Document:

EX-4.1

 Exhibit 4.1 

VERISK ANALYTICS, INC. 

as the Company and 

WELLS FARGO BANK, NATIONAL ASSOCIATION 

as Trustee 
 Senior
Notes Indenture Dated as of March 6, 2019 

 TABLE OF CONTENTS 

 
  

PAGE 
  

					
	 ARTICLE 1

DEFINITIONS AND INCORPORATION BY REFERENCE
	  

 

	 Section 1.01. Definitions
	  	 	1	 
	 Section 1.02. Other Definitions
	  	 	6	 
	 Section 1.03. Incorporation by Reference of Trust Indenture Act
	  	 	6	 
	 Section 1.04. Rules of Construction
	  	 	7	 
	 ARTICLE 2

THE SECURITIES
	  

 

	 Section 2.01. Form and Dating
	  	 	7	 
	 Section 2.02. Execution and Authentication
	  	 	7	 
	 Section 2.03. Amount Unlimited; Issuable in Series
	  	 	9	 
	 Section 2.04. Denomination and Date of Securities; Payments of Interest
	  	 	12	 
	 Section 2.05. Registrar and Paying Agent; Agents Generally
	  	 	13	 
	 Section 2.06. Paying Agent to Hold Money in Trust
	  	 	13	 
	 Section 2.07. Transfer and Exchange
	  	 	14	 
	 Section 2.08. Replacement Securities
	  	 	17	 
	 Section 2.09. Outstanding Securities
	  	 	18	 
	 Section 2.10. Temporary Securities
	  	 	19	 
	 Section 2.11. Cancellation
	  	 	19	 
	 Section 2.12. CUSIP Numbers
	  	 	19	 
	 Section 2.13. Defaulted Interest
	  	 	20	 
	 Section 2.14. Series May Include Tranches
	  	 	20	 
	 ARTICLE 3

REDEMPTION
	  

 

	 Section 3.01. Applicability of Article
	  	 	20	 
	 Section 3.02. Notice of Redemption; Partial Redemptions
	  	 	20	 
	 Section 3.03. Payment of Securities Called for Redemption
	  	 	22	 
	 Section 3.04. Exclusion of Certain Securities From Eligibility for
Redemption
	  	 	23	 
	 Section 3.05. Mandatory and Optional Sinking Funds
	  	 	23	 
	 ARTICLE 4

COVENANTS
	  

 

	 Section 4.01. Payment of Securities
	  	 	25	 
	 Section 4.02. Maintenance of Office or Agency
	  	 	26	 
	 Section 4.03. Securityholders’ Lists
	  	 	27	 
	 Section 4.04. Certificate to Trustee
	  	 	27	 
	 Section 4.05. Reports by the Company
	  	 	28	 

  
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	 Section 4.06. Additional Amounts
	  	 	28	 
	 Section 4.07. Calculation of Original Issue Discount
	  	 	28	 
	 ARTICLE 5

SUCCESSOR CORPORATION
	  

 

	 Section 5.01. When Company May Merge, Etc
	  	 	29	 
	 Section 5.02. Successor Substituted
	  	 	29	 
	 ARTICLE 6

DEFAULT AND REMEDIES
	  

 

	 Section 6.01. Events of Default
	  	 	29	 
	 Section 6.02. Acceleration
	  	 	30	 
	 Section 6.03. Other Remedies
	  	 	32	 
	 Section 6.04. Waiver of Past Defaults
	  	 	32	 
	 Section 6.05. Control by Majority
	  	 	32	 
	 Section 6.06. Limitation on Suits
	  	 	33	 
	 Section 6.07. Rights of Holders to Receive Payment
	  	 	33	 
	 Section 6.08. Collection Suit by Trustee
	  	 	33	 
	 Section 6.09. Trustee May File Proofs of Claim
	  	 	34	 
	 Section 6.10. Application of Proceeds
	  	 	34	 
	 Section 6.11. Restoration of Rights and Remedies
	  	 	35	 
	 Section 6.12. Undertaking for Costs
	  	 	35	 
	 Section 6.13. Rights and Remedies Cumulative
	  	 	35	 
	 Section 6.14. Delay or Omission not Waiver
	  	 	35	 
	 ARTICLE 7

TRUSTEE
	  

 

	 Section 7.01. General
	  	 	36	 
	 Section 7.02. Certain Rights of Trustee
	  	 	36	 
	 Section 7.03. Individual Rights of Trustee
	  	 	38	 
	 Section 7.04. Trustee’s Disclaimer
	  	 	38	 
	 Section 7.05. Notice of Default
	  	 	38	 
	 Section 7.06. Reports by Trustee to Holders
	  	 	39	 
	 Section 7.07. Compensation and Indemnity
	  	 	39	 
	 Section 7.08. Replacement of Trustee
	  	 	40	 
	 Section 7.09. Acceptance of Appointment by Successor
	  	 	41	 
	 Section 7.10. Successor Trustee by Merger, Etc
	  	 	42	 
	 Section 7.11. Eligibility
	  	 	42	 
	 Section 7.12. Money Held in Trust
	  	 	42	 
	 ARTICLE 8

SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED
MONEYS
	  

 

	 Section 8.01. Satisfaction and Discharge of Indenture
	  	 	42	 
	 Section 8.02. Application by Trustee of Funds Deposited for Payment of
Securities
	  	 	43	 

  
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	 Section 8.03. Repayment of Moneys Held by Paying Agent
	  	 	43	 
	 Section 8.04. Return of Moneys Held by Trustee and Paying Agent Unclaimed for Two
Years
	  	 	44	 
	 Section 8.05. Defeasance and Discharge of Indenture
	  	 	44	 
	 Section 8.06. Defeasance of Certain Obligations
	  	 	45	 
	 Section 8.07. Reinstatement
	  	 	47	 
	 Section 8.08. Indemnity
	  	 	47	 
	 Section 8.09. Excess Funds
	  	 	47	 
	 Section 8.10. Qualifying Trustee
	  	 	47	 
	 Section 8.11. Tax Matters regarding Trustee
	  	 	47	 
	 ARTICLE 9

AMENDMENTS, SUPPLEMENTS AND WAIVERS
	  

 

	 Section 9.01. Without Consent of Holders
	  	 	48	 
	 Section 9.02. With Consent of Holders
	  	 	49	 
	 Section 9.03. Revocation and Effect of Consent
	  	 	50	 
	 Section 9.04. Notation on or Exchange of Securities
	  	 	51	 
	 Section 9.05. Trustee to Sign Amendments, Etc
	  	 	51	 
	 Section 9.06. Conformity with Trust Indenture Act
	  	 	51	 
	 ARTICLE 10

MISCELLANEOUS
	  

 

	 Section 10.01. Trust Indenture Act of 1939
	  	 	51	 
	 Section 10.02. Notices
	  	 	51	 
	 Section 10.03. Certificate and Opinion as to Conditions Precedent
	  	 	52	 
	 Section 10.04. Statements Required in Certificate or Opinion
	  	 	53	 
	 Section 10.05. Evidence of Ownership
	  	 	53	 
	 Section 10.06. Rules by Trustee, Paying Agent or Registrar
	  	 	54	 
	 Section 10.07. Payment Date Other Than a Business Day
	  	 	54	 
	 Section 10.08. Governing Law; Waiver of Jury Trial
	  	 	54	 
	 Section 10.09. No Adverse Interpretation of Other Agreements
	  	 	54	 
	 Section 10.10. Successors
	  	 	54	 
	 Section 10.11. Duplicate Originals
	  	 	54	 
	 Section 10.12. Separability
	  	 	55	 
	 Section 10.13. Table of Contents, Headings, Etc
	  	 	55	 
	 Section 10.14. Incorporators, Stockholders, Officers and Directors of Company Exempt
From Individual Liability
	  	 	55	 
	 Section 10.15. Judgment Currency
	  	 	55	 
	 Section 10.16. Force Majeure
	  	 	56	 
	 Section 10.17. U.S.A. Patriot Act
	  	 	56	 

  
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 SENIOR NOTES INDENTURE, dated as of March 6, 2019, between Verisk Analytics, Inc., a
Delaware corporation, as the Company (the “Company”) , and Wells Fargo Bank, National Association, a national banking association, as Trustee (the “Trustee”). 

RECITALS 
 WHEREAS, the
Company has duly authorized the issuance from time to time of its senior notes to be issued in one or more series (the “Securities”) up to such principal amount or amounts as may from time to time be authorized in accordance with
the terms of this Indenture; 
 WHEREAS, the Company has duly authorized, among other things, the authentication, execution, delivery and
administration of this Indenture and the Securities; and 
 WHEREAS, all things necessary to make this Indenture a valid indenture and
agreement according to its terms have been done; 
 NOW, THEREFORE: 

In consideration of the premises and the purchases of the Securities by the holders thereof, the Company and the Trustee mutually covenant and
agree for the equal and proportionate benefit of the respective holders from time to time of the Securities or of any and all series thereof and of the coupons, if any, appertaining thereto as follows: 

ARTICLE 1 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01.    Definitions. 

“Affiliate” of any Person means any other Person directly or indirectly controlling or controlled by or under direct or
indirect common control with such Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling”, “controlled by” and “under common control with”) when
used with respect to any Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise.

 “Agent” means any Registrar, Paying Agent, transfer agent or Authenticating Agent. 

“Bank Credit Agreement” means the Second Amended and Restated Credit Agreement dated April 22, 2015, as amended by the
Second Amendment thereto dated May 26, 2016, among Verisk Analytics, Inc., as borrower, and the lenders and agents party thereto, as such agreement has been and may be amended, restated, supplemented or otherwise modified from time to time
(including, but not limited to, the inclusion of additional parties thereunder, including parties that are Subsidiaries of the Company and 

 
whose obligations are guaranteed by the Company thereunder), including all or any portion of the indebtedness under such Credit Agreement or any successor agreements and includes any agreement
with one or more banks or other lending institutions which may be entered into by the Company refinancing all or any portion of the indebtedness under such Credit Agreement or any successor agreements. 

“Board of Directors” means: 

(a)    with respect to a corporation, the board of directors of the corporation or any committee thereof duly authorized
to act on behalf of such board; 
 (b)    with respect to a partnership, the board of directors of the general partner
of the partnership; 
 (c)    with respect to a limited liability company, the managing member or members or any
controlling committee of managers or members thereof or any board or committee serving a similar management function; and 

(d)    with respect to any other Person, the individual or board or committee of such Person serving a management function
similar to those described in clauses (a), (b) or (c) of this definition. 
 “Board Resolution” means one or more
resolutions of the Board of Directors of the Company or any authorized committee thereof, certified by the secretary or an assistant secretary to have been duly adopted and to be in full force and effect on the date of certification, and delivered
to the Trustee. 
 “Business Day” means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day
on which banking institutions are authorized or required by law or regulation to close in The City of New York, with respect to any Security the interest on which is based on the offered quotations in the interbank Eurodollar market for dollar
deposits in London, or with respect to Securities denominated in a specified currency other than United States dollars, in the principal financial center of the country of the specified currency. 

“Capital Lease” means, with respect to any Person, any lease of any property which, in conformity with GAAP, is required to
be capitalized on the balance sheet of such Person. 
 “Commission” means the Securities and Exchange Commission, as from
time to time constituted, created under the Exchange Act or, if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing
such duties at such time. 
 “Company” means the party named as such in the first paragraph of this Indenture until a
successor replaces it pursuant to Article 5 of this Indenture and thereafter means the successor. 

  
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 “Corporate Trust Office” means the office of the Trustee at which the
corporate trust business of the Trustee shall, at any particular time, be administered, which office is, at the date of this Indenture, located at 150 East 42nd Street, 40th Floor, New York, New York 10017, Attention: Corporate Trust Services. 

“Default” means any event that is, or after notice or passage of time or both would be, an Event of Default. 

“Depositary” means, with respect to the Securities of any series issuable or issued in the form of one or more Registered
Global Securities, the Person designated as Depositary by the Company pursuant to Section 2.03 until a successor Depositary shall have become such pursuant to the applicable provisions of this Indenture, and thereafter
“Depositary” shall mean or include each Person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Securities of any such series shall
mean the Depositary with respect to the Registered Global Securities of that series. 
 “Exchange Act” means the Securities
Exchange Act of 1934, as amended. 
 “GAAP” means with respect to any computations required or permitted hereunder,
generally accepted accounting principles in effect in the United Sates as in effect from time to time; provided, however if the Company is required by the SEC to adopt (or is permitted to adopt and so adopts) a different accounting
framework, including but not limited to the International Financial Reporting Standards, “GAAP” shall mean such new accounting framework as in effect from time to time, including, without limitation, in each case, those accounting
principles set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other
statements by such other entity as approved by a significant segment of the accounting profession. 
 “Holder” or
“Securityholder” means the registered holder of any Security with respect to Registered Securities and the bearer of any Unregistered Security or any coupon appertaining thereto, as the case may be. 

“indebtedness” means, with respect to any Person, obligations (other than Nonrecourse Obligations) of such Person for
borrowed money or evidenced by bonds, debentures, notes or similar instruments. 
 “Indenture” means this Indenture as
originally executed and delivered or as it may be amended or supplemented from time to time by one or more indentures supplemental to this Indenture entered into pursuant to the applicable provisions of this Indenture and shall include the forms and
terms of the Securities of each series established as contemplated pursuant to Sections 2.01 and 2.03. 
 “Nonrecourse
Obligation” means indebtedness or other obligations substantially related to (a) the acquisition of assets not previously owned by the Company or any of its subsidiaries or (b) the financing of a project involving the development
or expansion of 

  
 3 

 
its properties or those of any of our subsidiaries, as to which the obligee with respect to such indebtedness or obligation has no recourse to the Company or any of its subsidiaries, or any of
our assets or those of any of our subsidiaries other than the assets that were acquired with the proceeds of such transaction or the project financed with the proceeds of such transaction (and the proceeds thereof). 

“Officer” means, with respect to the Company, the chairman of the Board of Directors, the president or chief executive
officer, any executive vice president, any senior vice president, any vice president, the chief financial officer, the treasurer or any assistant treasurer, or the secretary or any assistant secretary. 

“Officers’ Certificate” means a certificate signed in the name of the Company (i) by the chairman of
the Board of Directors, the president or chief executive officer, an executive vice president, a senior vice president or a vice president and (ii) by the chief financial officer, the treasurer or any assistant treasurer, or the secretary or
any assistant secretary, and delivered to the Trustee. Each such certificate shall comply with Section 314 of the Trust Indenture Act, if applicable, and include (except as otherwise expressly provided in this Indenture) the statements provided
in Section 10.04, if applicable. 
 “Opinion of Counsel” means a written opinion signed by legal counsel, who may be
an employee of or counsel to the Company, satisfactory to the Trustee. Each such opinion shall comply with Section 314 of the Trust Indenture Act, if applicable, and include the statements provided in Section 10.04, if and to the extent
required thereby. 
 “original issue date” of any Security (or portion thereof) means the earlier of (a) the date of
authentication of such Security or (b) the date of any Security (or portion thereof) for which such Security was issued (directly or indirectly) on registration of transfer, exchange or substitution. 

“Original Issue Discount Security” means any Security that provides for an amount less than the principal amount thereof to
be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 6.02. 
 “Periodic
Offering” means an offering of Securities of a series from time to time, the specific terms of which Securities, including, without limitation, the rate or rates of interest, if any, thereon, the stated maturity or maturities thereof and
the redemption provisions, if any, with respect thereto, are to be determined by the Company or its agents upon the issuance of such Securities. 

“Person” means an individual, a corporation, a partnership, a limited liability company, an association, a trust or any other
entity or organization, including a government or political subdivision or an agency or instrumentality thereof. 

“Principal” of a Security means the principal amount of, and, unless the context indicates otherwise, includes any premium
payable on, the Security. 

  
 4 

 “Registered Global Security” means a Security evidencing all or a part of a
series of Registered Securities, issued to the Depositary for such series in accordance with Section 2.02, and bearing the legend prescribed in Section 2.02. 

“Registered Security” means any Security registered on the Security Register (as defined in Section 2.05). 

“Responsible Officer” shall mean, when used with respect to the Trustee, any officer within the corporate trust department of
the Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the persons who at the
time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of
this Indenture. 
 “Securities” means any of the securities, as defined in the first paragraph of the recitals hereof, that
are authenticated and delivered under this Indenture and, unless the context indicates otherwise, shall include any coupon appertaining thereto. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Subsidiary” means, with respect to any Person, any corporation, association, partnership or other business entity of which
more than 50% of the total voting power of shares of 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 at the time owned or controlled, directly or indirectly, by (a) such Person, (b) such Person and one or more subsidiaries of such Person or (c) one or more subsidiaries of such Person. 

“Trustee” means the party named as such in the first paragraph of this Indenture until a successor replaces it in accordance
with the provisions of Article 7 and thereafter shall mean or include each Person who is then a Trustee hereunder, and if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any series
shall mean the Trustee with respect to Securities of that series. 
 “Trust Indenture Act” means the Trust Indenture Act of
1939, as amended (15 U.S. Code §§ 77aaa-77bbbb), as it may be amended from time to time. 
 “Unregistered
Security” means any Security other than a Registered Security. 
 “U.S. Government Obligations” means securities
that are (i) direct obligations of the United States of America for the payment of which its full faith and credit is pledged or (ii) obligations of an agency or instrumentality of the United States of America the payment of which is
unconditionally guaranteed as a full faith and credit obligation by the United States of America, and shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such U.S. Government Obligation or a
specific payment of interest on or principal of any such U.S. 

  
 5 

 
Government Obligation held by such custodian for the account of the holder of a depository receipt; provided that (except as required by law) such custodian is not authorized to make any
deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment of interest on or principal of the U.S. Government Obligation
evidenced by such depository receipt. 
 “Yield to Maturity” means, as the context may require, the yield to maturity
(i) on a series of Securities or (ii) if the Securities of a series are issuable from time to time, on a Security of such series, calculated at the time of issuance of such series in the case of clause (i) or at the time of issuance
of such Security of such series in the case of clause (ii), or, if applicable, at the most recent redetermination of interest on such series or on such Security, and calculated in accordance with the constant interest method or such other accepted
financial practice as is specified in the terms of such Security. 
 Section 1.02.    Other Definitions.
Each of the following terms is defined in the section set forth opposite such term: 
  

					
	 Term
	  	Section	 
	 Authenticating Agent
	  	 	2.02	 
	 Cash Transaction
	  	 	7.03	 
	 Dollars
	  	 	4.02	 
	 Event of Default
	  	 	6.01	 
	 Judgment Currency
	  	 	10.15	(a) 
	 mandatory sinking fund payment
	  	 	3.05	 
	 optional sinking fund payment
	  	 	3.05	 
	 Paying Agent
	  	 	2.05	 
	 record date
	  	 	2.04	 
	 Registrar
	  	 	2.05	 
	 Required Currency
	  	 	10.15	(a) 
	 Security Register
	  	 	2.05	 
	 self-liquidating paper
	  	 	7.03	 
	 sinking fund payment date
	  	 	3.05	 
	 tranche
	  	 	2.14	 

 Section 1.03.    Incorporation by Reference of Trust Indenture Act. Whenever
this Indenture refers to a provision of the Trust Indenture Act, the provision is incorporated by reference in, and made a part of, this Indenture. The following terms used in this Indenture that are defined by the Trust Indenture Act have the
following meanings: 
 “indenture securities” means the Securities; 

“indenture security holder” means a Holder or a Securityholder; 

“indenture to be qualified” means this Indenture; 

“indenture trustee” or “institutional trustee” means the Trustee; and 

  
 6 

 “obligor” on the indenture securities means the Company or any other
obligor on the Securities. 
 All other terms used in this Indenture that are defined by the Trust Indenture Act, defined by reference in
the Trust Indenture Act to another statute or defined by a rule of the Commission and not otherwise defined herein have the meanings assigned to them therein. 

Section 1.04.    Rules of Construction. Unless the context otherwise requires: 

(a)    an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

(b)    words in the singular include the plural, and words in the plural include the singular; 

(c)    “herein,” “hereof” and other words of similar import refer to this Indenture as a whole and not
to any particular Article, Section or other subdivision; 
 (d)    all references to Sections or Articles refer to
Sections or Articles of this Indenture unless otherwise indicated; and 
 (e)    use of masculine, feminine or neuter
pronouns should not be deemed a limitation, and the use of any such pronouns should be construed to include, where appropriate, the other pronouns. 

ARTICLE 2 
 THE
SECURITIES 
 Section 2.01.    Form and Dating. The Securities of each series shall be
substantially in such form or forms (not inconsistent with this Indenture) as shall be established by or pursuant to one or more Board Resolutions or in one or more indentures supplemental hereto, in each case with such appropriate insertions,
omissions, substitutions and other variations as are required or permitted by this Indenture and may have imprinted or otherwise reproduced thereon such legend or legends or endorsements, not inconsistent with the provisions of this Indenture, as
may be required to comply with any law, or with any rules of any securities exchange or usage, all as may be determined by the officers executing such Securities as evidenced by their execution of the Securities. Unless otherwise so established,
Unregistered Securities shall have coupons attached. 
 Section 2.02.    Execution and Authentication.
(a) Two Officers shall execute the Securities and one Officer shall execute the coupons appertaining thereto for the Company by facsimile or manual signature in the name and on behalf of the Company. The seal of the Company, if any, shall be
reproduced on the Securities. If an Officer whose signature is on a Security or coupon appertaining thereto no longer holds that office at the time the Security is authenticated, the Security and such coupon shall nevertheless be valid. 

