Document:

EXHIBIT 4.4

 

ICAHN ENTERPRISES L.P.

 

ICAHN ENTERPRISES FINANCE CORP.

 

Issuers

 

and

 

WILMINGTON TRUST, NATIONAL ASSOCIATION

 

Trustee

 

INDENTURE

 

Dated as of ________ ___, ______

 

Subordinated Debt Securities

 

CROSS-REFERENCE TABLE*

 

	TRUST INDENTURE	 	INDENTURE
	ACT SECTION	 	SECTION
	310 	(a) 	(1) 	 	 	7.10
	 	(a)	(2)	 	 	7.10
	 	(a)	(3)	 	 	N.A.
	 	(a)	(4)	 	 	N.A.
	 	(a)	(5)	 	 	7.10
	 	(b)	 	 	 	7.08; 7.10
	 	(c)	 	 	 	N.A.
	311	(a)	 	 	 	7.11
	 	(b)	 	 	 	7.11
	 	(c)	 	 	 	N.A.
	312	(a)	 	 	 	2.06
	 	(b)	 	 	 	12.03
	 	(c)	 	 	 	12.03
	313	(a)	 	 	 	7.06
	 	(b)	(1)	 	 	7.06
	 	(b)	(2)	 	 	7.06; 7.07
	 	(c)	 	 	 	7.06; 12.02
	 	(d)	 	 	 	7.06
	314	(a)	 	 	 	4.02; 4.03; 12.02
	 	(b)	 	 	 	N.A.
	 	(c)	(1)	 	 	12.04
	 	(c)	(2)	 	 	12.04
	 	(c)	(3)	 	 	N.A.
	 	(d)	 	 	 	N.A.
	 	(e)	 	 	 	12.05
	 	(f)	 	 	 	N.A.
	315	(a)	 	 	 	7.01
	 	(b)	 	 	 	7.05; 12.02
	 	(c)	 	 	 	7.01
	 	(d)	 	 	 	7.01
	 	(e)	 	 	 	6.11
	316	(a)	(last sentence)	 	2.09
	 	(a)	(1)	(A)	 	6.05
	 	(a)	(1)	(B)	 	6.04
	 	(a)	(2)	 	 	N.A.
	 	(b)	 	 	 	6.07
	 	(c)	 	 	 	9.04
	317	(a)	(1)	 	 	6.08
	 	(a)	(2)	 	 	6.09
	 	(b)	 	 	 	2.05
	318	(a)	 	 	 	12.01
	 	(b)	 	 	 	N.A.
	 	(c)	 	 	 	12.01

 

N.A. means not applicable.

* This Cross-Reference Table is not part of the
Indenture.

 

    

    

    

 

TABLE OF CONTENTS

 

	 	 	Page
	ARTICLE 1	DEFINITIONS AND INCORPORATION BY REFERENCE	01
	SECTION 1.01.	Definitions	01
	SECTION 1.02.	Other Definitions	04
	SECTION 1.03.	Incorporation by Reference of Trust Indenture Act	04
	SECTION 1.04.	Rules of Construction	05
	 	 	 
	ARTICLE 2	THE SECURITIES	05
	SECTION 2.01.	Issuable in Series	05
	SECTION 2.02.	Establishment of Terms of Series of Securities	05
	SECTION 2.03.	Execution and Authentication	07
	SECTION 2.04.	Registrar and Paying Agent	08
	SECTION 2.05.	Paying Agent to Hold Money in Trust	09
	SECTION 2.06.	Holders Lists	09
	SECTION 2.07.	Transfer and Exchange	09
	SECTION 2.08.	Mutilated, Destroyed, Lost and Stolen Securities	09
	SECTION 2.09.	Outstanding Securities	10
	SECTION 2.10.	Treasury Securities	10
	SECTION 2.11.	Temporary Securities	10
	SECTION 2.12.	Cancellation	11
	SECTION 2.13.	Defaulted Interest	11
	SECTION 2.14.	Global Securities	11
	SECTION 2.15.	CUSIP Numbers	13
	 	 	 
	ARTICLE 3	REDEMPTION AND PREPAYMENT	13
	SECTION 3.01.	Notices to Trustee	13
	SECTION 3.02.	Selection of Securities to be Redeemed	13
	SECTION 3.03.	Notice of Redemption	13
	SECTION 3.04.	Effect of Notice of Redemption	14
	SECTION 3.05.	Deposit of Redemption Price	14
	SECTION 3.06.	Securities Redeemed in Part	14
	 	 	 
	ARTICLE 4	COVENANTS	15
	SECTION 4.01.	Payment of Securities	15
	SECTION 4.02.	Reports	15
	SECTION 4.03.	Compliance Certificate	15
	SECTION 4.04.	Corporate Existence	16
	SECTION 4.05.	Calculation of Original Issue Discount	16
	 	 	 
	ARTICLE 5	SUCCESSORS	16
	SECTION 5.01.	Merger, Consolidation or Sale of Assets	16
	 	 	 
	ARTICLE 6	DEFAULTS AND REMEDIES	17
	SECTION 6.01.	Events of Default	17
	SECTION 6.02.	Acceleration	18
	SECTION 6.03.	Other Remedies	18
	SECTION 6.04.	Waiver of Past Defaults	19
	SECTION 6.05.	Control By Majority	19
	SECTION 6.06.	Limitation on Suits	19
	SECTION 6.07.	Rights of Holders to Receive Payment	19
	SECTION 6.08.	Collection Suit by Trustee	19
	SECTION 6.09.	Trustee May File Proofs of Claim	20
	SECTION 6.10.	Priorities	20
	SECTION 6.11.	Undertaking For Costs	20

 

    

    

    

 

	ARTICLE 7	TRUSTEE	20
	SECTION 7.01.	Duties of Trustee	20
	SECTION 7.02.	Rights of Trustee	21
	SECTION 7.03.	Individual Rights of Trustee	23
	SECTION 7.04.	Trustee's Disclaimer	23
	SECTION 7.05.	Notice of Defaults	23
	SECTION 7.06.	Reports By Trustee to Holders	23
	SECTION 7.07.	Compensation and Indemnity	23
	SECTION 7.08.	Replacement of Trustee	24
	SECTION 7.09.	Successor Trustee by Merger, Etc.	25
	SECTION 7.10.	Eligibility; Disqualification	25
	SECTION 7.11.	Preferential Collection of Claims Against the Company	25
	 	 	 
	ARTICLE 8	DISCHARGE; LEGAL DEFEASANCE AND COVENANT DEFEASANCE	25
	SECTION 8.01.	Discharge; Option to Effect Legal Defeasance or Covenant Defeasance	25
	SECTION 8.02.	Legal Defeasance and Discharge	26
	SECTION 8.03.	Covenant Defeasance	26
	SECTION 8.04.	Conditions to Legal or Covenant Defeasance	27
	SECTION 8.05.	Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions	27
	SECTION 8.06.	Repayment to the Company	28
	SECTION 8.07.	Reinstatement	28
	 	 	 
	ARTICLE 9	AMENDMENT, SUPPLEMENT AND WAIVER	28
	SECTION 9.01.	Without Consent of Holders	28
	SECTION 9.02.	With Consent of Holders of Securities	30
	SECTION 9.03.	Compliance with Trust Indenture Act	31
	SECTION 9.04.	Revocation and Effect of Consents and Waivers	31
	SECTION 9.05.	Notation on or Exchange of Securities	31
	SECTION 9.06.	Trustee to Sign Amendments, Etc.	31
	 	 	 
	ARTICLE 10	SUBORDINATION	31
	SECTION 10.01.	Securities Subordinated to Senior Indebtedness	31
	SECTION 10.02.	Effectuation of Subordination by Trustee	34
	SECTION 10.03.	Knowledge of Trustee	34
	SECTION 10.04.	Trustee’s Relation to Senior Indebtedness	34
	SECTION 10.05.	Rights of Holders of Senior Indebtedness Not Impaired	35
	 	 	 
	ARTICLE 11	NOTE GUARANTEES	35
	SECTION 11.01.	Guarantee	35
	SECTION 11.02.	Limitation on Guarantor Liability	36
	SECTION 11.03.	Execution and Delivery of Guarantee	36
	 	 	 
	ARTICLE 12	MISCELLANEOUS	36
	SECTION 12.01. 	Trust Indenture Act Controls	36
	SECTION 12.02.	Notices	36
	SECTION 12.03.	Communication by Holders of Securities with Other Holders of Securities	37
	SECTION 12.04.	Certificate and Opinion as to Conditions Precedent	37
	SECTION 12.05.	Statements Required in Certificate or Opinion	38
	SECTION 12.06.	Rules by Trustee, Paying Agent and Registrar	38
	SECTION 12.07.	No Personal Liability of Directors, Officers, Employees and Stockholders	38
	SECTION 12.08.	GOVERNING LAW	38
	SECTION 12.09.	No Adverse Interpretation of Other Agreements	38
	SECTION 12.10.	Successors	38
	SECTION 12.11.	Severability	38
	SECTION 12.12.	Counterpart Originals	38
	SECTION 12.13. 	Table of Contents, Headings, Etc.	38

 

    

    

    

 

INDENTURE dated as of [__],
[__] between Icahn Enterprises L.P., a Delaware limited partnership ("Icahn Enterprises") Icahn Enterprises Finance Corp.,
a Delaware corporation ("Icahn Enterprises Finance" and together with Icahn Enterprises, the "Company"), and
Wilmington Trust, National Association, a national banking association, as trustee (the "Trustee").

 

The Company and the Trustee
agree as follows for the benefit of each other and for the equal and ratable benefit of the Holders of the Securities issued under this
Indenture (the "Securities"):

 

ARTICLE 1

DEFINITIONS AND INCORPORATION BY REFERENCE

 

SECTION 1.01. Definitions.

 

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

 

"Agent" means
any Registrar, Paying Agent or co-registrar.

 

"Bankruptcy Law"
means Title 11 of the United States Code, as amended, or any similar federal, state or foreign law for the relief of debtors.

 

"Board of Directors"
means, with respect to any Person, the board of directors or comparable governing body of such Person.

 

"Board Resolution"
means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been adopted by the Board of
Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the date of the certificate and
delivered to the Trustee.

 

"Business Day"
means any day other than a Legal Holiday.

 

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

 

"Clearstream"
means Clearstream Banking, Societe Anonyme, Luxembourg.

 

"Commission"
or "SEC" means the Securities and Exchange Commission.

 

"Company"
means, collectively Icahn Enterprises and Icahn Enterprises Finance, and any and all successors thereto.

 

"Company Order"
means a written order signed in the name of the Company by two Officers, one of whom must be the Company's principal executive officer,
principal financial officer or principal accounting officer.

 

"Control"
means the possession, directly or indirectly, of the power to direct or cause the direction of management and policies of a Person, whether
through the ownership of Voting Stock, by agreement or otherwise.

 

"Corporate Trust Office
of the Trustee" shall be at the address of the Trustee specified in Section 12.02 or such other address as to which the
Trustee may give notice to the Company.

 

"Custodian"
means the Trustee, as custodian with respect to the Securities in global form, or any successor entity thereto.

 

"Default"
means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default.

 

"Definitive Security"
means a certificated Security registered in the name of the Holder thereof and issued in accordance with Section 2.07.

 

    1

    

    

 

"Depositary"
means, with respect to the Securities issuable or issued in whole or in part in global form, the Person specified in Section 2.14
as the Depositary with respect to the Securities, and any and all successors thereto appointed as depositary hereunder and having become
such pursuant to the applicable provision of this Indenture.

 

"Dollar"
means a dollar or other equivalent unit in such coin or currency of the United States as at the time shall be legal tender for the payment
of public and private debt.

 

"Euroclear"
means Euroclear Bank, S.A./N.V., as operator of the Euroclear system.

 

"Exchange Act"
means the Securities Exchange Act of 1934, as amended.

 

"Foreign Currency"
means any currency or currency unit issued by a government other than the government of The United States of America.

 

"GAAP" means
generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the American
Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board, the Commission
or in such other statements by such other entity as may be approved by a significant segment of the accounting profession of the United
States, which are in effect from time to time; provided, however, that all reports and other financial information provided by the Company
to the Holders of the Securities, the Trustee and/or the Commission shall be prepared in accordance with GAAP, as in effect on the date
of such report or other financial information.

 

"Global Security"
when used with respect to any Series of Securities issued hereunder, means a Security which is executed by the Company and authenticated
and delivered by the Trustee to the Depositary or pursuant to the Depositary's instruction, all in accordance with this Indenture and
an indenture supplemental hereto, if any, or Board Resolution and pursuant to a Company Order, which shall be registered in the name of
the Depositary or its nominee and which shall represent, and shall be denominated in an amount equal to the aggregate principal amount
of, all the outstanding Securities of such Series or any portion thereof, in either case having the same terms, including, without
limitation, the same original issue date, date or dates on which principal and interest are due, and interest rate or method of determining
interest and which shall bear the legend as prescribed by Section 2.14(c).

 

"Global Security Legend"
means the legend set forth in Section 2.14(c), which is required to be placed on all Global Securities issued under this Indenture.

 

"Government Securities"
means direct obligations of, or obligations guaranteed by, the United States of America for the payment of which guarantee or obligations
the full faith and credit of the United States is pledged.

 

"Guarantee"
means a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business), direct or indirect,
in any manner (including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements in
respect thereof), of all or any part of any Indebtedness (whether arising by virtue of partnership arrangements, or by agreements to keep-well,
to purchase assets, goods, securities or services, to take or pay or to maintain financial statement conditions or otherwise).

 

"Guarantor"
means Icahn Enterprises in the event that Icahn Enterprises executes a Guarantee in accordance with the provisions of this Indenture,
and its successors and assigns, in each case, until the Guarantee has been released in accordance with the provisions of this Indenture.

 

"Holder"
means a Person in whose name a Security is registered on the Registrar's books.

 

"Icahn Enterprises"
means Icahn Enterprises L.P. (and not any of its subsidiaries).

 

"Icahn Enterprises
Finance" means Icahn Enterprises Finance Corp.

 

"Indebtedness"
has the meaning specified in the applicable Board Resolution, supplemental indenture or Officers' Certificate relating to a particular
Series of Securities.

 

    2

    

    

 

"Indenture"
means this Indenture, as amended or supplemented from time to time.

 

"Interest Payment
Date" when used with respect to any Series of Securities, means the date specified in such Securities for the payment of
any installment of interest on those Securities.

 

"Legal Holiday"
means a Saturday, a Sunday or a day on which banking institutions in the City of New York or at a place of payment are authorized by law,
regulation or executive order to remain closed. If a payment date or redemption date is a Legal Holiday at a place of payment, payment
may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue on such payment for the
intervening period.

 

"Maturity"
when used with respect to any Security or installment of principal thereof, means the date on which the principal of such Security or
such installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration
of acceleration, call for redemption, notice of option to elect repayment or otherwise.

 

"Offering"
means the offering of the Securities by the Company.

 

"Officer"
means, with respect to any Person, the Chairman of the Board, the Chief Executive Officer, the President, the Chief Operating Officer,
the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Vice-President of such Person.

 

"Officers' Certificate"
means a certificate signed on behalf of the Company by two Officers of the Company, one of whom must be the principal executive officer,
the principal financial officer or the principal accounting officer of the Company, delivered to the Trustee that meets the requirements
set forth in this Indenture, including without limitation the requirements of Section 12.05.

 

"Opinion of Counsel"
means a written opinion from legal counsel who is reasonably acceptable to the Trustee, that meets the requirements of Section 12.05.
The counsel may be an employee of or counsel to the Company, any Guarantor, or, at the Trustee’s option, the Trustee.

 

"Original Issue Discount
Security" means any Security that provides for an amount less than the stated principal amount thereof to be due and payable
upon declaration of acceleration of the maturity thereof pursuant to Section 6.02.

 

"Participant"
means, with respect to the Depositary, Euroclear or Clearstream, a Person who has an account with the Depositary, Euroclear or Clearstream,
respectively (and, with respect to the Depositary Trust Company, shall include Euroclear and Clearstream).

 

"Person"
means any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated
organization, government or any agency or political subdivision thereof or any other entity.

 

"Responsible Officer,"
when used with respect to the Trustee, means any officer within the Corporate Trust Office of the Trustee (or any successor group of the
Trustee) and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because
of his knowledge of and familiarity with the particular subject, and in each case, who shall have direct responsibility for the administration
of this Indenture

 

"Securities"
has the meaning assigned to it in the preamble to this Indenture.

 

"Securities Act"
means the Securities Act of 1933, as amended.

 

"Series"
or "Series of Securities" means each series of debentures, notes or other debt instruments of the Company created
pursuant to Sections 2.01 and 2.02.

 

    3

    

    

 

"Significant Subsidiary"
means any Subsidiary which would be a "significant subsidiary" as defined in Article 1, Rule 1-02 of Regulation S-X,
promulgated pursuant to the Securities Act of 1933, as amended.

 

"Stated Maturity"
when used with respect to any Security, means the date specified in such Security as the fixed date on which an amount equal to the principal
amount of such Security is due and payable.

 

"Subsidiary"
means, with respect to any specified Person:

 

(1) any corporation, association
or other business entity of which more than 50% of the total Voting Stock is at the time owned or Controlled, directly or indirectly,
by that Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and

 

(2) any partnership (a) the
sole general partner or the managing general partner of which is such Person or a Subsidiary of such Person or (b) the only general
partners of which are that Person or one or more Subsidiaries of that Person (or any combination thereof).

 

"TIA" means
the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) as in effect on the date on which this Indenture is qualified under
the TIA.

 

"Trustee"
means the party named as such above until a successor replaces it in accordance with the applicable provisions of this Indenture and thereafter
means the successor serving hereunder.

 

"Voting Stock"
means, with respect to any Person that is (a) a corporation, any class or series of capital stock of such Person that is ordinarily
entitled to vote in the election of directors thereof at a meeting of stockholders called for such purpose, without the occurrence of
any additional event or contingency, (b) a limited liability company, membership interests entitled to manage, or to elect or appoint
the Persons that will manage the operations or business of the limited liability company, or (c) a partnership, partnership interests
entitled to elect or replace the general partner thereof.

 

"Wholly Owned Subsidiary"
of a Person means a subsidiary of such person all of the outstanding Capital Stock or other ownership interests of which (other than directors'
qualifying shares) shall at the time be owned by such Person or by one or more Wholly Owned Subsidiaries of such Person or by such Person
and one or more Wholly Owned Subsidiaries of such Person.

 

SECTION 1.02. Other Definitions.

 

	Term	 	Defined in
 Section	 
	"Covenant Defeasance"	 	 	8.03	 
	"Event of Default"	 	 	6.01	 
	"Legal Defeasance"	 	 	8.02	 
	"notice of acceleration"	 	 	6.02	 
	"Paying Agent"	 	 	2.04	 
	"Registrar"	 	 	2.04	 
	"Service Agent"	 	 	2.04	 
	"Transfer"	 	 	5.01	 

 

SECTION 1.03. Incorporation by Reference
of Trust Indenture Act.

 

Whenever this Indenture refers
to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture.

 

The following TIA terms used
in this Indenture have the following meanings:

 

"Indenture Securities"
means the Securities;

 

    4

    

    

 

"Indenture Security Holder" means
a Holder of a Security

 

"Indenture to be Qualified" means
this Indenture;

 

"Indenture Trustee"
or "Institutional Trustee" means the Trustee; and

 

"Obligor"
on the Securities means the Company and any successor obligor upon the Securities.

