Document:

Indenture between HMEC and JPMorgan Chase Bank, N.A.

 Exhibit 4.1 
  

HORACE MANN EDUCATORS CORPORATION 
  
 AND 
  
 JPMORGAN CHASE BANK, N.A. 
  
 (as Trustee) 
  
 Senior
Debt Securities 
  
 INDENTURE 
  
 Dated as of June 9, 2005 
  
  

 CROSS REFERENCE SHEET * 
  
 Provisions of Sections 310 through 318(a) inclusive of the Trust Indenture Act of 1939, as amended, and the Indenture dated
as of June 9, 2005 between Horace Mann Educators Corporation and JPMorgan Chase Bank, N.A., as Trustee. 
  

			
	 Section of Act

	  	 Section of
Indenture

	 310(a)(1)
	  	6.10
	 310(a)(2)
	  	6.10
	 310(a)(3)
	  	N/A
	 310(a)(4)
	  	N/A
	 310(a)(5)
	  	6.10
	 310(b)
	  	6.10
	 310(c)
	  	N/A
	 311(a)
	  	6.11
	 311(b)
	  	6.11
	 311(c)
	  	N/A
	 312(a)
	  	4.01
	 312(b)
	  	4.02(b)
	 312(c)
	  	4.02(c)
	 313(a)
	  	6.06
	 313(b)
	  	6.06
	 313(c)
	  	6.06
	 313(d)
	  	6.06
	 314(a)
	  	3.04 and 4.03
	 314(b)
	  	N/A
	 314(c)(1)
	  	2.04 and 11.05
	 314(c)(2)
	  	2.04 and 11.05
	 314(c)(3)
	  	N/A
	 314(d)
	  	N/A
	 314(e)
	  	11.05
	 315(a)
	  	6.01(b)
	 315(b)
	  	6.05
	 315(c)
	  	6.01(a)
	 315(d)
	  	6.01(c)
	 315(e)
	  	5.10
	 316(a)(1)(A)
	  	5.08
	 316(a)(1)(B)
	  	5.09
	 316(a)(2)
	  	N/A
	 316(b)
	  	5.06
	 316(c)
	  	2.07
	 317(a)(1)
	  	5.02
	 317(a)(2)
	  	5.02
	 317(b)
	  	3.02 and 3.03
	 318(a)
	  	11.07

	*	This cross reference sheet shall not, for any purpose, be deemed to be a part of the Indenture. 

  
 Attention should also be directed to Section 318(c) of the Trust Indenture Act of 1939, as amended, which provides that the
provisions of Sections 310 through 317 of such Act are a part of and govern every qualified indenture, whether or not physically contained therein. 
  
  

 TABLE OF CONTENTS 
  

					
	ARTICLE 1.    DEFINITIONS	  	1
	    SECTION 1.01.	 	Certain Terms Defined	  	1
		
	ARTICLE 2.    SECURITIES	  	5
	    SECTION 2.01.	 	Forms Generally	  	5
	    SECTION 2.02.	 	Form of Trustee’s Certificate of Authentication	  	6
	    SECTION 2.03.	 	Amount Unlimited; Issuable in Series	  	6
	    SECTION 2.04.	 	Authentication and Delivery of Securities	  	8
	    SECTION 2.05.	 	Execution of Securities	  	9
	    SECTION 2.06.	 	Certificate of Authentication	  	9
	    SECTION 2.07.	 	Denomination and Date of Securities; Payments of Interest	  	9
	    SECTION 2.08.	 	Registration, Registration of Transfer and Exchange	  	11
	    SECTION 2.09.	 	Mutilated, Defaced, Destroyed, Lost and Stolen Securities	  	11
	    SECTION 2.10.	 	Cancellation of Securities	  	12
	    SECTION 2.11.	 	Temporary Securities	  	12
	    SECTION 2.12.	 	Securities in Global Form	  	13
	    SECTION 2.13.	 	CUSIP Numbers	  	13
		
	ARTICLE 3.    COVENANTS OF THE COMPANY	  	14
	    SECTION 3.01.	 	Payment of Principal and Interest	  	14
	    SECTION 3.02.	 	Offices for Payment, Etc.	  	14
	    SECTION 3.03.	 	Paying Agents	  	14
	    SECTION 3.04.	 	Officers’ Certificate	  	15
	    SECTION 3.05.	 	Calculation of Original Issue Discount	  	15
		
	ARTICLE 4.    SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY	  	15
	    SECTION 4.01.	 	Company to Furnish Trustee Information as to Names and Addresses of Securityholders	  	15
	    SECTION 4.02.	 	Preservation and Disclosure of Securityholders’ Lists	  	15
	    SECTION 4.03.	 	Reports by the Company	  	17
		
	ARTICLE 5.    REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT	  	17
	    SECTION 5.01.	 	Event of Default Defined; Acceleration of Maturity; Waiver of Default	  	17
	    SECTION 5.02.	 	Collection of Indebtedness by Trustee; Trustee May Prove Debt	  	19
	    SECTION 5.03.	 	Application of Proceeds	  	21
	    SECTION 5.04.	 	Restoration of Rights on Abandonment of Proceedings	  	22
	    SECTION 5.05.	 	Limitations on Suits by Securityholders	  	22
	    SECTION 5.06.	 	Unconditional Right of Securityholders to Institute Certain Suits	  	22
	    SECTION 5.07.	 	Powers and Remedies Cumulative; Delay or Omission Not Waiver of Default	  	22
	    SECTION 5.08.	 	Control by Securityholders	  	23
	    SECTION 5.09.	 	Waiver of Past Defaults	  	23
	    SECTION 5.10.	 	Right of Court to Require Filing of Undertaking to Pay Costs	  	23
	    SECTION 5.11.	 	Suits for Enforcement	  	24
		
	ARTICLE 6.    CONCERNING THE TRUSTEE	  	24
	    SECTION 6.01.	 	Duties of Trustee	  	24
	    SECTION 6.02.	 	Rights of Trustee	  	25
	    SECTION 6.03.	 	Individual Rights of Trustee	  	27

  

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	    SECTION 6.04.	  	Trustee’s Disclaimer	  	27
	    SECTION 6.05.	  	Notice of Defaults	  	27
	    SECTION 6.06.	  	Reports by Trustee to Holders	  	27
	    SECTION 6.07.	  	Compensation and Indemnity	  	27
	    SECTION 6.08.	  	Replacement of Trustee	  	28
	    SECTION 6.09.	  	Successor Trustee by Merger	  	29
	    SECTION 6.10.	  	Eligibility; Disqualification	  	29
	    SECTION 6.11.	  	Preferential Collection of Claims Against Company	  	29
		
	ARTICLE 7.    CONCERNING THE SECURITYHOLDERS	  	29
	    SECTION 7.01.	  	Evidence of Action Taken by Securityholders	  	29
	    SECTION 7.02.	  	Proof of Execution of Instruments	  	30
	    SECTION 7.03.	  	Holders to Be Treated as Owners	  	30
	    SECTION 7.04.	  	Securities Owned by Company Deemed Not Outstanding	  	30
	    SECTION 7.05.	  	Right of Revocation of Action Taken	  	30
		
	ARTICLE 8.    SUPPLEMENTAL INDENTURES	  	31
	    SECTION 8.01.	  	Supplemental Indentures Without Consent of Securityholders	  	31
	    SECTION 8.02.	  	Supplemental Indentures with Consent of Securityholders	  	32
	    SECTION 8.03.	  	Effect of Supplemental Indenture	  	33
	    SECTION 8.04.	  	Documents to Be Given to Trustee	  	33
	    SECTION 8.05.	  	Notation on Securities in Respect of Supplemental Indentures	  	33
		
	ARTICLE 9.    CONSOLIDATION, MERGER, SALE OR CONVEYANCE	  	33
	    SECTION 9.01.	  	Company May Consolidate, Etc. on Certain Terms	  	33
	    SECTION 9.02.	  	Successor Corporation Substituted	  	34
	    SECTION 9.03.	  	Opinion of Counsel to Trustee	  	34
		
	ARTICLE 10.    SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED FUNDS	  	34
	    SECTION 10.01.	  	Satisfaction and Discharge of Indenture	  	34
	    SECTION 10.02.	  	Application by Trustee of Funds Deposited for Payment of Securities	  	37
	    SECTION 10.03.	  	Repayment of Funds Held by Paying Agent	  	37
	    SECTION 10.04.	  	Return of Unclaimed Funds Held by Trustee and Paying Agent	  	38
	    SECTION 10.05.	  	Reinstatement of Company’s Obligations	  	38
		
	ARTICLE 11.    MISCELLANEOUS PROVISIONS	  	38
	    SECTION 11.01.	  	Incorporators, Shareholders, Officers and Directors of Company Exempt from Individual Liability	  	38
	    SECTION 11.02.	  	Provisions of Indenture for the Sole Benefit of Parties and Securityholders	  	39
	    SECTION 11.03.	  	Successors and Assigns of Company Bound by Indenture	  	39
	    SECTION 11.04.	  	Notices and Demands on Company, Trustee and Securityholders	  	39
	    SECTION 11.05.	  	Officers’ Certificates and Opinions of Counsel; Statements to Be Contained Therein	  	39
	    SECTION 11.06.	  	Payments Due on Saturdays, Sundays and Holidays	  	40
	    SECTION 11.07.	  	Conflict of Any Provision of Indenture with Trust Indenture Act of 1939	  	41
	    SECTION 11.08.	  	New York Law to Govern	  	41
	    SECTION 11.09.	  	Counterparts	  	41
	    SECTION 11.10.	  	Effect of Headings; Gender	  	41
		
	ARTICLE 12.    REDEMPTION OF SECURITIES AND SINKING FUNDS	  	41
	    SECTION 12.01.	  	Applicability of Article	  	41

  

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	    SECTION 12.02.	 	Notice of Redemption; Partial Redemptions	  	41
	    SECTION 12.03.	 	Payment of Securities Called for Redemption	  	43
	    SECTION 12.04.	 	Exclusion of Certain Securities from Eligibility for Selection for Redemption	  	43
	    SECTION 12.05.	 	Mandatory and Optional Sinking Funds	  	44
	    SECTION 12.06.	 	Repayment at the Option of the Holders	  	46
	    SECTION 12.07.	 	Conversion Arrangement on Call for Redemption	  	46
		
	ARTICLE 13. CONVERSION OF SECURITIES	  	47
	    SECTION 13.01.	 	Applicability of Article	  	47
	    SECTION 13.02.	 	Right of Holders to Convert Securities into Common Shares	  	47
	    SECTION 13.03.	 	Issuance of Common Shares on Conversions	  	48
	    SECTION 13.04.	 	No Payment or Adjustment for Interest or Dividends	  	48
	    SECTION 13.05.	 	Adjustment of Conversion Price	  	49
	    SECTION 13.06.	 	No Fractional Shares to Be Issued	  	52
	    SECTION 13.07.	 	Preservation of Conversion Rights upon Consolidation, Merger, Sale or Conveyance	  	52
	    SECTION 13.08.	 	Notice to Holders of the Securities of a Series Prior to Taking Certain Types of Action	  	54
	    SECTION 13.09.	 	Covenant to Reserve Shares for Issuance on Conversion of Securities	  	54
	    SECTION 13.10.	 	Compliance with Governmental Requirements	  	55
	    SECTION 13.11.	 	Payment of Taxes upon Certificates for Shares Issued upon Conversion	  	55
	    SECTION 13.12.	 	Trustee’s Duties with Respect to Conversion Provisions	  	55
	    SECTION 13.13.	 	Conversion of Securities into Preferred Shares or Other Securities	  	55

  
  

 iii 

 This INDENTURE (this “Indenture”), dated as of June 9, 2005 between HORACE MANN
EDUCATORS CORPORATION, a Delaware corporation (the “Company”), and JPMorgan Chase Bank, N.A., a national banking association, as trustee (the “Trustee”). 
  
 RECITALS 
  
 A. The Company has duly authorized the issue from time to time of its unsecured debentures, notes or other evidences of indebtedness (the
“Securities”) to be issued in one or more Series. 
  
 B. 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 purchase of the Securities by the Holders thereof, it is mutually agreed for the equal and
ratable benefit of the Holders from time to time of the Securities or of Series thereof as follows. 
  
 ARTICLE 1 
 DEFINITIONS 
  
 SECTION 1.01. Certain Terms Defined. The following terms (except as
otherwise expressly provided or unless the context otherwise clearly requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section 1.01. All other terms (except as
herein otherwise expressly provided or unless the context otherwise clearly requires) used in this Indenture that are defined in the Trust Indenture Act or the definitions of which in the Securities Act are referred to in the Trust Indenture Act,
including terms defined therein by reference to the Securities Act, shall have the meanings assigned to such terms in the Trust Indenture Act and the Securities Act as in force at the date of this Indenture. All accounting terms used herein and not
expressly defined shall have the meanings assigned to such terms in accordance with GAAP. The words “herein”, “hereof” and “hereunder” and other words of similar import refer to this Indenture as a
whole, as supplemented and amended from time to time, and not to any particular Article, Section or other subdivision. The terms defined in this Article 1 have the meanings assigned to them in this Article 1 and include the plural as well as the
singular. 
  
 “Board of Directors” means either
the Board of Directors of the Company or any duly authorized committee of that Board or any duly authorized committee created by that Board. 
  
 “Business Day”, except as may otherwise be provided in the form of Securities of any particular Series, with respect to any Place of
Payment or place of publication means any day, other than a Saturday, Sunday or day on which banking institutions are authorized or required by law or regulation to close in that Place of Payment or place of publication. 
  
 “Commission” means the Securities and Exchange Commission,
as from time to time constituted, created under the Securities Exchange Act, or if at any time after the execution and delivery of this Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture
Act, then the body performing such duties on such date. 

 “Common Shares” means the shares of common stock, par value $0.001 per share, of the
Company as they exist on the date of this Indenture, or any other shares of capital stock of the Company into which such shares shall be reclassified or changed. 
  
 “Company” means the Person identified as the “Company” in the first paragraph hereof until a
successor corporation shall have become such pursuant to the applicable provisions hereof, and thereafter “Company” shall mean such successor corporation. 
  
 “Corporate Trust Office” means the principal corporate trust office of the Trustee at which at any
particular time its corporate trust business shall be administered, which office at the date of execution of this Indenture is located at 4 New York Plaza, 15th Floor, New York, NY 10004, Attention: Institutional Trust Services. 
  
 “defaulted interest” has the meaning specified in Section
2.07. 
  
 “defeasance” has the meaning specified
in Section 10.01(b). 
  
 “Depository”, with
respect to Securities of any Series for which the Company shall determine that such Securities will be issued as a Depository Security, means The Depository Trust Company or another clearing agency or any successor registered under the Securities
Exchange Act or other applicable statute or regulation, which, in each case, shall be designated by the Company pursuant to Sections 2.03 and 2.12. 
  
 “Depository Security”, with respect to any Series of Securities, means a Security executed by the Company and authenticated and delivered
by the Trustee to the Depository or pursuant to the Depository’s instruction, all in accordance with this Indenture and pursuant to a resolution of the Board of Directors or an indenture supplemental hereto as contemplated by Section 2.03,
which shall be registered as to principal and interest in the name of the Depository or its nominee and shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, all of the Outstanding Securities of such
Series. 
  
 “Event of Default” has the meaning
specified in Section 5.01. 
  
 “Funded Debt”
means all indebtedness, whether or not evidenced by a bond, debenture, note or similar instrument or agreement, for the repayment of money borrowed, having a maturity of more than 12 months from the date of its creation or having a maturity of less
than 12 months from the date of its creation but by its terms being renewable or extendible beyond 12 months from such date at the option of the borrower. For the purpose of determining “Funded Debt” of any corporation, there shall be
excluded any particular indebtedness if, on or prior to the maturity thereof, there shall have been deposited with the proper depository in trust the necessary funds for the payment, redemption or satisfaction of such indebtedness. 
  
 “GAAP” means such accounting principles as are generally
accepted at the time of any computation hereunder. 
  
 “Government Obligations”, unless otherwise specified pursuant to Section 2.03, means securities that are (i) direct obligations of the United States government or (ii) obligations of a Person controlled or supervised by, or
acting as an agency or instrumentality of, the United 
  

 2 

 States government, the payment of which obligations is unconditionally guaranteed by such government, and that, in either
case, are full faith and credit obligations of such government and are not callable or redeemable at the option of the issuer thereof. 
  
 “Holder”, “Holder of Securities”, “Registered Holder”, “Securityholder” or other
similar terms mean the Person in whose name at the time a particular Security is registered in the Security register. 
  
 “Indenture” means this instrument as originally executed or as it may from time to time be amended or supplemented as herein provided, as
so amended or supplemented or both, and shall include the forms and terms of particular Series of Securities established as contemplated by Section 2.03. 
  
 “Officers’ Certificate” means a certificate signed on behalf of the Company by the chairman of the Board of Directors or the
president or any vice president and by the treasurer, the controller, any assistant treasurer, the secretary or any assistant secretary of the Company and delivered to the Trustee. Each such certificate shall include the statements provided for in
Section 11.05. 
  
 “Opinion of Counsel” means a
written opinion of legal counsel who may be an employee of or counsel to the Company and who shall be reasonably acceptable to the Trustee. Each Opinion of Counsel shall include the statements provided for in Section 11.05, if and to the extent
required hereby. 
  
 “original issue date” of any
Security means the date set forth as such on such Security. 
  
 “Original Issue Discount Security” means any Security that provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section
5.01. 
  
 “Outstanding”, when used with reference
to Securities of any Series as of any particular time, subject to the provisions of Section 7.04, means all Securities of that Series authenticated and delivered under this Indenture, except: 
  
 (a) Securities theretofore cancelled by the Trustee or
delivered to the Trustee for cancellation; 
  
 (b) Securities, or portions thereof, for the payment or redemption of which the necessary funds in the required currency shall have been deposited in trust with the Trustee or with any Paying Agent other than the Company, or shall have been
set aside, segregated and held in trust by the Company for the holders of such Securities if the Company shall act as its own Paying Agent, provided that if such securities, or portions thereof, are to be redeemed prior to the maturity thereof,
notice of such redemption shall have been given as herein provided, or provision satisfactory to the Trustee shall have been made for giving such notice; 
  
 (c) Securities in substitution for which other Securities shall have been authenticated and delivered pursuant to the terms of Section
2.09, except with respect to 
  

 3 

 any such Security as to which proof satisfactory to the Trustee and the Company is presented that such
Security is held by a person in whose hands such Security is a legal, valid and binding obligation of the Company; 
  
 (d) Securities converted into Common Shares or Preferred Shares in accordance with or as contemplated by this Indenture; and 

 
 (e) Securities with respect to which the Company has
effected defeasance as provided in Article 10. 
  
 “Paying
Agent” means any Person, which may include the Company, authorized by the Company to pay the principal of or interest, if any, on any Security of any Series on behalf of the Company. 
  
 “Person” means any individual, corporation, partnership,
joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
  
 “Place of Payment”, when used with respect to the Securities of any Series, means the place or places where the principal of and
interest, if any, on the Securities of that Series are payable as specified pursuant to Section 3.02. 
  
 “Preferred Shares” means any shares of capital stock issued by the Company that are entitled to a preference or priority over the Common
Shares upon any distribution of the Company’s assets, whether by dividend or upon liquidation. 
  
 “principal” whenever used with reference to the Securities or any Security or any portion thereof shall be deemed to include “and
premium, if any.” 
  
 “Responsible Officer”
means, with respect to a Series of Securities, any officer of the Trustee within the corporate trust department of the Trustee assigned to the administration of the Indenture with respect to such Series of Securities including any vice president,
assistant vice president, assistant secretary, senior trust officer, trust officer or any other officer or assistant officer of the Trustee customarily performing functions similar to those performed by the individuals who at the time shall be such
officers, respectively, or to whom any corporate trust matter is referred at the Corporate Trust Office because of his or her knowledge of and familiarity with the particular subject. 
  
 “Securities Act” means the Securities Act of 1933, as amended, as in force at the date as of which this
Indenture was originally executed. 
  
 “Securities
Exchange Act” means the Securities Exchange Act of 1934, as amended, as in force at the date as of which this Indenture was originally executed. 
  
 “Security” or “Securities” has the meaning stated in the first recital of this Indenture and more particularly means any
securities authenticated and delivered under this Indenture. 
  

 4 

 “Series” or “Series of Securities” means all Securities of a similar
tenor authorized by a particular resolution of the Board of Directors or in one or more indentures supplemental hereto. 
  
 “Subsidiary” means: (i) a corporation in which the Company and/or one or more Subsidiaries of the Company directly or indirectly owns, at
the date of determination, a majority of the capital stock with voting power under ordinary circumstances to elect directors; (ii) a partnership, limited liability company, joint venture or similar entity in which the Company and/or one or more
Subsidiaries of the Company directly or indirectly holds, at the date of determination, a majority interest in the equity capital or profits or other similar interests of such entity; or (iii) any other unincorporated Person in which the Company
and/or one or more Subsidiaries of the Company directly or indirectly owns at the date of determination (x) at least a majority ownership interest or (y) the power to elect or direct the election of a majority of the directors or other governing
body of such Person. 
  
