord by the thirtieth (30th) day after the date Tenant
had sent its own valid notice to Landlord and also has not received a notice from Landlord disputing Landlord’s duty to exercise an option to extend the Overlease, then, in such case, Tenant itself may exercise the extension option under the
Overlease, on Landlord’s behalf and acting in place and stead of Landlord, by notice to the Overlandlord. 
 (r) If the Overlease does
not contain sufficient extension options for Landlord (as tenant thereunder) to be able to keep granting Tenant extensions thereof as to the Premises to match the term of this Lease or Tenant’s exercise of an extension option in accordance with
this 

  
 63 

 Lease with respect to the Premises, and the leasehold estate of the Premises shall therefore expire before the
then current term of this Lease will have expired, then in each such case (i) this Lease shall terminate, (ii) Tenant shall surrender to Landlord the Premises, and (iii) Tenant shall have no further responsibility to Landlord with
respect to the Premises, except for such indemnity or other provisions of this Lease which may survive by their terms. 
 (s) Landlord hereby
agrees to indemnify, save, protect, defend and hold Tenant harmless from and against any and all actual damages and out-of-pocket costs and expenses (including
experts’ and attorneys’ fees) imposed upon or incurred by Tenant as a result of any default under the Overlease on behalf of the tenant thereunder that is directly the result of the actions of Landlord or omissions of Landlord including,
but not limited to, (i) a transfer or assignment in breach of the Overlease, or (ii) the failure of Landlord to pay rents and/or other amounts due under the Overlease where an Overlease Reserve has been established for such amounts;
provided, however, Landlord hereby agrees to indemnify, save, protect, defend and hold Tenant harmless from and against any and all Losses resulting from the occurrence of an event described in clauses (i) and/or (ii) above.] 

[SIGNATURES CONTAINED ON FOLLOWING PAGE] 

  
 64 

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

											
	LANDLORD:	 		 	 TENANT:

			
	[                    ],	 		 	 SHOPKO STORES OPERATING CO., LLC,
 a
Delaware limited liability company

				
	a [                    ]	 		 		 	
		 		 		 		 	By:	 	  

		 		 		 		 	Name:	 	  

	By:	 		 	  
	 		 	Its:	 	  

	 Name:
 Its:
	 		 		 		 		 	

  
 65 

 EXHIBIT A 

Legal Description 

 EXHIBIT B 

INTENTIONALLY OMITTED 

 EXHIBIT C 

FORM OF ESTOPPEL LETTER 

TO: 
 Re: Leasehold interest in
property located at                     (the “Property”) pursuant to a Lease
dated                         (the “Lease”)
between                     (“Landlord”)
and                         (“Tenant”) 

Ladies and Gentlemen: 
 The
following statements are made for your benefit and the benefit of your Mortgagees, successors, and assigns (the “Beneficiaries”). The undersigned hereby certifies to the Beneficiaries that the following statements are true, correct
and complete as of the date hereof: 
 1. The Lease is unmodified and is presently in full force and effect and represents the entire
agreement between Tenant and Landlord with respect to the Property. 
 2. Tenant began paying rent under the Lease
on                    . Tenant is currently paying
$                     per month as rent and
$                     for other charges under the Lease. 

3. Neither Landlord nor Tenant is in default under the Lease. To the knowledge of the undersigned, no event has occurred that with the giving
of notice, the passage of time, or both, would constitute a default under the Lease. 
 4. The leased premises have been completed in
accordance with the terms of the Lease and Tenant is in occupancy, open for business and paying rent on a current basis with no rental offsets or claims. 

5. Tenant has not prepaid rent other than as provided for in the Lease or as stated above. 

6. There are no actions, whether voluntary or otherwise, pending against the undersigned under the bankruptcy laws of the United States or any
State thereof. 
 7. The Lease has not been assigned nor has the Property been sublet. 

8. Tenant has no existing defenses, offsets, liens, claims or credits against the payment obligations under the Lease. 

9. The expiration date of the Lease
is                         (the “Expiration Date”). Tenant has not been granted any options or rights to
terminate the Lease earlier than the Expiration Date. 

 10. Tenant is currently not a party to any lease or sublease affecting the Property, other than
the Lease. 
 EXECUTED as of the         day
of                     . 
  

	
	        [                    ]
	        By:                             
                                         
          
	        Name:                             
                                         
     
	        Title:                             
                                         
       

 EXHIBIT D 

FORM OF SUBLEASE NON-DISTURBANCE AGREEMENT  

SUBLEASE RECOGNITION AGREEMENT 

THIS SUBLEASE RECOGNITION AGREEMENT (“Agreement”), made as
of                         , 20    , by and between
                                , a
                                (“Landlord”)
and                             ,
a                                (“Subtenant”). 

R E C I T A L S: 

A. Landlord
and                         (“Tenant”) have entered into a certain [amended and restated] lease (the
“Lease”) dated as of                         , 20[     ], [a memorandum of which has been
recorded in the Recorder of Deeds Office in and for
                    County,                    
             ,] which demises certain real property located at (the “Property Location”), which Property Location is more particularly described on Exhibit
“A” attached hereto and made a part hereof. 
 B. Pursuant to a Sublease dated as
of                             , 20     (the “Sublease”), Tenant has
leased to Subtenant                                 of the Property Location (the
“Subleased Property Location”), and which Subleased Property Location is more particularly described in the Sublease. 
 C.
The parties hereto desire to effectuate the provisions of Section 12.03 of the Lease with respect to the Sublease and the Subleased Property Location. 

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties hereto, intending to be legally bound
hereby, agree as follows: 
 1. Landlord warrants and represents as follows: 

a. that it is the fee owner of the Property Location; 

b. that the Lease is unmodified (except as may be otherwise set forth in Exhibit B annexed hereto, if any) and is in full force and
effect; 
 c. that the term of the Lease expires
on                             , but is subject
to                         extension periods of            
(         ) years each; and 
 d. that Tenant is not in default under the Lease nor has any event
occurred which would after notice to Tenant and the passage of time become a default of Tenant under the Lease. 
 2. Landlord hereby
acknowledges receipt of a copy of the Sublease, and agrees the exercise by Subtenant of any of its rights, remedies and options contained therein shall not constitute a default under the Lease. 

 3. Landlord shall not, in the exercise of any of the rights arising or which may arise out of the
Lease or of any instrument modifying or amending the same or entered into in substitution or replacement thereof (whether as a result of Tenant’s default or otherwise), disturb or deprive Subtenant in or of its possession or its rights to
possession of the Subleased Property Location or of any right or privilege granted to or inuring to the benefit of Subtenant under the Sublease, provided that Subtenant is not in default under the Sublease beyond the expiration of any applicable
notice and cure period. 
 4. In the event of the termination of the Lease by reentry, notice, conditional limitation, surrender, summary
proceeding or other action or proceeding, or otherwise, or, if the Lease shall terminate or expire for any reason before any of the dates provided in the Sublease for the termination of the initial or renewal terms of the Sublease and if immediately
prior to such surrender, termination or expiration the Sublease shall be in full force and effect, Subtenant shall not be made a party in any removal or eviction action or proceeding nor shall Subtenant be evicted or removed of its possession or its
right of possession of the Subleased Property Location be disturbed or in any way interfered with, and the Sublease shall continue in full force and effect as a direct lease between Landlord and Subtenant. 

5. Landlord hereby waives and relinquishes any and all rights or remedies against Subtenant, pursuant to any lien, statutory or otherwise, that
it may have against the property, goods or chattels of Subtenant in or on the Subleased Property Location. 
 6. All notices, demands,
designations, certificates, requests, offers, consents, approvals, appointments and other instruments given pursuant to this Agreement shall be in writing and given by any one of the following: (a) hand delivery; (b) express overnight
delivery service; (c) certified or registered mail, return receipt requested; or (d) facsimile or E-Mail transmission, and shall be deemed to have been delivered upon (i) receipt, if hand
delivered; 
 (ii) the next Business Day, if delivered by a reputable express overnight delivery service; (iii) the third Business Day
following the day of deposit of such notice with the United States Postal Service, if sent by certified or registered mail, return receipt requested; or (iv) transmission, if delivered by facsimile or
E-Mail transmission. Notices shall be provided to the parties and addresses (or electronic mail addresses) specified below: 

If to the Landlord, at: 
  

                       
                          

                       
                          

                       
                          

Attention:                     
            
 If to the Subtenant, at: 

 

                       
                          

                       
                          

Attention:                     
            

 If to the Tenant: 
  

                       
                          

                       
                          

Attention:                     
            
 with a copy to: 

 

                       
                          

                       
                          

Attention:                     
            
 or to such other address or such other person as either party may
from time to time hereafter specify to the other party in a notice delivered in the manner provided above. 
 7. No modification, amendment,
waiver or release of any provision of this Agreement or of any right, obligation, claim or cause of action arising hereunder shall be valid or binding for any purpose whatsoever unless in writing and duly executed by the party against whom the same
is sought to be asserted. 
 8. This Agreement shall be binding on and shall inure to the benefit of the parties hereto and their respective
heirs, legal representatives, successors, assigns and sublessees. 
 [THIS SPACE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed under seal the date
first above written. 
 WITNESS/ATTEST: 
  

							
		 		 	LANDLORD:
		 		 	                                    
                                        
,a                        
		 		 	  

		 		 	  

	  
	 		 	By:	 	                                      
                                         
                 
		 		 	Name:
		 		 	Title:
		 		 	SUBTENANT:
		 		 	                                    
                                        
,a                        
		 		 	  

		 		 	  

	  
	 		 	By:	 	  

		 		 	Name:
		 		 	Title:

 TENANT’S CONSENT 

Tenant consents and agrees to the foregoing Agreement, which was entered into at Tenant’s request. The foregoing Agreement shall not
alter, waive or diminish any of Tenant’s obligations under the Lease or Sublease. Tenant is not a party to the above Agreement. 
  

							
		 		 	TENANT:
		 		 	                                    
                                        
,a                        
		 		 	  

		 		 	  

	  
	 		 	 By:
	 	
                   
                                         
                                    

		 		 	 Name:

		 		 	 Title:

 LIST OF EXHIBITS 

If any exhibit is not attached hereto at the time of execution of this Agreement, it may thereafter be attached by written agreement of the
parties, evidenced by initialing said exhibit. 
 Exhibit “A”—Legal Description of the Property Location 

 LANDLORD’S ACKNOWLEDGMENT 

STATE OF     : 

                        : SS 

COUNTY OF : 
 On this, the
     day of                                 ,
20     , before me a Notary Public in and for the State and County noted above, the undersigned officer, personally
appeared                         , who acknowledged that he/she is
the                         of
                                 , a
                                 , and that he/she, being authorized to do
so, executed the foregoing instrument for the purposes therein contained by signing the name of the company by himself/herself as such officer. 

In witness whereof, I hereunto set my hand and official seal. 

 

	
	                                      
                                   [Seal]
	Notary Public

 My Commission Expires: 

                      
              , 200     

 SUBTENANT’S ACKNOWLEDGMENT 

STATE OF     : 

                        : SS 

COUNTY OF : 
 On this, the
     day of                                 ,
20     , before me a Notary Public in and for the State and County noted above, the undersigned officer, personally
appeared                         , who acknowledged that he/she is
the                         of
                                 , a
                                 , and that he/she, being authorized to do
so, executed the foregoing instrument for the purposes therein contained by signing the name of the company by himself/herself as such officer. 

In witness whereof, I hereunto set my hand and official seal. 

 

	
	                                      
                                   [Seal]
	Notary Public

 My Commission Expires: 

                      
              , 200     
  

 EXHIBIT E 

FORM OF MORTGAGEE NON-DISTURBANCE AGREEMENT 

 
  

 
  

 
 (Lender) 

- and - 

 
 (Tenant) 

 
  

SUBORDINATION, NON-DISTURBANCE AND 

ATTORNMENT AGREEMENT 
  

 

                       
                                 Dated:       
              As
of                                        
    

                       
                                 PREPARED BY AND UPON 

                       
                                 RECORDATION RETURN TO: 

 
  

 
  

 
  

 
  

  
 E-1 

 THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT
AGREEMENT (this “Agreement”) is made as of the     day
of                        , 20[        ], by and
between                                    ,
a                                    , having its principal place of
business at                                (together with its successors and/or assigns,
“Lender”) and                                    ,
a                             having an address
at                                         
                “Tenant”). 
 RECITALS:

 A. Lender has advanced a loan to
                                         
               , a                     
                                         
(“Borrower”) in the principal sum of
                                     DOLLARS
($                                     ) (the
“Loan”) advanced pursuant to that certain Loan Agreement of even date herewith between Borrower and Lender (together with all extensions, renewals, modifications, substitutions and amendments thereof, the “Loan
Agreement”). 
 B. The Loan is secured by, among other things, the Security Instrument (as defined in the Loan Agreement) which
grants Lender a first lien on the Properties (as defined in the Loan Agreement) encumbered thereby and is further evidenced by the Note (as defined in the Loan Agreement). 

C. Borrower has entered into a certain Lease Agreement dated as of the date hereof (the “Lease”) with Tenant, which Lease
relates to the Properties. 
 D. Tenant has agreed to confirm the subordination of the Lease to the Security Instrument and to the liens
thereof on the terms and conditions hereinafter set forth. 
 AGREEMENT: 

For good and valuable consideration, Tenant and Lender agree as follows: 

1. Subordination. The Lease is and shall at all times be subject and subordinate in all respects to the terms, covenants
and provisions of the Security Instrument and to the liens thereof, including without limitation, all renewals, increases, modifications, spreaders, consolidations, replacements and extensions thereof and to all sums secured thereby and advances
made thereunder with the same force and effect as if the Security Instrument had been executed, delivered and recorded prior to the execution and delivery of the Lease. 

2. Non-Disturbance and Attornment. If Lender or any other subsequent purchaser of
the Properties shall become the owner of the Properties by reason of the foreclosure of the Security Instrument or the acceptance of a deed or assignment in lieu of foreclosure or by reason of any other enforcement of the Security Instrument (Lender
or such other purchaser being hereinafter referred to as “Purchaser”), provided no event of default exists under the Lease, (a) Purchaser shall not (i) disturb Tenant’s possession of the Properties nor (ii) name
Tenant as a party to any foreclosure or other proceeding to enforce the Willis of the Security Instrument and (b) any sale or other transfer of the Properties or of Borrower’s interest in the Lease, pursuant to foreclosure of the Security
Instrument or the acceptance of a deed or assignment in lieu of 

  
 E-2 

 
foreclosure or by reason of any other enforcement of the Security Instrument, will be subject and subordinate to Tenant’s possession and rights under the Lease; and (c) the Lease shall
not be terminated or affected thereby but shall continue in full force and effect as a direct lease between Purchaser and Tenant upon all of the terms, covenants and conditions set forth in the Lease and in that event, Tenant agrees to attorn to
Purchaser and Purchaser by virtue of such acquisition of the Properties shall be deemed to have agreed to accept such attornment, provided, however, that Purchaser shall not be (i) liable for the failure of any prior landlord (any such prior
landlord, including Borrower and any successor landlord, being hereinafter referred to as a “Prior Landlord”) to perform any of its obligations under the Lease which have accrued prior to the date on which Purchaser shall become the
owner of the Properties; (ii) subject to any offsets, defenses, abatements or counterclaims which shall have accrued in favor of Tenant against any Prior Landlord prior to the date upon which Purchaser shall become the owner of the Properties;
(iii) liable for the return of rental security deposits, if any, paid by Tenant to any Prior Landlord in accordance with the Lease unless such sums are actually received by Purchaser; (iv) bound by any payment of rents, additional rents or
other sums which Tenant may have paid more than one (1) month in advance to any Prior Landlord unless such sums are actually received by Purchaser; (v) bound by any modification or amendment of the Lease, or any waiver of the terms of the Lease,
made without Lender’s written consent; or (vi) bound by any consensual or negotiated surrender, cancellation, or termination of the Lease, in whole or in part, agreed upon between Borrower and Tenant, unless effected unilaterally by Tenant
pursuant to the express terms of the Lease. Notwithstanding anything to the contrary contained in this Agreement, in the case of clauses (i) and (ii) herein, the foregoing shall not limit either (1) Tenant’s right to exercise any
offsets, defenses, claims, reductions, deductions or abatements otherwise available to Tenant because of events occurring before or after the date of attornment to the extent Lender has received notice thereof and the opportunity to cure within the
time periods set forth in this Agreement (it being further agreed that offsets, reductions, deductions or abatements under the Lease that were deducted by Tenant prior to the date upon which Purchaser succeeds to the interest of Prior Landlord shall
not be subject to challenge), or (2) Purchaser’s liability for any defaults that continue after the date of attornment that violate Purchaser’s obligations as landlord under the Lease. In the event that any liability of Purchaser does
arise pursuant to this Agreement, such liability shall be limited and restricted to Purchaser’s interest in the Properties and shall in no event exceed such interest. 

3. Notices. All notices required or permitted hereunder shall be given and become effective as provided in the Loan
Agreement. Notices to the Tenant shall be addressed as follows: 
  

	
	  

	  

	  

	Attention:                                    
                                 
	Facsimile
No.:                                        
                     

 and 

  
 E-3 

 
	
	  

	  

	  

	Attention:                                    
                                 
	Facsimile
No.:                                        
                     

 4. Lender’s Right of Access. Tenant agrees that Lender shall have the rights of
access to the Properties for the purpose of curing a default under the Lease as granted to Borrower pursuant to the terms of the Lease and Lender agrees not to disturb the normal business operations of Tenant at such Properties in connection
therewith. 
 5. Notice to Lender. Notwithstanding anything to the contrary in the Lease or this Agreement, before
exercising any offset right or termination right, Tenant agrees that it shall deliver to Lender a copy of any written notice of the breach or default by Borrower giving rise to same (the “Default Notice”), and, thereafter, the
opportunity to cure such breach or default as provided for below. 
 6. Cure. After Lender receives a Default Notice,
Lender shall have a period of thirty (30) days beyond the time available to Landlord under the Lease in which to cure the breach or default by Borrower. Lender shall have no obligation to cure (and shall have no liability or obligation for not
curing) any breach or default by Borrower, except to the extent that Lender agrees or undertakes otherwise in writing. In addition, as to any breach or default by Lender the cure of which requires possession and control of a Property, provided that
Lender undertakes by written notice to Tenant to exercise reasonable efforts to cure or cause to be cured by a receiver such breach or default within the period permitted by this paragraph, Lender’s cure period shall continue for such
additional time (the “Extended Cure Period”) as Lender may reasonably require to either: (a) obtain possession and control of the applicable Property with due diligence and thereafter cure the breach or default with reasonable
diligence and continuity; or (b) obtain the appointment of a receiver and give such receiver a reasonable period of time in which to cure the default. 

7. Proceeds and Awards. Provided that Tenant is not in default under the terms of the Lease (beyond any applicable cure
periods), Lender agrees that, notwithstanding any provision hereof to the contrary, the terms of the Lease shall continue to govern with respect to the disposition of any insurance proceeds or eminent domain awards. 

8. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of Lender, Tenant and Purchaser
and their respective successors and assigns. 
 9. Governing Law. This Agreement shall be deemed to be a contract
entered into pursuant to the laws of the State of
                                         
                and shall in all respects be governed, construed, applied and enforced in accordance with the laws of the State of
                                 . 

  
 E-4 

 10. Miscellaneous. This Agreement may not be modified in any manner or
terminated except by an instrument in writing executed by the parties hereto. If any term, covenant or condition of this Agreement is held to be invalid, illegal or unenforceable in any respect, this Agreement shall be construed without such
provision. This Agreement may be executed in any number of duplicate originals and each duplicate original shall be deemed to be an original. This Agreement may be executed in several counterparts, each of which counterparts shall be deemed an
original instrument and all of which together shall constitute a single Agreement. The failure of any party hereto to execute this Agreement, or any counterpart hereof, shall not relieve the other signatories from their obligations hereunder.
Whenever the context may require, any pronouns used herein shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns and pronouns shall include the plural and vice versa. 

[NO FURTHER TEXT ON THIS PAGE] 

  
 E-5 

 IN WITNESS WHEREOF, Lender and Tenant have duly executed this Agreement as of the date first
above written. 
  

			
	[INSERT LENDER SIGNATURE BLOCK]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[INSERT TENANT SIGNATURE BOCK]
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	 THE UNDERSIGNED ACCEPTS AND AGREES

TO THE PROVISIONS HEREOF:

	
	[INSERT LANDLORD SIGNATURE BLOCK]

			
		
	By:	 	  

		 	Name:
		 	Title:

 ACKNOWLEDGEMENTS 

(To Be Attached) 

  
 E-6 

 EXHIBIT F 

FORM OF LANDLORD AGREEMENT 

LANDLORD AGREEMENT 
 Wells
Fargo Bank, National Association, in its capacity as agent pursuant to the Loan Agreement (as defined below) acting for and on behalf of the parties thereto as lenders (in such capacity, together with its successors and assigns, “Agent”)
and the parties to the Loan Agreement as lenders (collectively, together with their respective successors and assigns, “Lenders”) have entered or are about to enter into financing arrangements
with                     (“Debtor”) pursuant to which Agent has been granted a security interest in all of Debtor’s and certain
of its affiliates’ inventory and other personal property (hereinafter “Personal Property”). For purposes of this Agreement, the term “Personal Property” does not include plumbing and electrical fixtures, heating, ventilation
and air conditioning, wall and floor coverings, walls or ceilings and other fixtures not constituting trade fixtures. Some of the Personal Property has or may from time to time become affixed to or be located on, wholly or in part, the real property
leased by Debtor or its affiliates located at the address listed on Exhibit A attached hereto (the “Premises”).                    
(“Landlord”) is the owner or lessor of the Premises. The term “Loan Agreement” as used herein shall mean the Third Amended and Restated Loan and Security Agreement by and among Debtor, certain of its affiliates, Agent and
Lenders, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 
 In order
for Agent and Lenders to consider making loans or providing other financial accommodations to Debtor or its affiliates in reliance upon the Personal Property as collateral, the undersigned agree as follows: 

1. Landlord waives and relinquishes any landlord’s lien, rights of levy or distraint, claim, security interest or other interest Landlord
may now or hereafter have in or with respect to any of the Personal Property, whether for rent or otherwise. 
 2. Except as otherwise
provided in the lease relating to the Premises between Landlord and Debtor as in effect on the date hereof (the “Lease”), the Personal Property may be installed in or located on the Premises and is not and shall not be deemed a fixture or
part of the real property but shall at all times be considered personal property. 
 3. Agent, at its option, for itself and for the benefit
of Lenders, may enter and use the Premises for the purpose of repossessing, removing, selling or otherwise dealing with any of the Personal Property, and such license shall be irrevocable and shall commence on the date (the “Access Commencement
Date”) which is the earlier of (w) five (5) business days following Landlord’s receipt of written notice from Agent that Agent intends to enter the Premises pursuant to the rights granted to Agent hereunder or (x) five (5)
business days following Agent’s receipt of written notice from Landlord that the Lease has terminated in accordance with Section 4 hereof, and such license shall expire on the date (the “Access Termination Date”) that is ninety
(90) days after the Access Commencement Date; provided, that, (a) for each day from the Access Commencement Date through the earlier of the Access Termination Date or the date on which 

  
 F-1 

 
Agent notifies Landlord in writing that Agent will not be or will no longer be using the Premises pursuant to the rights granted to it hereunder, Agent shall (i) maintain or cause to be
maintained such insurance as is required by the Debtor to be maintained as provided under the Lease, (ii) unless Landlord has otherwise been paid rent in respect of any such period, Agent shall pay the regularly scheduled rent (prorated on a per
diem basis to be determined on a thirty (30) day month) without thereby assuming the Lease or incurring any other Obligations of Debtor and, (iii) without duplication of the payments under clause (ii) above, pay or cause to be paid all
utilities costs attributable to the Premises in accordance with the terms and provisions of the Lease, without thereby assuming the Lease or incurring any other obligations of Debtor, (b) any damage to the Premises caused by Agent or its
representatives will be repaired by Agent at the sole expense of Lenders, (c) Agent agrees to indemnify, defend and hold Landlord harmless from and against any and all damages, losses, claims, judgments, liabilities, costs and expense
(including reasonable attorneys’ fees and expenses) resulting or arising from the activities of Agent on the Premises, except for those damages, losses, claims, judgments, liabilities, costs and expense caused by the gross negligence or willful
misconduct of Landlord, and (d) Landlord shall be entitled to inspect the Premises and to show the Premises to prospective tenants and purchasers from time to time. 

4. Landlord agrees to send notice in writing of any termination of, or default under, or abandonment or surrender under (which constitute a
default under the Lease) the Lease to: 
 Wells Fargo Bank, National Association, as Agent 

Wells Fargo Capital Finance 

One Boston Place, 19th Floor 

Boston, MA 02108 

Attention: Michael Watson, Director 

Telephone: (617) 854-7276 

Fax: (866) 210-8898 

Agent shall have the right, but not the obligation, to cure any default by Debtor under the Lease in the manner and time period provided in the
Lease. Any payment made or act done by Agent to cure any such default shall not constitute an assumption of the Lease or any obligations of Debtor. Any notice required to be to Agent hereunder shall be directed to Agent at the address set forth
above in this Section 4 or such other address as Agent notifies Landlord in writing. 
 5. This Agreement may not be changed or
terminated orally or by course of conduct. Landlord shall notify any purchaser of the Premises or of its business of this Agreement and its terms. This Agreement is binding upon, and inures to the benefit of, Landlord, Debtor and Agent and their
respective successors and assigns. 
 6. Any notice required to be given to Landlord hereunder shall be directed to Landlord at the address
set forth under Landlord’s signature below or such other address as Landlord notifies Agent in writing. 
 7. Entry by Agent or its
agents or representatives upon the Premises shall not be deemed an eviction or a disturbance of Debtor’s use and possession of the Premises or any part 

  
 F-2 

 
thereof, or render Landlord liable to Debtor for damages or abatement of rent or relieve Debtor from the responsibility of performing any of Debtor’s obligations under the Lease, and Debtor
shall have no right or claim against Landlord for or by reason of any such entry or inspection or removal or attempted removal of the Personal Property by Agent or its agents or representatives. 

8. This Agreement shall be governed by and construed in accordance with the laws of the States where the Premises are located. 

Dated this     day of , 20[     ]. 

 

			
	 [NAME OF LANDLORD]

		
	 By:
	 	  

		
	 Name:
	 	  

		
	 Title:
	 	  

		
	 Address:
	 	  

		 	  

  

			
	 Agreed:
	 	
	
	 [NAME OF DEBTOR]

			
		
	 By:
	 	  

		
	 Name:
	 	  

		
	 Title:
	 	
 

			
	
	
WELLS FARGO BANK, NATIONAL ASSOCIATION, as 
Agent

			
		
	 By:
	 	  

		
	 Name:
	 	  

		
	 Title:
	 	  

  
 F-3 

 Exhibit A 

Premises 

  
 F-4 

 ACKNOWLEDGMENT TO BE MADE BY LANDLORD 

(INDIVIDUAL) 
 STATE OF 

ss: 
 COUNTY OF: 

I,                     , a Notary Public
within and for said County, in the State aforesaid, duly commissioned and acting, do hereby certify that on this                     day
of                    , 20[     ], personally appeared before me
                    , the Landlord named in the foregoing Landlord Agreement, to me personally known to be the person who signed said Landlord
Agreement, who, being by me duly sworn and being informed of the contents of said Landlord Agreement, stated and acknowledged under oath that he signed, executed, sealed and delivered same as his free and voluntary act and deed, for the uses,
purposes and considerations therein mentioned and set forth. 
 WITNESS my hand and seal as such Notary Public the day and year in this
certificate above written. 
  

                       
      
 Notary Public 

  
 F-5 

 LANDLORD ACKNOWLEDGMENT 

(PARTNERSHIP) 
 STATE OF 

ss: 
 COUNTY OF: 

I                    , a Notary Public
within and for said County, in the State aforesaid, duly commissioned and acting, do hereby certify that on this                    , day of
                    , 20[     ], personally appeared before me
                     and,
                    ,the Landlord named in the foregoing Landlord Agreement, to me personally known to be the person who signed said Landlord
Agreement, stated and acknowledged under oath that they are Partners of                     the Partnership named in and which executed the said
Landlord Agreement, and that they signed, executed, sealed and delivered same individually and on behalf of the said Partnership, with authority, as their and its free and voluntary act and deed for the uses, purposes and considerations therein
mentioned and set forth. 
 WITNESS my hand and seal as such Notary Public the day and year in this certificate above written. 