 

All other terms used in this
Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under the TIA have the
meanings so assigned to them.

 

SECTION 1.04. Rules of Construction.

 

Unless the context otherwise
requires:

 

(a) a term has the meaning
assigned to it;

 

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

 

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

 

(d) provisions apply
to successive events and transactions; and

 

(e) references to sections
of or rules under the Securities Act, the Exchange Act or the TIA shall be deemed to include substitute, replacement of successor
sections or rules adopted by the Commission from time to time.

 

ARTICLE 2

THE SECURITIES

 

SECTION 2.01. Issuable in Series.
The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities
may be issued in one or more Series. All Securities of a Series shall be identical except as may be set forth in a Board Resolution,
a supplemental indenture or an Officers' Certificate detailing the adoption of the terms thereof pursuant to the authority granted under
a Board Resolution. In the case of Securities of a Series to be issued from time to time, the Board Resolution, Officers' Certificate
or supplemental indenture may provide for the method by which specified terms (such as interest rate, maturity date, record date or date
from which interest shall accrue) are to be determined. Securities may differ between Series in respect of any matters.

 

SECTION 2.02. Establishment of Terms of
Series of Securities. At or prior to the issuance of any Securities within a Series, the following shall be established (as to
the Series generally, in the case of Subsection 2.02(a) and either as to such Securities within the Series or as to the
Series generally in the case of Subsections 2.02(b) through 2.02(x)) by a Board Resolution, a supplemental indenture or an Officers'
Certificate pursuant to authority granted under a Board Resolution:

 

(a) the title of the
Securities of the Series (which shall distinguish the Securities of that particular Series from the Securities of any other
Series);

 

(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);

 

    5

    

    

 

(c) the date or dates
on which the principal and premium, if any, of the Securities of the Series are payable;

 

(d) the rate or rates
(which may be fixed or variable) at which the Securities of the Series shall bear interest, if any, or the method of determining
such rate or rates, the date or dates from which such interest, if any, shall accrue, the Interest Payment Dates on which such interest,
if any, shall be payable or the method by which the Interest Payment Dates will be determined, the record dates for the determination
of Holders thereof to whom interest is payable (in the case of Securities in registered form), and the basis upon which such interest
will be calculated if other than that of a 360-day year of twelve 30-day months;

 

(e) the currency or currencies,
including composite currencies, in which Securities of the Series shall be denominated, if other than Dollars, the place or places,
if any, in addition to or instead of the Corporate Trust Office of the Trustee (in the case of Securities in registered form), where the
principal, premium, if any, and interest with respect to Securities of such Series shall be payable or the method of such payment,
if by wire transfer, mail or other means;

 

(f) 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 or otherwise;

 

(g) the obligation, if
any, of the Company to redeem, purchase or repay the Securities of the Series pursuant to any sinking fund or analogous provisions
or at the option of a Holder thereof and the price or prices at which, 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, pursuant to such obligations;

 

(j) the terms, if any,
upon which the Securities of the Series may be convertible into or exchanged for any of the Company's common stock, preferred stock,
other securities or warrants to purchase the Company's common stock, preferred stock or other securities and the terms and conditions
upon which such conversion or exchange shall be effected, including the initial conversion or exchange price or rate, the conversion or
exchange period and any other additional provisions;

 

(k) if other than minimum
denominations of one thousand U.S. dollars ($1,000) or any integral multiple thereof, the denominations in which the Securities of the
Series shall be issuable;

 

(l) if the amount of
principal, premium, if any, or interest with respect to the Securities of the Series may be determined with reference to an index
or pursuant to a formula, the manner in which such amounts will be determined;

 

(m) if the principal
amount payable at the Stated Maturity of Securities of the Series will not be determinable as of any one or more dates prior to such
Stated Maturity, the amount that will be deemed to be such principal amount as of any such date for any purpose, including the principal
amount thereof which will be due and payable upon any Maturity other than the Stated Maturity and which will be deemed to be outstanding
as of any such date (or, in any such case, the manner in which such deemed principal amount is to be determined), and, if necessary, the
manner of determining the equivalent thereof in Dollars;

 

(n) the applicability
of, if any, and any changes or additions to Article 8;

 

(o) if other than the
principal amount thereof, the portion of the principal amount of the Securities of the Series that shall be payable upon declaration
of acceleration of the maturity thereof pursuant to Section 6.02;

 

(p) the terms, if any,
of the transfer, mortgage, pledge or assignment as security for the Securities of the Series of any properties, assets, moneys, proceeds,
securities or other collateral, including whether certain provisions of the TIA are applicable and any corresponding changes to provisions
of this Indenture as then in effect;

 

    6

    

    

 

(q) any addition to or
change in the Events of Default which applies to any Securities of the Series and any change in the right of the Trustee or the requisite
Holders of such Series of Securities to declare the principal, premium, if any, and interest on such Series of Securities due
and payable pursuant to Section 6.02;

 

(r) if the Securities
of the Series shall be issued in whole or in part in the form of a Global Security, the terms and conditions, if any, upon which
such Global Security may be exchanged in whole or in part for other individual Definitive Securities of such Series, the Depositary for
such Global Security and the form of any legend or legends to be borne by any such Global Security in addition to or in lieu of the Global
Securities Legend;

 

(s) any Trustee, authenticating
agent, Paying Agent, transfer agent, Service Agent or Registrar;

 

(t) the applicability
of, and any addition to or change in, the covenants (and the related definitions) set forth in Articles 4 or 5 which applies to the Securities
of the Series;

 

(u) any additional or
different subordination terms, if any, applicable to the Securities of the Series;

 

(v) with regard to Securities
of the Series that do not bear interest, the dates for certain required reports to the Trustee;

 

(w) any United Stated
Federal income tax consequences applicable to the Securities;

 

(x) the terms applicable
to Original Issue Discount Securities, including the rate or rates at which original issue discount will accrue; and

 

(y) any other terms of
Securities of the Series (which terms shall not be inconsistent with the provisions of this Indenture, except as permitted by Section 9.01,
but which may modify or delete any provision of this Indenture insofar as it applies to such Series).

 

All Securities of any one
Series need not be issued at the same time and may be issued from time to time, consistent with the terms of this Indenture, if so
provided by or pursuant to the Board Resolution, supplemental indenture or Officers' Certificate referred to above, and the authorized
principal amount of any Series may not be increased to provide for issuances of additional Securities of such Series, unless otherwise
provided in such Board Resolution, supplemental indenture or Officers' Certificate.

 

SECTION 2.03. Execution and Authentication.
One Officer shall sign the Securities for the Company by manual, electronic or facsimile signature. If an Officer whose signature is on
a Security no longer holds that office at the time the Security is authenticated, the Security shall nevertheless be valid. A Security
shall not be valid until authenticated by the manual signature of the Trustee or an authenticating agent. The signature shall be conclusive
evidence that the Security has been authenticated under this Indenture.

 

The Trustee shall at any time,
and from time to time, authenticate Securities for original issue in the principal amount provided in the Board Resolution, supplemental
indenture or Officers' Certificate, upon receipt by the Trustee of a Company Order. Each Security shall be dated the date of its authentication..

 

The aggregate principal amount
of Securities of any Series outstanding at any time may not exceed any limit upon the maximum principal amount for such Series set
forth in the Board Resolution, supplemental indenture or Officers' Certificate delivered pursuant to Section 2.02, except as provided
in Section 2.08.

 

Prior to the issuance of Securities
of any Series, the Trustee shall have received and (subject to Section 7.02) shall be fully protected in relying on:

 

(a) the Board Resolution,
supplemental indenture or Officers' Certificate establishing the form of the Securities of that Series or of Securities within that
Series and the terms of the Securities of that Series or Securities within that Series; (b) an Officers' Certificate complying
with Section 12.05; and (c) an Opinion of Counsel complying with Section 12.05 and also stating:

 

	 	(i)	if the form or forms of such Securities has been established by or pursuant to a Board Resolution or Officers’ Certificate, that each such form has been established in conformity with the provisions of this Indenture;

 

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	 	(ii)	if the terms of such Securities have been, or will be, established by or pursuant to a Board Resolution or Officers’ Certificate, that such terms have been or will be, established in conformity with the provisions of this Indenture; and

 

	 	(iii)	that such Securities when authenticated and delivered by the Trustee and issued by the Company will constitute valid and legally binding obligations of the Company and, if applicable, the Guarantees will constitute valid, and legally binding obligations of the Guarantors, enforceable in accordance with their respective terms, subject to bankruptcy, insolvency, moratorium, reorganization, liquidation, fraudulent conveyance or transfer and other similar laws of general applicability relating to or affecting the enforcement of creditors’ rights, or to general equity principles.

 

The Trustee shall have the
right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised by counsel, determines
that such action may not lawfully be taken; (b) if the Trustee in good faith by its board of directors or trustees, executive committee
or a trust committee of directors and/or vice-presidents shall determine that such action would expose the Trustee to personal liability
to Holders of any then outstanding Series of Securities, or (c) the issue of such Securities pursuant to this Indenture will
affect the Trustee’s own rights, duties or immunities under this Indenture or otherwise.

 

The Trustee may appoint an
authenticating agent acceptable to the Company to authenticate Securities. An authenticating agent may authenticate Securities whenever
the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating
agent has the same rights as an Agent to deal with the Company or an Affiliate.

 

Any Global Securities (i) shall
be registered in the name of the Depositary or the nominee of the Depositary and (ii) shall be delivered by the Trustee to the Depositary
or pursuant to the Depositary’s instructions or held by the Trustee as Custodian. Participants shall have no rights either under
this Indenture with respect to any Global Security held on their behalf by the Depositary or by the Custodian or under such Global Security,
and the Depositary may be treated by the Company, the Trustee and any agent of the Company or Trustee as the owner of such Global Security
for all purposes. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any Agent or other agent of
the Company or the Trustee from giving effect to any written certificate, proxy or other authorization furnished by the Depositary or
impair, as between the Depositary and its Participants, the operation of customary practices of such Depositary governing the exercise
of the rights of an owner of a beneficial interest in any Global Security.

 

The Trustee shall have no
responsibility or obligation to any Holder, any member or Participant of the Depositary or any other Person with respect to the accuracy
of the records of the Depositary (or its nominee) or of any Participant or member thereof, with respect to any ownership interest in the
Securities or with respect to the delivery of any notice (including without limitation any notice of redemption) or the payment of any
amount or delivery of any Securities (or other security or property) under which or with respect to the Securities. The Trustee may rely
(and shall be fully protected in relying) upon information furnished by the Depositary with respect to its members and Participants.

 

SECTION 2.04. Registrar and Paying Agent.
The Company shall maintain, with respect to each Series of Securities, at the place or places specified with respect to such Series pursuant
to Section 2.02, an office or agency where Securities of such Series may be presented or surrendered for payment ("Paying
Agent") and where Securities of such Series may be presented for registration of transfer or for exchange ("Registrar").
The Registrar shall keep a register with respect to each Series of Securities and to their transfer and exchange. The Company will
give prompt written notice to the Trustee of the name and address, and any change in the name and address, of each Registrar or Paying
Agent. If at any time the Company shall fail to maintain any such required Registrar or Paying Agent or shall fail to furnish the Trustee
with the name and address thereof, such presentations or surrenders may be made at the Corporate Trust Office of the Trustee, and the
Company hereby appoints the Trustee as its agent to receive all such presentations and surrenders. In no case will any service of legal
process be made against the Company at the office of the Trustee.

 

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The Company may also from
time to time designate one or more co-registrars or additional paying agents and may from time to time rescind such designations; provided,
however, that no such designation or rescission shall in any manner relieve the Company of its obligations to maintain a Registrar or
Paying Agent in each place so specified pursuant to Section 2.02 for Securities of any Series for such purposes. The Company
will give prompt written notice to the Trustee of any such designation or rescission and of any change in the name or address of any such
co-registrar or additional paying agent. The term "Registrar" includes any co-registrar, and the term "Paying Agent"
includes any additional paying agent.

 

The Company hereby appoints
the Trustee as the initial Registrar and Paying Agent for each Series unless another Registrar or Paying Agent, as the case may be,
is appointed prior to the time the Securities of that Series are first issued.

 

SECTION 2.05. Paying Agent to Hold Money
in Trust. The Company shall require each Paying Agent, other than the Trustee, to agree in writing that the Paying Agent will hold
in trust, for the benefit of Holders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment
of principal of or interest on the Series of Securities, and will notify the Trustee of any default by the Company in making any
such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The
Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying
Agent (if other than the Company or a Subsidiary) shall have no further liability for the money. If the Company or a Subsidiary acts as
Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders of any Series of Securities all
money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as
Paying Agent for the Securities.

 

SECTION 2.06. Holders Lists. The Trustee
shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of all
Holders of each Series of Securities and shall otherwise comply with TIA Section 312(a). If the Trustee is not the Registrar,
the Company shall furnish to the Trustee at least seven Business Days before each Interest Payment Date and at such other times as the
Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses
of the Holders of each Series of Securities and the Company shall otherwise comply with TIA Section 312(a).

 

SECTION 2.07. Transfer and Exchange.
When Securities of a Series are presented to the Registrar or a co-registrar with a request to register a transfer or to exchange
them for an equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange if
its requirements for such transactions are met. To permit registrations of transfers and exchanges, the Trustee shall authenticate Securities
at the Registrar's request. No service charge shall be made for any registration of transfer or exchange (except as otherwise expressly
permitted herein), but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable
in connection therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant
to Sections 2.11, 3.06, or 9.05).

 

Neither the Company nor the
Registrar shall be required (a) to issue, register the transfer of, or exchange Securities of any Series for the period beginning
at the opening of business fifteen days immediately preceding the delivery of a notice of redemption of Securities of that Series selected
for redemption and ending at the close of business on the day of such delivery or (b) to register the transfer or exchange of any
Security of any Series selected, called or being called for redemption as a whole or the portion being redeemed of any such Securities
selected, called or being called for redemption in part.

 

SECTION 2.08. Mutilated, Destroyed, Lost
and Stolen Securities. If any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee, upon receipt
of a Company Order, shall authenticate and deliver in exchange therefor a new Security of the same Series and of like tenor and principal
amount and bearing a number not contemporaneously outstanding. If there shall be delivered to the Company and the Trustee (i) evidence
to their satisfaction of the destruction, loss or theft of any Security and (ii) such security or indemnity as may be required by
them in their judgment to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or
the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute and upon receipt of a Company Order,
the Trustee shall authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen Security, a new Security
of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding.

 

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

 

Upon the issuance of any new
Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that
may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.

 

Every new Security of any
Series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an original additional
contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone,
and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of the Series duly
issued hereunder.

 

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

 

SECTION 2.09. Outstanding Securities.
The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered
to it for cancellation, those reductions in the interest in a Global Security effected by the Trustee in accordance with the provisions
hereof, and those described in this Section 2.09 as not outstanding. Except as set forth in Section 2.10 hereof, a Security
does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security; however, Securities held by the
Company or a Subsidiary of the Company shall not be deemed to be outstanding for purposes of Section 9.02 hereof.

 

If a Security is replaced
pursuant to Section 2.08, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Security
is held by a bona fide purchaser.

 

If the Paying Agent (other
than the Company, a Subsidiary or an Affiliate of any thereof) holds, on the Maturity of Securities of a Series money sufficient
to pay such Securities of the Series payable on that date, then on and after that date such Securities of the Series shall be
deemed to be no longer outstanding and shall cease to accrue interest.

 

In determining whether the
Holders of the requisite principal amount of outstanding Securities have given any request, demand, authorization, direction, notice,
consent or waiver hereunder, the principal amount of an Original Issue Discount Security that shall be deemed to be outstanding for such
purposes shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a declaration
of acceleration of the Maturity thereof pursuant to Section 6.02.

 

SECTION 2.10. Treasury Securities.
In determining whether the Holders of the required principal amount of Securities of a Series have concurred in any request, demand,
authorization, notice, direction, waiver or consent, Securities of a Series owned by the Company or an Affiliate shall be disregarded,
except that for the purposes of determining whether the Trustee shall be protected in relying on any such request, demand, authorization,
notice, direction, waiver or consent, only Securities of a Series that the Trustee knows are so owned shall be disregarded.

 

SECTION 2.11. Temporary Securities.
Until Definitive Securities are ready for delivery, the Company may prepare and the Trustee shall, upon receipt of a Company Order, authenticate
temporary Securities upon a Company Order. Temporary Securities shall be substantially in the form of Definitive Securities but may have
variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and
the Trustee shall, upon receipt of a Company Order, authenticate Definitive Securities of the same Series and date of maturity in
exchange for temporary Securities. Until so exchanged, temporary Securities shall be entitled to the same rights under this Indenture
as the Definitive Securities.

 

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SECTION 2.12. Cancellation. The Company
at any time may deliver Securities to the Trustee for cancellation. The Registrar and Paying Agent and any other Person shall forward
to the Trustee any Securities surrendered to them for cancellation, registration of transfer, exchange or payment. The Trustee will dispose
of canceled Securities in accordance with its customary practice (subject to the record retention requirement of the Exchange Act). Evidence
of cancellation of all canceled Securities, or confirmation of the reduction in the aggregate principal amount outstanding represented
by a Global Security, as applicable, will be delivered to the Company upon written request. The Company may not issue new Securities to
replace Securities that it has paid or that have been delivered to the Trustee for cancellation.

 

SECTION 2.13. Defaulted Interest.
If the Company defaults in a payment of interest on a Series of Securities, it shall pay the defaulted interest in any lawful manner
plus, to the extent lawful, any interest payable on the defaulted interest, to the Persons who are Holders of the Series on a subsequent
special record date. The Company will notify the Trustee in writing of the amount of defaulted interest proposed to be paid on each Security
and the date of the proposed payment. The Company shall fix each such special record date and payment date. At least 15 days before the
special record date, the Company (or upon the written request of the Company, the Trustee, in the name and at the expense of the Company)
shall mail or cause to be mailed (or send or cause to be sent by electronic transmission in the case of Global Securities) to Holders
of the Series a notice that states the special record date, the related payment date and the amount of such interest to be paid.
The Company may pay defaulted interest in any other lawful manner.

 

SECTION 2.14. Global Securities.

 

(a) Terms of Securities.
A Board Resolution, a supplemental indenture hereto or an Officers' Certificate shall establish whether the Securities of a Series shall
be issued in whole or in part in the form of one or more Global Securities and the Depositary for such Global Security or Securities.

 

(b) Transfer and Exchange.
Notwithstanding any provisions to the contrary contained in Section 2.07 and in addition thereto, any Global Security shall be exchangeable
pursuant to Section 2.07 for Securities registered in the names of Holders other than the Depositary for such Security or its nominee
only if:

 

(i) such Depositary notifies
the Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases
to be a clearing agency registered under the Exchange Act, and in either case, the Company fails to appoint a successor Depositary within
90 days of such event;

 

(ii) the Company executes
and delivers to the Trustee an Officers' Certificate to the effect that such Global Security shall be so exchangeable; or

 

(iii) an Event of Default
with respect to the Securities represented by such Global Security shall have happened and be continuing. Any Global Security that is
exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in such names as the Depositary shall
direct in writing in an aggregate principal amount equal to the principal amount of the Global Security with like tenor and terms.