  
 7 

 (b)    The Trustee, at the expense of the Company, may appoint an
authenticating agent (the “Authenticating Agent”) to authenticate Securities. The Authenticating Agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee
includes authentication by such Authenticating Agent. 
 (c)    A Security and the coupons appertaining thereto shall
not be valid until the Trustee or Authenticating Agent manually signs the certificate of authentication on the Security or on the Security to which such coupon appertains by an authorized officer. The signature shall be conclusive evidence that the
Security or the Security to which the coupon appertains has been authenticated under this Indenture. 
 (d)    At any
time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series having attached thereto appropriate coupons, if any, executed by the Company to the Trustee for authentication together
with the applicable documents referred to below in this Section, and the Trustee shall thereupon authenticate and deliver such Securities to or upon the written order of the Company. In authenticating any Securities of a series, the Trustee shall
receive prior to the authentication of any Securities of such series, and (subject to Article 7) shall be fully protected in conclusively relying upon, unless and until such documents have been superseded or revoked: 

(i)    any Board Resolution and/or executed supplemental indenture referred to in Sections 2.01 and 2.03
by or pursuant to which the forms and terms of the Securities of that series were established; 

(ii)    an Officers’ Certificate setting forth the form or forms and terms of the Securities, stating
that the form or forms and terms of the Securities of such series have been, or, in the case of a Periodic Offering, will be when established in accordance with such procedures as shall be referred to therein, established in compliance with this
Indenture; and 
 (iii)    an Opinion of Counsel substantially to the effect that the form or forms and
terms of the Securities of such series have been, or, in the case of a Periodic Offering, will be when established in accordance with such procedures as shall be referred to therein, established in compliance with this Indenture and that the
supplemental indenture, to the extent applicable, and Securities have been duly authorized and, if executed and authenticated in accordance with the provisions of this Indenture and delivered to and duly paid for by the purchasers thereof on the
date of such opinion, would be entitled to the benefits of this Indenture and would be valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms, subject to bankruptcy, insolvency,
reorganization, receivership, moratorium and other similar laws affecting creditors’ rights generally, general principles of equity, and that all laws and requirements in respect of the execution and delivery by the Company of such Securities
have been complied with, and covering such other matters as shall be specified therein and as shall be reasonably requested by the Trustee. 

  
 8 

 (e)    The Trustee shall not be required to authenticate such Securities
if the issue of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 

(f)    Notwithstanding the provisions of Sections 2.01 and 2.02, if, in connection with a Periodic Offering, all
Securities of a series are not to be originally issued at one time, it shall not be necessary to deliver the Board Resolution otherwise required pursuant to Section 2.01 or the written order, Officers’ Certificate and Opinion of Counsel
otherwise required pursuant to Section 2.02 at or prior to the authentication of each Security of such series if such documents are delivered at or prior to the authentication upon original issuance of the first Security of such series to be
issued. 
 (g)    With respect to Securities of a series offered in a Periodic Offering, the Trustee may conclusively
rely, as to the authorization by the Company of any of such Securities, the forms and terms thereof and the legality, validity, binding effect and enforceability thereof, upon the Opinion of Counsel and the other documents delivered pursuant to
Sections 2.01 and 2.02, as applicable, in connection with the first authentication of Securities of such series. 

(h)    If the Company shall establish pursuant to Section 2.03 that the Securities of a series or a portion thereof
are to be issued in the form of one or more Registered Global Securities, then the Company shall execute and the Trustee shall authenticate and deliver one or more Registered Global Securities that (i) shall represent and shall be denominated
in an amount equal to the aggregate principal amount of all of the Securities of such series issued in such form and not yet cancelled, (ii) shall be registered in the name of the Depositary for such Registered Global Security or Securities or
the nominee of such Depositary, (iii) shall be delivered by the Trustee to such Depositary or its custodian or pursuant to such Depositary’s instructions and (iv) shall bear a legend substantially to the following effect: “Unless
and until it is exchanged in whole or in part for Securities in definitive registered form, this Security may not be transferred except as a whole by the Depositary to the nominee of the Depositary or by a nominee of the Depositary to the Depositary
or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary.” 

Section 2.03.    Amount Unlimited; Issuable in Series. (a) The aggregate principal amount of Securities
which may be authenticated and delivered under this Indenture is unlimited. 

  
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 (b)    The Securities may be issued in one or more series. There shall
be established in or pursuant to a Board Resolution or one or more indentures supplemental hereto, prior to the initial issuance of Securities of any series, subject to the last sentence of this Section 2.03, 

(i)    the designation of the Securities of the series, which shall distinguish the Securities of the
series from the Securities of all other series; 
 (ii)    any limit upon the aggregate principal amount
of the Securities of the series that may be authenticated and delivered under this Indenture and any limitation on the ability of the Company to increase such aggregate principal amount after the initial issuance of the Securities of that series
(except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, or upon redemption of, other Securities of the series pursuant hereto); 

(iii)    the date or dates on which the principal of the Securities of the series is payable (which date
or dates may be fixed or extendible); 
 (iv)    the rate or rates (which may be fixed or variable) per
annum at which the Securities of the series shall bear interest, if any, the date or dates from which such interest shall accrue, on which such interest shall be payable and (in the case of Registered Securities) on which a record shall be taken for
the determination of Holders to whom interest is payable and/or the method by which such rate or rates or date or dates shall be determined; 

(v)    if other than as provided in Section 4.02, the place or places where the principal of and any
interest on Securities of the series shall be payable, any Registered Securities of the series may be surrendered for exchange, notices, demands to or upon the Company in respect of the Securities of the series and this Indenture may be served and
notice to Holders may be published; 
 (vi)    the right, if any, of the Company to redeem Securities of
the series, in whole or in part, at its option and the period or periods within which, the price or prices at which and any terms and conditions upon which Securities of the series may be so redeemed, pursuant to any sinking fund or otherwise; 

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

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

  
 10 

 (ix)    if other than the principal amount thereof, the
portion of the principal amount of Securities of the series which shall be payable upon declaration of acceleration of the maturity thereof; 

(x)    if other than the coin or currency in which the Securities of the series are denominated, the coin
or currency in which payment of the principal of or interest on the Securities of the series shall be payable or if the amount of payments of principal of and/or interest on the Securities of the series may be determined with reference to an index
based on a coin or currency other than that in which the Securities of the series are denominated, the manner in which such amounts shall be determined; 

(xi)    if other than the currency of the United States of America, the currency or currencies, including
composite currencies, in which payment of the Principal of and interest on the Securities of the series shall be payable, and the manner in which any such currencies shall be valued against other currencies in which any other Securities shall be
payable; 
 (xii)    whether the Securities of the series or any portion thereof will be issuable as
Registered Securities (and if so, whether such Securities will be issuable as Registered Global Securities) or Unregistered Securities (with or without coupons) (and if so, whether such Securities will be issued in temporary or permanent global
form), or any combination of the foregoing, any restrictions applicable to the offer, sale or delivery of Unregistered Securities or the payment of interest thereon and, if other than as provided herein, the terms upon which Unregistered Securities
of any series may be exchanged for Registered Securities of such series and vice versa; 

(xiii)    whether the Securities of the series may be exchangeable for and/or convertible into the common
stock of the Company or any other security; 
 (xiv)    whether and under what circumstances the Company
will pay additional amounts on the Securities of the series held by a person who is not a U.S. person in respect of any tax, assessment or governmental charge withheld or deducted and, if so, whether the Company will have the option to redeem such
Securities rather than pay such additional amounts; 
 (xv)    if the Securities of the series are to be
issuable in definitive form (whether upon original issue or upon exchange of a temporary Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, the form and terms of such
certificates, documents or conditions; 
 (xvi)    any trustees, depositaries, authenticating or paying
agents, transfer agents or the registrar or any other agents with respect to the Securities of the series; 

  
 11 

 (xvii)    provisions, if any, for the defeasance of the
Securities of the series (including provisions permitting defeasance of less than all Securities of the series), which provisions may be in addition to, in substitution for, or in modification of (or any combination of the foregoing) the provisions
of Article 8; 
 (xviii)    if the Securities of the series are issuable in whole or in part as one or
more Registered Global Securities or Unregistered Securities in global form, the identity of the Depositary or common Depositary for such Registered Global Security or Securities or Unregistered Securities in global form; 

(xix)    any other Events of Default or covenants with respect to the Securities of the series; and 

(xx)    any other terms of the Securities of the series (which terms shall not be inconsistent with the
provisions of this Indenture). 
 (c)    All Securities of any one series and coupons, if any, appertaining thereto
shall be substantially identical, except in the case of Registered Securities as to date and denomination, except in the case of any Periodic Offering and except as may otherwise be provided by or pursuant to the Board Resolution referred to above
or as set forth in any such indenture supplemental hereto. All Securities of any one series need not be issued at the same time and may be issued from time to time, consistent with the terms of this Indenture, if so provided by or pursuant to such
Board Resolution or in any such indenture supplemental hereto and any forms and terms of Securities to be issued from time to time may be completed and established from time to time prior to the issuance thereof by procedures described in such Board
Resolution or supplemental indenture. 
 (d)    Unless otherwise expressly provided with respect to a series of
Securities, the aggregate principal amount of a series of Securities may be increased and additional Securities of such series may be issued up to the maximum aggregate principal amount authorized with respect to such series as increased. 

Section 2.04.    Denomination and Date of Securities; Payments of Interest. The Securities of each series
shall be issuable as Registered Securities or Unregistered Securities in denominations established as contemplated by Section 2.03 or, if not so established with respect to Securities of any series, in denominations of $2,000 and any integral
multiple of $1,000 in excess thereof. The Securities of each series shall be numbered, lettered or otherwise distinguished in such manner or in accordance with such plan as the Officers of the Company executing the same may determine, as evidenced
by their execution thereof. 
 Unless otherwise specified with respect to a series of Securities, each Security shall be dated the date of
its authentication. The Securities of each series shall bear interest, if any, from the date, and such interest and shall be payable on the dates, established as contemplated by Section 2.03. 

  
 12 

 The person in whose name any Registered Security of any series is registered at the close of
business on any record date applicable to a particular series with respect to any interest payment date for such series shall be entitled to receive the interest, if any, payable on such interest payment date notwithstanding any transfer or exchange
of such Registered Security subsequent to the record date and prior to such interest payment date, except if and to the extent the Company shall default in the payment of the interest due on such interest payment date for such series, in which case
the provisions of Section 2.13 shall apply. The term “record date” as used with respect to any interest payment date (except a date for payment of defaulted interest) for the Securities of any series shall mean the date specified as
such in the terms of the Registered Securities of such series established as contemplated by Section 2.03, or, if no such date is so established, the fifteenth day next preceding such interest payment date, whether or not such record date is a
Business Day. 
 Section 2.05.    Registrar and Paying Agent; Agents Generally. (a) The Company shall
maintain an office or agency where Securities may be presented for registration, registration of transfer or for exchange (the “Registrar”) and an office or agency where Securities may be presented for payment (the “Paying
Agent”), which shall be in the Borough of Manhattan, The City of New York. The Company shall cause the Registrar to keep a register of the Registered Securities and of their registration, transfer and exchange (the “Security
Register”). The Company may have one or more additional Paying Agents or transfer agents with respect to any series. 

(b)    The Company shall enter into an appropriate agency agreement with any Agent not a party to this Indenture. The
agreement shall implement the provisions of this Indenture and the Trust Indenture Act that relate to such Agent. The Company shall give prompt written notice to the Trustee of the name and address of any Agent and any change in the name or address
of an Agent. If the Company fails to maintain a Registrar or Paying Agent, the Trustee shall act as such. The Company may remove any Agent upon written notice to such Agent and the Trustee; provided that no such removal shall become effective
until (i) the acceptance of an appointment by a successor Agent to such Agent as evidenced by an appropriate agency agreement entered into by the Company and such successor Agent and delivered to the Trustee or (ii) notification to the
Trustee that the Trustee shall serve as such Agent until the appointment of a successor Agent in accordance with clause (b) of this proviso. The Company or any affiliate of the Company may act as Paying Agent or Registrar; provided that
neither the Company nor an affiliate of the Company shall act as Paying Agent in connection with the defeasance of the Securities or the discharge of this Indenture under Article 8. 

(c)    The Company initially appoints the Trustee as Registrar, Paying Agent and Authenticating Agent. If, at any time,
the Trustee is not the Registrar, the Registrar shall make available to the Trustee ten days prior to each interest payment date and at such other times as the Trustee may reasonably request the names and addresses of the Holders as they appear in
the Security Register. 
 Section 2.06.    Paying Agent to Hold Money in Trust. Not later than 10:00
a.m. New York City time on each due date or, in the case of Unregistered Securities, 10:00 a.m. New York City time on the Business Day prior to the due date, of any Principal or interest on any Securities, the Company shall deposit with the Paying
Agent money in 

  
 13 

 
immediately available funds sufficient to pay such Principal or interest. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold
in trust for the benefit of the Holders of such Securities or the Trustee all money held by the Paying Agent for the payment of Principal of and interest on such Securities and shall promptly notify the Trustee of any default by the Company in
making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any funds disbursed, and the Trustee may at any time during the continuance of any payment default, upon written
request to a Paying Agent, require such Paying Agent to pay all money held by it to the Trustee and to account for any funds disbursed. Upon doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the
Company or any affiliate of the Company acts as Paying Agent, it will, on or before each due date of any Principal of or interest on any Securities, segregate and hold in a separate trust fund for the benefit of the Holders thereof a sum of money
sufficient to pay such Principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee in writing of its action or failure to
act as required by this Section. 
 Section 2.07.    Transfer and Exchange. (a) Unregistered Securities
(except for any temporary global Unregistered Securities) and coupons (except for coupons attached to any temporary global Unregistered Securities) shall be transferable by delivery. 

(b)    At the option of the Holder thereof, Registered Securities of any series (other than a Registered Global Security,
except as set forth below) may be exchanged for a Registered Security or Registered Securities of such series and tenor having authorized denominations and an equal aggregate principal amount, upon surrender of such Registered Securities to be
exchanged at the agency of the Company that shall be maintained for such purpose in accordance with Section 2.05 and upon payment, if the Company shall so require, of the charges hereinafter provided. If the Securities of any series are issued
in both registered and unregistered form, except as otherwise established pursuant to Section 2.03, at the option of the Holder thereof, Unregistered Securities of any series may be exchanged for Registered Securities of such series and tenor
having authorized denominations and an equal aggregate principal amount, upon surrender of such Unregistered Securities to be exchanged at the agency of the Company that shall be maintained for such purpose in accordance with Section 4.02,
with, in the case of Unregistered Securities that have coupons attached, all unmatured coupons and all matured coupons in default thereto appertaining, and upon payment, if the Company shall so require, of the charges hereinafter provided. At the
option of the Holder thereof, if Unregistered Securities of any series, maturity date, interest rate and original issue date are issued in more than one authorized denomination, except as otherwise established pursuant to Section 2.03, such
Unregistered Securities may be exchanged for Unregistered Securities of such series and tenor having authorized denominations and an equal aggregate principal amount, upon surrender of such Unregistered Securities to be exchanged at the agency of
the Company that shall be maintained for such purpose in accordance with Section 4.02, with, in the case of Unregistered Securities that have coupons attached, all unmatured coupons and all matured coupons in default thereto appertaining, and
upon payment, if the Company shall so require, of the charges 

  
 14 

 
hereinafter provided. Registered Securities of any series may not be exchanged for Unregistered Securities of such series. Whenever any Securities are so surrendered for exchange, the Company
shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. 

(c)    Upon surrender for registration of transfer of any Registered Security of a series at the agency of the Company
that shall be maintained for that purpose in accordance with Section 2.05 and upon payment, if the Company shall so require, of the charges hereinafter provided, 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, of any authorized denominations and of like tenor and aggregate principal amount. 

(d)    All Registered Securities presented for registration of transfer, exchange, redemption or payment shall be duly
endorsed by, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Company and the Trustee duly executed by, the holder or his attorney duly authorized in writing. 

(e)    The Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be
imposed in connection with any exchange or registration of transfer of Securities. No service charge shall be made for any such transaction. 

(f)    Notwithstanding any other provision of this Section 2.07, unless and until it is exchanged in whole or in part
for Securities in definitive registered form, a Registered Global Security representing all or a portion of the Securities of a series may not be transferred except as a whole by the Depositary for such series to a nominee of such Depositary or by a
nominee of such Depositary to such Depositary or another nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary for such series or a nominee of such successor Depositary. 

(g)    If at any time the Depositary for any Registered Global Securities of any series notifies the Company that it is
unwilling or unable to continue as Depositary for such Registered Global Securities or if at any time the Depositary for such Registered Global Securities shall no longer be eligible under applicable law, the Company shall appoint a successor
Depositary eligible under applicable law with respect to such Registered Global Securities. If a successor Depositary eligible under applicable law for such Registered Global Securities is not appointed by the Company within 90 days after the
Company receives such notice or becomes aware of such ineligibility, the Company will execute, and the Trustee, upon receipt of the Company’s order for the authentication and delivery of definitive Registered Securities of such series and
tenor, will authenticate and deliver Registered Securities of such series and tenor, in any authorized denominations, in an aggregate principal amount equal to the principal amount of such Registered Global Securities, in exchange for such
Registered Global Securities. 

  
 15 

 (h)    The Company may at any time and in its sole discretion and
subject to the procedures of the Depositary determine that any Registered Global Securities of any series shall no longer be maintained in global form. In such event the Company will execute, and the Trustee, upon receipt of the Company’s order
for the authentication and delivery of definitive Registered Securities of such series and tenor, will authenticate and deliver, Registered Securities of such series and tenor in any authorized denominations, in an aggregate principal amount equal
to the principal amount of such Registered Global Securities, in exchange for such Registered Global Securities. 

(i)    Any time the Registered Securities of any series are not in the form of Registered Global Securities pursuant to
the preceding two paragraphs, the Company agrees to supply the Trustee with a reasonable supply of certificated Registered Securities without the legend required by Section 2.02 and the Trustee agrees to hold such Registered Securities in
safekeeping until authenticated and delivered pursuant to the terms of this Indenture. 
 (j)    If established by the
Company pursuant to Section 2.03 with respect to any Registered Global Security, the Depositary for such Registered Global Security may surrender such Registered Global Security in exchange in whole or in part for Registered Securities of the
same series and tenor in definitive registered form on such terms as are acceptable to the Company and such Depositary. Thereupon, the Company shall execute, and the Trustee shall authenticate and deliver, without service charge, 

(i)    to the Person specified by such Depositary new Registered Securities of the same series and tenor,
of any authorized denominations as requested by such Person, in an aggregate principal amount equal to and in exchange for such Person’s beneficial interest in the Registered Global Security; and 

(ii)    to such Depositary a new Registered Global Security in a denomination equal to the difference, if
any, between the principal amount of the surrendered Registered Global Security and the aggregate principal amount of Registered Securities authenticated and delivered pursuant to Section 2.07(j)(i) above. 

(k)    Registered Securities issued in exchange for a Registered Global Security pursuant to this Section 2.07 shall
be registered in such names and in such authorized denominations as the Depositary for such Registered Global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee or an agent of the
Company or the Trustee. The Trustee or such agent shall deliver such Securities to or as directed by the Persons in whose names such Securities are so registered. 

(l)    All Securities issued upon any transfer or exchange of Securities shall be valid obligations of the Company,
evidencing the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such transfer or exchange. 

  
 16 

 (m)    Neither the Trustee nor any Agent shall have any responsibility
or liability for any actions taken or not taken by the Depositary. 
 (n)    Notwithstanding anything herein or in the
forms or terms of any Securities to the contrary, none of the Company, the Trustee or any agent of the Company or the Trustee shall be required to exchange any Unregistered Security for a Registered Security if such exchange would result in adverse
federal income tax consequences to the Company (such as, for example, the inability of the Company to deduct from its income, as computed for federal income tax purposes, the interest payable on the Unregistered Securities) under then applicable
United States federal income tax laws. The Trustee and any such agent shall be entitled to conclusively rely on an Officers’ Certificate or an Opinion of Counsel in determining such result. 

(o)    The Registrar shall not be required (i) to issue, authenticate, register the transfer of or exchange
Securities of any series for a period of 15 days before the mailing of a notice of redemption of such Securities to be redeemed or (ii) to register the transfer of or exchange any Security so selected for redemption in whole or in part. 