 

                       
          
 Notary Public 

  
 F-6 

 LANDLORD ACKNOWLEDGMENT 

(CORPORATION) 
 STATE OF 

ss: 
 COUNTY OF: 

I,                    a Notary Public
within and for said County, in the State aforesaid, duly commissioned and acting, do hereby certify that on this                      day of
                     , 20[    ], personally appeared before me
                    (Name of Signer for Landlord) to me personally known to be the person who signed the foregoing Landlord Agreement, and who, being
by me duly sworn and being informed of the contents of said Landlord Agreement, stated and acknowledged to me under oath that he is
                     (Title) of                  the Corporation
named in and which executed the said Landlord Agreement, and that same was signed, sealed, executed and delivered by him in the name of and on behalf of the said Corporation by authority of its Board of Directors and that the execution of said
Landlord Agreement was his free and voluntary act and deed in his said capacity and acknowledged to me that said Corporation executed the same as its voluntary and was by him voluntarily executed, on behalf of said Corporation for the uses, purposes
and consideration therein mentioned and set forth. 
 WITNESS my hand and seal as such Notary Public the day and year in this certificate
above written. 
  

                       
      
 Notary Public 

  
 F-7 

 DEBTOR ACKNOWLEDGMENT 

(CORPORATION) 
 STATE OF 

ss: 
 COUNTY OF: 

I,                    a Notary Public
within and for said County, in the State aforesaid, duly commissioned and acting, do hereby certify that on this                     day
of                     , 20[    ], personally appeared before
me                     (Name of Signer for Landlord) to me personally known to be the person who signed the foregoing Landlord Agreement, and who,
being by me duly sworn and being informed of the contents of said Landlord Agreement, stated and acknowledged to me under oath that he is
                     (Title) of
                     the Corporation named in and which executed the said Landlord Agreement, and that same was signed, sealed, executed and
delivered by him in the name of and on behalf of the said Corporation by authority of its Board of Directors and that the execution of said Landlord Agreement was his free and voluntary act and deed in his said capacity and acknowledged to me that
said Corporation executed the same as its voluntary and was by him voluntarily executed, on behalf of said Corporation for the uses, purposes and consideration therein mentioned and set forth. 

WITNESS my hand and seal as such Notary Public the day and year in this certificate above written. 

 

                       
      
 Notary Public 

  
 F-8 

 AGENT ACKNOWLEDGMENT 

STATE OF 
 ss: 

COUNTY OF: 

I,                    , a Notary Public
within and for said County, in the State aforesaid, duly commissioned and acting, do hereby certify that on this day of 20[ ], personally appeared before
me                     (Name of Signer for Agent) to me personally known to be the person who signed the foregoing Landlord Agreement, and who, being
by me duly sworn and being informed of the contents of said Landlord Agreement, stated and acknowledged to me under oath that he is
                     (Title) of Wells Fargo Bank, National Association, the national association named in and which executed the said Landlord
Agreement, and that same was signed, sealed, executed and delivered by him in the name of and on behalf of the said national association by authority of its Board of Directors and that the execution of said Landlord Agreement was his free and
voluntary act and deed in his said capacity and acknowledged to me that said national association executed the same as its voluntary and was by him voluntarily executed, on behalf of said national association for the uses, purposes and consideration
therein mentioned and set forth. 
 WITNESS my hand and seal as such Notary Public the day and year in this certificate above written. 

 

                       
  
 Notary Public 

  
 F-9 

 EXHIBIT G 

FORM OF MEMORANDUM OF LEASE 
 This
Instrument Prepared By and Upon 
 Recordation return to: 

Attention: 
 MEMORANDUM OF LEASE

 THIS MEMORANDUM OF LEASE (“Memorandum”) made as of the day of
,                    20[     ], by and
between                    (“Tenant”), and
                , a(n)                    (“Landlord”).

 WITNESSETH: 

1. Premises. Landlord and Tenant have entered into an amended and restated lease (“Lease”)
dated                    , 20     , for that certain real property lying, being and situate in the County
of                     , City of
                    , State
of                    , more particularly described on EXHIBIT A attached hereto and made a part hereof, together with the buildings and
improvements located thereon (the “Premises”). 
 2. Term and Renewal Options. The Lease has an initial term with
respect to the premises    that    expires on [                    ], subject to extension (at Tenant’s
option) as provided therein for two (2) successive additional periods of ten (10) years each. 
 3. Incorporation of
Lease. This Memorandum is for informational purposes only and nothing contained herein shall be deemed to in any way modify or otherwise affect any of the terms and conditions of the Lease, the terms of which are incorporated herein by
reference. This instrument is merely a memorandum of the Lease and is subject to all of the terms, provisions and conditions of the Lease. In the event of any inconsistency between the terms of the Lease and this instrument, the terms of the Lease
shall prevail. 
 4. Binding Effect. The rights and obligations set forth herein shall be binding upon and inure to the benefit
of the parties hereto and their respective heirs, personal representatives, successors and assigns. 
 [Signatures follow on next page] 

  
 G-1 

 IN WITNESS WHEREOF, the parties have executed this Memorandum of Lease as of the day and
year first above written. 
  

							
	Witnesses or Attest (as to Landlord):	 		 	 LANDLORD:

			
		 		 	                                    
                                        ,
a                    
		 		 	  

		 		 	  

	  
	 		 	By:                                   
                                         
                                       
		 		 	Print Name:                                 
                                         
                         
	  
	 		 	Print
Title:                                        
                                         
                    
		 		 	Date:                     , 20    
			
	Witnesses or Attest (as to Landlord):	 		 	TENANT:
			
		 		 	                                    
                                        ,
a                    
		 		 	  

		 		 	  

	  
	 		 	By:                                   
                                         
                                       
		 		 	Print Name:                                 
                                         
                         
	  
	 		 	Print
Title:                                        
                                         
                    
		 		 	Date:                     , 20    

  
 G-2 

					
	STATE OF	  	)	  	
		  	)	  	SS:
	COUNTY OF	  	)	  	

 I, the undersigned, a Notary Public in and for said County in said State, hereby certify
that                    , whose name
as                        of              
      , a                    , is signed to the foregoing instrument, who is known to me, acknowledged before me on this
day that, being informed of the contents of the instrument, he, as such officer and with full authority, executed the same voluntarily for and as the act of
said                                . 

Given under my hand and official seal this         day
of                    , 20     
  

					
	  
 Notary Public
	 	
	State
of                                     	 	
	My Commission expires:    	 	

  

					
	STATE OF	  	)	  	
		  	 )
	  	SS:
	COUNTY OF	  	)	  	

 I HEREBY CERTIFY that on this day before me, an officer duly authorized in the state and county named above to
take acknowledgments, personally appeared                     as
                    of
                    , a                     , to
me known to be the person who signed the foregoing instrument as such officer and he/she acknowledged that the execution thereof was his/her free act and deed as such officer for the use and purposes therein expressed and that the instrument is the
act and deed of said                    . 

WITNESS my hand and official seal this        day
of                        , 20    . 

  
 G-3 

 EXHIBIT H 

INTENTIONALLY OMITTED 

  
 H-1 

 EXHIBIT I 

INTENTIONALLY OMITTED 

  
 I-1 

 EXHIBIT J 

FORM INCOME AND EXPENSE STATEMENT 

  
 J-1 

																									
	 	 	  	 	 	  	 	 	  	 	 	  	 	  	Dollar
Variance	 	  	Basis PT
Varian	 
	FY 2014	 	  	FY 2013	 	  	 	  	FY13 VS FY12	 	  	FY13 VS FY12	 
	
ACTUALS
	 	  	% SLS	 	  	ACTUALS	 	  	% SLS	 	  	 	  	ACTUALS	 	  	ACTUALS	 
	 	1,611,883	 	  	 	6.59	 	  	 	1,512,188	 	  				  	NET SALES	  	 	99,695	 	  			
	 	1,206,932	 	  	 	74.88	 	  	 	1,112,483	 	  	 	73.57	 	  	COST OF SALES	  	 	(94,449	) 	  	 	(131	) 
	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  		  	  
	  
	 	  	  
	  
	 
	 	404,950	 	  	 	25.12	 	  	 	399,705	 	  	 	26.43	 	  	SKU GROSS MARGIN	  	 	5,246	 	  	 	(131	) 
	 	3,518	 	  	 	0.22	 	  	 	3,105	 	  	 	0.21	 	  	PURCHASE DISCOUNTS	  	 	412	 	  	 	(1	) 
	 	61,560	 	  	 	3.82	 	  	 	57,239	 	  	 	3.79	 	  	ALLOWANCES	  	 	4,321	 	  	 	3	 
	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  		  	  
	  
	 	  	  
	  
	 
	 	470,028	 	  	 	29.16	 	  	 	460,049	 	  	 	30.42	 	  	MERCHANT MARGIN	  	 	9,979	 	  	 	(126	) 
	 	(3,480)	 	  	 	(0.22	) 	  	 	(3,390	) 	  	 	(0.22	) 	  	ESTIMATED SHRINK EXPENSE	  	 	(91	) 	  	 	—  	 
	 	(7)	 	  	 	0.00	 	  	 	(87	) 	  	 	(0.01	) 	  	PHYSICAL INVENTORY ADJUST.	  	 	80	 	  	 	1	 
	 	(38,237)	 	  	 	(2.37	) 	  	 	(31,195	) 	  	 	(2.06	) 	  	OTHER GM COMPONENTS	  	 	(7,042	) 	  	 	(31	) 
	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  		  	  
	  
	 	  	  
	  
	 
	 	(41, 724)	 	  	 	(2.59	) 	  	 	(34,672	) 	  	 	(2.29	) 	  	FINANCE MARGIN	  	 	(7,052	) 	  	 	(30	) 
	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  		  	  
	  
	 	  	  
	  
	 
	 	428,304	 	  	 	26.57	 	  	 	425,337	 	  	 	28.13	 	  	ADJUSTED GROSS MARGIN	  	 	2,927	 	  	 	(156	) 
	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  		  	  
	  
	 	  	  
	  
	 
	 	2,597	 	  	 	0.16	 	  	 	2,743	 	  	 	0.18	 	  	RENTAL INCOME	  	 	(146	) 	  	 	(2	) 
	 	5,062	 	  	 	0.31	 	  	 	4,613	 	  	 	0.31	 	  	MISCELLANEOUS INCOME	  	 	449	 	  	 	—  	 
	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  		  	  
	  
	 	  	  
	  
	 
	 	7,659	 	  	 	0.48	 	  	 	7,355	 	  	 	0.49	 	  	TOTAL OTHER INCOME	  	 	303	 	  	 	(1	) 
	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	LOSS PREVENTION PAYROLL	  	 	—  	 	  	 	—  	 
	 	76,799	 	  	 	4.76	 	  	 	71,045	 	  	 	4.70	 	  	PAYROLL—EXEMPT	  	 	(5,754	) 	  	 	(6	) 
	 	78,689	 	  	 	4.88	 	  	 	82,451	 	  	 	5.45	 	  	PAYROLL—NONEXEMPT	  	 	3,762	 	  	 	57	 
	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  		  	  
	  
	 	  	  
	  
	 
	 	155,488	 	  	 	9.65	 	  	 	153,496	 	  	 	10.15	 	  	TOTAL PAYROLL	  	 	(1,992	) 	  	 	50	 
	 	1,959	 	  	 	0.12	 	  	 	4,282	 	  	 	0.28	 	  	MANAGER’S PIP	  	 	2,322	 	  	 	16	 
	 	13,347	 	  	 	0.83	 	  	 	13,050	 	  	 	0.86	 	  	BENEFITS & INSURANCE	  	 	(297	) 	  	 	3	 
	 	14,001	 	  	 	0.87	 	  	 	13,716	 	  	 	0.91	 	  	PAYROLL TAXES	  	 	(285	) 	  	 	4	 
	 	6,826	 	  	 	0.42	 	  	 	5,115	 	  	 	0.34	 	  	WRAPPING & SUPPLIES	  	 	(1,711	) 	  	 	(8	) 
	 	10,253	 	  	 	0.64	 	  	 	9,976	 	  	 	0.66	 	  	BANK INTERCHANGE FEES	  	 	(277	) 	  	 	2	 
	 	646	 	  	 	0.04	 	  	 	500	 	  	 	0.03	 	  	FREIGHT EXPENSE—STORES	  	 	(145	) 	  	 	(1	) 
	 	10,666	 	  	 	0.66	 	  	 	6,633	 	  	 	0.44	 	  	MISCELLANEOUS—STORES	  	 	(4,033	) 	  	 	(22	) 
	 	450	 	  	 	0.03	 	  	 	745	 	  	 	0.05	 	  	NET CASH SHORT/BAD DEBT	  	 	295	 	  	 	2	 
	 	8,513	 	  	 	0.53	 	  	 	10,439	 	  	 	0.69	 	  	M&R STORE CONTROLLED	  	 	1,927	 	  	 	16	 
	 	1,536	 	  	 	0.10	 	  	 	1,879	 	  	 	0.12	 	  	TELEPHONE	  	 	343	 	  	 	2	 
	 	13,916	 	  	 	0.86	 	  	 	13,289	 	  	 	0.88	 	  	ELECTRIC, WATER & FUEL	  	 	(627	) 	  	 	2	 
	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  		  	  
	  
	 	  	  
	  
	 
	 	237,602	 	  	 	14.74	 	  	 	233,121	 	  	 	15.42	 	  	TOTAL STORE CONTROLLED EXPENSES	  	 	(4,481	) 	  	 	68	 
	 	6,584	 	  	 	0.41	 	  	 	6,980	 	  	 	0.46	 	  	M&R ISD CONTROLLED	  	 	396	 	  	 	5	 
	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	WAREHOUSE EXPENSES	  	 	—  	 	  	 	—  	 
	 	36,197	 	  	 	2.25	 	  	 	36,197	 	  	 	2.39	 	  	RENT EXPENSE	  	 	—  	 	  	 	14	 
	 	2,388	 	  	 	0.15	 	  	 	2,428	 	  	 	0.16	 	  	INSURANCE-PROP/WC/GL	  	 	40	 	  	 	1	 
	 	10,078	 	  	 	0.63	 	  	 	11,212	 	  	 	0.74	 	  	PROPERTY TAXES	  	 	1,134	 	  	 	11	 
	 	16,820	 	  	 	1.04	 	  	 	18,918	 	  	 	1.25	 	  	ADVERTISING, PROMO & SIGNING	  	 	2,097	 	  	 	21	 
	 	3,389	 	  	 	0.21	 	  	 	189	 	  	 	0.01	 	  	PRE-OPENING	  	 	(3,200	) 	  	 	(20	) 
	 	—  	 	  	 	—  	 	  	 	(1,187	) 	  	 	(0.08	) 	  	EXTRANEOUS	  	 	(1,187	) 	  	 	(8	) 
	 	17,465	 	  	 	1.08	 	  	 	19,825	 	  	 	1.31	 	  	DEPRECIATION/AMORTIZATION	  	 	2,360	 	  	 	23	 
	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	P & A ALLOWANCES	  	 	—  	 	  	 	—  	 
	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  		  	  
	  
	 	  	  
	  
	 
	 	330,522	 	  	 	20.51	 	  	 	327,681	 	  	 	21.67	 	  	TOTAL STORE AND DEPRECIATION EXPENSE	  	 	(2,840	) 	  	 	116	 
	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  		  	  
	  
	 	  	  
	  
	 
	 	122,906	 	  	 	7.63	 	  	 	124,877	 	  	 	8.26	 	  	STORE EBITDA	  	 	(1,970	) 	  	 	(63	) 
	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  		  	  
	  
	 	  	  
	  
	 
	 	12,985	 	  	 	0.81	 	  	 	13,713	 	  	 	0.91	 	  	LSALES	  				  	 	10	 
	 	1,153,030	 	  	 	71.53	 	  	 	1,056,443	 	  	 	69.86	 	  	NET INVENTORY	  				  	 	(167	) 
	 	590,854	 	  	 	36.66	 	  	 	585,236	 	  	 	38.70	 	  	TOTAL PROP. & EQUIP. AT COST	  				  	 	204	 

  
 J-1 

 [EXHIBIT K 

[FORM OF LANDLORD ASSIGNMENT LEASE AGREEMENT]15 

 
  

	15 	To be utilized only if breakout lease is a master lease covering five or more properties. 

  
 K-1 

 [EXHIBIT L 

FORM OF LANDLORD ASSIGNMENT GUARANTY AGREEMENT]16 

 
  

	16 	To be utilized only if breakout lease is a master lease. 

  
 L-1 

 EXHIBIT M 

INTENTIONALLY OMITTED 

  
 M-1 

 SCHEDULE 2.02 

LANDLORD ACH PAYMENT INSTRUCTIONS 

  
 Schedule 2.02 

 SCHEDULE 12.01 

OFFICER’S CERTIFICATE 

(ASSIGNMENT) 
 Pursuant to
Section 12.01(a)(1) of that certain Lease Agreement dated [                    ] (the “Lease”) between
[                            ], as Landlord thereunder, and
[                     ], as Tenant thereunder (capitalized terms used but not defined herein shall have the meanings ascribed to them in the Lease),
Tenant hereby certifies to Landlord as follows: 
 1. The undersigned is the
[                    ] of Tenant. 
 2.
Tenant has assigned its interest in this Lease to [                    ] (“Assignee”), effective as of
[                    ] (“Assignment Effective Date”), and a true and correct copy of the instrument of assignment is attached hereto
and incorporated herein as Exhibit A (the “Assignment”). 
 3. Attached hereto as Exhibit B is an original
officer’s certificate (the “Assignment Officer’s Certificate”) signed by an officer of Assignee certifying that none of the parties identified by Landlord as a 10% or more shareholder of Landlord (on the most recent
written list provided and certified by Landlord) owns, directly or, to Assignee’s actual knowledge after Assignee has made inquiry of its officer or similar person that is responsible for maintaining records regarding the direct ownership of
Assignee, indirectly, (a) ten percent (10%) or more of the total combined voting power of all classes of voting capital stock of Assignee, or (b) ten percent (10%) or more of the total value of all classes of capital stock of Assignee.

 4. As to that portion of the Premises which is subject to the Assignment, Tenant is entitled to (a) termination of its obligations
under the Lease, and (b) except for any liabilities of Tenant which accrued prior to the Assignment Effective Date, to release of any liability under the Lease, due to satisfaction of the following conditions: [(i) Assignee has an investment
rating of BBB or better from Standard and Poor’s (or an equivalent rating or shadow rating from another nationally recognized statistical rating service), or (ii) at the time of the proposed assignment, Assignee (1) has a Tangible Net
Worth of at least Fifty Million Dollars ($50,000,000), and (2) meets or exceeds an EBITDAR Ratio (calculated on a trailing twelve (12) month basis at the time of such test) of 1.60 to 1, and (3) has an annual revenue of at least Six
Hundred Million Dollars ($600,000,000), or (iii) Assignee has a Tangible Net Worth of at least Two Hundred Fifty Million Dollars ($250,000,000)] OR [Tenant has provided to Landlord a guaranty agreement approved by Landlord from an entity that
meets the requirements of Section 12.01(b)(i), (ii) or (iii) of the Lease]. 

  
 Schedule 12.01-2 

 IN WITNESS WHEREOF, I have hereunto signed my name. 

 

			
	By:	 	  

	Name:	 	  

	Title:	 	  

	Dated:	 	  

  
 Schedule 12.01-3 

 SCHEDULE 12.03 

OFFICER’S CERTIFICATE 

(SUBLET) 
 Pursuant to
Section 12.03(f) of that certain Lease Agreement dated [                    ] (the “Lease”) between
[                    ], as Landlord thereunder, and
[                    ], as Tenant thereunder (capitalized terns used but not defined herein shall have the meanings ascribed to them in the Lease),
Tenant hereby certifies to Landlord as follows: 
 1. The undersigned is the
[                    ] of Tenant. 
 2.
Tenant has sublet a portion of the Premises to [                    ] (“Sublessee”), effective as of
[                    ] (“Sublet Effective Date”), and a true and correct copy of the sublease is attached hereto and incorporated
herein as Exhibit A (the “Sublease”). 
 3. Attached hereto as Exhibit B is an original officer’s
certificate (the “Sublease Officer’s Certificate”) signed by an officer of Sublessee certifying that none of the parties identified by Landlord as a 10% or more shareholder of Landlord (on the most recent written list provided
and certified by Landlord) owns, directly or, to Sublessee’s actual knowledge after Sublessee has made inquiry of its officer or similar person that is responsible for maintaining records regarding the direct ownership of Sublessee, indirectly,
(a) ten percent (10%) or more of the total combined voting power of all classes of voting capital stock of Sublessee, or (b) ten percent (10%) or more of the total value of all classes of capital stock of Sublessee. 

4. As to that portion of the Premises which is subject to the Sublease, Sublessee is entitled to an NDA due to satisfaction of the following
conditions: (a) the terms of the Sublease were negotiated on an arm’s length basis with a third party not affiliated with Tenant; (b) the base minimum rent per square foot of the portion of the Premises sublet for the term of the
Sublease is equal to or greater than the Base Rent with respect to the Premises as determined in accordance with the Lease; (c) the terms of the Sublease have substantially the same terms and conditions as the Lease, including, without
limitation, the same lease term with respect to the applicable Property Location, rent escalations, covenants, escrows and reserves and financial reporting requirements (except for such provisions which by their terms are not applicable to the
Premises subject to the Sublease); (d) [as of the Sublease Effective Date, the Sublessee (i) has an investment rating of BBB or better from Standard and Poor’s (or an equivalent rating or shadow rating from another nationally recognized
statistical rating service), or (ii) is a reputable, creditworthy tenant and meets or exceeds an EBITDAR Ratio (calculated on a trailing twelve (12) month basis at the time of such test) of 1.25 to 1, or (iii) has a Tangible Net Worth of
at least Twenty Five Million Dollars ($25,000,000)] OR [Tenant has provided a guaranty approved by Landlord from an entity that meets the requirements set forth in Section 12.03(d)(i), (ii) or (iii) of the Lease], and the Sublease contains
no other material provisions that (i) benefit the Sublessee and are unusual for a “market” sublease of the type in question and (ii) are materially adverse to a landlord. 

  
 Schedule 12.03-1 

 IN WITNESS WHEREOF, I have hereunto signed my name. 

 

			
	By:	 	  

	Name:	 	  

	Title:	 	  

	Dated:	 	  

  
 Schedule 12.03-2 

 SCHEDULE 31.17(c) 

FORM OF CONFIDENTIALITY AGREEMENT 

[Date] 
 [Tenant] 

[Tenant Address] 
  

	Re:	Confidentiality Agreement 

 [Describe the Lease] (the “Lease”) 

Ladies and Gentlemen: 
 Pursuant
to Section 31.17(c) of [Describe the Lease],                    (“Disclosing Party”) may disclose
to                    (“Receiving Party”) income and expense statements for the business at the Premises (as defined in the Lease)
and any other information specific to the Premises (collectively, “Confidential Information”). 
 In consideration of the
Receiving Party being furnished with the Confidential Information, we agree as follows: 
 1. The Confidential Information (and all
Confidential Information derived therefrom, including, without limitation, summaries, analyses, extracts, digests, notes and other documents and computer files reflecting the Confidential Information, or any conversations with management or other
representatives of the Tenant describing or relating to the Confidential Information) shall be kept confidential and shall not be disclosed by us or our directors, officers, employees, agents, consultants, accountants, attorneys or other advisors
(collectively, the “Representatives”), in any manner whatsoever, in whole or in part. The Disclosing Party shall give the Confidential Information only to those Representatives who are informed by us of the confidential nature of
the Confidential Information and who agree to be bound by the terms of this agreement. 
 2. The term “Confidential Information”
shall not include information which (a) is already known to Landlord (defined in the Lease), Disclosing Party or Receiving Party on a non confidential basis prior to receipt as evidenced by prior documentation thereof or has been independently
developed by Landlord, Disclosing Party or other party, (b) is or becomes generally available to the public other than as a result of an improper disclosure by Landlord, Disclosing Party or Receiving Party or its Representatives,
(c) becomes available to Landlord, Disclosing Party or Receiving Party on a non-confidential basis from a source other than Tenant or any of its Representatives, provided that such source is not, to the
knowledge of Landlord, Disclosing Party or Receiving Party, bound by a confidentiality agreement with or other contractual, legal or fiduciary obligation of confidentiality to Tenant with respect to such information or (d) is disclosed pursuant
to a requirement of a court, administrative agency or other regulatory or governmental body or is disclosed pursuant to applicable law, rule or regulation. 

  
 SCHEDULE 31.17(c) - 1

 3. Neither we nor our Representatives shall disclose to any other party the existence or terms of
this agreement, or the fact that the Confidential Information has been made available. 
 4. All communications regarding the Confidential
Information, or requests for additional Confidential Information, must be directed only to the person Tenant may designate in writing for such purpose. 

5. If we or anyone to whom we transmit the Confidential Information pursuant to this agreement is requested or becomes legally compelled (by
depositions, interrogatories, requests for information or documents, subpoenas, civil investigative demands or similar process) to disclose any of the Confidential Information, then, prior to disclosing any Confidential Information, we shall, to the
extent permitted by such request, provide Tenant with prompt written notice so that Tenant may seek a protective order or other appropriate remedy and/or waive compliance with the provisions of this agreement. In the event that such protective order
or other remedy is not obtained, or that Tenant waives compliance with the provisions of this agreement, we shall furnish only that portion of the Confidential Information which is legally required or we have been advised by our legal counsel is
advisable. 
 6. In addition to all other remedies available to Tenant at law or in equity in the event of any breach of the provisions of
this agreement, Tenant shall be entitled to injunctive relief preventing further disclosures or use of the Confidential Information without the necessity of posting a bond or other security, and to specific performance. No failure or delay by Tenant
in exercising any right, power or privilege under this agreement shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise of any right, power or privilege hereunder. 

7. If any unauthorized disclosure or use of the Confidential Information comes to our attention we shall promptly notify Tenant of any such
unauthorized use, including, without limitation, any unauthorized use by us or our Representatives. Upon Tenant’s request, we shall cooperate in assisting Tenant in terminating or preventing any third parties from disseminating or using the
Confidential Information. 
 8. This agreement (a) shall be governed by the laws of the State of New York without regard to the
principles of conflicts of laws, (b) shall bind us and our successors and assigns and inure to the benefit of and be enforceable by Tenant and its successors and assigns and (c) may not be modified or waived except by a writing signed by
Tenant, Disclosing Party and Receiving Party. The invalidity or unenforceability of any provision of this agreement shall not affect the validity or enforceability of any other provisions of this agreement, which shall remain in full force and
effect. 

  
 SCHEDULE 31.17(c) - 2

 Please execute this letter and the enclosed copy in the space provided below and return one copy
to the undersigned, which will then constitute our agreement with respect to the subject matter hereof 
 Very truly yours, 

 

			
	DISCLOSING PARTY
		
	By:	 	  

	Print Name:	 	  

	Title:	 	  

		
	Agreed	 	
	
	RECEIVING PARTY
		
	By:	 	  

	Print Name:	 	  

	Title:	 	  

		
	Agreed	 	
		
	TENANT	 	
		
	By:	 	  

	Print Name:	 	  

	Title:	 	  

  
 SCHEDULE 31.17(c) -3 

 SCHEDULE 31.17(d) 

OFFICER’S CERTIFICATE 

(Financial Reports) 

Pursuant to Section 31.17(d) of that certain Lease Agreement
dated                    , 20[        ] (the “Lease”) between
                    , as Landlord thereunder,
and                    , as Tenant thereunder (capitalized terms used but not defined herein shall have the meanings ascribed to them in the
Lease), [Tenant][SRSHC] hereby certifies to Landlord as follows: 
 1. The undersigned is [the [chief financial officer] [administrative
member] of [Tenant][an officer of SRSHC.]. 
 2. Attached hereto as Exhibit A are the below-described financial statements of [Tenant]
[SRSHC]:                                       
           
  

	
	  

 

 (collectively, the “Financial Statements”). 