 

Except as provided in this
Section 2.14(b), a Global Security may not be transferred except as a whole by the Depositary with respect to such Global Security
to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by the Depositary
or any such nominee to a successor Depositary or a nominee of such a successor Depositary.

 

(c) Legend. Any Global Security issued
hereunder shall bear a legend in substantially the following form:

 

"THIS GLOBAL SECURITY
IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL
OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THIS GLOBAL SECURITY MAY BE EXCHANGED
IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.07 OF THE INDENTURE, (II) THIS GLOBAL SECURITY MAY BE DELIVERED TO
THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.12 OF THE INDENTURE AND (III) THIS GLOBAL SECURITY MAY BE TRANSFERRED
TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF ICAHN ENTERPRISES L.P."

 

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(d) Acts of Holders.

 

(i) Any request, demand,
authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders may be embodied
in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed
in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments
are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the action
embodied therein and evidenced thereby) are herein sometimes referred to as the "Act" of Holders signing such instrument or
instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of
this Indenture and conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section.

 

(ii) The fact and date
of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a
certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing
such instrument or writing acknowledged to such officer the execution thereof. Where such execution is by a signer acting in a capacity
other than such signer's individual capacity, such certificate or affidavit shall also constitute sufficient proof of such signer's authority.
The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved
in any other manner which the Trustee deems sufficient.

 

(iii) The ownership of
registered securities shall be proved by the register maintained by the Registrar.

 

(iv) Any request, demand,
authorization, direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future Holder of the same
Security and the holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof
in respect of anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation
of such action is made upon such Security.

 

(v) If the Company shall
solicit from the Holders any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its
option, by or pursuant to a Board Resolution, fix in advance a record date for the determination of Holders entitled to give such request,
demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so if such a record
date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such
record date, but only the Holders of record at the close of business on such record date shall be deemed to be Holders for the purposes
of determining whether Holders of the requisite proportion of outstanding Securities have authorized or agreed or consented to such request,
demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the outstanding Securities shall be computed
as of such record date; provided that no such authorization, agreement or consent by the Holders on such record date shall be deemed effective
unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record date.

 

(e) Payments.
Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated by Section 2.02, payment of the
principal of and interest, if any, on any Global Security shall be made to the Holder thereof.

 

(f) Consents, Declaration
and Directions. Except as provided in Section 2.14(e), the Company, the Trustee and any Agent shall treat a person as the Holder
of such principal amount of outstanding Securities of such Series represented by a Global Security as shall be specified in a written
statement of the Depositary with respect to such Global Security, for purposes of obtaining any consents, declarations, waivers or directions
required to be given by the Holders pursuant to this Indenture.

 

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SECTION 2.15. 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; provided that 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 elements of identification printed on the Securities, and any such redemption shall not be affected by
any defect in or omission of such numbers. The Company shall promptly notify the Trustee of any change in CUSIP Numbers.

 

ARTICLE 3

REDEMPTION AND PREPAYMENT

 

SECTION 3.01. Notices to Trustee.
The Company may, with respect to any Series of Securities, reserve the right to redeem and pay the Series of Securities or may
covenant to redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on
such terms as provided for in such Series of Securities. If a Series of Securities is redeemable and the Company wants or is
obligated to redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms of such Securities,
it shall notify the Trustee of the redemption date and the principal amount of Securities of the Series to be redeemed and the redemption
price. The Company shall give such notice to the Trustee at least 45 but no more than 60 days before the redemption date (or such shorter
notice as may be acceptable to the Trustee).

 

SECTION 3.02. Selection of Securities
to be Redeemed. Unless otherwise indicated for a particular Series by a Board Resolution, supplemental indenture or an Officers'
Certificate, if less than all of the Securities are to be redeemed or purchased in an offer to purchase at any time, the Securities to
be redeemed or purchased will be selected as follows: (a) if the Securities are in the form of Global Securities, in accordance with
the procedures of the Depositary, and (b) if the Securities are listed on any national securities exchange, in compliance with the
requirements of the principal national securities exchange, if any, on which the Securities are listed. No Securities of $1,000 principal
amount or less will be redeemed in part. Except as provided in the preceding sentence, provisions of this Indenture that apply to Securities
called for redemption also apply to portions of Securities called for redemption.

 

If any Security is to be redeemed
in part only, the notice of redemption that relates to such Security shall state the portion of the principal amount of that Security
to be redeemed. A new Security in principal amount equal to the unredeemed portion of the original Security presented for redemption will
be issued in the name of the Holder thereof upon cancellation of the original Security. Securities called for redemption become due on
the date fixed for redemption. On and after the redemption date, interest ceases to accrue or accrete on Securities or portions of them
called for redemption.

 

SECTION 3.03. Notice of Redemption.
Unless otherwise provided for a particular Series of Securities by a Board Resolution, a supplemental indenture or an Officers' Certificate,
at least 30 days but not more than 60 days before a redemption date, the Company shall send, by first class mail, or electronically in
accordance with the procedures of the Depositary, a notice of redemption to each Holder whose Securities are to be redeemed at its registered
address, except that a notice of redemption may be given more than 60 days prior to a redemption date if the notice is used in connection
with Article 8 hereof.

 

The notice shall identify the Securities to be
redeemed and shall state:

 

(a) the redemption date;

 

(b) the Redemption Price
(as defined in the Indenture for the Series of Securities);

 

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(c) if any Security is
being redeemed in part, the portion of the principal amount of such Security to be redeemed and that, after the redemption date upon surrender
of such Security, a new Security or Securities in principal amount equal to the unredeemed portion shall be issued upon cancellation of
the original Security;

 

(d) the name and address
of the Paying Agent;

 

(e) that Securities called
for redemption must be surrendered to the Paying Agent to collect the redemption price;

 

(f) that, unless the
Company defaults in making such redemption payment or the Paying Agent is prohibited from making such payment pursuant to the terms of
this Indenture, interest on the Securities called for redemption ceases to accrue on and after the redemption date;

 

(g) the paragraph of
the Securities and/or provision of this Indenture or any supplemental indenture or Board Resolution pursuant to which the Securities called
for redemption are being redeemed;

 

(h) the CUSIP number,
if any, printed on the Securities being redeemed; and

 

(i) that no representation is made as to the
correctness or accuracy of the CUSIP number, if any, listed in such notice or printed on the Securities.

 

At the Company's written request,
the Trustee shall give the notice of redemption in the Company's name and at its expense; provided, however, that the Company shall have
delivered to the Trustee, at least 45 days prior to the redemption date (or such shorter period as shall be acceptable to the Trustee),
an Officers' Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as
provided in the preceding paragraph. If any of the Securities to be redeemed is in the form of a Global Security, then the Company shall
modify such notice to the extent necessary to conform with the procedures of the Depositary applicable to such redemption.

 

SECTION 3.04. Effect of Notice of Redemption.
Once notice of redemption is sent in accordance with Section 3.03, Securities called for redemption become irrevocably due and payable
on the redemption date at the redemption price, plus accrued and unpaid interest to such date. A notice of redemption may not be conditional.
Failure to give notice or any defect in the notice to the Holder of any Security shall not affect the validity of the notice to any other
Holder.

 

SECTION 3.05. Deposit of Redemption Price.
On or before 11:00 a.m. (New York City time) on the redemption date, the Company shall deposit with the Trustee or with the Paying
Agent (or if the Company or any Subsidiary is the Paying Agent, shall segregate and hold in trust) money sufficient to pay the redemption
price, of and accrued interest on, all Securities to be redeemed on that date, other than Securities or portions of Securities called
for redemption that have been delivered to the Trustee for cancellation. The Trustee or the Paying Agent shall as promptly as practicable
return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay
the redemption price of, and accrued interest on, all Securities to be redeemed. If such money is then held by the Company or a Subsidiary
in trust and is not required for such purpose, it shall be discharged from such trust.

 

If the Company complies with
the provisions of the preceding paragraph, on and after the redemption, interest shall cease to accrue on the Securities called for redemption.
If a Security is redeemed on or after an interest record date but on or prior to the related Interest Payment Date, then any accrued and
unpaid interest shall be paid to the Person in whose name such Security was registered at the close of business on such record date. If
any Security called for redemption shall not be so paid upon surrender for redemption because of the failure of the Company to comply
with the preceding paragraph, interest shall be paid on the unpaid principal from the redemption date until such principal is paid, and
to the extent lawful, on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities.

 

SECTION 3.06. Securities Redeemed in Part.
Upon surrender of a Security that is redeemed in part, the Company shall execute and, upon receipt of a Company Order, the Trustee shall
authenticate for the Holder at the expense of the Company a new Security equal in principal amount to the unredeemed portion of the Security
surrendered.

 

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ARTICLE 4

COVENANTS

 

SECTION 4.01. Payment of Securities.
The Company covenants and agrees for the benefit of the Holders of each Series of Securities that it will duly and punctually make
all payments in respect of each Series of Securities on the dates and in the manner provided in such Series of Securities and
this Indenture. Such payments shall be considered made on the date the Trustee or the Paying Agent, if other than the Company or a Subsidiary
thereof, holds, as of 10:00 a.m. New York City time, in accordance with this Indenture, funds sufficient to make all payments with
respect to such Securities then due and the Trustee or the Paying Agent, as the case may be, is not prohibited from paying such money
to the Holders on that date pursuant to the terms of this Indenture.

 

SECTION 4.02. Reports. Unless otherwise
indicated in a Board Resolution, a supplemental indenture or an Officers' Certificate, whether or not required by the rules and regulations
of the Commission so long as any Securities are outstanding, the Company shall furnish to the Trustee and the Holders of the Securities
the following:

 

(a) all quarterly and
annual financial information that would be required to be contained in a filing with the Commission on Forms 10-Q and 10-K if the Company
were required to file such Forms, including a "Management's Discussion and Analysis of Financial Condition and Results of Operations"
and, with respect to the annual information only, a report thereon by the Company's certified independent accountants;

 

(b) all current reports
that would be required to be filed with the Commission on Form 8-K if the Company were required to file such reports; and

 

(c) any other information,
reports and documents that the Company is required to file with the Commission pursuant to Section 13 or Section 15(d) of
the Exchange Act.

 

in each case, within the time periods specified
in the Commission's rules and regulations; provided that such information and reports need not be furnished to the Holders if they
are generally available on the Internet free of charge.

 

In addition, whether or not
required by the rules and regulations of the Commission, the Company shall file a copy of all such information and reports with the
Commission for public availability within the time periods specified in the Commission's rules and regulations (unless the Commission
shall not accept such a filing) and make such information available to securities analysts and prospective investors upon request.

 

Reports by the Company delivered
to the Trustee should be considered for informational purposes only and the Trustee’s receipt of such shall not constitute constructive
notice of any information contained therein or determinable from information contained therein, including the Company’s compliance
with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). The Trustee
shall have no duty to determine whether any reports have been posted or filed.

 

Notwithstanding the foregoing,
if the Company files with the Commission the reports required by the preceding paragraphs electronically via the EDGAR filing system (or
any successor filing system) within such specified time periods and such reports are publicly available, the Company shall not be required
under this Indenture to furnish such reports to the Trustee or the Holders.

 

SECTION 4.03. Compliance Certificate.

 

(a) The Company and each
Guarantor (to the extent that such Guarantor is so required under the TIA) shall deliver to the Trustee, within 90 days after the end
of each fiscal year of the Company, an Officers' Certificate stating that a review of the activities of the Company and its Subsidiaries
during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether each of
the Company and any other obligors has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating,
as to each such Officer signing such certificate, that to the best of his or her knowledge each entity has fulfilled all of its obligations
under this Indenture throughout such year and is not in default in the performance or observance of any of the terms, provisions and conditions
of this Indenture (or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which
he or she may have knowledge and what action the Company is taking or proposes to take with respect thereto) and that to the best of his
or her knowledge no event has occurred and remains in existence by reason of which payments on account of the principal of, premium on,
if any, or interest on, the Securities is prohibited or if such event has occurred, a description of the event and what action the Company
is taking or proposes to take with respect thereto.

 

    15

    

    

 

(b) So long as not contrary
to the then current recommendations of the American Institute of Certified Public Accountants, the year-end financial statements delivered
pursuant to Section 4.02(a) above shall be accompanied by a written statement of the Company's independent public accountants
(who shall be a firm of established national reputation, reasonably satisfactory to the Trustee) that in making the examination necessary
for certification of such financial statements, nothing has come to their attention that would lead them to believe that a Default or
an Event of Default has occurred and is continuing or, if any such Default or Event of Default has occurred and is continuing, specifying
the nature and period of existence thereof, it being understood that such accountants shall not be liable directly or indirectly to any
Person for any failure to obtain knowledge of any such Default or Event of Default. In the event that such written statement of the Company's
independent public accountants cannot be obtained, the Company shall deliver an Officers' Certificate certifying that it has used its
best efforts to obtain such statements and was unable to do so.

 

(c) The Company shall,
so long as any Securities are outstanding, deliver to the Trustee, forthwith upon any Officer becoming aware of any Default or Event of
Default that is then continuing, an Officers' Certificate specifying such Default or Event of Default and what action the Company is taking
or proposes to take with respect thereto.

 

SECTION 4.04. Corporate Existence.
Subject to Article 5, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect:

 

(a) its corporate, partnership
or other existence, and the corporate, partnership or other existence of each of its Subsidiaries, in accordance with the respective organizational
documents (as the same may be amended from time to time) of the Company or any such Subsidiary; and

 

(b) the rights (charter
and statutory), licenses and franchises of the Company and its Subsidiaries; provided, however, that the Company shall not be required
to preserve any such right, license or franchise, or the corporate, partnership or other existence of any of its Subsidiaries, if the
Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company
and its Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any material respect to the Holders of the Securities.

 

SECTION 4.05. Calculation of Original
Issue Discount. The Company shall file with the Trustee promptly at the end of each calendar year (i) a written notice specifying
the amount of original issue discount (including daily rates and accrual periods) accrued on outstanding Securities as of the end of such
year and (ii) such other specific information relating to such original issue discount as may then be relevant under the Internal
Revenue Code of 1986, as amended from time to time.

 

ARTICLE 5

SUCCESSORS

 

SECTION 5.01. Merger, Consolidation or
Sale of Assets. Unless otherwise provided for in a particular Series by a Board Resolution, a supplemental indenture or an Officers'
Certificate, the Company shall not consolidate with or merge into (whether or not the Company is the surviving entity), or sell, assign,
transfer, lease, convey or otherwise dispose of (collectively, "Transfer") all or substantially all of its properties
or assets to, another Person unless:

 

    16

    

    

 

 

(a) the resulting, surviving
or transferee Person (the "Successor Company") shall be a corporation, limited liability company or limited partnership
organized or existing under the laws of the United States, any state thereof or the District of Columbia;

 

(b) the Person formed
by or surviving any such consolidation or merger (if other than the Company) or the Person to which such Transfer has been made assumes
all the obligations of the Company under the Securities and this Indenture pursuant to a supplemental indenture or amendment, in a form
reasonably satisfactory to the Trustee;

 

(c) immediately after
such transaction, no Default exists; and

 

(d) the Company shall
have delivered to the Trustee an Officers' Certificate and an Opinion of Counsel, each stating that such consolidation, merger or Transfer
and such supplemental indenture or amendment complies with this Indenture, and such Opinion of Counsel shall also state that such supplemental
indenture or amendment has been duly authorized, executed and delivered by such Person and that it is valid and binding upon such Person
in accordance with its terms.

 

The Successor Company shall
succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture (as modified by a Board
Resolution, supplemental indenture or Officers' Certificate), and the predecessor Company, except in the case of a lease of all or substantially
all of its assets, shall be released from the obligation to pay the principal of and interest on the Securities. The foregoing will not
prohibit a consolidation or merger between the Company and a Wholly Owned Subsidiary, the transfer of all or substantially all of the
properties or assets of the Company to a Wholly Owned Subsidiary or the transfer of all or substantially all of the properties or assets
of a Wholly Owned Subsidiary to the Company; provided, that if the Company is not the surviving entity of such transaction or the Person
to which such transfer is made, the surviving entity or the Person to which such transfer is made shall comply with clauses (b) and
(d) of this paragraph.

 

ARTICLE 6 

DEFAULTS AND REMEDIES

 

SECTION 6.01. Events of Default. Unless
otherwise indicated for a particular Series of Securities by a Board Resolution, a supplemental indenture or an Officers' Certificate,
each of the following constitutes an "Event of Default" with respect to each Series of Securities:

 

(a) default for 30 days
in the payment of interest when due with respect to the Securities;

 

(b) default in payment
when due of principal or premium, if any, on the Securities at maturity, upon redemption or otherwise;

 

(c) failure by the Company
for 30 days after receipt of notice (as specified below) to comply with the provisions described under Section 2.04, 4.02, 4.03 or
5.01;

 

(d) failure by the Company
for 60 days after notice (as specified below) to comply with its other agreements in this Indenture or the Securities;

 

(e) the Company or any
Significant Subsidiary pursuant to or within the meaning of any Bankruptcy Law:

 

(i) commences a voluntary
case;

 

(ii) consents to the entry
of an order for relief against it in an involuntary case in which it is the debtor;

 

    	 	17	 

     

    

 

(iii) consents to the appointment
of a custodian of it or for all or substantially all of its property; or

 

(iv) makes a general assignment
for the benefit of its creditors;

 

(f) a court of competent
jurisdiction enters an order or decree under any Bankruptcy Law that:

 

(i) is for relief against
the Company or any Significant Subsidiary in an involuntary case in which it is the debtor;

 

(ii) appoints a custodian
of the Company or any Significant Subsidiary or for all or substantially all of its property; or

 

(iii) orders the liquidation
of the Company or any Significant Subsidiary;

 

and the order or decree contemplated in clause
(i), (ii) or (iii), remains unstayed and in effect for 60 consecutive days;

 

A Default under paragraph
(c) or (d) is not an Event of Default until the Trustee or the Holders of at least 25% in principal amount of the outstanding
Securities notify the Company of the Default and the Company does not cure such Default within the time specified after receipt of such
notice. Such notice must specify the Default, demand that it be remedied and state that such notice is a "Notice of Default".

 

To the extent that the last
day of the period referred to in paragraph (a), (c), (d), (e) or (f) of this Section 6.01 is not a Business Day, then the
first Business Day following such day shall be deemed to be the last day of the period referred to in such clauses. Any "day"
will be deemed to end as of 11:59 p.m., New York City time.

 

SECTION 6.02. Acceleration. If an
Event of Default with respect to any Series of Securities at the time outstanding (other than an Event of Default with respect to
the Company specified in paragraph (e) and (f) of Section 6.01) occurs and is continuing, the Trustee or the Holders of
at least 25% in principal amount of the then outstanding Securities of that Series may declare the unpaid principal of, (or, in the
case of Original Issue Discount Securities of that Series, the portion thereby specified in the terms of such Security) premium, if any,
and accrued and unpaid interest on all the Securities of that Series to be due and payable by notice in writing to the Company (and
the Trustee, if given by the Holders) specifying the respective Event of Default and that it is a "notice of acceleration."
Upon such a declaration, such amounts shall be due and payable immediately. If an Event of Default with respect to the Company specified
in paragraph (e) or (f) of Section 6.01 occurs, the principal amount of (or, in the case of Original Issue Discount Securities
of that Series, the portion thereby specified in the terms of such Security), premium, if any, and accrued and unpaid interest on all
the Securities of each Series of Security shall ipso facto become and be immediately due and payable without any declaration or other
act on the part of the Trustee or any Holder. The Holders of a majority in principal amount of the then outstanding Securities of any
Series of Securities by written notice to the Trustee may rescind an acceleration and its consequences if the rescission would not
conflict with any judgment or decree and if all existing Events of Default have been cured or waived with respect to such Series of
Securities (except nonpayment of the principal amount of (or, in the case of Original Issue Discount Securities of that Series, the portion
thereby specified in the terms of such Security), premium, if any, and accrued and unpaid interest on all the Securities of that Series that
has become due solely because of the acceleration).