Section 2.08.    Replacement Securities. (a) If any mutilated Security or a Security with a mutilated
coupon appertaining to it is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver, in exchange for such mutilated Security or in exchange for the Security to which a mutilated coupon appertains, a new
Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding, with coupons corresponding to the coupons, if any, appertaining to such mutilated Security or to the Security to which such
mutilated coupon appertains. 
 (b)    If there shall be delivered to the Company and the Trustee (i) evidence to
their satisfaction of the destruction, loss or theft of any Security or coupon and (ii) such security or indemnity as may be required by them to save each of them and any agent of any of them harmless, then, in the absence of notice to the
Company or the Trustee that such Security or coupon has been acquired by a bona fide purchaser, the Company shall execute and the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security or in exchange for the
Security to which a destroyed, lost or stolen coupon appertains (with all appurtenant coupons not destroyed, lost or stolen), a new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously
outstanding, with coupons corresponding to the coupons, if any, appertaining to such destroyed, lost or stolen Security or to the Security to which such destroyed, lost or stolen coupon appertains. 

(c)    In case any such mutilated, destroyed, lost or stolen Security or coupon 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 or coupon (without surrender thereof except in the case of a mutilated Security or coupon) if the applicant for such payment shall furnish to the
Company and the Trustee such security or indemnity as may be required by them to save each of them and any agent of any of them harmless, and in the case of destruction, loss or theft, evidence satisfactory to the Company and the Trustee

  
 17 

 
and any agent of them of the destruction, loss or theft of such Security and the ownership thereof; provided, however, that the Principal of and any interest on Unregistered
Securities shall, except as otherwise provided in Section 4.02, be payable only at an office or agency located outside the United States of America. 

(d)    Upon the issuance of any new Security under this Section, the Company may require 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. 

(e)    Every new Security of any series, with its coupons, if any, issued pursuant to this Section in lieu of any
destroyed, lost or stolen Security or in exchange for any mutilated Security, or in exchange for a Security to which a mutilated, destroyed, lost or stolen coupon appertains, shall constitute an original additional contractual obligation of the
Company, whether or not the mutilated, destroyed, lost or stolen Security and its coupons, if any, or the mutilated, destroyed, lost or stolen coupon shall be at any time enforceable by anyone, and any such new Security and coupons, if any, shall be
entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of that series and their coupons, if any, duly issued hereunder. 

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

Section 2.09.    Outstanding Securities. (a) Securities outstanding at any time are all Securities that
have been authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation, those paid pursuant to Section 2.08, those described in this Section 2.09 as not outstanding and those that have been defeased
pursuant to Section 8.05. 
 (b)    If a Security is replaced pursuant to Section 2.08, it ceases to be
outstanding unless and until the Trustee and the Company receive proof satisfactory to them that the replaced Security is held by a holder in due course. 

(c)    If the Paying Agent (other than the Company or an affiliate of the Company) holds on the maturity date or any
redemption date or date for repurchase of the Securities money sufficient to pay Securities payable or to be redeemed or repurchased on that date, then on and after that date such Securities cease to be outstanding and interest on them shall cease
to accrue. 
 (d)    A Security does not cease to be outstanding because the Company or one of its affiliates holds such
Security, provided, however, that, in determining whether the Holders of the requisite principal amount of the outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder,
Securities owned by the Company or any affiliate of the Company shall be disregarded and deemed not to be outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization,
direction, notice, consent or 

  
 18 

 
waiver, only Securities as to which a Responsible Officer of the Trustee has received written notice to be so owned shall be so disregarded. Any Securities so owned which are pledged by the
Company, or by any affiliate of the Company, as security for loans or other obligations, otherwise than to another such affiliate of the Company, shall be deemed to be outstanding, if the pledgee is entitled pursuant to the terms of its pledge
agreement and is free to exercise in its or his discretion the right to vote such securities, uncontrolled by the Company or by any such affiliate. 

Section 2.10.    Temporary Securities. Until definitive Securities of any series are ready for delivery, the
Company may prepare and the Trustee shall authenticate temporary Securities of such series. Temporary Securities of any series shall be substantially in the form of definitive Securities of such series but may have insertions, substitutions,
omissions and other variations determined to be appropriate by the Officers executing the temporary Securities, as evidenced by their execution of such temporary Securities. If temporary Securities of any series are issued, the Company will cause
definitive Securities of such series to be prepared without unreasonable delay. After the preparation of definitive Securities of any series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series and
tenor upon surrender of such temporary Securities at the office or agency of the Company designated for such purpose pursuant to Section 4.02, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities
of any series the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Securities of such series and tenor and authorized denominations. Until so exchanged, the temporary
Securities of any series shall be entitled to the same benefits under this Indenture as definitive Securities of such series. 

Section 2.11.    Cancellation. The Company at any time may deliver to the Trustee for cancellation any
Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee for cancellation any Securities previously authenticated hereunder which the Company has not
issued and sold. The Registrar, any transfer agent and the Paying Agent shall forward to the Trustee any Securities surrendered to them for transfer, exchange or payment. The Trustee shall cancel and dispose of in accordance with its customary
procedures all Securities surrendered for transfer, exchange, payment or cancellation and shall, upon written request of the Company, deliver a certificate of disposition to the Company. The Company may not issue new Securities to replace Securities
it has paid in full or delivered to the Trustee for cancellation. 
 Section 2.12.    CUSIP Numbers. The
Company in issuing the Securities may use “CUSIP” and “CINS” numbers (if then generally in use), and the Trustee shall use CUSIP numbers or CINS numbers, as the case may be, in notices of redemption or exchange as a convenience
to Holders and no representation shall be made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of redemption or exchange. The Company will promptly notify the Trustee in writing of any change
in the CUSIP or CINS numbers. 

  
 19 

 Section 2.13.    Defaulted Interest. If the Company defaults
in a payment of interest on the Registered Securities, it shall pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the
defaulted interest (as may be specified in the terms thereof, established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company
for the payment of defaulted interest, whether or not such day is a Business Day. At least 15 days before such special record date, the Company shall mail to each Holder of such Registered Securities and to the Trustee a notice that states the
special record date, the payment date and the amount of defaulted interest to be paid. 

Section 2.14.    Series May Include Tranches. A series of Securities may include one or more tranches (each a
“tranche”) of Securities, including Securities issued in a Periodic Offering. The Securities of different tranches may have one or more different terms, including authentication dates and public offering prices, but all the
Securities within each such tranche shall have identical terms, including authentication date and public offering price. Notwithstanding any other provision of this Indenture, with respect to Sections 2.02 (other than the fourth, sixth and seventh
paragraphs thereof) through 2.04, 2.07, 2.08, 2.10, 3.01 through 3.05, 4.02, 6.01 through 6.14, 8.01 through 8.07, 9.02 and 10.07, if any series of Securities includes more than one tranche, all provisions of such sections applicable to any series
of Securities shall be deemed equally applicable to each tranche of any series of Securities in the same manner as though originally designated a series unless otherwise provided with respect to such series or tranche pursuant to Section 2.03.
In particular, and without limiting the scope of the next preceding sentence, any of the provisions of such sections which provide for or permit action to be taken with respect to a series of Securities shall also be deemed to provide for and permit
such action to be taken instead only with respect to Securities of one or more tranches within that series (and such provisions shall be deemed satisfied thereby), even if no comparable action is taken with respect to Securities in the remaining
tranches of that series. 
 ARTICLE 3 

REDEMPTION 

Section 3.01.    Applicability of Article. The provisions of this Article 3 shall be applicable to the
Securities of any series which are redeemable before their maturity or to any sinking fund for the retirement of Securities of a series except as otherwise specified as contemplated by Section 2.03 for Securities of such series. 

Section 3.02.    Notice of Redemption; Partial Redemptions. (a) Notice of redemption to the Holders of
Registered Securities of any series to be redeemed as a whole or in part at the option of the Company shall be given by mailing notice of such redemption by first class mail, postage prepaid, at least 30 days and not more than 60 days prior to the
date fixed for redemption to such Holders of Registered Securities of such series at their last addresses as they shall appear upon the registry books. Notice of redemption to the Holders of Unregistered Securities of any series to be redeemed as a
whole or in part who have filed their names and addresses with the Trustee pursuant to 

  
 20 

 
Section 313(c)(2) of the Trust Indenture Act, shall be given by mailing notice of such redemption, by first class mail, postage prepaid, at least 30 days and not more than 60 days prior to
the date fixed for redemption, to such Holders at such addresses as were so furnished to the Trustee (and, in the case of any such notice given by the Company, the Trustee shall make such information available to the Company for such purpose). Any
notice which is mailed or published in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the Holder receives the notice. Failure to give notice by mail, or any defect in the notice to the Holder of any
Security of a series designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any other Security of such series. 

(b)    The notice of redemption to each such Holder shall specify the principal amount of each Security of such series
held by such Holder to be redeemed, the CUSIP numbers of the Securities to be redeemed, the date fixed for redemption, the redemption price, or if not then ascertainable, the manner of calculation thereof, the place or places of payment, that
payment will be made upon presentation and surrender of such Securities and, in the case of Securities with coupons attached thereto, of all coupons appertaining thereto maturing after the date fixed for redemption, that such redemption is pursuant
to the mandatory or optional sinking fund, or both, if such be the case, that interest accrued to the date fixed for redemption will be paid as specified in such notice and that on and after said date interest thereon or on the portions thereof to
be redeemed will cease to accrue. In case any Security of a series is to be redeemed in part only, the notice of redemption shall state the portion of the principal amount thereof to be redeemed and shall state that on and after the date fixed for
redemption, upon surrender of such Security, a new Security or Securities of such series and tenor in principal amount equal to the unredeemed portion thereof will be issued. 

(c)    The notice of redemption of Securities of any series to be redeemed at the option of the Company shall be given by
the Company or, at the Company’s written request at least 10 days prior to the last date on which notice of redemption may be given to Holders pursuant to the first paragraph of this Section 3.02 (or such shorter period as shall be
acceptable to the Trustee) if all of the outstanding Securities are to be redeemed, or at least 15 days prior to the last date on which notice of redemption may be given to Holders pursuant to the first paragraph of this Section 3.02 (or such
shorter period as shall be acceptable to the Trustee) if less than all the outstanding Securities of a series are to be redeemed, by the Trustee in the name and at the expense of the Company. 

(d)    On or before 10:00 a.m. New York City time on the redemption date or, in the case of Unregistered Securities, on or
before 10:00 a.m. New York City time on the Business Day prior to the redemption date specified in the notice of redemption given as provided in this Section, the Company will deposit with the Trustee or with one or more Paying Agents (or, if the
Company is acting as its own Paying Agent, set aside, segregate and hold in trust as provided in Section 2.06) an amount of money sufficient to redeem on the redemption date all the Securities of such series so called for redemption at the
appropriate redemption price, together with accrued interest to the date fixed for redemption. If all of the outstanding Securities of a series are to be redeemed, the Company will deliver to the Trustee at least 10 days prior to the last date on
which notice 

  
 21 

 
of redemption may be given to Holders pursuant to the first paragraph of this Section 3.02 (or such shorter period as shall be acceptable to the Trustee) an Officers’ Certificate
stating that all such Securities are to be redeemed. If less than all the outstanding Securities of a series are to be redeemed, the Company will deliver to the Trustee at least 15 days prior to the last date on which notice of redemption may be
given to Holders pursuant to the first paragraph of this Section 3.02 (or such shorter period as shall be acceptable to the Trustee) an Officers’ Certificate stating the aggregate principal amount of such Securities to be redeemed. In the
case of any redemption of Securities (i) prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, or (ii) pursuant to an election of the Company which is subject
to a condition specified in the terms of such Securities or elsewhere in this Indenture, the Company shall deliver to the Trustee, prior to the giving of any notice of redemption to Holders pursuant to this Section, an Officers’ Certificate
evidencing compliance with such restriction or condition. 
 (e)    If less than all the Securities of a series are to
be redeemed, the Trustee shall select in such manner as it shall deem appropriate and fair, and in accordance with the procedures of the Depositary, Securities of such series to be redeemed in whole or in part. Securities may be redeemed in part in
principal amounts equal to authorized denominations for Securities of such series. The Trustee shall promptly notify the Company in writing of the Securities of such series selected for redemption and, in the case of any Securities of such series
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
Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security which has been or is to be redeemed. 

Section 3.03.    Payment of Securities Called for Redemption. (a) If notice of redemption has been given
as above provided, the Securities or portions of Securities specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable redemption price, together with interest accrued to the date fixed
for redemption, and on and after such date (unless the Company shall default in the payment of such Securities at the redemption price, together with interest accrued to such date) interest on the Securities or portions of Securities so called for
redemption shall cease to accrue, and the unmatured coupons, if any, appertaining thereto shall be void and, except as provided in Sections 7.12 and 8.02, such Securities shall cease from and after the date fixed for redemption to be entitled to any
benefit under this Indenture, and the Holders thereof shall have no right in respect of such Securities except the right to receive the redemption price thereof and unpaid interest to the date fixed for redemption. On presentation and surrender of
such Securities at a place of payment specified in said notice, together with all coupons, if any, appertaining thereto maturing after the date fixed for redemption, said Securities or the specified portions thereof shall be paid and redeemed by the
Company at the applicable redemption price, together with interest accrued thereon to the date fixed for redemption; provided that payment of interest becoming due on or prior to the date fixed for redemption shall be payable in the case of
Securities with coupons attached thereto, to the Holders of the coupons for such interest upon surrender thereof, and in the case of Registered Securities, to the Holders of such Registered Securities registered as such on the relevant record date
subject to the terms and provisions of Sections 2.04 and 2.13 hereof. 

  
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 (b)    If any Security called for redemption shall not be so paid upon
surrender thereof for redemption, the principal shall, until paid or duly provided for, bear interest from the date fixed for redemption at the rate of interest or Yield to Maturity (in the case of an Original Issue Discount Security) borne by such
Security. 
 (c)    If any Security with coupons attached thereto is surrendered for redemption and is not accompanied
by all appurtenant coupons maturing after the date fixed for redemption, the surrender of such missing coupon or coupons may be waived by the Company and the Trustee, if there be furnished to each of them such security or indemnity as they may
require to save each of them harmless. 
 (d)    Upon presentation of any Security of any series redeemed in part only,
the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of such series and tenor (with any unmatured coupons attached), of
authorized denominations, in principal amount equal to the unredeemed portion of the Security so presented. 

Section 3.04.    Exclusion of Certain Securities From Eligibility for Redemption. Securities shall be excluded
from eligibility for selection for redemption if they are identified by registration and certificate number in a written statement signed by an authorized officer of the Company and delivered to the Trustee at least 40 days prior to the last date on
which notice of redemption may be given as being owned of record and beneficially by, and not pledged or hypothecated by, either (a) the Company or (b) an entity specifically identified in such written statement as directly or indirectly
controlling or controlled by or under direct or indirect common control with the Company. 

Section 3.05.    Mandatory and Optional Sinking Funds. (a) 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 the Securities of any series is herein
referred to as an “optional sinking fund payment”. The date on which a sinking fund payment is to be made is herein referred to as the “sinking fund payment date”. 

(b)    In lieu of making all or any part of any mandatory sinking fund payment with respect to any series of Securities in
cash, the Company may at its option (i) deliver to the Trustee Securities of such series theretofore purchased or otherwise acquired (except through a mandatory sinking fund payment) by the Company or receive credit for Securities of such
series (not previously so credited) theretofore purchased or otherwise acquired (except as aforesaid) by the Company and delivered to the Trustee for cancellation pursuant to Section 2.11, (ii) receive credit for optional sinking fund payments
(not previously so credited) made pursuant to this Section, or (iii) receive credit for Securities of such series (not previously so credited) redeemed by the Company at the option of the Company pursuant to the terms of such Securities or
through any optional sinking fund payment. Securities so delivered or credited shall be received or credited by the Trustee at the sinking fund redemption price specified in such Securities. 

  
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 (c)    On or before the sixtieth day next preceding each sinking fund
payment date for any series, or such shorter period as shall be acceptable to the Trustee, the Company will deliver to the Trustee an Officers’ Certificate (i) specifying the portion of the mandatory sinking fund payment to be satisfied by
payment of cash and the portion to be satisfied by credit of specified Securities of such series and the basis for such credit, (ii) stating that none of the specified Securities of such series has theretofore been so credited,
(iii) stating that no defaults in the payment of interest or Events of Default with respect to such series have occurred (which have not been waived or cured) and are continuing and (iv) stating whether or not the Company intends to
exercise its right to make an optional sinking fund payment with respect to such series and, if so, specifying the amount of such optional sinking fund payment which the Company intends to pay on or before the next succeeding sinking fund payment
date. Any Securities of such series to be credited and required to be delivered to the Trustee in order for the Company to be entitled to credit therefor as aforesaid which have not theretofore been delivered to the Trustee shall be delivered for
cancellation pursuant to Section 2.11 to the Trustee with such Officers’ Certificate (or reasonably promptly thereafter if acceptable to the Trustee). Such Officers’ Certificate shall be irrevocable and upon its receipt by the Trustee
the Company shall become unconditionally obligated to make all the cash payments or delivery of Securities therein referred to, if any, on or before the next succeeding sinking fund payment date. Failure of the Company, on or before any such
sixtieth day, to deliver such Officer’s Certificate and Securities specified in this paragraph, if any, shall not constitute a default but shall constitute, on and as of such date, the irrevocable election of the Company (A) that the
mandatory sinking fund payment for such series due on the next succeeding sinking fund payment date shall be paid entirely in cash without the option to deliver or credit Securities of such series in respect thereof and (B) that the Company
will make no optional sinking fund payment with respect to such series as provided in this Section. 
 (d)    If the
sinking fund payment or payments (mandatory or optional or both) to be made in cash on the next succeeding sinking fund payment date plus any unused balance of any preceding sinking fund payments made in cash shall exceed $50,000 (or a lesser sum if
the Company shall so request with respect to the Securities of any series), such cash shall be applied on the next succeeding sinking fund payment date to the redemption of Securities of such series at the sinking fund redemption price thereof
together with accrued interest thereon to the date fixed for redemption. If such amount shall be $50,000 (or such lesser sum) or less and the Company makes no such request then it shall be carried over until a sum in excess of $50,000 (or such
lesser sum) is available. The Trustee shall select, in the manner provided in Section 3.02, for redemption on such sinking fund payment date a sufficient principal amount of Securities of such series to absorb said cash, as nearly as may be,
and shall (if requested in writing by the Company) inform the Company of the serial numbers of the Securities of such series (or portions thereof) so selected. Securities shall be excluded from eligibility for redemption under this Section if they
are identified by registration and certificate number in an Officers’ Certificate delivered to the Trustee at least 60 days prior to the sinking 

  
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fund payment date as being owned of record and beneficially by, and not pledged or hypothecated by either (i) the Company or (ii) an entity specifically identified in such
Officers’ Certificate as directly or indirectly controlling or controlled by or under direct or indirect common control with the Company. The Trustee, in the name and at the expense of the Company (or the Company, if it shall so request the
Trustee in writing) shall cause notice of redemption of the Securities of such series to be given in substantially the manner provided in Section 3.02 (and with the effect provided in Section 3.03) for the redemption of Securities of such
series in part at the option of the Company. The amount of any sinking fund payments not so applied or allocated to the redemption of Securities of such series shall be added to the next cash sinking fund payment for such series and, together with
such payment, shall be applied in accordance with the provisions of this Section. Any and all sinking fund moneys held on the stated maturity date of the Securities of any particular series (or earlier, if such maturity is accelerated), which are
not held for the payment or redemption of particular Securities of such series shall be applied, together with other moneys, if necessary, sufficient for the purpose, to the payment of the Principal of, and interest on, the Securities of such series
at maturity. 
 (e)    On or before 10:00 a.m. New York City time on each sinking fund payment date or, in the case of
Unregistered Securities, 10:00 a.m. New York City time on the Business Day prior to the sinking fund payment date, the Company shall pay to the Trustee in cash or shall otherwise provide for the payment of all interest accrued to the date fixed for
redemption on Securities to be redeemed on the next following sinking fund payment date. 
 (f)    The Trustee shall not
redeem or cause to be redeemed any Securities of a series with sinking fund moneys or mail any notice of redemption of Securities of such series by operation of the sinking fund during the continuance of a Default in payment of interest on such
Securities or of any Event of Default except that, where the mailing of notice of redemption of any Securities shall theretofore have been made, the Trustee shall redeem or cause to be redeemed such Securities, provided that it shall have
received from the Company a sum sufficient for such redemption. Except as aforesaid, any moneys in the sinking fund for such series at the time when any such Default or Event of Default shall occur, and any moneys thereafter paid into the sinking
fund, shall, during the continuance of such Default or Event of Default, be deemed to have been collected under Article 6 and held for the payment of all such Securities. In case such Event of Default shall have been waived as provided in
Section 6.04 or the Default cured on or before the sixtieth day preceding the sinking fund payment date in any year, such moneys shall thereafter be applied on the next succeeding sinking fund payment date in accordance with this Section to the
redemption of such Securities. 
 ARTICLE 4 

COVENANTS 

Section 4.01.    Payment of Securities. (a) The Company shall pay the Principal of and interest on the
Securities on the dates and in the manner provided in the Securities and this Indenture. The interest on Securities with coupons attached (together with any additional amounts payable pursuant to the terms of such Securities) shall be payable

  
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only upon presentation and surrender of the several coupons for such interest installments as are evidenced thereby as they severally mature. The interest on any temporary Unregistered Securities
(together with any additional amounts payable pursuant to the terms of such Securities) shall be paid, as to the installments of interest evidenced by coupons attached thereto, if any, only upon presentation and surrender thereof, and, as to the
other installments of interest, if any, only upon presentation of such Unregistered Securities for notation thereon of the payment of such interest. The interest on Registered Securities (together with any additional amounts payable pursuant to the
terms of such Securities) shall be payable only to the Holders thereof (subject to Section 2.04) and at the option of the Company may be paid by mailing checks for such interest payable to or upon the written order of such Holders at their last
addresses as they appear on the Security Register of the Company. 
 (b)    Notwithstanding any provisions of this
Indenture and the Securities of any series to the contrary, if the Company and a Holder of any Registered Security so agree, payments of interest on, and any portion of the Principal of, such Holder’s Registered Security (other than interest
payable at maturity or on any redemption or repayment date or the final payment of Principal on such Security) shall be made by the Paying Agent, upon receipt from the Company of immediately available funds by 11:00 A.M., New York City time (or such
other time as may be agreed to between the Company and the Paying Agent), directly to the Holder of such Security (by Federal funds wire transfer or otherwise) if the Holder has delivered written instructions to the Trustee 15 days prior to such
payment date requesting that such payment will be so made and designating the bank account to which such payments shall be so made and in the case of payments of Principal, surrenders the same to the Trustee in exchange for a Security or Securities
aggregating the same principal amount as the unredeemed principal amount of the Securities surrendered. The Trustee shall be entitled to conclusively rely on the last instruction delivered by the Holder pursuant to this Section 4.01 unless a
new instruction is delivered 15 days prior to a payment date. The Company will indemnify and hold each of the Trustee and any Paying Agent harmless against any loss, liability or expense (including attorneys’ fees and expenses) resulting from
any act or omission to act on the part of the Company or any such Holder in connection with any such agreement or from making any payment in accordance with any such agreement. 