3. The Financial Statements are true, complete and correct in all material respects. 

4. The Financial Statements fairly present, in all material respects, the financial condition of [Tenant][SRSHC] as of the date of such
Financial Statements. 
 5. The Financial Statements satisfy all of the requirements set forth in Section 31.17 of the Lease. 

6. The EBITDAR Ratio (as defined in Section 30.06 of the Lease) for [Tenant][ SRSHC] on twelve (12) month trailing basis
is                    [, respectively]. 

IN WITNESS WHEREOF, I have hereunto signed my name. 

 

			
	By:	 	  

	Name:	 	  

	Title:	 	  

		
	Dated:	 	  

  
 SCHEDULE 31.17(d) - 1EX-4.14

 Exhibit 4.14 

SEASPAN CORPORATION, 

AS ISSUER, 
 TO 

                       
                 , 
 AS TRUSTEE 

INDENTURE 

[SUBORDINATED] DEBT SECURITIES 

DATED AS OF                     ,
20     

 Reconciliation and tie between Trust Indenture Act of 1939 (the “Trust Indenture Act”) and Indenture

  

					
	 Trust Indenture Act of 1939
Section
	  	Indenture Section
	 310
	  	(a)(1)	  	6.8
		  	(a)(2)	  	6.8
		  	(a)(3)	  	TIA
		  	(a)(4)	  	Not Applicable
		  	(a)(5)	  	TIA
		  	(b)	  	6.9
			
	 311
	  	(a)	  	TIA
		  	(b)	  	TIA
			
	 312
	  	(a)	  	7.1
		  	(b)	  	7.2
		  	(c)	  	7.2
			
	 313
	  	(a)	  	7.3
		  	(b)	  	7.3
		  	(c)	  	7.3
			
	 (d)
	  		  	7.3
			
	 314
	  	(a)	  	7.4; TIA
		  	(b)	  	Not Applicable
		  	(c)(1)	  	1.2
		  	(c)(2)	  	1.2
		  	(c)(3)	  	Not Applicable
		  	(d)	  	Not Applicable
		  	(e)	  	1.2
		  	(f)	  	1.2
			
	 315
	  	(a)	  	6.1; TIA
		  	(b)	  	6.3
		  	(c)	  	6.1; TIA
		  	(d)(1)	  	6.1; TIA
		  	(d)(2)	  	6.1; TIA
		  	(d)(3)	  	6.1; TIA
		  	(e)	  	5.15; TIA
			
	 316
	  	(a) (last sentence)	  	1.1
		  	(a)(1)(A)	  	5.2; 5.12
		  	(a)(1)(B)	  	5.13
		  	(b)	  	5.8
		  	(c)	  	TIA
			
	 317
	  	(a)(1)	  	5.3
		  	(a)(2)	  	5.4
		  	(b)	  	10.3
			
	 318
	  	(a)	  	1.8
		  	(b)	  	TIA
		  	(c)	  	TIA

 This reconciliation and tie section does not constitute part of the Indenture. 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE 1           DEFINITIONS
AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	 	1	 
			
	         Section 1.1.
	 	Definitions.	  	 	1	 
	         Section 1.2.
	 	Compliance Certificates and Opinions.	  	 	6	 
	         Section 1.3.
	 	Form of Documents Delivered to Trustee.	  	 	7	 
	         Section 1.4.
	 	Acts of Holders.	  	 	7	 
	         Section 1.5.
	 	Notices, Etc. to the Trustee and the Company.	  	 	8	 
	         Section 1.6.
	 	Notice to Holders of Securities; Waiver.	  	 	8	 
	         Section 1.7.
	 	Language of Notices.	  	 	8	 
	         Section 1.8.
	 	Conflict with Trust Indenture Act.	  	 	8	 
	         Section 1.9.
	 	Effect of Headings and Table of Contents.	  	 	8	 
	         Section 1.10.
	 	Successors and Assigns.	  	 	9	 
	         Section 1.11.
	 	Separability Clause.	  	 	9	 
	         Section 1.12.
	 	Benefits of Indenture.	  	 	9	 
	         Section 1.13.
	 	Governing Law.	  	 	9	 
	         Section 1.14.
	 	Legal Holidays.	  	 	9	 
	         Section 1.15.
	 	Counterparts.	  	 	9	 
	         Section 1.16.
	 	Judgment Currency.	  	 	9	 
	         Section 1.17.
	 	No Security Interest Created.	  	 	10	 
	         Section 1.18.
	 	Limitation on Individual Liability.	  	 	10	 
		
	 ARTICLE 2           SECURITIES
FORMS
	  	 	10	 
			
	         Section 2.1.
	 	Forms Generally.	  	 	10	 
	         Section 2.2.
	 	Form of Trustee’s Certificate of Authentication.	  	 	10	 
	         Section 2.3.
	 	Securities in Global Form.	  	 	10	 
		
	 ARTICLE 3           THE
SECURITIES
	  	 	11	 
			
	         Section 3.1.
	 	Amount Unlimited; Issuable in Series.	  	 	11	 
	         Section 3.2.
	 	Currency; Denominations.	  	 	13	 
	         Section 3.3.
	 	Execution, Authentication, Delivery and Dating.	  	 	13	 
	         Section 3.4.
	 	Temporary Securities.	  	 	14	 
	         Section 3.5.
	 	Registration, Transfer and Exchange.	  	 	14	 
	         Section 3.6.
	 	Mutilated, Destroyed, Lost and Stolen Securities.	  	 	16	 
	         Section 3.7.
	 	Payment of Interest and Certain Additional Amounts; Rights to Interest and Certain Additional Amounts Preserved.	  	 	16	 
	         Section 3.8.
	 	Persons Deemed Owners.	  	 	17	 
	         Section 3.9.
	 	Cancellation.	  	 	17	 
	         Section 3.10.
	 	Computation of Interest.	  	 	17	 
		
	 ARTICLE 4           SATISFACTION AND
DISCHARGE OF INDENTURE
	  	 	18	 
			
	         Section 4.1.
	 	Satisfaction and Discharge.	  	 	18	 
	         Section 4.2.
	 	Defeasance and Covenant Defeasance.	  	 	18	 
	         Section 4.3.
	 	Application of Trust Money.	  	 	20	 
	         Section 4.4.
	 	Reinstatement.	  	 	20	 
		
	 ARTICLE 5
          REMEDIES
	  	 	21	 
			
	         Section 5.1.
	 	Events of Default.	  	 	21	 
	         Section 5.2.
	 	Acceleration of Maturity; Rescission and Annulment.	  	 	21	 
	         Section 5.3.
	 	Collection of Indebtedness and Suits for Enforcement by Trustee.	  	 	23	 
	         Section 5.4.
	 	Trustee May File Proofs of Claim.	  	 	23	 
	         Section 5.5.
	 	Trustee May Enforce Claims Without Possession of Securities.	  	 	23	 
	         Section 5.6.
	 	Application of Money Collected.	  	 	24	 
	         Section 5.7.
	 	Limitations on Suits.	  	 	24	 
	         Section 5.8.
	 	Unconditional Right of Holders to Receive Principal and Any Premium, Interest and Additional Amounts.	  	 	24	 
	         Section 5.9.
	 	Restoration of Rights and Remedies.	  	 	24	 
	         Section 5.10.
	 	Rights and Remedies Cumulative.	  	 	24	 
	         Section 5.11.
	 	Delay or Omission Not Waiver.	  	 	25	 
	         Section 5.12.
	 	Control by Holders of Securities.	  	 	25	 
	         Section 5.13.
	 	Waiver of Past Defaults.	  	 	25	 
	         Section 5.14.
	 	Waiver of Usury, Stay or Extension Laws.	  	 	25	 

  
 i 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	         Section 5.15.
	 	Undertaking for Costs.	  	 	25	 
		
	 ARTICLE 6           THE
TRUSTEE
	  	 	26	 
			
	         Section 6.1.
	 	Certain Duties and Responsibilities.	  	 	26	 
	         Section 6.2.
	 	Certain Rights of Trustee.	  	 	26	 
	         Section 6.3.
	 	Notice of Defaults.	  	 	28	 
	         Section 6.4.
	 	Not Responsible for Recitals or Issuance of Securities.	  	 	28	 
	         Section 6.5.
	 	May Hold Securities.	  	 	29	 
	         Section 6.6.
	 	Money Held in Trust.	  	 	29	 
	         Section 6.7.
	 	Compensation and Reimbursement.	  	 	29	 
	         Section 6.8.
	 	Corporate Trustee Required; Eligibility.	  	 	29	 
	         Section 6.9.
	 	Resignation and Removal; Appointment of Successor.	  	 	29	 
	         Section 6.10.
	 	Acceptance of Appointment by Successor.	  	 	30	 
	         Section 6.11.
	 	Merger, Conversion, Consolidation or Succession to Business.	  	 	31	 
	         Section 6.12.
	 	Appointment of Authenticating Agent.	  	 	31	 
		
	 ARTICLE 7           HOLDERS LISTS
AND REPORTS BY TRUSTEE AND COMPANY
	  	 	32	 
			
	         Section 7.1.
	 	Company to Furnish Trustee Names and Addresses of Holders.	  	 	32	 
	         Section 7.2.
	 	Preservation of Information; Communications to Holders.	  	 	32	 
	         Section 7.3.
	 	Reports by Trustee.	  	 	33	 
	         Section 7.4.
	 	Reports by Company.	  	 	33	 
		
	 ARTICLE 8           CONSOLIDATION,
MERGER AND SALES
	  	 	33	 
			
	         Section 8.1.
	 	Company May Consolidate, Etc., Only on Certain Terms.	  	 	33	 
	         Section 8.2.
	 	Successor Person Substituted for Company.	  	 	34	 
		
	 ARTICLE 9           SUPPLEMENTAL
INDENTURES
	  	 	34	 
			
	         Section 9.1.
	 	Supplemental Indentures Without Consent of Holders.	  	 	34	 
	         Section 9.2.
	 	Supplemental Indentures With Consent of Holders.	  	 	34	 
	         Section 9.3.
	 	Execution of Supplemental Indentures.	  	 	35	 
	         Section 9.4.
	 	Effect of Supplemental Indentures.	  	 	35	 
	         Section 9.5.
	 	Reference in Securities to Supplemental Indentures.	  	 	35	 
	         Section 9.6.
	 	Conformity With Trust Indenture Act.	  	 	35	 
	         Section 9.7.
	 	Notice of Supplemental Indenture.	  	 	36	 
		
	 ARTICLE 10         COVENANTS
	  	 	36	 
			
	         Section 10.1.
	 	Payment of Principal, Any Premium, Interest and Additional Amounts.	  	 	36	 
	         Section 10.2.
	 	Maintenance of Office or Agency.	  	 	36	 
	         Section 10.3.
	 	Money for Securities Payments to be Held in Trust.	  	 	36	 
	         Section 10.4.
	 	Additional Amounts.	  	 	37	 
	         Section 10.5.
	 	[Reserved.]	  	 	38	 
	         Section 10.6.
	 	[Reserved.]	  	 	38	 
	         Section 10.7.
	 	Corporate Existence.	  	 	38	 
	         Section 10.8.
	 	Waiver of Certain Covenants.	  	 	38	 
	         Section 10.9.
	 	Company Statement as to Compliance; Notice of Certain Defaults.	  	 	38	 
		
	 ARTICLE 11         REDEMPTION OF
SECURITIES
	  	 	38	 
			
	         Section 11.1.
	 	Applicability of Article.	  	 	38	 
	         Section 11.2.
	 	Election to Redeem; Notice to Trustee.	  	 	38	 
	         Section 11.3.
	 	Selection by Trustee of Securities to be Redeemed.	  	 	39	 
	         Section 11.4.
	 	Notice of Redemption.	  	 	39	 
	         Section 11.5.
	 	Deposit of Redemption Price.	  	 	40	 
	         Section 11.6.
	 	Securities Payable on Redemption Date.	  	 	40	 
	         Section 11.7.
	 	Securities Redeemed in Part.	  	 	40	 
		
	 ARTICLE 12         SINKING FUNDS
	  	 	40	 
			
	         Section 12.1.
	 	Applicability of Article.	  	 	40	 
	         Section 12.2.
	 	Satisfaction of Sinking Fund Payments With Securities.	  	 	40	 
	         Section 12.3.
	 	Redemption of Securities for Sinking Fund.	  	 	41	 

  
 ii 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE 13         REPAYMENT AT THE OPTION OF
HOLDERS
	  	 	41	 
			
	         Section 13.1.
	 	Applicability of Article.	  	 	41	 
		
	 ARTICLE 14         SECURITIES IN FOREIGN
CURRENCIES
	  	 	41	 
			
	         Section 14.1.
	 	Applicability of Article.	  	 	41	 
		
	 ARTICLE 15         MEETINGS OF HOLDERS OF
SECURITIES
	  	 	42	 
			
	         Section 15.1.
	 	Purposes for Which Meetings May Be Called.	  	 	42	 
	         Section 15.2.
	 	Call, Notice and Place of Meetings.	  	 	42	 
	         Section 15.3.
	 	Persons Entitled to Vote at Meetings.	  	 	42	 
	         Section 15.4.
	 	Quorum; Action.	  	 	42	 
	         Section 15.5.
	 	Determination of Voting Rights; Conduct and Adjournment of Meetings.	  	 	42	 
	         Section 15.6.
	 	Counting Votes and Recording Action of Meetings.	  	 	43	 
		
	 EXHIBIT A           FORM OF
SECURITY
	  	 	A-1	 

  
 iii 

 INDENTURE, dated as of
                    , 20     (the “Indenture”), between SEASPAN CORPORATION, a corporation duly organized and existing
under the laws of the Republic of The Marshall Islands (hereinafter called the “Company”), having its principal executive office located at Unit 2, 7th Floor, Bupa Centre, 141 Connaught Road West, Hong Kong, China, and
                , a                 , as trustee (hereinafter called the
“Trustee”), having its Corporate Trust Office located at                 . 

RECITALS 
 The Company has
duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its senior unsecured debentures, notes or other evidences of indebtedness (hereinafter 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 provisions as shall be fixed as hereinafter provided. 

The Company has duly authorized the execution and delivery of this Indenture. All things necessary to make this Indenture a valid agreement of
the Company, in accordance with its terms, have been done. 
 This Indenture is subject to the provisions of the Trust Indenture Act of
1939, as amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder that are required to be part of this Indenture and, to the extent applicable, shall be governed by such provisions. 

NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase of the Securities by the Holders (as herein defined) thereof, it is mutually
covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities or of any series thereof as follows: 

ARTICLE 1 
 DEFINITIONS
AND OTHER PROVISIONS OF GENERAL APPLICATION 
  

	Section 1.1.	Definitions. 

 Except as otherwise expressly provided in or pursuant to this Indenture or
unless the context otherwise requires, for all purposes of this Indenture: 
 (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 terms “generally accepted
accounting principles” or “GAAP” with respect to any computation required or permitted hereunder shall mean such accounting principles as are generally accepted in the United States of America at the date or time of such computation;

 (4) the words “herein,” “hereof,” “hereto” 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; and 
 (5) the word “or” is
always used inclusively (for example, the phrase “A or B” means “A or B or both,” not “either A or B but not both”). 

Certain terms used principally in certain Articles hereof are defined in those Articles. 

“Act,” when used with respect to any Holders, has the meaning specified in Section 1.4. 

“Additional Amounts” means any additional amounts which are required hereby or by any Security, under circumstances specified herein
or therein, to be paid by the Company in respect of certain taxes, assessments or other governmental charges imposed on Holders specified therein and which are owing to such Holders. 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or
indirect common control with such specified Person. 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 the meanings correlative to the foregoing. 

“Applicable Law” has the meaning specified in Section 6.2(23). 

  
 1 

 “Authenticating Agent” means any Person authorized by the Trustee pursuant to
Section 6.12 to act on behalf of the Trustee to authenticate Securities of one or more series. 
 “Authorized Newspaper”
means a newspaper, in an official language of the place of publication or in the English language, customarily published on each day that is a Business Day in the place of publication, whether or not published on days that are legal holidays in the
place of publication, and of general circulation in each place in connection with which the term is used or in the financial community of each such place. Where successive publications are required to be made in Authorized Newspapers, the successive
publications may be made in the same or in different newspapers in the same city meeting the foregoing requirements and in each case on any day that is a Business Day in the place of publication. 

“Authorized Officer” means, when used with respect to the Company, the Chairman (or, if applicable, either Co-Chairman) of the Board
of Directors, the Chief Executive Officer, the President, any Vice President, the Chief Financial Officer, the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary, of the Company. 

“Board of Directors” means the board of directors of the Company or any committee of that board duly authorized to act generally or
in any particular respect for the Company hereunder. 
 “Board Resolution” means a copy of one or more resolutions, 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, delivered to the Trustee. 

“Business Day” with respect to any Place of Payment or other location, means, unless otherwise specified with respect to any
Securities pursuant to Section 3.1, any day other than a Saturday, Sunday or other day on which banking institutions in New York, New York or such Place of Payment are authorized or obligated by law, regulation or executive order to close. 

“Capital Stock” of any Person means any and all shares, interests, rights to purchase, warrants, options, participations or other
equivalents of or interests in (however designated) equity of such Person, including Preferred Stock, but excluding any debt securities convertible into such equity. 

“Capitalized Lease Obligation” means an obligation under a lease that is required to be capitalized for financial reporting purposes
in accordance with generally accepted accounting principles, and the amount of Indebtedness represented by such obligation shall be the capitalized amount of such obligation determined in accordance with such principles. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Securities Exchange
Act of 1934, as amended, or, if at any time after the execution of this Indenture 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. 

“Common Stock” in respect of any Corporation means Capital Stock of any class or classes (however designated) which has no
preference as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Corporation, and which is not subject to redemption by such Corporation. 

“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, and any other obligor upon the Securities. 

“Company Request” and “Company Order” mean, respectively, a written request or order, as the case may be, signed in the
name of the Company by an Authorized Officer, and delivered to the Trustee. 
 “Conversion Event” means the cessation of use of
(i) a Foreign Currency both by the government of the country or the confederation which issued such Foreign Currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking
community or (ii) any currency unit or composite currency for the purposes for which it was established. 
 “Corporate Trust
Office” means the principal corporate trust office of the Trustee at which at any particular time its corporate trust business shall be administered, which office at the date of original execution of this Indenture is located at 101 Barclay
Street, Floor 7E, New York, New York 10286. 
 “Corporation” includes corporations and limited liability companies and, except for
purposes of Article 8, associations, companies and business trusts. 
 “Currency,” with respect to any payment, deposit or other
transfer in respect of the principal of or any premium or interest on or any Additional Amounts with respect to any Security, means Dollars or the Foreign Currency, as the case may be, in which such payment, deposit or other transfer is required to
be made by or pursuant to the terms hereof or such Security and, with respect to any other payment, deposit or transfer pursuant to or contemplated by the terms hereof or such Security, means Dollars. 

  
 2 

 “CUSIP number” means the alphanumeric designation assigned to a Security by
Standard & Poor’s Ratings Service, CUSIP Service Bureau. 
 “Defaulted Interest” has the meaning specified in
Section 3.7. 
 “Dollars” or “$” means a dollar or other equivalent unit of legal tender for payment of public or
private debts in the United States of America. 
 “Event of Default” has the meaning specified in Section 5.1. 

“Foreign Currency” means any currency, currency unit or composite currency, including, without limitation, the euro, issued by the
government of one or more countries other than the United States of America or by any recognized confederation or association of such governments. 

“Government Obligations” means securities which are (i) direct obligations of the United States of America or the other
government or governments which issued the Foreign Currency in which the principal of or any premium or interest on such Security or any Additional Amounts in respect thereof shall be payable, in each case where the payment or payments thereunder
are supported by the full faith and credit of such government or governments or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America or such other government or
governments, in each case where the timely payment or payments thereunder are unconditionally guaranteed as a full faith and credit obligation by the United States of America or such other government or governments, and which, in the case of
(i) or (ii), are not callable or redeemable at the option of the issuer or issuers thereof, and shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific
payment of interest on or principal of or other amount with respect to any such Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law) such custodian is not
authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of or other
amount with respect to the Government Obligation evidenced by such depository receipt. 
 “Holder,” means the Person in whose name
such Security is registered in the Security Register. 
 “Indebtedness” means, with respect to any Person, (i) the principal
of and any premium and interest on (a) indebtedness of such Person for money borrowed and (b) indebtedness evidenced by notes, debentures, bonds or other similar instruments for the payment of which such Person is responsible or liable;
(ii) all Capitalized Lease Obligations of such Person; (iii) all obligations of such Person issued or assumed as the deferred purchase price of property, all conditional sale obligations and all obligations under any title retention
agreement (but excluding trade accounts payable arising in the ordinary course of business); (iv) all obligations of such Person for the reimbursement of any obligor on any letter of credit, banker’s acceptance or similar credit
transaction (other than obligations with respect to letters of credit securing obligations (other than obligations described in (i) through (iii) above) entered into in the ordinary course of business of such Person to the extent such
letters of credit are not drawn upon or, if and to the extent drawn upon, such drawing is reimbursed no later than the third Business Day following receipt by such Person of a demand for reimbursement following payment on the letter of credit);
(v) all obligations of the type referred to in clauses (i) through (iv) of other Persons and all dividends of other Persons for the payment of which, in either case, such Person is responsible or liable as obligor, guarantor or
otherwise; and (vi) all obligations of the type referred to in clauses (i) through (v) of other Persons secured by any lien on any property or asset of such Person (whether or not such obligation is assumed by such Person), the amount
of such obligation being deemed to be the lesser of the value of such property or assets or the amount of the obligation so secured; and (vii) any amendments, modifications, refundings, renewals or extensions of any indebtedness or obligation
described as Indebtedness in clauses (i) through (vi) above. 
 “Indenture” means this instrument 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, with respect to any Security, by the terms and provisions of such Security established pursuant to
Section 3.1 (as such terms and provisions may be amended pursuant to the applicable provisions hereof). 
 “Independent Public
Accountants” means accountants or a firm of accountants that, with respect to the Company and any other obligor under the Securities, are independent public accountants within the meaning of the Securities Act of 1933, as amended, and the rules
and regulations promulgated by the Commission thereunder, who may be the independent public accountants regularly retained by the Company or who may be other independent public accountants. Such accountants or firm shall be entitled to rely upon any
Opinion of Counsel as to the interpretation of any legal matters relating to this Indenture or certificates required to be provided hereunder. 

“Indexed Security” means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be
more or less than the principal face amount thereof at original issuance. 

  
 3 

 “Interest,” with respect to any Original Issue Discount Security which by its terms
bears interest only after Maturity, means interest payable after Maturity and, when used with respect to a Security which provides for the payment of Additional Amounts pursuant to Section 10.4, includes such Additional Amounts. 

“Interest Payment Date,” with respect to any Security, means the Stated Maturity of an installment of interest on such Security.

 “Judgment Currency” has the meaning specified in Section 1.16. 

“Maturity,” 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 provided in or pursuant to this Indenture, whether at the Stated Maturity or by declaration of acceleration, notice of redemption or repurchase, notice of option to elect repayment or otherwise, and includes the Redemption
Date. 
 “New York Banking Day” has the meaning specified in Section 1.16. 

“Office” or “Agency,” with respect to any Securities, means an office or agency of the Company maintained or designated in
a Place of Payment for such Securities pursuant to Section 10.2 or any other office or agency of the Company maintained or designated for such Securities pursuant to Section 10.2 or, to the extent designated or required by
Section 10.2 in lieu of such office or agency, the Corporate Trust Office of the Trustee. 
 “Officer’s Certificate”
means a certificate signed by an Authorized Officer that complies with the requirements of Section 314(e) of the Trust Indenture Act and is delivered to the Trustee. 

“Opinion of Counsel” means a written opinion of counsel, who may be an employee of or counsel for the Company that complies with the
requirements of Section 314(e) of the Trust Indenture Act. 
 “Original Issue Discount Security” means a Security issued
pursuant to this Indenture which provides for declaration of an amount less than the principal face amount thereof to be due and payable upon acceleration pursuant to Section 5.2. 

“Outstanding,” when used with respect to any Securities, means, as of the date of determination, all such Securities theretofore
authenticated and delivered under this Indenture, except: 
 (1) any such Security theretofore cancelled by the Trustee or the Security
Registrar or delivered to the Trustee or the Security Registrar for cancellation; 
 (2) any such Security for whose payment at the Maturity
thereof money in the necessary amount has been theretofore deposited pursuant hereto (other than pursuant to Section 4.2) 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) any such Security with respect to which the Company has effected defeasance pursuant to the terms
hereof, except to the extent provided in Section 4.2; 
 (4) any such Security which has been paid pursuant to Section 3.6 or in
exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, unless there shall have been presented to the Trustee proof satisfactory to it that such Security is held by a bona fide purchaser in
whose hands such Security is a valid obligation of the Company; and 
 (5) any such Security converted or exchanged as contemplated by this
Indenture into securities of the Company or another issuer, if the terms of such Security provide for such conversion or exchange pursuant to Section 3.1; provided, however, that in determining whether the Holders of the requisite
principal amount of Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder or are present at a meeting of Holders of Securities for quorum purposes, (i) the principal amount of an
Original Issue Discount Security that may be counted in making such determination and that shall be deemed to be Outstanding for such purposes shall be equal to the amount of the principal thereof that pursuant to the terms of such Original Issue
Discount Security would be declared (or shall have been declared to be) due and payable upon a declaration of acceleration thereof pursuant to Section 5.2 at the time of such determination, and (ii) the principal amount of any Indexed
Security that may be counted in making such determination and that shall be deemed Outstanding for such purposes shall be equal to the principal face amount of such Indexed Security at original issuance, unless otherwise provided in or pursuant to
this Indenture, and (iii) the principal amount of a Security denominated in a Foreign Currency shall be the Dollar equivalent, determined on the date of original issuance of such Security, of the principal amount (or, in the case of an Original
Issue Discount Security, the Dollar equivalent on the date of original issuance of such Security of the amount determined as provided in (i) above) of such Security, and (iv) Securities owned by the Company or any other obligor upon the
Securities or any Affiliate of the Company or such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in making 

  
 4 

 
any such determination or relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which a Responsible Officer of the Trustee has received
written notice from the Company to be so owned shall be so disregarded. Securities so owned which shall have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee (a) the
pledgee’s right so to act with respect to such Securities and (b) that the pledgee is not the Company or any other obligor upon the Securities or an Affiliate of the Company or such other obligor. Upon request of the Trustee, the Company
shall promptly furnish to the Trustee an Officer’s Certificate: (i) listing and identifying all Securities, if any, known by the Company to be owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or
such other obligor, and (ii) whether any such Securities so owned shall have been pledged in good faith to a pledgee that is not the Company or any other obligor upon the Securities or an Affiliate of the Company or such other obligor, and the
Trustee shall be entitled to accept such Officer’s Certificate as conclusive evidence of the facts therein set forth and of the fact that all Securities not listed therein are Outstanding for the purpose of any such determination. 

“Paying Agent” means any Person authorized by the Company to pay the principal of, or any premium or interest on, or any Additional
Amounts with respect to, any Security on behalf of the Company. 
 [“Payment Blockage Notice” has the meaning specified in
Section 16.3.] 
 [“Payment Blockage Period” has the meaning specified in Section 16.3.] 

“Person” means any individual, Corporation, partnership, joint venture, joint-stock company, trust, unincorporated organization or
government or any agency or political subdivision thereof. 
 “Place of Payment,” with respect to any Security, means the place or
places where the principal of, or any premium or interest on, or any Additional Amounts with respect to such Security are payable as provided in or pursuant to this Indenture or such Security. 

“Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same Indebtedness
as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.6 in exchange for or in lieu of a lost, destroyed, mutilated or stolen Security shall be deemed to
evidence the same Indebtedness as the lost, destroyed, mutilated or stolen Security. 
 “Preferred Stock” in respect of any
Corporation means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Corporation,
over shares of Capital Stock of any other class of such Corporation. 
 “Redemption Date,” with respect to any Security or portion
thereof to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture or such Security. 
 “Redemption
Price,” with respect to any Security or portion thereof to be redeemed, means the price at which it is to be redeemed as determined by or pursuant to this Indenture or such Security. 

“Registered Security” means any Security established pursuant to Section 2.1 which is registered in a Security Register. 

“Regular Record Date” for the interest payable on any Registered Security on any Interest Payment Date therefor means the date, if
any, specified in or pursuant to this Indenture or such Security as the “Regular Record Date”. 
 “Required Currency”
has the meaning specified in Section 1.16. 
 “Responsible Officer” means any vice president, any assistant vice president,
the secretary, any assistant secretary, the treasurer, any assistant treasurer, or any trust officer or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and, in each
case, having direct responsibility for the administration of this Indenture. 
 “Security” or “Securities” means
any note or notes, bond or bonds, debenture or debentures, or any other evidences of Indebtedness, as the case may be, authenticated and delivered under this Indenture; provided, however, that, if at any time there is more than one
Person acting as Trustee under this Indenture, “Securities,” with respect to any such Person, shall mean Securities authenticated and delivered under this Indenture, exclusive, however, of Securities of any series as to which such Person
is not Trustee. 
 [“Securities Payment” has the meaning specified in Section 16.2.] 

“Security Register” and “Security Registrar” have the respective meanings specified in Section 3.5. 

[“Senior Indebtedness” means (x) all Indebtedness for money borrowed of the Company and other Indebtedness of the Company
referred to in the definition of Indebtedness other than in clause (iii) thereof, whether incurred on or prior to the date of this 

  
 5 

 
Indenture or thereafter incurred, other than the Securities and (y) amendments, renewals, extensions, modifications, refinancings and refundings of any such Indebtedness; provided, however,
the following shall not constitute Senior Indebtedness: (A) any Indebtedness owed to a Person when such Person is a Subsidiary of the Company and (B) any Indebtedness which by the terms of the instrument creating or evidencing the same is
not superior in right of payment to the Securities.] 
 “Special Record Date” for the payment of any Defaulted Interest on any
Registered Security means a date fixed by the Company pursuant to Section 3.7. 
 “Stated Maturity,” with respect to any
Security or any installment of principal thereof or interest thereon, or any Additional Amounts with respect thereto, means the date established by or pursuant to this Indenture or such Security as the fixed date on which the principal of such
Security or such installment of principal or interest is, or such Additional Amounts are, due and payable. 
 “Subsidiary” means,
in respect of any Person, any Corporation, limited or general partnership or other business entity of which at the time of determination more than 50% of the voting power of the shares of its Capital Stock or other interests (including partnership
interests) entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is owned or controlled, directly or indirectly, by (i) such Person, (ii) such Person and one or
more Subsidiaries of such Person or (iii) one or more Subsidiaries of such Person. 
 “Trust Indenture Act” means the Trust
Indenture Act of 1939, as amended, and any reference herein to the Trust Indenture Act or a particular provision thereof shall mean such Act or provision, as the case may be, as amended or replaced from time to time or as supplemented from time to
time by rules or regulations adopted by the Commission under or in furtherance of the purposes of such Act or provision, as the case may be. 

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

 “United States,” except as otherwise provided in or pursuant to this Indenture or any Security, means the United States of
America (including the states thereof and the District of Columbia), its territories and possessions and other areas subject to its jurisdiction. 

“U.S. Depository” or “Depository” means, with respect to any Security issuable or issued in the form of one or more global
Securities, the Person designated as U.S. Depository or Depository by the Company in or pursuant to this Indenture, which Person must be, to the extent required by applicable law or regulation, a clearing agency registered under the Securities
Exchange Act of 1934, as amended, and, if so provided with respect to any Security, any successor to such Person. If at any time there is more than one such Person, “U.S. Depository” or “Depository” shall mean, with respect to
any Securities, the qualifying entity which has been appointed with respect to such Securities. 
 “Vice President,” when used
with respect to the Company or the Trustee, 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 1.2.	Compliance Certificates and Opinions. 

 Except as otherwise expressly provided in this
Indenture, upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company shall furnish to the Trustee an Officer’s Certificate stating that all conditions precedent, if any,
provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent, if any, have been complied with, except that in the case of
any such application or request as to which the furnishing of such documents or any of them is specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be
furnished. 
 Every Officer’s Certificate or Opinion of Counsel with respect to compliance with a condition or covenant provided for in
this Indenture shall include: 
 (1) a statement that the individual signing such certificate or opinion has read such condition or covenant
and the definitions herein relating thereto; 
 (2) a brief statement as to the nature and scope of the examination or investigation upon
which the statements or opinions contained in such certificate or opinion are based; 
 (3) a statement that, in the opinion of such
individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such condition or covenant has been complied with; and 

  
 6 

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

	Section 1.3.	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 an Opinion of Counsel,
provided that such officer, after reasonable inquiry, has no reason to believe and does not believe that the Opinion of Counsel with respect to the matters upon which his certificate or opinion is based is erroneous. Any such 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,
provided that such counsel, after reasonable inquiry, has no reason to believe and does not believe 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 or any Security, they may, but need not, be consolidated and form one instrument. 
  

	Section 1.4.	Acts of Holders. 

 (1) Any request, demand, authorization, direction, notice, consent,
waiver or other action provided by or pursuant to 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. 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 any such record (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments or so voting at any such meeting. Proof of
execution of any such instrument or of a writing appointing any such agent, or of the holding by any Person of a Security, shall be sufficient for any purpose of this Indenture and (subject to Section 315 of the Trust Indenture Act) conclusive
in favor of the Trustee and the Company and any agent of the Trustee and the Company, if made in the manner provided in this Section. The record of any meeting of Holders of Securities shall be proved in the manner provided in Section 15.6.

 Without limiting the generality of this Section 1.4, unless otherwise provided in or pursuant to this Indenture, a Holder, including
a U.S. Depository that is a Holder of a global Security, may make, give or take, by a proxy or proxies, duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other Act provided in or pursuant to this
Indenture to be made, given or taken by Holders, and a U.S. Depository that is a Holder of a global Security may provide its proxy or proxies to the beneficial owners of interests in any such global Security through such U.S. Depository’s
standing instructions and customary practices. 
 The Company shall fix a record date for the purpose of determining the Persons who are
beneficial owners of interests in any permanent global Security held by a U.S. Depository entitled under the procedures of such U.S. Depository to make, give or take, by a proxy or proxies duly appointed in writing, any request, demand,
authorization, direction, notice, consent, waiver or other Act provided in or pursuant to this Indenture to be made, given or taken by Holders. If such a record date is fixed, the Holders on such record date or their duly appointed proxy or proxies,
and only such Persons, shall be entitled to make, give or take such request, demand, authorization, direction, notice, consent, waiver or other Act, whether or not such Holders remain Holders after such record date. No such request, demand,
authorization, direction, notice, consent, waiver or other Act shall be valid or effective if made, given or taken more than 90 days after such record date. 

(2) The fact and date of the execution by any Person of any such instrument or writing referred to in this Section 1.4 may be proved in
any reasonable manner; and the Trustee may in any instance require further proof with respect to any of the matters referred to in this Section. 

(3) The ownership, principal amount and serial numbers of Registered Securities held by any Person, and the date of the commencement and the
date of the termination of holding the same, shall be proved by the Security Register. 
 (4) [Reserved.] 

(5) If the Company shall solicit from the Holders of any Registered Securities any request, demand, authorization, direction, notice, consent,
waiver or other Act, the Company may at its option (but is not obligated to), by Board Resolution, fix in advance a record date for the determination of Holders of Registered Securities entitled to give such request, demand, authorization,
direction, notice, consent, waiver or other Act. If such a record date is fixed, such request, demand, authorization, direction, notice, 

  
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consent, waiver or other Act may be given before or after such record date, but only the Holders of Registered Securities of record at the close of business on such record date shall be deemed to
be Holders for the purpose of determining whether Holders of the requisite proportion of Outstanding Securities have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for
that purpose the Outstanding Securities shall be computed as of such record date; provided that no such authorization, agreement or consent by the Holders of Registered Securities shall be deemed effective unless it shall become effective pursuant
to the provisions of this Indenture not later than six months after the record date. 
 (6) Any request, demand, authorization, direction,
notice, consent, waiver or other Act by 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 or suffered to be done by the Trustee, any Security Registrar, any Paying Agent or the Company in reliance thereon, whether or not notation of such Act is made upon such Security. 

 

	Section 1.5.	Notices, Etc. to the Trustee and the Company. 

 Any request, demand, authorization,
direction, notice, consent, waiver or other Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with, 

(1) the Trustee by any Holder or 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, or 
 (2) the Company by the Trustee or 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 the attention of its Chief Financial Officer, Chief Accounting Officer or Secretary, 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. 
  

	Section 1.6.	Notice to Holders of Securities; Waiver. 

 Except as otherwise expressly provided in or
pursuant to this Indenture, where this Indenture provides for notice to Holders of Securities of any event, such notice shall be sufficiently given to Holders of Registered Securities if in writing and mailed, first-class postage prepaid, to each
Holder of a Registered Security affected by such event, at his address as it appears in the Security Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. 

In any case where notice to Holders of Registered Securities is given by mail, neither the failure to mail such notice, nor any defect in any
notice so mailed, to any particular Holder of a Registered Security shall affect the sufficiency of such notice with respect to other Holders of Registered Securities given as provided herein. Any notice which is mailed in the manner herein provided
shall be conclusively presumed to have been duly given or provided. If 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. 
 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 of Securities 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. 

Where this Indenture provides for notice of any event to a Holder of a global Security, such notice shall be sufficiently given if given to
the Depository for such Security (or its designee), pursuant to the applicable procedures of the Depository, not later than the latest date, if any, and not earlier than the earliest date, if any, prescribed for the giving of such notice. 

 

	Section 1.7.	Language of Notices. 

 Any request, demand, authorization, direction, notice,
consent, election or waiver required or permitted under this Indenture shall be in the English language, except that, if the Company so elects, any published notice may be in an official language of the country of publication; provided,
however, that the Company shall be responsible for providing any such translation from the English language to the official language of such country of publication. 

 

	Section 1.8.	Conflict with Trust Indenture Act. 

 If any provision hereof limits, qualifies or
conflicts with any duties under any required provision of the Trust Indenture Act imposed hereon by Section 318(c) thereof, such required provision shall control. 
  

	Section 1.9.	Effect of Headings 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 hereof. 

  
 8 

	Section 1.10.	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 1.11.	Separability Clause. 

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

	Section 1.12.	Benefits of Indenture. 

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

	Section 1.13.	Governing Law. 

 This Indenture and the Securities shall be governed by and construed in
accordance with the laws of the State of New York applicable to agreements made or instruments entered into and, in each case, performed in said state. Any dispute, action or proceeding arising out of or relating to this Indenture or the rights of
any party under this Indenture shall be exclusively maintained in the U.S. federal or New York State Court sitting in the Borough of Manhattan, The City of New York, New York. Each of the parties hereto: (i) agrees that a final judgment in any
such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law, and (ii) irrevocably submits to the jurisdiction of such courts in any suit, action or
proceeding. Each party to this Indenture waives all right of trial by jury in any action, proceeding or counterclaim based on, or arising out of, under or in connection with this Indenture or any matter arising hereunder. 

 

	Section 1.14.	Legal Holidays. 

 Unless otherwise specified in or pursuant to this Indenture or any
Securities, in any case where any Interest Payment Date, Stated Maturity or Maturity of any Security, or the last date on which a Holder has the right to convert or exchange Securities of a series that are convertible or exchangeable, shall not be a
Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture, any Security other than a provision in any Security that specifically states that such provision shall apply in lieu hereof) payment need not be made
at such Place of Payment on such date, and such Securities need not be converted or exchanged on such date but such payment may be made, and such Securities may be converted or exchanged, on the next succeeding day that is a Business Day with the
same force and effect as if made on the Interest Payment Date or at the Stated Maturity or Maturity or on such last day for conversion or exchange, and no interest shall accrue on the amount payable on such date or at such time for the period from
and after such Interest Payment Date, Stated Maturity, Maturity or last day for conversion or exchange, as the case may be, to such next succeeding Business Day. 
  

	Section 1.15.	Counterparts. 

 This Indenture may be executed in several counterparts, each of which
shall be an original and all of which shall constitute but one and the same instrument. 
  

	Section 1.16.	Judgment Currency. 

 The Company agrees, to the fullest extent that it may effectively do
so under applicable law, that (i) if for the purpose of obtaining judgment in any court it is necessary to convert the sum due in respect of the principal of, or premium or interest, if any, or Additional Amounts on the Securities of any series
or any indemnities due hereunder from the Company (the “Required Currency”) into a currency in which a judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with
normal banking procedures the Trustee could purchase in The City of New York the requisite amount of the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which a final unappealable judgment is given and
(ii) its obligations under this Indenture to make payments in the Required Currency (a) shall not be discharged or satisfied by any tender, or any recovery pursuant to any judgment (whether or not entered in accordance with clause (i)), in
any currency other than the Required Currency, except to the extent that such tender or recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments,
(b) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so
expressed to be payable and (c) shall not be affected by judgment being obtained for any other sum due under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a legal
holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to be closed. 

  
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	Section 1.17.	No Security Interest Created. 

 Nothing in this Indenture or in any Security, express or
implied, shall be construed to constitute a security interest under the Uniform Commercial Code or similar legislation, as now or hereafter enacted and in effect in any jurisdiction where property of the Company or its Subsidiaries is or may be
located. 
  

	Section 1.18.	Limitation on Individual Liability. 

 No recourse under or upon any obligation, covenant
or agreement contained in this Indenture or in any Security, or for any claim based thereon or otherwise in respect thereof, shall be had against any incorporator, officer or director, as such, past, present or future, of the Company, either
directly or through the Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that this Indenture and the obligations issued hereunder
are solely corporate obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, shareholders, officers or directors, as such, of the Company, or any of them, because of the creation
of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any Security or implied therefrom; and that any and all such personal liability of every name and nature,
either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator, shareholder, officer or director, as such, because of the creation of the indebtedness hereby authorized,
or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any Security or implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration for, the execution of this
Indenture and the issuance of such Security. 
 ARTICLE 2 

SECURITIES FORMS 
  

	Section 2.1.	Forms Generally. 

 Each Security issued pursuant to this Indenture shall be in
substantially the form attached as Exhibit A and as set forth pursuant to this Article, or in such other form established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, shall have such appropriate insertions,
omissions, substitutions and other variations as are required or permitted by or pursuant to this Indenture or any indenture supplemental hereto and may have such letters, numbers or other marks of identification and such legends or endorsements
placed thereon as may, consistently herewith, be determined by the officers executing such Security as evidenced by their execution of such Security. 

Unless otherwise provided in or pursuant to this Indenture or any Securities, the Securities shall be issuable in registered form without
coupons. 
 Definitive Securities shall be printed, lithographed or engraved or produced by any combination of these methods on a steel
engraved border or steel engraved borders or may be produced in any other manner, all as determined by the officers of the Company executing such Securities, as evidenced by their execution of such Securities. 

 

	Section 2.2.	Form of Trustee’s Certificate of Authentication. 

 Subject to Section 6.12, the
Trustee’s certificate of authentication shall be in substantially the following form: 
 This is one of the Securities of the series
designated therein referred to in the within-mentioned Indenture. 
  

			
	 Dated:
  

 
	  	
                          
                                         
             ,
 as Trustee

 

By:                         
                                         
        
       Authorized Officer

  

	Section 2.3.	Securities in Global Form. 

 If Securities of a series shall be issuable in global form,
any such Security may provide that it or any number of such Securities shall represent the aggregate amount of all Outstanding Securities of such series (or such lesser amount as is permitted by the terms thereof) from time to time endorsed thereon
and may also provide that the aggregate amount of Outstanding Securities represented thereby may from time to time be increased or reduced to reflect exchanges. Any endorsement of any Security in global form to reflect the amount, or any increase or
decrease in the amount, or changes in the rights of Holders, of Outstanding Securities represented thereby shall be made in such manner and by such Person or Persons as shall be specified therein or in the Company Order to be delivered pursuant to
Section 3.3 or 3.4 with respect thereto. Subject to the provisions of Section 3.3 and, if applicable, Section 3.4, the Trustee shall deliver and redeliver, in each case at the Company’s expense, any Security in permanent global
form in the manner and upon instructions given by the Person or Persons specified therein or in the applicable Company Order. If a Company 

  
 10 

 
Order pursuant to Section 3.3 or 3.4 has been, or simultaneously is, delivered, any instructions by the Company with respect to a Security in global form shall be in writing but need not be
accompanied by or contained in an Officer’s Certificate and need not be accompanied by an Opinion of Counsel. 
 Notwithstanding the
provisions of Section 3.7, unless otherwise specified in or pursuant to this Indenture or any Security, payment of principal of, any premium and interest on, and any Additional Amounts in respect of, any Security in temporary or permanent
global form shall be made to the Person or Persons specified therein. 
 Notwithstanding the provisions of Section 3.8 and except as
provided in the preceding paragraph, the Company, the Trustee and any agent of the Company or the Trustee shall treat as the Holder of such principal amount of Outstanding Securities represented by a global Security the Holder of such global
Security. 
 ARTICLE 3 

THE SECURITIES 
  

	Section 3.1.	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 in one or more series. 
 With
respect to any Securities to be authenticated and delivered hereunder, there shall be established in or pursuant to a Board Resolution and set forth in an Officer’s Certificate, or established in one or more indentures supplemental hereto, 

(1) the title of such Securities and the series in which such Securities shall be included; 

(2) any limit upon the aggregate principal amount of the Securities of such title or the Securities of such 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 such series pursuant to Section 3.4, 3.5, 3.6, 9.5 or 11.7, upon
repayment in part of any Registered Security of such series pursuant to Article 13, upon surrender in part of any Registered Security for conversion into other securities of the Company or exchange for securities of another issuer pursuant to its
terms, or pursuant to or as contemplated by the terms of such Securities); 
 (3) [Reserved]; 

(4) if any of such Securities are to be issuable in global form, when any of such Securities are to be issuable in global form and
(i) whether such Securities are to be issued in temporary or permanent global form or both, (ii) whether beneficial owners of interests in any such global Security may exchange such interests for Securities of the same series and of like
tenor and of any authorized form and denomination, and the circumstances under which any such exchanges may occur, if other than in the manner specified in Section 3.5, and (iii) the name of the Depository or the U.S. Depository, as the
case may be, with respect to any such global Security; 
 (5) if any of such Securities are to be issuable in global form, the date as of
which any such global Security shall be dated (if other than the date of original issuance of the first of such Securities to be issued); 

(6) [Reserved]; 
 (7) the date
or dates, or the method or methods, if any, by which such date or dates shall be determined, on which the principal of such Securities is payable; 

(8) the rate or rates at which such Securities shall bear interest, if any, or the method or methods, if any, by which such rate or rates are
to be determined, the date or dates, if any, from which such interest shall accrue or the method or methods, if any, by which such date or dates are to be determined, the Interest Payment Dates, if any, on which such interest shall be payable and
the Regular Record Date, if any, for the interest payable on Registered Securities on any Interest Payment Date, whether and under what circumstances Additional Amounts on such Securities or any of them shall be payable, the notice, if any, to
Holders regarding the determination of interest on a floating rate Security and the manner of giving such notice, and the basis upon which interest shall be calculated if other than that of a 360-day year of twelve 30-day months; 

(9) if in addition to or other than the Borough of Manhattan, The City of New York, the place or places where the principal of, any premium
and interest on or any Additional Amounts with respect to such Securities shall be payable, any of such Securities that are Registered Securities may be surrendered for registration of transfer or exchange, any of such Securities may be surrendered
for conversion or exchange and notices or demands to or upon the Company in respect of such Securities and this Indenture may be served, the extent to which, or the manner in which, any interest payment or Additional Amounts on a global Security on
an Interest Payment Date, will be paid and the manner in which any principal of or premium, if any, on any global Security will be paid; 

  
 11 

 (10) whether any of such Securities are to be redeemable at the option of the Company and, if so,
the date or dates on which, the period or periods within which, the price or prices at which and the other terms and conditions upon which such Securities may be redeemed, in whole or in part, at the option of the Company; 

(11) whether the Company is obligated to redeem or purchase any of such Securities pursuant to any sinking fund or analogous provision or at
the option of any Holder thereof and, if so, the date or dates on which, the period or periods within which, the price or prices at which and the other terms and conditions upon which such Securities shall be redeemed or purchased, in whole or in
part, pursuant to such obligation, and any provisions for the remarketing of such Securities so redeemed or purchased; 
 (12) the
denominations in which any of such Securities that are Registered Securities shall be issuable if other than denominations of $1,000 and any integral multiple thereof; 

(13) whether the Securities of the series will be convertible into other securities of the Company and/or exchangeable for securities of
another issuer, and if so, the terms and conditions upon which such Securities will be so convertible or exchangeable, and any deletions from or modifications or additions to this Indenture to permit or to facilitate the issuance of such convertible
or exchangeable Securities or the administration thereof; 
 (14) if other than the principal amount thereof, the portion of the principal
amount of any of such Securities that shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 5.2 or the method by which such portion is to be determined; 

(15) if other than Dollars, the Foreign Currency in which payment of the principal of, any premium or interest on or any Additional Amounts
with respect to any of such Securities shall be payable; 
 (16) if the principal of, any premium or interest on or any Additional Amounts
with respect to any of such Securities are to be payable, at the election of the Company or a Holder thereof or otherwise, in Dollars or in a Foreign Currency other than that in which such Securities are stated to be payable, the date or dates on
which, the period or periods within which, and the other terms and conditions upon which, such election may be made, and the time and manner of determining the exchange rate between the Currency in which such Securities are stated to be payable and
the Currency in which such Securities or any of them are to be paid pursuant to such election, and any deletions from or modifications of or additions to the terms of this Indenture to provide for or to facilitate the issuance of Securities
denominated or payable, at the election of the Company or a Holder thereof or otherwise, in a Foreign Currency; 
 (17) whether the amount
of payments of principal of, any premium or interest on or any Additional Amounts with respect to such Securities may be determined with reference to an index, formula or other method or methods (which index, formula or method or methods may be
based, without limitation, on one or more Currencies, commodities, equity securities, equity indices or other indices), and, if so, the terms and conditions upon which and the manner in which such amounts shall be determined and paid or payable;

 (18) any deletions from, modifications of or additions to the Events of Default or covenants of the Company with respect to any of such
Securities, whether or not such Events of Default or covenants are consistent with the Events of Default or covenants set forth herein; 

(19) whether either or both of Section 4.2(2) relating to defeasance or Section 4.2(3) relating to covenant defeasance shall be
applicable to the Securities of such series, or any covenants in addition to those specified in Section 4.2(3) relating to the Securities of such series which shall be subject to covenant defeasance, and any deletions from, or modifications or
additions to, the provisions of Article 4 in respect of the Securities of such series; 
 (20) whether any of such Securities are to be
issuable upon the exercise of warrants, and the time, manner and place for such Securities to be authenticated and delivered; 
 (21) if any
of such Securities are to be issuable in global form and are to be issuable in definitive form (whether upon original issue or upon exchange of a temporary Security) only upon receipt of certain certificates or other documents or satisfaction of
other conditions, then the form and terms of such certificates, documents or conditions; 
 (22) if there is more than one Trustee, the
identity of the Trustee and, if not the Trustee, the identity of each Security Registrar, Paying Agent or Authenticating Agent with respect to such Securities; 

(23) [any deletions from or modifications or additions to the provisions of Article 16 in respect of any of such Securities;] and 

(24) any other terms of such Securities and any other deletions from or modifications or additions to this Indenture in respect of such
Securities. 

  
 12 

 All Securities of any one series shall be substantially identical except as to the date from
which interest, if any, shall accrue and except as may otherwise be provided by the Company in or pursuant to the Board Resolution and set forth in the Officer’s Certificate or in any indenture or indentures supplemental hereto pertaining to
such series of Securities. The terms of the Securities of any series may provide, without limitation, that the Securities shall be authenticated and delivered by the Trustee on original issue from time to time upon written order of persons
designated in the Officer’s Certificate or supplemental indenture and that such persons are authorized to determine, consistent with such Officer’s Certificate or any applicable supplemental indenture, such terms and conditions of the
Securities of such series as are specified in such Officer’s Certificate or supplemental indenture. All Securities of any one series need not be issued at the same time and, unless otherwise so provided, a series may be reopened for issuances
of additional Securities of such series or to establish additional terms of such series of Securities. 
 If any of the terms of the
Securities of any series shall be established by action taken by or pursuant to a Board Resolution, the Board Resolution shall be delivered to the Trustee at or prior to the delivery of the Officer’s Certificate or supplemental indenture
setting forth the terms of such series. 
  

	Section 3.2.	Currency; Denominations. 

 Unless otherwise provided in or pursuant to this Indenture,
the principal of, any premium and interest on and any Additional Amounts with respect to the Securities shall be payable in Dollars. Unless otherwise provided in or pursuant to this Indenture, Registered Securities denominated in Dollars shall be
issuable in registered form without coupons in denominations of $1,000 and any integral multiple thereof. Securities not denominated in Dollars shall be issuable in such denominations as are established with respect to such Securities in or pursuant
to this Indenture. 
  

	Section 3.3.	Execution, Authentication, Delivery and Dating. 

 Securities shall be executed on behalf
of the Company by its Chairman (or, if applicable, either Co-Chairman) of the Board, the Chief Executive Officer, the President, any Vice President, the Chief Financial Officer or the Treasurer or any Assistant Treasurer and 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 original issuance of such Securities. 

At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities, executed by the
Company, to the Trustee for authentication and, provided that the Board Resolution and Officer’s Certificate or supplemental indenture or indentures with respect to such Securities referred to in Section 3.1 and a Company Order for the
authentication and delivery of such Securities have been delivered to the Trustee, the Trustee in accordance with the Company Order and subject to the provisions hereof and of such Securities shall authenticate and deliver such Securities. 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 Sections 315(a) through 315(d) of the Trust Indenture Act)
shall be fully protected in relying upon, 
 (1) an Opinion of Counsel to the effect that: 

(a) the form or forms and terms of such Securities, if any, have been established in conformity with the provisions of this Indenture; 

(b) all conditions precedent to the authentication and delivery of such Securities, if any, have been complied with and that such Securities,
when completed by appropriate insertions, executed and attested by duly authorized officers of the Company, delivered by duly authorized officers of the Company to the Trustee for authentication pursuant to this Indenture, and 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 legally valid and binding obligations of the Company, enforceable against the Company in accordance
with their terms, except as enforcement thereof may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, arrangement, fraudulent conveyance, fraudulent transfer or other similar laws relating to or affecting
creditors’ rights generally, and subject to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law) and will entitle the Holders thereof to the benefits of this Indenture; such Opinion of
Counsel need express no opinion as to the availability of equitable remedies; 
 (c) all laws and requirements in respect of the execution
and delivery by the Company of such Securities have been complied with; and 
 (d) this Indenture has been qualified under the Trust
Indenture Act; and 
 (2) an Officer’s Certificate stating that, to the best knowledge of the Persons executing such certificate, all
conditions precedent to the execution, authentication and delivery of such Securities, if any, appertaining thereto, have been complied with, and no event which is, or after notice or lapse of time would become, an Event of Default with respect to
any of the Securities shall have occurred and be continuing. 

  
 13 

 If all the Securities of any series are not to be issued at one time, it shall not be necessary
to deliver an Opinion of Counsel and an Officer’s Certificate at the time of issuance of each Security, but such opinion and certificate, with appropriate modifications, shall be delivered at or before the time of issuance of the first Security
of such series. After any such first delivery, any separate written request by an Authorized Officer of the Company or any person designated in writing by an Authorized Officer that the Trustee authenticate and deliver Securities of such series for
original issue will be deemed to be a certification by the Company that all conditions precedent provided for in this Indenture relating to authentication and delivery of such Securities continue to have been complied with and that no Event of
Default with respect to any of the Securities has occurred or is continuing. 
 The Trustee shall not be required to authenticate or to
cause an Authenticating Agent to authenticate any 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 or if the Trustee, being advised by counsel, determines that such action may not lawfully be taken. 