 

SECTION 6.03. Other Remedies. If an
Event of Default with respect to any Series of Securities occurs and is continuing, the Trustee may pursue any available remedy to
collect the payment of the principal amount of (or, in the case of Original Issue Discount Securities of that Series, the portion thereby
specified in the terms of such Security), premium, if any, and accrued and unpaid interest on all the Securities of that Series or
to enforce the performance of any provision of the Securities of that Series or this Indenture.

 

The Trustee may maintain a
proceeding even if it does not possess any of the Securities of a Series or does not produce any of them in the proceeding. A delay
or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default with respect to any Series of
Securities shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are cumulative
to the extent permitted by law.

 

    	 	18	 

     

    

 

SECTION 6.04. Waiver of Past Defaults.
Holders of at least a majority in principal amount of the Securities of any Series (including consents obtained in connection with
a tender offer or exchange for Securities) by notice to the Trustee may on behalf of the Holders of all of Securities of that Series waive
an existing Default or Event of Default and its consequences hereunder, except a continuing Default or Event of Default (i) in the
payment of the principal amount of (or, in the case of Original Issue Discount Securities of that Series, the portion thereby specified
in the terms of such Security), premium, if any, and accrued and unpaid interest on all the Securities of that Series, or (ii) in
respect of a covenant or provision which under this Indenture cannot be modified or amended without the consent of each Holder affected
by such modification or amendment. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom
shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default
or impair any right consequent thereon. The Company shall deliver to the Trustee an Officers’ Certificate stating that the requisite
percentage of Holders has consents to such waiver and shall attach copies of such consents.

 

SECTION 6.05. Control By Majority.
Holders of a majority in principal amount of the then outstanding Securities of any Series may direct the time, method and place
of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it with
respect to that Series. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or, that the
Trustee determines may be prejudicial to the rights of any other Holder of Securities of that Series (provided, that the Trustee
shall not have an affirmative duty to determine whether any such direction is prejudicial to the rights of any Holder) or that may involve
the Trustee in personal liability.

 

SECTION 6.06. Limitation on Suits. Except to enforce the
right to receive payment of the principal amount of (or, in the case of Original Issue Discount Securities, the portion thereby specified
in the terms of such Security), premium, if any, and accrued and unpaid interest on a Security of Series when due, no Holder of a
Security of that Series may pursue any remedy with respect to this Indenture or the Securities of that Series unless:

 

(a) the Holder previously
gave to the Trustee written notice of a continuing Event of Default;

 

(b) the Holders of at
least 25% in aggregate principal amount of the then outstanding Securities of that Series have made a written request to the Trustee
to pursue the remedy;

 

(c) such Holder or Holders
of that Series has offered and provided to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense;

 

(d) the Trustee has not
complied with the request within 60 days after receipt of the request and the offer and, if requested, the provision of indemnity; and

 

(e) during such 60-day
period the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series have not given the Trustee
a direction inconsistent with the request.

 

A Holder of Securities of
any Series may not use this Indenture to prejudice the rights of another Holder of that Series or to obtain a preference or
priority over another Holder of that Series.

 

SECTION 6.07. Rights of Holders to Receive
Payment. Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of the principal amount
of (or, in the case of Original Issue Discount Securities, the portion thereby specified in the terms of such Security), premium, if any,
and accrued and unpaid interest on the Securities held by such Holder, on or after their Maturity, or to bring suit for the enforcement
of any such payment on or after their Maturity, shall not be impaired or affected without the consent of such Holder.

 

SECTION 6.08. Collection Suit by Trustee.
If an Event of Default specified in Section 6.01(a) or (b) occurs and is continuing, the Trustee is authorized to recover
judgment in its own name and as trustee of an express trust against the Company or any other obligor under the Securities for the whole
amount then due and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of
collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.

 

    	 	19	 

     

    

 

SECTION 6.09. Trustee May File Proofs
of Claim. The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in
order to have the claims of the Trustee (including without limitation any claim for the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel) and the Holders allowed in any judicial proceedings relative to the Company (or any
other obligor under the Securities), its creditors or its property and shall be entitled and empowered to collect, receive and distribute
any money or other property payable or deliverable on any such claims and any custodian in any such judicial proceeding is hereby authorized
by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly
to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07. To the extent that the payment of any
such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee
under Section 7.07 hereof out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be
secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the
Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise.

 

SECTION 6.10. Priorities. If the Trustee
or any Agent collects any money or property pursuant to this Article 6 with respect to any Series of Securities, it shall pay
out the money or property in the following order:

 

First: to the Trustee,
such Agent, their agents and attorneys for amounts due under Section 7.07; Second: to the payment of all Senior Indebtedness if and
to the extent required by Article 10 of this Indenture or other subordination provisions applicable with respect to a Series of
Securities; Third: to Holders for amounts due and unpaid on the Securities of that Series for the principal amount of (or, in the
case of Original Issue Discount Securities of that Series, the portion thereby specified in the terms of such Security), premium, if any,
and accrued and unpaid interest, ratably, without preference or priority of any kind, according to the amounts due and payable on the
Securities of that Series for the principal amount of (or, in the case of Original Issue Discount Securities of that Series, the
portion thereby specified in the terms of such Security), premium, if any, and accrued and unpaid interest, respectively; and Fourth:
to the Company or to such party as a court of competent jurisdiction shall direct.

 

The Trustee may fix a record
date and payment date for any payment to Holders pursuant to this Section 6.10.

 

SECTION 6.11. Undertaking For Costs.
In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or
omitted by it as a Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay
the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys' fees and expenses,
against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant.
This Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07, or a suit by Holders
of more than 10% in principal amount of the then outstanding Securities of any Series.

 

ARTICLE 7

TRUSTEE

 

SECTION 7.01. Duties of Trustee.

 

(a) If an Event of Default
of which a Responsible Officer of the Trustee has actual knowledge has occurred and is continuing with respect to any Series of Securities,
the Trustee shall exercise such of the rights and powers vested in it by this Indenture and use the same degree of care and skill in its
exercise as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs.

 

    	 	20	 

     

    

 

(b) Except during the
continuance of an Event of Default with respect to any Series of Securities of which a Responsible Officer of the Trustee has actual
knowledge or of which written notice shall have been given to the Trustee in accordance with the terms of this Indenture:

 

(i) the duties of the Trustee
shall be determined solely by the express provisions of this Indenture, with respect to the Securities of that Series, as modified or
supplemented by a Board Resolution, a supplemental indenture or an Officers' Certificate, and the Trustee need perform only those duties
that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture
against the Trustee; and

 

(ii) in the absence of
bad faith on its part, the Trustee may with respect to Securities of that Series, conclusively rely, as to the truth of the statements
and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements
of this Indenture. However, with respect to certificates or opinions specifically required by any provision hereof to be furnished to
it, the Trustee shall examine the certificates and opinions to determine whether or not they conform on their face to the requirements
of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein).

 

(c) The Trustee may not
be relieved from liabilities for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that:

 

(i) this paragraph does
not limit the effect of paragraph (b) of this Section 7.01;

 

(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; and

 

(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 6.05 and the Trustee shall be entitled from time to time to request such direction.

 

(d) Whether or not therein
expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b) and
(c) of this Section 7.01.

 

(e) Notwithstanding anything
to the contrary in this Indenture, no provision of this Indenture shall require the Trustee to expend or risk its own funds or incur any
liability. The Trustee shall be under no obligation to exercise any of its rights and powers under this Indenture at the request of any
Holders, unless such Holder shall have offered to the Trustee security and indemnity satisfactory to it against any loss, liability or
expense.

 

(f) The Trustee shall
not be liable for interest on any money received by it except as the Trustee may agree in writing with the Company. Money held in trust
by the Trustee need not be segregated from other funds except to the extent required by law.

 

(g) The Trustee shall
not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion,
report, notice, request, direction, consent or other paper or documents.

 

SECTION 7.02. Rights of Trustee.

 

(a) The Trustee may conclusively
rely on the truth of the statements and correctness of the opinions contained in, and shall be protected from acting or refraining from
acting upon, any document. The Trustee need not investigate any fact or matter stated in the document, but the Trustee, in its discretion,
may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make
such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by
agent or attorney, to the extent reasonably required by such inquiry or investigation at the sole cost of the Company and shall incur
no liability or additional liability of any kind by reason of such inquiry or investigation.

 

    	 	21	 

     

    

 

(b) Before the Trustee
acts or refrains from acting, it may require an Officers' Certificate or an Opinion of Counsel or both. 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. Prior to taking,
suffering or admitting any action, the Trustee may consult with counsel of the Trustee's own choosing and the advice of such counsel or
any Opinion of Counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered
or omitted by it hereunder in good faith and in reliance thereon.

 

(c) The Trustee may act
through its attorneys and agents and shall not be responsible for the misconduct, negligence or failure to act of any attorney or agent
appointed with due care.

 

(d) The Trustee shall
not be liable for any action it takes or omits to take in good faith that it believes to be authorized or within its rights or powers.

 

(e) Unless otherwise
specifically provided in this Indenture, any demand, request, direction or notice from the Company shall be sufficient if signed by an
Officer of the Company.

 

(f) 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 unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses
and liabilities that might be incurred by it in compliance with such request or direction. In no event shall the Trustee be liable or
responsible for special, punitive, indirect, consequential or incidental loss or damage of any kind whatsoever (including but not limited
to lost profits) for any action it takes or omits to take, even if the Trustee has been advised of the likelihood of such loss or damage
and regardless of the form of action.

 

(g) The Trustee shall
not be deemed to have notice of any Default or Event of Default with respect to Securities of any Series unless a Responsible Officer
of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a Default or Event of Default
is received by a Responsible Officer of the Trustee at the Corporate Trust Office of the Trustee from the Issuer or the Holders of 25%
in aggregate principal amount of the outstanding Securities of all series affected thereby, and such notice references the specific Default
or Event of Default, the Notes of such series and this Indenture

 

(h) 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 as Registrar and Paying Agent, and each Agent and other Person
employed to act hereunder.

 

(i) The Trustee may request
that the Company deliver an Officers’ Certificate setting forth the names of individuals and/or titles of Officers authorized at
such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any Person authorized
to sign an Officers’ Certificate, including any Person specified as so authorized in any such certificate previously delivered and
not superseded.

 

(j) Notwithstanding any
provision herein to the contrary, in no event shall the Trustee be liable for any failure or delay in the performance of its obligations
under this Indenture because of circumstances beyond its control, including, but not limited to, nuclear or natural catastrophes or acts
of God, flood, war (whether declared or undeclared), terrorism, fire, riot, strikes or work stoppages for any reason, embargo, government
action, including any laws, ordinances, regulations or the like which restrict or prohibit the providing of the services contemplated
by this Indenture, inability to obtain material, equipment, or communications or computer (software and hardware) facilities, or the failure
of equipment or interruption of utilities, communications or computer (software and hardware) facilities, and other causes beyond its
control whether or not of the same class or kind as specifically named above.

 

(k) If at any time Trustee
is served with any judicial or administrative order, judgment, decree, writ or other form of judicial or administrative process which
in any way affects any property held by it hereunder (including, but not limited to, orders of attachment or garnishment or other forms
of levies or injunctions or stays relating to the transfer of any property), Trustee is authorized to comply therewith in any manner as
it or its legal counsel of its own choosing deems appropriate in good faith; and if Trustee complies with any such judicial or administrative
order, judgment, decree, writ or other form of judicial or administrative process, Trustee shall not be liable to any of the parties hereto
or to any other person or entity even though such order, judgment, decree, writ or process may be subsequently modified or vacated or
otherwise determined to have been without legal force or effect.

 

    	 	22	 

     

    

 

(l) The Trustee shall not be required to give
any bond or surety in respect of the performance of its powers and duties hereunder.

 

(m) The
permissive rights of the Trustee shall not be construed as duties.

 

SECTION 7.03. Individual Rights of Trustee.
The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company
or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires
any conflicting interest it must eliminate such conflict within 90 days, apply to the Commission for permission to continue as Trustee
or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11.

 

SECTION 7.04. Trustee's Disclaimer.
The Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture or the Securities,
it shall not be accountable for the Company's use of the proceeds from the Securities or any money paid to the Company or upon the Company's
direction under any provision of this Indenture, it shall not be responsible for the use or application of any money received by any Paying
Agent other than the Trustee, and it shall not be responsible for any statement or recital herein or any statement in the Securities or
any other document in connection with the sale of the Securities or pursuant to this Indenture other than its certificate of authentication.

 

SECTION 7.05. Notice of Defaults.
If a Default or Event of Default with respect to Securities of any Series occurs and is continuing and if it is known to the Trustee,
the Trustee shall send to Holders of that Series a notice of the Default or Event of Default within the later of 90 days after it
occurs or a Responsible Officer of the Trustee obtains actual knowledge of such Default or Event of Default. Except in the case of a Default
or Event of Default in payment on any Security pursuant to Section 6.01(a) or (b), the Trustee may withhold the notice if and
so long as a Responsible Officer in good faith determines that withholding the notice is in the interests of the Holders.

 

SECTION 7.06. Reports By Trustee to Holders.
Unless otherwise specified in the applicable Board Resolution, supplemental indenture or Officers' Certificate, within 60 days after each
[ ] beginning with the [ ] following the date of this Indenture, and for so long as Securities remain outstanding, the Trustee shall send
to the Holders of the Securities a brief report dated as of such reporting date that complies with TIA Section 313(a) (but if
no event described in TIA Section 313(a) has occurred within the twelve months preceding the reporting date, no report need
be transmitted). The Trustee also shall comply with TIA Section 313(b)(2). The Trustee shall also send all reports as required by
TIA Section 313(c).

 

A copy of each report at the
time it is sent to the Holders shall be sent to the Company and filed with the Commission and each stock exchange on which the Company
has informed the Trustee in writing the Securities are listed in accordance with TIA Section 313(d). The Company shall promptly notify
the Trustee in writing when the Securities are listed on any stock exchange and of any delisting thereof.

 

SECTION 7.07. Compensation and Indemnity.
The Company shall pay to the Trustee from time to time reasonable compensation, as may be agreed by the Company and the Trustee in writing,
for its acceptance of this Indenture and services hereunder. To the extent lawful, the Trustee's compensation shall not be limited by
any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable
disbursements, advances and expenses incurred or made by it in addition to the compensation for its services. Such expenses shall include
the reasonable compensation, disbursements and expenses of the Trustee's agents and counsel.

 

The Company shall indemnify
the Trustee and hold it harmless against any and all losses, liabilities or expenses incurred by it arising out of or in connection with
the acceptance or administration of its duties under this Indenture, including the reasonable costs and expenses of enforcing this Indenture
against the Company or any other obligors under the Securities (including this Section 7.07) and defending itself against any claim
(whether asserted by the Company or any Holder or any other person) or liability in connection with the exercise or performance of any
of its powers or duties hereunder except to the extent any such loss, liability or expense may be attributable to its gross negligence
or willful misconduct. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee
to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee
shall cooperate in the defense. The Trustee may have separate counsel and the Company shall pay the reasonable fees and expenses of such
counsel. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.

 

    	 	23	 

     

    

 

The obligations of the Company
under this Section 7.07 constitute additional Indebtedness hereunder and shall survive the satisfaction and discharge of this Indenture,
including without limitation any termination or rejection hereof under any Bankruptcy Law. The obligations of the Company under this Section 7.07
shall not be subordinated to the payment of Senior Indebtedness.

 

To secure the Company's payment
obligations in this Section 7.07, the Trustee shall have a lien prior to the Securities on all money or property held or collected
by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Securities. Such lien shall survive
the satisfaction and discharge of this Indenture and the resignation or removal of the Trustee. The Trustee's right to receive payment
of any amounts due under this Section 7.07 shall not be subordinate to any other Company Indebtedness.

 

When the Trustee incurs expenses
or renders services after an Event of Default specified in Section 6.01(e) or (f) occurs, the expenses and the compensation
for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under
any Bankruptcy Law.

 

The Trustee shall comply with
the provisions of TIA Section 313(b)(2) to the extent applicable.

 

SECTION 7.08. Replacement of Trustee.
A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee's
acceptance of appointment as provided in this Section 7.08.

 

The Trustee may resign in
writing at any time and be discharged from the trust hereby created with respect to the Securities of any Series by so notifying
the Company. The Holders of a majority in principal amount of the then outstanding Securities of any Series may remove the Trustee
with respect to such Series of Securities by so notifying the Trustee and the Company in writing. The Company may remove the Trustee
if:

 

(a) the Trustee fails
to comply with Section 7.10;

 

(b) the Trustee is adjudged
a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy Law;

 

(c) a Custodian or public
officer takes charge of the Trustee or its property; or

 

(d) the Trustee becomes
incapable of acting.

 

If the Trustee resigns, is
removed by the Company or by the Holders of a majority in principal amount of the Securities of any Series and such Holders do not
reasonably promptly appoint a successor Trustee or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event
being referred to herein as the retiring Trustee), the Company shall promptly appoint a successor Trustee with respect to the Securities
of such Series.

 

If a successor Trustee does
not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company, or the Holders of
at least 10% in principal amount of Securities of that Series may petition any court of competent jurisdiction at the expense of
the Company for the appointment of a successor Trustee.

 

    	 	24	 

     

    

 

If the Trustee, after written
request by any Holder of a Security who has been a Holder of a Security for at least six months, fails to comply with Section 7.10,
such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee.

 

The 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. The successor Trustee shall send a notice of its succession to the Holders. The retiring Trustee shall promptly transfer all
property held by it as Trustee to the successor Trustee, provided that all sums owing to the Trustee hereunder have been paid and subject
to the lien provided for in Section 7.07. Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Company's
obligations under Section 7.07 shall continue for the benefit of the retiring Trustee.

 

SECTION 7.09. Successor Trustee by Merger,
Etc. If the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business to,
another corporation, the successor corporation without any further act shall be the successor Trustee; provided, such corporation or association
shall be otherwise eligible and qualified under this Article 7 and shall notify the Company of its successor hereunder.

 

SECTION 7.10. Eligibility; Disqualification.
There shall at all times be a Trustee hereunder that is a corporation organized and doing business under the laws of the United States
of America or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision
or examination by federal or state authorities and has a combined capital and surplus of at least $50.0 million as set forth in its most
recent published annual report of condition.

 

This Indenture shall always
have a Trustee who satisfies the requirements of TIA Section 310(a)(1), (2) and (5). The Trustee is subject to TIA Section 310(b).

 

SECTION 7.11. Preferential
Collection of Claims Against the Company. The Trustee is subject to TIA Section 311(a), excluding any creditor relationship listed
in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent
indicated therein.