(c)    The Company shall pay interest on overdue Principal, and interest on overdue installments of interest, to the
extent lawful, at the rate per annum specified in the Securities. 
 Section 4.02.    Maintenance of Office or
Agency. (a) The Company will maintain in the United States of America, an office or agency where Securities may be surrendered for registration of transfer or exchange or for presentation for payment and where notices and demands to or upon
the Company in respect of the Securities and this Indenture may be served. The Company hereby initially designates the Corporate Trust Office of the Trustee, located in New York, New York, as such office or agency of the Company. 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 address of the Trustee set forth in Section 10.02. 

  
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 (b)    The Company will maintain one or more agencies in a city or
cities located outside the United States of America (including any city in which such an agency is required to be maintained under the rules of any stock exchange on which the Securities of any series are listed) where the Unregistered Securities,
if any, of each series and coupons, if any, appertaining thereto may be presented for payment. No payment on any Unregistered Security or coupon will be made upon presentation of such Unregistered Security or coupon at an agency of the Company
within the United States of America nor will any payment be made by transfer to an account in, or by mail to an address in, the United States of America unless, pursuant to applicable United States laws and regulations then in effect, such payment
can be made without adverse tax consequences to the Company. Notwithstanding the foregoing, if full payment in United States Dollars (“Dollars”) at each agency maintained by the Company outside the United States of America for
payment on such Unregistered Securities or coupons appertaining thereto is illegal or effectively precluded by exchange controls or other similar restrictions, payments in Dollars of Unregistered Securities of any series and coupons appertaining
thereto which are payable in Dollars may be made at an agency of the Company maintained in the United States of America. 

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

Section 4.03.    Securityholders’ Lists. The Company will furnish or cause to be furnished
to the Trustee a list in such form as the Trustee may reasonably require of the names and addresses of the holders of the Securities pursuant to Section 312 of the Trust Indenture Act of 1939 (a) semi-annually not more than 15 days after each
record date for the payment of semi-annual interest on the Securities, as hereinabove specified, as of such record date, and (b) at such other times as the Trustee may request in writing, within thirty days after receipt by the Company of any
such request as of a date not more than 15 days prior to the time such information is furnished. 

Section 4.04.    Certificate to Trustee. The Company will furnish to the Trustee annually, on or before a date
not more than 120 days after the end of its fiscal year (which, on the date hereof, is a calendar year), a brief certificate (which need not contain the statements required by Section 10.04) from its principal executive, financial or accounting
officer as to his or her knowledge of the compliance of the Company with all conditions and covenants under this Indenture (such compliance to be determined without regard to any period of grace or requirement of notice provided under this
Indenture) which certificate shall comply with the requirements of the Trust Indenture Act. 

  
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 Section 4.05.    Reports by the Company. The Company
covenants to file with the Trustee, within 15 days after the Company files the same with the Commission, copies of the annual reports and of the information, documents, and other reports which the Company may be required to file with the Commission
pursuant to Section 13 or Section 15(d) of the Exchange Act. Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive
notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’
Certificates). 
 Section 4.06.    Additional Amounts. (a) 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 that series of Securities and at least 10 days prior to each date of payment of Principal of or interest on the Securities of that series if
there has been a change with respect to the matters set forth in the below-mentioned Officers’ Certificate, the Company shall furnish to the Trustee and the principal paying agent, if other than the Trustee, an Officers’ Certificate
instructing the Trustee and such paying agent whether such payment of Principal of or interest on the Securities of that series shall be made to Holders of the Securities of that series without withholding or deduction for or on account of any tax,
assessment or other governmental charge described in the Securities of that series. If any such withholding or deduction shall be required, then such Officers’ Certificate shall specify by country the amount, if any, required to be withheld or
deducted on such payments to such Holders and shall certify the fact that additional amounts will be payable and the amounts so payable to each Holder, and the Company shall pay to the Trustee or such paying agent the additional amounts required to
be paid by this Section. 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 willful misconduct on their part arising
out of or in connection with actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished pursuant to this Section. 

(b)    Whenever in this Indenture there is mentioned, in any context, the payment of the Principal of or interest or any
other amounts on, or in respect 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 the
payment of additional amounts in those provisions hereof where such express mention is not made. 

Section 4.07.    Calculation of Original Issue Discount. The Company shall file with the Trustee promptly at
the end of each calendar year (a) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on outstanding Securities as of the end of such year and (b) such other specific
information relating to such original issue discount as may then be relevant under the Internal Revenue Code of 1986, as amended from time to time (the “Code”). 

  
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 ARTICLE 5 

SUCCESSOR CORPORATION 

Section 5.01.    When Company May Merge, Etc. The Company shall not consolidate with, merge with or into, or
sell, convey, transfer, lease or otherwise dispose of all or substantially all of its property and assets (in one transaction or a series of related transactions) to, any Person unless: 

(a)    (i) the Company shall be the continuing Person or (ii) the Person (if other than the Company) formed by such
consolidation or into which the Company is merged or to which properties and assets of the Company shall be sold, conveyed, transferred or leased shall be a Person organized and validly existing under the laws of the United States of America or any
jurisdiction thereof and shall expressly assume, by a supplemental indenture, executed and delivered to the Trustee, all of the obligations of the Company on all of the Securities and under this Indenture and the Company; 

(b)    immediately after giving effect to the transaction, no Default shall have occurred and be continuing; and 

(c)    the Company shall have delivered to the Trustee (i) an Opinion of Counsel stating that such consolidation,
merger or sale, conveyance, transfer or lease and such supplemental indenture (if any) complies with this provision and that all conditions precedent provided for herein relating to such transaction have been complied with and that such supplemental
indenture (if any) constitutes the legal, valid and binding obligation of the Company and any such successor enforceable against such entity in accordance with its terms, subject to customary exceptions and (ii) an Officers’ Certificate to
the effect that immediately after giving effect to such transaction, no Default shall have occurred and be continuing. 

Section 5.02.    Successor Substituted. Upon any consolidation or merger, or any sale, conveyance, transfer,
lease or other disposition of all or substantially all of the property and assets of the Company in accordance with Section 5.01 of this Indenture, the successor Person formed by such consolidation or into which the Company is merged or to
which such sale, conveyance, transfer, lease or other disposition 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 the predecessor Person, except in the case of a lease, shall be relieved of all obligations and covenants under this Indenture and the Securities. 

ARTICLE 6 
 DEFAULT
AND REMEDIES 
 Section 6.01.    Events of Default. (a) An “Event
of Default” shall occur with respect to the Securities of any series if: 
 (i)    the Company
defaults in the payment of the Principal of any Security of such series when the same becomes due and payable at maturity, upon acceleration, redemption or mandatory repurchase, including as a sinking fund installment, or otherwise; 

  
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 (ii)    the Company defaults in the payment of interest
on any Security of such series when the same becomes due and payable, and such default continues for a period of 30 days; 

(iii)    a failure by the Company to comply with its agreements contained in this Indenture (other than
those referenced in clauses (i) and (ii) above) and such failure continues for 90 days after written notice to the Company by the Trustee or to the Company and the Trustee by the Holders of 25% or more in aggregate principal amount of the
outstanding Securities of each series affected thereby (acting as a separate series) specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; 

(iv)    a court having jurisdiction in the premises shall enter a decree or order for relief in respect of
the Company in an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of the Company or
for any substantial part of its property or ordering the winding up or liquidation of its affairs, and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; 

(v)    the Company (A) commences a voluntary case under any applicable bankruptcy, insolvency or
other similar law now or hereafter in effect, or consents to the entry of an order for relief in an involuntary case under any such law, (B) consents to the appointment of or taking possession by a receiver, liquidator, assignee, custodian,
trustee, sequestrator or similar official of the Company or for all or substantially all of the property and assets of the Company or (C) effects any general assignment for the benefit of creditors; or occurs. 

(vi)    any other Event of Default established pursuant to Section 2.03 with respect to the
Securities of such series occurs. 
 (b)    No Event of Default with respect to a single series of Securities issued
hereunder (and under or pursuant to any supplemental indenture, Officers’ Certificate or Board Resolution) specific to such series shall constitute an Event of Default with respect to any other series of Securities unless otherwise provided in
this Indenture or any supplemental indenture, Officers’ Certificate or Board Resolution with respect to any other series of Securities. 

  
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 Section 6.02.    Acceleration. (a) If an Event of
Default other than as described in clauses (iv) or (v) of Section 6.01 with respect to the Securities of any series then outstanding occurs and is continuing, then, and in each and every such case, except for any series of Securities the
principal of which shall have already become due and payable, either the Trustee or the Holders of not less than 25% in aggregate principal amount of the Securities of any such series then outstanding hereunder by notice in writing to the Company
(and to the Trustee if given by Securityholders), may declare the entire principal (or, if the Securities of any such series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of such series
established pursuant to Section 2.03) of all Securities of such series, and the interest accrued thereon, if any, to be due and payable immediately, and upon any such declaration the same shall become immediately due and payable. 

(b)    If an Event of Default described in clauses (iv) or (v) of Section 6.01 occurs and is continuing, then
the principal amount (or, if any Securities are Original Issue Discount Securities, such portion of the principal as may be specified in the terms thereof established pursuant to Section 2.03) of all the Securities then outstanding and interest
accrued thereon, if any, shall be and become immediately due and payable, without any notice or other action by any Holder or the Trustee, to the full extent permitted by applicable law. 

(c)    The foregoing provisions, however, are subject to the condition that if, at any time after the principal (or, if
the Securities are Original Issue Discount Securities, such portion of the principal as may be specified in the terms thereof established pursuant to Section 2.03) of the Securities of any series (or of all the Securities, as the case may be)
shall have been so declared or become due and payable, and before any judgment or decree for the payment of the moneys due shall have been obtained or entered as hereinafter provided, the Company shall pay or shall deposit with the Trustee a sum
sufficient to pay all matured installments of interest upon all the Securities of each such series (or of all the Securities, as the case may be) and the principal of any and all Securities of each such series (or of all the Securities, as the case
may be) which shall have become due otherwise than by acceleration (with interest upon such principal and, to the extent that payment of such interest is enforceable under applicable law, on overdue installments of interest, at the same rate as the
rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified in the Securities of each such series to the date of such payment or deposit) and such amount as shall be sufficient to cover all amounts owing the
Trustee under Section 7.07, and if any and all Events of Default under this Indenture, other than the non-payment of the principal of Securities which shall have become due by acceleration, shall have
been cured, waived or otherwise remedied as provided herein, then and in every such case the Holders of a majority in aggregate principal amount of all the then outstanding Securities of all such series that have been accelerated (voting as a single
class), by written notice to the Company and to the Trustee, may waive all defaults with respect to all such series (or with respect to all the Securities, as the case may be) and rescind and annul such declaration and its consequences, but no such
waiver or rescission and annulment shall extend to or shall affect any subsequent default or shall impair any right consequent thereon. 

  
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 (d)    For all purposes under this Indenture, if a portion of the
principal of any Original Issue Discount Securities shall have been accelerated and declared or become due and payable pursuant to the provisions hereof, then, from and after such declaration, unless such declaration has been rescinded and annulled,
the principal amount of such Original Issue Discount Securities shall be deemed, for all purposes hereunder, to be such portion of the principal thereof as shall be due and payable as a result of such acceleration, and payment of such portion of the
principal thereof as shall be due and payable as a result of such acceleration, together with interest, if any, thereon and all other amounts owing thereunder, shall constitute payment in full of such Original Issue Discount Securities. 

Section 6.03.    Other Remedies. (a) If a payment default or an Event of Default with respect to the
Securities of any series occurs and is continuing, the Trustee may pursue, in its own name or as trustee of an express trust, any available remedy by proceeding at law or in equity to collect the payment of Principal of and interest on the
Securities of such series or to enforce the performance of any provision of the Securities of such series or this Indenture. 

(b)    The Trustee may maintain a proceeding even if it does not possess any of the Securities or does not produce any of
them in the proceeding. 
 Section 6.04.    Waiver of Past Defaults. Subject to Sections 6.02, 6.07 and
9.02, the Holders of at least a majority in principal amount (or, if the Securities are Original Issue Discount Securities, such portion of the principal as is then accelerable under 6.02) of the outstanding Securities of all series affected (voting
as a single class), by notice to the Company and the Trustee, may waive an existing Default or Event of Default with respect to the Securities of such series and its consequences, except a Default in the payment of Principal of or interest on any
Security as specified in clauses (i) or (ii) of Section 6.01 or in respect of a covenant or provision of this Indenture which cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any
such waiver, such Default shall cease to exist, and any Event of Default with respect to the Securities of such series 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 Event of Default or impair any right consequent thereto. 

Section 6.05.    Control by Majority. Subject to Sections 7.01 and 7.02(e), the Holders of at least a majority
in aggregate principal amount (or, if any Securities are Original Issue Discount Securities, such portion of the principal as is then accelerable under Section 6.02) of the outstanding Securities of any series may 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 by this Indenture; provided, that the Trustee may refuse to
follow any direction that conflicts with law or this Indenture, that may involve the Trustee in personal liability or that the Trustee determines in good faith may be unduly prejudicial to the rights of Holders not joining in the giving of such
direction; and provided further, that the Trustee may take any other action it deems proper that is not inconsistent with any directions received from Holders of Securities pursuant to this Section 6.05. 

  
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 Section 6.06.    Limitation on Suits. (a) No Holder of
any Security of any series may institute any proceeding, judicial or otherwise, with respect to this Indenture or the Securities of any series, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 

(i)    such Holder has previously given to the Trustee written notice of a continuing Event of Default
with respect to the Securities of such series; 
 (ii)    the Holders of at least 25% in aggregate
principal amount of 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; 

(iii)    such Holder or Holders have offered to the Trustee indemnity reasonably satisfactory to the
Trustee against any costs, liabilities or expenses to be incurred in compliance with such request; 

(iv)    the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has
failed to institute any such proceeding; and 
 (v)    during such
60-day period, the Holders of a majority in aggregate principal amount of the outstanding Securities of such series have not given the Trustee a direction that is inconsistent with such written request. 

(b)    A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority
over such other Holder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders). 

Section 6.07.    Rights of Holders to Receive Payment. Notwithstanding any other provision of this Indenture,
the right of any Holder of a Security to receive payment of Principal of or interest, if any, on such Holder’s Security on or after the respective due dates expressed on such Security, or to bring suit for the enforcement of any such payment on
or after such respective dates, shall not be impaired or affected without the consent of such Holder. 

Section 6.08.    Collection Suit by Trustee. If an Event of Default with respect to the Securities of any
series in payment of Principal or interest specified in clause (i) or (ii) of Section 6.01 occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company for the whole
amount (or such portion thereof as specified in the terms established pursuant to Section 2.03 of Original Issue Discount Securities) of Principal of, and accrued interest remaining unpaid on, together with interest on overdue Principal of,
and, to the extent that payment of such interest is lawful, interest on overdue installments of interest on, the Securities of such series, in each case at the rate or Yield to Maturity (in the case of Original Issue Discount Securities) specified
in such Securities, and such further amount as shall be sufficient to cover all amounts owing the Trustee under Section 7.07. 

  
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 Section 6.09.    Trustee May File Proofs of Claim. The
Trustee may file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for amounts due the Trustee under Section 7.07) and the Holders allowed in any
judicial proceedings relative to the Company (or any other obligor on the Securities), its creditors or its property and shall be entitled and empowered to collect and receive any moneys, securities or other property payable or deliverable upon
conversion or exchange of the Securities or upon any such claims and to distribute the same, and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by
each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it under Section 7.07. Nothing herein contained
shall be deemed to empower the Trustee to authorize or consent to, or accept or adopt on behalf of any Holder, any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof, or to
authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

Section 6.10.    Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in
respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal or interest, upon presentation of the several
Securities and coupons appertaining to such Securities in respect of which moneys have been collected and noting thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented
Securities of such series and tenor if only partially paid, or upon surrender thereof if fully paid: 
 FIRST: To the payment of all amounts
due the Trustee under Section 7.07 applicable to the Securities of such series in respect of which moneys have been collected; 

SECOND: In case the principal of the Securities of such series in respect of which moneys have been collected shall not have become and be
then due and payable, to the payment of interest on the Securities of such series in default in the order of the maturity of the installments of such interest, with interest (to the extent that such interest has been collected by the Trustee) upon
the overdue installments of interest at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified in such Securities, such payments to be made ratably to the persons entitled thereto,
without discrimination or preference; 
 THIRD: In case the principal of the Securities of such series in respect of which moneys have been
collected shall have become and shall be then due and payable, to the payment of the whole amount then owing and unpaid upon all the Securities of such series for Principal and interest, with interest upon the overdue Principal, and (to the extent
that such interest has been collected by the Trustee) upon overdue installments of interest at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified in the Securities of such series;
and in case such moneys shall be insufficient to pay in full the whole amount so due and unpaid upon the 

  
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Securities of such series, then to the payment of such Principal and interest or Yield to Maturity, without preference or priority of Principal over interest or Yield to Maturity, or of interest
or Yield to Maturity over Principal, or of any installment of interest over any other installment of interest, or of any Security of such series over any other Security of such series, ratably to the aggregate of such Principal and accrued and
unpaid interest or Yield to Maturity; and 
 FOURTH: To the payment of the remainder, if any, to the Company or any other person lawfully
entitled thereto. 
 Section 6.11.    Restoration of Rights and Remedies. If the Trustee or any Holder has
instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then, and in every such case,
subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored to their former positions hereunder and thereafter all rights and remedies of the Company, the Trustee and the Holders shall continue as
though no such proceeding had been instituted. 
 Section 6.12.    Undertaking for Costs. In any suit for
the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, in either case in respect to the Securities of any series, a court may require any party litigant in
such suit (other than the Trustee) to file an undertaking to pay the costs of the suit, and the court may assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant (other than the Trustee) in the
suit having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.12 does not apply to a suit by a Holder pursuant to Section 6.07, a suit instituted by the Trustee or a suit by
Holders of more than 10% in principal amount of the outstanding Securities of such series. 

Section 6.13.    Rights and Remedies Cumulative. Except as otherwise provided with respect to the replacement
or payment of mutilated, destroyed, lost or wrongfully taken Securities in Section 2.08, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every
right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy
hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 6.14.    Delay or Omission not Waiver. No delay or omission of the Trustee or of any Holder 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 6 or by law to the
Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 

  
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 ARTICLE 7 

TRUSTEE 

Section 7.01.    General. The duties and responsibilities of the Trustee shall be as provided by the Trust
Indenture Act and as set forth herein. Notwithstanding the foregoing, 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, unless it receives indemnity satisfactory to it against any loss, liability or expense. 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 7. 