 “Trust Indenture Act of
1939”, except as otherwise provided in Sections 8.01 and 8.02, means the Trust Indenture Act of 1939, as amended, as in force at the date as of which this Indenture was originally executed. 
  
 “Trustee” means the Person identified as the
“Trustee” in the first paragraph hereof until a successor Trustee shall have become such pursuant to the applicable provisions hereof, and thereafter “Trustee” shall mean each Person who is then a Trustee hereunder. If at any
time there is more than one such Person, “Trustee” as used with respect to the Securities of any Series means the Trustee with respect to Securities of that Series. 
  
 “United States of America” means the United States of America, including the states and the District of
Columbia, its territories, possessions, the Commonwealth of Puerto Rico and other areas subject to its jurisdiction. 
  
 “vice president” when used with respect to the Company or the Trustee, means any vice president, whether or not designated by a number or
a word or words added before or after the title of “vice president.” 
  
 ARTICLE 2 
 SECURITIES 
  
 SECTION 2.01. Forms Generally. The Securities of each Series shall be substantially in such form, including temporary
or definitive global form, as shall be established by or pursuant to a resolution of the Board of Directors 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, not inconsistent with the provisions of this Indenture, as may be required to comply with any law or with any
rules or regulations, or with any rules of any securities exchange or to conform to general usage, all as may be determined by the officers executing such Securities as evidenced by their execution of the Securities. 
  
 The definitive Securities may be printed or reproduced in any other manner,
all as determined by the officers executing such Securities as evidenced by their execution of such Securities. 
  

 5 

 SECTION 2.02. Form of Trustee’s Certificate of Authentication. The Trustee’s certificate
of authentication on all Securities shall be in substantially the following form: 
  
 This is one of the Securities of the Series designated herein and referred to in the within-mentioned Indenture. 
  

			
	JPMorgan Chase Bank, N.A., as Trustee
		
	By:	 	  

	 	 	Authorized Officer

  
 SECTION 2.03.
Amount Unlimited; Issuable in Series. The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 
  
 The Securities may be issued in one or more Series. There shall be established in or pursuant to a resolution of the Board
of Directors and set forth in an Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any Series: 
  
 (a) the title of the Securities of the Series, which shall distinguish the Securities of the Series from all
other Securities issued by the Company; 
  
 (b)
any limit upon the aggregate principal amount of the Securities of the Series that may be authenticated and delivered under this Indenture, except for Securities authenticated and delivered upon registration of transfer of, or in exchange for or in
lieu of, other Securities of the Series pursuant to Section 2.08, 2.09, 2.11, 8.05 or 12.03; 
  
 (c) if other than 100% of their principal amount, the percentage of their principal amount at which the Securities of the Series will be
offered for sale to the public; 
  
 (d) the date
or dates on which the principal of the Securities of the Series is payable or the method of determination thereof; 
  
 (e) the rate or rates, which may be fixed or variable, or the method or methods of determination thereof, at which the Securities of the
Series shall bear interest, if any, the date or dates from which such interest shall accrue, the interest payment dates on which such interest shall be payable and the record dates for the determination of Holders to whom interest is payable;

  
 (f) the place or places where the principal
and interest, if any, on Securities of the Series shall be payable if other than as provided in Section 3.02; 
  

 6 

 (g) the price or prices at which, the period or periods within which and the terms and
conditions upon which Securities of the Series may be redeemed, in whole or in part, at the option of the Company; 
  
 (h) 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 pursuant to Section 5.01 or provable in bankruptcy pursuant to Section 5.02; 
  
 (i) the obligation, if any, of the Company to redeem, purchase or repay Securities of the Series whether pursuant to any sinking fund or
analogous provisions or pursuant to other provisions set forth therein or at the option of a Holder thereof and the price or prices at which and the period or periods within which and the terms and conditions upon which Securities of the Series
shall be redeemed, purchased or repaid, in whole or in part; 
  
 (j) if other than denominations of $1,000 and any integral multiple thereof, the denominations in which Securities of the Series shall be issuable; 
  
 (k) the form of the Securities, including such legends as required by law or as the Company deems necessary
or appropriate and the form of any temporary global security that may be issued; 
  
 (l) whether, and under what circumstances, the Securities of any Series shall be convertible into other securities of the Company and, if
so, the terms and conditions upon which such conversion will be effected, including the initial conversion price or rate, the conversion period and other provisions in addition to or in lieu of those described herein; 
  
 (m) if other than the Trustee, any trustees, authenticating
agents, Paying Agents, transfer agents or registrars or any other agents with respect to the Securities of such Series; 
  
 (n) if the Securities of such Series do not bear interest, the applicable dates for purposes of Section 4.01; 
  
 (o) whether the Securities of such Series are to be issuable
in whole or in part in the form of one or more Depository Securities and, in such case, the Depository for such Securities; 
  
 (p) the application, if any, of Section 10.01(b) to the Securities of the Series; and 
  
 (q) any other terms or conditions, not be inconsistent with
the provisions of this Indenture, upon which the Securities of the Series are to be issued. 
  
 All Securities of any one Series shall be substantially identical except as to denomination and except as otherwise may be provided in or pursuant to such resolution of the Board of 
  

 7 

 Directors or in any such indenture supplemental hereto. All Securities of any one Series need not be issued at the same
time, and unless otherwise provided, a Series may be reopened for issuances of additional Securities of such Series. 
  
 SECTION 2.04. Authentication and Delivery of Securities. At any time and from time to time after the execution and delivery of this Indenture, the
Company may deliver Securities of any Series executed by the Company to the Trustee for authentication, and the Trustee shall thereupon authenticate and make available for delivery such Securities to or upon the written order of the Company, signed
by both (a) the chairman of its Board of Directors, or its president or any vice president, and (b) its treasurer or any assistant treasurer, secretary or any assistant secretary. At the time of the first authentication of Securities of a Series
that provides for the issuance of Securities of that Series from time to time, in accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive and subject to Section 6.01
shall be fully protected in relying upon: 
  
 (a)
a copy of any resolution or resolutions of the Board of Directors relating to such Series, in each case certified by the secretary or an assistant secretary of the Company; 
  
 (b) a supplemental indenture, if any; 
  
 (c) an Officers’ Certificate, if applicable, setting forth the form and terms of the Securities of such
Series as required pursuant to Sections 2.01 and 2.03, respectively, and prepared in accordance with Section 11.05; and 
  
 (d) an Opinion of Counsel, prepared in accordance with Section 11.05, which shall state: 
  
 (i) that the form or forms and terms of such Securities have
been established by or pursuant to a resolution of the Board of Directors or by a supplemental indenture as permitted by Sections 2.01 and 2.03 in conformity with the provisions of this Indenture; and 
  
 (ii) that such Securities have been duly authorized and,
when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such opinion of counsel, will constitute valid and binding obligations of the Company enforceable in accordance with
their terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, arrangement or other laws relating to or affecting the rights and remedies of creditors’ generally, including the effect of statutory or other laws regarding
fraudulent transfers or preferential transfers, and by general equitable principles, including concepts of materiality, reasonableness, good faith and fair dealing and the possible unavailability of specific performance, injunctive relief or other
equitable remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law. 
  
 The Trustee shall have the right to decline to authenticate and deliver any Securities under this Section 2.04 if the issue of such Securities pursuant to
this Indenture will affect the Trustee’s own rights, duties or immunities under this Indenture in a manner not reasonably acceptable to the Trustee. 
  

 8 

 SECTION 2.05. Execution of Securities. The Securities shall be signed on behalf of the Company by
both (a) the chairman of its Board of Directors or its president or any vice president and (b) its treasurer or any assistant treasurer or its secretary or any assistant secretary, under its corporate seal. Such signatures may be the manual or
facsimile signatures of such officers. The seal of the Company may be in the form of a facsimile thereof and may be impressed, affixed, imprinted or otherwise reproduced on the Securities. Typographical and other minor errors or defects in any such
reproduction of the seal or any such signature shall not affect the validity or enforceability of any Security that has been duly authenticated and delivered by the Trustee. 
  
 In case any officer of the Company who shall have signed any of the Securities shall cease to be such officer before the
Security so signed shall be authenticated and delivered by the Trustee or disposed of by the Company, such Security nevertheless may be authenticated and delivered or disposed of as though the person who signed such Security had not ceased to be
such officer of the Company. Any Security may be signed on behalf of the Company by such individuals as, at the actual date of the execution of such Security, shall be the proper officers of the Company, although at the date of the execution and
delivery of this Indenture any such individual was not such an officer. 
  
 SECTION 2.06. Certificate of Authentication. Only such Securities as shall bear thereon a certificate of authentication substantially in the form set forth in Section 2.02 and executed by the Trustee by the manual signature of one of
its authorized signatories shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose. Such certificate by the Trustee upon any Security executed by the Company shall be conclusive evidence that the Security so
authenticated has been duly authenticated and delivered hereunder and that the Holder is entitled to the benefits of this Indenture. 
  
 SECTION 2.07. Denomination and Date of Securities; Payments of Interest. The Securities shall be issuable in denominations as shall be specified as
contemplated by Section 2.03. In the absence of any such specification with respect to the Securities of any Series, Securities shall be issuable in denominations of $1,000 and any integral multiple thereof, and interest shall be computed on the
basis of a 360-day year of twelve 30-day months. The Securities 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 with the approval
of the Trustee as evidenced by its execution and authentication thereof. 
  
 Each Security shall be dated the date of its authentication. 
  
 Unless otherwise provided as contemplated by Section 2.03, interest on any Security that is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the person in whose name
that Security (or one or more predecessor securities) is registered at the close of business on the regular record date for the payment of such interest. 
  
 The term “record date” as used with respect to any interest payment date (except for a date for payment of defaulted interest) means the
date specified as such in the terms of the 
  

 9 

 Securities of any particular Series or, if no such date is so specified, the close of business on the fifteenth day
preceding such interest payment date, whether or not such record date is a Business Day. 
  
 Any interest on any Security of any Series that is payable but not punctually paid or duly provided for (“defaulted interest”) on any interest payment date shall forthwith cease to be payable to the
Registered Holder on the relevant record date by virtue of such Holder having been a Holder on such record date. Such defaulted interest may be paid by the Company, at its election in each case, as provided in clause (a) or clause (b) below:

  
 (a) The Company may elect to make payment of
any defaulted interest to the persons in whose names any such Securities (or their respective predecessor Securities) are registered at the close of business on a special record date for the payment of such defaulted interest, which shall be fixed
in the following manner. The Company shall notify the Trustee in writing of the amount of defaulted interest proposed to be paid on each Security of such Series and the date of the proposed payment, and at the same time the Company shall deposit
with the Trustee funds equal to the aggregate amount proposed to be paid in respect of such defaulted interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment. Such funds when
deposited shall be held in trust for the benefit of the Persons entitled to such defaulted interest as provided in this clause (a). Thereupon the Trustee shall fix a special record date for the payment of such defaulted interest in respect of
Securities of such Series, which shall be not more than 15 nor less than ten days prior to the date of the proposed payment and not less than ten days after the receipt by the Trustee of the notice of the proposed payment. The Trustee promptly shall
notify the Company of such special record date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such defaulted interest and the special record date thereof to be mailed, first class postage prepaid,
to each Registered Holder at his address as it appears in the Security register, not less than ten days prior to such special record date. Notice of the proposed payment of such defaulted interest and the special record date therefor having been
mailed as aforesaid, such defaulted interest in respect of Securities of such Series shall be paid to the persons in whose names such Securities (or their respective predecessor Securities) are registered on such special record date and such
defaulted interest shall no longer be payable pursuant to the following clause (b). 
  
 (b) The Company may make payment of any defaulted interest on the Securities of any Series in any other lawful manner not inconsistent
with the requirements of any securities exchange on which the Securities of that Series may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to
this clause, such payment shall be deemed practicable by the Trustee. 
  
 Subject to the foregoing provisions of this Section 2.07, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and
unpaid, and to accrue, that were carried by such other Security. 
  

 10 

 SECTION 2.08. Registration, Registration of Transfer and Exchange. The Company will cause to be
kept at each office or agency to be maintained for the purpose as provided in Section 3.02 a register or registers (the “Security register”) in which, subject to such reasonable regulations as it may prescribe, the Company will
provide for the registration and the registration of transfer of the Securities. The Trustee is hereby appointed Security registrar for purposes of registering, and registering transfers of, the Securities. 
  
 Upon surrender for registration of transfer of any Security of any Series at
any such office or agency to be maintained for the purpose as provided in Section 3.02, the Company shall execute, and the Trustee shall authenticate and make available for delivery in the name of the transferee or transferees, a new Security or
Securities of the same Series and of like tenor and containing the same terms (other than the principal amount thereof, if more than one Security is executed, authenticated and delivered with respect to any security so presented, in which case the
aggregate principal amount of the executed, authenticated and delivered Securities shall equal the principal amount of the Security presented in respect thereof) and conditions. 
  
 All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the
Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 
  
 Every Security presented or surrendered for registration of transfer or exchange, if so required by the Company or the
Trustee, shall be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Trustee, duly executed by the Holder thereof or his attorney and duly authorized in writing. 
  
 No service charge shall be made for any registration of transfer or exchange
of Securities, but the Company may require payment of an amount sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to
Section 2.11, 8.05 or 12.03 not involving any transfer. 
  
 The
Company shall not be required (i) to issue, register the transfer of or exchange any Security during a 15-day period prior to the day of mailing of the relevant notice of redemption or (ii) to register the transfer of or exchange any Security so
selected for redemption in whole or in part, except, in the case of any Security to be redeemed in part, the portion thereof not redeemed. 
  
 SECTION 2.09. Mutilated, Defaced, Destroyed, Lost and Stolen Securities. In case any temporary or definitive Security shall become mutilated or
defaced or be destroyed, lost or stolen, the Company shall execute, and upon the written request of any officer of the Company, the Trustee shall authenticate and make available for delivery a new Security of the same Series and of like tenor and
principal amount and with the same terms and conditions, bearing a number not contemporaneously outstanding, in exchange and substitution for the mutilated or defaced Security or in lieu of and substitution for the Security so destroyed, lost or
stolen. In every case the applicant for a substitute Security shall furnish to the Company and to the Trustee such security or indemnity as may be required by them to indemnify and defend and to save each of them harmless and, in every case of
destruction, loss or theft, evidence to their satisfaction of the destruction, loss or theft of such Security and of the ownership thereof. 
  

 11 

 Upon the issuance of any substitute Security, the Company may require the payment of an amount sufficient
to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses, including the reasonable fees and expenses of the Trustee, connected therewith. In case any Security which has matured or is about to
mature or has been called for redemption in full shall become mutilated or defaced or be destroyed, lost or stolen, the Company, instead of issuing a substitute Security, may pay or authorize the payment of the same without surrender thereof except
in the case of a mutilated or defaced Security. The applicant for such payment shall furnish to the Company and to the Trustee such security or indemnity as any of them may require to save each of them harmless. In every case of destruction, loss or
theft, the applicant also shall furnish to the Company and the Trustee evidence to their satisfaction of the destruction, loss or theft of such Security and of the ownership thereof. 
  
 Every substitute Security of any Series issued pursuant to the provisions of this Section 2.09 by virtue of the fact that
any Security is destroyed, lost or stolen shall constitute an additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone and shall be entitled to all the
benefits of and shall be subject to all the limitations of rights set forth in this Indenture equally and proportionately with any and all other Securities of such Series duly authenticated and delivered hereunder. All Securities shall be held and
owned upon the express condition that, to the extent permitted by law, the foregoing provisions are exclusive with respect to the replacement or payment of mutilated, defaced, destroyed, lost or stolen Securities and shall preclude any and all other
rights or remedies, notwithstanding any law or statute to the contrary with respect to the replacement or payment of negotiable instruments or other securities without their surrender. 
  
 SECTION 2.10. Cancellation of Securities. All Securities surrendered for payment, redemption, registration of
transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Company or any agent of the Company or the Trustee shall be delivered to the Trustee for cancellation or, if surrendered to the
Trustee, shall be cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by the provisions of this Indenture. The Company at any time may deliver to the Trustee for cancellation any Securities previously
authenticated hereunder which the Company has not issued and sold and all Securities so delivered shall be promptly cancelled by the Trustee. The Trustee shall return cancelled Securities held by it to the Company. If the Company shall acquire any
of the Securities, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless the same are delivered to the Trustee for cancellation. 
  
 SECTION 2.11. Temporary Securities. Pending the preparation of
definitive Securities for any Series, the Company may execute and the Trustee shall authenticate and make available for delivery temporary Securities for such Series, which may be printed, typewritten or otherwise reproduced, in each case in form
reasonably acceptable to the Trustee. Temporary Securities of any Series may be issued in any authorized denomination and substantially in the form of the definitive Securities of such Series but with such omissions, insertions and variations as may
be 
  

 12 

 appropriate for temporary Securities, all as may be determined by the Company with the reasonable concurrence of the
Trustee. Temporary Securities may contain such reference to any provisions of this Indenture as may be appropriate. Every temporary Security shall be executed by the Company and be authenticated by the Trustee upon the same conditions and in
substantially the same manner, and with like effect, as the definitive Securities. Without unreasonable delay the Company shall execute and shall furnish definitive securities of such Series and thereupon temporary Securities of such Series may be
surrendered in exchange therefor without charge at each office or agency to be maintained by the Company for that purpose pursuant to Section 3.02, and the Trustee shall authenticate and make available for delivery in exchange for such temporary
Securities of such Series a like aggregate principal amount of definitive Securities of the same Series of 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
2.12. Securities in Global Form. If Securities of a Series are issuable in global form, as shall be specified as contemplated by Section 2.03, then, notwithstanding the provisions of Section 2.03(j) and Section 2.07, such Security shall
represent such of the Outstanding Securities of such Series as shall be specified therein and may provide that it shall represent the aggregate amount of Outstanding Securities from time to time endorsed thereon and that the aggregate amount of
Outstanding Securities represented thereby may from time to time be reduced to reflect exchanges. Any endorsement of a Security in global form to reflect the amount, or any increase or decrease in the amount, of Outstanding Securities represented
thereby may be made by the Trustee in such manner and upon written instructions given by such Person or Persons as shall be specified therein or in the Company order to be delivered to the Trustee pursuant to Section 2.04. Subject to the provisions
of Section 2.04, the Trustee shall deliver and redeliver any Security in definitive global form in the manner and upon written instructions given by the Person or Persons specified therein or in the applicable Company order. If a Company order
pursuant to Section 2.04 has been, or simultaneously is, delivered, any instructions by the Company with respect to endorsement or delivery or redelivery of a Security in global form shall be in writing but need not comply with Section 11.05 and
need not be accompanied by an Opinion of Counsel. 
  
 Unless
otherwise specified as contemplated by Section 2.03, payment of principal of and any interest on any Security in definitive global form shall be made to the Person or Persons specified therein. 
  
 Except as provided in the preceding paragraph, the Company, the Trustee and
any agent of the Company and the Trustee shall treat a Person as the Holder of such principal amount of outstanding Securities represented by a definitive global Security as shall be specified in a written statement of the Holder of such definitive
global Security. 
  
 SECTION 2.13. CUSIP Numbers. The
Company in issuing the Securities may use “CUSIP” numbers if then generally in use and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders. Any such notice may state that no
representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Securities. No
such redemption shall be affected by any 
  

 13 

 defect in or omission of such numbers. The Company promptly will notify the Trustee of any change in the CUSIP numbers.

  
 ARTICLE 3 
 COVENANTS OF THE COMPANY 
  
 SECTION 3.01. Payment of Principal and Interest. The Company covenants and agrees for the benefit of each particular Series of Securities that it
will duly and punctually pay or cause to be paid the principal of, and interest on, each of the Securities of such Series in accordance with the terms of the Securities of such Series and this Indenture. 
  
 SECTION 3.02. Offices for Payment, Etc. So long as any of the
Securities remain outstanding, the Company will maintain the following for each Series: an office or agency where the Securities may be presented for payment or conversion; where the Securities may be presented for registration of transfer and for
exchange; and where notices and demands to or upon the Company in respect of the Securities or of this Indenture may be served. The Company will give to the Trustee (so long as the Trustee is not the Paying Agent) written notice of the location of
any such office or agency and of any change of location thereof. In case the Company shall fail to so designate or maintain any such office or agency or shall fail to give such notice of the location or of any change in the location thereof,
presentations and demands may be made and notices may be served at the Corporate Trust Office. Unless otherwise specified pursuant to Section 2.03, the Trustee is hereby appointed Paying Agent. 
  