 

ARTICLE 8

DISCHARGE; LEGAL DEFEASANCE AND COVENANT DEFEASANCE

 

SECTION 8.01. Discharge; Option to Effect
Legal Defeasance or Covenant Defeasance.

 

(a) When (i) the
Company has delivered to the Trustee all outstanding Securities of a Series (other than Securities replaced pursuant to Section 2.08)
for cancellation or (ii) all Securities of a Series that have not been delivered to the Trustee for cancellation (1) have
become due and payable by reason of the sending of a notice of redemption or otherwise, (2) will become due and payable at their
Stated Maturity within one year or (3) are to be called for redemption within 12 months under arrangements reasonably satisfactory
to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the reasonable expense of the Company, and, in
case of (1), (2) and (3) above, the Company has irrevocably deposited with the Trustee in cash in United States dollars in trust
for such purpose funds sufficient to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee
for cancellation, for principal (and premium, if any) and interest to the date of such deposit (in the case of Securities which have become
due and payalbe0 or to the Stated Maturity or Redemption Date, as the case may be, together with instructions from the Issuer irrevocably
directing the Trustee to apply such funds to the payment thereof at maturity or redemption, as the case may be; and if in either the case
of (i) or (ii), (A) the Company pays all other sums payable hereunder by the Company, and (B) the Company has delivered
an Officers’ Certificate and an Opinion of Counsel to the Trustee stating that all conditions precedent herein provided for relating
to the satisfaction and discharge of this Indenture with respect to such Securities have been complied with, then this Indenture shall
cease to be of further effect with respect to the Securities of such Series except as set out in Section 8.01(b). The Trustee
shall acknowledge satisfaction and discharge of this Indenture with respect to such Securities upon the written request and at the cost
and expense of the Company.

 

    	 	25	 

     

    

 

(b) Notwithstanding Section 8.01(a),
the Company's obligations in Sections 2.03, 2.04, 2.05, 2.06, 2.07, 2.08 and 2.11 and the rights, powers, trusts, duties and immunities
of the Trustee, including without limitation, under Sections 7.07, 8.05 and 8.07, and the Company's obligations in connection therewith,
shall survive until the Securities of a Series have been paid in full. The rights of outstanding Securities to receive solely from
the trust funds described in Section 8.05 payments in respect of principal of, premium, if any, and interest on such Securities when
such payments are due shall also survive until the Securities have been paid in full. Thereafter, the Company's obligations in Sections
7.07 and 8.06 shall survive.

 

(c) The Company may,
at the option of its Board of Directors evidenced by a Board Resolution set forth in an Officers' Certificate, at any time, elect to have
all of its obligations discharged with respect to all outstanding Securities of any Series pursuant to Section 8.02 or 8.03
and upon compliance with the conditions set forth below in this Article 8.

 

SECTION 8.02. Legal Defeasance and Discharge.
Upon the Company's exercise under Section 8.01(c) of the option applicable to this Section 8.02, the Company shall, subject
to the satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its obligations with respect
to all outstanding Securities of that Series on the date the conditions set forth below are satisfied (hereinafter, "Legal
Defeasance"). For this purpose, Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire
Indebtedness represented by the outstanding Securities of that Series, which shall thereafter be deemed to be "outstanding"
only for the purposes of Section 8.05 and the other Sections of this Indenture referred to in (a) and (b) below, and to
have satisfied all its other obligations under such Securities and this Indenture (and the Trustee, upon the written request and at the
expense of the Company, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive
until otherwise terminated or discharged hereunder:

 

(a) the rights of Holders
of outstanding Securities of that Series to receive solely from the trust fund described in Section 8.04(a), payments in respect
of the principal of, premium, if any, and interest on such Securities of that Series when such payments are due;

 

(b) the Company's obligations
with respect to such Securities of that Series under Sections 2.03, 2.04, 2.05, 2.06, 2.07, 2.08 and 2.11;

 

(c) the rights, powers,
trusts, duties and immunities of the Trustee, including without limitation, under Sections 7.07, 8.05 and 8.07, and the Company's obligations
in connection therewith; and

 

(d) the provisions of
this Article 8.

 

Subject to compliance with
this Article 8, the Company may exercise its option under this Section 8.02 notwithstanding the prior exercise of its option
under Section 8.03.

 

SECTION 8.03. Covenant Defeasance.
Upon the Company's exercise under Section 8.01(c) of the option applicable to this Section 8.03 with respect to the Securities
of a Series, the Company shall, subject to the satisfaction of the conditions set forth in Section 8.04, be released from its obligations
under the covenants contained in a Board Resolution, a supplemental indenture or an Officers' Certificate and Section 5.01 with respect
to the outstanding Securities of that Series on and after the date the conditions set forth below are satisfied (hereinafter, "Covenant
Defeasance"), and the Securities of that Series shall thereafter be deemed not "outstanding" for the purposes
of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants,
but shall continue to be deemed "outstanding" for all other purposes hereunder (it being understood that such Securities shall
not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding
Securities of that Series, the Company and its Subsidiaries may omit to comply with and shall have no liability in respect of any term,
condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to
any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission
to comply shall not constitute a Default or an Event of Default under Section 6.01, but, except as specified above, the remainder
of this Indenture and such Securities shall be unaffected thereby. In addition, upon the Company's exercise under Section 8.01(c) of
the option applicable to this Section 8.03, subject to the satisfaction of the conditions set forth in Section 8.04, any event
specified in Section 6.01 (other than Section 6.01(e) and (f)) shall not constitute an Event of Default.

 

    	 	26	 

     

    

 

SECTION 8.04. Conditions to Legal or Covenant
Defeasance. The following shall be the conditions to the application of either Section 8.02 or 8.03 to the outstanding Securities:

 

In order to exercise either
Legal Defeasance or Covenant Defeasance with respect to any Series of Securities:

 

(a) the Company must
irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of that Series of Securities, (i) cash in United
States dollars, (ii) non-callable Government Securities or (iii) a combination thereof, in such amounts as shall be sufficient,
in the opinion of a nationally recognized firm of independent public accountants to pay the principal of, premium, if any, and interest
on the outstanding Securities of such Series on the stated maturity or on the applicable redemption date, as the case may be, and
the Company must specify whether the Securities of such Series are being defeased to maturity or to a particular redemption date;

 

(b) in the case of an
election under Section 8.02, the Company shall have delivered to the Trustee an Opinion of Counsel in the United States reasonably
acceptable to the Trustee confirming that (i) the Company has received from, or there has been published by, the Internal Revenue
Service a ruling or (ii) since the date hereof, there has been a change in the applicable federal income tax law, in either case
to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the outstanding Securities of such Series shall
not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and shall be subject to federal
income tax on the same amounts, in the same manner and at the same time as would have been the case if such Legal Defeasance had not occurred;

 

(c) in the case of an
election under Section 8.03, the Company shall have delivered to the Trustee an Opinion of Counsel in the United States reasonably
acceptable to the Trustee confirming that the Holders of the outstanding Securities of such Series shall not recognize income, gain
or loss for federal income tax purposes as a result of such Covenant Defeasance and shall be subject to federal income tax on the same
amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred;

 

(d) no Default or Event
of Default with respect to that Series of Securities shall have occurred and be continuing on the date of such deposit (other than
a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit) or insofar as Sections 6.01(e) and
(f) are concerned, at any time in the period ending on the 91st day after the date of deposit (it being understood that this condition
shall not be deemed satisfied until the expiration of such period);

 

(e) such Legal Defeasance
or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under any material agreement or instrument
(other than this Indenture) to which the Company is a party or by which the Company is bound;

 

(f) the Company shall
have delivered to the Trustee an Opinion of Counsel to the effect that after the 91st day following the deposit, the trust funds will
not be subject to the effect of any applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights generally;

 

(g) the Company shall
have delivered to the Trustee an Officers' Certificate stating that the deposit was not made by the Company with the intent of preferring
the Holders over the other creditors of the Company with the intent of defeating, hindering, delaying or defrauding any other creditors
of the Company or others; and

 

(h) the Company shall
have delivered to the Trustee an Officers' Certificate and an Opinion of Counsel, each stating that all conditions precedent provided
for relating to the Legal Defeasance or the Covenant Defeasance have been complied with.

 

SECTION 8.05. Deposited Money and Government
Securities to be Held in Trust; Other Miscellaneous Provisions. Subject to Section 8.06, all money and non-callable Government
Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this
Section 8.05, the "Trustee") pursuant to Section 8.04 in respect of the outstanding Securities of that Series shall
be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment,
either directly or through any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders
of such Securities of all sums due and to become due thereon in respect of principal, premium, if any, and interest but such money need
not be segregated from other funds except to the extent required by law.

 

    	 	27	 

     

    

 

The Company shall pay and
indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable Government Securities
deposited pursuant to Section 8.04 or the principal and interest received in respect thereof other than any such tax, fee or other
charge which by law is for the account of the Holders of the outstanding Securities of that Series.

 

Anything in this Article 8
to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon the written request of the Company,
and be relieved of all liability with respect to, any money or non-callable Government Securities held by it as provided in Section 8.04
which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered
to the Trustee (which may be the opinion delivered under Section 8.04(a)), are in excess of the amount thereof that would then be
required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance.

 

SECTION 8.06. Repayment to the Company.
Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium,
if any, and interest on any Security and remaining unclaimed for one year after such principal, and premium, if any, or interest, has
become due and payable shall be paid to the Company on its written request or (if then held by the Company) shall be discharged from such
trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof,
and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof,
shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may
at the expense of the Company cause to be published once, in the New York Times and The Wall Street Journal (national edition), notice
that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such
notification or publication, any unclaimed balance of such money then remaining shall be repaid to the Company.

 

SECTION 8.07. Reinstatement. If the
Trustee or Paying Agent is unable to apply any United States dollars or non-callable Government Securities in accordance with Section 8.02
or 8.03, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise
prohibiting such application, then the obligations of the Company under this Indenture, and the Securities shall be revived and reinstated
as though no deposit had occurred pursuant to Section 8.02 or 8.03 until such time as the Trustee or Paying Agent is permitted to
apply all such money in accordance with Section 8.02 or 8.03, as the case may be; provided, however, that, if the Company makes any
payment of principal of, premium, if any, or interest on any Security following the reinstatement of its obligations, the Company shall
be subrogated to the rights of the Holders of such Securities to receive such payment from the money held by the Trustee or Paying Agent.

 

ARTICLE 9 

AMENDMENT, SUPPLEMENT AND WAIVER

 

SECTION 9.01. Without Consent of Holders.
Without the consent of any Holder, the Company and the Trustee may amend or supplement this Indenture or the Securities:

 

(a) to evidence the succession
of another Person to the Company pursuant to Article 5 and the assumption by such successor of the Company's covenants, agreements
and obligations in this Indenture and in the Securities;

 

(b) to surrender any
right or power conferred upon the Company by this Indenture, to add to the covenants of the Company such further covenants, restrictions,
conditions or provisions for the protection of the Holders of all or any Series of Securities as the Board of Directors of the Company
shall consider to be for the protection of the Holders of such Securities, and to make the occurrence, or the occurrence and continuance,
of a default in respect of any such additional covenants, restrictions, conditions or provisions a Default or an Event of Default under
this Indenture; provided, however, that with respect to any such additional covenant, restriction, condition or provision, such amendment
may provide for a period of grace after default, which may be shorter or longer than that allowed in the case of other Defaults, may provide
for an immediate enforcement upon such Default, may limit the remedies available to the Trustee upon such Default or may limit the right
of Holders of a majority in aggregate principal amount of the Securities of any Series to waive such default;

 

    	 	28	 

     

    

 

(c) to cure any ambiguity
or correct or supplement any provision contained in this Indenture, in any supplemental indenture or in any Securities that may be defective
or inconsistent with any other provision contained therein;

 

(d) to convey, transfer,
assign, mortgage or pledge any property to or with the Trustee, or to make such other provisions in regard to matters or questions arising
under this Indenture as shall not adversely affect the interests of any Holders of Securities of any Series;

 

(e) to modify or amend
this Indenture in such a manner as to permit the qualification of this Indenture or any supplemental indenture hereto under the TIA as
then in effect;

 

(f) to change or eliminate
any restrictions on the payment of principal or premium with respect to Securities in registered form, so as to not adversely affect the
interests of the Holders or any coupons of any Series in any material respect or permit or facilitate the issuance of Securities
of any Series in uncertificated form;

 

(g) in the case of subordinated
Securities, to make any change in the provisions of this Indenture or any supplemental indenture relating to subordination that would
limit or terminate the benefits available to any holder of Senior Indebtedness (as defined in the applicable Board Resolution, supplemental
indenture hereto or Officers’ Certificate related to such Series of Subordinated Securities) under such provisions (but only
if each such holder of Senior Indebtedness under such provisions consents to such change);

 

(h) to add guarantees
with respect to the Securities or to secure the Securities;

 

(i) to make any change
that does not adversely affect the rights of any Holder;

 

(j) to add to, change
or eliminate any of the provisions of this Indenture with respect to one or more Series of Securities, so long as any such addition,
change or elimination not otherwise permitted under this Indenture shall (x) neither apply to any Security of any Series created
prior to the execution of such supplemental indenture and entitled to the benefit of such provision nor modify the rights of the Holders
of any such Security with respect to the benefit of such provision or (y) become effective only when there is no such Security outstanding;

 

(k) to conform the text
of this Indenture to any provision of this description of debt securities or any description of debt securities contained in the prospectus
supplement to the extent that such provision was intended to be a verbatim recitation of the Indenture;

 

(l) to evidence and provide
for the acceptance of appointment by a successor or separate Trustee with respect to the Securities of one or more Series and to
add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of this
Indenture by more than one Trustee; or

 

(m) to establish the
form or terms of Securities and coupons of any Series pursuant to Article 2.

 

Upon the request of the Company
accompanied by Board Resolution authorizing the execution of any such amended or supplemental Indenture, and upon receipt by the Trustee
of the documents described in Section 9.06, the Trustee shall join with the Company in the execution of any amended or supplemental
Indenture authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that
may be therein contained, but the Trustee shall not be obligated to enter into such amended or supplemental Indenture that affects its
own rights, duties or immunities under this Indenture or otherwise.

 

    	 	29	 

     

    

  

SECTION 9.02. With Consent of Holders
of Securities. The Company and the Trustee may amend or supplement this Indenture or the Securities of any Series with the consent
of the Holders of at least a majority in principal amount of the Securities of such Series then outstanding voting as a single class
(including consents obtained in connection with a tender offer or exchange offer for Securities), and, subject to Sections 6.02, 6.04
and 6.07, any existing Default or Event of Default (other than a Default or Event of Default in the payment of the principal of, premium,
if any, or interest on the Securities (except a payment default resulting from an acceleration that has been rescinded)) or compliance
with any provision of this Indenture or the Securities of any Series may be waived with the consent of the Holders of a majority
in principal amount of the then outstanding Securities of such Series voting as a single class (including consents obtained in connection
with or a tender offer or exchange offer for the Securities).

 

Upon the request of the Company
accompanied by a Board Resolution authorizing the execution of any such amended or supplemental indenture, and upon the filing with the
Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Securities as aforesaid, and upon receipt by the Trustee
of the documents described in Section 9.06, the Trustee shall join with the Company in the execution of such amended or supplemental
Indenture unless such amended or supplemental indenture affects the Trustee's own rights, duties or immunities under this Indenture or
otherwise, in which case the Trustee may, but shall not be obligated to, enter into such amended or supplemental indenture.

 

It shall not be necessary
for the consent of the Holders of Securities under this Section 9.02 to approve the particular form of any proposed amendment or
waiver, but it shall be sufficient if such consent approves the substance thereof.

 

After an amendment, supplement
or waiver under this Section 9.02 becomes effective, the Company shall mail to the Holders of Securities affected thereby a notice
briefly describing the amendment, supplement or waiver. Any failure of the Company to mail such notice, or any defect therein, shall not,
however, in any way impair or affect the validity of any such amended or supplemental Indenture or waiver. However, without the consent
of the Holders of all of the affected Securities, an amendment, supplement or waiver may not (with respect to any Security of any Series held
by a non-consenting Holder):

 

(a) reduce the principal
amount of Securities whose Holders must consent to an amendment, supplement or waiver;

 

(b) reduce the principal
amount of or extend the Stated Maturity of any Security, or alter the provisions with respect to the redemption of the Securities;

 

(c) reduce the rate of
or extend the time for payment of interest on any Securities;

 

(d) waive a Default or
Event of Default in the payment of principal of or premium, if any, or interest on the Securities (except a rescission of acceleration
of the Securities by the Holders of at least a majority in aggregate principal amount of the Securities then outstanding and a waiver
of the payment default that resulted from such acceleration);

 

(e) make any Security
payable in money other than that stated in the Securities;

 

(f) make any change in
Section 6.04 or 6.07;

 

(g) waive a redemption
payment with respect to any Security; or

 

(h) make any change in
the foregoing amendment and waiver provisions of this Article 9.

 

Notwithstanding the foregoing, any amendment to
the provisions of Article 10 of this Indenture with respect to any Series of Securities shall require the consent of the Holders
of at least 75% in aggregate amount of Securities of such Series then outstanding (including consents obtained in connection with
a tender offer or exchange for such Securities, if such amendment would adversely affect the rights of the Holders of the Securities of
such Series).

 

    	 	30	 

     

    

  

SECTION 9.03. Compliance with Trust Indenture
Act. Every amendment or supplement to this Indenture or the Securities shall comply with the TIA as then in effect.

 

SECTION 9.04. Revocation and Effect of
Consents and Waivers. A consent to an amendment or a waiver by a Holder of a Security shall bind the Holder and every subsequent Holder
of that Security or portion of the Security that evidences the same debt as the consenting Holder's Security, even if notation of the
consent or waiver is not made on the Security. However, any such Holder or subsequent Holder may revoke the consent or waiver as to such
Holder's Security or portion of the Security if the Trustee receives the notice of revocation before the date the amendment or waiver
becomes effective. After an amendment or waiver becomes effective, it shall bind every Holder. An amendment or waiver becomes effective
once both (i) the requisite number of consents have been received by the Company or the Trustee and (ii) such amendment or waiver
has been executed by the Company and the Trustee.

 

The Company may, but shall
not be obligated to, fix a record date for the purpose of determining the Holders entitled to give their consent or take any other action
described above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding the immediately
preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, shall
be entitled to give such consent or to revoke any consent previously given or to take any such action, whether or not such Persons continue
to be Holders after such record date. No such consent shall be valid or effective for more than 120 days after such record date.

 

SECTION 9.05. Notation on or Exchange
of Securities. The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Security thereafter authenticated.
The Company in exchange for all Securities may issue and the Trustee upon receipt of a Company Order shall authenticate new Securities
that reflect the amendment, supplement or waiver.

 

Failure to make the appropriate
notation or issue a new Security shall not affect the validity and effect of such amendment, supplement or waiver.

 

SECTION 9.06. Trustee to Sign Amendments,
Etc. The Trustee shall sign any amended or supplemental Indenture authorized pursuant to this Article 9 if the amendment or supplement
does not adversely affect the rights, duties, liabilities or immunities of the Trustee. The Company may not sign an amendment or supplemental
Indenture until the Board of Directors approves it. In executing any amended or supplemental indenture the Trustee shall be entitled to
receive and (subject to Section 7.01) shall be fully protected in relying upon, in addition to the documents required by Section 10.04,
an Officers' Certificate and an Opinion of Counsel stating that the execution of such amended or supplemental indenture is authorized
or permitted by this Indenture, that it is not inconsistent herewith, that it has been duly authorized, executed and delivered by the
Company and any Guarantor and that it will be valid and binding upon the Company and any Guarantor in accordance with its terms.