Section 7.02.    Certain Rights of Trustee. Subject to Trust Indenture Act Sections 315(a) through (d): 

(a)    the Trustee may conclusively rely and shall be protected in acting or refraining from acting upon any resolution,
certificate, Officers’ Certificate, Opinion of Counsel (or both), statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by
it to be genuine and to have been signed or presented by the proper person or persons. The Trustee need not investigate any fact or matter stated in the document, but the Trustee, in its discretion, may make such further inquiry or investigation
into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney at
the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation; 

(b)    before the Trustee acts or refrains from acting, it may require an Officers’ Certificate and/or an Opinion of
Counsel, which shall conform to Section 10.04 and shall cover such other matters as the Trustee may reasonably request. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such certificate or
opinion. Subject to Sections 7.01 and 7.02, whenever in the administration of the trusts of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering or omitting any action
hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or willful misconduct on the part of the Trustee, be deemed to be conclusively proved and established by an
Officers’ Certificate delivered to the Trustee, and such certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the
provisions of this Indenture upon the faith thereof; 
 (c)    the Trustee may act through its attorneys and agents not
regularly in its employ and shall not be responsible for the misconduct or negligence of any agent or attorney appointed with due care; 

  
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 (d)    any request, direction, order or demand of the Company mentioned
herein shall be sufficiently evidenced by an Officers’ Certificate (unless other evidence in respect thereof be herein specifically prescribed); and any Board Resolution may be evidenced to the Trustee by a copy thereof certified by the
Secretary or an Assistant Secretary of the Company; 
 (e)    the Trustee shall be under no obligation to exercise any
of the rights or powers vested in it by this Indenture at the request, order or direction of any of the Holders, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and
liabilities that might be incurred by it in compliance with such request or direction; 
 (f)    the Trustee shall not
be liable for any action it takes or omits to take in good faith that it believes to be authorized or within its rights or powers or for any action it takes or omits to take in accordance with the direction of the Holders in accordance with
Section 6.05 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; 

(g)    the Trustee may consult with counsel of its selection and the advice of such counsel or any Opinion of Counsel
shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

(h)    prior to the occurrence of an Event of Default hereunder and after the curing or waiving of all Events of Default,
the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, Officers’ Certificate, Opinion of Counsel, Board Resolution, statement, instrument, opinion, report, notice, request,
consent, order, approval, appraisal, bond, debenture, note, coupon, security, or other paper or document unless requested in writing so to do by the Holders of not less than a majority in aggregate principal amount of the Securities of all series
affected then outstanding; provided that, if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not
reasonably assured to the Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require indemnity satisfactory to it against such expenses or liabilities as a condition to proceeding; 

(i)    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) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action; 

(j)    the Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of
the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities and this Indenture;

  
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 (k)    the rights, privileges, protections, immunities and benefits
given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder;

 (l)    the Trustee shall not be required to give any bond or surety in respect of the performance of its powers and
duties hereunder; and 
 (m)    the Trustee may request that the Company deliver a certificate setting forth the names
of individuals and/or titles of officers authorized to take specified actions pursuant to this Indenture. 

Section 7.03.    Individual Rights of Trustee. The Trustee, in its individual or any other capacity, may
become the owner or pledgee of Securities and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not the Trustee. Any Agent may do the same with like rights. However, the Trustee is subject to Trust
Indenture Act Sections 310(b) and 311. For purposes of Trust Indenture Act Section 311(b)(4) and (6), the following terms shall mean: 

(a)    “cash transaction” means any transaction in which full payment for goods or securities sold is
made within seven days after delivery of the goods or securities in currency or in checks or other orders drawn upon banks or bankers and payable upon demand; and 

(b)    “self-liquidating paper” means any draft, bill of exchange, acceptance or obligation which is
made, drawn, negotiated or incurred by the Company for the purpose of financing the purchase, processing, manufacturing, shipment, storage or sale of goods, wares or merchandise and which is secured by documents evidencing title to, possession of,
or a lien upon, the goods, wares or merchandise or the receivables or proceeds arising from the sale of the goods, wares or merchandise previously constituting the security, provided the security is received by the Trustee simultaneously with the
creation of the creditor relationship with the Company arising from the making, drawing, negotiating or incurring of the draft, bill of exchange, acceptance or obligation. 

Section 7.04.    Trustee’s Disclaimer. The recitals contained herein and in the Securities
(except the Trustee’s certificate of authentication) shall be taken as statements of the Company and not of the Trustee and the Trustee assumes no responsibility for the correctness of the same. Neither the Trustee nor any of its agents
(a) makes any representation as to the validity or adequacy of this Indenture or the Securities and (b) shall be accountable for the Company’s use or application of the proceeds from the Securities. 

  
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 Section 7.05.    Notice of Default. If any Default with
respect to the Securities of any series occurs and is continuing and if such Default is known to the actual knowledge of a Responsible Officer with the corporate trust department of the Trustee, the Trustee shall give to each Holder of Securities of
such series notice of such Default within 90 days after it occurs to all Holders of Securities of such series in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act, unless such Default shall have been cured or
waived before the mailing or publication of such notice; provided, however, that, except in the case of a Default in the payment of the Principal of or interest on any Security, the Trustee shall be protected in withholding such notice
if the Trustee in good faith determines that the withholding of such notice is in the interests of the Holders. 

Section 7.06.    Reports by Trustee to Holders. (a) The Trustee shall transmit to Holders such reports
concerning the Trustee and its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto. If required by Section 313(a) of the Trust Indenture Act, the Trustee
shall, within 60 days after each July 15 following the date of this Indenture, deliver to Holders a brief report, dated as of such July 15, which complies with the provisions of such Section 313(a). 

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

Section 7.07.    Compensation and Indemnity. (a) The Company shall pay to the Trustee such compensation
as shall be agreed upon in writing from time to time for its services. The compensation of the Trustee shall not be limited by any law on compensation of a Trustee of an express trust. The Company shall reimburse the Trustee and any predecessor
Trustee upon request for all reasonable out-of-pocket expenses, disbursements and advances incurred or made by the Trustee or such predecessor Trustee. Such expenses
shall include the reasonable compensation and expenses of the Trustee’s or such predecessor Trustee’s agents, counsel and other persons not regularly in their employ. 

(b)    The Company shall indemnify the Trustee and any predecessor Trustee for, and hold them harmless against, any loss,
damage, claim, cost, liability or expense incurred by them without negligence or willful misconduct on their part arising out of or in connection with the acceptance or administration of this Indenture and the Securities or the issuance of the
Securities or of series thereof or the trusts hereunder and the performance of duties under this Indenture and the Securities, including the costs and expenses of defending themselves against or investigating any claim (whether asserted by the
Company, a Holder or any other Person) or liability and of complying with any process served upon them or any of their officers in connection with the exercise or performance of any of their powers or duties under this Indenture and the Securities.

 (c)    To secure the Company’s payment obligations in this Section 7.07, the Trustee shall have a lien
prior to the Securities on all money or property held or collected by the Trustee, in its capacity as Trustee, except money or property held in trust to pay Principal of, and interest on particular Securities. 

  
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 (d)    The obligations of the Company under this Section to compensate
and indemnify the Trustee and each predecessor Trustee and to pay or reimburse the Trustee and each predecessor Trustee for expenses, disbursements and advances shall constitute additional indebtedness hereunder and shall survive the satisfaction
and discharge of this Indenture, the resignation or removal of the Trustee or the rejection or termination of this Indenture under bankruptcy law. Such additional indebtedness shall be a senior claim to that of the Securities upon all property and
funds held or collected by the Trustee as such, except funds held in trust for the benefit of the Holders of particular Securities or coupons, and the Securities are hereby subordinated to such senior claim. Without prejudice to any other rights
available to the Trustee under applicable law, if the Trustee renders services and incurs expenses following an Event of Default under Section 6.01(a)(iv) or Section 6.01(a)(v) hereof, the parties hereto and the holders by their acceptance
of the Securities hereby agree that such expenses are intended to constitute expenses of administration under any bankruptcy law. 

Section 7.08.    Replacement of Trustee. (a) A resignation or removal of the Trustee as Trustee with
respect to the Securities of any series and appointment of a successor Trustee as Trustee with respect to the Securities of any series shall become effective only upon the successor Trustee’s acceptance of appointment as provided in this
Section 7.08. 
 (b)    The Trustee may resign as Trustee with respect to the Securities of any series at any time
by so notifying the Company in writing. The Holders of a majority in principal amount of the outstanding Securities of any series may remove the Trustee as Trustee with respect to the Securities of such series by so notifying the Trustee in writing
and may appoint a successor Trustee with respect thereto with the consent of the Company. The Company may remove the Trustee as Trustee with respect to the Securities of any series if: (i) the Trustee is no longer eligible under
Section 7.11 of this Indenture; (ii) the Trustee is adjudged a bankrupt or insolvent; (iii) a receiver or other public officer takes charge of the Trustee or its property; or (iv) the Trustee becomes incapable of acting. 

(c)    If the Trustee resigns or is removed as Trustee with respect to the Securities of any series, or if a vacancy
exists in the office of Trustee with respect to the Securities of any series for any reason, the Company shall promptly appoint a successor Trustee with respect thereto. Within one year after the successor Trustee takes office, the Holders of a
majority in principal amount of the outstanding Securities of such series may appoint a successor Trustee in respect of such Securities to replace the successor Trustee appointed by the Company. If the successor Trustee with respect to the
Securities of any series does not deliver its written acceptance required by Section 7.09 within 30 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of a majority in principal amount of the
outstanding Securities of such series may petition at the expense of the Company any court of competent jurisdiction for the appointment of a successor Trustee with respect thereto. 

  
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 (d)    The Company shall give notice of any resignation and any removal
of the Trustee with respect to the Securities of any series and each appointment of a successor Trustee in respect of the Securities of such series to all Holders of Securities of such series. Each notice shall include the name of the successor
Trustee and the address of its Corporate Trust Office. 
 (e)    Notwithstanding replacement of the Trustee with respect
to the Securities of any series pursuant to this Section 7.08 and Section 7.09, the Company’s obligations under Section 7.07 shall continue for the benefit of the retiring Trustee. 

Section 7.09.    Acceptance of Appointment by Successor. (a) In case of the appointment hereunder of a
successor Trustee with respect to all Securities, every such successor Trustee so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or
removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the
Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges and subject to the lien provided for in Section 7.07, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and
trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. 

(b)    In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not
all) series, the Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment
and which (i) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities
of that or those series to which the appointment of such successor Trustee relates, (ii) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm
that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (iii) shall
add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental
indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder
administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee
relates; but, on request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities
of that or those series to which the appointment of such successor Trustee relates. 

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

(d)    No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee
shall be eligible under this Article and qualified under Section 310(b) of the Trust Indenture Act. 

Section 7.10.    Successor Trustee by Merger, Etc. If the Trustee consolidates with, merges or converts into,
or transfers all or substantially all of its corporate trust business to, another corporation or national banking association, the resulting, surviving or transferee corporation or national banking association without any further act shall be the
successor Trustee with the same effect as if the successor Trustee had been named as the Trustee herein. 

Section 7.11.    Eligibility. This Indenture shall always have a Trustee who satisfies the requirements of
Trust Indenture Act Section 310(a). The Trustee shall have a combined capital and surplus of at least $25,000,000 as set forth in its most recent published annual report of condition. 

Section 7.12.    Money Held in Trust. The Trustee shall not be liable for interest on any money received by it
except as the Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law and except for money held in trust under Article 8 of this Indenture. 

ARTICLE 8 

SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED
MONEYS 
 Section 8.01.    Satisfaction and Discharge of Indenture. If at any time
(a) the Company shall have paid or caused to be paid the Principal of and interest on all the Securities of any series outstanding hereunder (other than Securities of such series which have been destroyed, lost or stolen and which have been
replaced or paid as provided in Section 2.08) as and when the same shall have become due and payable, (b) the Company shall have delivered to the Trustee for cancellation all Securities of any series theretofore authenticated (other than
any Securities of such series which shall have been destroyed, lost or stolen and which shall have been replaced or paid as provided in Section 2.08) or (c) (i) all the securities of such series not theretofore delivered to the Trustee for
cancellation shall have become due and payable, or are by their terms to become due and payable within one year or are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption,
and (ii) the Company shall have irrevocably deposited or caused to be deposited with the Trustee 

  
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as trust funds the entire amount in cash (other than moneys repaid by the Trustee or any paying agent to the Company in accordance with Section 8.04) or U.S. Government Obligations, maturing
as to principal and interest in such amounts and at such times as will insure (without consideration of the reinvestment of such interest) the availability of cash, or a combination thereof, sufficient to pay at maturity or upon redemption all
Securities of such series (other than any Securities of such series which shall have been destroyed, lost or stolen and which shall have been replaced or paid as provided in Section 2.08) not theretofore delivered to the Trustee for
cancellation, including principal and interest due or to become due on or prior to such date of maturity or redemption as the case may be, and if, in any such case, the Company shall also pay or cause to be paid all other sums payable hereunder by
the Company with respect to Securities of such series, then this Indenture shall cease to be of further effect with respect to Securities of such series (except as to (A) rights of registration of transfer and exchange of securities of such
series, and the Company’s right of optional redemption, if any, (B) substitution of mutilated, defaced, destroyed, lost or stolen Securities, (C) rights of Holders to receive payments of principal thereof and interest thereon, upon
the original stated due dates therefor (but not upon acceleration) and remaining rights of Holders to receive mandatory sinking fund payments, if any, (D) the rights, obligations and immunities of the Trustee hereunder and (E) the rights
of Holders of such series as beneficiaries hereof with respect to the property so deposited with the Trustee payable to all or any of them), and the Trustee, on demand of the Company accompanied by an Officers’ Certificate and an Opinion of
Counsel and at the cost and expense of the Company, shall execute proper instruments acknowledging such satisfaction of and discharging this Indenture with respect to such series; provided, that the rights of Holders of the Securities to
receive amounts in respect of Principal of and interest on the Securities held by them shall not be delayed longer than required by then-applicable mandatory rules or policies of any securities exchange upon which the Securities are listed. The
Company agrees to reimburse the Trustee for any costs or expenses thereafter reasonably and properly incurred and to compensate the Trustee for any services thereafter reasonably and properly rendered by the Trustee in connection with this Indenture
or the Securities of such series. 
 Section 8.02.    Application by Trustee of Funds Deposited for Payment of
Securities. Subject to Section 8.04, all moneys (including U.S. Government Obligations and the proceeds thereof) deposited with the Trustee pursuant to Section 8.01, 8.05 or 8.06 shall be held in trust and applied by it to the payment,
either directly or through any paying agent to the Holders of the particular Securities of such series for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for Principal
and interest; but such money need not be segregated from other funds except to the extent required by law. 

Section 8.03.    Repayment of Moneys Held by Paying Agent. In connection with the satisfaction and discharge
of this Indenture with respect to Securities of any series, all moneys then held by any paying agent under the provisions of this Indenture with respect to such series of Securities shall, upon demand of the Company, be repaid to it or paid to the
Trustee and thereupon such paying agent shall be released from all further liability with respect to such moneys. 

  
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 Section 8.04.    Return of Moneys Held by Trustee and Paying
Agent Unclaimed for Two Years. Any moneys deposited with or paid to the Trustee or any paying agent for the payment of the Principal of or interest on any Security of any series and not applied but remaining unclaimed for two years after the
date upon which such Principal or interest shall have become due and payable, shall, upon the written request of the Company and unless otherwise required by mandatory provisions of applicable escheat or abandoned or unclaimed property law, be
repaid to the Company by the Trustee for such series or such paying agent, and the Holder of the Security of such series shall, unless otherwise required by mandatory provisions of applicable escheat or abandoned or unclaimed property laws,
thereafter look only to the Company for any payment which such Holder may be entitled to collect, and all liability of the Trustee or any paying agent with respect to such moneys shall thereupon cease. 

Section 8.05.    Defeasance and Discharge of Indenture. The Company shall be deemed to have paid and shall be
discharged from any and all obligations in respect of the Securities of any series, on the 123rd day after the deposit referred to in clause (i) hereof has been made, and the provisions of this Indenture shall no longer be in effect with
respect to the Securities of such series (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except as to: (a) rights of registration of transfer and exchange, and the Company’s right
of optional redemption, if any, (b) the substitution of mutilated, defaced, destroyed, lost or stolen Securities, (c) rights of Holders to receive payments of principal thereof and interest thereon, upon the original stated due dates
therefor (but not upon acceleration) and remaining rights of Holders to receive mandatory sinking fund payments, if any, (d) the rights, obligations and immunities of the Trustee hereunder and (e) the rights of Holders of such series as
beneficiaries hereof with respect to the property deposited with the Trustee payable to all or any of them; provided that the following conditions shall have been satisfied: 

(i)    with reference to this provision the Company has deposited or caused to be irrevocably deposited
with the Trustee (or another qualifying trustee satisfying the requirements of Section 7.11) as trust funds in trust, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of the Securities of such series,
(A) money in an amount, or (B) U.S. Government Obligations which through the payment of interest and principal in respect thereof in accordance with their terms will provide not later than one day before the due date of any payment
referred to in subclause (x) or (y) of this clause (i) money in an amount, or (C) a combination thereof, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification
thereof delivered to the Trustee, to pay and discharge without consideration of the reinvestment of such interest and after payment of all federal, state and local taxes or other charges and assessments in respect thereof payable by the Trustee
(x) the principal of, premium, if any, and each installment of interest on the outstanding Securities of such series on the due dates thereof and (y) any mandatory sinking fund payments or analogous payments applicable to the Securities of
such series on the day on which such payments are due and payable in accordance with the terms of Securities of such series and the Indenture with respect to the Securities of such series; 

  
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 (ii)    the Company has delivered to the Trustee
(A) either (x) an Opinion of Counsel to the effect that beneficial owners of Securities of such series will not recognize income, gain or loss for federal income tax purposes as a result of the Company’s exercise of its option under this
Section 8.05 and will be subject to federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit, defeasance and discharge had not occurred, which Opinion of Counsel must be
based upon a ruling of the Internal Revenue Service to the same effect or a change in applicable federal income tax law or related treasury regulations after the date of this Indenture or (y) a ruling directed to the Trustee received from the
Internal Revenue Service to the same effect as the aforementioned Opinion of Counsel and (B) an Opinion of Counsel to the effect that the creation of the defeasance trust does not violate the Investment Company Act of 1940 and after the passage
of 123 days following the deposit, the trust fund will not be subject to the effect of Section 547 of the U.S. Bankruptcy Code or Section 15 of the New York Debtor and Creditor Law; 

(iii)    immediately after giving effect to such deposit on a pro forma basis, no Event of Default, or
event that after the giving of notice or lapse of time or both would become an Event of Default, shall have occurred and be continuing on the date of such deposit or during the period ending on the 123rd day after the date of such deposit, and such
deposit shall not result in a breach or violation of, or constitute a default under any other agreement or instrument to which the Company is a party or by which the Company is bound; 

(iv)    if at such time the Securities of such series are listed on a national securities exchange, the
Company has delivered to the Trustee an Opinion of Counsel to the effect that the Securities of such series will not be delisted as a result of such deposit, defeasance and discharge; 

(v)    the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent to the defeasance and discharge under this Section have been complied with; and 

(vi)    if the Securities of such series are to be redeemed prior to the final maturity thereof (other
than from mandatory sinking fund payments or analogous payments), notice of such redemption shall have been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee shall have been made. 

Section 8.06.    Defeasance of Certain Obligations. The Company may omit to comply with any term, provision or
condition set forth in, and this Indenture will no longer be in effect with respect to, any covenant established pursuant to Section 2.03(b)(xix) and clause (c) (with respect to any covenants established pursuant to Section 2.03(b)(xviii))
and clause (vi) of Section 6.01 shall be deemed not to be an Event of Default with respect to Securities of any series, if 

  
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 (a)    with reference to this Section 8.06, the Company has
deposited or caused to be irrevocably deposited with the Trustee (or another qualifying trustee satisfying the requirements of Section 7.11) as trust funds in trust, specifically pledged as security for, and dedicated solely to, the benefit of
the Holders of the Securities of such series and the Indenture with respect to the Securities of such series, (i) money in an amount or (ii) U.S. Government Obligations which through the payment of interest and principal in respect thereof
in accordance with their terms will provide not later than one day before the due dates thereof or earlier redemption (irrevocably provided for under agreements satisfactory to the Trustee), as the case may be, of any payment referred to in
subclause (x) or (y) of this clause (a) money in an amount, or (iii) a combination thereof, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof
delivered to the Trustee, to pay and discharge without consideration of the reinvestment of such interest and after payment of all federal, state and local taxes or other charges and assessments in respect thereof payable by the Trustee (x) the
principal of, premium, if any, and each installment of interest on the outstanding Securities of such series on the due date thereof or earlier redemption (irrevocably provided for under arrangements satisfactory to the Trustee), as the case may be,
and (y) any mandatory sinking fund payments or analogous payments applicable to the Securities of such series and the Indenture with respect to the Securities of such series on the day on which such payments are due and payable in accordance
with the terms of this Indenture and of Securities of such series and the Indenture with respect to the Securities of such series; 

(b)    the Company has delivered to the Trustee (i) an Opinion of Counsel to the effect that beneficial owners of
Securities of such series will not recognize income, gain or loss for federal income tax purposes as a result of the Company’s exercise of its option under this Section 8.06 and will be subject to federal income tax on the same amount and
in the same manner and at the same times as would have been the case if such deposit and defeasance had not occurred and (ii) an Opinion of Counsel to the effect that the creation of the defeasance trust does not violate the Investment Company
Act of 1940 and after the passage of 123 days following the deposit, the trust fund will not be subject to the effect of Section 547 of the U.S. Bankruptcy Code or Section 15 of the New York Debtor and Creditor Law; 

(c)    immediately after giving effect to such deposit on a pro forma basis, no Event of Default, or event that after the
giving of notice or lapse of time or both would become an Event of Default, shall have occurred and be continuing on the date of such deposit or during the period ending on the 123rd day after the date of such deposit, and such deposit shall not
result in a breach or violation of, or constitute a default under any other agreement or instrument to which the Company is a party or by which the Company is bound; 

(d)    if at such time the Securities of such series are listed on a national securities exchange, the Company has
delivered to the Trustee an Opinion of Counsel to the effect that the Securities of such series will not be delisted as a result of such deposit, defeasance and discharge; and 

  
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 (e)    the Company shall have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that all conditions precedent to the defeasance under this Section have been complied with. 