 SECTION 3.03. Paying Agents. Whenever the Company shall appoint a
Paying Agent other than the Trustee with respect to the Securities of any Series, it will cause such Paying Agent to execute and deliver to the Trustee an instrument in which such Agent shall agree with the Trustee, subject to the provisions of this
Section 3.03: 
  
 (a) that it will hold all
amounts received by it as such Paying Agent for the payment of the principal of or interest on the Securities of such Series in trust for the benefit of the Holders of the Securities of such Series and, upon the occurrence of an Event of Default and
upon the written request of the Trustee, pay over all such sums received by it to the Trustee; and 
  
 (b) that it will give the Trustee notice of any failure by the Company or by any other obligor on the Securities of such Series to make
any payment of the principal of or interest on the Securities of such Series when the same shall be due and payable. 
  
 On or prior to each due date of the principal of or interest on the Securities of such Series, the Company will deposit with the Paying Agent sufficient
funds to pay such principal or interest so becoming due and, unless such Paying Agent is the Trustee, notify the Trustee of any failure to take such action. 
  
 If the Company shall act as its own Paying Agent with respect to the Securities of any Series, on or before each due date of the principal of or interest
on the Securities of such Series it will set aside, segregate and hold in trust for the benefit of the Holders of the Securities of such Series sufficient funds to pay such principal or interest so becoming due. The Company will promptly notify the
Trustee of any failure to take such action. 
  

 14 

 At any time, for the purpose of obtaining a satisfaction and discharge with respect to one or more or all
Series of Securities or for any other reason, the Company may pay or cause to be paid to the Trustee all amounts held in trust for any such Series by the Company or any Paying Agent, such amounts to be held by the Trustee in trust pursuant to this
Indenture. 
  
 The agreement to hold amounts in trust as provided
in this Section 3.03 is subject to the provisions of Sections 10.03 and 10.04. 
  
 SECTION 3.04. Officers’ Certificate. The Company shall deliver to the Trustee, within 120 days after the end of each fiscal year of the Company ending after the date hereof, an Officers’ Certificate
as to the Company’s compliance with all conditions and covenants under the Indenture (such compliance to be determined without regard to any period of grace or requirement of notice provided under the Indenture). 
  
 SECTION 3.05. Calculation of Original Issue Discount. The Company
shall file with the Trustee, within 60 days after the end of each calendar year, a written notice specifying the amount of original issue discount, if any, including daily rates and accrual periods, accrued on each Series of Outstanding Securities
as of the end of such year. 
  
 SECTION 3.06. Notice of Certain
Events. The Company shall give prompt written notice to the Trustee and any Paying Agent of (i) any proceeding relating to any Securities, (ii) any default or Event of Default with respect to any Securities, (iii) any cure or waiver of any
default or Event of Default with respect to any Securities, and (iv) any senior debt payment default or senior debt default notice. 
  
 ARTICLE 4 
 SECURITYHOLDERS’
LISTS AND REPORTS BY THE COMPANY 
  
 SECTION 4.01. Company
to Furnish Trustee Information as to Names and Addresses of Securityholders. The Company will furnish or cause to be furnished to the Trustee a list acceptable to the Trustee of the names and addresses of the Holders of the Securities of each
Series: 
  
 (a) semiannually, and not more than
15 days after each record date for the payment of interest on such Securities, as of such record date; and 
  
 (b) at such other times as the Trustee reasonably may request in writing, within 30 days after receipt by the Company of any such request,
such list to be as of a date not more than 15 days prior to the time such information is furnished; provided that, if the Trustee shall be the Security registrar for such Series, such list shall not be required to be furnished. 
  
 SECTION 4.02. Preservation and Disclosure of Securityholders’
Lists. 
  
 (a) The Trustee shall preserve, in
as current a form as is reasonably practicable, all information as to the names and addresses of the Holders of each Series of Securities contained in the most recent list furnished to it as provided in Section 4.01 or maintained by the Trustee in
its capacity as Security registrar for such Series. The 
  

 15 

 Trustee may destroy any list furnished to it as provided in Section 4.01 upon receipt of a new list so
furnished. 
  
 (b) In case three or more Holders
of Securities of any Series (“applicants”) apply in writing to the Trustee and furnish to the Trustee reasonable proof that each such applicant has owned a Security of such Series for a period of at least six months preceding the
date of such application, and such application states that the applicants desire to communicate with other Holders of Securities of such Series or with Holders of all Securities with respect to their rights under this Indenture or under such
Securities and such application is accompanied by a copy of the form of proxy or other communication which such applicants propose to transmit, then the Trustee, within five Business Days after the receipt of such application, at its election,
either: 
  
 (i) shall afford to such applicants
access to the information preserved at the time by the Trustee in accordance with the provisions of Section 4.02(a); or 
  
 (ii) shall inform such applicants as to the approximate number of Holders of Securities of such Series or all Securities, as the case may
be, whose names and addresses appear in the information preserved at the time by the Trustee, in accordance with the provisions of Section 4.02(a), and as to the approximate cost of mailing to such Securityholders the form of proxy or other
communication, if any, specified in such application. 
  
 If the Trustee shall elect not to afford to such applicants access to such information, the Trustee, upon the written request of such applicants, shall mail to each Securityholder of such Series or all Securities, as the case may be, whose
name and address appear in the information preserved at the time by the Trustee in accordance with the provisions of Section 4.02(a), a copy of the form of proxy or other communication that is specified in such request, with reasonable promptness
after a tender to the Trustee of the material to be mailed and of payment, or provision for the payment, of the reasonable expenses of mailing, unless within five days after such tender, the Trustee shall mail to such applicants and file with the
Commission together with a copy of the material to be mailed, a written statement to the effect that, in the opinion of the Trustee, such mailing would be contrary to the best interests of the Holders of Securities of such Series or all Securities,
as the case may be, or could be in violation of applicable law. Such written statement shall specify the basis of such opinion. If the Commission, after opportunity for a hearing upon the objections specified in the written statement so filed, shall
enter an order refusing to sustain any of such objections or if, after the entry of such order sustaining one or more of such objections, the Commission shall find, after notice and opportunity for hearing, that all the objections so sustained have
been met, and shall enter an order so declaring, the Trustee shall mail copies (upon payment, or provision for the payment, of the reasonable expenses of mailing) of such material to all such Securityholders with reasonable promptness after the
entry of such order and the renewal of such tender; otherwise the Trustee shall be relieved of any obligation or duty to such applicants respecting their application. 
  

 16 

 (c) Each and every Holder of Securities, by receiving and holding the same, agrees with
the Company and the Trustee that neither the Company nor the Trustee nor any agent of the Company or the Trustee shall be held accountable or liable by reason of the disclosure of any such information as to the names and addresses of the Holders of
Securities in accordance with the provisions of Section 4.02(b), regardless of the source from which such information was derived, and that the Trustee shall not be held accountable or liable by reason of mailing any material pursuant to a request
made under such Section 4.02(b). 
  
 SECTION 4.03. Reports by
the Company. The Company: 
  
 (a) will file
with the Trustee, within 15 days after the Company is required to file the same with the Commission, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the
Commission may from time to time by rules and regulations prescribe) that the Company may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act, or if the Company is not required to file
information, documents or reports pursuant to either of such Sections, then to file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic
information, documents and reports that may be required pursuant to Section 13 of the Securities Exchange Act or in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules
and regulations; 
  
 (b) will file with the
Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants
provided for in this Indenture as may be required from time to time by such rules and regulations; and 
  
 (c) will transmit by mail to the Holders of Securities in the manner and to the extent required by Section 6.06, within 30 days after the
filing thereof with the Trustee, such summaries of any information, documents and reports required to be filed by the Company pursuant to Sections 4.03(a) and (b) as may be required to be transmitted to such Holders by rules and regulations
prescribed from time to time by the Commission. 
  
 ARTICLE 5

 REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT 
  
 SECTION 5.01. Event of Default Defined; Acceleration of Maturity; Waiver of Default. “Event of
Default”, with respect to Securities of any Series, means any one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be
effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) unless it is either inapplicable to a particular Series or it is specifically deleted
or modified in or pursuant to the supplemental indenture or resolution of 
  

 17 

 the Board of Directors establishing such Series of Securities or in the form of Security for such Series: 
  
 (a) default in the payment of any installment of interest
upon any of the Securities of such Series as and when the same shall become due and payable, and continuance of such default for a period of 30 days; 
  
 (b) default in the payment of all or any part of the principal of any of the Securities of such Series as and when the same shall become
due and payable, either at maturity, upon any redemption, by declaration or otherwise; 
  
 (c) default in the performance or breach of any covenant or warranty contained in the Securities of such Series or in this Indenture
(other than a covenant or warranty a default in whose performance or whose breach is elsewhere in this Section 5.01 specifically dealt with or which has expressly been included in this Indenture solely for the benefit of one or more Series of
Securities other than that Series), and continuance of such default or breach for a period of 90 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at
least 25% in principal amount of the Outstanding Securities of that Series, a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; 
  
 (d) default under any bond, debenture, note or other
evidence of indebtedness of the Company, or under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any indebtedness of the Company, whether such indebtedness now exists or is
hereafter created, which default involves the failure to pay principal on indebtedness in excess of $40,000,000 at the final maturity thereof after the expiration of any applicable grace period with respect thereto or which has resulted in
indebtedness in excess of $40,000,000 becoming or being declared due and payable prior to the date on which it would otherwise become due and payable; 
  
 (e) the entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of the Company in an
involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or (B) a decree or order (1) adjudging the Company a bankrupt or insolvent, (2) approving as properly filed a petition
seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable federal or state law, (3) appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of
the Company or of any substantial part of its property or (4) ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order for relief or any such other decree or order unstayed and in effect for a period of
90 consecutive days; 
  
 (f) the commencement by
the Company of a voluntary case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the
entry of a decree or order for relief in respect of the Company 
  

 18 

 in an involuntary case or proceeding under any applicable federal or state bankruptcy, insolvency,
reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable federal or state
law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of the Company or of any substantial part of its
property, or the making by it of an assignment for the benefit of creditors; or 
  
 (g) any other Event of Default provided with respect to Securities of such Series in the supplemental indenture or resolution of the Board
of Directors establishing such Series. 
  
 If an Event of Default
occurs and is continuing with respect to the Securities of any Series, then and in each and every such case, unless the principal of all Securities of such Series shall have already become due and payable, either the Trustee for such Series or the
Holders of not less than 25% in aggregate principal amount at maturity of the Securities of such Series then Outstanding, by notice in writing to the Company and to the Trustee if given by such Holders, may declare the principal of all the
Securities of such Series to be due and payable immediately, and upon any such declaration the same shall become and shall be immediately due and payable. This provision, however, is subject to the condition that if at any time after the principal
of the Securities of such Series shall have been so declared due and payable, and before any judgment or decree for the payment of the amounts due shall have been obtained or entered as hereinafter provided, the Company shall have paid or deposited
with the Trustee sufficient funds to pay all matured installments of interest, if any, upon all the Securities of such Series and the principal of the Securities of such Series that shall have become due other than by such acceleration (with
interest upon such principal and, to the extent that payment of such interest is enforceable under applicable law, upon overdue installments of interest, at the rate borne by the Securities of such Series to the date of such payment or deposit) and
all other defaults under this Indenture, other than the nonpayment of the principal of Securities of such Series that shall have become due by such acceleration, shall have been remedied, then and in every such case the Holders of a majority in
aggregate principal amount at maturity of the Securities of such Series then Outstanding, by written notice to the Company and to the Trustee for the Securities of such Series, may waive all defaults 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. 
  
 SECTION 5.02. Collection of Indebtedness by Trustee; Trustee May Prove Debt. If the Company shall fail to pay any
installment of interest on any of the Securities of any Series when such interest shall have become due and payable, and such default shall have continued for a period of 30 days or shall fail to pay the principal of any of the Securities of any
Series when the same shall have become due and payable, whether upon maturity of the Securities of such Series or upon any redemption or by declaration or otherwise, then upon demand of the Trustee for the Securities of such Series, the Company will
pay to the Trustee for the Securities of such Series for the benefit of the Holders of the Securities of such Series the whole amount that then shall have become due and payable on all Securities of such Series for principal of or interest, as the
case may be (with interest to the date of such payment upon the overdue principal and, to the 
  

 19 

 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 specified in the Securities of such Series) and such further amount as shall be sufficient to cover the costs and expenses of collection, including reasonable compensation to and expenses incurred by the Trustee and each
predecessor Trustee and their respective agents, attorneys and counsel. 
  
 Until such demand is made by the Trustee, the Company may pay the principal of and interest on the Securities of any Series to the persons entitled thereto, whether or not the principal of and interest on the Securities of such Series are
overdue. 
  
 If the Company shall fail to pay such amounts upon
such demand, the Trustee for the Securities of such Series, in its own name and as trustee of an express trust, shall be entitled and empowered to institute any action or proceedings at law or in equity for the collection of the amounts so due and
unpaid. In any such case, the Trustee may prosecute any such action or proceedings to judgment or final decree and may enforce any such judgment or final decree against the Company or other obligor upon such Securities and collect in the manner
provided by law out of the property of the Company or other obligor upon such Securities, wherever situated, the amounts adjudged or decreed to be payable. 
  
 If (i) there shall be pending proceedings relative to the Company or any other obligor upon the Securities under Title 11 of the United States Code or any
other applicable federal or state bankruptcy, insolvency or other similar law, (ii) a receiver, assignee or trustee in bankruptcy or reorganization, liquidator, sequestrator or similar official shall have been appointed for or taken possession of
the Company or its property or such other obligor or (iii) any other comparable judicial proceedings relative to the Company or other obligor under the Securities of any Series, or to the creditors or property of the Company or such other obligor,
shall be pending, and irrespective of whether the principal of any Securities shall then be due and payable or whether the Trustee shall have made any demand pursuant to the provisions of this Section 5.02, the Trustee shall be entitled and
empowered, by intervention in such proceedings or otherwise: 
  
 (a) to file and prove a claim or claims for the whole amount of principal and interest owing and unpaid in respect of the Securities of any Series and to file such other papers or documents as may be necessary or
advisable in order to have the claims of the Trustee (including any claim for reasonable compensation to, and expenses incurred by, the Trustee and each predecessor Trustee, and their respective agents, attorneys and counsel) and of the
Securityholders allowed in any judicial proceedings relative to the Company or other obligor upon all Securities of any Series, or to the creditors or property of the Company or such other obligor; and 
  
 (b) to collect and receive any funds or other property
payable or deliverable on any such claims, and to distribute all amounts received with respect to the claims of the Securityholders and of the Trustee on their behalf; and any trustee, receiver, or liquidator, custodian or other similar official is
hereby authorized by each of the Holders to make payments to the Trustee for the Securities of such Series, and, in the event that such Trustee shall consent to the making of payments directly to the Securityholders, to pay to such Trustee such
amounts as shall be sufficient to cover reasonable compensation 
  

 20 

 to and expenses incurred by such Trustee, each predecessor Trustee and their respective agents, attorneys
and counsel and all other amounts due to such Trustee or any predecessor Trustee pursuant to Section 6.07. 
  
 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Securityholder any plan
of reorganization, arrangement, adjustment or composition affecting the Securities of any Series or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Securityholder in any such proceeding.

  
 All rights of action and of asserting claims under this
Indenture or under any of the Securities may be enforced by the Trustee for the Securities of such Series without the possession of any of the Securities of such Series or the production thereof at any trial or other proceedings relative thereto.
Any such action or proceedings instituted by the Trustee shall be brought in its own name as trustee of an express trust. Any recovery of judgment, subject to the prior payment of the expenses, disbursements, advances and compensation of the
Trustee, each predecessor Trustee and their respective agents and attorneys, shall be for the ratable benefit of the Holders of the Securities in respect of which such action was taken. 
  
 In any proceedings brought by the Trustee for the Securities of such Series, the Trustee shall be held to represent all the
Holders of the Securities in respect of which such action was taken, and it shall not be necessary to make any Holders of such Securities parties to any such proceedings. 
  
 SECTION 5.03. Application of Proceeds. Any amounts distributable by the Trustee for the Securities of such Series
pursuant to this Article 5 in respect of the Securities of any Series shall be applied in the following order at the date or dates fixed by such Trustee and, in case of the distribution of such amounts on account of principal or interest, upon
presentation of the several Securities in respect of which amounts have been collected and stamping or otherwise noting thereon the payment, or issuing Securities of such Series in reduced principal amounts in exchange for the presented Securities
of like Series if only partially paid, or upon surrender thereof if fully paid: 
  
 FIRST: To the payment of costs and expenses applicable to such Series in respect of which amounts have been collected, including
reasonable compensation to and expenses incurred by the Trustee and each predecessor Trustee and their respective agents and attorneys and all other amounts due to the Trustee or any predecessor Trustee pursuant to Section 6.07; 
  
 SECOND: To the payment of the amounts then due and unpaid
for principal of and interest on the Securities of such Series in respect of which amounts have been collected, such payments to be made ratably to the persons entitled thereto, without discrimination or preference, according to the amounts then due
and payable on such Securities for principal and interest; and 
  
 THIRD: To the payment of the remainder, if any, to the Company or any other Person lawfully entitled thereto. 
  

 21 

 SECTION 5.04. Restoration of Rights on Abandonment of Proceedings. If the Trustee for the
Securities of any Series shall have proceeded to enforce any right under this Indenture and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee, the Company and the
Trustee, subject to the determination in any such proceeding, shall be restored to their former positions and rights hereunder, and all rights, remedies and powers of the Company, the Trustee and the Securityholders shall continue as though no such
proceedings had been taken. 
  
 SECTION 5.05. Limitations on
Suits by Securityholders. No Holder of any Security of any Series shall have any right, by virtue or by availing of any provision of this Indenture, to institute any action or proceeding at law or in equity or in bankruptcy or otherwise with
respect to this Indenture, or for the appointment of a trustee, receiver, liquidator, custodian or other similar official or for any other remedy hereunder, unless such Holder previously shall have given to the Trustee written notice of an Event of
Default and of the continuance thereof and the Holders of not less than 25% in aggregate principal amount of the Securities of such Series then Outstanding shall have made written request upon the Trustee to institute such action or proceedings in
its own name as trustee hereunder and shall have offered to the Trustee indemnity and security reasonable to it as it may require, against the costs, expenses and liabilities to be incurred therein or thereby and the Trustee for 60 days after its
receipt of such notice, request and offer of indemnity shall have failed to institute any such action or proceeding and no direction inconsistent with such written request shall have been given to the Trustee during such 60-day period by Holders of
a majority in principal amount of the Securities of such Series then Outstanding; it being understood and intended, and being expressly covenanted by the Holder of every Security with every other Holder of a Security and the Trustee, that no one or
more Holders of Securities of any Series shall have any right in any manner whatever, by virtue or by availing of any provision of this Indenture, to affect, disturb or prejudice the rights of any other such Holder of Securities, or to obtain or
seek to obtain priority over or preference to any other such Holder or to enforce any right under this Indenture, except in the manner herein provided and for the equal, ratable and common benefit of all Holders of Securities of the applicable
Series. 
  
 SECTION 5.06. Unconditional Right of
Securityholders to Institute Certain Suits. Notwithstanding any provision in this Indenture and any provision of any Security, the right of any Holder of any Security to receive payment of the principal of and (subject to Section 2.07) interest
on such Security at the respective rates, in the respective amount on or after the respective due dates expressed in such Security, or to institute 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
5.07. Powers and Remedies Cumulative; Delay or Omission Not Waiver of Default. Except as provided in Sections 2.09 and 5.05, no right or remedy herein conferred upon or reserved to the Trustee or to the Securityholders is intended to be
exclusive of any other right or remedy, and every right and remedy, to the extent permitted by law, shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.
The assertion or employment of any right or remedy hereunder shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
  

 22 

 No delay or omission of the Trustee or of any Securityholder to exercise any right or power accruing upon
any Event of Default occurring and continuing as aforesaid shall impair any such right or power or shall be construed to be a waiver of any such Event of Default or an acquiescence therein. Subject to Section 5.05, every power and remedy given by
this Indenture or by law to the Trustee or to the Securityholders may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or the Securityholders. 
  
 SECTION 5.08. Control by Securityholders. The Holders of a majority in aggregate principal amount of the Securities
of each Series affected at the time Outstanding shall have the right to direct the time, method, and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred by this Indenture on the
Trustee with respect to the Securities of such Series; provided that such direction shall not be otherwise than in accordance with law and the provisions of this Indenture. The Trustee shall have the right to decline to follow any such direction if
the Trustee shall determine that the action or proceedings so directed would involve the Trustee in personal liability or if the Trustee in good faith shall so determine that the actions or forbearances specified in or pursuant to such direction
would be unduly prejudicial to the interests of Holders of the Securities of all Series so affected not joining in the giving of said direction, it being understood that the Trustee shall have no duty to ascertain whether or not such actions or
forbearances are unduly prejudicial to such Holders. 
  
 SECTION
5.09. Waiver of Past Defaults. The Holders of a majority in aggregate principal amount of the Securities of such Series at the time Outstanding, on behalf of the Holders of all the Securities of such Series, may waive any past default
hereunder or its consequences, except a default in the payment of the principal of or interest on any of the Securities of such Series. 
  