Each Registered 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 in Section 2.2 or 6.12 executed by or on behalf of the Trustee or by the Authenticating Agent by the manual signature of one of its authorized officers. Such
certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder. 
  

	Section 3.4.	Temporary Securities. 

 Pending the preparation of definitive Securities, the Company may
execute and deliver to the Trustee and, upon Company Order, the Trustee shall authenticate and deliver, in the manner provided in Section 3.3, temporary Securities in lieu thereof 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, in registered form and with such appropriate insertions, omissions, substitutions and other variations as
the officers of the Company executing such Securities may determine, as conclusively evidenced by their execution of such Securities. Such temporary Securities may be in global form. 

Except in the case of temporary Securities in global form, which shall be exchanged in accordance with the provisions thereof, if temporary
Securities are issued, the Company shall cause definitive Securities to be prepared without unreasonable delay. After the preparation of definitive Securities of the same series and containing terms and provisions that are identical to those of any
temporary Securities, such temporary Securities shall be exchangeable for such definitive Securities upon surrender of such temporary Securities at an Office or Agency for such Securities, without charge to any Holder thereof. Upon surrender for
cancellation of any one or more temporary Securities, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Securities of authorized denominations of the same series and
containing identical terms and provisions. Unless otherwise provided in or pursuant to this Indenture with respect to a temporary global Security, 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. 
  

	Section 3.5.	Registration, Transfer and Exchange. 

 With respect to the Registered Securities of each
series, if any, the Company shall cause to be kept a register (each such register being herein sometimes referred to as the “Security Register”) at an Office or Agency for such series in which, subject to such reasonable regulations as it
may prescribe, the Company shall provide for the registration of the Registered Securities of such series and of transfers of the Registered Securities of such series. Such Office or Agency shall be the “Security Registrar” for that series
of Securities. Unless otherwise specified in or pursuant to this Indenture or the Securities, the Trustee shall be the initial Security Registrar for each series of Securities. The Company shall have the right to remove and replace from time to time
the Security Registrar for any series of Securities; provided that no such removal or replacement shall be effective until a successor Security Registrar with respect to such series of Securities shall have been appointed by the Company and shall
have accepted such appointment by the Company. In the event that the Trustee shall not be or shall cease to be Security Registrar with respect to a series of Securities, it shall have the right to examine the Security Register for such series at all
reasonable times. There shall be only one Security Register for each series of Securities. 
 Upon surrender for registration of transfer of
any Registered Security of any series at any Office or Agency for such 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 Registered Securities
of the same series denominated as authorized in or pursuant to this Indenture, of a like aggregate principal amount bearing a number not contemporaneously outstanding and containing identical terms and provisions. 

  
 14 

 At the option of the Holder, Registered Securities of any series may be exchanged for other
Registered Securities of the same series containing identical terms and provisions, in any authorized denominations, and of a like aggregate principal amount, upon surrender of the Securities to be exchanged at any Office or Agency for such series.
Whenever any Registered Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Registered Securities which the Holder making the exchange is entitled to receive. 

Notwithstanding the foregoing, except as otherwise provided in or pursuant to this Indenture, any global Security shall be exchangeable
for Registered Securities only if (i) the Depository notifies the Company that it is no longer willing or able to act as a Depository for such global Security or ceases to be a clearing agency registered under the Exchange Act, and the Company
has not appointed a successor Depository within 90 days of that notice or becoming aware that the Depository is no longer so registered; (ii) an Event of Default has occurred and is continuing, and the Depository requests the issuance of
certificated Securities; or (iii) the Company determines not to have the Securities represented by a global Security. Neither the Company nor the Trustee will be liable for any delay by the Depository, its nominee or any direct or indirect
participant in identifying the beneficial owners of the Securities. The Company and the Trustee may conclusively rely on, and will be protected in relying on, instructions from the Depository or its nominee for all purposes, including with respect
to the registration and delivery, and the respective principal amounts, of the certificated Securities to be issued. If the beneficial owners of interests in a global Security are entitled to exchange such interests for definitive Securities as the
result of an event described in clause (i), (ii) or (iii) of the preceding sentence, then without unnecessary delay but in any event not later than the earliest date on which such interests may be so exchanged, the Company shall deliver to
the Trustee Registered Securities in such form and denominations as are required by or pursuant to this Indenture, and of the same series, containing identical terms and in aggregate principal amount equal to the principal amount of such global
Security, executed by the Company. On or after the earliest date on which such interests may be so exchanged, such global Security shall be surrendered from time to time by the U.S. Depository or such other Depository as shall be specified in the
Company Order with respect thereto, and in accordance with instructions given to the Trustee and the U.S. Depository or such other Depository, as the case may be (which instructions shall be in writing but need not be contained in or accompanied by
an Officer’s Certificate or be accompanied by an Opinion of Counsel), as shall be specified in the Company Order with respect thereto to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or in part, for
definitive Securities as described above without charge. The Trustee shall authenticate and make available for delivery, in exchange for each portion of such surrendered global Security, a like aggregate principal amount of definitive Securities 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; provided, however, that no such exchanges may occur during a
period beginning at the opening of business 15 days before any selection of Securities of the same series to be redeemed and ending on the relevant Redemption Date. Promptly following any such exchange in part, such global Security shall be returned
by the Trustee to such Depository or the U.S. Depository, as the case may be, or such other Depository or U.S. Depository referred to above in accordance with the instructions of the Company referred to above. If a Registered Security is issued in
exchange for any portion of a global Security after the close of business at the Office or Agency for such Security where such exchange occurs on or after (i) any Regular Record Date for such Security and before the opening of business at such
Office or Agency on the next succeeding Interest Payment Date, or (ii) any Special Record Date for such Security and before the opening of business at such Office or Agency on the related proposed date for payment of interest or Defaulted
Interest, as the case may be, interest shall not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of such Registered Security, but shall be payable on such Interest Payment Date or proposed date
for payment, as the case may be, only to the Person to whom interest in respect of such portion of such global Security shall be payable in accordance with the provisions of this Indenture. 

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 entitling the Holders thereof to the same benefits under this Indenture as the Securities surrendered upon such registration of transfer or exchange. 

Every Registered Security presented or surrendered for registration of transfer or for exchange or redemption shall (if so required by the
Company or the Security Registrar for such Security) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar for such Security duly 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, or redemption of
Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge and any other expenses (including fees and expenses of the Trustee) that may be imposed in connection with any registration of transfer
or exchange of Securities, other than exchanges pursuant to Section 3.4, 9.5 or 11.7 not involving any transfer. 
 Except as otherwise
provided in or pursuant to this Indenture, the Company shall not be required (i) to issue, register the transfer of or exchange any Securities during a period beginning at the opening of business 15 days before the day of mailing of a notice of
redemption of Securities of like tenor and the same series under Section 11.3 and ending at the close of business on the day of such mailing, or (ii) to register the transfer of or exchange any Registered Security 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, or (iii) to issue, register the transfer of or exchange any Security which, in accordance with its terms, has been
surrendered for repayment at the option of the Holder, except the portion, if any, of such Security not to be so repaid. 

  
 15 

	Section 3.6.	Mutilated, Destroyed, Lost and Stolen Securities. 

 If any mutilated Security is
surrendered to the Trustee, subject to the provisions of this Section 3.6, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same series containing identical terms and of like
principal amount and bearing a number not contemporaneously outstanding. 
 If there be delivered to the Company and the Trustee
(i) evidence to their satisfaction of the destruction, loss or theft of any Security, and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of
notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute and, upon the Company’s request the Trustee shall authenticate and deliver, in exchange for or in lieu of any such
mutilated, destroyed, lost or stolen Security, a new Security of the same series containing identical terms and of like principal amount and bearing a number not contemporaneously outstanding. 

Notwithstanding the foregoing provisions of this Section 3.6, in case any 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 3.6, 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 issued pursuant to this Section 3.6 in lieu of any destroyed, lost
or stolen Security shall constitute a separate 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 such series duly issued hereunder. 
 The provisions of this Section 3.6, as
amended or supplemented pursuant to this Indenture with respect to particular Securities or generally, shall be exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of
mutilated, destroyed, lost or stolen Securities. 
  

	Section 3.7.	Payment of Interest and Certain Additional Amounts; Rights to Interest and Certain Additional Amounts Preserved. 

Unless otherwise provided in or pursuant to this Indenture, any interest on and any Additional Amounts with respect to any Registered Security
which shall be payable, and are punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Security (or one or more Predecessor Securities) is registered as of the close of business on the
Regular Record Date for such interest. 
 Unless otherwise provided in or pursuant to this Indenture, any interest on and any Additional
Amounts with respect to any Registered Security which shall be payable, but shall not be punctually paid or duly provided for, on any Interest Payment Date for such Registered Security (herein called “Defaulted Interest”) shall forthwith
cease to be payable to the Holder thereof 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, as provided in clause (1) or (2) below: 

(1) The Company may elect to make payment of any Defaulted Interest to the Person in whose name such Registered Security (or a Predecessor
Security thereof) shall be registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed by the Company in the following manner. The Company shall notify the Trustee in writing of the
amount of Defaulted Interest proposed to be paid on such Registered Security, the Special Record Date therefor 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 on or prior to the date of the proposed payment, such money when so deposited to be held in trust for
the benefit of the Person entitled to such Defaulted Interest as provided in this clause (1). The Special Record Date for the payment of such Defaulted Interest 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 notification to the Trustee of the proposed payment. The Trustee shall, in the name and at the expense of the Company, cause notice of the proposed payment of such Defaulted Interest and the Special
Record Date therefor to be mailed, first-class postage prepaid, to the Holder of such Registered Security (or a Predecessor Security thereof) at his address as it appears in the Security Register not less than 10 days prior to such Special Record
Date. The Trustee may, in its discretion, in the name and at the expense of the Company, cause a similar notice to be published at least once in an Authorized Newspaper of general circulation in the Borough of Manhattan, The City of New York, but
such publication shall not be a condition precedent to the establishment of such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid, such Defaulted
Interest shall be paid to the Person in whose name such Registered Security (or a Predecessor Security thereof) shall be registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following clause
(2). 

  
 16 

 (2) The Company may make payment of any Defaulted Interest in any other lawful manner not
inconsistent with the requirements of any securities exchange on which such Security may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to
this clause (2), such payment shall be deemed practicable by the Trustee. 
 Unless otherwise provided in or pursuant to this Indenture or
the Securities of any particular series pursuant to the provisions of this Indenture, at the option of the Company, interest on Registered Securities (other than global Securities) that bear interest may be paid by mailing a check to the address of
the Person entitled thereto as such address shall appear in the Security Register or by transfer to an account maintained by the payee with a bank located in the United States. 

Subject to the foregoing provisions of this Section and Section 3.5, 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. 

In the case of any Registered Security of any series that is convertible into other securities of the Company or exchangeable for securities
of another issuer, which Registered Security is converted or exchanged after any Regular Record Date and on or prior to the next succeeding Interest Payment Date (other than any Registered Security with respect to which the Stated Maturity is prior
to such Interest Payment Date), interest with respect to which the Stated Maturity is on such Interest Payment Date shall be payable on such Interest Payment Date notwithstanding such conversion or exchange, and such interest (whether or not
punctually paid or duly provided for) shall be paid to the Person in whose name that Registered Security (or one or more predecessor Registered Securities) is registered at the close of business on such Regular Record Date. Except as otherwise
expressly provided in the immediately preceding sentence, in the case of any Registered Security which is converted or exchanged, interest with respect to which the Stated Maturity is after the date of conversion or exchange of such Registered
Security shall not be payable. 
  

	Section 3.8.	Persons Deemed Owners. 

 Prior to due presentment of a Registered 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 Registered Security is registered in the Security Register as the owner of such Registered Security for the
purpose of receiving payment of principal of, any premium and (subject to Sections 3.5 and 3.7) interest on and any Additional Amounts with respect to such Registered Security and for all other purposes whatsoever, whether or not any payment with
respect to such Registered Security shall be overdue, and none of the Company, the Trustee or any agent of the Company or the Trustee shall be affected by notice to the contrary. 

No Holder of any beneficial interest in any global Security held on its behalf by a Depository shall have any rights under this Indenture with
respect to such global Security, and such Depository may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the owner of such global Security for all purposes whatsoever. 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 global Security or for maintaining, supervising or
reviewing any records relating to such beneficial ownership interests. 
  

	Section 3.9.	Cancellation. 

 All Securities surrendered for payment, redemption, registration of
transfer, exchange or conversion or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee, and any such Securities, as well as Securities surrendered directly to the
Trustee for any such purpose, shall be cancelled promptly by the Trustee. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any
manner whatsoever, and all Securities so delivered shall be cancelled promptly by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by
or pursuant to this Indenture. All cancelled Securities held by the Trustee shall be destroyed by the Trustee, unless by a Company Order the Company directs their return to it. 

Section 3.10. Computation of Interest. 

Except as otherwise provided in or pursuant to this Indenture or in any Security, interest on the Securities shall be computed on the basis of
a 360-day year of twelve 30-day months. 

  
 17 

 ARTICLE 4 

SATISFACTION AND DISCHARGE OF INDENTURE 
  

	Section 4.1.	Satisfaction and Discharge. 

 Upon the direction of the Company by a Company Order, this
Indenture shall cease to be of further effect with respect to any series of Securities specified in such Company Order, and the Trustee, on receipt of a Company Order, at the expense of the Company, shall execute proper instruments acknowledging
satisfaction and discharge of this Indenture as to such series, when 
 (1) either 

(a) all Securities of such series theretofore authenticated and delivered (other than (i) Securities of such series which have been
destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.6 and (ii) Securities of such series 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 10.3) have been delivered to the Trustee for cancellation; or 

(b) all Securities of such series (i) have become due and payable, or (ii) will become due and payable at their Stated Maturity
within one year, or (iii) if redeemable at the option of the Company, 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 such purpose, money in the Currency in which such Securities are
payable in an amount sufficient to pay and discharge the entire indebtedness on such Securities, including the principal of, any premium and interest on, and any Additional Amounts with respect to such Securities, to the date of such deposit (in the
case of Securities which have become due and payable) or to the Maturity or the applicable Redemption Date thereof, as the case may be; 

(2) the Company has paid or caused to be paid all other sums payable hereunder by the Company with respect to the Outstanding Securities of
such series, including, without limitation, any fees, expenses and indemnities owed to the Trustee; and 
 (3) the Company has delivered to
the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture as to such series 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 Securities of such series as to which it is Trustee and if the other conditions thereto are met. 

Notwithstanding the satisfaction and discharge of this Indenture with respect to any series of Securities, the obligations of the Company to
the Trustee under Section 6.7 and, if money shall have been deposited with the Trustee pursuant to subclause (b) of clause (1) of this Section, the obligations of the Company and the Trustee with respect to the Securities of such
series under Sections 3.5, 3.6, 4.3, 10.2 and 10.3, with respect to the payment of Additional Amounts, if any, with respect to such Securities as contemplated by Section 10.4 (but only to the extent that the Additional Amounts payable with
respect to such Securities exceed the amount deposited in respect of such Additional Amounts pursuant to Section 4.1(1)(b)), and with respect to any rights to convert or exchange such Securities into securities of the Company or another issuer
shall survive. 
  

	Section 4.2.	Defeasance and Covenant Defeasance. 

 (1) Unless pursuant to Section 3.1, either or
both of (i) defeasance of the Securities of or within a series under clause (2) of this Section 4.2 shall not be applicable with respect to the Securities of such series or (ii) covenant defeasance of the Securities of or within
a series under clause (3) of this Section 4.2 shall not be applicable with respect to the Securities of such series, then such provisions, together with the other provisions of this Section 4.2 (with such modifications thereto as may
be specified pursuant to Section 3.1 with respect to any series of Securities), shall be applicable to such Securities, and the Company may at its option by Board Resolution, at any time, with respect to such Securities, elect to have
Section 4.2(2) or Section 4.2(3) be applied to such Outstanding Securities upon compliance with the conditions set forth below in this Section 4.2. 

(2) Upon the Company’s exercise of the above option applicable to this Section 4.2(2) with respect to any Securities of or within a
series, the Company shall be deemed to have been discharged from its obligations [, and the provisions of Article 16 shall cease to be effective,] with respect to such Outstanding Securities on the date the conditions set forth in clause (4) of
this Section 4.2 are satisfied (hereinafter, “defeasance”). For this purpose, such defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by such Outstanding Securities, which
shall thereafter be deemed to be “Outstanding” only for the purposes of clause (5) of this Section 4.2 and the other Sections of this Indenture referred to in clauses (i) and (ii) below, and to have satisfied all of its
other obligations under such Securities, and this Indenture insofar as such Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following which shall
survive until otherwise terminated or discharged hereunder: (i) the rights of Holders of such Outstanding Securities to receive, solely from the trust fund described in clause (4) of this Section 4.2 and as more fully set forth in
such clause, payments in respect of the principal of (and premium, if any) and interest, if any, on, and Additional Amounts, if any, with respect to, such Securities when such payments are due, and any rights of such Holder to convert such
Securities into other securities of the Company or exchange such Securities for securities of another issuer, (ii) the obligations of the Company and the Trustee with respect to such Securities under Sections 3.5, 3.6, 10.2 and 10.3 and with
respect to the payment of Additional Amounts, if any, on such Securities as contemplated by Section 10.4 (but only to the extent that the Additional Amounts payable with respect to such Securities exceed the amount deposited in respect of such
Additional Amounts pursuant to Section 4.2(4)(a) below), and with respect to any rights to convert such Securities into other securities of the Company or exchange such Securities for securities of another issuer, (iii) the

  
 18 

 
rights, powers, trusts, duties and immunities of the Trustee hereunder and (iv) this Section 4.2. The Company may exercise its option under this Section 4.2(2) notwithstanding the
prior exercise of its option under clause (3) of this Section 4.2 with respect to such Securities. 
 (3) Upon the Company’s
exercise of the option to have this Section 4.2(3) apply with respect to any Securities of or within a series, the Company shall be released from its obligations under, to the extent specified pursuant to Section 3.1(19), any covenant
applicable to such Securities [and the provisions of Article 16 shall cease to be effective as it relates to the aforementioned obligations and covenants,] with respect to such Outstanding Securities, on and after the date the conditions set forth
in clause (4) of this Section 4.2 are satisfied (hereinafter, “covenant defeasance”), and such Securities shall thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or
declaration or Act of Holders (and the consequences of any thereof) in connection with any such obligation or covenant, but shall continue to be deemed “Outstanding” for all other purposes hereunder. For this purpose, such covenant
defeasance means that, with respect to such Outstanding Securities, the Company may omit to comply with, and shall have no liability in respect of, any term, condition or limitation set forth in any such Section or such other covenant, [or Article,]
whether directly or indirectly, by reason of any reference elsewhere herein to any such Section or such other covenant [,or Article,] or by reason of reference in any such Section or such other covenant [,or Article,] to any other provision herein
or in any other document and such omission to comply shall not constitute a default or an Event of Default under Section 5.1(4) or otherwise and the specified Events of Default shall not longer constitute Events of Default, as the case may be,
but, except as specified above, the remainder of this Indenture and such Securities shall be unaffected thereby. 
 (4) The following shall
be the conditions to application of clause (2) or (3) of this Section 4.2 to any Outstanding Securities of or within a series: 

(a) The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee satisfying the requirements of
Section 6.8 who shall agree to comply with the provisions of this Section 4.2 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 such Securities, (1) an amount in Dollars or in such Foreign Currency in which such Securities are then specified as payable at Stated Maturity, or (2) Government Obligations applicable to such Securities
(determined on the basis of the Currency in which such Securities are then specified as payable at Stated Maturity) which through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not
later than one day before the due date of any payment of principal of (and premium, if any) and interest, if any, on, and Additional Amounts, if any, with respect to, such Securities, money in an amount, or (3) a combination thereof, in any
case, in an amount, sufficient, without consideration of any reinvestment of such principal and interest, 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 other qualifying trustee) to pay and discharge, (y) the principal of (and premium, if any) and interest, if any, on and Additional Amounts, if any, with respect to,
such Outstanding Securities at the Stated Maturity of such principal or installment of principal or premium or interest and (z) any mandatory sinking fund payments or analogous payments applicable to such Outstanding Securities on the days on
which such payments are due and payable in accordance with the terms of this Indenture and of such Securities. 
 (b) Such defeasance or
covenant defeasance shall not result in a breach or violation of, or constitute a default under, this Indenture or any other material agreement or instrument to which the Company is a party or by which it is bound. 

(c) No Event of Default or event which with notice or lapse of time or both would become an Event of Default with respect to such Securities
shall have occurred and be continuing on the date of such deposit and, with respect to defeasance only, at any time during the period ending on the 123rd day after the date of such deposit (it being understood that this condition shall not be deemed
satisfied until the expiration of such period). 
 (d) In the case of an election under clause (2) of this Section 4.2, the
Company shall have delivered to the Trustee an Opinion of Counsel stating that (i) the Company has received from the Internal Revenue Service a letter ruling, or there has been published by the Internal Revenue Service a Revenue Ruling, or
(ii) since the date of execution of this Indenture, there has been a change in the applicable U.S. Federal income tax law, in either case to the effect that, and based thereon such opinion shall confirm that, the Holders of such Outstanding
Securities will not recognize income, gain or loss for U.S. Federal income tax purposes as a result of such defeasance and will be subject to U.S. Federal income tax on the same amounts, in the same manner and at the same times as would have been
the case if such defeasance had not occurred. 
 (e) In the case of an election under clause (3) of this Section 4.2, the Company
shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Outstanding Securities will not recognize income, gain or loss for U.S. Federal income tax purposes as a result of such covenant defeasance and will be
subject to U.S. Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred. 

(f) The Company shall have delivered to the Trustee an Opinion of Counsel to the effect that, after the 123rd day after the date of deposit,
all money and Government Obligations (or other property as may be provided pursuant to Section 3.1) (including the proceeds thereof) deposited or caused to be deposited with the Trustee (or other qualifying trustee) pursuant to this clause
(4) to be held in trust will not be subject to any case or proceeding (whether voluntary or involuntary) in respect of the Company under any Federal or State bankruptcy, insolvency, reorganization or other similar law, or any decree or order
for relief in respect of the Company issued in connection therewith. 

  
 19 

 (g) The Company shall have delivered to the Trustee an Officer’s Certificate and the
Company shall have delivered to the Trustee an Opinion of Counsel, each stating that all conditions precedent to the defeasance or covenant defeasance under clause (2) or (3) of this Section 4.2 (as the case may be) have been complied
with. 
 (h) Notwithstanding any other provisions of this Section 4.2(4), such defeasance or covenant defeasance shall be effected in
compliance with any additional or substitute terms, conditions or limitations which may be imposed on the Company in connection therewith pursuant to Section 3.1. 

(5) Unless otherwise specified in or pursuant to this Indenture or any Security, if, after a deposit referred to in Section 4.2(4)(a) has
been made, (i) the Holder of a Security in respect of which such deposit was made is entitled to, and does, elect pursuant to Section 3.1 or the terms of such Security to receive payment in a Currency other than that in which the deposit
pursuant to Section 4.2(4)(a) has been made in respect of such Security, or (ii) a Conversion Event occurs in respect of the Foreign Currency in which the deposit pursuant to Section 4.2(4)(a) has been made, the indebtedness
represented by such Security shall be deemed to have been, and will be, fully discharged and satisfied through the payment of the principal of (and premium, if any), and interest, if any, on, and Additional Amounts, if any, with respect to, such
Security as the same becomes due out of the proceeds yielded by converting (from time to time as specified below in the case of any such election) the amount or other property deposited in respect of such Security into the Currency in which such
Security becomes payable as a result of such election or Conversion Event based on (x) in the case of payments made pursuant to clause (i) above, the applicable market exchange rate for such Currency in effect on the second Business Day
prior to each payment date, or (y) with respect to a Conversion Event, the applicable market exchange rate for such Foreign Currency in effect (as nearly as feasible) at the time of the Conversion Event. 

The Company shall pay and indemnify the Trustee (or other qualifying trustee, collectively for purposes of this Section 4.2(5) and
Section 4.3, the “Trustee”) against any tax, fee or other charge, imposed on or assessed against the Government Obligations deposited pursuant to this Section 4.2 or the principal or interest received in respect thereof other
than any such tax, fee or other charge which by law is for the account of the Holders of such Outstanding Securities. 
 Anything in this
Section 4.2 to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon Company Request, any money or Government Obligations (or other property and any proceeds therefrom) held by it as provided in
clause (4) of this Section 4.2 which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would
then be required to be deposited to effect a defeasance or covenant defeasance, as applicable, in accordance with this Section 4.2. 
  

	Section 4.3.	Application of Trust Money. 

 Subject to the provisions of the last paragraph of
Section 10.3, all money and Government Obligations (or other property as may be provided pursuant to Section 3.1) (including the proceeds thereof) deposited with the Trustee pursuant to Section 4.1 or 4.2 in respect of any Outstanding
Securities of any series shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own
Paying Agent) as the Trustee may determine, to the Holders of such Securities of all sums due and to become due thereon in respect of principal (and premium, if any) and interest and Additional Amounts, if any; but such money and Government
Obligations need not be segregated from other funds except to the extent required by law. [Money and Government Obligations so held in trust shall not be subject to the provisions of Article 16 except to the extent set forth in Section 16.1.]

  

	Section 4.4.	Reinstatement. 

 If the Trustee or any Paying Agent is unable to apply any money
in accordance with this Article with respect to any Securities by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the obligations under this Indenture and
such Securities from which the Company has been discharged or released pursuant to Section 4.2(2) or 4.2(3) shall be revived and reinstated as though no deposit had occurred pursuant to this Article with respect to such Securities, until such
time as the Trustee or Paying Agent is permitted to apply all money held in trust pursuant to Section 4.3 with respect to such Securities in accordance with this Article; provided, however, that if the Company makes any payment of
principal of or any premium or interest on any such Securities following such reinstatement of its obligations, the Company shall be subrogated to the rights (if any) of the Holders of such Securities to receive such payment from the money so held
in trust. 

  
 20 

 ARTICLE 5 

REMEDIES 
  

	Section 5.1.	Events of Default. 

 “Event of Default,” wherever used herein with respect to
Securities of any series, means any one of the following events (whatever the reason for such Event of Default and whether it shall be [occasioned by the provisions of Article 16 or 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 specifically deleted or modified in or pursuant to the supplemental indenture, Board Resolution
or Officer’s Certificate establishing the terms of such Series pursuant to this Indenture: 
 (1) default in the payment of any interest
on any Security of such series, or any Additional Amounts payable with respect thereto, when such interest becomes or such Additional Amounts become 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 any premium on any Security of such series, or any Additional Amounts payable with respect
thereto, when such principal or premium becomes or such Additional Amounts become due and payable at their Maturity; or 
 (3) default in
the deposit of any sinking fund payment when and as due by the terms of a Security of such series; or 
 (4) default in the performance, or
breach, of any covenant or warranty of the Company in this Indenture or the Securities (other than a covenant or warranty a default in the performance or the breach of which is elsewhere in this Section specifically dealt with or which has been
expressly included in this Indenture solely for the benefit of a series of Securities other than such series), and continuance of such default or breach for a period of 60 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 25% in principal amount of the Outstanding Securities of such 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) the entry by a court having competent jurisdiction of: 

(a) a decree or order for relief in respect of the Company in an involuntary proceeding under any applicable bankruptcy, insolvency,
reorganization or other similar law and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or 

(b) a decree or order adjudging the Company to be insolvent, or approving a petition seeking reorganization, arrangement, adjustment or
composition of the Company and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or 
 (c) a
final and non-appealable order appointing a custodian, receiver, liquidator, assignee, trustee or other similar official of the Company of any substantial part of the property of the Company or ordering the winding up or liquidation of the affairs
of the Company; or 
 (6) the commencement by the Company of a voluntary proceeding under any applicable bankruptcy, insolvency,
reorganization or other similar law or of a voluntary proceeding seeking to be adjudicated insolvent or the consent by the Company to the entry of a decree or order for relief in an involuntary proceeding under any applicable bankruptcy, insolvency,
reorganization or other similar law or to the commencement of any insolvency proceedings against it, or the filing by the Company of a petition or answer or consent seeking reorganization, arrangement, adjustment or composition of the Company or
relief under any applicable 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 or similar official of the Company or any substantial
part of the property of the Company or the making by the Company of an assignment for the benefit of creditors, or the taking of corporate action by the Company in furtherance of any such action; or 

(7) any Indebtedness of the Company (other than the Securities) with an aggregate principal amount outstanding, individually or in the
aggregate, of at least $50,000,000 shall not have been paid when due and shall continue not to be paid within any applicable grace period after final maturity (or when otherwise due by acceleration or otherwise); or 

(8) the entry against the Company of one or more final and non-appealable judgments for the payment of money in an aggregate uninsured or
unbonded amount in excess of $50,000,000, by a court or courts of competent jurisdiction, which judgment remains or judgments remain undischarged, unstayed or unsatisfied for a period of 90 consecutive days; or 

(9) any other Event of Default provided in or pursuant to this Indenture with respect to Securities of such series. 