 

ARTICLE 10 

SUBORDINATION

 

SECTION 10.01. Securities Subordinated
to Senior Indebtedness. The Company covenants and agrees, and each Holder of Securities by such Holder’s acceptance thereof,
likewise covenants and agrees, that the indebtedness evidenced by the Securities and the payment of the principal of, premium, if any
and interest on each and all of the Securities is hereby expressly subordinated, to the extent and in the manner hereinafter set forth,
in right of payment to the prior payment in full of Senior Indebtedness.

 

    	 	31	 

     

    

 

Anything in this Indenture or in the Securities
to the contrary notwithstanding, the indebtedness evidenced by the Securities shall be subordinate and junior in right of payment, to
the extent and in the manner hereinafter set forth, to all Senior Indebtedness. Senior Indebtedness shall continue to be Senior Indebtedness
and entitled to the benefits of these subordination provisions irrespective of any amendment, modification or waiver of any term of Senior
Indebtedness or extension or renewal of Senior Indebtedness.

 

(a) In the event the
Company shall default in the payment of any Senior Indebtedness when the same becomes due and payable, whether at maturity or on a date
fixed for prepayment or by declaration or otherwise, then, unless and until such default shall have been cured or waived or shall have
ceased to exist, no direct or indirect payment (in cash, property or securities or by set-off or otherwise), except payments or distributions
made by the Trustee as permitted by Section 10.03, shall be made or agreed to be made on account of the principal of, premium, if
any, or interest on the Securities, or as a sinking fund for the Securities, or in respect of any redemption, retirement, purchase or
other acquisition of any of the Securities.

 

(b) Upon the happening
of an event of default with respect to any Senior Indebtedness, permitting the holders thereof to accelerate
the maturity thereof (other than under circumstances when the terms of Section 10.01(a) are applicable), then, unless and until
such event of default shall have been cured or waived or shall have ceased to exist, no direct or indirect payment (in cash, property
or securities or by set-off or otherwise), except payments or distributions made by the Trustee as permitted by Section 10.03, shall
be made or agreed to be made on account of the principal of, or premium, if any, or interest on the Securities, or as a sinking fund for
the Securities, or in respect of any redemption, retirement, purchase or other acquisition of any of the Securities, during any period:

 

(i) of 90 days after written
notice of such default shall have been given to the Company by any holder of Senior Indebtedness; or

 

(ii) in which any judicial proceeding shall
be pending in respect of such event of default and a notice of acceleration of the maturity of such Senior Indebtedness shall have been
transmitted to the Company in respect of such event of default.

 

(c) In the event of

 

(i) any insolvency, bankruptcy,
receivership, liquidation, reorganization, readjustment, composition or other similar proceeding relating to the Company, its creditors
or its property;

 

(ii) any proceeding for
the liquidation, dissolution or other winding-up of the Company, voluntary or involuntary, whether or not involving insolvency or bankruptcy
proceedings;

 

(iii) any assignment by
the Company for the benefit of creditors; or

 

(iv) any other marshalling
of the assets of the Company,

 

all Senior Indebtedness (including any interest
accruing after the commencement of such proceedings) shall first be paid in full before any payment or distribution, whether in cash,
securities or other property, shall be made to any Holder of Securities on account of the Securities. Any payment or distribution, whether
in cash, securities or other property (other than securities of the Company or any other corporation provided for by a plan of reorganization
or readjustment the payment of which is subordinate, at least to the extent provided in this Article 10 with respect to the Securities,
to the payment of all Senior Indebtedness at the time outstanding and to any securities issued in respect thereof under any such plan
of reorganization or readjustment), which would otherwise (but for the provisions of this Article 10) be payable or deliverable in
respect of the Securities shall be paid or delivered directly to the holders of Senior Indebtedness in accordance with the priorities
then existing among such holders until all Senior Indebtedness (including any interest thereon accruing after the commencement of any
such proceedings) shall have been paid in full.

 

(d) In the event that
any Security shall be declared due and payable pursuant to Section 6.01 as the result of the occurrence of any one or more Events
of Default in respect thereof, under circumstances when the terms of Section 10.01(c) are not applicable, no payment shall be
made in respect of any Securities unless and until all Senior Indebtedness shall have been paid in full or such declaration and its consequences
shall have been rescinded in accordance with this Indenture and all such Events of Default shall have been cured or waived.

 

(e) If any payment or
distribution of any character or any security, whether in cash, securities or other property (other than securities of the Company or
any other corporation provided for by a plan of reorganization or readjustment the payment of which is subordinate, at least to the extent
provided in the provisions of this Article 10 with respect to the Securities, to the payment of all Senior Indebtedness at the time
outstanding and to any securities issued in respect thereof under any such plan or reorganization or readjustment), shall be received
by any Holder of Securities in contravention of any terms hereof and before all the Senior Indebtedness shall have been paid in full,
such payment or distribution or security shall be received in trust for the benefit of, and shall be paid over or delivered and transferred
to, the holders of the Senior Indebtedness at the time outstanding, in accordance with the priorities then existing among such holders
for application to the payment of all Senior Indebtedness remaining unpaid, or, if applicable, to any trustee in bankruptcy, receiver,
liquidating trustee, custodian, assignee, agent or other Person making payment or distribution of assets of the Company, to the extent
necessary to pay all such Senior Indebtedness in full. In the event of the failure of any Holder of Securities to endorse or assign any
such payment, distribution or security, each holder of Senior Indebtedness is hereby irrevocably authorized to endorse or assign the same.

 

    	 	32	 

     

    

 

(f) Nothing contained
herein shall impair, as between the Company and the Holder of any Securities, the obligation of the Company to pay to the Holder thereof
the principal thereof and interest thereon as and when the same shall become due and payable in accordance with the terms of such Security,
or prevent the Holder of any Securities or the Trustee from exercising all rights, powers and remedies otherwise permitted by applicable
law or pursuant to the terms of this Indenture and the Security, upon a default or Event of Default under this Indenture, all subject
to the rights of the holders of the Senior Indebtedness to receive cash, securities or other property otherwise payable or deliverable
to the Holders of the Securities.

 

(g) Senior Indebtedness
shall not be deemed to have been paid in full unless the holders thereof shall have received cash equal to the amount of such Senior Indebtedness
then outstanding. Upon the payment in full of all Senior Indebtedness, the Holders of Securities shall be subrogated to all rights of
any holders of Senior Indebtedness to receive any further payments or distributions applicable to the Senior Indebtedness until all amounts
owing on the Securities shall have been paid in full, and such payments or distributions received by the holders of the Securities by
reason of such subrogation, of cash, securities or other property which otherwise would be paid or distributed to the holders of Senior
Indebtedness, shall, as between the Company and its creditors other than the holders of Senior Indebtedness, on the one hand, and the
Holders of Securities, on the other hand, be deemed to be a payment by the Company on account of Senior Indebtedness and not on account
of Securities.

 

The Company shall give prompt written notice to
the Trustee of any insolvency, bankruptcy, receivership, liquidation, reorganization, readjustment, composition or other similar proceeding
relating to the Company within the meaning of this Section 10.01. Upon any payment or distribution of assets of the Company referred
to in this Article 10, the Trustee, subject to the provisions of Section 7.01, and the Holders of Securities shall be entitled
to conclusively rely upon a certificate of the trustee in bankruptcy, receiver, assignee for the benefit of creditors or other liquidating
agent making such payment or distribution, delivered to the Trustee or to the Holders of Securities, or upon an order or decree made by
any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation, reorganization, readjustment, composition
or other similar proceedings are pending, for the purpose of ascertaining the person entitled to participate in such distribution, the
holders of the Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts
paid or distributed thereon and all other facts pertinent thereto or to this Article 10. In the absence of any such bankruptcy trustee,
receiver, assignee, or other Person, the Trustee shall be entitled to conclusively rely upon a written notice by a Person representing
itself, himself or herself to be a holder of Senior Indebtedness (or a trustee or representative on behalf of such holder) as evidence
that such Person is a holder of such Senior Indebtedness (or is such a trustee or representative), the amount of or payable on and the
amount or amounts paid or distributed on such Senior Indebtedness or other indebtedness, and all other facts pertinent to such Senior
Indebtedness or other indebtedness.

 

In the event that the Trustee determines, in good
faith, that further evidence is required with respect to the right of any person as a holder of Senior Indebtedness to participate in
any payment or distribution pursuant to this Section 10.01, the Trustee may request such person to furnish evidence to the reasonable
satisfaction of the Trustee as to the amount of Senior Indebtedness held by such person, as to the extent to which such person is entitled
to participate in such payment or distribution, and as to other facts pertinent to the rights of such person under this Section 10.01,
and if such evidence is not furnished, the Trustee may defer any payment to such person pending judicial determination as to the right
of such person to receive such payment.

 

    	 	33	 

     

    

 

The rights of holders of Senior Indebtedness hereunder
shall not extend or apply to any payment or distribution, whether in cash, securities or other property, to the extent applied to the
Trustee’s rights to or claims for compensation, reimbursement of expenses, liabilities or indemnification under Section 7.07
of the Indenture or otherwise. This Section 10.01 shall be subject to the further provisions of Section 10.03.

 

SECTION 10.02. Effectuation of Subordination
by Trustee. Each Holder of Securities, by such Holder’s acceptance thereof, authorizes and directs the Trustee in his behalf
to take such action as may be necessary or appropriate to effectuate, as between the Holders of the Securities and the holders of Senior
Indebtedness, the subordination provided in this Article 10 and appoints the Trustee his attorney-in-fact for any and all such purposes.

 

SECTION 10.03. Knowledge of Trustee.
Nothing contained in this Article 10 or elsewhere in this Indenture, shall (a) prevent the Company from setting aside in trust
or depositing with the Trustee or any Paying Agent, at any time, except during the pendency of any of the proceedings or upon the happening
or continuance of any of the events referred to in Section 10.01, moneys for the payment of principal of, or premium, if any, or
interest on, the Securities, or (b) prevent the application by the Trustee or Paying Agent of any moneys deposited with it hereunder
at any time by or on behalf of the Company to the payment of or on account of the principal of, or the premium, if any, or interest on
the Securities, if a Responsible Officer of the Trustee or the Paying Agent, as the case may be, did not receive the written notice provided
for in this Section of any event prohibiting such application at least three (3) Business Days prior to the date of such application.

 

The Company shall give prompt written notice to
the Trustee in the form of an Officers’ Certificate of any fact known to the Company that would prohibit the making of any payment
to or by the Trustee in respect of the Securities pursuant to this Article 10. Notwithstanding the provisions of this Article or
any other provisions of this Indenture, the Trustee shall not be charged with knowledge of the existence of any Senior Indebtedness or
of any default or event of default with respect to any Senior Indebtedness or any fact or facts which would prohibit the making of any
payment of moneys to or by the Trustee, or the taking of any other action by the Trustee, and shall be entitled conclusively to assume
that no such facts exist, unless and until a Responsible Officer of the Trustee shall have received written notice thereof in the form
of an Officers’ Certificate from the Company, from the Holder of such Securities, or from the holder or representative of any class
of Senior Indebtedness who shall have been certified by the Company or otherwise established to the reasonable satisfaction of the Trustee
to be such holder or representative or from the trustee under any indenture pursuant to which Senior Indebtedness shall be outstanding;
provided, however, that if the Trustee shall not have received the written notice provided for in this Section at least three (3) Business
Days prior to the date upon which by the terms hereof any money may become payable for any purpose (including, without limitation, the
payment of the principal of or interest on any Security) then, anything herein contained to the contrary notwithstanding, the Trustee
shall have all power and authority to receive such money and to apply the same to the purpose for which such money was received and shall
not be affected by any notice to the contrary which may be received by it during or after such three (3) Business Day period. Notwithstanding
anything in this Article 10 to the contrary, nothing shall prevent any payment by the Trustee to the Holders of monies deposited
with it pursuant to Section 8.01(a), and any such payment shall not be subject to the provisions of Section 10.01 or 10.02.

 

SECTION 10.04. Trustee’s Relation
to Senior Indebtedness. The Trustee shall be entitled to all rights set forth in this Article 10 with respect to any Senior Indebtedness
at the time held by it, to the same extent as any other holder of Senior Indebtedness, and nothing in Section 7.11 or elsewhere in
this Indenture shall deprive the Trustee of any of its rights as such holder. Nothing in this Article 10 shall subordinate to Senior
Indebtedness the claims of, or payments to, the Trustee under or pursuant to Section 7.07, or otherwise in connection with any compensation,
reimbursement or indemnification afforded the Trustee in connection with this Indenture.

 

With respect to the holders of Senior Indebtedness,
the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article 10
and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the
Trustee and the Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and shall not be liable to
any holder of Senior Indebtedness if it shall pay over or deliver to Holders, the Company or any other Person monies or assets to which
any holder of Senior Indebtedness shall be entitled by virtue of this Article or otherwise.

 

    	 	34	 

     

    

  

SECTION 10.05. Rights of Holders of Senior
Indebtedness Not Impaired. No right of any present or future holder of any Senior Indebtedness to enforce the subordination herein
shall at any time or in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any non-compliance
by the Company with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof any such holder may have
or be otherwise charged with.

 

ARTICLE 11 

NOTE GUARANTEES

 

SECTION 11.01. Guarantee.

 

(a) Subject to this Article 11,
the Guarantor hereby unconditionally guarantees to each Holder of Securities issued by Icahn Enterprises Finance, authenticated and delivered
by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the
Securities or the obligations of the Company hereunder or thereunder, that:

 

(1) the principal of, premium and
liquidated damages, if any, and interest on, the Notes will be promptly paid in full when due, whether at maturity, by acceleration, redemption
or otherwise, and interest on the overdue principal of premium on, if any and interest on the Notes, if any, if lawful, and all other
obligations of the Company to the Holders or the Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance
with the terms hereof and thereof; and

 

(2) in case of any extension of
time of payment or renewal of any Securities or any of such other obligations, that same will be promptly paid in full when due or performed
in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise.

 

Failing payment when due of
any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantor will pay the same immediately. The Guarantor
agrees that this is a guarantee of payment and not a guarantee of collection.

 

(b) The Guarantor hereby
agrees that its obligations hereunder are unconditional, irrespective of the validity, regularity or enforceability of the Securities
or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Securities with respect to
any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce the same or any other circumstance
which might otherwise constitute a legal or equitable discharge or defense of a guarantor. The Guarantor hereby waives diligence, presentment,
demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding
first against the Company, protest, notice and all demands whatsoever and covenant that this Guarantee will not be discharged except by
complete performance of the obligations contained in the Securities and this Indenture.

 

(c) If any Holder or
the Trustee is required by any court or otherwise to return to the Company, the Guarantor or any custodian, trustee, liquidator or other
similar official acting in relation to either the Company or the Guarantor, any amount paid by either to the Trustee or such Holder, this
Guarantee, to the extent theretofore discharged, will be reinstated in full force and effect.

 

(d) The Guarantor agrees
that it will not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until
payment in full of all obligations guaranteed hereby. The Guarantor further agrees that, as between the Guarantor, on the one hand, and
the Holders and the Trustee, on the other hand, (1) the maturity of the obligations guaranteed hereby may be accelerated as provided
in Article 6 hereof for the purposes of this Guarantee, notwithstanding any stay, injunction or other prohibition preventing such
acceleration in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations
as provided in Article 6 hereof, such obligations (whether or not due and payable) will forthwith become due and payable by the Guarantor
for the purpose of this Guarantee.

 

    	 	35	 

     

    

 

SECTION 11.02. Limitation on Guarantor
Liability.

 

The Guarantor, and by its acceptance of Securities,
each Holder, hereby confirms that it is the intention of all such parties that the Guarantee not constitute a fraudulent transfer or conveyance
for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state
law to the extent applicable to any Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantor hereby
irrevocably agree that the obligations of such Guarantor will be limited to the maximum amount that will, after giving effect to such
maximum amount and all other contingent and fixed liabilities of the Guarantor that are relevant under such laws.

 

 

SECTION 11.03. Execution and Delivery
of Guarantee.

 

To evidence its Guarantee set forth in Section 11.01
hereof, the Guarantor hereby agrees that a notation of such Note Guarantee will be endorsed by an Officer of the Guarantor on each Security
authenticated and delivered by the Trustee and that this Indenture will be executed on behalf of the Guarantor by one of its Officers.

 

The Guarantor hereby agrees that its Guarantee
set forth in Section 11.01 hereof will remain in full force and effect notwithstanding any failure to endorse on the Securities a
notation of such Guarantee.

 

If an Officer whose signature
is on this Indenture or on the Guarantee no longer holds that office at the time the Trustee authenticates the Securities on which a Guarantee
is endorsed, the Guarantee will be valid nevertheless.

 

The delivery of any Securities
by the Trustee, after the authentication thereof hereunder, will constitute due delivery of the Guarantee set forth in this Indenture
on behalf of the Guarantor.

 

ARTICLE 12 

MISCELLANEOUS

 

SECTION 12.01. Trust Indenture Act Controls.
If any provision of this Indenture limits, qualifies or conflicts with the duties imposed by TIA Section 318(c), the imposed duties
shall control.

 

SECTION 12.02. Notices. Any notice
or communication by the Company, any Guarantor or the Trustee to others is duly given if in writing and delivered in person or mailed
by first class mail (registered or certified, return receipt requested), facsimile transmission, electronic mail in .pdf format, or by
overnight air courier guaranteeing next day delivery, as follows:

 

	 	If to the Company or the Guarantor:
	 	 
	 	Icahn Enterprises L.P.
	 	Icahn Enterprises Finance Corp.
	 	767 Fifth Avenue, Suite 4700
	 	New York, New York 10153
	 	Attention: Jesse Lynn, General Counsel
	 	 
	 	With a copy to:
	 	 
	 	Proskauer Rose LLP
	 	Eleven Times Square
	 	New York, NY 10036-8299
	 	Attention: Julie M. Allen, Esq.

 

    	 	36	 

     

    

  

	 	If to the Trustee:
	 	 
	 	Wilmington Trust, National Association
	 	50 South Sixth Street, Suite 1290
	 	Minneapolis, MN 55402
	 	
    Telecopier No.: (612) 217-5651

    Attention: Corporate Trust Administration

	 	 
	 	
    With a copy to:

    Alston & Bird LLP

    101 South Tryon St., Suite 4000

    Charlotte, NC 28280-4000

    Facsimile No.: (704) 444-1111

    Attention: Adam Smith, Esq.

 

The Company, the Guarantor
or the Trustee, by notice to the other may designate additional or different addresses for subsequent notices or communications.

 

All notices and communications
(other than those sent to Holders) will be deemed to have been duly given: at the time delivered by hand, if personally delivered; five
Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if transmitted by facsimile or
electronic mail in .pdf format; and the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing
next day delivery.

 

Any notice or communication
to a Holder shall be sent electronically or mailed by first class mail, certified or registered, return receipt requested, or by overnight
air courier guaranteeing next day delivery to its address shown on the register kept by the Registrar or in accordance with the applicable
procedures of the Depositary.