 Upon any such waiver, such default shall cease to exist and be deemed to have been cured and not to have occurred, and any Event of Default arising
therefrom shall be deemed to have been cured and not to have occurred 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 thereon. 
  
 SECTION 5.10. Right of Court to Require Filing of Undertaking to Pay
Costs. Any court in its discretion may require, in any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party
litigant in such suit of an undertaking to pay the costs of such suit. Any such court in its discretion may assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard
to the merits and good faith of the claims or defenses made by such party litigant. The provisions of this Section 5.10 shall not apply, however, to any suit instituted by the Trustee, to any suit instituted by any Securityholder or group of
Securityholders of any Series holding in the aggregate more than 10% in aggregate principal amount of the Securities of such Series or to any suit instituted by any Securityholder for the enforcement of the payment of the principal of or interest on
any Security on or after the due date expressed in such Security. 
  

 23 

 SECTION 5.11. Suits for Enforcement. If an Event of Default has occurred, has not been waived and
is continuing, the Trustee in its discretion may proceed to protect and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any of such rights,
either at law or in equity or in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture or to enforce any other legal or
equitable right vested in the Trustee by this Indenture or by law. 
  
 ARTICLE 6 
 CONCERNING THE TRUSTEE 
  
 SECTION 6.01. Duties of Trustee. 
  
 (a) If an Event of Default has occurred and is continuing with respect to the Securities of any Series, the
Trustee shall exercise the rights and powers vested in it by this Indenture and use the same degree of care and skill in its exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

  
 (b) Except during the continuance of an Event
of Default with respect to the Securities of any Series: 
  
 (i) the Trustee need perform only those duties that are specifically set forth in this Indenture and the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set
forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 
  
 (ii) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of
the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, in the case of any such certificates or opinions which by any provision hereof are specifically
required to be furnished to the Trustee, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture. 
  
 (c) The Trustee may not be relieved from liability for its own negligent action, its own negligent failure
to act or its own willful misconduct, except that: 
  
 (i) this paragraph (c) does not limit the effect of paragraph (b) of this Section 6.01; 
  
 (ii) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer unless it is proved that the
Trustee was negligent in ascertaining the pertinent facts; 
  

 24 

 (iii) the Trustee shall not be liable with respect to any action it takes or omits to
take in good faith in accordance with a direction received by it pursuant to Section 5.08; 
  
 (iv) the Trustee and Paying Agent shall not be liable for interest on any funds or other assets received by it or for holding funds or
other assets uninvested hereunder except as otherwise agreed in writing with the Company. Amounts held by the Trustee or Paying Agent in trust hereunder need not be segregated from other funds except to the extent required by law; and 
  
 (v) no provision of this Indenture shall require the Trustee
to extend or risk its own funds or otherwise incur any financial liability unless it receives indemnity and security satisfactory to it against any loss, liability or expense. 
  
 (d) Whether or not expressly so provided herein, every provision of this Indenture that in any way relates
to the Trustee is subject to the provisions of this Section 6.01. 
  
 SECTION 6.02. Rights of Trustee. 
  
 (a) The Trustee may rely on, and shall be protected in relying upon, any document believed by it to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in the
document. 
  
 (b) Before the Trustee acts or
refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or Opinion of Counsel.

  
 (c) The Trustee shall not be liable for any
action it takes or omits to take in good faith which it believes to be authorized or within its rights or powers. 
  
 (d) Before the Trustee acts or refrains from acting, 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 in accordance with such advice or Opinion of Counsel.

  
 (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 or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee reasonable indemnity and security to it
against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. 
  
 (f) The Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents
or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder. 
  

 25 

 (g) 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, Officers’ Certificate or other certificate, 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 Outstanding Securities of
each affected Series; 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, in the opinion of the Trustee, is not reasonably
assured to the Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require reasonable indemnity and security against such expenses or liabilities as a condition to proceeding. 
  
 (h) The Trustee shall not be required to give any bond or
surety in respect of the performance of its powers and duties hereunder. 
  
 (i) The Trustee shall not be bound to ascertain or inquire as to the performance or observance of any covenants, conditions or agreements on the part of the Company, except as otherwise required herein, but the
Trustee may require of the Company full information and advice as to the performance of the covenants, conditions and agreements contained herein and shall be entitled in connection herewith to examine the books, records and premises of the Company.

  
 (j) The permissive rights of the Trustee to
do things enumerated in this Indenture shall not be construed as a duty and the Trustee shall not be answerable for other than its negligence or willful default. 
  
 (k) Except for a default under Section 5.01(a) or (b), the Trustee shall not be deemed to have notice of any
default or Event of Default unless a Responsible Officer of the Trustee is specifically notified in writing of such event by the Company or the Holders of not less than 25% in aggregate principal amount of the Outstanding Securities of each affected
Series. 
  
 (l) 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. 
  
 (m) The Trustee shall not be liable for any action taken, suffered or omitted to be taken by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; 

 
 (n) Anything in this Indenture notwithstanding, in no
event shall the Trustee be liable to the Company for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including but not limited to loss of profit), even if the Trustee has been advised as to the likelihood of such
loss or damage and regardless of the form of action. 
  

 26 

 SECTION 6.03. 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 Trustee. Any Paying Agent, registrar or co-registrar may do the same with like rights. However,
the Trustee must comply with Sections 6.10 and 6.11. 
  
 SECTION
6.04. Trustee’s Disclaimer. The Trustee makes no representation as to and shall have no responsibility or liability for the validity or adequacy of this Indenture or the Securities. The Trustee shall not be accountable or liable for the
Company’s use of the proceeds from the Securities and shall not be responsible for any statement in any registration statement for the Securities filed with the Commission under the Securities Act (other than its Statement of Eligibility on
Form T-1) or in the Indenture (other than its eligibility under Section 6.10) or the Securities (other than its certificate of authentication). 
  
 SECTION 6.05. Notice of Defaults. If a default occurs and is continuing with respect to any Securities of any Series and if a Responsible Officer
of the Trustee has actual knowledge of such default, the Trustee shall give to each Securityholder of such Series notice of the default within 90 days after such default occurs. Except in the case of a default described in Section 5.01(a) or (b),
the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of Securityholders of such Series. 
  
 SECTION 6.06. Reports by Trustee to Holders. Within 60 days after each
May 15 beginning with the May 15 following the date of this Indenture, the Trustee shall mail to each Securityholder of any Series and each other Person specified in Section 313(c) of the Trust Indenture Act a brief report dated as of such May 15
that complies with Section 313(a) of the Trust Indenture Act to the extent required thereby. The Trustee also shall comply with Section 313(b) of the Trust Indenture Act. 
  
 The Trustee will file a copy of each report, at the time of its mailing to Securityholders of any Series, with the
Commission and each securities exchange on which the Securities of any Series are listed. The Company promptly will notify the Trustee whenever the Securities of any Series become listed on any securities exchange and of any delisting thereof.

  
 SECTION 6.07. Compensation and Indemnity. The Company:

  
 (a) will pay to the Trustee from time to
time, and the Trustee shall be entitled to, such compensation as shall be agreed to in writing between the Company and the Trustee for all services rendered by it hereunder, which compensation shall not be limited by any provision of law in regard
to the compensation of a trustee of an express trust; 
  
 (b) will reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture, including the reasonable compensation and expenses
of its agents and counsel, except to the extent any such compensation or expense is attributable to its negligence or willful misconduct; and 
  

 27 

 (c) will indemnify the Trustee, its directors, officer, agents and employees for, and to
hold them harmless against, any loss, liability or expense arising out of or in connection with the acceptance or administration of this trust or the performance of the Trustee’s duties hereunder, including the reasonable costs and expenses of
defending itself against or investigating any claim or liability in connection with the exercise or performance of any of the Trustee’s rights, powers or duties hereunder, except to the extent that any such loss, liability or expense is
attributable to its negligence or willful misconduct. 
  
 As
security for the performance of the Company’s obligations under this Section 6.07, the Trustee shall have a lien prior to the Securities on all funds or property held or collected by the Trustee, except for those funds that are held in trust to
pay the principal of or interest, if any, on particular Securities. 
  
 “Trustee” for purpose of this Section 6.07 includes any predecessor trustee; provided that the negligence or misconduct of any Trustee shall not be attributable to any other Trustee. 
  
 The Company’s payment obligations pursuant to this Section 6.07 shall
constitute additional indebtedness hereunder and shall survive the discharge of this Indenture and/or resignation or removal of the Trustee. When the Trustee incurs expenses after the occurrence of a default specified in Sections 5.01(d) and (e),
such expenses, including reasonable fees and expenses of counsel, are intended to constitute expenses of administration under bankruptcy law. 
  
 SECTION 6.08. Replacement of Trustee. The Trustee may resign at any time with respect to Securities of one or more Series by so notifying the
Company. No such resignation, however, shall be effective until a successor Trustee has accepted its appointment pursuant to this Section 6.08. The Holders of a majority in aggregate principal amount of the Outstanding Securities of any Series may
remove the Trustee with respect to such Series by so notifying the Trustee and the Company. The Company shall remove the Trustee if: 
  
 (a) the Trustee fails to comply with Section 6.10; 
  
 (b) the Trustee is adjudged bankrupt or insolvent; 
  
 (c) a receiver or public officer takes charge of the Trustee
or its property; or 
  
 (d) the Trustee otherwise
becomes incapable of acting. 
  
 If the Trustee resigns or is
removed or if a vacancy exists in the office of Trustee for any reason, with respect to the Securities of one or more Series, the Company shall promptly appoint, by resolution of its Board of Directors, a successor Trustee with respect to the
Securities of such Series. 
  
 A successor Trustee shall deliver a
written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the
Trustee under this Indenture with respect to the Securities of such Series. The successor Trustee shall mail a notice of its succession to Securityholders so affected. The retiring Trustee shall 

  

 28 

 
promptly transfer all funds and property held by it as Trustee to the successor Trustee, subject to the lien provided for in Section 6.07. 
  
 If a successor Trustee does not take office within 30 days after the retiring
Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of a majority in aggregate principal amount of the Outstanding Securities of each affected Series may petition any court of competent jurisdiction for the appointment of
a successor Trustee. 
  
 If the Trustee fails to comply with
Section 6.10, any Securityholder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
  
 SECTION 6.09. Successor Trustee by Merger. If the Trustee consolidates with, merges or converts into or transfers all or substantially all its
corporate trust business or assets to another corporation, the resulting, surviving or transferee corporation without any further act shall be the successor Trustee. 
  
 SECTION 6.10. Eligibility; Disqualification. The Trustee shall at all times satisfy the requirements of Section
310(a)(1) of the Trust Indenture Act. The Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition. Neither the Company nor any person directly or indirectly
controlling, controlled by or under common control with the Company shall serve as Trustee hereunder. The Trustee shall comply with Section 310(b) of the Trust Indenture Act; provided, however, that there shall be excluded from the operation of TIA
§310(b)(1) any indenture or indentures under which other securities or certificates of interest or participation in other securities of the Company are outstanding if the requirements for such exclusion set forth in TIA §310(b)(1) are met.

  
 For purposes of Section 310(b)(1) of the Trust Indenture Act
and to the extent permitted thereby, the Trustee, in its capacity as trustee in respect of the Securities of any series, shall not be deemed to have a conflict of interest arising from its capacity as trustee in respect of the Securities of any
other series. 
  
 Nothing herein shall prevent the Trustee from
filing with the Commission the application referred to in the second to last paragraph of Section 310(b) of the Trust Indenture Act. 
  
 SECTION 6.11. Preferential Collection of Claims Against Company. The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding
any creditor relationship listed in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent indicated therein. 
  
 ARTICLE 7 
 CONCERNING THE SECURITYHOLDERS 
  
 SECTION 7.01. Evidence of Action Taken by Securityholders. 
  
 (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken
by a specified percentage in principal amount of the Securityholders of any or all Series may be embodied in and 
  

 29 

 evidenced by one or more instruments of substantially similar tenor signed by such specified percentage
of Securityholders in person or by agent duly appointed in writing. Except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee. Proof of execution of any
instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and, subject to Sections 6.01 and 6.02, conclusive in favor of the Trustee and the Company, if made in the manner provided in this Article 7.

  
 (b) The ownership of Securities shall be
proved by the Security register. 
  
 SECTION 7.02. Proof of
Execution of Instruments. Subject to Sections 6.01 and 6.02, the execution of any instrument by a Securityholder or his agent or proxy may be proved in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or
in such manner as shall be satisfactory to the Trustee. 
  
 SECTION 7.03. Holders to Be Treated as Owners. The Company, the Trustee and any agent of the Company or the Trustee may deem and treat the person in whose name any Security shall be registered upon the Security register for such
Series as the absolute owner of such Security (whether or not such 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
interest on such Security and for all other purposes. Neither the Company nor the Trustee nor any agent of the Company or the Trustee shall be affected by any notice to the contrary. All payments made to any such person, or upon his order, shall be
valid and, to the extent of the sum or sums so paid, effectual to satisfy and discharge the liability for amounts payable upon any such Security. 
  
 SECTION 7.04. Securities Owned by Company Deemed Not Outstanding. In determining whether the Holders of the requisite aggregate principal amount of
Outstanding Securities of any or all Series have concurred in any direction, consent or waiver under this Indenture, Securities that are owned by the Company or any other obligor on the Securities with respect to which such determination is being
made, or by any person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any other obligor on the Securities with respect to which such determination is being made, shall be
disregarded and deemed not to be Outstanding for the purpose of any such determination. For the purpose of determining whether the Trustee shall be protected in relying on any such direction, consent or waiver, only Securities that a Responsible
Officer of the Trustee actually knows are so owned shall be so disregarded. Securities so owned that have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s
right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any person directly or indirectly controlling or controlled by or under direct or indirect common control with the
Company or any other obligor on the Securities. 
  
 SECTION
7.05. Right of Revocation of Action Taken. At any time prior to the evidencing to the Trustee, as provided in Section 7.01, of the taking of any action by the Holders of the percentage in aggregate principal amount of the Securities of any
Series specified in this Indenture in connection with such action, any Holder of a Security the serial number of which is 
  

 30 

 shown by the evidence to be included among the serial numbers of the Securities the Holders of which have consented to
such action, by filing written notice at the Corporate Trust Office and upon proof of holding as provided in this Article 7, may revoke such action so far as concerns such Security. Except as aforesaid any such action taken by the Holder of any
Security shall be conclusive and binding upon such Holder and upon all future Holders and owners of such Security and of any Securities issued in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is
made upon any such Security. Any action taken by the Holders of the percentage in aggregate principal amount of the Securities of any Series specified in this Indenture in connection with such action shall be binding upon the Company, the Trustee
and the Holders of all the Securities affected by such action. 
  
 ARTICLE 8 
 SUPPLEMENTAL INDENTURES 
  
 SECTION 8.01. Supplemental Indentures Without Consent of Securityholders. The Company, when authorized by a
resolution of its Board of Directors, and the Trustee for the Securities of any Series from time to time and at any time may enter into an indenture or indentures supplemental hereto, which shall conform to the provisions of the Trust Indenture Act
as in force at the date of the execution thereof, in form satisfactory to such Trustee, for one or more of the following purposes: 
  
 (a) to convey, transfer, assign, mortgage or pledge any property or assets to the Trustee as security for the Securities of one or more
Series; 
  
 (b) to evidence the succession of
another corporation to the Company, or successive successions, and the assumption by the successor corporation of the covenants, agreements and obligations of the Company pursuant to Article 9; 
  
 (c) to add to the covenants of the Company such further
covenants, restrictions, conditions or provisions for the protection of the Holders of Securities of any Series and, if such additional covenants are to be for the benefit of less than all the Series of Securities, stating that such covenants are
being added solely for the benefit of such Series; 
  
 (d) to cure any ambiguity or to correct or supplement any provision contained herein or in any supplemental indenture that may be defective or inconsistent with any other provision contained herein or in any supplemental indenture, or to
make such other provisions in regard to matters or questions arising under this Indenture or under any supplemental indenture as the Board of Directors may deem necessary or desirable and that shall not materially and adversely affect the interests
of the Holders of the Securities; 
  
 (e) to
establish the form or terms of Securities of any Series as permitted by Sections 2.01 and 2.03; or 
  
 (f) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or
more Series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or 

  

 31 

 
facilitate the administration of the trusts hereunder by more than the one Trustee, pursuant to the requirements of Section 6.08. 
  
 The Trustee is hereby authorized to join with the Company in the execution of
any such supplemental indenture, to make any further appropriate agreements and stipulations that may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property thereunder, but the Trustee shall not
be obligated to enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
  

Any supplemental indenture authorized by the provisions of this Section 8.01 may be executed without the consent of the Holders of any of the
Securities at the time Outstanding, notwithstanding any of the provisions of Section 8.02. 
  
 SECTION 8.02. Supplemental Indentures with Consent of Securityholders. With the consent (evidenced as provided in Article 7) of the Holders of not less than a majority in aggregate principal amount of the
Outstanding Securities of each Series affected by such supplemental indenture, the Company, when authorized by a resolution of its Board of Directors, and the Trustee for such Series of Securities, from time to time and at any time, may enter into
an indenture or indentures supplemental hereto, which shall conform to the provisions of the Trust Indenture Act as in force at the date of execution thereof, for the purpose of adding any provisions to or changing in any manner or eliminating any
of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of the Securities of each such Series. No such supplemental indenture, however, shall: 
  
 (a) extend the final maturity date of any Security, reduce
the principal amount thereof, reduce the rate or extend the time of payment of interest thereon, reduce any amount payable on redemption thereof, impair or affect the right of any Securityholder to institute suit for payment thereof or, if the
Securities provide therefor, affect any right of repayment at the option of the Securityholder without the consent of the Holder of each Security so affected; 
  

(b) reduce the aforesaid percentage of Securities of any Series, the consent of the Holders of which is required for any such
supplemental indenture, without the consent of the Holders of each Security so affected; or 
  
 (c) reduce the amount of principal payable upon acceleration of the maturity date of any Original Issue Discount Security. 
  
 Upon the request of the Company, accompanied by a copy of a resolution of the
Board of Directors certified by the secretary or an assistant secretary of the Company authorizing the execution of any such supplemental indenture, and upon the filing with the Trustee for such Series of Securities of evidence of the consent of the
Securityholders as aforesaid and other documents, if any, required by Section 7.01, the Trustee for such Series of Securities shall join with the Company in the execution of such supplemental indenture. If such supplemental indenture affects such
Trustee’s own rights, duties or immunities under this Indenture or 

  

 32 

 
otherwise, such Trustee in its discretion may, but shall not be obligated to, enter into such supplemental indenture. 
  
 It shall not be necessary for the consent of the Securityholders under this
Section 8.02 to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 
  
 Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of this
Section 8.02, the Company shall give notice in the manner and to the extent provided in Section 11.04 to the Holders of Securities of each Series affected thereby at their addresses as they shall appear on the Security register, setting forth in
general terms the substance of such supplemental indenture. Any failure of the Company to mail such notice, or any defect therein, shall not in any way impair or affect the validity of any such supplemental indenture. 
  
 SECTION 8.03. Effect of Supplemental Indenture. Upon the execution of
any supplemental indenture pursuant to the provisions hereof, this Indenture shall be and be deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this
Indenture of the Trustee, the Company and the Holders of Securities of each Series affected thereby shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and
conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 
  
 SECTION 8.04. Documents to Be Given to Trustee. The Trustee, subject to the provisions of Sections 6.01 and 6.02, shall receive an Officers’
Certificate and an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant to this Article 8 complies with the applicable provisions of this Indenture. 
  
 SECTION 8.05. Notation on Securities in Respect of Supplemental Indentures. Securities of any Series authenticated
and delivered after the execution of any supplemental indenture pursuant to the provisions of this Article 8 may bear, upon the direction of the Company, a notation in form satisfactory to the Trustee for the Securities of such Series as to any
matter provided for by such supplemental indenture. If the Company or the Trustee shall so determine, new Securities of any Series so modified as to conform, in the opinion of the Trustee and the Board of Directors, to any modification of this
Indenture contained in any such supplemental indenture may be prepared by the Company, authenticated by the Trustee and delivered in exchange for the Outstanding Securities of such Series. 
  
 ARTICLE 9 
 CONSOLIDATION, MERGER, SALE OR CONVEYANCE 
  
 SECTION 9.01. Company May Consolidate, Etc. on Certain Terms. The Company may consolidate with or merge with or into, or sell, convey or lease all
or substantially all of its assets to, any other corporation; provided that in any such case: 
  
 (a) either the Company shall be the continuing corporation, or the successor corporation shall be organized and validly existing under the
laws of the United States of 
  

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 America or any State thereof or the District of Columbia and shall expressly assume the due and punctual
payment of the principal of and interest on all the Securities according to their tenor, and the due and punctual performance and observance of all of the covenants and conditions of this Indenture to be performed or observed by the Company by
supplemental indenture satisfactory to the Trustee, executed and delivered to the Trustee by such corporation, and 
  
 (b) the Company or such successor corporation, as the case may be, shall not be in material default immediately after such consolidation,
merger, sale, conveyance or lease in the performance or observance of any such covenant or condition. 
  