 

	Section 5.2.	Acceleration of Maturity; Rescission and Annulment. 

 If an Event of Default with respect
to Securities of any series at the time Outstanding (other than an Event of Default specified in clause (5) or (6) of Section 5.1) occurs and is continuing, then the Trustee or the Holders of not less than 25% in principal

  
 21 

 
amount of the Outstanding Securities of such series may declare the principal of all the Securities of such series, or such lesser amount as may be provided for in the Securities of such series,
to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by the Holders), and upon any such declaration such principal or such lesser amount shall become immediately due and payable. 

If an Event of Default specified in clause (5) or (6) of Section 5.1 occurs, all unpaid principal of and accrued interest on
the Outstanding Securities of that series (or such lesser amount as may be provided for in the Securities of such series) shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or
any Holder of any Security of that series. 
 At any time after a declaration of acceleration with respect to the Securities of any series
has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of not less than a majority in principal amount of the Outstanding Securities of such
series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if 
 (1) the Company
has paid or deposited with the Trustee a sum of money sufficient to pay 
 (a) all overdue installments of any interest on and Additional
Amounts with respect to all Securities of such series, 
 (b) the principal of and any premium on any Securities of such series which have
become due otherwise than by such declaration of acceleration and interest thereon and any Additional Amounts with respect thereto at the rate or rates borne by or provided for in such Securities, 

(c) to the extent that payment of such interest or Additional Amounts is lawful, interest upon overdue installments of any interest and
Additional Amounts at the rate or rates borne by or provided for 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 all other amounts due the Trustee under Section 6.7; and 

(2) all Events of Default with respect to Securities of such series, other than the non-payment of the principal of, any premium and interest
on, and any Additional Amounts with respect to Securities of such series which shall have become due solely by such declaration of acceleration, shall have been cured or waived as provided in Section 5.13. 

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

Notwithstanding the foregoing, at the election of the Company, the sole remedy with respect to an Event of Default for the failure by the
Company to comply with its obligations under Section 314(a)(1) of the Trust Indenture Act relating to the Company’s failure to file any documents or reports that the Company is required to file with the SEC pursuant to Section 13 or
15(d) of the Exchange Act or of its covenants set forth in Section 7.4 (any such Event of Default, a “Reporting Default”), shall, after the occurrence of such Reporting Default consist exclusively of the right to receive additional
interest (the “Additional Interest”) on the Securities at an annual rate equal to (i) 0.25% of the principal amount of the Securities for each day during the 90 calendar day period beginning on, and including, the date on which such
Reporting Default first occurs and on which such Reporting Default is continuing and (ii) 0.50% of the principal amount of the Securities for each day during the 90 calendar day period beginning on, and including, the 91st day following the
date on which such Reporting Default first occurs and on which such Reporting Default is continuing. If the Company so elects, the Additional Interest shall accrue on all Outstanding Securities from and including the date on which such Reporting
Default first occurs until such violation is cured or waived and shall be payable as provided in Section 3.7. On the 181st day after such Reporting Default (if such violation is not cured or waived prior to such 181st calendar day), then the
Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of such series may declare the principal of all the Securities of such series, or such lesser amount as may be provided for in the Securities of such
series, to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by the Holders), and upon any such declaration such principal or such lesser amount shall become immediately due and payable. 

If the Company elects to pay the Additional Interest as the sole remedy for the Reporting Default, the Company shall notify in writing, by a
certificate, the Holders, the Paying Agent and the Trustee of such election at any time on or before the close of business on the fifth Business Day prior to the date on which such Event of Default would otherwise occur. Unless and until a
Responsible Officer of the Trustee receives at the Corporate Trust Office such a certificate, the Trustee may assume without inquiry that Additional Interest is not payable. The Company shall pay the Additional Interest semi-annually in arrears,
with the first semi-annual payment due on the first Interest Payment Date following the date of such Reporting Default, in the same manner as described on the face of the Security. 

  
 22 

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

 The Company covenants
that if 
 (1) default is made in the payment of any installment of interest on or any Additional Amounts with respect to any Security when
such interest or Additional Amounts shall have become 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 any premium on any Security or any Additional Amounts with respect thereto at their Maturity, 
 the Company
shall, upon demand of the Trustee, pay to the Trustee, for the benefit of the Holders of such Securities, the whole amount of money then due and payable with respect to such Securities, with interest upon the overdue principal, any premium and, to
the extent that payment of such interest shall be legally enforceable, upon any overdue installments of interest and Additional Amounts at the rate or rates borne by or provided for in such Securities, and, in addition thereto, such further amount
of money as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and all other amounts due to the Trustee under
Section 6.7. 
 If the Company fails to pay the money it is required to pay the Trustee pursuant to the preceding paragraph forthwith
upon the demand of the Trustee, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the money so due and unpaid, and may prosecute such proceeding to judgment or final decree,
and may enforce the same against the Company or any other obligor upon such Securities and collect the monies 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
proceed to protect and enforce its rights and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as may be necessary to protect and enforce any such rights, whether for the specific enforcement of any
covenant or agreement in this Indenture or such Securities or in aid of the exercise of any power granted herein or therein, or to enforce any other proper remedy. 
  

	Section 5.4.	Trustee May File Proofs of Claim. 

 In case of the pendency of any receivership,
insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities of any series or the property of the Company or such other
obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on
the Company for the payment of any overdue principal, premium, interest or Additional Amounts) shall be entitled and empowered, by intervention in such proceeding or otherwise, 

(1) to file and prove a claim for the whole amount, or such lesser amount as may be provided for in the Securities of any applicable series,
of the principal and any premium, interest and Additional Amounts owing and unpaid in respect of the Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any
claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents or counsel) and of the Holders of Securities allowed in such judicial proceeding, and 

(2) to collect and receive any monies 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 of Securities to make such payments to the Trustee and, in the event that the Trustee
shall consent to the making of such payments directly to the Holders of Securities, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and any other
amounts due the Trustee under Section 6.7. 
 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent
to or accept or adopt on behalf of any Holder of a Security 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 of a Security in any such proceeding. 
  

	Section 5.5.	Trustee May Enforce Claims Without Possession of Securities. 

 All rights of action and
claims under this Indenture or any of 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 or judgment, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel,
shall be for the ratable benefit of each and every Holder of the Securities in respect of which such judgment has been recovered. 

  
 23 

	Section 5.6.	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, interest or Additional Amounts, upon presentation of the Securities,
and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 
 FIRST: To the payment of all
amounts due the Trustee and any predecessor Trustee under Section 6.7; 
 SECOND: To the payment of the amounts then due and unpaid
upon the Securities for principal and any premium, interest and Additional Amounts 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 aggregate amounts
due and payable on such Securities for principal and any premium, interest and Additional Amounts, respectively; 
 THIRD: The balance, if
any, to the Person or Persons entitled thereto. 
  

	Section 5.7.	Limitations 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 such
series; 
 (2) the Holders of not less than 25% in principal amount of the Outstanding Securities of such 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 such indemnity as is reasonably satisfactory to it against the costs, expenses and liabilities to be incurred in compliance with such request; 

(4) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and

 (5) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a
majority in principal amount of the Outstanding Securities of such 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 or any Security to affect, disturb or prejudice the rights of any other such Holders or Holders of Securities of any other series, or to obtain or to seek to obtain priority or preference over any other Holders or to enforce any right
under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such Holders. 
  

	Section 5.8.	Unconditional Right of Holders to Receive Principal and Any Premium, Interest and Additional Amounts. 

Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to
receive payment of the principal of, any premium and (subject to Sections 3.5 and 3.7) interest on, and any Additional Amounts with respect to, such Security on the respective Stated Maturity or Maturities therefor specified in such Security (or, in
the case of redemption, on the Redemption Date or, in the case of repayment at the option of such Holder if provided in or pursuant to this Indenture, on the date such repayment is due) and to institute suit for the enforcement of any such payment,
and such right shall not be impaired without the consent of such Holder. 
  

	Section 5.9.	Restoration of Rights and Remedies. 

 If the Trustee or any Holder of a Security 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 the
Company, the Trustee and each such Holder shall, subject to any determination in such proceeding, be restored severally and respectively to their former positions hereunder, and thereafter all rights and remedies of the Trustee and each such Holder
shall continue as though no such proceeding had been instituted. 
  

	Section 5.10.	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 3.6, no right or remedy herein conferred upon or reserved to the Trustee or to each and every Holder of a Security is intended to be
exclusive of any other right or remedy, and every right and remedy, to the extent permitted by law, shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.
The assertion or employment of any right or remedy hereunder, or otherwise, shall not, to the extent permitted by law, prevent the concurrent assertion or employment of any other appropriate right or remedy. 

  
 24 

	Section 5.11.	Delay or Omission Not Waiver. 

 No delay or omission of the Trustee or of any Holder of
any Security 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 any Holder of a Security may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by such Holder, as the case may be. 

 

	Section 5.12.	Control by Holders of Securities. 

 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 or with
the Securities of such series, 
 (2) such Holders have offered to the Trustee indemnity reasonably satisfactory to it against the costs,
expenses and liabilities that may be incurred in compliance with such direction; 
 (3) the Trustee may take any other action deemed proper
by the Trustee which is not inconsistent with such direction, and 
 (4) such direction is not unduly prejudicial to the rights of the other
Holders of Securities of such series not joining in such action. 
  

	Section 5.13.	Waiver of Past Defaults. 

 The Holders of not less than a majority in principal amount of
the Outstanding Securities of any series on behalf of the Holders of all the Securities of such series may waive any past default hereunder with respect to such series and its consequences, except a default 

(1) in the payment of the principal of, any premium or interest on, or any Additional Amounts with respect to, any Security of such series, or

 (2) in respect of the payment of any amounts due from the Company to the Trustee pursuant to Section 6.7; or 

(3) in respect of a covenant or provision hereof which under Article 9 cannot be modified or amended without the consent of the Holder of each
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 such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

 

	Section 5.14.	Waiver of Usury, Stay or Extension Laws. 

 The Company covenants that (to the extent that
it may lawfully do so) it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any usury, 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 expressly waives (to the extent that it may lawfully do so) 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. 
  

	Section 5.15.	Undertaking for Costs. 

 All parties to this Indenture agree, and each Holder of any
Security by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or
omitted by it as Trustee, the filing by any party litigant in such suit of any undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party
litigant in such suit having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section 5.15 shall not apply to any suit instituted by the Trustee, to any suit instituted by
any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of Outstanding Securities of any series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of (or premium, if any)
or interest, if any, on or Additional Amounts, if any, with respect to any Security on or after the respective Stated Maturities expressed in such Security (or, in the case of redemption, on or after the Redemption Date, and, in the case of
repayment, on or after the date for repayment) or for the enforcement of the right, if any, to convert or exchange any Security into other securities in accordance with its terms. 

  
 25 

 ARTICLE 6 

THE TRUSTEE 
  

	Section 6.1.	Certain Duties and Responsibilities. 

 (1) Except during the continuance of an Event of
Default, 
 (a) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no
implied covenants or obligations shall be read into this Indenture against the Trustee; and 
 (b) in the absence of bad faith on its part,
the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case
of any such certificates or opinions that by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this
Indenture but not to verify or confirm the contents thereof. 
 (2) In the event that a Responsible Officer of the Trustee receives written
notice that an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or
use under the circumstances in the conduct of his own affairs. 
 (3) No provision of this Indenture shall be construed to relieve the
Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct (as conclusively determined by the final judgment of a court of competent jurisdiction, no longer subject to appeal or review),
except that 
 (a) this paragraph (3) shall not be construed to limit the effect of paragraph (1) of this Section 6.1; 

(b) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it shall be proved that the
Trustee was negligent in ascertaining the pertinent facts; 
 (c) the Trustee shall not be liable with respect to any action taken or
omitted to be taken by it in good faith in accordance with the direction of the Holders of a majority in principal amount of the Outstanding Securities relating to the time, method and place of conducting any proceeding for any remedy available to
the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture. 
  

	Section 6.2.	Certain Rights of Trustee. 

 Subject to the provisions of Section 6.1: 

(1) the Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon or other paper or document reasonably believed by it to be genuine and to have been signed or presented by the proper party or parties.
The Trustee need not investigate any statement, warranty or representation or any fact or matter stated in any such document and may conclusively rely as to the truth of the statements and the correctness of the opinions expressed therein; 

(2) any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or a Company Order (in each
case, other than delivery of any Security to the Trustee for authentication and delivery pursuant to Section 3.3 which shall be sufficiently evidenced as provided therein) 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 shall be herein specifically prescribed) may, in the absence of bad faith on its part, request and rely upon an Officer’s
Certificate and/or an Opinion of Counsel and shall not be liable for any action it takes or omits to take in good faith in reliance on an Officer’s Certificate and/or Opinion of Counsel; 

(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 or powers vested in it by or pursuant to this Indenture at the
request or direction of any of the Holders of Securities of any series pursuant to this Indenture, unless such Holders shall have offered to the Trustee such security or indemnity as is reasonably satisfactory to it against the costs, expenses and
liabilities which might be incurred by it in compliance with such request or direction; 

  
 26 

 (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, coupon or other paper or document, but the Trustee, in its discretion, may, but shall not be obligated to 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, during business hours and upon reasonable notice, the
books, records and premises of the Company, personally or by agent or attorney; 
 (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 supervision of or misconduct or negligence on the part of any agent or attorney appointed with due care
by it hereunder; 
 (8) the rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation,
its right to be indemnified, are extended to, and shall be enforceable by (i) the Trustee in each document related hereto to which it is a party and (ii) the entity serving as the Trustee in each of its capacities hereunder and in each of
its capacities as under any related document whether or not specifically set forth therein and each agent, custodian and other Person employed to act hereunder and under any related document, as the case may be, including the Authenticating Agent,
Paying Agent, and Security Registrar; 
 (9) 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; 

(10) 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 Article 6; 
 (11) the Trustee shall not be liable for any
action taken or omitted to be taken by it in good faith that is believed to be authorized or within the discretion or rights or powers conferred upon it by this Indenture, unless the Trustee’s conduct constitutes negligence; 

(12) the permissive rights of the Trustee to do things enumerated in this Indenture shall not be construed as a duty; 

(13) the Trustee shall not be deemed to have notice or actual knowledge of any Event of Default unless written notice of any Event of Default
is received by a Responsible Officer of the Trustee pursuant to Section 1.5 hereof and such notice references this Indenture and the Securities; 

(14) the Trustee shall not be bound to make any investigation into (i) the performance or observance by the Company or any other Person
of any of the covenants, agreements or other terms or conditions set forth in this Indenture or in any related document, (ii) the occurrence of any default, or the validity, enforceability, effectiveness or genuineness of this Indenture, any
related document or any other agreement, instrument or document, or (iii) the satisfaction of any condition set forth in this Indenture or any related document; 

(15) in no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind
whatsoever (including, but not limited to, loss of profit), even if the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action; 

(16) the Trustee may, from time to time, request that the Company deliver a certificate (upon which the Trustee may conclusively rely) setting
forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture or any related document together with a specimen signature of such authorized officers; provided, however, that
from time to time, the Company may, by delivering to the Trustee a revised certificate, change the information previously provided by it pursuant to this Section 6.2(16), but the Trustee shall be entitled to conclusively rely on the then
current certificate until receipt of a superseding certificate; 
 (17) the Trustee shall not have any duty or responsibility in respect of
(i) any recording, filing, or depositing of this Indenture or any other agreement or instrument, (ii) the acquisition or maintenance of any insurance or (iii) the payment or discharge of any tax, assessment, or other governmental
charge or any lien or encumbrance of any kind owing with respect to, assessed or levied against, any part of the Collateral; 
 (18) to help
fight the funding of terrorism and money laundering activities, the Trustee may obtain, verify, and record information that identifies individuals or entities that establish a relationship or open an account with the Trustee. The Trustee may ask for
the name, address, tax identification number and other information that shall allow the Trustee to identify the individual or entity who is establishing the relationship or opening the account. The Trustee may also ask for formation documents such
as articles of incorporation, an offering memorandum, or other identifying documents to be provided. The parties to this Indenture agree that they shall provide the Trustee with such information as the Trustee may reasonably request; 

(19) in no event shall the Trustee be liable for any failure or delay in the performance of its obligations under this Indenture or any
related documents because of circumstances beyond the Trustee’s control, including, but not limited to, a failure, termination, or suspension of a clearing house, securities depositary, settlement system or central payment system in any
applicable 

  
 27 

 
part of the world or acts of God, flood, war (whether declared or undeclared), civil or military disturbances or hostilities, nuclear or natural catastrophes, political unrest, explosion, severe
weather or accident, earthquake, terrorism, fire, riot, labor disturbances, strikes or work stoppages for any reason, embargo, government action, including any laws, ordinances, regulations or the like (whether domestic, federal, state, county or
municipal or foreign) which delay, restrict or prohibit the providing of the services contemplated by this Indenture or any related documents, or the unavailability of communications or computer facilities, the failure of equipment or interruption
of communications or computer facilities, or the unavailability of the Federal Reserve Bank wire or telex or other wire or communication facility, or any other causes beyond the Trustee’s control whether or not of the same class or kind as
specified above; 
 (20) in respect of this Indenture, the Trustee shall have no duty or obligation to verify or confirm that the Person
sending instructions, directions, reports, notices or other communications or information by electronic transmission is, in fact, a Person authorized to give such instructions, directions, reports, notices or other communications or information on
behalf of the party purporting to send such electronic transmission and the Trustee shall not be liable for any losses, liabilities, costs or expenses incurred or sustained by any party as a result of such reliance upon or compliance with such
instructions, directions, reports, notices or other communications or information. Each other party agrees to assume all risks arising out of the use of electronic methods to submit instructions, directions, reports, notices or other communications
or information to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, notices, reports or other communications or information, and the risk of interception and misuse by third parties; 

(21) delivery of reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such
shall not constitute actual or constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is
entitled to rely conclusively on Officers’ Certificates); and 
 (22) The Trustee shall be fully justified in failing or refusing to
take any action under this Indenture or any other related document if such action (i) would, in the reasonable opinion of the Trustee, in good faith (which may be based on the advice or opinion of counsel), be contrary to applicable law, this
Indenture or any other related document, or (ii) is not provided for in this Indenture or any other related document. The Trustee shall not be required to take any action under this Indenture or any related document if taking such action
(i) would subject the Trustee to a tax in any jurisdiction where it is not then subject to a tax, or (i) would require the Trustee to qualify to do business in any jurisdiction where it is not then so qualified. 

(23) In order to comply with applicable tax laws, rules and regulations (“Applicable Law”) related to this Indenture or any
indenture supplemental hereto, the Company agrees: (i) to provide to the Trustee sufficient information about such parties and/or transactions (including any modification to the terms of such transactions) so it can determine whether it has any
tax related obligations under Applicable Law, (ii) that the Trustee shall be entitled to make any withholding or deduction from payments this Indenture or any indenture supplemental hereto to the extent necessary to comply with Applicable Law
for which it shall not have any liability, and (iii) to hold harmless the Trustee for any losses it may suffer due to the actions it takes to comply with such Applicable Law. The terms of this section shall survive the termination of this
Indenture or the earlier resignation or removal of the Trustee hereunder. 
  

	Section 6.3.	Notice of Defaults. 

 Within 90 days after a Responsible Officer of the Trustee
receives written notice of a default with respect to the Securities of any series, the Trustee shall transmit by mail to all Holders of Securities of such series entitled to receive reports pursuant to Section 7.3(3), notice of such default
hereunder, unless such default shall have been cured or waived; provided, however, that, except in the case of a default in the payment of the principal of (or premium, if any), or interest, if any, on, or Additional Amounts or any
sinking fund or purchase fund installment with respect to, any Security of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors
and/or Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the best interest of the Holders of Securities. 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. 
  

	Section 6.4.	Not Responsible for Recitals or Issuance of Securities. 

 The recitals contained herein
and in the Securities, except the Trustee’s certificate of authentication shall be taken as the statements of the Company and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes
no representations as to the validity or sufficiency of this Indenture or of the Securities, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations
hereunder and that the statements made by it in a Statement of Eligibility on Form T-1 supplied to the Company are true and accurate, subject to the qualifications set forth therein. Neither the Trustee nor any Authenticating Agent shall be
accountable for the use or application by the Company of the Securities or the proceeds thereof. 

  
 28 

	Section 6.5.	May Hold Securities. 

 The Trustee, any Authenticating Agent, any Paying Agent, any
Security Registrar or any other Person that may be an agent of the Trustee or the Company, in its individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 310(b) and 311 of the Trust Indenture Act, may
otherwise deal with the Company with the same rights it would have if it were not the Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other Person. 
  

	Section 6.6.	Money Held in Trust. 

 Except as provided in Section 4.3 and Section 10.3,
money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law and shall be held uninvested. The Trustee shall be under no liability for interest on any money received by it hereunder except
as otherwise agreed to in writing with the Company. 
  

	Section 6.7.	Compensation and Reimbursement. 

 The Company agrees: 

(1) to pay to the Trustee from time to time reasonable compensation for all services rendered by the Trustee 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 or arising out of or in connection with
the acceptance or administration of the trust or trusts hereunder (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to the
Trustee’s negligence or bad faith (as conclusively determined by the final judgment of a court of competent jurisdiction, no longer subject to appeal or review); and 

(3) to indemnify the Trustee and its agents, officers, directors and employees for, and to hold them harmless against, any loss, liability or
expense incurred without negligence or bad faith on their part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending themselves against any claim or
liability in connection with the exercise or performance of any of their powers or duties hereunder, except to the extent that any such loss, liability or expense was due to the Trustee’s negligence or bad faith (as conclusively determined by
the final judgment of a court of competent jurisdiction, no longer subject to appeal or review). 
 As security for the performance of the
obligations of the Company under this Section, the Trustee shall have a lien prior to the Securities of any series upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of, and
premium or interest on or any Additional Amounts with respect to Securities. 
 To the extent permitted by law, any compensation or expense
incurred by the Trustee after a default specified in or pursuant to Section 5.1 is intended to constitute an expense of administration under any then applicable bankruptcy or insolvency law. “Trustee” for purposes of this
Section 6.7 shall include any predecessor Trustee but the negligence or bad faith of any Trustee shall not affect the rights of any other Trustee under this Section 6.7. 

The provisions of this Section 6.7 shall survive the satisfaction and discharge of this Indenture or the earlier resignation or removal
of the Trustee and shall apply with equal force and effect to the Trustee in its capacity as Authenticating Agent, Paying Agent or Security Registrar. 
  

	Section 6.8.	Corporate Trustee Required; Eligibility. 

 There shall at all times be a Trustee
hereunder that is a company organized and doing business under the laws of the United States of America, any state thereof or the District of Columbia, that is eligible under Section 310(a)(1) of the Trust Indenture Act to act as trustee under
an indenture qualified under the Trust Indenture Act and that has a combined capital and surplus (computed in accordance with Section 310(a)(2) of the Trust Indenture Act) of at least $50,000,000, and that is subject to supervision or
examination by Federal or state authority. 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 6.9.	Resignation and Removal; Appointment of Successor. 

 (1) 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 pursuant to Section 6.10. 

(2) The Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the Company.
If the instrument of acceptance by a successor Trustee required by Section 6.10 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 such series. 

  
 29 

 (3) 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 the Company. 
 (4)
If at any time: 
 (a) the Trustee shall fail to comply with the obligations imposed upon it under Section 310(b) of the Trust
Indenture Act with respect to Securities of any series after written request therefor by the Company or any Holder of a Security of such series who has been a bona fide Holder of a Security of such series for at least six months, or 

(b) the Trustee shall cease to be eligible under Section 6.8 and shall fail to resign after written request therefor by the Company or
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 or pursuant to a Board Resolution, may remove the Trustee with respect to all Securities or the Securities of such series, or (ii) subject to Section 315(e) of the Trust Indenture Act, any Holder of a Security 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 removal of the Trustee with respect to all Securities of such
series and the appointment of a successor Trustee or Trustees. 
 (5) 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 or pursuant to a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the
Securities of such 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 6.10. If, within one year after such resignation, removal or incapacity, 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 retiring Trustee, the successor Trustee so appointed shall, forthwith
upon its acceptance of such appointment in accordance with the applicable requirements of Section 6.10, 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 of Securities and accepted appointment in the manner required by Section 6.10, any Holder of a Security
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. 
 (6) The Company shall give notice of each resignation and each removal of the Trustee with respect to the
Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series by mailing written notice of such event by first-class mail, postage prepaid, to the Holders of Registered Securities, if any, of such
series as their names and addresses appear in the Security Register. 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. 

(7) In no event shall any retiring Trustee be liable for the compensation, acts or omissions of any successor Trustee hereunder. 

 

	Section 6.10.	Acceptance of Appointment by Successor. 

 (1) Upon the appointment hereunder of any
successor Trustee with respect to all Securities, such successor Trustee so appointed shall execute, acknowledge and deliver to the Company and 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 hereunder of the retiring Trustee; but, on the request of the
Company or such successor Trustee, such retiring Trustee, upon payment of its charges, shall execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and, subject to
Section 10.3, shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder, subject nevertheless to its claim, if any, provided for in Section 6.7. 

(2) Upon the appointment hereunder of any successor Trustee with respect to the Securities of one or more (but not all) series, the Company,
the retiring Trustee and such successor Trustee 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, such 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 

  
 30 

 
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 herein or in such supplemental indenture shall constitute such Trustees co-trustees of
the same trust, 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 that no Trustee shall be responsible for any notice given to, or
received by, or any act or failure to act on the part of any other Trustee hereunder, 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, such retiring Trustee shall have no further responsibility for the exercise of rights and powers or for the performance of the duties and obligations vested in the Trustee under this Indenture with respect to the Securities of that
or those series to which the appointment of such successor Trustee relates other than as hereinafter expressly set forth, 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 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 such successor Trustee, such retiring Trustee, upon
payment of its charges with respect to the Securities of that or those series to which the appointment of such successor Trustee relates and subject to Section 10.3 shall duly assign, transfer and deliver to such successor Trustee, to the
extent contemplated by such supplemental indenture, the 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, subject to its
claim, if any, provided for in Section 6.7. 
 (3) Upon request of any Person appointed hereunder as a 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 (1) or (2) of this Section, as the case may be. 

(4) No Person shall accept its appointment hereunder as a successor Trustee unless at the time of such acceptance such successor Person shall
be qualified and eligible under this Article. 
  

	Section 6.11.	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 by sale or otherwise to all
or substantially all of the corporate trust business of the Trustee shall be the successor of the Trustee hereunder, 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. 
  

	Section 6.12.	Appointment of Authenticating Agent. 

 The Trustee may appoint one or more Authenticating
Agents acceptable to the Company with respect to one or more series of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities of that or those series issued upon original issue, exchange, registration of
transfer, partial redemption or partial repayment or pursuant to Section 3.6, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the
Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and
delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. 