 

Any notice or communication
will also be mailed by the Trustee to any Person described in TIA §313(c), to the extent required by the TIA. Failure to mail or
deliver a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. If a
notice or communication is mailed or delivered in the manner provided above within the time prescribed, it is duly given, whether or not
the addressee receives it.

 

If the Company mails or delivers
a notice or communication to Holders, it shall mail or send electronically a copy to the Trustee and each Agent at the same time.

 

SECTION 12.03. Communication by Holders
of Securities with Other Holders of Securities. Holders may communicate pursuant to TIA Section 312(b) with other Holders
with respect to their rights under this Indenture or the Securities. The Company, the Trustee, the Registrar and anyone else shall have
the protection of TIA Section 312(c).

 

SECTION 12.04. Certificate and Opinion
as to Conditions Precedent. Upon any request or application by the Company to the Trustee to take any action under this Indenture,
the Company shall furnish to the Trustee:

 

(a) an Officers' Certificate
in form and substance reasonably satisfactory to the Trustee stating that, in the opinion of the signers, all conditions precedent and
covenants, if any, provided for in this Indenture relating to the proposed action have been satisfied; and

 

(b) an Opinion of Counsel
in form and substance reasonably satisfactory to the Trustee stating that, in the opinion of such counsel, all such conditions precedent
and covenants have been satisfied.

 

    	 	37	 

     

    

 

SECTION 12.05. Statements Required in
Certificate or Opinion. Each certificate or opinion 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 to express an informed
opinion as to whether or not such covenant or condition has been satisfied; and

 

(d) a statement as to
whether or not, in the opinion of such person, such condition or covenant has been satisfied.

 

SECTION 12.06. Rules by Trustee,
Paying Agent and Registrar. The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or
Paying Agent may make reasonable rules and set reasonable requirements for its functions.

 

SECTION 12.07. No Personal Liability of
Directors, Officers, Employees and Stockholders. No director, officer, employee, incorporator or stockholder of the Company as such
shall have any liability for any obligations of the Company under the Securities or this Indenture or for any claim based on, in respect
of, or by reason of, such obligations or their creation. Each Holder of Securities by accepting a Security waives and releases all such
liability. The waiver and release are part of the consideration for issuance of the Securities.

 

SECTION 12.08. GOVERNING LAW; JURISDICTION;
WAIVER OF TRIAL BY JURY. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE, THE SECURITIES
AND THE GUARANTEE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF
ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. THE PARTIES HERETO HEREBY IRREVOCABLY (I) SUBMIT TO THE NON-EXCLUSIVE JURISDICTION
OF ANY FEDERAL OR STATE COURT SITTING IN THE BOROUGH OF MANHATTAN, THE CITY OF NEW YORK, (II) WAIVE ANY OBLIGATION TO LAYING OF VENUE
IN SUCH ACTION OR PROCEEDING IN SUCH COURTS, AND (III) WAIVE ANY OBJECTION THAT SUCH COURTS ARE AN INCONVENIENT FORUM OR DO NOT HAVE
JURISDICTION OVER ANY OTHER PARTY. EACH OF THE PARTIES HERETO HEREBY (AND THE HOLDERS BY THEIR ACCEPTANCE OF THE NOTES THEREBY) WAIVES
THE RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS INDENTURE.

 

SECTION 12.09. No Adverse Interpretation
of Other Agreements. This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or its
Subsidiaries or of any other Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture.

 

SECTION 12.10. Successors. All agreements
of the Company in this Indenture and the Securities shall bind its successors. All agreements of the Trustee in this Indenture shall bind
its successors.

 

SECTION 12.11. Severability. In case
any provision in this Indenture or in the Securities or the Guarantee shall be invalid, illegal or unenforceable, the validity, legality
and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

SECTION 12.12. Counterpart Originals.
The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent
the same agreement.

 

SECTION 12.13. Table of Contents, Headings,
Etc. The Table of Contents, Cross-Reference Table and Headings of the Articles and Sections of this Indenture have been inserted for
convenience of reference only, are not to be considered a part of this Indenture and shall in no way modify or restrict any of the terms
or provisions hereof.

 

[Signatures on following page]

 

    	 	38	 

     

    

 

SIGNATURES

 

Dated as of _______

 

	 	ICAHN ENTERPRISES L.P.
	 	 
	 	By: 	Icahn Enterprises G.P., Inc.,
	 	 	its general partner
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	ICAHN ENTERPRISES FINANCE CORP.
	 	 
	 	By: 	 
	 	 	Name: 
	 	 	Title:
	 	 	 
	 	WILMINGTON TRUST, NATIONAL ASSOCIATION, as TRUSTEE
	 	 
	 	By:	 
	 	 	Name: 
	 	 	Title:EX-4.4

 Exhibit 4.4 
  

 
 FUNKO, INC. 

 
  

INDENTURE 
 Dated as of
___________, 20___ 
  
  

[_________] 
 Trustee 

 
  
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I. DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	 
	 Section 1.1.
	 	Definitions	  	 	1	 
	 Section 1.2.
	 	Other Definitions	  	 	4	 
	 Section 1.3.
	 	Incorporation by Reference of Trust Indenture Act	  	 	4	 
	 Section 1.4.
	 	Rules of Construction	  	 	5	 
		
	 ARTICLE II. THE SECURITIES
	  	 	5	 
	 Section 2.1.
	 	Issuable in Series	  	 	5	 
	 Section 2.2.
	 	Establishment of Terms of Series of Securities	  	 	6	 
	 Section 2.3.
	 	Execution and Authentication	  	 	8	 
	 Section 2.4.
	 	Registrar, Paying Agent and Notice Agent	  	 	9	 
	 Section 2.5.
	 	Paying Agent to Hold Money in Trust	  	 	10	 
	 Section 2.6.
	 	Holder Lists	  	 	10	 
	 Section 2.7.
	 	Transfer and Exchange	  	 	11	 
	 Section 2.8.
	 	Mutilated, Destroyed, Lost and Stolen Securities	  	 	11	 
	 Section 2.9.
	 	Outstanding Securities	  	 	12	 
	 Section 2.10.
	 	Treasury Securities	  	 	12	 
	 Section 2.11.
	 	Temporary Securities	  	 	12	 
	 Section 2.12.
	 	Cancellation	  	 	13	 
	 Section 2.13.
	 	Defaulted Interest	  	 	13	 
	 Section 2.14.
	 	Global Securities	  	 	13	 
	 Section 2.15.
	 	CUSIP Numbers	  	 	15	 
		
	 ARTICLE III. REDEMPTION
	  	 	15	 
	 Section 3.1.
	 	Notice to Trustee	  	 	15	 
	 Section 3.2.
	 	Selection of Securities to be Redeemed	  	 	16	 
	 Section 3.3.
	 	Notice of Redemption	  	 	16	 
	 Section 3.4.
	 	Effect of Notice of Redemption	  	 	17	 
	 Section 3.5.
	 	Deposit of Redemption Price	  	 	17	 
	 Section 3.6.
	 	Securities Redeemed in Part	  	 	17	 
		
	 ARTICLE IV. COVENANTS
	  	 	17	 
	 Section 4.1.
	 	Payment of Principal and Interest	  	 	17	 
	 Section 4.2.
	 	SEC Reports	  	 	18	 
	 Section 4.3.
	 	Compliance Certificate	  	 	18	 
	 Section 4.4.
	 	Stay, Extension and Usury Laws	  	 	18	 
		
	 ARTICLE V. SUCCESSORS
	  	 	19	 
	 Section 5.1.
	 	When Company May Merge, Etc.	  	 	19	 
	 Section 5.2.
	 	Successor Corporation Substituted	  	 	19	 

  
 i 

							
		
	 ARTICLE VI. DEFAULTS AND REMEDIES
	  	 	20	 
	 Section 6.1.
	 	Events of Default	  	 	20	 
	 Section 6.2.
	 	Acceleration of Maturity; Rescission and Annulment	  	 	21	 
	 Section 6.3.
	 	Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	21	 
	 Section 6.4.
	 	Trustee May File Proofs of Claim	  	 	22	 
	 Section 6.5.
	 	Trustee May Enforce Claims Without Possession of Securities	  	 	23	 
	 Section 6.6.
	 	Application of Money Collected	  	 	23	 
	 Section 6.7.
	 	Limitation on Suits	  	 	23	 
	 Section 6.8.
	 	Unconditional Right of Holders to Receive Principal and Interest	  	 	24	 
	 Section 6.9.
	 	Restoration of Rights and Remedies	  	 	24	 
	 Section 6.10.
	 	Rights and Remedies Cumulative	  	 	24	 
	 Section 6.11.
	 	Delay or Omission Not Waiver	  	 	25	 
	 Section 6.12.
	 	Control by Holders	  	 	25	 
	 Section 6.13.
	 	Waiver of Past Defaults	  	 	25	 
	 Section 6.14.
	 	Undertaking for Costs	  	 	26	 
		
	 ARTICLE VII. TRUSTEE
	  	 	26	 
	 Section 7.1.
	 	Duties of Trustee	  	 	26	 
	 Section 7.2.
	 	Rights of Trustee	  	 	27	 
	 Section 7.3.
	 	Individual Rights of Trustee	  	 	28	 
	 Section 7.4.
	 	Trustee’s Disclaimer	  	 	29	 
	 Section 7.5.
	 	Notice of Defaults	  	 	29	 
	 Section 7.6.
	 	Reports by Trustee to Holders	  	 	29	 
	 Section 7.7.
	 	Compensation and Indemnity	  	 	29	 
	 Section 7.8.
	 	Replacement of Trustee	  	 	30	 
	 Section 7.9.
	 	Successor Trustee by Merger, Etc.	  	 	31	 
	 Section 7.10.
	 	Eligibility; Disqualification	  	 	31	 
	 Section 7.11.
	 	Preferential Collection of Claims Against Company	  	 	31	 
		
	 ARTICLE VIII. SATISFACTION AND DISCHARGE; DEFEASANCE
	  	 	32	 
	 Section 8.1.
	 	Satisfaction and Discharge of Indenture	  	 	32	 
	 Section 8.2.
	 	Application of Trust Funds; Indemnification	  	 	33	 
	 Section 8.3.
	 	Legal Defeasance of Securities of any Series	  	 	33	 
	 Section 8.4.
	 	Covenant Defeasance	  	 	35	 
	 Section 8.5.
	 	Repayment to Company	  	 	36	 
	 Section 8.6.
	 	Reinstatement	  	 	36	 
		
	 ARTICLE IX. AMENDMENTS AND WAIVERS
	  	 	36	 
	 Section 9.1.
	 	Without Consent of Holders	  	 	36	 
	 Section 9.2.
	 	With Consent of Holders	  	 	37	 
	 Section 9.3.
	 	Limitations	  	 	38	 
	 Section 9.4.
	 	Compliance with Trust Indenture Act	  	 	38	 
	 Section 9.5.
	 	Revocation and Effect of Consents	  	 	38	 
	 Section 9.6.
	 	Notation on or Exchange of Securities	  	 	39	 
	 Section 9.7.
	 	Trustee Protected	  	 	39	 

  
 ii 

							
		
	 ARTICLE X. MISCELLANEOUS
	  	 	39	 
	 Section 10.1.
	 	Trust Indenture Act Controls	  	 	39	 
	 Section 10.2.
	 	Notices	  	 	40	 
	 Section 10.3.
	 	Communication by Holders with Other Holders	  	 	41	 
	 Section 10.4.
	 	Certificate and Opinion as to Conditions Precedent	  	 	41	 
	 Section 10.5.
	 	Statements Required in Certificate or Opinion	  	 	41	 
	 Section 10.6.
	 	Rules by Trustee and Agents	  	 	42	 
	 Section 10.7.
	 	Legal Holidays	  	 	42	 
	 Section 10.8.
	 	No Recourse Against Others	  	 	42	 
	 Section 10.9.
	 	Counterparts	  	 	42	 
	 Section 10.10.
	 	Governing Law; Waiver of Jury Trial; Consent to Jurisdiction	  	 	43	 
	 Section 10.11.
	 	No Adverse Interpretation of Other Agreements	  	 	43	 
	 Section 10.12.
	 	Successors	  	 	43	 
	 Section 10.13.
	 	Severability	  	 	43	 
	 Section 10.14.
	 	Table of Contents, Headings, Etc.	  	 	43	 
	 Section 10.15.
	 	Securities in a Foreign Currency	  	 	44	 
	 Section 10.16.
	 	Judgment Currency	  	 	44	 
	 Section 10.17.
	 	Force Majeure	  	 	45	 
	 Section 10.18.
	 	U.S.A. Patriot Act	  	 	45	 
		
	 ARTICLE XI. SINKING FUNDS
	  	 	45	 
	 Section 11.1.
	 	Applicability of Article	  	 	45	 
	 Section 11.2.
	 	Satisfaction of Sinking Fund Payments with Securities	  	 	46	 
	 Section 11.3.
	 	Redemption of Securities for Sinking Fund	  	 	46	 

  
 iii 

 FUNKO, INC. 

Reconciliation and tie between Trust Indenture Act of 1939 and 

Indenture, dated as of ____________, 20__ 
  

					
	§ 310(a)(1)	  		  	7.10
	(a)(2)	  		  	7.10
	(a)(3)	  		  	Not Applicable
	(a)(4)	  		  	Not Applicable
	(a)(5)	  		  	7.10
	(b)	  		  	7.10
	§ 311(a)	  		  	7.11
	(b)	  		  	7.11
	(c)	  		  	Not Applicable
	§ 312(a)	  		  	2.6
	(b)	  		  	10.3
	(c)	  		  	10.3
	§ 313(a)	  		  	7.6
	(b)(1)	  		  	7.6
	(b)(2)	  		  	7.6
	(c)(1)	  		  	7.6
	(d)	  		  	7.6
	§ 314(a)	  		  	4.2, 10.5
	(b)	  		  	Not Applicable
	(c)(1)	  		  	10.4
	(c)(2)	  		  	10.4
	(c)(3)	  		  	Not Applicable
	(d)	  		  	Not Applicable
	(e)	  		  	10.5
	(f)	  		  	Not Applicable
	§ 315(a)	  		  	7.1
	(b)	  		  	7.5
	(c)	  		  	7.1
	(d)	  		  	7.1
	(e)	  		  	6.14
	§ 316(a)	  		  	2.10
	(a)(1)(A)	  		  	6.12
	(a)(1)(B)	  		  	6.13
	(b)	  		  	6.8
	§ 317(a)(1)	  		  	6.3
	(a)(2)	  		  	6.4
	(b)	  		  	2.5
	§ 318(a)	  		  	10.1

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

  
 iv 

 Indenture dated as of __________, 20__ between Funko, Inc., a company incorporated under the
laws of Delaware (“Company”), and [______] (“Trustee”). 
 Each party agrees as follows for the benefit of
the other party and for the equal and ratable benefit of the Holders of the Securities issued under this Indenture. 
 ARTICLE I. 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.1. Definitions. 

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

“Agent” means any Registrar, Paying Agent or Notice Agent. 

“Board of Directors” means the board of directors of the Company or any duly authorized committee thereof. 

“Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have
been adopted by the Board of Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the date of the certificate and delivered to the Trustee. 

“Business Day” means any day except a Saturday, Sunday or a legal holiday in the City of New York, New York (or in connection
with any payment, the place of payment) on which banking institutions are authorized or required by law, regulation or executive order to close. 

“Capital Stock” means any and all shares, interests, participations, rights or other equivalents (however designated) of
corporate stock. 
 “Company” means the party named as such above until a successor replaces it and thereafter means the
successor. 
 “Company Order” means a written order signed in the name of the Company by an Officer and delivered to the
Trustee. 
 “Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust
business related to this Indenture shall be principally administered. 
 “Default” means any event which is, or after
notice, passage of time or both would be, an Event of Default. 

 “Depositary” means, with respect to the Securities of any Series issuable
or issued in whole or in part in the form of one or more Global Securities, the person designated as Depositary for such Series by the Company, which Depositary shall be a clearing agency registered under the Exchange Act; and if at any time there
is more than one such person, “Depositary” as used with respect to the Securities of any Series shall mean the Depositary with respect to the Securities of such Series. 

“Discount Security” means any Security that provides for an amount less than the stated principal amount thereof to be due
and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2. 
 “Dollars” and
“$” means the currency of the United States of America. 
 “Exchange Act” means the Securities Exchange
Act of 1934, as amended. 
 “Foreign Currency” means any currency or currency unit issued by a government other than the
government of the United States of America. 
 “Foreign Government Obligations” means, with respect to Securities of any
Series that are denominated in a Foreign Currency, direct obligations of, or obligations guaranteed by, the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged and
which are not callable or redeemable at the option of the issuer thereof. 
 “GAAP” means generally accepted accounting
principles in the United States of America set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting
Standards Board or in such other statements by such other entity as have been approved by a significant segment of the accounting profession, which are in effect as of the date of determination. 

“Global Security” or “Global Securities” means a Security or Securities, as the case may be, in the form
established pursuant to Section 2.2 evidencing all or part of a Series of Securities, issued to the Depositary for such Series or its nominee, and registered in the name of such Depositary or nominee. 

“Holder” means a person in whose name a Security is registered on the Registrar’s books. 

“Indenture” means this Indenture as amended or supplemented from time to time and shall include the form and terms of
particular Series of Securities established as contemplated hereunder. 
 “interest” with respect to any Discount Security
which by its terms bears interest only after Maturity, means interest payable after Maturity. 

  
 2 

 “Maturity” when used with respect to any Security, means the date on which
the principal of such Security becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 

“Officer” means the Chief Executive Officer, President, the Chief Financial Officer, the Treasurer or any Assistant
Treasurer, the Secretary or any Assistant Secretary and any Vice President of the Company. 
 “Officer’s Certificate”
means a certificate signed by any Officer that meets the requirements of this Indenture. 
 “Opinion of Counsel” means a
written opinion of legal counsel who is acceptable to the Trustee. The counsel may be an employee of or counsel to the Company. The opinion may contain customary limitations, conditions and exceptions. 

“person” means any individual, corporation, partnership, joint venture, association, limited liability company, joint-stock
company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “principal” of
a Security means the principal of the Security plus, when appropriate, the premium, if any, on, the Security. 
 “Responsible
Officer” means any officer of the Trustee in its Corporate Trust Office having responsibility for administration of this Indenture and also means, with respect to a particular corporate trust matter, any other officer to whom any corporate
trust matter is referred because of his or her knowledge of and familiarity with a particular subject. 
 “SEC” means the
Securities and Exchange Commission. 
 “Security” or “Securities” means the debentures, notes or other
debt instruments of the Company of any Series authenticated and delivered under this Indenture. 
 “Series” or
“Series of Securities” means each series of debentures, notes or other debt instruments of the Company created pursuant to Sections 2.1 and 2.2 hereof. 

“Stated Maturity” when used with respect to any Security, means the date specified in such Security as the fixed date on
which the principal of such Security or interest is due and payable. 
 “Subsidiary” of any specified person means any
corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees
thereof is at the time owned or controlled, directly or indirectly, by such person or one or more of the other Subsidiaries of that person or a combination thereof. 

“TIA” means the Trust Indenture Act of 1939 (15 U.S. Code §§ 77aaa-77bbbb) as in effect on the date of this
Indenture; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the extent required by any such amendment, the Trust Indenture Act as so amended. 