 SECTION 9.02. Successor Corporation Substituted. In case of any such consolidation, merger, sale, lease or conveyance, and following such an
assumption by the successor corporation, such successor corporation shall succeed to and be substituted for the Company, with the same effect as if it had been named herein. Such successor corporation may cause to be signed, and may issue either in
its own name or in the name of the Company prior to such succession any or all of the Securities issuable hereunder that shall not have been signed by the Company and delivered to the Trustee; and, upon the order of such successor corporation
instead of the Company and subject to all the terms, conditions and limitations in this Indenture, the Trustee shall authenticate and shall make available for delivery any Securities that shall have been signed and delivered by the officers of the
Company to the Trustee for authentication, and any Securities which such successor corporation thereafter shall cause to be signed and delivered to the Trustee for that purpose. All of the Securities so issued shall in all respects have the same
legal rank and benefit under this Indenture as the Securities theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such Securities had been issued at the date of the execution hereof. 
  
 In case of any such consolidation, merger, sale, lease or conveyance such
changes in phraseology and form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate. 
  
 In the event of any such sale or conveyance the Company (or any successor corporation which shall theretofore have become such in the manner described in
this Article 9) shall be discharged from all obligations and covenants under this Indenture and the Securities and may be liquidated and dissolved. 
  
 SECTION 9.03. Opinion of Counsel to Trustee. The Trustee, subject to the provisions of Sections 6.01 and 6.02, shall receive an Opinion of Counsel,
prepared in accordance with Section 11.05, as conclusive evidence that any such consolidation, merger, sale, lease or conveyance, and any such assumption, and any such liquidation or dissolution, complies with the applicable provisions of this
Indenture. 
  
 ARTICLE 10 
 SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED FUNDS 
  
 SECTION 10.01. Satisfaction and Discharge of Indenture. 
  

(a) If at any time: 
  
 (i) the Company shall have paid or caused to be paid the principal of and interest on all the Outstanding Securities of any Series as and
when the same shall have become due and payable, 
  

 34 

 (ii) 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 have been destroyed, lost or stolen and which shall have been replaced or paid as provided in Section 2.09) or 
  
 (iii) (A) 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 (B) the Company shall have irrevocably deposited or caused to be deposited with the Trustee as trust funds the entire amount or Government Obligations maturing as to principal and interest in such amounts and at
such times as will ensure the availability of funds 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 2.09) not theretofore delivered to the Trustee for cancellation, including principal and interest due or to become due to such date of maturity as the case may be, and if, in any such case, the Company shall
also pay or cause to be paid all other amounts 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 (1) rights of registration of transfer and
exchange, (2) substitution of mutilated, defaced, destroyed, lost or stolen Securities, (3) rights of Holders to receive payments of principal thereof and interest thereon upon the original stated due dates therefor and remaining rights of the
Holders to receive mandatory sinking fund payments, if any, (4) the rights, obligations and immunities of the Trustee hereunder and (5) the rights of the Securityholders of such Series as beneficiaries hereof with respect to the property so
deposited with the Trustee payable to all or any of them). Subject to Section 10.05, 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. The Company will reimburse the Trustee for any costs or expenses thereafter reasonably and properly incurred and will
compensate the Trustee for any services thereafter reasonably and properly rendered by the Trustee in connection with this Indenture and the Securities of such Series. 
  
 (b) In addition to its rights to discharge this Indenture pursuant to Section 10.01(a), the Company may
defease the covenants applicable to any Series of Securities, as provided in this Section 10.01(b), by complying with the provisions of this Section 10.01(b): 
  

(i) The Company, at its option at any time, may exercise its right to elect to have defeasance under Section 10.01(b)(ii) be applied to
the Outstanding Securities of any Series; provided that provision is made for such right pursuant to Section 2.03 and the applicable conditions thereto as set forth in this Section 10.01(b) have been satisfied. 
  

 35 

 (ii) Upon the Company’s exercise of the right referenced in Section 10.01(b)(i)
applicable to this Section 10.01(b)(ii), the Company may terminate its obligations under the Outstanding Securities of any Series and this Indenture with respect to such Series on the date the conditions set forth in Section 10.01(b)(iii) are
satisfied (“defeasance”). For this purpose, defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by the Outstanding Securities of such Series and to have satisfied all its
other obligations under such Securities and this Indenture insofar as such Securities are concerned, except for the following: (A) the rights of Holders of Outstanding Securities of such Series to receive payments in respect of the principal of and
interest on such Securities when such payments are due; (B) the Company’s obligations with respect to such Securities and the Trustee under Sections 2.08, 2.09, 3.02, 6.07, 10.04 and 10.05; (C) the rights, powers, trusts, indemnities, duties
and immunities of the Trustee hereunder; and (D) this Section 10.01(b). 
  
 (iii) The following shall be the conditions to the application of Section 10.01(b)(ii) to the Outstanding Securities of such Series: 
  
 (A) The Company shall have irrevocably deposited or caused to be deposited with the Trustee under the terms
of an irrevocable trust agreement, as trust funds in trust solely for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of Securities of such Series, (I) cash in
the currency or currency unit required, (II) Government Obligations maturing as to principal and interest in such amounts (payable in the currency in which the Securities of such Series are payable) and at such times as are sufficient to pay the
principal of and interest on the Outstanding Securities of such Series to maturity or redemption, as the case may be, or (III) a combination thereof, in each case sufficient, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee to pay and discharge, (x) the principal of and each installment of interest, if any, on the
Outstanding Securities of such Series on the stated maturity of such principal or installment of interest, if any, and (y) any mandatory sinking fund payments or analogous payments applicable to the Outstanding 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 such Securities. Such irrevocable trust agreement shall include, among other things, (a) provision for the payments referenced in clauses (x) and (y) of

  

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 the immediately preceding sentence, (b) the payment of the reasonable expenses of the Trustee incurred
or to be incurred in connection with carrying out such trust provisions, (c) rights of registration of transfer, substitution and exchange of Securities of such Series in accordance with the terms stated in this Indenture and (d) continuation of the
rights and obligations and immunities of the Trustee as against the Holders of Securities of such Series as stated in this Indenture. 
  
 (B) No Event of Default or event which with notice or lapse of time or both would constitute an Event of Default with respect to the
Securities of such Series shall have occurred and be continuing on the date of such deposit or, insofar as Sections 5.01(e) and 5.01(f) are concerned, at any time during the period ending on the 91st day after the date of such deposit (it being
understood that this condition shall not be deemed satisfied until the expiration of such period). 
  
 (C) Such defeasance shall not result in a breach or violation of, or constitute a default under, this Indenture. 
  
 (D) The Company shall have delivered to the Trustee an
Opinion of Counsel to the effect that Securityholders of such Series will not recognize income, gain or loss for federal income tax purposes as a result of such deposit and discharge and will be subject to federal income tax on the same amounts and
in the same manner and at the same time as would have been the case if such deposit and defeasance had not occurred, and which Opinion of Counsel must be based upon (x) a ruling of the U.S. Internal Revenue Service to the same effect or (y) a change
in applicable U.S. federal income tax law after the date of the Indenture such that a ruling is no longer required. 
  
 (E) The Company shall have delivered to the Trustee an Officers’ Certificate and Opinion of Counsel, each stating that all
conditions precedent provided for herein relating to the deposit and defeasance contemplated by this Section 10.01(b) have been complied with. 
  
 SECTION 10.02. Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.04, all funds deposited with the Trustee
pursuant to Section 10.01 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 funds have been
deposited with the Trustee, of all amounts due and to become due thereon for principal and interest; but such funds need not be segregated from other funds except to the extent required by law. 
  
 SECTION 10.03. Repayment of Amounts Held by Paying Agent. In
connection with the satisfaction and discharge of this Indenture with respect to Securities of any Series, all amounts then held by any Paying Agent (other than the Company) under the provisions of this Indenture 
  

 37 

 with respect to such Series of Securities, upon written demand of the Company, shall be paid to the Trustee and thereupon
such Paying Agent shall be released from all further liability with respect to such amounts. 
  
 SECTION 10.04. Return of Unclaimed Amounts Held by Trustee and Paying Agent. Any amounts deposited with or paid to the Trustee or any Paying Agent (including the Company acting as its own 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, upon the written request of the
Company, unless otherwise required by mandatory provisions of applicable escheat or abandoned or unclaimed property law, promptly shall be repaid to the Company by the Trustee for such Series or such Paying Agent (except that with respect to any
amounts then held by the Company in trust as its own Paying Agent no such request need be given and at such time the Company shall be discharged from its duty to hold such amounts in trust as Paying Agent). The Holder of the Security of such Series
thereafter shall 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 amounts thereupon shall cease. Anything in this Article 10 to the
contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon the written request of the Company any funds or Government Obligations held by it as provided in Section 10.01(b)(iii) 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 such defeasance in
accordance with the provisions of this Indenture. 
  
 SECTION
10.05. Reinstatement of Company’s Obligations. If the Trustee is unable to apply any funds or Government Obligations in accordance with Section 10.01 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 of any Series for which such application is prohibited shall be revived and reinstated as
if no deposit had occurred pursuant to Section 10.01 until such time as the Trustee is permitted to apply all such funds or Government Obligations in accordance with Section 10.01. If the Company has made any payment of interest on or principal of
any of such Securities because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Securityholders of such Securities to receive such payment from the funds or Government Obligations held by the Trustee.

  
 ARTICLE 11 
 MISCELLANEOUS PROVISIONS 
  
 SECTION 11.01. Incorporators, Shareholders, Officers and Directors of Company Exempt from Individual Liability. No recourse under or upon any
obligation, covenant or agreement contained in this Indenture or in any Security shall be had against any incorporator as such or against any past, present or future shareholder, officer or director of the Company or of any successor, either
directly or through the Company or any successor, 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 by the Holders thereof and as part of the consideration for the issue of the Securities. 
  

 38 

 SECTION 11.02. Provisions of Indenture for the Sole Benefit of Parties and Securityholders.
Nothing in this Indenture or in the Securities, expressed or implied, shall give or be construed to give to any Person, firm or corporation, other than the parties hereto, any Paying Agent and their successors hereunder and the Holders of the
Securities any legal or equitable right, remedy or claim under this Indenture or under any covenant or provision herein contained, all such covenants and provisions being for the sole benefit of the parties hereto and their successors and of the
Holders of the Securities. 
  
 SECTION 11.03. Successors and
Assigns of Company Bound by Indenture. All the covenants, stipulations, promises and agreements in this Indenture contained by or on behalf of the Company shall bind its successors and assigns, whether so expressed or not. 
  
 SECTION 11.04. Notices and Demands on Company, Trustee and
Securityholders. Any notice or demand that by any provision of this Indenture is required or permitted to be given or served by the Trustee or by the Holders of Securities to or on the Company may be given or served by being deposited postage
prepaid, first-class mail (except as otherwise specifically provided herein) addressed (until another address of the Company is filed by the Company with the Trustee) to Horace Mann Educators Corporation, 1 Horace Mann Plaza, Springfield, IL
62715-0001, Attention: Corporate Secretary. Any notice, direction, request or demand by the Company or any Securityholder to or upon the Trustee shall be deemed to have been sufficiently given or made, for all purposes, if given or made at the
Corporate Trust Office. 
  
 Where this Indenture provides for
notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed by first-class mail, postage prepaid to such Holders as their names and addresses appear in the Security
register within the time prescribed. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the
equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. In any case where notice to Holders is
given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed to any particular Holder shall affect the sufficiency of such notice with respect to other Holders, and any notice which is mailed in the manner herein
provided shall be conclusively presumed to have been duly given. 
  
 In case, by reason of the suspension of or irregularities in regular mail service, it shall be impracticable to mail notice to the Company and Securityholders when such notice is required to be given pursuant to any provision of this
Indenture, then any manner of giving such notice as shall be reasonably acceptable to the Trustee shall be deemed to be a sufficient giving of such notice. 
  
 SECTION 11.05. Officers’ Certificates and Opinions of Counsel; Statements to Be Contained Therein. Upon any application or demand by the
Company to the Trustee to take any action under any of the provisions of this Indenture, the Company shall furnish to the Trustee an 
  

 39 

 Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the
proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or demand as to which the
furnishing of such documents is specifically required by any provision of this Indenture relating to such particular application or demand, no additional certificate or opinion need be furnished. 
  
 Each certificate or opinion provided for in this Indenture and delivered to
the Trustee with respect to compliance with a condition or covenant provided for in this Indenture shall include: 
  
 (a) a statement that the person making such certificate or opinion has read such covenant or condition; 
  
 (b) a brief statement as to the nature and scope of the
examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
  
 (c) a statement that, in the opinion of such person, he or she has made such examination or investigation as is necessary to enable him or
her 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 such person, such condition or covenant has been complied with. 
  
 Any certificate, statement or opinion of an officer of the Company may be
based, insofar as it relates to legal matters, upon a certificate or opinion of or representations by counsel, unless such officer knows that the certificate or opinion or representations with respect to the matters upon which his certificate,
statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are erroneous. Any certificate, statement or opinion of counsel may be based, insofar as it relates to factual matters or
information with respect to which is in the possession of the Company, upon the certificate, statement or opinion of or representations by an officer or officers of the Company, unless such counsel knows that the certificate, statement or opinion or
representations with respect to the matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are erroneous. 
  
 Any certificate, statement or opinion of an officer of the Company or of
counsel may be based, insofar as it relates to accounting matters, upon a certificate or opinion of or representations by an accountant or firm of accountants in the employ of the Company, unless such officer or counsel, as the case may be, knows
that the certificate or opinion or representations with respect to the accounting matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are
erroneous. 
  
 SECTION 11.06. Payments Due on Saturdays,
Sundays and Holidays. Unless otherwise specified in a Security, if the date of maturity of interest on or principal of the Securities of any Series or the date fixed for redemption or repayment of any such Security shall not be a Business

  

 40 

 Day, payment of interest or principal need not be made on such date, but may be made on the next succeeding Business Day
with the same force and effect as if made on the date of maturity or the date fixed for redemption, and no interest shall accrue for the period after such date. 
  

SECTION 11.07. Conflict of Any Provision of Indenture with Trust Indenture Act. If and to the extent that any provision of this Indenture
limits, qualifies or conflicts with another provision included in this Indenture which is required by the Trust Indenture Act, such required provision shall control. If any provision of this Indenture modifies or excludes any provision of the Trust
Indenture Act that may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or to be excluded, as the case may be. 
  
 SECTION 11.08. New York Law to Govern. This Indenture and each Security, and any disputes or controversies arising
hereunder and thereunder, shall be deemed to be a contract under the internal laws of the State of New York (other than principles of law that would apply the law of another jurisdiction), and for all purposes shall be construed and enforced in
accordance with and governed by the laws of said State. 
  
 SECTION 11.09. Counterparts. This Indenture may be executed in any number of counterparts, each of which shall be an original; but such counterparts shall together constitute but one and the same instrument. 
  
 SECTION 11.10. Effect of Headings; Gender. The Article and Section
headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. The use of the masculine, feminine or neuter gender herein shall not limit in any way the applicability of any term or provision hereof.

  
 ARTICLE 12 
 REDEMPTION OF SECURITIES AND SINKING FUNDS 
  
 SECTION 12.01. Applicability of Article. The provisions of this Article 12 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 12.02. Notice of Redemption; Partial Redemptions. Notice of redemption to the Holders of Securities of any
Series required to be redeemed or to be redeemed as a whole or in part at the option of the Company shall be given by giving notice of such redemption as provided in Section 11.04, at least 30 days and not more than 60 days prior to the date fixed
for redemption to such Holders of Securities of such Series. 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. 
  
 The notice of redemption to each such Holder shall specify the date fixed for redemption, the “CUSIP” number or numbers for such Securities, the redemption price, the Place or Places of Payment, that payment will be made upon
presentation and surrender of such Securities, 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

  

 41 

 notice, that on and after said date interest thereon or on the portions thereof to be redeemed will cease to accrue and,
if applicable, that a Holder of Securities who desires to convert Securities for redemption must satisfy the requirements for conversion contained in such Securities, the then existing conversion price or rate and the date and time when the option
to convert shall expire. If less than all of the Securities of any Series are to be redeemed, the notice of redemption shall specify the numbers of the Securities of such Series to be redeemed. In case any Security of a Series is to be redeemed in
part, 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 in
principal amount equal to the unredeemed Portion thereof will be issued. 
  
 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 request, by the Trustee in the name and at the expense of the
Company. If such notice is to be given by the Trustee, the Company shall provide notice of such redemption to the Trustee at least 60 days prior to the date fixed for redemption (unless a shorter notice shall be satisfactory to the Trustee). If such
notice is given by the Company, the Company shall provide a copy of such notice given to the Holders of such redemption to the Trustee at least three Business Days prior to the date such notice is given to such Holders, but in any event at least 33
days prior to the date fixed for redemption (unless a shorter notice shall be satisfactory to the Trustee). 
  
 Unless otherwise specified pursuant to Section 2.03, not later than the redemption date specified in the notice of redemption given as provided in this
Section 12.02, the Company will have on 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 3.03) funds available on such
date (or other forms of property, if permitted by the terms of the Securities of such Series) 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 less than all the Outstanding Securities of a Series are to be redeemed, the Company will deliver to the Trustee at least 60 days prior to the date fixed for redemption an Officers’
Certificate stating the aggregate principal amount of Securities to be redeemed (unless a shorter notice shall be satisfactory to the Trustee). 
  
 If less than all the Securities of a Series are to be redeemed, the Trustee shall select by lot, in such manner as it shall deem appropriate and fair,
Securities of such Series to be redeemed in whole or in part and 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. However, if less than all the Securities of any Series with differing issue dates, interest rates and stated maturities are to be redeemed, the Company in its sole discretion shall select the
particular securities to be redeemed and shall notify the Trustee in writing thereof at least 60 days prior to the relevant redemption date (unless a shorter notice shall be satisfactory to the Trustee). Securities may be redeemed in part in
multiples equal to the minimum authorized denomination for Securities of such Series or any multiple thereof. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities of any
Series 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. 
  

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 SECTION 12.03. Payment of Securities Called for Redemption. 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 said date (unless the Company shall default in the payment of such Securities at the redemption price, together with interest accrued to said date) interest on the Securities or portions of Securities so called for
redemption shall cease to accrue. Except as provided in Sections 6.01 and 10.04, such Securities shall cease from and after the date fixed for redemption to be entitled to any benefit or security 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, 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. If for any Securities the date fixed for
redemption is a regular interest payment date, payment of interest becoming due on such date shall be payable to the Holders of such Securities registered as such on the relevant record date subject to the terms and provisions of Section 2.07.

  
 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 borne by the Security. 
  
 Upon presentation of any Security redeemed in part only, the Company shall
execute and the Trustee shall authenticate and make available for delivery to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities, of authorized denominations, in principal amount equal to the
unredeemed portion of the Security so presented. 
  
 The Trustee
shall not at any time be under any duty or responsibility to any Holder of Securities to calculate the redemption price or determine whether any facts exist which may require any adjustment of the redemption price, or with respect to the nature or
extent or calculation of any such adjustment when made, or with respect to the method employed herein, or in any supplemental indenture provided to be employed, in making the same and shall be protected in relying upon an Officers’ Certificate
with respect to the same. 
  
 SECTION 12.04. Exclusion of
Certain Securities from Eligibility for Selection for Redemption. The Company may reduce the principal amount of Securities of any Series eligible to be redeemed pursuant to this Article 12 by delivering to the Trustee an Officers’
Certificate at least 15 days (unless a shorter notice shall be satisfactory to the Trustee) prior to the redemption date or, in the case of a partial redemption, at least 15 days (unless a shorter notice shall be satisfactory to the Trustee) prior
to the date the notice of redemption is mailed, which Officers’ Certificate shall indicate the aggregated principal amount being reduced and the basis for such reduction (together with appropriate delivery instructions), which may include the
principal amount (excluding premium) of any Securities that are 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. Upon receipt of such Officers’ Certificate, the Trustee shall reduce the aggregate principal amount of the global security representing the
Securities of such Series by such amount. 
  

 43 

 SECTION 12.05. Mandatory and Optional Sinking Funds. The minimum amount of any sinking fund
payment provided for by the terms of Securities of any Series is referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of Securities of any Series is referred
to as an “optional sinking fund payment”. The date on which a sinking fund payment is to be made is referred to as the “sinking fund payment date”. 
  
 In lieu of providing funds for all or any part of any mandatory sinking fund payment with respect to any Series of
Securities, the Company at its option: 
  
 (a)
may deliver to the Trustee securities of such Series theretofore purchased or otherwise acquired (except upon redemption pursuant to the mandatory sinking fund) 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 2.10; 
  
 (b) may receive credit for optional sinking fund payments for Securities of such Series (not previously so
credited) made pursuant to this Section 12.05; or 
  
 (c) may receive credit for Securities of such Series (not previously so credited) redeemed by the Company through any optional redemption provision contained in the terms of such Series. 
  