Each Authenticating Agent must be acceptable to the Company and, except as provided in or pursuant to this Indenture, shall at all times be a
Corporation that would be permitted by the Trust Indenture Act to act as trustee under an indenture qualified under the Trust Indenture Act, is authorized under applicable law and by its charter to act as an Authenticating Agent and has a combined
capital and surplus (computed in accordance with Section 310(a)(2) of the Trust Indenture Act) of at least $50,000,000. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, it
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 by sale or otherwise to all
or substantially all of the corporate agency or corporate trust business of an Authenticating Agent, shall be the successor of such Authenticating Agent hereunder, 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 the Company. Upon
receiving such a notice of resignation or upon such a termination, or in case at any time such 

  
 31 

 
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 Registered Securities, if any, of the series with respect to which such Authenticating Agent shall 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. 
 The
Company agrees to pay each Authenticating Agent from time to time reasonable compensation for its services under this Section. If the Trustee makes such payments, it shall be entitled to be reimbursed for such payments, subject to the provisions of
Section 6.7. 
 The provisions of Sections 3.8, 6.4 and 6.5 shall be applicable to each Authenticating Agent. 

If an Authenticating Agent is appointed with respect to one or more series of Securities pursuant to this Section, the Securities of such
series may have endorsed thereon, in addition to or in lieu of the Trustee’s certificate of authentication, an alternate certificate of authentication in substantially the following form: 

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

 

			
	Dated:	  	                                      
                                         
       ,
 as Trustee

		
		  	By:                                     
                                         
  
       as Authenticating Agent

		
		  	By:                                     
                                         
  
       Authorized Officer

 If all of the Securities of any series may not be originally issued at one time, and if the Trustee does not
have an office capable of authenticating Securities upon original issuance located in a Place of Payment where the Company wishes to have Securities of such series authenticated upon original issuance, the Trustee, if so requested in writing (which
writing need not be accompanied by or contained in an Officer’s Certificate by the Company), shall appoint in accordance with this Section an Authenticating Agent having an office in a Place of Payment designated by the Company with respect to
such series of Securities. 
 ARTICLE 7 

HOLDERS LISTS AND REPORTS BY TRUSTEE AND COMPANY 
  

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

 In accordance with
Section 312(a) of the Trust Indenture Act, the Company shall furnish or cause to be furnished to the Trustee, 
 (1) semi-annually with
respect to Securities of each series not later than May 1 and November 1 of the year or upon such other dates as are set forth in or pursuant to the Board Resolution or indenture supplemental hereto authorizing such series, a list, in each
case in such form as the Trustee may reasonably require, of the names and addresses of Holders as of the applicable date, 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 7.2.	Preservation of Information; Communications to Holders. 

 The Trustee shall comply with
the obligations imposed upon it pursuant to Section 312 of the Trust Indenture Act. 
 Every Holder of Securities, by receiving and
holding the same, agrees with the Company and the Trustee that none of the Company, the Trustee, any Paying Agent or any Security Registrar shall be held accountable by reason of the disclosure of any such information as to the names and addresses
of the Holders of Securities in accordance with Section 312(c) of the Trust Indenture Act, regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by reason of mailing any material
pursuant to a request made under Section 312(b) of the Trust Indenture Act. 

  
 32 

	Section 7.3.	Reports by Trustee. 

 (1) Within 60 days after September 15 of each year commencing
with the first September 15 following the first issuance of Securities pursuant to Section 3.1, if required by Section 313(a) of the Trust Indenture Act, the Trustee shall transmit, pursuant to Section 313(c) of the Trust
Indenture Act, a brief report dated as of such September 15 with respect to any of the events specified in said Section 313(a) which may have occurred since the later of the immediately preceding September 15 and the date of this
Indenture. 
 (2) The Trustee shall transmit the reports required by Section 313(a) and (b) of the Trust Indenture Act at the
times specified therein. 
 (3) Reports pursuant to this Section shall be transmitted in the manner and to the Persons required by Sections
313(c) and 313(d) of the Trust Indenture Act. 
  

	Section 7.4.	Reports by Company. 

 So long as any Securities covered by this Indenture are
outstanding, the Company shall (i) file with the Commission within the time periods prescribed by its rules and regulations and applicable to the Company; and (ii) furnish to the Trustee and the holders of the Securities within 15 days
after the date on which the Company would be required to file the same with the Commission pursuant to its rules and regulations (giving effect to any grace period provided by Rule 12b-25 under the Exchange Act), all quarterly and annual financial
information to the extent required of the Company to be contained in Forms 20-F, 10-Q and 10-K and, with respect to the annual consolidated financial statements only, a report thereon by the Company’s independent auditors. The Company shall not
be required to file any report or other information with the Commission if the Commission does not permit such filing, although such reports will be required to be furnished to the Trustee. Documents filed by the Company with the Commission via the
EDGAR system will be deemed to have been furnished to the Trustee and the Holders of the Securities as of the time such documents are filed via EDGAR. 

Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such
shall not constitute actual or constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is
entitled to rely conclusively on Officers’ Certificates). 
 ARTICLE 8 

CONSOLIDATION, MERGER AND SALES 
  

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

 The Company shall not consolidate
with or merge with or into any other Person (whether or not affiliated with the Company), or sell, assign, convey, transfer or lease its properties and assets as an entirety or substantially as an entirety to any other Person (whether or not
affiliated with the Company), and the Company shall not permit any other Person (whether or not affiliated with the Company) to consolidate with or merge into the Company or convey, transfer or lease its properties and assets as an entirety or
substantially as an entirety to the Company; unless: 
 (1) in case the Company shall consolidate with or merge into another Person or
convey, transfer or lease its properties and assets as an entirety or substantially as an entirety to any Person, 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 as an entirety or substantially as an entirety shall be a Corporation organized and existing under the laws of the United States of America, any state thereof, the District of Columbia or the
Republic of The Marshall Islands and shall expressly assume, by an indenture (or indentures, if at such time there is more than one Trustee) supplemental hereto, executed by the successor Person and delivered to the Trustee the due and punctual
payment of the principal of, any premium and interest on and any Additional Amounts with respect to all the Securities and the performance of every obligation in this Indenture and the Outstanding Securities on the part of the Company to be
performed or observed and shall provide for conversion or exchange rights in accordance with the provisions of the Securities of any series that are convertible or exchangeable into Common Stock or other securities; 

(2) immediately after giving effect to such transaction and treating any indebtedness which becomes an obligation of the Company or a
Subsidiary as a result of such transaction as having been incurred by the Company or such Subsidiary at the time of such transaction, no Event of Default or event which, after notice or lapse of time, or both, would become an Event of Default, shall
have occurred and be continuing; and 
 (3) either the Company or the successor Person shall have delivered to the Trustee an Officer’s
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. 

  
 33 

	Section 8.2.	Successor Person Substituted for Company. 

 Upon any consolidation by 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 to any Person in accordance with Section 8.1, 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 released from all obligations and covenants under this Indenture and the Securities. 

ARTICLE 9 
 SUPPLEMENTAL
INDENTURES 
  

	Section 9.1.	Supplemental Indentures Without Consent of Holders. 

 Without the consent of any Holders
of Securities, the Company (when authorized by or pursuant to a Board Resolution) and the Trustee (upon Company Order), at any time and from time to time, may enter into one or more indentures supplemental hereto, for any of the following purposes:

 (1) to evidence the succession of another Person to the Company, and the assumption by any such successor of the covenants of the Company,
contained 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 (as shall be specified in such supplemental indenture or indentures) or to surrender any right or power herein conferred upon the Company; or 

(3) [Reserved]; 
 (4) to
establish the form or terms of Securities of any series as permitted by Sections 2.1 and 3.1; or 
 (5) to evidence and provide for the
acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of
the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 6.10; or 
 (6) to cure any ambiguity or to
correct or supplement any provision herein which may be defective or inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture which shall not adversely affect the
interests of the Holders of Securities of any series then Outstanding in any material respect; or 
 (7) to add to, delete from or revise
the conditions, limitations and restrictions on the authorized amount, terms or purposes of issue, authentication and delivery of Securities, as herein set forth; or 

(8) to add any additional Events of Default with respect to all or any series of Securities (as shall be specified in such supplemental
indenture); or 
 (9) to supplement any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the
defeasance and discharge of any series of Securities pursuant to Article 4, provided that any such action shall not adversely affect the interests of any Holder of an Outstanding Security of such series or any other Outstanding Security in any
material respect; or 
 (10) to secure the Securities; or 

(11) to make provisions with respect to conversion or exchange rights of Holders of Securities of any series then Outstanding; or 

(12) to amend or supplement any provision contained herein or in any supplemental indenture, provided that no such amendment or supplement
shall materially adversely affect the interests of the Holders of any Securities then Outstanding. 
  

	Section 9.2.	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 including consents obtained in connection with a tender offer or exchange offer, by Act of said Holders delivered to
the Company and the Trustee, the Company (when authorized by or pursuant to a Company’s Board Resolution) and the Trustee (upon Company Order) 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 or of the Securities of such series;
provided, however, that no such supplemental indenture, without the consent of the Holder of each Outstanding Security affected thereby, shall 

  
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 (1) change the Stated Maturity of the principal of, or any premium or installment of interest on
or any Additional Amounts with respect to, any Security, or reduce the principal amount thereof or the rate (or modify the calculation of such rate) of interest thereon or any Additional Amounts with respect thereto, or any premium payable upon the
redemption thereof or otherwise, or change the obligation of the Company to pay Additional Amounts pursuant to the terms hereof (except as contemplated by Section 8.1(1) and permitted by Section 9.1(1)), 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 5.2 or the amount thereof provable in bankruptcy pursuant to Section 5.4, change
the redemption provisions or adversely affect the right of repayment at the option of any Holder as contemplated by Article 13, or change the Place of Payment, Currency in which the principal of, any premium or interest on, or any Additional Amounts
with respect to any Security is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date or, in the case of
repayment at the option of the Holder, on or after the date for repayment), 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 reduce the requirements of Section 15.4 for quorum or voting, or 

(3) modify any of the provisions of this Section, Section 5.13 or Section 10.8, 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, or 

(4) make any change that adversely affects the right to convert or exchange any Security into or for securities of the Company or other
securities (whether or not issued by the Company), cash or property in accordance with its terms. 
 A supplemental indenture which changes
or eliminates any covenant or other provision of this Indenture which shall have been included expressly and 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 of Securities under this Section to approve the particular form of any proposed supplemental
indenture, but it shall be sufficient if such Act shall approve the substance thereof. 
  

	Section 9.3.	Execution of Supplemental Indentures. 

 As a condition to executing, or accepting the
additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trust created by this Indenture, the Trustee shall be entitled to receive, and shall be fully protected in relying upon, an
Opinion of Counsel and an Officer’s Certificate each stating that the execution of such supplemental indenture is authorized or permitted by this Indenture and that all conditions precedent to the execution of such supplemental indenture have
been fulfilled. 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 9.4.	Effect of Supplemental Indentures. 

 Upon the execution of any supplemental indenture
under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of a Security theretofore or thereafter authenticated and delivered
hereunder shall be bound thereby. 
  

	Section 9.5.	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. 
  

	Section 9.6.	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. 

  
 35 

	Section 9.7.	Notice of Supplemental Indenture. 

 Promptly after the execution by the Company and the
Trustee of any supplemental indenture pursuant to Section 9.2, the Company shall transmit to the Holders of Outstanding Securities of any series affected thereby a notice setting forth the substance of such supplemental indenture. 

ARTICLE 10 
 COVENANTS

  

	Section 10.1.	Payment of Principal, Any Premium, Interest and Additional Amounts. 

 The Company
covenants and agrees for the benefit of the Holders of the Securities of each series that it will duly and punctually pay the principal of, any premium and interest on and any Additional Amounts with respect to the Securities of such series in
accordance with the terms thereof and this Indenture. 
  

	Section 10.2.	Maintenance of Office or Agency. 

 The Company shall maintain in each Place of Payment
for any series of Securities an Office or Agency where Securities of such series may be presented or surrendered for payment, where Securities of such series may be surrendered for registration of transfer or exchange, where Securities of such
series that are convertible or exchangeable may be surrendered for conversion or exchange, and where notices and demands to or upon the Company in respect of the Securities of such series relating thereto 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; provided that the Trustee shall not serve as an agent or office for the purpose of service of process on behalf of the Company. 

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 shall 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. Unless otherwise provided in or pursuant to this Indenture, the Company hereby designates as the Place of Payment for each series of Securities the Borough of Manhattan, The City of New York, and initially appoints the
Corporate Trust Office of the Trustee as the Office or Agency of the Company in the Borough of Manhattan, The City of New York for such purpose. The Company may subsequently appoint a different Office or Agency in the Borough of Manhattan, The City
of New York for the Securities of any series. 
 Unless otherwise specified with respect to any Securities pursuant to
Section 3.1, if and so long as the Securities of any series (i) are denominated in a Foreign Currency or (ii) may be payable in a Foreign Currency, or so long as it is required under any other provision of this Indenture, then the
Company will maintain with respect to each such series of Securities, or as so required, at least one exchange rate agent. 
  

	Section 10.3.	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 shall, on or before each due date of the principal of, any premium or interest on or Additional Amounts with respect to any of the Securities of such series, segregate and hold in
trust for the benefit of the Persons entitled thereto a sum in the currency or currencies, currency unit or units or composite currency or currencies in which the Securities of such series are payable (except as otherwise specified pursuant to
Section 3.1 for the Securities of such series) sufficient to pay the principal or any premium, interest or Additional Amounts so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and shall
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 shall, on or prior to 10:00 a.m. New York City time on the Business Day prior to each due date of the principal of, any premium or interest on or any Additional Amounts with respect to any Securities of such series, deposit with
any Paying Agent a sum (in the currency or currencies, currency unit or units or composite currency or currencies described in the preceding paragraph) sufficient to pay the principal or any premium, interest or Additional Amounts so becoming due,
such sum to be held in trust for the benefit of the Persons entitled thereto, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 

  
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 The Company shall cause each Paying Agent for any series of Securities other than the Trustee to
execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent shall: 

(1) hold all sums held by it for the payment of the principal of, any premium or interest on or any Additional Amounts with respect to
Securities of such series in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as provided in or pursuant to this Indenture; 

(2) give the Trustee notice of any default by the Company (or any other obligor upon the Securities of such series) in the making of any
payment of principal, any premium or interest on or any Additional Amounts with respect to the Securities of such series; and 
 (3) at any
time during the continuance of any such default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. 

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 terms 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 sums. 

Except as otherwise provided herein or pursuant hereto, 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, any premium or interest on or any Additional Amounts with respect to any Security of any series and remaining unclaimed for two years after such principal or any such premium or interest or any
such Additional Amounts shall have become due and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured
general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided,
however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in an Authorized Newspaper in each Place of Payment for such series or to be
mailed to Holders of Registered Securities of such series, or both, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication or mailing nor shall it be
later than two years after such principal and any premium or interest or Additional Amounts shall have become due and payable, any unclaimed balance of such money then remaining will be repaid to the Company. 

 

	Section 10.4.	Additional Amounts. 

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

Except as otherwise provided in or pursuant to this Indenture or the Securities of the applicable series, if the Securities of a series
provide for the payment of Additional Amounts, at least 10 days prior to the first Interest Payment Date with respect to such series of Securities (or if the Securities of such series shall not bear interest prior to Maturity, the first day on which
a payment of principal is made), and at least 10 days prior to each date of payment of principal or interest if there has been any change with respect to the matters set forth in the below-mentioned Officer’s Certificate, the Company shall
furnish to the Trustee and the principal Paying Agent or Paying Agents, if other than the Trustee, an Officer’s Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment of principal of and premium, if any,
or interest on the Securities of such series shall be made to Holders of Securities of such series without withholding for or on account of any tax, assessment or other governmental charge described in the Securities of such series. If any such
withholding shall be required, then such Officer’s Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders of Securities, and the Company agrees to pay to the Trustee or such Paying
Agent the Additional Amounts required by the terms of such Securities. The Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them harmless against, any loss, liability or expense reasonably incurred without negligence
or bad faith on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officer’s Certificate furnished pursuant to this Section 10.4. 

  
 37 

	Section 10.5.	[Reserved.] 

  

	Section 10.6.	[Reserved.] 

  

	Section 10.7.	Corporate Existence. 

 Subject to Article 8, the Company shall do or cause to be
done all things necessary to preserve and keep in full force and effect its corporate existence and its rights (charter and statutory) and franchises; provided, however, that the foregoing shall not obligate the Company to preserve any
such right or franchise if the Company shall determine that the preservation thereof is no longer desirable in the conduct of its business and that the loss thereof is not disadvantageous in any material respect to any Holder. 

 

	Section 10.8.	Waiver of Certain Covenants. 

 The Company may omit in any particular instance to comply
with any term, provision or condition set forth in Section 10.7 with respect to the Securities of any series or in any other covenant provided for the benefit of such series pursuant to section 3.1 or 9.1 if before the time for such compliance
the Holders of at least a majority in principal amount of the Outstanding Securities of such series, by Act of such Holders, either shall waive such compliance in such instance or generally shall have waived compliance with such term, provision or
condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in
respect of any such term, provision or condition shall remain in full force and effect. 
  

	Section 10.9.	Company Statement as to Compliance; Notice of Certain Defaults. 

 (1) The Company shall
deliver to the Trustee, within 120 days after the end of each fiscal year, a written statement (which need not be contained in or accompanied by an Officer’s Certificate) signed by the principal executive officer, the principal financial
officer or the principal accounting officer of the Company, stating that 
 (a) a review of the activities of the Company during such year
and of its performance under this Indenture has been made under his or her supervision, and 
 (b) to the best of his or her knowledge,
based on such review, (i) the Company has complied with all the conditions and covenants imposed on it under this Indenture throughout such year, or, if there has been a default in the fulfillment of any such condition or covenant, specifying
each such default known to him or her and the nature and status thereof, and (ii) no event has occurred and is continuing which is, or after notice or lapse of time or both would become, an Event of Default, or, if such an event has occurred
and is continuing, specifying each such event known to him and the nature and status thereof. 
 (2) The Company shall deliver to the
Trustee, within thirty days after the occurrence thereof, written notice of any Event of Default or any event which after notice or lapse of time or both would become an Event of Default pursuant to clause (4) of Section 5.1, and the
status thereof and what actions the Company is taking or proposes to take in respect thereof. 
 (3) The Trustee shall have no duty to
monitor the Company’s compliance with the covenants contained in this Article 10. 
 Delivery of such reports, information and
documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute actual or constructive notice of any information contained therein or determinable from information contained therein, including
the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely conclusively on Officers’ Certificates). 

ARTICLE 11 
 REDEMPTION
OF SECURITIES 
  

	Section 11.1.	Applicability of Article. 

 Redemption of Securities of any series at the option of the
Company as permitted or required by the terms of such Securities shall be made in accordance with the terms of such Securities and (except as otherwise provided herein or pursuant hereto) this Article. 

 

	Section 11.2.	Election to Redeem; Notice to Trustee. 

 The election of the Company to redeem any
Securities shall be evidenced by or pursuant to a Board Resolution. In case of any redemption at the election of the Company of (i) less than all of the Securities of any series or (ii) all of the Securities of any series, with the same
issue date, interest rate or formula, Stated Maturity and other terms, the Company shall, at least 60 days but not more than 75 days 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. 

  
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	Section 11.3.	Selection by Trustee of Securities to be Redeemed. 

 Unless otherwise specified as
contemplated by Section 3.1, if less than all of the Securities of any series 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: (i) by lot or such other similar method in accordance with applicable procedures of the Depository (if the Securities are global notes), or (ii) if there are no such
requirements of the Depository, on a pro rata basis and in compliance with any applicable stock exchange rules; provided, however, that no such partial redemption shall reduce the portion of the principal amount of a Registered
Security of such series not redeemed to less than the minimum denomination for a Security of such series established herein or pursuant hereto. 

The Trustee shall promptly notify the Company and the Security Registrar (if other than itself) 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 of such
Securities which has been or is to be redeemed. 
 Unless otherwise specified in or pursuant to this Indenture or the Securities of any
series, if any Security selected for partial redemption is converted into other securities of the Company or exchanged for securities of another issuer in part before termination of the conversion or exchange right with respect to the portion of the
Security so selected, the converted portion of such Security shall be deemed (so far as may be) to be the portion selected for redemption. Securities which have been converted or exchanged during a selection of Securities to be redeemed shall be
treated by the Trustee as Outstanding for the purpose of such selection. 
  

	Section 11.4.	Notice of Redemption. 

 Notice of redemption shall be given in the manner provided in
Section 1.6, 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 the Holders of Securities to be redeemed. Failure to give notice by mailing in the
manner herein provided to the Holder of any Registered Securities designated for redemption as a whole or in part, or any defect in the notice to any such Holder, shall not affect the validity of the proceedings for the redemption of any other
Securities or portion thereof. 
 Any notice that is mailed to the Holder of any Registered 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 (or the formula for calculating it), 

(3) if less than all Outstanding Securities of any series are to be redeemed, the identification (and, in the case of partial redemption, the
principal amount) of the particular Security or Securities to be redeemed, 
 (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 shall become due and payable upon
each such Security or portion thereof to be redeemed, and, if applicable, that interest thereon shall 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 any accrued interest and
Additional Amounts pertaining thereto, 
 (7) that the redemption is for a sinking fund, if such is the case, 

(8) [Reserved], 
 (9)
[Reserved], 
 (10) in the case of Securities of any series that are convertible into Common Stock of the Company or exchangeable for other
securities, the conversion or exchange price or rate, the date or dates on which the right to convert or exchange the principal of the Securities of such series to be redeemed will commence or terminate and the place or places where such Securities
may be surrendered for conversion or exchange, and 

  
 39 

 (11) the CUSIP number or the Euroclear or the Cedel reference numbers of such Securities, if any
(or any other numbers used by a Depository to identify such Securities). 
 A notice of redemption published as contemplated by
Section 1.6 need not identify particular Registered Securities to be redeemed. 
 Notice of redemption of Securities to be
redeemed at the election of the Company shall be given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company; provided, however, that the Company shall have delivered to the
Trustee, at least 45 days prior to the Redemption Date, an Officers’ Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in this Section 11.4. 

 

	Section 11.5.	Deposit of Redemption Price. 

 Prior to 10:00 a.m. New York City time on the Business Day
prior to any Redemption Date, the Company shall deposit, with respect to the Securities of any series called for redemption pursuant to Section 11.4, with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent,
segregate and hold in trust as provided in Section 10.3) an amount of money in the applicable Currency sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date, unless otherwise specified
pursuant to Section 3.1 or in the Securities of such series) any accrued interest on and Additional Amounts with respect thereto, all such Securities or portions thereof which are to be redeemed on that date. 

 

	Section 11.6.	Securities Payable on Redemption Date. 

 Notice of redemption having been given as
aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and
accrued interest) 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 any accrued interest
and Additional Amounts to the Redemption Date; provided, however, that, except as otherwise specified in or pursuant to this Indenture or the Registered Securities of such series, installments of interest on Registered Securities whose
Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the Regular Record Dates therefor according to their
terms and the provisions of Section 3.7. 
 If any Security called for redemption shall not be so paid upon surrender thereof for
redemption, the principal and any premium, until paid, shall bear interest from the Redemption Date at the rate prescribed therefor in the Security. 
  

	Section 11.7.	Securities Redeemed in Part. 

 Any Registered Security which is to be redeemed only in
part shall be surrendered at any Office or Agency for such Security (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 Registered Security or Securities of the same
series, containing identical terms and provisions, 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 12 
 SINKING
FUNDS 
  

	Section 12.1.	Applicability of Article. 

 The provisions of this Article shall be applicable to any
sinking fund for the retirement of Securities of a series, except as otherwise permitted or required in or pursuant to this Indenture or any Security of such series issued pursuant to this Indenture. 

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 such series is herein referred to as an “optional sinking fund payment”. If provided for by the terms
of Securities of any series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 12.2. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the
terms of Securities of such series and this Indenture. 
  

	Section 12.2.	Satisfaction of Sinking Fund Payments With Securities. 

 The Company may, in satisfaction
of all or any part of any sinking fund payment with respect to the Securities of any series to be made pursuant to the terms of such Securities (1) deliver Outstanding Securities of such series (other than any of such Securities previously
called for redemption or any of such Securities in respect of which cash shall have been released to the Company), and 

  
 40 

 
(2) apply as a credit Securities of such series which have been redeemed either at the election of the Company pursuant to the terms of such series of Securities or through the application of
permitted optional sinking fund payments pursuant to the terms of such Securities, provided that such series of Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the
Redemption 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. If, as a result of the delivery or credit of Securities of any series in
lieu of cash payments pursuant to this 
 Section 12.2, the principal amount of Securities of such series to be redeemed in
order to satisfy the remaining sinking fund payment shall be less than $100,000, the Trustee need not call Securities of such series for redemption, except upon Company Request, and such cash payment shall be held by the Trustee or a Paying Agent
and applied to the next succeeding sinking fund payment, provided, however, that the Trustee or such Paying Agent shall at the request of the Company from time to time pay over and deliver to the Company any cash payment so being held
by the Trustee or such Paying Agent upon delivery by the Company to the Trustee of Securities of that series purchased by the Company having an unpaid principal amount equal to the cash payment requested to be released to the Company. 

 

	Section 12.3.	Redemption of Securities for Sinking Fund. 

 Not less than 75 days and not more than 90
days prior to each sinking fund payment date for any series of Securities, the Company shall deliver to the Trustee an Officer’s Certificate specifying the amount of the next ensuing mandatory 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 and crediting of Securities of that series pursuant to Section 12.2, and
the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and will also deliver to the Trustee any Securities to be so credited and not theretofore delivered. If such Officer’s Certificate shall
specify an optional amount to be added in cash to the next ensuing mandatory sinking fund payment, the Company shall thereupon be obligated to pay the amount therein specified. Not less than 60 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 11.3 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner
provided in Section 11.4. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 11.6 and 11.7. 

ARTICLE 13 
 REPAYMENT AT
THE OPTION OF HOLDERS 
  

	Section 13.1.	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 the terms of the Securities of such series, and such Holder shall provide the Trustee and the Company with prior written notice of its election to have such
Securities repaid. The repayment of any principal amount of Securities pursuant to such option of the Holder to require repayment of Securities before their Stated Maturity, for purposes of Section 3.9, shall not operate as a payment,
redemption or satisfaction of the Indebtedness represented by such Securities unless and until the Company, at its option, shall deliver or surrender the same to the Trustee with a directive that such Securities be cancelled. Notwithstanding
anything to the contrary contained in this Section 13.1, in connection with any repayment of Securities, the Company may arrange for the purchase of any Securities by an agreement with one or more investment bankers or other purchasers to
purchase such Securities by paying to the Holders of such Securities on or before the close of business on the repayment date an amount not less than the repayment price payable by the Company on repayment of such Securities, and the obligation of
the Company to pay the repayment price of such Securities shall be satisfied and discharged to the extent such payment is so paid by such purchasers. 

ARTICLE 14 
 SECURITIES
IN FOREIGN CURRENCIES 
  

	Section 14.1.	Applicability of Article. 

 Whenever this Indenture provides for (i) any action by,
or the determination of any of the rights of, Holders of Securities of any series in which not all of such Securities are denominated in the same Currency, or (ii) any distribution to Holders of Securities, in the absence of any provision to
the contrary in the form of Security of any particular series or pursuant to this Indenture or the Securities, any amount in respect of any Security denominated in a Currency other than Dollars shall be treated for any such action or distribution as
that amount of Dollars that could be obtained for such amount on such reasonable basis of exchange and as of the record date with respect to Registered Securities of such series (if any) for such action, determination of rights or distribution (or,
if there shall be no applicable record date, such other date reasonably proximate to the date of such action, determination of rights or distribution) as the Company may specify in a written notice to the Trustee. Notwithstanding anything contained
herein to the contrary, any issuance of Securities denominated in a currency other than Dollars must be acceptable to the applicable Depository and prior to the issuance of any Securities denominated in a currency other than Dollars the Company must
obtain the prior written consent of the Trustee. 

  
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 ARTICLE 15 

MEETINGS OF HOLDERS OF SECURITIES 
  

	Section 15.1.	Purposes for Which Meetings May Be Called. 

 A meeting of Holders of Securities of any
series may be called at any time and from time to time pursuant to this Article to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other Act provided by this Indenture to be made, given or taken by
Holders of Securities of such series. 
  