Section 8.07.    Reinstatement. If the Trustee or paying agent is unable to apply any monies or U.S.
Government Obligations in accordance with Article 8 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s
obligations under this Indenture and the Securities shall be revived and reinstated as though no deposit had occurred pursuant to this Article until such time as the Trustee or paying agent is permitted to apply all such monies or U.S. Government
Obligations in accordance with Article 8; provided, however, that if the Company has made any payment of Principal of or interest on any Securities because of the reinstatement of its obligations, the Company shall be subrogated to the
rights of the Holders of such Securities to receive such payment from the monies or U.S. Government Obligations held by the Trustee or paying agent. 

Section 8.08.    Indemnity. The Company shall pay and indemnify the Trustee (or other qualifying trustee,
collectively for purposes of this Section 8.08 and Section 8.02, the “Trustee”) against any tax, fee or other charge, imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 8.01,
8.05 or 8.06 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 the Securities and any coupons appertaining thereto. 

Section 8.09.    Excess Funds. Anything in this Article 8 to the contrary notwithstanding, the Trustee shall
deliver or pay to the Company from time to time upon written request of the Company, any money or U.S. Government Obligations (or other property and any proceeds therefrom) held by it as provided in Section 8.01, 8.05 or 8.06 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 discharge
or defeasance, as applicable, in accordance with this Article 8. 
 Section 8.10.    Qualifying
Trustee. Any trustee appointed pursuant to Section 8.05 or 8.06 for the purpose of holding money or U.S. Government Obligations deposited pursuant to such Sections shall be appointed under an agreement in form acceptable to the Trustee and
shall provide to the Trustee a certificate, upon which certificate the Trustee shall be entitled to conclusively rely, that all conditions precedent provided for herein to the related defeasance have been complied with. In no event shall the Trustee
be liable for any acts or omissions of said trustee. 
 Section 8.11.    Tax Matters regarding Trustee.
(a) In connection with any proposed exchange of Global Securities for Securities in definitive registered form, upon request of the Trustee, the Company shall use commercially reasonable efforts to provide or cause to be provided to the Trustee
any information reasonably available to the Company that is necessary to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis reporting obligations under Section 6045 of the
Code. The Trustee may rely on any such information provided to it and shall have no responsibility to verify or ensure the accuracy of such information. 

  
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 (b)    For certain payments made pursuant to this Indenture, the Trustee
may be required to make a “reportable payment” or “withholdable payment” and in such cases the Trustee shall have the duty to act as a payor or withholding agent, respectively, that is responsible for any tax withholding and
reporting required under Chapters 3, 4, and 61 of the Code. The Trustee shall have the sole right to make the determination as to which payments are “reportable payments” or “withholdable payments.” All parties to this Indenture
shall provide an executed IRS Form W-9 or appropriate IRS Form W-8 (or, in each case, any successor form) to the Trustee prior to the issuance of Securities, and shall
promptly update any such form to the extent such form becomes obsolete or inaccurate in any respect. The Trustee shall have the right to reasonably request from any party to this Indenture, or any other Person entitled to payment hereunder, any
additional forms, documentation or other information as may be reasonably necessary for the Trustee to satisfy its reporting and withholding obligations under Chapters 3, 4, and 61 of the Code. To the extent any such forms to be delivered under this
Section 8.11 are not provided prior to or by the time the related payment is required to be made or are determined by the Trustee to be incomplete and/or inaccurate in any respect, the Trustee shall be entitled to withhold on any such payments
hereunder to the extent it is so required to withhold under Chapters 3, 4, or 61 of the Code, and shall have no obligation to gross up any such payment. 

ARTICLE 9 

AMENDMENTS, SUPPLEMENTS AND WAIVERS 

Section 9.01.    Without Consent of Holders. The Company and the Trustee may amend or supplement this
Indenture or the Securities of any series without notice to or the consent of any Holder: 
 (a)    to cure any
ambiguity, defect or inconsistency in this Indenture; provided that such amendments or supplements shall not materially and adversely affect the interests of the Holders; 

(b)    to comply with Article 5; 

(c)    to comply with any requirements of the Commission in connection with the qualification of this Indenture under the
Trust Indenture Act; 
 (d)    to evidence and provide for the acceptance of appointment hereunder with respect to the
Securities of any or all series by a successor Trustee 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 7.09; 

  
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 (e)    to establish the form or forms or terms of Securities of any
series or of the coupons appertaining to such Securities as permitted by Section 2.03; 
 (f)    to provide for
uncertificated or Unregistered Securities and to make all appropriate changes for such purpose; or 
 (g)    to make any
change that does not materially and adversely affect the rights of any Holder. 
 Section 9.02.    With Consent
of Holders. (a) Subject to Sections 6.04 and 6.07, without prior notice to any Holders, the Company and the Trustee may amend this Indenture and the Securities of any series with the written consent of the Holders of a majority in principal
amount of the outstanding Securities of each series affected by such amendment, and the Holders of a majority in principal amount of the outstanding Securities of each series affected thereby by written notice to the Trustee may waive future
compliance by the Company with any provision of this Indenture or the Securities of such series. 

(b)    Notwithstanding the provisions of this Section 9.02, without the consent of each Holder affected thereby, an
amendment or waiver, including a waiver pursuant to Section 6.04, may not: 
 (i)    change the
stated maturity of the Principal of, or any sinking fund obligation or any installment of interest on, such Holder’s Security or the times at which it may be redeemed or repurchased; 

(ii)    reduce the Principal amount thereof or the rate of interest thereon (including any amount in
respect of original issue discount); 
 (iii)    change the coin or currency in which any Security or
any premium or interest thereon is payable; 
 (iv)    impair the right to institute suit for the
enforcement of any such payment on or after the maturity thereof (or, in the case of redemption, on or after the redemption date); 

(v)    make any changes that would affect the ranking for the Securities in a manner adverse to the
Holders; 
 (vi)    reduce the above stated percentage of outstanding Securities the consent of whose
holders is necessary to modify or amend the Indenture with respect to the Securities of the relevant series; 

(vii)    reduce the percentage in principal amount of outstanding Securities of the relevant series the
consent of whose Holders is required for any supplemental indenture or for any waiver of compliance with certain provisions of this Indenture or certain Defaults and their consequences provided for in this Indenture; or 

  
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 (viii)    make any changes to this paragraph of
Section 9.02. 
 (c)    A supplemental indenture which changes or eliminates any covenant or other provision of
this Indenture which has expressly been included solely for the benefit of one or more particular series of Securities, or which modifies the rights of Holders of Securities of such series with respect to such covenant or provision, shall be deemed
not to affect the rights under this Indenture of the Holders of Securities of any other series or of the coupons appertaining to such Securities. 

(d)    It shall not be necessary for the consent of any Holder under this Section 9.02 to approve the particular form
of any proposed amendment, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 
 After an
amendment, supplement or waiver under this Section 9.02 becomes effective, the Company shall give to the Holders affected thereby a notice briefly describing the amendment, supplement or waiver. The Company will mail supplemental indentures to
Holders upon request. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture or waiver. 

Section 9.03.    Revocation and Effect of Consent. (a) Until an amendment or waiver becomes effective, a
consent to it by a Holder is a continuing consent by the Holder and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the Security of the consenting Holder, even if notation of the consent is not made on
any Security. 
 However, any such Holder or subsequent Holder may revoke the consent as to its Security or portion of its Security. Such
revocation shall be effective only if the Trustee receives the notice of revocation before the date the amendment, supplement or waiver becomes effective. An amendment, supplement or waiver shall become effective with respect to any Securities
affected thereby on receipt by the Trustee of written consents from the requisite Holders of outstanding Securities affected thereby. 

(b)    The Company may, but shall not be obligated to, fix a record date (which may be not less than five nor more than 60
days prior to the solicitation of consents) for the purpose of determining the Holders of the Securities of any series affected entitled to consent to any amendment, supplement or waiver. If a record date is fixed, then, notwithstanding the
immediately preceding paragraph, those Persons who were such Holders at such record date (or their duly designated proxies) and only those Persons shall be entitled to consent to such amendment, supplement or waiver or to revoke any consent
previously given, whether or not such Persons continue to be such Holders after such record date. No such consent shall be valid or effective for more than 90 days after such record date. 

  
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 (c)    After an amendment, supplement or waiver becomes effective with
respect to the Securities of any series affected thereby, it shall bind every Holder of such Securities unless it is of the type described in any of clauses Section 9.02 through (i) of Section 9.02. In case of an amendment or waiver
of the type described in clauses (a) through (i) of Section 9.02, the amendment or waiver shall bind each such Holder who has consented to it and every subsequent Holder of a Security that evidences the same indebtedness as the Security of
the consenting Holder. 
 Section 9.04.    Notation on or Exchange of Securities. If an amendment,
supplement or waiver changes the terms of any Security, the Trustee may require the Holder thereof to deliver it to the Trustee. The Trustee may place an appropriate notation on the Security about the changed terms and return it to the Holder and
the Trustee may place an appropriate notation on any Security of such series thereafter authenticated. Alternatively, if the Company or the Trustee so determines, the Company in exchange for the Security shall issue and the Trustee shall
authenticate a new Security of the same series and tenor that reflects the changed terms. 

Section 9.05.    Trustee to Sign Amendments, Etc. The Trustee shall receive, and shall be fully protected in
conclusively relying upon, (a) an Officers’ Certificate and (b) an Opinion of Counsel. The Opinion of Counsel shall state that the execution of any amendment, supplement or waiver authorized pursuant to this Article 9 is authorized or
permitted by this Indenture, that all requisite consents have been obtained or that no consents are required and that such supplemental indenture constitutes the legal, valid and binding obligation of the Company, enforceable against the Company in
accordance with its terms, subject to customary exceptions. The Trustee may, but shall not be obligated to, execute any such amendment, supplement or waiver that affects the Trustee’s own rights, duties or immunities under this Indenture or
otherwise. 
 Section 9.06.    Conformity with Trust Indenture Act. Every supplemental indenture executed
pursuant to this Article 9 shall conform to the requirements of the Trust Indenture Act as then in effect. 
 ARTICLE 10 

MISCELLANEOUS 

Section 10.01.    Trust Indenture Act of 1939. This Indenture shall incorporate and be governed by the
provisions of the Trust Indenture Act that are required to be part of and to govern indentures qualified under the Trust Indenture Act. 

Section 10.02.    Notices. (a) Any notice or communication shall be sufficiently given if written and
(i) if delivered in person when received or (ii) if mailed by first class mail 5 days after mailing, or (iii) as between the Company and the Trustee if sent by facsimile transmission, when transmission is confirmed, in each case
addressed as follows: 
 if to the Company: 

Verisk Analytics, Inc. 
 545
Washington Boulevard 
 Jersey City, NJ 07310-1686 

Telecopy: (201) 748-1429 

Attention: General Counsel 

  
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 if to the Trustee: 

Wells Fargo Bank, National Association 

150 East 42nd Street, 40th Floor 

New York, NY 10017 
 Attention:
Corporate Trust Services 
 (b)    The Company or the Trustee by written notice to the other may designate additional or
different addresses for subsequent notices or communications. 
 (c)    Any notice or communication shall be
sufficiently given to Holders of any Unregistered Securities, by mailing to the Holders thereof who have filed their names and addresses with the Trustee pursuant to Section 313(c)(2) of the Trust Indenture Act at such addresses as were so
furnished to the Trustee and to Holders of Registered Securities by mailing to such Holders at their addresses as they shall appear on the Security Register. Notice mailed shall be sufficiently given if so mailed within the time prescribed. Copies
of any such communication or notice to a Holder shall also be mailed to the Trustee and each Agent at the same time. 

(d)    Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with
respect to other Holders. Except as otherwise provided in this Indenture, if a notice or communication is mailed in the manner provided in this Section 10.02, it is duly given, whether or not the addressee receives it. 

(e)    Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled
to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any
action taken in reliance upon such waiver. 
 (f)    In case it shall be impracticable to give notice as herein
contemplated, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 

Section 10.03.    Certificate and Opinion as to Conditions Precedent. Upon any request or application by the
Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee: 
 (a)    an
Officers’ Certificate stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(b)    an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been
complied with. 

  
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 Section 10.04.    Statements Required in Certificate or
Opinion. Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than the certificate required by Section 4.04) shall include: 

(a)    a statement that each person signing such certificate or opinion has read such covenant or condition and the
definitions herein relating thereto; 
 (b)    a brief statement as to the nature and scope of the examination or
investigation upon which the statement or opinion contained in such certificate or opinion is based; 
 (c)    a
statement that, in the opinion of each such person, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(d)    a statement as to whether or not, in the opinion of each such person, such condition or covenant has been complied
with; provided, however, that, with respect to matters of fact, an Opinion of Counsel may rely on an Officers’ Certificate or certificates of public officials. 

Section 10.05.    Evidence of Ownership. (a) The Company, the Trustee and any agent of the Company or the
Trustee may deem and treat the Holder of any Unregistered Security and the Holder of any coupon as the absolute owner of such Unregistered Security or coupon (whether or not such Unregistered Security or coupon shall be overdue) for the purpose of
receiving payment thereof or on account thereof and for all other purposes, and neither the Company, the Trustee, nor any agent of the Company or the Trustee shall be affected by any notice to the contrary. The fact of the holding by any Holder of
an Unregistered Security, and the identifying number of such Security and the date of his holding the same, may be proved by the production of such Security or by a certificate executed by any trust company, bank, banker or recognized securities
dealer wherever situated satisfactory to the Trustee, if such certificate shall be deemed by the Trustee to be satisfactory. Each such certificate shall be dated and shall state that on the date thereof a Security bearing a specified identifying
number was deposited with or exhibited to such trust company, bank, banker or recognized securities dealer by the person named in such certificate. Any such certificate may be issued in respect of one or more Unregistered Securities specified
therein. The holding by the person named in any such certificate of any Unregistered Securities specified therein shall be presumed to continue for a period of one year from the date of such certificate unless at the time of any determination of
such holding (i) another certificate bearing a later date issued in respect of the same Securities shall be produced or (ii) the Security specified in such certificate shall be produced by some other Person, or (iii) the Security
specified in such certificate shall have ceased to be outstanding. Subject to Article 7, the fact and date of the execution of any such instrument and the amount and numbers of Securities held by the Person so executing such instrument may also be
proven in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or in any other manner which the Trustee may deem sufficient. 

  
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 (b)    The Company, the Trustee and any agent of the Company or the
Trustee may deem and treat the person in whose name any Registered Security shall be registered upon the Security Register for such series as the absolute owner of such Registered Security (whether or not such Registered Security shall be overdue
and notwithstanding any notation of ownership or other writing thereon) for the purpose of receiving payment of or on account of the Principal of and, subject to the provisions of this Indenture, interest on such Registered Security and for all
other purposes; and neither the Company nor the Trustee nor any agent of the Company or the Trustee shall be affected by any notice to the contrary. 

Section 10.06.    Rules by Trustee, Paying Agent or Registrar. The Trustee may make reasonable rules for
action by or at a meeting of Holders. The Paying Agent or Registrar may make reasonable rules for its functions. 

Section 10.07.    Payment Date Other Than a Business Day. Except as otherwise provided with respect to a
series of Securities, if any date for payment of Principal or interest on any Security shall not be a Business Day at any place of payment, then payment of Principal of or interest on such Security, as the case may be, need not be made on such date,
but may be made on the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date. 

Section 10.08.    Governing Law; Waiver of Jury Trial. The laws of the State of New York shall govern this
Indenture and the Securities, without regard to conflicts of laws principles thereof. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTION CONTEMPLATED HEREBY. 

Section 10.09.    No Adverse Interpretation of Other Agreements. This Indenture may not be used to interpret
another indenture or loan or debt agreement of the Company or any Subsidiary of the Company. Any such indenture or agreement may not be used to interpret this Indenture. 

Section 10.10.    Successors. All agreements of the Company in this Indenture and the Securities shall bind
their successors. All agreements of the Trustee in this Indenture shall bind its successors. 

Section 10.11.    Duplicate Originals. The parties may sign any number of copies of this Indenture. Each
signed copy shall be an original, but all of them together represent the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this
Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

  
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 Section 10.12.    Separability. In case any provision in
this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 10.13.    Table of Contents, Headings, Etc. The Table of Contents and headings of the Articles and
Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part hereof and shall in no way modify or restrict any of the terms and provisions hereof. 

Section 10.14.    Incorporators, Stockholders, Officers and Directors of Company Exempt From Individual
Liability. No recourse under or upon any obligation, covenant or agreement contained in this Indenture or any indenture supplemental hereto, or in any Security or any coupons appertaining thereto or because of any indebtedness evidenced thereby,
shall be had against any incorporator, as such or against any past, present or future stockholder, officer, director or employee, as such, of the Company or of any successor thereof, either directly or through the Company or of any successor
thereof, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the
Securities and the coupons appertaining thereto by the holders thereof and as part of the consideration for the issue of the Securities and the coupons appertaining thereto. 

Section 10.15.    Judgment Currency. The Company agrees, to the fullest extent that it may effectively do so
under applicable law, that (a) 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 interest on the Securities of any series (the “Required Currency”)
into a currency in which a judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the
Required Currency with the Judgment Currency on the day on which final unappealable judgment is entered, unless such day is not a Business Day, then, to the extent permitted by applicable law, the rate of exchange used shall be the rate at which in
accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the Business Day preceding the day on which final unappealable judgment is entered and (b) its
obligations under this Indenture to make payments in the Required Currency (i) shall not be discharged or satisfied by any tender, or any recovery pursuant to any judgment (whether or not entered in accordance with subsection (a)), 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,
(ii) 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 (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture. 

  
 55 

 Section 10.16.    Force Majeure. In no event shall the
Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages,
accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being
understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

Section 10.17.    U.S.A. Patriot Act. The parties hereto acknowledge that in accordance with Section 326
of the U.S.A. Patriot Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that
establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the U.S.A.
Patriot Act. 

  
 56 

 SIGNATURES 

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

 

													
	Attest:	 	 VERISK ANALYTICS, INC.,
 as the
Company

					
	By:	 	/s/ Lee M. Shavel	 		 	By:	 	/s/ Kenneth E. Thompson
		 	Name:	 	Lee M. Shavel	 		 		 	Name:	 	Kenneth E. Thompson
		 	Title:	 	Executive Vice President and Chief Financial Officer	 		 		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary

 
					
	 WELLS FARGO BANK NATIONAL ASSOCIATION,

as the Trustee

		
	By:	 	/s/ Stefan Victory
		 	Name:	 	Stefan Victory
		 	Title:	 	Vice PresidentEX-4.2

 Exhibit 4.2 

FIRST SUPPLEMENTAL INDENTURE 

Dated as of March 6, 2019 

To 
 INDENTURE 

Dated as of March 6, 2019 

4.125% SENIOR NOTES DUE 2029 

VERISK ANALYTICS, INC., 

As the Company 
 AND

 WELLS FARGO BANK, NATIONAL ASSOCIATION, 

As Trustee 

 TABLE OF CONTENTS 

 

					
	 	  	PAGE	 
	ARTICLE 1	  	 	 
		
	DEFINITIONS AND INCORPORATION BY REFERENCE	  	 	 
		
	 Section 1.01. Relationship with Base Indenture
	  	 	1	 
	 Section 1.02. Definitions
	  	 	1	 
		
	ARTICLE 2	  	 	 
	THE NOTES	  	 	 
		
	 Section 2.01. Form and Dating
	  	 	7	 
	 Section 2.02. Issuance of Additional Notes
	  	 	9	 
		
	ARTICLE 3	  	 	 
	REDEMPTION AND PREPAYMENT	  	 	 
		
	 Section 3.01. Notice of Redemption; Selection of Securities
	  	 	9	 
	 Section 3.02. Notes Redeemed in Part
	  	 	9	 
	 Section 3.03. Optional Redemption
	  	 	9	 
	 Section 3.04. Mandatory Redemption
	  	 	10	 
		
	ARTICLE 4	  	 	 
	PARTICULAR COVENANTS	  	 	 
		
	 Section 4.01. Limitation on Liens
	  	 	10	 
	 Section 4.02. Limitation on Sale/Leaseback Transactions
	  	 	12	 
	 Section 4.03. Offer to Purchase Upon Change of Control Repurchase Event
	  	 	13	 
		
	ARTICLE 5	  	 	 
	DEFAULTS	  	 	 
		
	 Section 5.01. Defaults
	  	 	14	 
		
	ARTICLE 6	  	 	 
	SUPPLEMENTAL INDENTURES	  	 	 
		
	 Section 6.01. Supplemental Indentures
	  	 	15	 
		
	ARTICLE 7	  	 	 
	MISCELLANEOUS	  	 	 
		
	 Section 7.01. Trust Indenture Act Controls
	  	 	16	 
	 Section 7.02. Governing Law
	  	 	16	 
	 Section 7.03. Successors
	  	 	16	 
	 Section 7.04. Severability
	  	 	16	 
	 Section 7.05. Counterpart Originals
	  	 	16	 

  

					
	 Section 7.06. Table of Contents, Headings, Etc.
	  	 	16	 
	 Section 7.07. Validity or Sufficiency of Supplemental Indenture
	  	 	16	 
	 Section 7.08. Waiver of Jury Trial
	  	 	16	 

  

  

 FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
March 6, 2019, between Verisk Analytics, Inc., a Delaware corporation, as the Company (the “Company”) and Wells Fargo Bank, National Association, a national banking association, as Trustee (the “Trustee”). 

WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture dated as of March 6, 2019 (the “Base
Indenture”), providing for the issuance from time to time of one or more series of the Company’s senior notes. 
 WHEREAS, the
Company desires and has requested the Trustee pursuant to Section 9.01 of the Base Indenture to join with it in the execution and delivery of this Supplemental Indenture in order to supplement the Base Indenture as and to the extent set forth
herein to provide for the issuance and the terms of the Notes (as defined below). 
 WHEREAS, the execution and delivery of this
Supplemental Indenture has been duly authorized by a resolution of the Board of Directors of the Company. 
 WHEREAS, all conditions and
requirements necessary to make this Supplemental Indenture a valid, binding and legal instrument in accordance with its terms have been performed and fulfilled by the parties hereto and the execution and delivery thereof have been in all respects
duly authorized by the parties hereto. 
 NOW, THEREFORE, the Company and the Trustee agree as follows for the benefit of each other and for
the equal and ratable benefit of the Holders (as defined herein) of the 4.125% Senior Notes due 2029 (the “Notes”): 

ARTICLE 1 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01. Relationship with Base Indenture. The terms and provisions contained in the Base Indenture will constitute, and are
hereby expressly made, a part of this Supplemental Indenture and the Company and the Trustee, by their execution and delivery of this Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the
extent any provision of the Base Indenture conflicts with the express provisions of this Supplemental Indenture, the provisions of this Supplemental Indenture will govern and be controlling in respect of the Notes. 

The Trustee accepts the amendment of the Base Indenture effected by this Supplemental Indenture and agrees to execute the trust created by the
Base Indenture as hereby amended, but only upon the terms and conditions set forth in this Supplemental Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee in the performance of the
trust created by the Base Indenture. 
 Section 1.02. Definitions. Capitalized terms used herein without definition shall have
the respective meanings set forth in the Base Indenture. The following terms have the meanings given to them in this Section 1.02: 
  

  

 “Additional Notes” has the meaning assigned to such term in
Section 2.02(a) hereof. 
 “Attributable Debt” means, when used in connection with a Sale/Leaseback Transaction, at
the time of determination, the lesser of: 
 (1) the fair value of such property (as determined in good faith by the Board of Directors of
the Company), and 
 (2) the present value of the total net amount of rent required to be paid under the lease related to such property
during the remaining term thereof (including any renewal term or period for which such lease has been extended), discounted at the rate of interest set forth or implicit in the terms of such lease, compounded semi-annually as determined by the
Company’s principal accounting or financial officer. 
 “Base Indenture” has the meaning set forth in the preamble to
this Supplemental Indenture, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof. 

“Business Day” means any day that is not a Saturday, a Sunday or a day on which banking institutions are not required to be
open in the State of New York. 
 “Change of Control” means: 

(1) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any
“Person” or “group” of related Persons (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934) becomes the “beneficial owner” (as defined in Rules
13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that such Person or group shall be deemed to have “beneficial ownership” of all shares that
any such Person or group has the right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of more than 50% of the total voting power of the Company’s Voting Stock (for the
purposes of this clause, such Person or group shall be deemed to beneficially own any of the Company’s Voting Stock held by a parent entity if such Person or group is the “beneficial owner,” directly or indirectly, of a majority of
the voting power of the Voting Stock of such parent entity); or 
 (2) the Company consolidates with, or merges with or into, any Person, or
any Person consolidates with, or merges with or into the Company, in any such event pursuant to a transaction in which any the Company’s outstanding Voting Stock or the outstanding Voting Stock of such other Person is converted into or
exchanged for cash, securities or other property, other than any such transaction where the shares of the Company’s Voting Stock outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of
the Voting Stock of the surviving Person immediately after giving effect to such transaction; or 

  
 2 

 (3) the direct or indirect sale, lease, transfer, conveyance or other disposition (other
than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the Company’s assets and the assets of the Company’s subsidiaries taken as a whole to any “Person” (as such term
is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934) other than to the Company or one of its subsidiaries; or 
 (4)
the adoption by the Company’s stockholders of a plan or proposal for the Company’s liquidation or dissolution. 
 Notwithstanding
the foregoing, a transaction will not be considered to be a Change of Control if (a) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and (b) immediately following that transaction, (1) the direct
or indirect holders of the Voting Stock of the holding company are substantially the same as the holders of the Company’s Voting Stock immediately prior to that transaction or (2) no Person or group is the beneficial owner, directly or
indirectly, of more than a majority of the Voting Stock of the holding company. 
 “Change of Control Offer” has the
meaning assigned to such term in Section 4.03 hereof. 
 “Change of Control Payment” has the meaning assigned to such
term in Section 4.03 hereof. 
 “Change of Control Payment Date” has the meaning assigned to such term in
Section 4.03 hereof. 
 “Change of Control Repurchase Event” means the occurrence of both a Change of Control and a
Rating Decline. 
 “Common Stock” of any Person means any and all shares, interests or other participations in, and other
equivalents (however designated and whether voting or non-voting) of, such Person’s common stock, and includes, without limitation, all series and classes of such Common Stock. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having
a maturity comparable to the remaining term of the Notes to be redeemed that would be used, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to
the remaining term of the Notes. 
 “Comparable Treasury Price” means, with respect to any date of redemption, the
Reference Treasury Dealer Quotations for that date of redemption. 
 “Consolidated Total Assets” means the total assets of
the Company and its consolidated subsidiaries, as set forth on the Company’s most recent consolidated balance sheet, as determined under GAAP. 

“default” means any event that is, or after notice or passage of time or both would be, an Event of Default under the
Indenture. 

  
 3 

 “Depositary” means, with respect to the Notes issuable or issued in whole
or in part in global form, the Person specified in Section 2.01 hereof as the Depositary with respect to the Notes, and any and all successors thereto appointed as depositary hereunder and having become such pursuant to the applicable provision
of this Supplemental Indenture. 
 “DTC” has the meaning assigned to such term in Section 2.01(c) hereof. 

“Fitch” means Fitch Inc., a subsidiary of Fimalac, S.A., and its successors. 

“GAAP” means with respect to any computations required or permitted under the Indenture, generally accepted accounting
principles in effect in the United States as in effect from time to time; provided, however if the Company is required by the SEC to adopt (or is permitted to adopt and so adopts) a different accounting framework, including but not
limited to the International Financial Reporting Standards, “GAAP” shall mean such new accounting framework as in effect from time to time, including, without limitation, in each case, those accounting principles set forth in the opinions
and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as
approved by a significant segment of the accounting profession. 
 “Global Note Legend” means the legend set forth in
Section 2.01(f) hereof, which is required to be placed on all Global Notes issued under this Supplemental Indenture. 
 “Global
Notes” means, individually and collectively, each of the Global Notes, in the form of Exhibit A hereto issued in accordance with Section 2.01 hereof. 

“Guarantor” means any entity that guarantees the payment of the Notes pursuant to a supplement to the Base Indenture. 

“Holder” means a Person in whose name a Note is registered. 

“Indenture” means the Base Indenture, as supplemented by this Supplemental Indenture, governing the Notes, together, as
amended, supplemented or restated from time to time. 
 “Independent Investment Banker” means the Reference Treasury Dealer
appointed by the Company. 
 “Indirect Participant” means a Person who holds a beneficial interest in a Global Note through
a Participant. 
 “Initial Notes” means the first $400,000,000 aggregate principal amount of the Notes issued under this
Supplemental Indenture on the date hereof. 

  
 4 

 “Investment Grade” means BBB- or
higher by S&P and Baa3 or higher by Moody’s, BBB- or higher by Fitch and BBB- or the equivalent of such ratings by S&P, Fitch or Moody’s, if S&P,
Fitch or Moody’s shall not make a rating on the Notes publicly available, another Rating Agency. 
 “ISO” means
Insurance Services Office, Inc., a Delaware corporation. 
 “Lien” means a mortgage, security interest, pledge, lien,
charge or other encumbrance. 
 “Moody’s” means Moody’s Investors Service, Inc., a subsidiary of Moody’s
Corporation, and its successors. 
 “Notes” has the meaning assigned to it in the preamble to this Supplemental Indenture.

 “Participant” means, with respect to the Depositary, a Person who has an account with the Depositary. 

“Permitted Liens” has the meaning assigned to it in Section 4.01 hereof. 

“Permitted Subsidiary Acquisition Indebtedness” means indebtedness of any subsidiary of the Company which is: 

(a) owed by any Person at the time (i) such Person becomes a subsidiary of or is merged with or into the Company or a subsidiary of the
Company or (ii) a subsidiary acquires any property from such Person and which indebtedness is expressly assumed by such subsidiary at the time of such acquisition; provided that (A) such indebtedness was not created, incurred, or assumed
by such Person or such subsidiary in contemplation of such acquisition, (B) in the event such indebtedness shall be guaranteed, such guarantee shall be unsecured and shall be given by ISO and/or the Company, and (C) the principal amount of
such indebtedness shall not be increased at any time after it is first acquired or assumed, as applicable, or 
 (b) incurred by such
subsidiary to finance or to refinance such acquisition; provided that (i) such indebtedness shall be incurred substantially simultaneously with the consummation of such acquisition, (ii) the principal amount of such indebtedness incurred
in connection with such acquisition shall not be increased at any time after it is first incurred, (iii) the principal amount of such indebtedness (together with any accrued interest thereon and closing costs relating thereto) shall at no time
exceed one hundred percent (100%) of the original purchase price of such acquisition, and (iv) in the event such indebtedness shall be guaranteed, such guarantee shall be unsecured and shall be given by ISO and/or the Company. 

“Property” means any property or asset, whether real, personal or mixed, or tangible or intangible, including shares of
capital stock. 

  
 5 

 “Rating Agency” means each of S&P, Fitch and Moody’s or, to the
extent S&P, Fitch or Moody’s do not make a rating on the Notes publicly available, a “nationally recognized statistical rating organization” (as such term is defined in Section 3(a)(62) of the Exchange Act) or
“organizations”, as the case may be, selected by the Company (as certified by a resolution of the Company’s Board of Directors), which shall be substituted for S&P, Fitch or Moody’s, as the case may be. 

“Rating Decline” means the Notes are rated below Investment Grade by all of the Rating Agencies on any date during the period
from the date 60 days prior to the first public notice of an arrangement that could result in a Change of Control until the end of the 60 day period following the consummation of such Change of Control (which period will be extended following the
consummation of such Change of Control for so long as any Rating Agency has publicly announced that it is considering a possible downgrade in its rating of the Notes). 

“Reference Treasury Dealer” means each of HSBC Securities (USA) Inc. and Merrill Lynch, Pierce, Fenner & Smith
Incorporated and their respective successors and two other nationally recognized investment banking firms that are primary U.S. Government securities dealers (a “Primary Treasury Dealer”) specified from time to time by the Company
so long as the entity is a primary U.S. Government securities dealer. 
 “Reference Treasury Dealer Quotations” means, with
respect to each Reference Treasury Dealer and any date of redemption, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in
writing to the Company by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day preceding that date of redemption, after excluding the highest and lowest of such quotations, unless the Company obtains fewer than
four such quotations, in which case the average of all of such quotations. 
 “Remaining Scheduled Payments” means, with
respect to the Notes to be redeemed, the remaining scheduled payments of the principal thereof and interest thereon that would be due after the related date of redemption therefor; provided, however, that, if that date of redemption is not an
interest payment date with respect to the Note, the amount of the next succeeding scheduled interest payment thereon will be reduced by the amount of interest accrued thereon to that date of redemption. 

“S&P” means S&P Global Ratings, a division of S&P Global Inc., and its successors. 

“Sale/Leaseback Transaction” means an arrangement relating to property now owned or hereafter acquired whereby either the
Company transfers, or any of its subsidiaries transfers, such property to a Person and either the Company or any of its subsidiaries leases it back from such Person. 

  
 6 

 “subsidiary” means, with respect to any Person, any corporation,
association, partnership or other business entity of which more than 50% of the total voting power of shares of 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 at the time owned or controlled, directly or indirectly, by (a) such Person, (b) such Person and one or more subsidiaries of such Person or (c) one or more subsidiaries of
such Person. 
 “Supplemental Indenture” means this First Supplemental Indenture, dated as of the date hereof, by and
between the Company and the Trustee, governing the Notes, as amended, supplemented or otherwise modified from time to time in accordance with the Base Indenture and the terms hereof. 

“Treasury Rate” means, with respect to any date of redemption, the rate per annum equal to the semi-annual equivalent yield
to maturity, computed as of the third Business Day immediately preceding that date of redemption, of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for that date of redemption. 
 “Voting Stock” of any specified Person as of any date means the
capital stock of such Person that is at the time entitled to vote generally in the election of the board of directors of such Person. With respect to the Company, references to “Voting Stock” shall refer to the Company’s Class A
Common Stock, par value $0.001 per share. 
 ARTICLE 2 

THE NOTES 

Section 2.01. Form and Dating. (a) The Notes and the Trustee’s certificate of authentication included thereon will be
substantially in the form of Exhibit A hereto. The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage. Each Note will be dated the date of its authentication. The Notes will initially be issued in
the form of one or more Registered Global Securities, without coupons, in minimum denominations of $2,000 with integral multiples of $1,000 in excess thereof. 

(b) The terms and provisions contained in the Notes will constitute, and are hereby expressly made, a part of this Supplemental Indenture, and
the Company and the Trustee, by their execution and delivery of this Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent any provision of this Supplemental Indenture or any Note
conflicts with the express provisions of the Base Indenture, the provisions of this Supplemental Indenture or the Notes, as the case may be, will govern and be controlling. 

(c) Notes issued in global form will be substantially in the form of Exhibit A attached hereto (including the Global Note Legend
thereon). Each Global Note will represent such of the outstanding Notes and each will provide that it will represent the aggregate principal amount of the outstanding Notes from time to time endorsed thereon

  
 7 

 
and that the aggregate principal amount of the outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any
endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of the outstanding Notes represented thereby will be made by the Trustee or the custodian of the Notes, at the direction of the Trustee,
in accordance with written instructions given by the Holder thereof as required by Section 2.02 hereof. The Company initially appoints The Depository Trust Company (“DTC”) to act as Depositary with respect to the Global Notes.

 (d) The Notes shall not be exchangeable for or convertible into the common stock of the Company or any other security. 

(e) The Company will not pay additional amounts on the Notes held by a person who is not a U.S. person in respect of any tax, assessment or
governmental charge withheld or deducted. 
 (f) The following legends will appear on the face of all Global Notes issued under this
Supplemental Indenture. 
 “THIS SECURITY IS A REGISTERED GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL PURPOSES. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”) TO THE COMPANY OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE &
CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, BY THE DEPOSITARY
TO A NOMINEE OF THE DEPOSITARY, OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY, OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.” 

  
 8 

 Section 2.02. Issuance of Additional Notes. 

(a) The Company will be entitled, upon delivery of an Officers’ Certificate and an Opinion of Counsel, to issue additional Notes under
this Supplemental Indenture which will have identical terms as the Initial Notes issued on the date hereof, other than with respect to the date of issuance, the issue price and, in some cases, the first interest payment date (“Additional
Notes”); provided that the Company is in compliance with the covenants contained in the Base Indenture and this Supplemental Indenture. The Initial Notes issued on the date hereof and any Additional Notes issued shall be treated as a
single class for all purposes under the Base Indenture and this Supplemental Indenture; provided that if such Additional Notes are not fungible with the Initial Notes for U.S. federal income tax purposes, such Additional Notes will have a
separate CUSIP number. 
 (b) With respect to any Additional Notes, the Company will set forth in a resolution of its Board of Directors and
an Officers’ Certificate, a copy of each which will be delivered to the Trustee, the following information: 
 (i) the
aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this Supplemental Indenture; and 

(ii) the issue price, the issue date, the initial interest payment date and the CUSIP number of such Additional Notes. 

ARTICLE 3 

REDEMPTION AND PREPAYMENT 

Section 3.01. Notice of Redemption; Selection of Securities. The Company will send by first class mail (or otherwise transmit in
accordance with DTC procedures) notice of any redemption at least 10 days but not more than 60 days before the date of redemption to each Holder of the Notes to be redeemed setting forth the information to be stated in such notice as provided in
Article 3 of the Base Indenture. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by the Trustee by such method as the Trustee deems to be fair and appropriate and in accordance with the procedures of the
Depositary. 
 Section 3.02. Notes Redeemed in Part. No Notes of principal amount of $2,000 or less may be redeemed in part.

 Section 3.03. Optional Redemption. (a) At any time and from time to time prior to December 15, 2028, the Company
may redeem the Notes, at its option, in whole or in part, at a redemption price equal to the greater of the following amounts, plus, in each case, accrued and unpaid interest, if any, on the principal amount of the Notes being redeemed to, but
excluding, the date of redemption (subject to the right of the holders of record on the relevant record date to receive interest due on the relevant interest payment date): 

(i) 100% of the principal amount of the Notes to be redeemed; and 

  
 9 

 (ii) the sum of the present values of the Remaining Scheduled Payments of
the Notes to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate
plus 25 basis points; 
 (b) At any time and from time to time on or after December 15, 2028, the Company may redeem the Notes, at its
option, in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, on the principal amount of the Notes being redeemed to, but excluding, the date of
redemption (subject to the right of the holders of record on the relevant record date to receive interest due on the relevant interest payment date). 

(c) If the date of redemption is on or after an interest record date and on or before the related interest payment date, the accrued and unpaid
interest, if any, will be paid to the Person in whose name the Note is registered at the close of business on such interest record date, and no additional interest is payable to Holders whose Notes will be subject to redemption by the Company.
Unless the Company defaults in payment of the redemption price, on and after the date of redemption, interest shall cease to accrue on the Notes being redeemed or the portions thereof called for redemption. 

Section 3.04. Mandatory Redemption. The Company is not required to make any mandatory redemption or sinking fund payments with
respect to the Notes. 
 ARTICLE 4 

PARTICULAR COVENANTS 

Section 4.01. Limitation on Liens. (a) The Company will not, and will not permit any of its subsidiaries to create, assume,
incur or permit to exist any Lien on any of its or such subsidiaries’ property or assets, whether owned on the date of issuance of the Notes or thereafter acquired, or upon any income or profits therefrom, in order to secure any of its
indebtedness or that of its subsidiaries, unless the Notes are at least equally and ratably secured with such secured indebtedness (together with, if the Company so determines, any other indebtedness of or guaranty by the Company or such subsidiary
then existing or thereafter created that is not subordinated to the Notes) for so long as such other indebtedness is so secured; provided, however, that the above restrictions shall not apply to the following (the “Permitted
Liens”): 
 (i) Liens on property or other assets of any Person existing at the time such Person becomes a
subsidiary, provided that such Lien was not incurred in anticipation of such Person becoming a subsidiary; 
 (ii) Liens in
respect of Permitted Subsidiary Acquisition Indebtedness; provided that (i) each such Lien (A) shall be created substantially simultaneously with the acquisition of the related property or properties or (B) shall have existed on any
property of a Person (1) at the time such Person becomes a subsidiary of or is merged with or into the Company or its subsidiary or (2) at the time a subsidiary acquires such property from such Person, and, in the case of each of

  
 10 

 
the foregoing clauses (1) and (2), such Lien shall not have been created in contemplation of such acquisition, and (ii) no such Lien at any time shall encumber any property or
properties other than the related property or properties financed by such Permitted Subsidiary Acquisition Indebtedness and the proceeds thereof; 

(iii) Liens on property or assets to secure any indebtedness incurred prior to, at the time of, or within 270 days after, the
acquisition of such property or in the case of real property, the completion of construction, the completion of improvements or the beginning of substantial commercial operation of such real property for the purpose of financing all or any part of
the purchase price of such real property, the construction thereof or the making of improvements thereto; 
 (iv) Liens in
the Company’s favor or in favor of any Guarantor of the Notes; 
 (v) Liens existing on the date of issuance of the
Notes; 
 (vi) Liens on property or other assets of a Person existing at the time the Person is merged into or consolidated
with the Company or any of its subsidiaries or at the time of a sale, lease or other disposition of the properties of a Person as an entirety or substantially as an entirety to either the Company or any of its subsidiaries provided that such
Lien was not incurred in anticipation of the merger or consolidation or sale, lease or other disposition; 
 (vii)
extensions, renewals or replacements (or successive extensions, renewals or replacements) in whole or in part of any Lien referred to above without increase of the principal of the indebtedness (plus any premium or fee payable in connection with any
such extension, renewal or replacement) secured by the Lien; provided, however, that any Permitted Liens shall not extend to or cover any of the Company’s or its subsidiaries’ property, as the case may be, other than the property
specified in the foregoing clauses and improvements to this property; and 
 (viii) Liens arising in connection with trade
letters of credit issued for the Company’s account or the account of a subsidiary securing the reimbursement obligations in respect of such letters of credit, provided, that such Liens encumber only the property being acquired through
payments made under such letters of credit or the documents of title and shipping and insurance documents relating to such property. 
 (b)
Notwithstanding Section 4.01(a) the Company and any of its subsidiaries may create, assume, incur or guarantee indebtedness secured by a Lien without equally and ratably securing the Notes; provided that at the time of such creation,
assumption, incurrence or guarantee, after giving effect thereto and to the retirement of any indebtedness that is concurrently being retired, the sum of (a) the aggregate amount of all outstanding indebtedness secured by Liens other than
Permitted Liens, and (b) the Attributable Debt of all of the Company’s and its subsidiaries’ Sale/Leaseback Transactions permitted by Section 4.02(b)(v) does not at such time exceed 7.5% of Consolidated Total Assets. 