 Securities so delivered or credited shall be received or credited by the Trustee at the
sinking fund redemption price specified in such Securities. 
  
 On
or before the forty-fifth day next preceding each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee a written statement (which need not contain the statements required by Section 11.05) signed by an
authorized officer of the Company which will: 
  
 (a) specify the portion of the mandatory sinking fund payment to be satisfied by delivery of funds, except as otherwise specified pursuant to Section 2.03 for the Securities of such Series, and the portion to be satisfied by delivery or
credit of Securities of such Series; 
  
 (b)
state that none of the Securities of such Series for which credit is sought has theretofore been so credited; 
  
 (c) state 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; 
  
 (d)
state 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; and 
  

 44 

 (e) specify such sinking fund payment date. 
  
 Any Securities of such Series to be credited and required to be delivered on
the Trustee in order for the Company to be entitled to credit therefor that have not previously been delivered to the Trustee shall be delivered for cancellation pursuant to Section 2.10 to the Trustee with such written statement. Such written
statement shall be irrevocable. Upon its receipt by the Trustee the Company shall become unconditionally obligated to make all the payments, if any, therein referred to on or before the next succeeding sinking fund payment date. Failure of the
Company, on or before any such forty-fifth day, to deliver such written statement 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 (i) that the mandatory sinking fund payment for such Series due on the next succeeding sinking fund payment date shall be paid entirely in funds without the option to deliver or credit Securities of such Series in respect thereof and (ii)
that the Company will make no optional sinking fund payment with respect to such Series as provided in this Section 12.05. 
  
 If the sinking fund payment or payments (mandatory or optional or both) to be made in funds on the next succeeding sinking fund payment date plus any
unused balance of any preceding sinking fund payments made in funds shall exceed $100,000 (or a lesser amount if the Company shall so request) with respect to the Securities of any particular Series, such funds 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 together with accrued interest to the date fixed for redemption. If such amount shall be $100,000 or less and the Company makes
no such request then it shall be carried over until an amount in excess of $100,000 is available. The Trustee shall select, in the manner provided in Section 12.02 and giving effect to any exclusions required pursuant to Section 12.04, for
redemption on such sinking fund payment date a sufficient principal amount of Securities of such Series to absorb, as nearly as may be possible, such funds and shall inform the Company of the serial numbers of the Securities of such Series (or
portions thereof) so selected. The Trustee, in the name and at the expense of the Company, shall cause notice of redemption of the Securities of such Series to be given in substantially the manner provided in Section 12.02 for the redemption of
Securities of such Series. 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 sinking fund payment for such Series and, together with such payment, shall be
applied in accordance with the provisions of this Section 12.05. Any and all sinking fund amounts held on the stated maturity date of the Securities of any particular Series (or earlier, if such maturity is accelerated) that are not held for the
payment or redemption of particular Securities of such Series shall be applied, together with other amounts, if necessary, sufficient for the purpose, to the payment of the principal of, and interest on, the Securities of such Series at maturity.

  
 Unless otherwise specified pursuant to Section 2.03, not later
than the sinking fund payment date, the Company shall have paid to the Trustee or shall otherwise provide funds available on such date for the payment of all principal and interest accrued to the date fixed for redemption on Securities to be
redeemed on such sinking fund payment date. 
  

 45 

 The Trustee shall not redeem or cause to be redeemed any Securities of a Series with sinking fund amounts
or mail or publish any notice of redemption of Securities for 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 or
publication of notice of redemption of any Securities previously shall have been made, the Trustee shall redeem or cause to be redeemed such Securities; provided that it shall have received from the Company amounts sufficient for such redemption.
Except as aforesaid, any amounts in the sinking fund for such Series at the time when any such default or Event of Default shall occur, and any amounts thereafter paid into the sinking fund, during the continuance of such default or Event of
Default, shall be deemed to have been collected under Article 5 and held for the payment of all such Securities. In case such Event of Default shall have been waived as provided in Section 5.09 or the default cured on or before the sixtieth day
preceding the sinking fund payment date in any year, such amounts thereafter shall be applied on the next succeeding sinking fund payment date in accordance with this Section 12.05 to the redemption of such Securities. 
  
 SECTION 12.06. Repayment at the Option of the Holders. Securities of
any Series that are repayable at the option of the Holders before their stated maturity shall be repaid in accordance with the terms of the Securities of such Series. 
  
 The repayment of any principal amount of Securities pursuant to such option of the Holder to require repayment of Securities
before their stated maturity, for purposes of Section 10.01, shall not operate as a payment, redemption or satisfaction of the indebtedness represented by such Securities unless and until the Company, at its option, shall deliver or surrender the
same to the Trustee with a directive that such Securities be cancelled. 
  
 SECTION 12.07. Conversion Arrangement on Call for Redemption. In connection with any redemption of Securities, the Company may arrange for the purchase and conversion of any Securities called for redemption by an agreement with one
or more investment bankers or other purchasers to purchase such Securities by paying to the Trustee or the Paying Agent in trust for the Holders of Securities, on or before 10:00 a.m. New York time on the redemption date, an amount not less than the
redemption price, together with interest, if any, accrued to the redemption date of such Securities, in immediately available funds. Notwithstanding anything to the contrary contained in this Article 12, the obligation of the Company to pay the
redemption price of such Securities, including all accrued interest, if any, shall be deemed to be satisfied and discharged to the extent such amount is so paid by such purchasers. If such an agreement is entered into, any Securities not duly
surrendered for conversion by the Holders thereof, at the option of the Company, may be deemed, to the fullest extent permitted by law, acquired by such purchasers from such Holders and surrendered by such purchasers for conversion, all as of
immediately prior to the close of business on the last day on which such Securities called for redemption may be converted in accordance with this Indenture and the terms of such Securities, subject to payment to the Trustee or Paying Agent of the
above-described amount. The Trustee or the Paying Agent shall hold and pay to the Holders whose Securities are selected for redemption any such amount paid to it in the same manner as it would pay funds deposited with it by the Company for the
redemption of Securities. Without the Trustee’s and the Paying Agent’s prior written consent, no arrangement between the Company and such purchasers for the purchase and conversion of any Securities shall increase or otherwise affect any
of the powers, 
  

 46 

 duties, responsibilities or obligations of the Trustee and the Paying Agent as set forth in this Indenture. The Company
agrees to indemnify the Trustee and the Paying Agent from, and hold them harmless against, any loss, liability or expense arising out of or in connection with any such arrangement for the purchase and conversion of any Securities between the Company
and such purchasers, including the reasonable costs and expenses incurred by the Trustee and the Paying Agent in the defense of any claim or liability arising out of or in connection with the exercise or performance of any of their powers, duties,
responsibilities or obligations under this Indenture. 
  
 ARTICLE 13 
 CONVERSION OF SECURITIES 
  
 SECTION 13.01. Applicability of Article. Securities of any Series that are convertible into Common Shares at the
option of the Holder of such Securities shall be convertible in accordance with their terms and, unless otherwise specified as contemplated by Section 2.03 for the Securities of any Series, in accordance with this Article 13. Each reference in this
Article 13 to “a Security” or “the Securities” refers to the Securities of the particular Series that is convertible into Common Shares. If more than one Series of Securities with conversion privileges are Outstanding at any
time, the provisions of this Article 13 shall be applied separately to each such Series. 
  
 SECTION 13.02. Right of Holders to Convert Securities into Common Shares. Subject to the provisions of Section 12.07 and this Article 13, at the option of the Holder thereof, any Security of any Series that is
convertible into Common Shares, or any portion of the principal amount thereof which is $1,000 or any integral multiple of $1,000, may be converted into duly authorized, validly issued, fully paid and nonassessable Common Shares at any time during
the period specified in the Securities of such Series, or in case such Security or portion thereof shall have been called for redemption, then in respect of such Security or portion thereof until (unless the Company shall default in payment due upon
the redemption thereof) the close of business on the redemption date (except that in the case of repayment at the option of the Holder, if specified in the terms of the relevant Security, such right shall terminate upon the Company’s receipt of
written notice of the exercise of such option), as specified in such Security, at the conversion price or conversion rate for each $1,000 principal amount of Securities (such initial conversion rate reflecting an initial conversion price specified
in such Security) in effect on the conversion date, or, in case an adjustment in the conversion price has taken place pursuant to the provisions of this Article 13, then at the applicable conversion price as so adjusted, upon surrender of the
Security or Securities, the principal amount of which is so to be converted, to the Company at any time during usual business hours at the office or agency to be maintained by it in accordance with the provisions of Section 3.02, accompanied by a
written notice of election to convert as provided in Section 13.03. If the Holder requests that the Common Shares be registered in a name other than that of the Holder, such notice also shall be accompanied by a written instrument or instruments of
transfer in form satisfactory to the Company and/or the Trustee, as applicable, duly executed by the Holder thereof or his attorney duly authorized in writing. All Securities surrendered for conversion shall, if surrendered to the Company or any
conversion agent, be delivered to the Trustee for cancellation and cancelled by it, or shall, if surrendered to the Trustee, be cancelled by it, as provided in Section 2.10. 
  

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 The initial conversion price or conversion rate in respect of a Series of Securities shall be as
specified in the Securities of such Series. The conversion price or conversion rate will be subject to adjustment on the terms set forth in Section 13.05 or such other or different terms, if any, as may be specified by Section 2.03 for Securities of
such Series. Provisions of this Indenture that apply to conversion of all of a Security also apply to conversion of any portion of such Security. 
  
 SECTION 13.03. Issuance of Common Shares on Conversions. As promptly as practicable after the surrender, as herein provided, of any Security or
Securities for conversion into Common Shares, the Company shall deliver or cause to be delivered at the office or agency to be maintained by it in accordance with the provisions of Section 3.02 to or upon the written order of the Holder of the
Security or Securities so surrendered a certificate or certificates representing the number of duly authorized, validly issued, fully paid and nonassessable Common Shares into which such Security or Securities may be converted in accordance with the
terms thereof and the provisions of this Article 13. Prior to delivery of such certificate or certificates, the Company shall require written notice at its said office or agency from the Holder of the Security or Securities so surrendered stating
that the Holder irrevocably elects to convert such Security or Securities, or, if less than the entire principal amount thereof is to be converted, stating the portion thereof to be converted. Such notice shall also state the name or names (with
address and social security or other taxpayer identification number) in which said certificate or certificates are to be issued. Such conversion shall be deemed to have been made at the time that such Security or Securities shall have been
surrendered for conversion and such notice shall have been received by the Company or the Trustee and such conversion shall be at the conversion price in effect at such time. The rights of the Holder of such Security or Securities as a Holder shall
cease at such time, and the Person or Persons entitled to receive the Common Shares upon conversion of such Security or Securities shall be treated for all purposes as having become either record holder or holders of such Common Shares at such time.
In the case of any Security of any Series that is converted in part only, upon such conversion the Company shall execute and, upon the Company’s request and at the Company’s expense, the Trustee or an authenticating agent shall
authenticate and deliver to the Holder thereof, as requested by such Holder, a new Security or Securities of such Series of authorized denominations in aggregate principal amount equal to the unconverted portion of such Security. 
  
 If the last day on which such Security may be converted is not a Business Day
in a place where the conversion agent for that Security is located, such Security may be surrendered to that conversion agent on the next succeeding day that is a Business Day. 
  
 The Company shall not be required to deliver certificates for Common Shares upon conversion while its stock transfer books
are closed for a meeting of shareholders or for the payment of dividends or for any other purpose, but certificates for Common Shares shall be delivered as soon as the stock transfer books shall again be opened. 
  
 SECTION 13.04. No Payment or Adjustment for Interest or Dividends.
Unless otherwise specified as contemplated by Section 2.03 for Securities of such Series, Securities surrendered for conversion into Common Shares during the period from the close of business on any regular record date or special record date next
preceding any interest payment date to the opening of business on such interest payment date (except Securities called for redemption on a 
  

 48 

 redemption date within such period) when surrendered for conversion must be accompanied by payment (by certified or
official bank check to the order of the Company payable in clearing house funds at the location where the Securities are surrendered) of an amount equal to the interest thereon which the Holder is entitled to receive on such interest payment date.
Payment of interest shall be made, on such interest payment date or such other payment date (as set forth in Section 2.07), as the case may be, to the Holder of the Securities as of such regular record date or special record date, as applicable.
Except where Securities surrendered for conversion must be accompanied by payment as described above, no interest on converted Securities will be payable by the Company on any interest payment date subsequent to the date of conversion. No other
payment or adjustment for interest or dividends is to be made upon conversion. Notwithstanding the foregoing, upon conversion of any Original Issue Discount Security, the fixed number of Common Shares into which such Security is convertible
delivered by the Company to the Holder thereof shall be applied, first, to the portion attributable to the accrued original issue discount relating to the period from the date of issuance to the date of conversion of such Security, and, second, to
the portion attributable to the balance of the principal amount of such Security. 
  
 SECTION 13.05. Adjustment of Conversion Price. Unless otherwise specified as contemplated by Section 2.03 for Securities of such Series, the conversion price for Securities convertible into Common Shares shall
be adjusted from time to time as follows: 
  
 (a)
If the Company shall (x) pay a dividend or make a distribution on Common Shares in Common Shares, (y) subdivide the outstanding Common Shares into a greater number of shares or (z) combine the outstanding Common Shares into a smaller number of
shares, the conversion price for the Securities of such Series shall be adjusted so that the Holder of any such Security thereafter surrendered for conversion shall be entitled to receive the number of Common Shares that such Holder would have owned
or have been entitled to receive after the happening of any of the events described above had such Security been converted immediately prior to the record date in the case of a dividend or the effective date in the case of subdivision or
combination. An adjustment made pursuant to this Section 13.05(a) shall become effective immediately after the record date in the case of a dividend, except as provided in Section 13.05(h), and shall become effective immediately after the effective
date in the case of a subdivision or combination. 
  
 (b) If the Company shall issue rights or warrants to all holders of Common Shares entitling them (for a period expiring within 45 days after the record date mentioned below) to subscribe for or purchase Common Shares at a price per share
less than the current market price per share of Common Shares (as defined for purposes of this Section 13.05(b) in Section 13.05(e)), at the record date for the determination of shareholders entitled to receive such rights or warrants, the
conversion price in effect immediately prior thereto shall be adjusted so that the same shall equal the price determined by multiplying the conversion price in effect immediately prior to such record date by a fraction, the numerator of which shall
be the number of Common Shares outstanding on such record date plus the number of Common Shares which the aggregate offering price of the total number of Common Shares so offered would purchase at such current market price, and the denominator of
which shall be the number of Common 
  

 49 

 Shares outstanding on such record date plus the number of additional Common Shares receivable upon
exercise of such rights or warrants. Such adjustment shall be made successively whenever any such rights or warrants are issued, and shall become effective immediately, except as provided in Section 13.05(h), after such record date. In determining
whether any rights or warrants entitle the Holders of the Securities of such Series to subscribe for or purchase Common Shares at less than such current market price, and in determining the aggregate offering price of such Common Shares, there shall
be taken into account any consideration received by the Company for such rights or warrants plus the exercise price thereof, the value of such consideration or exercise price, as the case may be, if other than cash, to be determined by the Board of
Directors. 
  
 (c) If the Company shall
distribute to all holders of Common Shares any shares of capital stock of the Company (other than Common Shares) or evidences of its indebtedness or assets (excluding cash dividends or distributions paid from retained earnings of the Company) or
rights or warrants to subscribe for or purchase any of its securities (excluding those rights or warrants referred to in Section 13.05(b)) (any of the foregoing being herein in this Section 13.05(c) called the “Special Securities”),
the conversion price shall be adjusted as provided in the next sentence unless the Company elects to reserve such Special Securities for distribution to the Holders of Securities of such Series upon the conversion so that any such Holder converting
such Securities will receive upon such conversion, in addition to the Common Shares to which such Holder is entitled, the amount and kind of Special Securities which such Holder would have received if such Holder had, immediately prior to the record
date for the distribution of the Special Securities, converted Securities into Common Shares. The conversion price, as adjusted, shall equal the price determined by multiplying the conversion price in effect immediately prior to such record date by
a fraction the numerator of which shall be the current market price per share (as defined for purposes of this Section 13.05(c) in Section 13.05(e)) of Common Shares on the record date mentioned above less the then fair market value (as determined
by the Board of Directors, whose determination shall, if made in good faith, be conclusive) of the portion of the Special Securities so distributed applicable to one Common Share, and the denominator of which shall be the current market price per
Common Shares (as defined in Section 13.05(e)). In the event the then fair market value (as so determined) of the portion of the Special Securities so distributed applicable to one Common Share is equal to or greater than the current market price
per Common Share (as defined in Section 13.05(e)) on the record date mentioned above, in lieu of the foregoing adjustment, adequate provision shall be made so that each Holder of Securities of such Series shall have the right to receive the amount
and kind of Special Securities such holder would have received had he converted such Securities immediately prior to the record date for the distribution of the Special Securities. Such adjustment shall become effective immediately, except as
provided in Section 13.05(h), after the record date for the determination of shareholders entitled to receive such distribution. 
  
 (d) If, pursuant to Section 13.05(b) or 13.05(c), the conversion price shall have been adjusted because the Company has declared a
dividend, or made a distribution, on the outstanding Common Shares in the form of any right or warrant to purchase securities of the Company, or the Company has issued any such right or warrant, then, upon the expiration of any such unexercised
right or unexercised warrant, the conversion price shall forthwith be adjusted to equal the conversion price that would have applied had such right or warrant never been declared, distributed or issued. 
  

 50 

 (e) For the purpose of any computation under Section 13.05(b), the current market price
per Common Share on any date shall be deemed to be the average of the reported last sales prices for the 30 consecutive Trading Days (as defined below) commencing 45 Trading Days before the date in question. For the purpose of any computation under
Section 13.05(c), the current market price per Common Share on any date shall be deemed to be the average of the reported last sales prices for the ten consecutive Trading Days before the date in question. The reported last sales price for each day
(whether for purposes of Section 13.05(b) or 13.05(c)) shall be the reported last sales price, regular way, or, in case no sale takes place on such day, the average of the reported closing bid and asked prices, regular way, in either case as
reported on the New York Stock Exchange Composite Tape or, if the Common Shares are not listed or admitted to trading on the New York Stock Exchange, on the principal national securities exchange on which the Common Shares are listed or admitted to
trading or, if not listed or admitted to trading on any national securities exchange, on the Nasdaq National Market or, if the Common Shares are not quoted on the Nasdaq National Market, the average of the closing bid and asked prices on such day in
the over-the-counter market as furnished by any New York Stock Exchange member firm regularly making a market in the Common Shares selected for such purpose by the Board of Directors or, if no such quotations are available, the fair market value of
the Common Shares as determined by a New York Stock Exchange member firm regularly making a market in the Common Shares selected for such purpose by the Board of Directors. As used herein, the term “Trading Day” with respect to the
Common Shares means (x) if the Common Shares are listed or admitted for trading on the New York Stock Exchange or another national securities exchange, a day on which the New York Stock Exchange or such other national securities exchange is open for
business, (y) if the Common Shares are quoted on the Nasdaq National Market, a day on which trades may be made on the Nasdaq National Market or (z) otherwise, any day other than a Saturday or Sunday or a day on which banking institutions in the
State of New York are authorized or obligated by law or executive order to close. 
  
 (f) No adjustment in the conversion price shall be required unless such adjustment would require an increase or decrease of at least 1% in
such price. Any adjustments that by reason of this Section 13.05(f) are not required to be made, however, shall be carried forward and taken into account in any subsequent adjustment. Any adjustment required to be made in accordance with the
provisions of this Article 13 shall be made not later than such time as may be required in order to preserve the tax free nature of a distribution to the holders of Common Shares. All calculations under this Article 13 shall be made to the nearest
cent or to the nearest one-one hundredth of a share, as the case may be, with one-half cent and one-two hundredth of a share, respectively, being rounded upward. The Company shall be entitled to make such reductions in the conversion price, in
addition to those required by this Section 13.05, as it in its discretion shall determine to be advisable in order that any stock dividend, subdivision of shares, distribution of rights or warrants to purchase stock or securities or distribution of
other assets (other than cash dividends) made by the Company to its shareholders shall not be taxable. 
  

 51 

 (g) Whenever the conversion price is adjusted, the Company shall file with the Trustee,
at the Corporate Trust Office of the Trustee, and with the office or agency maintained by the Company for the conversion of Securities of such Series pursuant to Section 3.02, an Officers’ Certificate, setting forth the conversion price after
such adjustment and setting forth a brief statement of the facts requiring such adjustment, which certificate shall be conclusive evidence of the correctness of such adjustment. Neither the Trustee nor any conversion agent shall be under any duty or
responsibility with respect to any such certificate or any facts or computations set forth therein, except to exhibit said certificate from time to time to any Holder of a Security of such Series desiring to inspect the same. The Company shall
promptly cause a notice setting forth the adjusted conversion price to be mailed to the Holders of Securities of such Series, as their names and addresses appear upon the Security register. 
  