	Section 15.2.	Call, Notice and Place of Meetings. 

 (1) The Trustee may at any time call a meeting of
Holders of Securities of any series for any purpose specified in Section 15.1, to be held at such time and at such place in the Borough of Manhattan, The City of New York. Notice of every meeting of Holders of Securities of any series, setting
forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in Section 1.6, not less than 21 nor more than 180 days prior to the date fixed for the
meeting. 
 (2) In case at any time the Company (by or pursuant to a Board Resolution) or the Holders of at least 10% in principal amount of
the Outstanding Securities of any series shall have requested the Trustee to call a meeting of the Holders of Securities of such series for any purpose specified in Section 15.1, by written request setting forth in reasonable detail the action
proposed to be taken at the meeting, and the Trustee shall not have mailed notice of or made the first publication of the notice of such meeting within 21 days after receipt of such request (whichever shall be required pursuant to Section 1.6)
or shall not thereafter proceed to cause the meeting to be held as provided herein, then the Company or the Holders of Securities of such series in the amount above specified, as the case may be, may determine the time and the place in the Borough
of Manhattan, The City of New York for such meeting and may call such meeting for such purposes by giving notice thereof as provided in clause (1) of this Section. 
  

	Section 15.3.	Persons Entitled to Vote at Meetings. 

 To be entitled to vote at any meeting of Holders
of Securities of any series, a Person shall be (1) a Holder of one or more Outstanding Securities of such series, or (2) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding Securities
of such series by such Holder or Holders. The only Persons who shall be entitled to be present or to speak at any meeting of Holders of Securities of any series shall be the Persons entitled to vote at such meeting and their counsel, any
representatives of the Trustee and its agents and counsel and any representatives of the Company and its counsel. 
  

	Section 15.4.	Quorum; Action. 

 The Persons entitled to vote a majority in principal amount of the
Outstanding Securities of a series shall constitute a quorum for any meeting of Holders of Securities of such series. In the absence of a quorum within 30 minutes after the time appointed for any such meeting, the meeting shall, if convened at the
request of Holders of Securities of such series, be dissolved. In any other case the meeting may be adjourned for a period of not less than 10 days as determined by the chairman of the meeting prior to the adjournment of such meeting. In the absence
of a quorum at any reconvened meeting, such reconvened meeting may be further adjourned for a period of not less than 10 days as determined by the chairman of the meeting prior to the adjournment of such reconvened meeting. Notice of the reconvening
of any adjourned meeting shall be given as provided in Section 15.2(1), except that such notice need be given only once not less than five days prior to the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of
an adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the Outstanding Securities of such series which shall constitute a quorum. 

Except as limited by the proviso to Section 9.2, any resolution presented to a meeting or adjourned meeting duly reconvened at
which a quorum is present as aforesaid may be adopted only by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Securities of that series; provided, however, that, except as limited by the proviso
to Section 9.2, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other Act which this Indenture expressly provides may be made, given or taken by the Holders of a specified percentage,
which is less than a majority, in principal amount of the Outstanding Securities of a series may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid by the affirmative vote of the Holders of
such specified percentage in principal amount of the Outstanding Securities of such series. 
 Any resolution passed or decision
taken at any meeting of Holders of Securities of any series duly held in accordance with this Section shall be binding on all the Holders of Securities of such series, whether or not such Holders were present or represented at the meeting. 

 

	Section 15.5.	Determination of Voting Rights; Conduct and Adjournment of Meetings. 

 (1)
Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of Holders of Securities of such series in regard to proof of the holding of Securities of such series

  
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and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and other evidence of the right to
vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate. Except as otherwise permitted or required by any such regulations, the holding of Securities shall be proved in the manner specified in Section 1.4
and the appointment of any proxy shall be proved in the manner specified in Section 1.4. Such regulations may provide that written instruments appointing proxies, regular on their face, may be presumed valid and genuine without the proof
specified in Section 1.4 or other proof. 
 (2) Holders of Securities representing 10% shall appoint a temporary chairman of the
meeting, unless the meeting shall have been called by the Company or by Holders of Securities as provided in Section 15.2(2), in which case the Company or the Holders of Securities of the series calling the meeting, as the case may be, shall in
like manner appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented
at the meeting. 
 (3) At any meeting, each Holder of a Security of such series or proxy shall be entitled to one vote for each $1,000
principal amount of Securities of such series held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any Security challenged as not Outstanding and ruled by the chairman of the meeting to be
not Outstanding. The chairman of the meeting shall have no right to vote, except as a Holder of a Security of such series or proxy. 
 (4)
Any meeting of Holders of Securities of any series duly called pursuant to Section 15.2 at which a quorum is present may be adjourned from time to time by Persons entitled to vote a majority in principal amount of the Outstanding Securities of
such series represented at the meeting; and the meeting may be held as so adjourned without further notice. 
  

	Section 15.6.	Counting Votes and Recording Action of Meetings. 

 The vote upon any resolution submitted
to any meeting of Holders of Securities of any series shall be by written ballots on which shall be subscribed the signatures of the Holders of Securities of such series or of their representatives by proxy and the principal amounts and serial
numbers of the Outstanding Securities of such series held or represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall
make and file with the secretary of the meeting their verified written reports in triplicate of all votes cast at the meeting. A record, at least in triplicate, of the proceedings of each meeting of Holders of Securities of any series shall be
prepared by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting forth
a copy of the notice of the meeting and showing that said notice was given as provided in Section 15.2 and, if applicable, Section 15.4. Each copy shall be signed and verified by the affidavits of the permanent chairman and secretary of
the meeting and one such copy shall be delivered to the Company and another to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive
evidence of the matters therein stated. 
 [ARTICLE 16. 

SUBORDINATION OF SECURITIES 
  

	Section 16.1.	Securities Subordinate to Senior Indebtedness. 

 The Company covenants and agrees, and
each Holder of a Security, by his acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Article, the Indebtedness represented by the Securities and the payment of the principal of (and
premium, if any) and interest on each and all of the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness. 

Notwithstanding the foregoing, if a deposit referred to in Section 4.2(4)(a) is made pursuant to Section 4.2(2) or
Section 4.2(3) with respect to any Securities (and provided all other conditions set out in Section 4.2(4) shall have been satisfied with respect to such Securities), then, following such deposit or following the 123rd day after such
deposit with respect to defeasance only, no money or Government Obligations so deposited, and no proceeds thereon, will be subject to any rights of holders of Senior Indebtedness, including any such rights arising under this Article 16. 

 

	Section 16.2.	Payment Over of Proceeds Upon Dissolution, Etc. 

 In the event of (a) any insolvency
or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other similar case or proceeding in connection therewith, relative to the Company or to its creditors, as such, or to its assets, or (b) any liquidation,
dissolution or other winding up of the Company, whether voluntary or involuntary and whether or not involving insolvency or bankruptcy, or (c) any assignment for the benefit of creditors or any other marshalling of assets and liabilities of the
Company, then and in any such event the holders of Senior Indebtedness shall be entitled to receive payment in full of all amounts due or to become due on or in respect of all Senior Indebtedness, or provision shall be made for such payment in cash
or cash equivalents or otherwise in a manner satisfactory to the holders of Senior Indebtedness, before the Holders of the Securities are entitled to receive any payment or distribution of any kind or character, whether in cash, property or
securities (including any payment or distribution 

  
 43 

 
which may be payable or deliverable by reason of the payment of any other Indebtedness of the Company subordinated to the payment of the Securities), on account of principal of (or premium, if
any) or interest on the Securities or on account of any purchase or other acquisition of Securities by the Company or any Subsidiary of the Company (all such payments, distributions, purchases and acquisitions herein referred to, individually and
collectively, as a “Securities Payment”), and to that end the holders of Senior Indebtedness shall be entitled to receive, for application to the payment thereof, any Securities Payment. 

In the event that, notwithstanding the foregoing provisions of this Section, the Trustee or the Holder of any Security shall have received any
Securities Payment, before all Senior Indebtedness is paid in full or payment thereof provided for in cash or cash equivalents or otherwise in a manner satisfactory to holders of Senior Indebtedness, and if such fact shall, at or prior to the time
of such Securities Payment, have been made known to the Trustee or, as the case may be, such Holder, then and in such event such Securities Payment shall be paid over or delivered forthwith to the trustee in bankruptcy, receiver, liquidating
trustee, custodian, assignee, agent or other Person making payment or distribution of assets of the Company for application to the payment of all Senior Indebtedness remaining unpaid, to the extent necessary to pay all Senior Indebtedness in full,
after giving effect to any concurrent payment or distribution to or for the holders of Senior Indebtedness. Any taxes that have been withheld or deducted from any Securities Payment, or any taxes that ought to have been withheld or deducted from any
such Securities Payment that have been remitted to the relevant taxing authority, shall not be considered to be an amount that the Trustee or the Holder of any Security receives for purposes of this Section. 

For purposes of this Article only, the words “cash, property or securities” shall not be deemed to include shares of stock of the
Company as reorganized or readjusted, or securities of the Company or any other corporation provided for by a plan of reorganization or readjustment which are subordinated in right of payment to all Senior Indebtedness which may at the time be
outstanding to substantially the same extent as, or to a greater extent than, the Securities are so subordinated as provided in this Article. The consolidation of the Company with, or the merger of the Company into, another Person or the liquidation
or dissolution of the Company following the conveyance or transfer of its properties and assets substantially as an entirety to another Person upon the terms and conditions set forth in Article 8 shall not be deemed a dissolution, winding up,
liquidation, reorganization, assignment for the benefit of creditors or marshalling of assets and liabilities of the Company for the purposes of this Section if the Person formed by such consolidation or into which the Company is merged or which
acquires by conveyance or transfer such properties and assets substantially as an entirety, as the case may be, shall, as a part of such consolidation, merger, conveyance or transfer, comply with the conditions set forth in Article 8. 

 

	Section 16.3.	No Payment when Senior Indebtedness in Default. 

 Anything in this Indenture to the
contrary notwithstanding, no Securities Payment shall be made by or on behalf of the Company (i) unless full payment of amounts then due for principal and interest and of all other obligations then due on all Senior Indebtedness has been made
or duly provided for pursuant to the terms of the instrument governing such Senior Indebtedness, (ii) if, at the time of such payment, redemption, purchase or other acquisition, or immediately after giving effect thereto, there shall exist
under any Senior Indebtedness, or any agreement pursuant to which any Senior Indebtedness is issued, any default, which default shall not have been cured or waived and which default shall have resulted in the full amount of such Senior Indebtedness
being declared due and payable or (iii) if, at the time of such payment, redemption, purchase or other acquisition, the Trustee shall have received written notice from the holder or holders of any Senior Indebtedness or their representative or
representatives (a “Payment Blockage Notice”) that there exists under such Senior Indebtedness, or any agreement pursuant to which such Senior Indebtedness is issued, any default, which default shall not have been cured or waived,
permitting the holders thereof to declare the full amount of such Senior Indebtedness due and payable, but only for the period (the “Payment Blockage Period”) commencing on the date of receipt of the Payment Blockage Notice and ending
(unless earlier terminated by notice given to the Trustee by the Holders of such Senior Indebtedness) on the earlier of (A) the date on which such event of default shall have been cured or waived or shall have ceased to exist or the Senior
Indebtedness to which such default relates shall have been discharged or (B) 180 days from the receipt of the Payment Blockage Notice; provided, however, that nothing in this Section shall prevent the satisfaction of any sinking fund payment in
accordance with Article 12 hereof by delivery and crediting pursuant to Section 12.2 Securities which have been acquired (upon redemption or otherwise) prior to the acceleration of any such default listed in (i) or (ii) directly above
or prior to receipt of any Payment Blockage Notice. Upon termination of a Payment Blockage Period, payments on account of principal of, premium, if any, or interest on the Securities, and redemptions, purchases or other acquisitions may be made by
or on behalf of the Company. Notwithstanding anything herein to the contrary, (A) only one Payment Blockage Notice may be given during any period of 360 consecutive days with respect to the same event of default and any other events of default
on the same issue of Senior Indebtedness existing and known to the person giving such notice at the time of such notice and (B) no new Payment Blockage Period may be commenced by the holder or holders of the same issue of Senior Indebtedness or
their representative or representatives during any period of 360 consecutive days unless all events of default which were the object of the immediately preceding Payment Blockage Notice, and any other event of default on the same issue of Senior
Indebtedness existing and known to the person giving such notice at the time of such notice, have been cured or waived for a period of at least 90 consecutive days. 

In the event that, notwithstanding the provisions of this Section 16.3, payments are made by or on behalf of the Company in contravention
of the provisions of this Section 16.3, such payments shall be held by the Trustee, any Paying Agent or the Holders, as applicable, in trust for the benefit of, and shall be paid over to and delivered to, the holders of Senior Indebtedness or
their 

  
 44 

 
representative or the trustee under the indenture or other agreement (if any), pursuant to which any instruments evidencing any Senior Indebtedness may have been issued, as their respective
interests may appear, for application to the payment of all Senior Indebtedness remaining unpaid to the extent necessary to pay all Senior Indebtedness in full in accordance with the terms of such Senior Indebtedness, after giving effect to any
concurrent payment or distribution to or for the holders of Senior Indebtedness. 
 The provisions of this Section shall not apply to any
payment with respect to which Section 16.2 would be applicable. 
  

	Section 16.4.	Reliance by Senior Indebtedness on Subordination Provisions. 

 Each Holder of any
Security by his acceptance thereof acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration for each holder of any Senior Indebtedness, whether such Senior Indebtedness was
created or acquired before or after the issuance of the Securities, to acquire and continue to hold, or to continue to hold, such Senior Indebtedness, and such holder of Senior Indebtedness shall be deemed conclusively to have relied on such
subordination provisions in acquiring and continuing to hold or in continuing to hold such Senior Indebtedness. 
  

	Section 16.5.	Payment Permitted If No Default. 

 Nothing contained in this Article or elsewhere in this
Indenture or in any of the Securities shall prevent (a) the Company, at any time except during the pendency of any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshalling of
assets and liabilities of the Company referred to in Section 16.2 or under the conditions described in Section 16.3, from making Securities Payments, or (b) the application by the Trustee of any money deposited with it hereunder to
Securities Payments or the retention of such Securities Payments by the Holders, if, at the time of such application by the Trustee, it did not have knowledge that such Securities Payments would have been prohibited by the provisions of this
Article. 
  

	Section 16.6.	Subrogation to Rights of Holders of Senior Indebtedness. 

 Subject to the payment in full
of all Senior Indebtedness or the provision for such payment in cash or cash equivalents or otherwise in a manner satisfactory to the holders of Senior Indebtedness, the Holders of the Securities shall be subrogated to the extent of the payments or
distributions made to the holders of such Senior Indebtedness pursuant to the provisions of this Article (equally and ratably with the holders of all indebtedness of the Company which by its express terms is subordinated to indebtedness of the
Company to substantially the same extent as the Securities are subordinated and is entitled to like rights of subrogation) to the rights of the holders of such Senior Indebtedness to receive payments and distributions of cash, property and
securities applicable to the Senior Indebtedness until the principal of (and premium, if any) and interest on the Securities shall be paid in full. For purposes of such subrogation, no payments or distributions to the holders of the Senior
Indebtedness of any cash, property or securities to which the Holders of the Securities or the Trustee would be entitled except for the provisions of this Article, and no payments over pursuant to the provisions of this Article to the holders of
Senior Indebtedness by Holders of the Securities or the Trustee, shall, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Securities, be deemed to be a payment or distribution by the Company to or
on account of the Senior Indebtedness. 
  

	Section 16.7.	Provisions Solely to Define Relative Rights. 

 The provisions of this Article are and are
intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the
Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the Securities, the obligation of the Company, which is absolute and unconditional (and which,
subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Securities the principal of (and premium, if any) and
interest on the Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Securities and creditors of the Company other than the
holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of
the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder. 
  

	Section 16.8.	Trustee to Effectuate Subordination. 

 Each holder of a Security by his acceptance
thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article and appoints the Trustee his attorney-in-fact for any and all such purposes.

  

	Section 16.9.	No Waiver of Subordination Provisions. 

 No right of any present or future holder of any
Senior Indebtedness to enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by
any non-compliance by the Company with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof any such holder may have or be otherwise charged with. 

  
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 Without in any way limiting the generality of the foregoing paragraph, the holders of Senior
Indebtedness may, at any time and from time to time, without the consent of or notice to the Trustee or the Holders of the Securities, without incurring responsibility to the Holders of the Securities and without impairing or releasing the
subordination provided in this Article or the obligations hereunder of the Holders of the Securities to the holders of Senior Indebtedness, do any one or more of the following: (i) change the manner, place or terms of payment or extend the time
of payment of, or renew or alter, Senior Indebtedness, or otherwise amend or supplement in any manner Senior Indebtedness or any instrument evidencing the same or any agreement under which Senior Indebtedness is outstanding; (ii) sell,
exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Indebtedness; (iii) release any Person liable in any manner for the collection of Senior Indebtedness; and (iv) exercise or refrain from
exercising any rights against the Company and any other Person. 
  

	Section 16.10.	Notice to Trustee. 

 The Company shall give prompt written notice to the Trustee of any
fact known to the Company which would prohibit the making of any payment to or by the Trustee in respect of the Securities. Notwithstanding the provisions of this Article or any other provision of this Indenture, the Trustee shall not be charged
with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee in respect of the Securities, unless and until the Trustee shall have received written notice thereof from the Company or a holder of
Senior Indebtedness or from any trustee therefor; and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Section 6.1, shall be entitled in all respects to assume that no such facts exist. 

Subject to the provisions of Section 6.1, the Trustee shall be entitled to rely on the delivery to it of a written notice by a Person
representing himself to be a holder of Senior Indebtedness (or a trustee therefor) to establish that such notice has been given by a holder of Senior Indebtedness (or a trustee therefor). In the event that the Trustee determines in good faith that
further evidence is required with respect to the right of any Person as a holder of Senior Indebtedness to participate in any payment or distribution pursuant to this Article, the Trustee may request such Person to furnish evidence to the reasonable
satisfaction of the Trustee as to the amount of Senior Indebtedness held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person under this
Article, and if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment. 

 

	Section 16.11.	Reliance on Judicial Order or Certificate of Liquidating Agent. 

 Upon any payment or
distribution of assets of the Company referred to in this Article, the Trustee, subject to the provisions of Section 6.1, and the Holders of the Securities shall be entitled to rely upon any order or decree entered by any court of competent
jurisdiction in which such insolvency, bankruptcy, receivership, liquidation, reorganization, dissolution, winding up or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, receiver, liquidating trustee, custodian,
assignee for the benefit of creditors, agent or other Person making such payment or distribution, delivered to the Trustee or to the Holders of Securities, for the purpose of ascertaining the Persons entitled to participate in such payment or
distribution, the holders of the Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article. 

 

	Section 16.12.	Trustee Not Fiduciary for Holders of Senior Indebtedness. 

 The Trustee shall not be
deemed to owe any fiduciary duty to the holders of Senior Indebtedness and shall not be liable to any such holders if it shall in good faith mistakenly pay over or distribute to Holders of Securities or to the Company or to any other Person cash,
property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article or otherwise. 
  

	Section 16.13.	Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee’s Rights. 

The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any Senior Indebtedness
which may at any time be held by it, to the same extent as any other holder of Senior Indebtedness, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. 

Nothing in this Article shall apply to claims of, or payments to, the Trustee under or pursuant to Section 6.7. 

 

	Section 16.14.	Article Applicable to Paying Agents. 

 In case at any time any Paying Agent other than
the Trustee shall have been appointed by the Company and be then acting hereunder, the term “Trustee” as used in this Article shall in such case (unless the context otherwise requires) be construed as extending to and including such Paying
Agent within its meaning as fully for all intents and purposes as if such Paying Agent were named in this Article in addition to or in place of the Trustee; provided, however, that Section 16.13 shall not apply to the Company or
any Affiliate of the Company if it or such Affiliate acts as Paying Agent. 
  

	Section 16.15.	Defeasance of this Article 16. 

 The subordination of the Securities provided by this
Article 16 is expressly made subject to the provisions for defeasance in Section 4.2(2) hereof or covenant defeasance in Section 4.2(3) hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such
defeasance or covenant defeasance, the Securities then outstanding shall thereupon cease to be subordinated pursuant to this Article 16.] 

[Intentionally left blank] 

  
 46 

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

			
	  
 Attest:
	 	 SEASPAN CORPORATION
  

By:                         
                                         
                              

      Name:

      Title:

		
		 	 [TRUSTEE],
 as Trustee

 

By:                         
                                         
                              

      Name:

      Title:

 EXHIBIT A 

[If the Holder of this Security is a depository, such as The Depository Trust Company (“DTC”) or a nominee of DTC, this Security is
a Global Security and insert the following two legends: 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY (AS DEFINED IN THE INDENTURE) OR A NOMINEE THEREOF. THIS GLOBAL SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE ONLY IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE
DEPOSITORY, OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY, OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY. 

UNLESS THE SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF [THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),]
TO THE COMPANY (AS DEFINED BELOW) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF [CEDE & CO. OR IN] SUCH [OTHER] NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF [THE
DEPOSITORY] [DTC] (AND ANY PAYMENT IS MADE TO [CEDE & CO. OR TO] SUCH [OTHER] ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF [THE DEPOSITORY] [DTC]), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF[, CEDE & CO.,] HAS AN INTEREST HEREIN.] 
 [Insert any applicable
legend(s) required by the Internal Revenue Code] 
  

					
	 NO.
	  	$	                        	 

 SEASPAN CORPORATION 

[Designation of Series] 
 SEASPAN
CORPORATION, a Marshall Islands corporation (hereinafter called the “Company”, which term includes any successor corporation under the Indenture referred to below), 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
            , [If the Security is to bear interest at a fixed rate, insert — at the rate of     % per annum] [If the Security is to bear interest at an
adjustable rate, insert — at a rate per annum computed or determined in accordance with the provisions below], 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 from the dates such amounts are due until they are paid or
made available for payment and such interest shall be payable on demand]. [If applicable, insert — Interest on this Security shall be computed on the basis of a 360-day year of twelve 30-day months. If any Interest Payment Date or the
maturity date falls on a day that is not a Business Day, the required payment shall be made on the next Business Day as if it were made on the date such payment was due and no interest shall accrue on the amount so payable for the period from and
after such Interest Payment Date or the maturity date, as the case may be, to such next Business Day.] 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             
or              (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest which is payable but not punctually paid or duly provided
for on any Interest Payment Date shall forthwith cease to be payable to the registered Holder hereof on the relevant regular record date by virtue or having been such holder, and may 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 subsequent special record date (which shall be at least 10 days before the payment date) for the payment of such defaulted interest to be fixed by the Company, notice whereof shall
be given to the Holders of Securities of this series not less than 10 days prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the
Securities may be listed, and upon such notice as may be required by such exchange, all as more fully provided in such 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 or redemption or at the 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 

  
 A-1 

 
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 the principal of 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 The Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts [If
applicable, insert — ; provided, however, that, at the option of the Company, interest may be paid by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register;] [If
applicable, insert — provided, further, that payment to [DTC or] any [successor] depository may be made by wire transfer to the account designated by [DTC or] such [successor] depository in writing]. 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture, dated as of             , 20         (herein called, together with all indentures supplemental
thereto, the “Indenture”), between the Company and             , 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 [, initially limited (subject to exceptions provided in the Indenture) to the aggregate
principal amount of $             ]. 
 [If applicable, insert — The
indebtedness evidenced by the Securities is, to the extent provided in the Indenture, subordinate and subject in right of payment to the prior payment in full of all indebtedness and obligations of the Company as are defined in the Indenture as
“Senior Indebtedness,” and this Security is issued subject to the provisions of the Indenture with respect thereto, and each Holder of this Security, by accepting the same, agrees to and shall be bound by such provisions. Each Holder of
this Security, by accepting the same, agrees that each holder of Senior Indebtedness, whether created or acquired before or after the issuance of this Security, shall be deemed conclusively to have relied on such subordination provisions in
acquiring and continuing to hold, or in continuing to hold, such Senior Indebtedness.] 
 [If the Security is not an Original Issue
Discount Security, insert — If an Event of Default with respect to the Securities shall occur and be continuing, the principal of the Securities 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, premium and 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 premium and interest, if any, on the Securities of this series shall terminate.] 

[If applicable, insert — The Securities may not be redeemed prior to the Stated Maturity.] 

[If applicable, insert — The Securities are not subject to any sinking fund.] 

[If applicable, insert — The Securities are subject to redemption [(l) [If applicable, insert — on in any year 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)] [If applicable, insert — at any time [on or after             ], 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 years indicated at the Redemption Prices indicated below: 
  

					
	 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; provided, however, that installments of interest on
this Security whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holder of this Security, 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 are subject to redemption
(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 

  
 A-2 

 
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 below: 

 

									
	 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 of any such redemption (whether through operation of the sinking fund or otherwise) with accrued interest to the Redemption Date; provided, however, that installments of interest on this Security whose Stated
Maturity is on or prior to such Redemption Date will be payable to the Holder of this Security, 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 — Notwithstanding the foregoing, the Company may not, prior to
            , redeem any Securities 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.] 

[If applicable, insert — The sinking fund for the Securities 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 the Securities of this series. [The Securities 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 [describe order].]] 
 [If
applicable, insert — Notice of redemption will be given by mail to Holders of Securities, not less than 30 nor more than 60 days prior to the Redemption Date, all as provided in the Indenture.] 

[If applicable, insert — In the event of redemption of this Security in part only, a new Security or Securities for the unredeemed
portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof.] 
 The Indenture contains provisions
permitting, 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 issued under the Indenture at any time by
the Company and the Trustee with the written consent of the Holders of not less than a majority in aggregate principal amount of the Securities at the time Outstanding of each series affected thereby. The Indenture also contains provisions
permitting the Holders of specified percentages in aggregate principal amount of the Securities of any series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain
provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this
Securities and of any Securities 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 Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and interest on this Security, at the times, place and rate, and in the coin or currency, herein and in the Indenture prescribed. 

As provided in the Indenture and subject to certain limitations set forth therein and in this Security, the transfer of this Security may be
registered on the Security Register upon surrender of this Security for registration of transfer at the office or agency of the Company maintained for that purpose in any place where the principal of 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 by 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 are issuable only in registered form in the denominations of $
             or any integral multiple thereof. As provided in the Indenture and subject to certain limitations set forth in the Indenture, and in this Security, the Securities are
exchangeable for a like aggregate principal amount of Securities of this series in different authorized denominations, as requested by the Holders surrendering the same.] 

  
 A-3 

 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 charge payable in connection therewith, other than in certain cases provided in the Indenture. 

Prior to due presentment 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. 

[If applicable, insert — The Indenture contains provisions whereby (i) the Company may be discharged from its obligations
with respect to the Securities (subject to certain exceptions) or (ii) the Company may be released from its obligations under specified covenants and agreements in the Indenture, in each case if the Company irrevocably deposits with the Trustee
money or Government Obligations, or a combination thereof, in an amount sufficient, without consideration of any reinvestment, to pay and discharge the entire indebtedness on all Securities of this series, and satisfies certain other conditions, all
as more fully provided in the Indenture.] 
 This Security shall be governed by and construed in accordance with the laws of the State of
New York applicable to agreements made or instruments entered into and, in each case, performed in said State. 
 All terms used in this
Security without definition that are defined in the Indenture shall have the meanings assigned to them in the Indenture. 
 [Remainder of
Page Intentionally Left Blank] 

  
 A-4 

 Unless the Certificate of Authentication hereon has been executed by or on behalf of the Trustee
under the Indenture by the manual signature of one of its authorized officers, this Security shall not be entitled to any benefits under the Indenture or be valid or obligatory for any purpose. 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
		 	 SEASPAN CORPORATION
  

By:                         
                                         
                              

      Name:

      Title:

		
	Attest:	 	
By:                         
                                         
                              

      Name:

      Title:

 CERTIFICATE OF AUTHENTICATION 

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

 

			
	  
 Dated:
	 	
                          
                                         
                                   ,

as Trustee
  

By:                         
                                         
                              

      Name:

      Title: Authorized Officer

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