  
 11 

 Section 4.02. Limitation on Sale/Leaseback Transactions. (a) The Company
will not, and will not permit any of its subsidiaries to, enter into any Sale/Leaseback Transaction with respect to any real or personal property, whether now owned or hereafter acquired by the Company or any of its subsidiaries, unless: 

(i) The Company or such subsidiary would, at the time of entering into such arrangement, be able to incur indebtedness secured
by a Lien on the property involved in the transaction at least equal in amount to the Attributable Debt with respect to such Sale/Leaseback Transaction, without equally and ratably securing the Notes under Section 4.01 above; or 

(ii) the net proceeds of the sale of the property to be leased are at least equal to such property’s fair market value, as
determined by the Company’s Board of Directors, and the proceeds are applied within 270 days of the effective date of the Sale/Leaseback Transaction to the purchase, construction, development or acquisition of assets or to the repayment of any
of the Company’s indebtedness that ranks equally with the Notes or any indebtedness of the Company’s subsidiaries. 
 (b)
Notwithstanding Section 4.02(a), the Company shall be permitted to enter into Sale/Leaseback Transactions, without complying with the requirements of Section 4.02(a) above, if: 

(i) the Sale/Leaseback Transaction was entered into prior to the date of issuance of the Notes; 

(ii) the Sale/Leaseback Transaction is between the Company and any wholly-owned subsidiary of the Company, or between
wholly-owned subsidiaries of the Company; 
 (iii) the Sale/Leaseback Transaction involves leases for a period of no longer
than three years; 
 (iv) the Sale/Leaseback Transaction is one in which the lease for the property or asset is entered into
within 180 days after the date of acquisition, completion of construction or commencement of full operations of such property or asset, whichever is latest; or 

(v) after giving effect thereto, the aggregate amount of all Attributable Debt with respect to Sale/Leaseback Transactions
existing at such time that could not have been entered into except for the provisions described in this paragraph, together with the aggregate amount of all outstanding indebtedness secured by Liens permitted under Section 4.01(b) above, does
not exceed 7.5% of Consolidated Total Assets. 

  
 12 

 Section 4.03. Offer to Purchase Upon Change of Control Repurchase Event.
(a) With respect to the Notes, upon the occurrence of a Change of Control Repurchase Event, each Holder shall have the right to require the Company to purchase such Holder’s Notes in whole or in part (equal to $2,000 or an integral
multiple of $1,000 in excess thereof) at a purchase price equal to 101% of the principal amount of such Notes, plus accrued and unpaid interest, if any, to the date of repurchase (subject to the rights of Holders of record on the relevant interest
record date to receive interest due on the relevant interest payment date), pursuant to and in accordance with the offer described in this Section 4.03, provided that after giving effect to the purchase, any Notes that remain outstanding
shall have a denomination of $2,000 or integral multiples of $1,000 in excess thereof. 
 (b) Within 30 days following any Change of Control
Repurchase Event, unless the Company has exercised its right to redeem all of the Notes pursuant to Section 3.03 hereof, the Company shall send by first class mail (or otherwise transmit in accordance with DTC procedures) a notice (the
“Change of Control Offer”) to each Holder of Notes, with a copy to the Trustee, which notice shall state: 

(i) that such Change of Control Repurchase Event has occurred and that such Holder has the right to require the Company to
repurchase such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount of such Notes plus accrued and unpaid interest, if any, to the date of repurchase (subject to the rights of Holders of record on the relevant
interest record date to receive interest due on the relevant interest payment date) (the “Change of Control Payment”); 

(ii) the date of repurchase, which shall be a Business Day that is no earlier than 30 days nor later than 60 days from the date
the Change of Control Offer is mailed (or otherwise transmitted in accordance with DTC procedures), other than as may be required by law (the “Change of Control Payment Date”); 

(iii) the procedures determined by the Company, consistent with the Indenture, that a Holder must follow in order to have its
Notes called for redemption to be repurchased; and 
 (iv) if the notice is mailed (or otherwise transmitted in accordance
with DTC procedures) prior to the date of consummation of the Change of Control, that the Change of Control Offer is conditioned upon the Change of Control being consummated on or prior to the Change of Control Payment Date. 

(c) On the Change of Control Payment Date, the Company shall, to the extent lawful, accept for payment, all Notes called for redemption or
portions thereof validly tendered and not withdrawn pursuant to the Change of Control Offer, and shall deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all such Notes or portions of such Notes so tendered.
The Company shall also deliver or cause to be delivered to the Trustee the Notes so accepted together with an Officers’ Certificate stating the aggregate principal amount of the Notes called for redemption or

  
 13 

 
portions of such Notes being repurchased by the Company. The Paying Agent shall promptly mail (or otherwise transmit in accordance with DTC procedures) to each tendering Holder the Change of
Control Payment for the Notes called for redemption tendered by such Holder and accepted by the Company for purchase, and the Trustee, upon receipt of a Company Order, shall promptly authenticate and mail (or cause to be transferred by book-entry)
to each Holder a new Note equal in principal amount to any unpurchased portion of the Note surrendered, if any, provided that each such new Note shall be in a principal amount of $2,000 and integral multiples of $1,000 in excess thereof. 

(d) If the Change of Control Payment Date is on or after an interest record date and on or before the related interest payment date, any
accrued and unpaid interest, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such interest record date, and no additional interest will be payable to Holders who tender pursuant to the Change of
Control Offer. 
 (e) Holders of the Notes electing to have such Notes purchased pursuant to a Change of Control Offer will be required to
surrender such Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of such Note completed, to the Paying Agent at the address specified in the notice, or transfer their Notes to the Paying Agent by book-entry
transfer pursuant to the applicable procedures of the Paying Agent, prior to the close of business on the third Business Day prior to the Change of Control Payment Date. 

(f) The Company shall comply with the requirements of Rule 14e-1 under the Exchange Act in connection
with the repurchase of all Notes pursuant to a Change of Control Offer hereunder. To the extent the provisions of any securities laws or regulations conflict with the provisions of the Indenture, the Company shall comply with the applicable
securities laws and regulations and shall not be deemed to have breached its obligations under the Indenture by virtue of such conflict. 

(g) The Company shall not be required to make a Change of Control Offer if a third party makes such an offer in the manner and at the times
required and otherwise in compliance with the requirements for such an offer made by the Company, and such third party purchases all Notes validly tendered and not withdrawn under its offer. 

ARTICLE 5 
 DEFAULTS

 Section 5.01. Defaults. In addition to the Events of Default described in the Base Indenture, the following shall constitute
an “Event of Default” under this Supplemental Indenture: 
 (a) (i) a failure to make any payment at maturity, including any
applicable grace period, on any of the Company’s or a Guarantor’s indebtedness in an amount in excess of $50 million and continuance of this failure to pay or (ii) a default on any of the Company’s or any Guarantor’s
indebtedness, which default results in the acceleration of 

  
 14 

 
indebtedness in an amount in excess of $50 million without such indebtedness having been discharged or the acceleration having been cured, waived, rescinded or annulled, for a period of, in
the case of clause (i) or (ii) above, 30 days or more after written notice thereof to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the outstanding Securities;
provided, however, that if the failure, default or acceleration referred to in clause (i) or (ii) above shall cease or be cured, waived, rescinded or annulled, then the Event of Default shall be deemed cured. 

ARTICLE 6 

SUPPLEMENTAL INDENTURES 

Section 6.01. Supplemental Indentures.  

(a) Clause (b) of Section 8.11 of the Base Indenture shall be amended to read in its entirety as follows: 

“For certain payments made pursuant to this Indenture, the Trustee may be required to make a “reportable payment” or
“withholdable payment” and in such cases the Trustee shall have the duty to act as a payor or withholding agent, respectively, that is responsible for any tax withholding and reporting required under Chapters 3, 4, and 61 of the Code. The
Trustee shall have the sole right to make the determination as to which payments are “reportable payments” or “withholdable payments.” The Trustee shall have the right to reasonably request from any party to this Indenture, or
any other Person entitled to payment hereunder, any forms, documentation or other information as may be reasonably necessary for the Trustee to satisfy its reporting and withholding obligations under Chapters 3, 4, and 61 of the Code. To the extent
any such forms to be delivered under this Section 8.11 are not provided prior to or by the time the related payment is required to be made or are determined by the Trustee to be incomplete and/or inaccurate in any respect, the Trustee shall be
entitled to withhold on any such payments hereunder to the extent it is so required to withhold under Chapters 3, 4, or 61 of the Code, and shall have no obligation to gross up any such payment.” 

(b) Section 4.03 of the Base Indenture shall be amended to read in its entirety as follows:  

“Securityholders’ Lists. The Company will furnish or cause to be furnished to the Trustee a list in such form as
the Trustee may reasonably require of the names and addresses of the holders of the Securities pursuant to Section 312 of the Trust Indenture Act of 1939 (a) semi-annually not more than 15 days after each record date for the payment of
semi-annual interest on the Securities, as hereinabove specified, as of such record date, and (b) at such other times as the Trustee may request in writing, within thirty days after receipt by the Company of any such request as of a date not
more than 15 days prior to the time such information is furnished; provided, however, that so long as the Trustee is the Agent for Securities of a series, no such list shall be required to be furnished with respect to such series of
Securities.” 

  
 15 

 ARTICLE 7 

MISCELLANEOUS 

Section 7.01. Trust Indenture Act Controls. This Supplemental Indenture shall incorporate and be governed by the provisions of the
Trust Indenture Act that are required to be part of and to govern indentures qualified under the Trust Indenture Act. 
 Section 7.02.
Governing Law. The laws of the State of New York shall govern this Supplemental Indenture and the Securities, without regard to conflicts of laws principles thereof. 

Section 7.03. Successors. All agreements of the Company in this Supplemental Indenture and the Notes will bind its successors. All
agreements of the Trustee in this Supplemental Indenture will bind its successors. 
 Section 7.04. Severability. In case any
provision in this Supplemental Indenture or in the Notes will be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 

Section 7.05. Counterpart Originals. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy
will be an original, but all of them together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this
Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all
purposes. 
 Section 7.06. Table of Contents, Headings, Etc. The Table of Contents and Headings of the Articles and Sections of
this Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Supplemental Indenture and will in no way modify or restrict any of the terms or provisions hereof. 

Section 7.07. Validity or Sufficiency of Supplemental Indenture. The Trustee is not responsible for the validity or sufficiency of
this Supplemental Indenture, or for the recitals contained herein. 
 Section 7.08. Waiver of Jury Trial. EACH OF THE COMPANY
AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE NOTES OR THE TRANSACTIONS
CONTEMPLATED HEREBY. 
 [Signatures on following page] 

  
 16 

 SIGNATURES 

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

  

			
	 VERISK ANALYTICS, INC.,
 as the
Company

		
	By:	 	 /s/ Kenneth E. Thompson

		 	Name: Kenneth E. Thompson
		 	Title:   Executive Vice President, General Counsel and Corporate Secretary of Verisk Analytics, Inc.

 
			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as the Trustee

		
	By:	 	 /s/ Stefan Victory

		 	Name: Stefan Victory
		 	Title:   Vice President

 EXHIBIT A 

FORM OF FACE OF SECURITY 
 [GLOBAL
SECURITY LEGEND] 
 THIS SECURITY IS A REGISTERED GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL PURPOSES. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”) TO THE COMPANY
OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE
TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART,
BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY, OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.

  

  
 A-1 

 CUSIP
No.                         

ISIN                       
            
 Verisk Analytics, Inc. 

4.125% SENIOR NOTES DUE 2029 

No.
$                                 

As revised by the              

Schedule of Increases or   

Decreases attached           

hereto                       
         
 Interest. Verisk Analytics, Inc., a Delaware corporation (herein called the
“Company”), for value received, hereby promises to pay to                    , or registered assigns, the principal sum
of                United States dollars (U.S.$                ), as revised by the
Schedule of Increases or Decreases attached hereto, on March 15, 2029 and to pay interest thereon from                 or from the most recent interest payment date
to which interest has been paid or duly provided for, semi-annually in arrears on March 15 and September 15 in each year, commencing September 15, 2019, at the rate of 4.125% per annum, until the principal hereof is paid or made
available for payment. Interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. 

Method of Payment. The interest so payable, and punctually paid or duly provided for, on any interest payment date will, as provided in
the Indenture (as defined on the reverse hereof), 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 relevant record date for such interest, which shall be
March 1 or September 1, as the case may be, next preceding such interest payment date. 
 Reference is hereby made to the further
provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

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

  
 A-2 

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

 

			
	VERISK ANALYTICS, INC.
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-3 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

 

					
	Date of authentication:	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
			
		 	By:	 	  

		 		 	Authorized Signatory

  
 A-4 

 FORM OF REVERSE OF SECURITY 

Indenture. This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”),
issued and to be issued in one or more series under an Indenture, dated as of March 6, 2019, as supplemented by a First Supplemental Indenture dated as of March 6, 2019 (as so supplemented, herein called the “Indenture”),
between the Company and Wells Fargo Bank, National Association, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), to which Indenture 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
initially limited in aggregate principal amount to $400,000,000. 
 Optional Redemption. At any time and from time to time prior to
December 15, 2028 the Company may redeem the Securities, at its option, in whole or in part, upon not less than 10 nor more than 60 days’ notice at a redemption price equal to the greater of: (i) 100% of the principal amount of the
Securities to be redeemed; and (ii) the sum of (a) the present values of the Remaining Scheduled Payments (as defined below) of the Securities to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus (b) 25 basis points; in each case, plus accrued and unpaid interest, if any, thereon to, but
excluding, the date of redemption. Furthermore, at any time and from time to time on or after December 15, 2028, the Company may redeem the Securities, at its option, in whole or in part, upon not less than 10 nor more than 60 days’
notice, at a redemption price equal to 100% of the principal amount of the Securities to be redeemed, plus accrued interest, if any, thereon to, but excluding, the date of redemption. Notwithstanding the foregoing, the principal amount of a Security
remaining outstanding after redemption in part will be $2,000 or an integral multiple of $1,000 in excess thereof. If the date of redemption is on or after an interest record date and on or before the related interest payment date, the accrued and
unpaid interest, if any, will be paid to the Person in whose name the Security is registered at the close of business on such interest record date, and no additional interest is payable to holders whose Securities will be subject to redemption by
the Company. Unless the Company defaults in payment of the redemption price, on and after the date of redemption, interest shall cease to accrue on the Securities or the portions thereof called for redemption. 

For purposes of determining the optional redemption price, the following definitions are applicable: 

“Business Day” means any day that is not a Saturday, a Sunday or a day on which banking institutions are not required to be
open in the State of New York. 
 “Comparable Treasury Issue” means the United States Treasury security selected by an
Independent Investment Banker as having a maturity comparable to the remaining term of the Securities to be redeemed that would be used, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate
debt securities of comparable maturity to the remaining term of the Securities. 

  
 A-5 

 “Comparable Treasury Price” means, with respect to any date of redemption,
the Reference Treasury Dealer Quotations for that date of redemption. 
 “Independent Investment Banker” means the
Reference Treasury Dealer appointed by the Company. 
 “Reference Treasury Dealer” means each of HSBC Securities (USA) Inc.
and Merrill Lynch, Pierce, Fenner & Smith Incorporated and their respective successors and two other nationally recognized investment banking firms that are primary U.S. Government securities dealers (a “Primary Treasury
Dealer”) specified from time to time by the Company so long as the entity is a primary U.S. Government securities dealer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any date of redemption, the
average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 3:30 p.m.,
New York City time, on the third Business Day preceding that date of redemption, after excluding the highest and lowest of such quotations, unless the Company obtains fewer than four such quotations, in which case the average of all of such
quotations. 
 “Remaining Scheduled Payments” means, with respect to the Securities to be redeemed, the remaining scheduled
payments of the principal thereof and interest thereon that would be due after the related date of redemption therefor; provided, however, that, if that date of redemption is not an interest payment date with respect to such Securities, the amount
of the next succeeding scheduled interest payment thereon will be reduced by the amount of interest accrued thereon to that date of redemption. 

“Treasury Rate” means, with respect to any date of redemption, the rate per annum equal to the semi-annual equivalent yield
to maturity, computed as of the third Business Day immediately preceding that date of redemption, of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for that date of redemption. 
 Notice of any redemption will be mailed by first-class mail (or otherwise
transmitted in accordance with DTC procedures) at least 10 days but not more than 60 days before the date of redemption to each holder of Securities to be redeemed. If less than all the Securities are to be redeemed, the Securities to be redeemed
shall be selected by the Trustee not more than 60 days before the date of redemption by such method as the Trustee deems fair and appropriate and in accordance with the procedures of the Depositary. 

  
 A-6 

 Except as set forth above, the Securities will not be redeemable by the Company prior to
maturity and will not be entitled to the benefit of any sinking fund. 
 Defaults and Remedies. If an Event of Default with respect
to 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. 

Amendment, Modification and Waiver. The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the
modification of the rights and obligations of the Company and the rights of the holders of the Securities to be affected under the Indenture at any time by the Company and the Trustee with the consent of the holders of a majority in aggregate
principal amount of the Securities at the time outstanding to be affected. The Indenture also contains provisions permitting the holders of a majority in aggregate principal amount of the Securities at the time outstanding, on behalf of the holders
of all such Securities, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the holder of this Security shall be conclusive
and binding upon such holder and upon all future holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon
this Security. 
 Restrictive Covenants. The Indenture contains customary limitations that restrict the Company’s ability to
merge, consolidate or sell substantially all of its assets, place liens on its property or assets and engage in sale/leaseback transactions. Upon a Change of Control Repurchase Event (as defined in the Indenture), a holder of Securities will have
the right, subject to certain terms and conditions specified in the Indenture, to cause the Company to repurchase all or any part of such Securities of such holder at a purchase price equal to 101% of the principal amount of such Securities to be
repurchased plus accrued and unpaid interest, if any, to the date of repurchase. 
 Denominations, Transfer and Exchange. The
Securities are issuable only in registered form without coupons in denominations of $2,000 and in integral multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities are
exchangeable for a like aggregate principal amount of Securities of like tenor of a different authorized denomination, as requested by the holder surrendering the same. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registerable in the
Security Register, upon surrender of this Security for registration of transfer at the Registrar accompanied by a written request for transfer in form satisfactory to the Company and the Registrar duly executed by, the holder hereof or his attorney
duly authorized in writing, and thereupon one or more new Securities and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

  
 A-7 

 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. 
 Persons
Deemed Owners. 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. 

Miscellaneous. The Indenture and this Security shall be governed by and construed in accordance with the laws of the State of New York,
without regard to the conflicts of law rules thereof. 
 All terms used in this Security and not defined herein shall have the meanings
assigned to them in the Indenture. 

  
 A-8 

 SCHEDULE OF INCREASES OR DECREASES 

The following increases or decreases in this Security have been made: 

 

									
	 Date of Exchange
	  	 Amount of

increase in
 Principal Amount

of this Security
	  	 Amount of

decrease in
 Principal Amount

of this Security
	  	 Principal Amount
of this Security
following
each
decrease or
increase
	  	 Signature of
authorized
signatory
of
Trustee

  
 A-9 

 FORM OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Security purchased by the Company pursuant to Section 4.03 (Change of Control) of the Supplemental
Indenture, check the box: 
  
 ☐ 

If you want to elect to have only part of this Security purchased by the Company pursuant to Section 4.03 of the Supplemental Indenture,
state the amount: 
 $ 
 Date:
____________________        Your Signature: ______________________ 
 (Sign exactly as your name appears on the
other side of the Security) 
 Signature Guarantee: ____________________________________     

Signature must be guaranteed by a participant in a recognized signature guaranty medallion program or other signature guarantor acceptable to the Trustee.

  
 A-10

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