 (h) In any case in which this Section 13.05 provides that an
adjustment shall become effective immediately after a record date for an event, the Company may defer until the occurrence of such event (y) issuing to the Holder of any Security of such Series converted after such record date and before the
occurrence of such event the additional Common Shares issuable upon such conversion by reason of the adjustment required by such event over and above the Common Shares issuable upon such conversion before giving effect to such adjustment and (z)
paying to such holder any amount in cash in lieu of any fractional Common Shares pursuant to Section 13.06. 
  
 SECTION 13.06. No Fractional Shares to Be Issued. No fractional Common Shares shall be issued upon any conversion of Securities. If more than one
Security of any Series shall be surrendered for conversion at one time by the same Holder, the number of full Common Shares which shall be issuable upon conversion thereof shall be computed on the basis of the aggregate principal amount of the
Securities of such Series (or specified portions thereof to the extent permitted hereby) so surrendered. Instead of a fraction of a Common Share which would otherwise be issuable upon conversion of any Security or Securities (or specified portions
thereof), the Company shall pay a cash adjustment (computed to the nearest cent, with one-half cent being rounded upward) in respect of such fraction of a share in an amount equal to the same fractional interest of the reported last sales price (as
defined in Section 13.05(e)) of the Common Shares on the Trading Day (as defined in Section 13.05(e)) next preceding the day of conversion. 
  
 SECTION 13.07. Preservation of Conversion Rights upon Consolidation, Merger, Sale or Conveyance. In case of any consolidation of the Company with,
or merger of the Company into, any other corporation (other than a consolidation or merger in which the Company is the surviving corporation), or in the case of any sale or transfer of all or substantially all of the assets of the Company, the
corporation formed by such consolidation or the corporation into which the Company shall have been merged or the corporation which shall have acquired such assets, as the case may be, shall execute and deliver to the Trustee a supplemental indenture
in accordance with the provisions of Articles 8 and 9 as they relate to supplemental indentures, providing that the Holder of each Outstanding Security that was convertible into Common Shares shall have the right thereafter to convert such Security
into the kind and amount of shares of stock and other 
  

 52 

 securities and property, including cash, receivable upon such consolidation, merger, sale or transfer by a holder of the
number of Common Shares into which such Securities might have been converted immediately prior to such consolidation, merger, sale or transfer. Such supplemental indenture shall provide for adjustments which shall be as nearly equivalent as may be
practicable to the adjustments provided for in this Article 13. Neither the Trustee nor any conversion agent shall have any liability or responsibility for determining the correctness of any provision contained in any such supplemental indenture
relating either to the kind or amount of shares of stock or other securities or property receivable by Holders of the Securities upon the conversion of their Securities after any such consolidation, merger, sale or transfer, or to any adjustment to
be made with respect thereto and, subject to the provisions of Section 313 of the Trust Indenture Act, may accept as conclusive evidence of the correctness of any such provisions, and shall be protected in relying upon, an Officers’ Certificate
with respect thereto and an Opinion of Counsel with respect to legal matters related thereto. If in the case of any such consolidation, merger, sale or transfer, the stock or other securities and property receivable by a Holder of the Securities
includes stock or other securities and property of a corporation other than the successor or purchasing corporation, then such supplemental indenture shall also be executed by such other corporation and shall contain such additional provisions to
protect the interests of the Holders of the Securities as the Board of Directors shall reasonably consider necessary. The above provisions of this Section 13.07 shall similarly apply to successive consolidations, mergers, sales or transfers.

  
 Neither the Trustee nor any conversion agent shall be under
any duty or responsibility at any time to any Holder of Securities to either calculate the conversion price or determine whether any facts exist which may require any adjustment of the conversion price, or with respect to the nature or extent or
calculation of any such adjustment when made, or with respect to the method employed therein, or in any supplemental indenture provided to be employed, in making the same and shall be protected in relying upon an Officers’ Certificate with
respect to the same. Neither the Trustee nor any conversion agent shall be accountable with respect to the validity or value (of the kind or amount) of any Common Shares, or of any other securities or property, which at any time may be issued or
delivered upon the conversion of any Security; and neither the Trustee nor any conversion agent makes any representation with respect thereto. Neither the Trustee nor any conversion agent shall be responsible for any failure of the Company to make
any cash payment or to issue, transfer or deliver any Common Shares or stock or share certificates or other securities or property upon the surrender of any Security for the purpose of conversion; and the Trustee and any conversion agent shall not
be responsible or liable for any failure of the Company to comply with any of the covenants of the Company contained in this Article 13. Without limiting the generality of the foregoing, neither the Trustee nor any conversion agent shall be under
any responsibility to determine the correctness of any provisions contained in any supplemental indenture entered into pursuant to this Indenture relating either to the kind or amount of shares of stock or securities or other property or assets
(including cash) receivable for Holders upon the conversion of their Securities after any event referred to therein or to any adjustment to be made with respect thereto, but may accept as conclusive evidence of the correctness of any such
provisions, and shall be protected in relying upon, the Officers’ Certificate (which the Company shall be obligated to file with the Trustee prior to the execution of any such supplemental indenture) with respect thereto. 
  

 53 

 Neither the Trustee nor any conversion agent shall be responsible for determining whether any event
contemplated herein, or in any supplemental indenture entered into pursuant to this Indenture, has occurred which makes the Securities eligible for conversion until the Company has delivered to the Trustee and any conversion agent an Officers’
Certificate stating that such event has occurred, on which certificate the Trustee and any such conversion agent may conclusively rely, and the Company agrees to deliver such Officers’ Certificate to the Trustee and any such conversion agent
promptly after the occurrence of any such event (but in no event more than three Business Days after the occurrence of such event). 
  
 SECTION 13.08. Notice to Holders of the Securities of a Series Prior to Taking Certain Types of Action. With respect to the Securities of any
Series, in case: 
  
 (a) the Company shall
authorize the issuance to all holders of Common Shares of rights or warrants to subscribe for or purchase shares of its capital stock or of any other right; 
  
 (b) the Company shall authorize the distribution to all holders of Common Shares of evidences of indebtedness or assets (except for cash
dividends or distributions paid from retained earnings of the Company); 
  
 (c) of any subdivision or combination of Common Shares or of any consolidation or merger to which the Company is a party and for which approval by the shareholders of the Company is required, or of the sale or
transfer of all or substantially all of the assets of the Company; or 
  
 (d) of the voluntary or involuntary dissolution, liquidation or winding up of the Company; 
  
 the Company shall cause to be filed with the Trustee and at the office or agency maintained for the purpose of conversion of Securities of such Series pursuant to Section
3.02, and shall cause to be mailed to the Holders of Securities of such Series at their last addresses as they shall appear on the Security register, at least ten days prior to the applicable record date hereinafter specified, a notice stating (i)
the date as of which the holders of Common Shares to be entitled to receive any such rights, warrants or distribution are to be determined, or (ii) the date on which any such subdivision, combination, consolidation, merger, sale, transfer,
dissolution, liquidation, winding up or other action is expected to become effective, and the date as of which it is expected that holders of record of Common Shares shall be entitled to exchange their Common Shares for securities or other property,
if any, deliverable upon such subdivision, combination, consolidation, merger, sale, transfer, dissolution, liquidation, winding up or other action. The failure to give the notice required by this Section 13.08 or any defect therein shall not affect
the legality or validity of any distribution, right, warrant, subdivision, combination, consolidation, merger, sale, transfer, dissolution, liquidation, winding up or other action, or the vote upon any of the foregoing. 
  
 SECTION 13.09. Covenant to Reserve Shares for Issuance on Conversion of
Securities. The Company at all times will reserve and keep available out of each class of its authorized Common Shares, free from preemptive rights, solely for the purpose of issue upon 
  

 54 

 conversion of Securities of any Series as herein provided, such number of Common Shares as shall then be issuable upon
the conversion of all Outstanding Securities of such Series. The Company covenants that all Common Shares which shall be so issuable, when issued or delivered, shall be duly and validly issued Common Shares into which Securities of such Series are
convertible, and shall be fully paid and nonassessable, free of all liens and charges and not subject to preemptive rights and that, upon conversion, the appropriate capital stock accounts of the Company will be duly credited. 
  
 SECTION 13.10. Compliance with Governmental Requirements. If any
Common Shares required to be reserved for purposes of conversion of Securities hereunder require registration or listing with or approval of any governmental authority under any Federal or State law, pursuant to the Securities Act or the Securities
Exchange Act or any national or regional securities exchange on which the Common Shares are listed at the time of delivery of any Common Shares, the Company will use its best efforts to cause such shares to be duly registered, listed or approved, as
the case may be, before such shares may be issued upon conversion. 
  
 SECTION 13.11. Payment of Taxes upon Certificates for Shares Issued upon Conversion. The issuance of certificates for Common Shares upon the conversion of Securities shall be made without charge to the converting Holders for any tax
(including documentary and stamp taxes) in respect of the issuance and delivery of such certificates, and such certificates shall be issued in the respective names of, or in such names as may be directed by, the Holders of the Securities converted.
The Company, however, shall not be required to pay any tax that may be payable in respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the Holder of the Security converted, and the
Company shall not be required to issue or deliver such certificate unless or until the Person or Persons requesting the issuance thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the
Company that such tax has been paid. 
  
 SECTION 13.12.
Trustee’s Duties with Respect to Conversion Provisions. The Trustee and any conversion agent shall have no duty to any Holder to determine whether any facts exist that may require any adjustment of the conversion rate, or with respect to
the nature or extent of any such adjustment when made, or with respect to the method employed, in making the same. Neither the Trustee nor any conversion agent shall be accountable with respect to the registration under securities laws, listing,
validity or value (or the kind or amount) of any Common Shares, or of any other securities or property, that at any time may be issued or delivered upon the conversion of any Security, and neither the Trustee nor any conversion agent makes any
representation with respect thereto. Neither the Trustee nor any conversion agent shall be responsible for any failure of the Company to make any payment or to issue, transfer or deliver any Common Shares or stock certificates or other securities or
property upon the surrender of any Security for the purpose of conversion. The Trustee and any conversion agent, subject to the provisions of Section 313 of the Trust Indenture Act, shall not be responsible for any failure of the Company to comply
with any of the covenants contained in this Article 13. 
  
 SECTION 13.13. Conversion of Securities into Preferred Shares or Other Securities. Notwithstanding anything to the contrary in this Article 13, the Company may issue Securities that are convertible into Preferred Shares or other
securities of the Company, including Preferred Shares convertible into Common Shares, in which case all terms and conditions relating to the 
  

 55 

 conversion of Securities into Preferred Shares or other securities, including any terms similar to those provided in
Sections 13.01 through 13.12, shall be as provided in or pursuant to an appropriate resolution of the Board of Directors or in any indenture supplemental hereto or as otherwise contemplated by Section 2.03. 
  
  

 56 

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

			
	HORACE MANN EDUCATORS CORPORATION
		
	By:	 	 /s/ Peter H. Heckman

	Name:	 	Peter H. Heckman
	Title:	 	 Executive Vice President and
 Chief Financial
Officer

	
	JPMORGAN CHASE BANK, N.A., as Trustee
		
	By:	 	 /s/ Carol Ng

	Name:	 	Carol Ng
	Title:	 	Vice PresidentFirst Supplemental Indenture between HMEC and the Trustee

 Exhibit 4.2 
  
 HORACE MANN EDUCATORS CORPORATION 
 Issuer 
  
 And

  
 JPMORGAN CHASE BANK, N.A. 
 Trustee 
  

  
 FIRST SUPPLEMENTAL INDENTURE 
  
 Dated as of June 9, 2005 
  

  
 $75,000,000 
  
 6.05% Senior Notes 
  
 Due June 15, 2015

  
  

 TABLE OF CONTENTS1 
  

					
	ARTICLE I
	
	6.05% Senior Notes Due June 15, 2015
			
	SECTION 1.01.	  	Establishment	  	1
	SECTION 1.02.	  	Definitions	  	2
	SECTION 1.03.	  	Payment of Principal and Interest	  	3
	SECTION 1.04.	  	Global Securities	  	4
	SECTION 1.05.	  	Transfer	  	4
	SECTION 1.06.	  	Defeasance	  	4
	SECTION 1.07.	  	Redemption at the Option of the Company	  	4
	SECTION 1.08.	  	Negative Pledge	  	6
	SECTION 1.09.	  	No Disposition	  	6
	
	ARTICLE II
	
	Miscellaneous Provisions
			
	SECTION 2.01.	  	Recitals by the Company	  	7
	SECTION 2.02.	  	Ratification and Incorporation of Original Indenture	  	7
	SECTION 2.03.	  	Executed in Counterparts	  	7
	SECTION 2.04.	  	New York Law to Govern	  	7

	1	This Table of Contents does not constitute part of the First Supplemental Indenture and shall not have any bearing upon the interpretation of any of its terms or
provisions. 

  

 THIS FIRST SUPPLEMENTAL INDENTURE is made as of the 9th day of June, 2005, by and between HORACE MANN EDUCATORS CORPORATION, a Delaware corporation (the “Company”), and JPMORGAN CHASE BANK, N.A., a
national banking association formed under the laws of the United States of America, as trustee (the “Trustee”): 
  
 WHEREAS, the Company has heretofore entered into an Indenture, dated as of June 9, 2005 (the “Original Indenture”), with the Trustee;

  
 WHEREAS, the Original Indenture is incorporated herein by this
reference and the Original Indenture, as supplemented by this First Supplemental Indenture, is herein called the “Indenture”; 
  
 WHEREAS, under the Original Indenture, a new series of senior notes may at any time be established by the Board of Directors of the Company in accordance
with the provisions of the Original Indenture and the terms of such series may be described by a supplemental indenture executed by the Company and the Trustee; 
  

WHEREAS, the Company proposes to create under the Indenture a new series of senior notes; 
  
 WHEREAS, additional senior notes of other series hereafter established, except as may be limited in the Original Indenture
as at the time supplemented and modified, may be issued from time to time pursuant to the Indenture as at the time supplemented and modified, and all senior notes issued by the Company of any one series need not be issued at the same time and,
unless otherwise so provided, may be reopened for issuances of additional senior notes of such series; and 
  
 WHEREAS, all things necessary to authorize the execution and delivery of this First Supplemental Indenture and make it a valid and binding agreement of
the Company, in accordance with its terms, have been done. 
  
 NOW
THEREFORE, in consideration of the agreements and obligations set forth herein and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 
  
 ARTICLE I 
  
 6.05% Senior Notes Due June 15, 2015 
  
 SECTION 1.01. Establishment. There is hereby established a new series of senior notes to be issued under the Indenture, to
be designated as the Company’s 6.05% Senior Notes due June 15, 2015 (the “Senior Notes”). 
  
 There are to be authenticated and delivered Senior Notes, initially limited in aggregate principal amount of $75,000,000 and no further Senior Notes shall
be authenticated and delivered except as provided by Section 2.02, 2.04, 2.06, 2.08, 2.09, 2.11, 8.05 or 12.03 of the Original Indenture; provided, however, that the aggregate 
  

 principal amount of the Senior Notes may be increased in the future, without the consent of the holders of the Senior
Notes, on the same terms and with the same CUSIP and ISIN numbers as the Senior Notes. The Senior Notes shall be issued in fully registered form. The Senior Notes shall be issued only in denominations of $2,000 and integral multiples of $1,000.

  
 The Senior Notes shall be issued in the form of one or more
Global Securities (as defined below) in substantially the form set out in Exhibit A hereto. The Depositary with respect to the Senior Notes shall be The Depository Trust Company. 
  
 Each Senior Note shall be dated the date of authentication thereof and shall bear interest from the date of original
issuance thereof or from the most recent Interest Payment Date to which interest has been paid or duly provided for. 
  
 SECTION 1.02. Definitions. The following defined terms used herein shall, unless the context otherwise requires, have the meanings specified below.
Capitalized terms used herein for which no definition is provided herein shall have the meanings set forth in the Original Indenture. 
  
 “Fair Value” means, with respect to the capital stock of any Significant Subsidiary, the fair value thereof as determined in good faith by the
Board of Directors. 
  
 “Global Security” means, with
respect to any series of securities, a security authenticated and delivered under the Original Indenture executed by the Company and delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction, all in accordance with
the Original Indenture, which shall be registered in the name of the Depositary or its nominee. 
  
 “Indebtedness” of any Person means the principal of, premium, if any, and interest due on indebtedness of such Person, whether outstanding on
the date of this Indenture or thereafter created, incurred or assumed, that is (a) indebtedness for money borrowed and (b) any amendments, renewals, extensions, modifications and refundings of any such indebtedness. For the purposes of this
definition, “indebtedness for money borrowed” means (i) any obligation of, or any obligation guaranteed by, any Person for the repayment of borrowed money, whether or not evidenced by bonds, debentures, notes or other written instruments,
(ii) any obligation of, or any such obligation guaranteed by, any Person evidenced by bonds, debentures, notes or similar written instruments, including obligations assumed or incurred in connection with the acquisition of property, assets or
businesses (provided, however, that the deferred purchase price of any other business or property or assets shall not be considered Indebtedness if the purchase price thereof is payable in full within 90 days from the date on which
such indebtedness was created), (iii) any obligations of any Person as lessee under leases required to be capitalized on the balance sheet of the lessee under generally accepted accounting principles in the United States and leases of property or
assets made as part of any sale and lease-back transaction to which such Person is a party; and (iv) any obligation of, or any such obligation guaranteed by, any Person for the payment of amounts due under a swap agreement or other similar
instrument or agreement or foreign currency hedge exchange or similar instrument or agreement. 
  

 2 

 “Interest Payment Date” means June 15 and December 15 of each year, commencing December 15,
2005 
  
 “Original Issue Date” means June 9, 2005

  
 “Regular Record Date” means, with respect to each
Interest Payment Date, the close of business on the preceding June 1 or December 1, as the case may be. 
  
 “Significant Subsidiary” means any “significant subsidiary” of the Company, as such term is defined in paragraph (w) of Rule 1-02 of
Regulation S-X (17 CFR § 210.1-01, et seq.). 
  
 “Stated Maturity Date” means June 15, 2015 
  
 SECTION 1.03. Payment of Principal and Interest. The principal of the Senior Notes shall be due on the Stated Maturity Date. The unpaid principal amount of the Senior Notes shall bear interest at the rate of 6.05 % per year until paid or
duly provided for, such interest to accrue from June 9, 2005 or from the most recent Interest Payment Date to which interest has been paid or duly provided for. Interest shall be paid semi-annually in arrears on each Interest Payment Date,
commencing December 15, 2005 to the Person in whose name the Senior Notes are registered on the Regular Record Date for such Interest Payment Date, provided that interest payable on the Stated Maturity Date of principal or on a Redemption Date (as
defined below) as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be
paid as provided in Section 2.07 of the Original Indenture. 
  
 Payments of interest on the Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the Senior Notes shall be computed and paid on the basis of a 360-day year consisting of
twelve 30-day months. In the event that any date on which interest is payable on the Senior Notes is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day that is a Business Day (and without
any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect
as if made on the date the payment was originally payable. 
  
 Payment of the principal, Premium, if any, and interest due on the Stated Maturity Date of, or on a Redemption Date for, the Senior Notes shall be made upon surrender of the Senior Notes at the Corporate Trust Office of the Trustee. The
principal of and interest on the Senior Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of interest (including interest on any
Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check 
  

 3 

 mailed to the address of the Person entitled thereto as such address shall appear in the Security register or (ii) by
wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by the Person entitled thereto. 
  
 SECTION 1.04. Global Securities. The Senior Notes will initially be issued in
the form of one or more Global Securities registered in the name of the Depositary (which initially shall be The Depository Trust Company) or its nominee. Except under the limited circumstances described below, Senior Notes represented by Global
Securities will not be exchangeable for, and will not otherwise be issuable as, Senior Notes in definitive form. The Global Securities described above may not be transferred except 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 to a successor Depositary or its nominee. 
  
 Owners of beneficial interests in such Global Securities will not be considered the holders thereof for any purpose under the Indenture, and no Global
Security representing a Senior Note shall be exchangeable, except for another Global Security of like denomination and tenor to be registered in the name of the Depositary or its nominee or to a successor Depositary or its nominee. The rights of
holders of such Global Securities shall be exercised only through the Depositary. 
  
 A Global Security representing a Senior Note shall be exchangeable for Senior Notes registered in the names of Persons other than the Depositary or its nominee only as provided by the reverse of such Global Security
issued on the date hereof. Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Senior Notes registered in such names as the Depositary shall direct. 
  
 SECTION 1.05. Transfer. No service charge will be made for any registration
of transfer or exchange of Senior Notes, but payment will be required of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. 
  
 SECTION 1.06. Defeasance. The provisions of Sections 10.01(b) of the Original Indenture will apply to the Senior Notes.

  
 SECTION 1.07. Redemption at the Option of the Company. The
Senior Notes will be redeemable, at the option of the Company, in whole at any time or in part from time to time (a “Redemption Date”), at a redemption price (the “Redemption Price”) equal to the greater of (i) 100% of the
principal amount of the Senior Notes to be redeemed and (ii) an amount equal to the sum of the present values of the remaining scheduled payments for principal and interest on the Senior Notes to be redeemed, not including any portion of the
payments of interest accrued as of such Redemption Date, discounted to such Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below), plus 30 basis points; plus in
each case, accrued and unpaid interest on the Senior Notes to be redeemed to, but excluding, such Redemption Date. The Trustee shall not at any time be under any duty, or responsibility to any holder of Senior Notes to calculate the 
  

 4 

 Redemption Price or determine whether any facts exist which may require any adjustment of the Redemption Price, or with
respect to the nature or extent or calculation of any such adjustment when made, or with respect to the method employed herein in making the same and shall be protected in relying upon an Officer’s Certificate with respect to the same.

  
 The following defined terms used in this Section 1.07 shall
have the meanings specified below: 
  
 “Comparable Treasury
Issue” means the United States Treasury security selected by the Independent Investment Banker as having a maturity comparable to the remaining term of the Senior Notes to be redeemed that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Senior Notes. 
  
 “Comparable Treasury Price” means with respect to any Redemption Date for the Senior Notes (1) the average of the
Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or (2) if the Trustee obtains fewer than five such Reference Treasury Dealer Quotations, the average
of all such quotations. 
  
 “Independent Investment
Banker” means Goldman, Sachs & Co. and any successor firm or, if such firm is unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Company that is
acceptable to the Trustee. 
  
 “Reference Treasury
Dealer” means each of Goldman, Sachs & Co. and four other primary U.S. government securities dealers (each a “Primary Treasury Dealer”), as specified by the Company; provided that (1) if any of Goldman, Sachs & Co. or any
Primary Treasury Dealer as specified by the Company shall cease to be a Primary Treasury Dealer, the Company will substitute therefore another Primary Treasury Dealer and (2) if the Company fails to select a substitute within a reasonable period of
time, then the substitute will be a Primary Treasury Dealer selected by the Trustee after consultation with the Company. 
  
 “Reference Treasury Dealer Quotations” means, with respect to the Reference Treasury Dealer and any Redemption Date, the average, as determined
by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed, in each case, as a percentage of its principal amount) quoted to the Trustee by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third
Business Day preceding such Redemption Date. 
  
 “Treasury
Rate” means the rate per year equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for such Redemption Date. The Treasury Rate shall be calculated on the third Business Day preceding the Redemption Date. 
  

 5 

 The Company shall notify the Trustee of the Redemption Price with respect to the foregoing redemption
promptly after the calculation thereof. The Trustee shall not be responsible for calculating said Redemption Price. 
  
 If less than all of the Senior Notes are to be redeemed, The Depository Trust Company, as depositary, shall determine, in accordance with its procedures,
the principal amount of such Senior Notes held by each beneficial owner of such Senior Notes to be redeemed. The Depository Trust Company may select Senior Notes and portions of Senior Notes in amounts of $2,000 and integral multiples of $1,000.

  
 SECTION 1.08. Negative Pledge. The Company will not, and it
will not permit any Subsidiary of the Company to, at any time directly or indirectly create, assume, incur or permit to exist any Indebtedness secured by a pledge, lien or other encumbrance (any pledge, lien or other encumbrance being hereinafter in
this Section 1.08 referred to as a “lien”) on the voting securities of any Significant Subsidiary, or the voting securities of a Subsidiary of the Company that owns, directly or indirectly, the voting securities of any Significant
Subsidiary without making effective provision whereby the Senior Notes then Outstanding (and, if the Company so elects, any other Indebtedness of the Company that is not subordinate to the Senior Notes and with respect to which the governing
instruments require, or pursuant to which the Company is otherwise obligated or required, to provide such security) shall be equally and ratably secured with such secured Indebtedness so long as such other Indebtedness shall be secured. 

 
 If the Company shall hereafter be required to secure the Senior Notes
equally and ratably with any other Indebtedness pursuant to this Section 1.08, (i) the Company will promptly deliver to the Trustee an Officer’s Certificate stating that the foregoing covenant has been complied with, and an Opinion of Counsel
stating that in the opinion of such counsel the foregoing covenant has been complied with and that any instruments executed by the Company or any Subsidiary of the Company in the performance of the foregoing covenant comply with the requirements of
the foregoing covenant and (ii) the Trustee is hereby authorized to enter into an indenture or agreement supplemental hereto and to take such action, if any, as it may deem advisable to enable it to enforce the rights of the holders of the Senior
Notes so secured. 
  
 The Trustee shall have no responsibility for
the recording, filing or registration (or for the rerecording, refiling or reregistration) of any instrument or notice at any time in any public office or elsewhere for the purpose of perfecting, maintaining the perfection of or otherwise making
effective any lien upon or with respect to any assets referred to herein, including the recording, filing or registration of any financing or continuation statement or any tax or securities form. 
  
 SECTION 1.09. No Disposition. As long as any of the Senior Notes remain
Outstanding, the Company will not, and will not permit any Subsidiary of the Company to, issue, sell, assign, transfer or otherwise dispose of, directly or indirectly, any of the capital stock of any Significant Subsidiary (except to the Company or
to one or more Subsidiaries of the Company or for the purpose of qualifying directors); provided, however, that this covenant shall not apply if (i) the issuance, sale, assignment, transfer or 
  

 6 

 other disposition is required to comply with the order of a court or regulatory authority of competent jurisdiction,
other than an order issued at the request of the Company or of one of its Subsidiaries; (ii) the entire capital stock of a Significant Subsidiary then owned by the Company or by its Subsidiaries is disposed of in a single transaction or in a series
of related transactions, for consideration consisting of cash or other property which is at least equal to the Fair Value of such capital stock; or (iii) after giving effect to the issuance, sale, assignment, transfer or other disposition, the
Company and its Subsidiaries would own directly or indirectly at least 80% of the issued and outstanding capital stock of such Significant Subsidiary and such issuance, sale, assignment, transfer or other disposition is made for consideration
consisting of cash or other property which is at least equal to the Fair Value of such capital stock. 
  
 ARTICLE II 
  
 Miscellaneous Provisions 
  
 SECTION 2.01.
Recitals by the Company. The recitals in this First Supplemental Indenture are made by the Company only and not by the Trustee, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity
or sufficiency of this First Supplemental Indenture or of the Senior Notes. The Trustee shall not be accountable for the use or application by the Company of the Senior Notes or the proceeds thereof. All of the provisions contained in the Original
Indenture in respect of the rights, privileges, immunities, powers and duties of the Trustee shall be applicable in respect of the Senior Notes and of this First Supplemental Indenture as fully and with like effect as if set forth herein in full.

  
 SECTION 2.02. Ratification and Incorporation of Original
Indenture. As supplemented hereby, the Original Indenture is in all respects ratified and confirmed, and the Original Indenture and this First Supplemental Indenture shall be read, taken and construed as one and the same instrument. 
  
 SECTION 2.03. Executed in Counterparts. This First Supplemental Indenture may
be simultaneously executed in several counterparts, each of which shall be deemed to be an original, and such counterparts shall together constitute but one and the same instrument. 
  
 SECTION 2.04. New York Law to Govern. This First Supplemental Indenture and each Senior Note, and any disputes or
controversies arising hereunder or thereunder, shall be deemed to be a contract under the internal laws of the state of New York (other than principles of law that would apply the law of another jurisdiction), and for all purposes shall be construed
and enforced in accordance with the laws of such state, except as may be required by mandatory provisions of law. 
  

 7 

 IN WITNESS WHEREOF, each party hereto has caused this instrument to be signed in its name and behalf by
its duly authorized officers, all as of the day and year first above written. 
  

			
	HORACE MANN EDUCATORS CORPORATION
		
	By:	 	 /s/ Peter H. Heckman

	Name:	 	Peter H. Heckman
	Title:	 	 Executive Vice President and Chief
 Financial
Officer

	
	JPMORGAN CHASE BANK, N.A., as Trustee
		
	By:	 	 /s/ Carol Ng

	Name:	 	Carol Ng
	Title:	 	Vice President

  

 8 

 EXHIBIT A 
  

Form of 6.05% Senior Note due 2015 
  
 THIS SENIOR NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE FIRST SUPPLEMENTAL INDENTURE TO THE ORIGINAL INDENTURE HEREINAFTER REFERRED TO. UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”), A NEW YORK CORPORATION, TO HORACE MANN EDUCATORS CORPORATION 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 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 INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN
DEFINITIVE FORM, THIS SENIOR NOTE 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. 
  

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	 No.         
	 	                    CUSIP No. 440327 AH7
	 	 	                    ISIN No. US 440327AH70

  
 HORACE MANN EDUCATORS
CORPORATION 
 6.05% Senior Notes 
 Due June 15, 2015 
  

			
	Principal Amount:	  	$75,000,000
		
	Regular Record Date:	  	with respect to each Interest Payment Date, the close of business on the preceding June 1 or December 1, as the case may be
		
	Original Issue Date:	  	June 9, 2005
		
	Stated Maturity Date:	  	June 15, 2015
		
	Interest Payment Dates:	  	June 15 and December 15 of each year, commencing December 15, 2005
		
	Interest Rate:	  	6.05% per year
		
	Authorized Denomination:	  	$2,000 and integral multiples of $1,000

  
 Horace Mann Educators
Corporation, a Delaware corporation (the “Company,” which term includes any successor corporation under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to
                , or registered assigns, the principal sum of Seventy–Five Million Dollars ($75,000,000) on the Stated Maturity Date shown above, and to pay
interest thereon from the Original Issue Date shown above, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on each Interest Payment Date as specified above, commencing on
December 15, 2005 and on the Stated Maturity Date at the rate per year shown above until the principal hereof is paid or made available for payment and on any overdue principal and on any overdue installment of interest to the extent permitted by
law. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date (other than an Interest Payment Date that is the Stated Maturity Date) will, as provided in the Indenture, be paid to the Person in whose name this
Senior Note is registered at the close of business on the Regular Record Date as specified above next preceding such Interest Payment Date, provided that any interest payable at Stated Maturity Date will be paid to the Person to whom principal is
payable. Except as otherwise provided in the Indenture, any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the holders on such Regular Record Date and may be paid as provided in Section 2.07
of the Original Indenture. 
  
 Payments of interest on this Senior
Note will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for this Senior Note shall be computed and paid on the basis of a 360-day year consisting of twelve 30-day 
  

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 months. In the event that any date on which interest is payable on this Senior Note is not a Business Day, then payment
of the interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next succeeding calendar year,
payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on the date the payment was originally payable. 
  
 Payment of the principal of and interest due on the Stated Maturity Date of this Senior Note shall be made upon surrender of
this Senior Note at the Corporate Trust Office of the Trustee. The principal of and interest on this Senior Note shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public
and private debts. Payment of interest (including interest on an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such
address shall appear in the Security register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15 days prior to the date for payment by
the Person entitled thereto. 
  
 The Senior Notes (as defined on
the reverse hereof) will be unsecured obligations of the Company and will rank equally in right of payment with all of the other unsecured, unsubordinated indebtedness of the Company from time to time outstanding. The Senior Notes will rank senior
to any subordinated indebtedness of the Company. 
  
 REFERENCE IS
HEREBY MADE TO THE FURTHER PROVISIONS OF THIS SENIOR NOTE SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE. 
  
 Unless the certificate of authentication hereon has been executed by the
Trustee by manual signature, this Senior Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
  

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 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its corporate seal.

  

			
	HORACE MANN EDUCATORS CORPORATION
		
	By:	 	  

	Name:	 	 
	Title:	 	 

  

			
	Attest:
	  
  

	Name:	 	 
	Title:	 	 

  
 [Seal of Horace Mann
Educators Corporation] 
  
 CERTIFICATE OF AUTHENTICATION

  
 This is one of the 6.05% Senior Notes due June 15, 2015
referred to in the within-mentioned Indenture. 
  

			
	JPMorgan Chase Bank, N.A., as Trustee
		
	By:	 	  

	 	 	Authorized Officer

  

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 (Reverse Side of Note) 
  
 This Senior Note is one of a duly authorized issue of senior notes of the Company issued and issuable in one or more series
under an Indenture dated as of June 9, 2005 (the “Original Indenture”), as supplemented by the First Supplemental Indenture, dated as of June 9, 2005 (the “First Supplemental Indenture,” and together with the Original Indenture,
the “Indenture”), between the Company and JPMorgan Chase Bank, N.A., as Trustee (the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures incidental thereto reference is
hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the holders of the Senior Notes issued thereunder and of the terms upon which said Senior Notes are, and
are to be, authenticated and delivered. This Senior Note is one of the series designated on the face hereof as 6.05% Senior Notes due June 15, 2015 (the “Senior Notes”), initially limited in aggregate principal amount of $75,000,000;
provided, however, that the aggregate principal amount of the Senior Notes may be increased in the future, without the consent of the holders of the Senior Notes, on the same terms and with the same CUSIP and ISIN numbers as the Senior Notes.
Capitalized terms used herein for which no definition is provided herein shall have the meanings set forth in the Indenture. 
  
 This Senior Note is exchangeable in whole or from time to time in part for Senior Notes of this series in definitive registered form only as provided
herein and in the Indenture. If (i) at any time the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for this Senior Note or if at any time the Depositary shall no longer be registered or in good standing
under the Securities Exchange Act of 1934, as amended, or other applicable statute or regulation, and the Company does not appoint a successor Depositary within 90 days after the Company receives such notice or becomes aware of such condition, as
the case may be, or (ii) the Company in its sole discretion determines that this Senior Note shall be exchangeable for Senior Notes of this series in definitive registered form and executes and delivers to the Security registrar a written order of
the Company providing that this Senior Note shall be so exchangeable, this Senior Note shall be exchangeable for Senior Notes of this series in definitive registered form, provided that the definitive Senior Notes so issued in exchange for this
Senior Note shall be in denominations of $2,000 and integral multiples of $1,000, without coupons, and be of like aggregate principal amount and tenor as the portion of this Senior Note to be exchanged. Except as provided above, owners of beneficial
interests in this Senior Note will not be entitled to have Senior Notes registered in their names, will not receive or be entitled to physical delivery of Senior Notes in definitive registered form and will not be considered the holders thereof for
any purpose under the Indenture. Neither the Company, the Trustee, any Paying Agent nor the Security registrar shall have any responsibility or liability for any aspect of records relating to or payments made on account of beneficial ownership
interests in this Senior Note, or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
  
 If an Event of Default with respect to the Senior Notes shall occur and be continuing, the principal of the Senior Notes may be declared due and payable
in the manner, with the effect and subject to the conditions provided in the Indenture. 
  

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 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 Senior Notes under the Indenture at any time by the Company and the Trustee with the consent of the holders of not less than a majority in aggregate
principal amount of the Senior Notes at the time Outstanding. The Indenture also contains provisions permitting the holders of specified percentages in principal amount of the Senior Notes at the time Outstanding, on behalf of the holders of all
Senior Notes, 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 Senior Note shall be conclusive and
binding upon such holder and upon all future holders of this Senior Note and of any Senior Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made upon
this Senior Note. 
  
 The Indenture contains provisions for
defeasance at any time of (a) the entire indebtedness of the Company pursuant to this Senior Note and (b) restrictive covenants and the related Events of Default, upon compliance by the Company with certain conditions set forth therein, which
provisions apply to this Senior Note. 
  
 The Senior Notes will be
redeemable, at the option of the Company, in whole at any time or in part from time to time (a “Redemption Date”), at a redemption price (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of the
Senior Notes to be redeemed and (ii) an amount equal to the sum of the present values of the remaining scheduled payments for principal of and interest on the Senior Notes to be redeemed, not including any portion of the payments of interest accrued
as of such Redemption Date, discounted to such Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below), plus 30 basis points; plus in each case, accrued and unpaid
interest on the Senior Notes to be redeemed to, but excluding, such Redemption Date. 
  
 “Comparable Treasury Issue” means the United States Treasury security selected by the Independent Investment Banker as having a maturity comparable to the remaining term of the Senior Notes to be redeemed
that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Senior Notes. 
  
 “Comparable Treasury Price” means with respect to any Redemption
Date for the Senior Notes (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or (2) if the Trustee obtains fewer than five such
Reference Treasury Dealer Quotations, the average of all such quotations. 
  
 “Independent Investment Banker” means Goldman, Sachs & Co. and any successor firm or, if such firm is unwilling or unable to select the Comparable Treasury Issue, an independent investment banking
institution of national standing appointed by the Company that is acceptable to the Trustee. 
  

 A-6 

 “Reference Treasury Dealer” means Goldman, Sachs & Co. and four other primary U.S.
government securities dealers (each a “Primary Treasury Dealer”), as specified by the Company; provided that (1) if any of Goldman, Sachs & Co. or any Primary Treasury Dealer as specified by the Company shall cease to be a Primary
Treasury Dealer, the Company will substitute therefore another Primary Treasury Dealer and (2) if the Company fails to select a substitute within a reasonable period of time, then the substitute will be a Primary Treasury Dealer selected by the
Trustee after consultation with the Company. 
  
 “Reference
Treasury Dealer Quotations” means, with respect to the Reference Treasury Dealer and any Redemption Date, the average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 
  
 “Treasury Rate” means the rate per year equal to the semi-annual
equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. The
Treasury Rate shall be calculated on the third Business Day preceding the Redemption Date. 
  
 The Company shall notify the Trustee of the Redemption Price with respect to the foregoing redemption promptly after the calculation thereof. The Trustee shall not be responsible for calculating said Redemption Price.

  
 If less than all of the Senior Notes are to be redeemed, DTC,
as depositary, shall determine, in accordance with its procedures, the principal amount of such Senior Notes held by each beneficial owner of such Senior Notes to be redeemed. DTC may select Senior Notes and portions of Senior Notes in amounts of
$2,000 and integral multiples of $1,000. 
  
 No reference herein
to the Indenture and no provision of this Senior Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Senior Note at the time, place and rate,
and in the coin or currency, herein prescribed. 
  
 As provided in
the Indenture and subject to certain limitations therein set forth, the transfer of this Senior Note is registrable in the Security register, upon surrender of this Senior Note for registration of transfer at the office or agency of the Company for
such purpose, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company or the Security registrar and duly executed by, the holder hereof or his attorney duly authorized in writing, and thereupon one or
more new Senior Notes, of authorized denominations and of like tenor and for the same aggregate principal amount, will be issued to the designated transferee or transferees. No service charge shall be made for any such exchange or registration of
transfer, but the Company will require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
  

 A-7 

 Prior to due presentment of this Senior Note for registration of transfer, the Company, the Trustee, any
Person authorized by the Company to pay the principal of or any premium or interest on any Securities on behalf of the Company (“Paying Agent”) and the Security registrar of the Company or the Trustee may deem and treat the Person in whose
name this Senior Note is registered as the absolute owner hereof for all purposes, whether or not this Senior Note be overdue and notwithstanding any notice of ownership or writing thereon made by anyone other than the Security registrar, and
neither the Company nor the Trustee nor any Paying Agent nor the Security registrar shall be affected by notice to the contrary. 
  
 The Senior Notes are issuable only in registered form without coupons in denominations of $2,000 and integral multiples of $1,000. As provided in the
Indenture and subject to certain limitations therein set forth, Senior Notes are exchangeable for a like aggregate principal amount of Senior Notes of a different authorized denomination, as requested by the holder surrendering the same upon
surrender of the Senior Note or Senior Notes to be exchanged at the office or agency of the Company. 
  
 No recourse shall be had for payment of the principal of or interest on this Senior Note, or for any claim based hereon, or otherwise in respect hereof,
or based on or in respect of the Indenture, against any incorporator, stockholder, officer or director, past, present or future, as such, of the Company or of any predecessor or successor corporation, whether by virtue of any constitution, statute
or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released. 
  
 Unless the certificate of authentication hereon has been executed by the
Trustee by manual signature, this Senior Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
  
 This Senior Note shall be governed by, and construed and enforced in accordance with, the internal laws of the state of New York (other than principles of
law that would apply the law of another jurisdiction). 
  

 A-8 

 ABBREVIATIONS 
  
 The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full
according to applicable laws or regulations: 
  

			
	TEN COM – as tenants in common	 	 UNIF GIFT MIN ACT – Custodian under
 Uniform Gift to
Minors Act

	 	 	  

	 	 	(State)
	TEN ENT – as tenants by the entireties	 	 
		
	 JT TEN – as joint tenants with rights of survivorship
   and not as tenants in common
	 	CUST – Custodian

  
 Additional
abbreviations may also be used 
 though not on the above list. 
  
 FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto 
  
 PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE OF ASSIGNEE 
  
  

  

  

 (please insert Social Security or other identifying number of assignee) 
  
 the within Senior Note and all rights thereunder, hereby irrevocably constituting and appointing 
  
  

  

  
 agent to transfer said Senior Note on the books of the Company, with full power of substitution in the premises. 
  

			
	 Dated:
                    
	 	  

	 	 	  

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

  

 A-9

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