  
 3 

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

“U.S. Government Obligations” means securities which are direct obligations of, or guaranteed by, the United States of
America for the payment of which its full faith and credit is pledged and which are not callable or redeemable at the option of the issuer thereof, and shall also include a depositary receipt issued by a bank or trust company as custodian with
respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a depositary receipt, provided that (except as
required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation evidenced by such
depositary receipt. 
 Section 1.2. Other Definitions. 

 

					
	 TERM
	  	DEFINED IN
SECTION	 
	 “Agent Member”
	  	 	2.14.6	 
	 “Bankruptcy Law”
	  	 	6.1	 
	 “Custodian”
	  	 	6.1	 
	 “Event of Default”
	  	 	6.1	 
	 “Judgment Currency”
	  	 	10.16	 
	 “mandatory sinking fund payment”
	  	 	11.1	 
	 “New York Banking Day”
	  	 	10.16	 
	 “Notice Agent”
	  	 	2.4	 
	 “optional sinking fund payment”
	  	 	11.1	 
	 “Paying Agent”
	  	 	2.4	 
	 “Registrar”
	  	 	2.4	 
	 “Required Currency”
	  	 	10.16	 
	 “Specified Courts”
	  	 	10.10	 
	 “successor person”
	  	 	5.1	 

 Section 1.3. Incorporation by Reference of Trust Indenture Act. 

Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. The
following TIA terms used in this Indenture have the following meanings: 
 “Commission” means the SEC. 

  
 4 

 “indenture securities” means the Securities. 

“indenture security holder” means a Holder. 

“indenture to be qualified” means this Indenture. 

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

“obligor” on the indenture securities means the Company and any successor obligor upon the Securities. 

All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under
the TIA and not otherwise defined herein are used herein as so defined. 
 Section 1.4. Rules of Construction. 

Unless the context otherwise requires: 

(a) a term has the meaning assigned to it; 

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

(c) “or” is not exclusive; 

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

(e) provisions apply to successive events and transactions; 

(f) in the computation of periods of time from a specified date to a later specified date, the word “from” means
“from and including,” and the words “to” and “until” each mean “to but excluding;” and 

(g) the phrase “in writing” as used herein shall be deemed to include PDFs,
e-mails and other electronic means of transmission, unless otherwise indicated. 
 ARTICLE II. 

THE SECURITIES 

Section 2.1. Issuable in Series. 

The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be
issued in one or more Series. All Securities of a Series shall be identical except as may be set forth or determined in the manner provided in a Board Resolution, a supplemental indenture or an Officer’s Certificate detailing the adoption of
the terms thereof pursuant to authority granted under a Board Resolution. In the case of Securities of a Series to be issued from time to time, the Board Resolution, Officer’s Certificate 

  
 5 

 
or supplemental indenture detailing the adoption of the terms thereof pursuant to authority granted under a Board Resolution may provide for the method by which specified terms (such as interest
rate, maturity date, record date or date from which interest shall accrue) are to be determined. Securities may differ between Series in respect of any matters, provided that all Series of Securities shall be equally and ratably entitled to the
benefits of the Indenture. 
 Section 2.2. Establishment of Terms of Series of Securities. 

At or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the case of
Subsection 2.2.1 and either as to such Securities within the Series or as to the Series generally in the case of Subsections 2.2.2 through 2.2.23) by or pursuant to a Board Resolution, and set forth or determined in the manner provided in a Board
Resolution, supplemental indenture hereto or Officer’s Certificate: 
 2.2.1. the title (which shall distinguish the Securities of that
particular Series from the Securities of any other Series) and ranking (including the terms of any subordination provisions) of the Series; 

2.2.2. the price or prices (expressed as a percentage of the principal amount thereof) at which the Securities of the Series will be issued;

 2.2.3. any limit upon the aggregate principal amount of the Securities of the Series which may be authenticated and delivered under this
Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series pursuant to Section 2.7, 2.8, 2.11, 3.6 or 9.6); 

2.2.4. the date or dates on which the principal of the Securities of the Series is payable; 

2.2.5. the rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to determine such rate or rates
(including, but not limited to, any commodity, commodity index, stock exchange index or financial index) at which the Securities of the Series shall bear interest, if any, the date or dates from which such interest, if any, shall accrue, the date or
dates on which such interest, if any, shall commence and be payable and any regular record date for the interest payable on any interest payment date; 

2.2.6. the place or places where the principal of and interest, if any, on the Securities of the Series shall be payable, where the Securities
of such Series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be delivered, and the method of such payment, if by
wire transfer, mail or other means; 
 2.2.7. if applicable, the period or periods within which, the price or prices at which and the terms
and conditions upon which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company; 

  
 6 

 2.2.8. the obligation, if any, of the Company to redeem or purchase the Securities of the
Series pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the Series shall be redeemed
or purchased, in whole or in part, pursuant to such obligation; 
 2.2.9. the dates, if any, on which and the price or prices at which the
Securities of the Series will be repurchased by the Company at the option of the Holders thereof and other detailed terms and provisions of such repurchase obligations; 

2.2.10. if other than denominations of $1,000 and any integral multiple thereof, the denominations in which the Securities of the Series shall
be issuable; 
 2.2.11. the forms of the Securities of the Series and whether the Securities will be issuable as Global Securities; 

2.2.12. if other than the principal amount thereof, the portion of the principal amount of the Securities of the Series that shall be payable
upon declaration of acceleration of the maturity thereof pursuant to Section 6.2; 
 2.2.13. the currency of denomination of the
Securities of the Series, which may be Dollars or any Foreign Currency, and if such currency of denomination is a composite currency, the agency or organization, if any, responsible for overseeing such composite currency; 

2.2.14. the designation of the currency, currencies or currency units in which payment of the principal of and interest, if any, on the
Securities of the Series will be made; 
 2.2.15. if payments of principal of or interest, if any, on the Securities of the Series are to be
made in one or more currencies or currency units other than that or those in which such Securities are denominated, the manner in which the exchange rate with respect to such payments will be determined; 

2.2.16. the manner in which the amounts of payment of principal of or interest, if any, on the Securities of the Series will be determined, if
such amounts may be determined by reference to an index based on a currency or currencies or by reference to a commodity, commodity index, stock exchange index or financial index; 

2.2.17. the provisions, if any, relating to any security provided for the Securities of the Series; 

2.2.18. any addition to, deletion of or change in the Events of Default which applies to any Securities of the Series and any change in the
right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.2; 

2.2.19. any addition to, deletion of or change in the covenants applicable to Securities of the Series; 

  
 7 

 2.2.20. any Depositaries, interest rate calculation agents, exchange rate calculation agents
or other agents with respect to Securities of such Series if other than those appointed herein; 
 2.2.21. the provisions, if any, relating
to conversion or exchange of any Securities of such Series, including if applicable, the conversion or exchange price, the conversion or exchange period, provisions as to whether conversion or exchange will be mandatory, at the option of the Holders
thereof or at the option of the Company, the events requiring an adjustment of the conversion price or exchange price and provisions affecting conversion or exchange if such Series of Securities are redeemed; 

2.2.22. any other terms of the Series (which may supplement, modify or delete any provision of this Indenture insofar as it applies to such
Series), including any terms that may be required under applicable law or regulations or advisable in connection with the marketing of Securities of that Series; and 

2.2.23. whether any of the Company’s direct or indirect Subsidiaries will guarantee the Securities of that Series, including the terms of
subordination, if any, of such guarantees. 
 All Securities of any one Series need not be issued at the same time and may be issued from
time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the Board Resolution, supplemental indenture hereto or Officer’s Certificate referred to above. 

Section 2.3. Execution and Authentication. 

An Officer shall sign the Securities for the Company by manual, facsimile or electronic signature. 

If an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall
nevertheless be valid. 
 A Security shall not be valid until authenticated by the manual signature of the Trustee or an authenticating
agent. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. 
 The Trustee shall at any
time, and from time to time, authenticate Securities for original issue in the principal amount provided in the Board Resolution, supplemental indenture hereto or Officer’s Certificate, upon receipt by the Trustee of a Company Order. Each
Security shall be dated the date of its authentication. 
 The aggregate principal amount of Securities of any Series outstanding at any
time may not exceed any limit upon the maximum principal amount for such Series set forth in the Board Resolution, supplemental indenture hereto or Officer’s Certificate delivered pursuant to Section 2.2, except as provided in
Section 2.8. 

  
 8 

 Prior to the issuance of Securities of any Series, the Trustee shall have received and
(subject to Section 7.2) shall be fully protected in relying on: (a) the Board Resolution, supplemental indenture hereto or Officer’s Certificate establishing the form of the Securities of that Series or of Securities within that
Series and the terms of the Securities of that Series or of Securities within that Series, (b) an Officer’s Certificate complying with Sections 10.4 and 10.5, and (c) an Opinion of Counsel complying with Sections 10.4 and 10.5. 

The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised
by counsel, determines that such action may not be taken lawfully; or (b) if the Trustee in good faith determines that such action may expose the Trustee to personal liability. 

The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Securities. An authenticating agent may authenticate
Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with the Company or an Affiliate of
the Company. 
 Section 2.4. Registrar, Paying Agent and Notice Agent. 

The Company shall maintain, with respect to each Series of Securities, at the place or places specified with respect to such Series pursuant to
Section 2.2, an office or agency where Securities of such Series may be presented or surrendered for payment (“Paying Agent”), where Securities of such Series may be surrendered for registration of transfer or exchange
(“Registrar”) and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be delivered (“Notice Agent”). The Registrar shall keep a register with respect
to each Series of Securities and to their transfer and exchange. The Company will give prompt written notice to the Trustee of the name and address, and any change in the name or address, of each Registrar, Paying Agent or Notice Agent. If at any
time the Company shall fail to maintain any such required Registrar, Paying Agent or Notice Agent or shall fail to furnish the Trustee with the name and address thereof, such presentations, surrenders, notices and demands may be made or served at
the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands; provided, however, that any appointment of the Trustee as the
Notice Agent shall exclude the appointment of the Trustee or any office of the Trustee as an agent to receive the service of legal process on the Company. 

The Company may also from time to time designate one or more co-registrars, additional paying agents
or additional notice agents and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligations to maintain a Registrar, Paying Agent
and Notice Agent in each place so specified pursuant to Section 2.2 for Securities of any Series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the name
or address of any such co-registrar, additional paying agent or additional notice agent. The term “Registrar” includes any co-registrar; the term
“Paying Agent” includes any additional paying agent; and the term “Notice Agent” includes any additional notice agent. The Company or any of its Affiliates may serve as Registrar or Paying Agent. 

  
 9 

 The Company hereby appoints the Trustee the initial Registrar, Paying Agent and Notice Agent
for each Series unless another Registrar, Paying Agent or Notice Agent, as the case may be, is appointed prior to the time Securities of that Series are first issued. The rights, powers, duties, obligations and actions of each Agent under this
Indenture are several and not joint or joint and several, and the Agents shall only be obliged to perform those duties expressly set out in this Indenture and shall have no implied duties. 

Section 2.5. Paying Agent to Hold Money in Trust. 

The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust, for the
benefit of Holders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest on the Series of Securities, and will notify the Trustee in writing of any default by the Company in
making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment
over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate and hold in a
separate trust fund for the benefit of Holders of any Series of Securities all money held by it as Paying Agent. Upon any bankruptcy, reorganization or similar proceeding with respect to the Company, the Trustee shall serve as Paying Agent for the
Securities. For the avoidance of doubt, a Paying Agent and the Trustee shall be held harmless and have no liability with respect to payments or disbursements (including to the Holders) until they have confirmed receipt of funds sufficient to make
the relevant payment. No money held by an Agent needs to be segregated except as is required by law. 
 Section 2.6. Holder
Lists. 
 If it is serving as Registrar, the Trustee shall preserve in as current a form as is reasonably practicable the most recent
list available to it of the names and addresses of Holders of each Series of Securities and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least ten days before each
interest payment date and at such other times as the Trustee may request in writing a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of Holders of each Series of Securities. 

Every Holder, by receiving and holding Securities, agrees with the Company and the Trustee that neither the Company nor the Trustee or any
agent of either of them shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders in accordance with TIA § 312, regardless of the source from which such information was derived,
and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under TIA § 312(b). 

  
 10 

 Section 2.7. Transfer and Exchange. 

Where Securities of a Series are presented to the Registrar or a co-registrar with a request to
register a transfer or to exchange them for an equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange if its requirements for such transactions are met. To permit registrations of
transfers and exchanges, the Trustee shall authenticate Securities at the Registrar’s request. No service charge shall be made for any registration of transfer or exchange (except as otherwise expressly permitted herein), but the Company may
require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer tax or similar governmental charge payable upon exchanges pursuant to Sections 2.11, 3.6 or
9.6). 
 Neither the Company nor the Registrar shall be required (a) to issue, register the transfer of or exchange Securities of any
Series for the period beginning at the opening of business 15 days immediately preceding the sending of a notice of redemption of Securities of that Series selected for redemption and ending at the close of business on the day such notice is sent,
(b) to register the transfer of or exchange Securities of any Series selected, called or being called for redemption as a whole or the portion being redeemed of any such Securities selected, called or being called for redemption in part or
(c) to register the transfer of or exchange Securities of any Series between a record date and payment date for such Series of Securities. 

Section 2.8. Mutilated, Destroyed, Lost and Stolen Securities. 

If any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in exchange
therefor a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any
Security and (ii) such security or indemnity bond as may be required by each of them to hold itself and any of its agents harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide
purchaser, the Company shall execute and upon receipt of a Company Order the Trustee shall authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen Security, a new Security of the same Series and of like tenor and
principal amount and bearing a number not contemporaneously outstanding. 
 In case any such mutilated, destroyed, lost or stolen Security
has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 

Upon the issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Security of any Series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an
original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with
any and all other Securities of that Series duly issued hereunder. 

  
 11 

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

Section 2.9. Outstanding Securities. 

The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered to
it for cancellation, those reductions in the interest on a Global Security effected by the Trustee in accordance with the provisions hereof and those described in this Section as not outstanding. 

If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding until the Trustee receives proof satisfactory to it that
the replaced Security is held by a bona fide purchaser. 
 If the Paying Agent (other than the Company, a Subsidiary of the Company or an
Affiliate of the Company) holds on the Maturity of Securities of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease to be outstanding and interest on them ceases to
accrue. 
 The Company may purchase or otherwise acquire the Securities, whether by open market purchases, negotiated transactions or
otherwise. A Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security (but see Section 2.10 below). 

In determining whether the Holders of the requisite principal amount of outstanding Securities have given any request, demand, authorization,
direction, notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such
determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 6.2. 

Section 2.10. Treasury Securities. 

In determining whether the Holders of the required principal amount of Securities of a Series have concurred in any request, demand,
authorization, direction, notice, consent or waiver, Securities of a Series owned by the Company or any Affiliate of the Company shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on
any such request, demand, authorization, direction, notice, consent or waiver only Securities of a Series that a Responsible Officer of the Trustee knows are so owned shall be so disregarded. 

Section 2.11. Temporary Securities. 

Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities upon a
Company Order. Temporary Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the
Trustee upon receipt of a Company Order shall authenticate definitive Securities of the same Series and date of maturity in exchange for temporary Securities. Until so exchanged, temporary securities shall have the same rights under this Indenture
as the definitive Securities. 

  
 12 

 Section 2.12. Cancellation. 

The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee
any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee shall cancel all Securities surrendered for transfer, exchange, payment, replacement or cancellation and shall destroy such canceled Securities
(subject to the record retention requirements of the Exchange Act and the Trustee) and deliver a certificate of such cancellation to the Company upon written request of the Company. The Company may not issue new Securities to replace Securities that
it has paid or delivered to the Trustee for cancellation. 
 Section 2.13. Defaulted Interest. 

If the Company defaults in a payment of interest on a Series of Securities, it shall pay the defaulted interest, plus, to the extent permitted
by law, any interest payable on the defaulted interest, to the persons who are Holders of the Series on a subsequent special record date. The Company shall fix the record date and payment date. At least ten days before the special record date, the
Company shall send to the Trustee and to each Holder of the Series a notice that states the special record date, the payment date and the amount of interest to be paid. The Company may pay defaulted interest in any other lawful manner. 

Section 2.14. Global Securities. 

2.14.1. Terms of Securities. A Board Resolution, a supplemental indenture hereto or an Officer’s Certificate shall establish
whether the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depositary for such Global Security or Securities. 

2.14.2. Transfer and Exchange. Notwithstanding any provisions to the contrary contained in Section 2.7 of the Indenture and in
addition thereto, any Global Security shall be exchangeable pursuant to Section 2.7 of the Indenture for Securities registered in the names of Holders other than the Depositary for such Security or its nominee only if (i) such Depositary
notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency registered under the Exchange Act, and, in either case, the Company fails to
appoint a successor Depositary registered as a clearing agency under the Exchange Act within 90 days of such event or (ii) the Company executes and delivers to the Trustee an Officer’s Certificate to the effect that such Global Security
shall be so exchangeable. Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in such names as the Depositary shall direct in writing in an aggregate principal amount equal to
the principal amount of the Global Security with like tenor and terms. 

  
 13 

 Except as provided in this Section 2.14.2, a Global Security may not be transferred
except as a whole by the Depositary with respect to such Global Security to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by the Depositary or any such nominee to a
successor Depositary or a nominee of such a successor Depositary. 
 None of the Trustee or any Agent shall have any obligation or duty to
monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among Depositary
participants, members or beneficial owners in any Global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of,
this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 
 None of the
Trustee or any Agent shall have any responsibility or obligation to any beneficial owner of a Global Security, a member of, or a participant in the Depositary or other Person with respect to the accuracy of the records of the Depositary or its
nominee or of any participant or member thereof, with respect to any ownership interest in any Security or with respect to the delivery to any participant, member, beneficial owner or other Person (other than the Depositary) of any notice (including
any notice of optional redemption) or the payment of any amount, under or with respect to such Security. 
 2.14.3. Legends. Any
Global Security issued hereunder shall bear a legend in substantially the following form: 
 “THIS SECURITY IS A GLOBAL SECURITY WITHIN
THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS
NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, 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 A SUCCESSOR DEPOSITARY.” 
 In
addition, so long as the Depository Trust Company (“DTC”) is the Depositary, each Global Security registered in the name of DTC or its nominee shall bear a legend in substantially the following form: 

“UNLESS THIS GLOBAL SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY GLOBAL SECURITY 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.” 

  
 14 

 2.14.4. Acts of Holders. The Depositary, as a Holder, may appoint agents and
otherwise authorize participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under the Indenture. 

2.14.5. Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated by
Section 2.2, payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof. 
 2.14.6.
Agent Members. The registered Holder of a Security will be treated as the owner of such Security for all purposes and only registered Holders shall have rights under this Indenture and the Securities. Members of, or participants in, the
Depositary (“Agent Members”) and persons who hold beneficial interests in a Global Security through an Agent Member shall have no rights under this Indenture with respect to any Global Security held on their behalf by the
Depositary. The Depositary may be treated by the Company, the Trustee, the Paying Agent, the Registrar and any agent of the foregoing as the absolute owner of the Global Securities for all purposes whatsoever. Notwithstanding the foregoing, nothing
herein shall prevent the Company, the Trustee, the Paying Agent, the Registrar or any agent of the foregoing from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the
Depositary and its Agent Members, the operation of customary practices of such Depositary governing the exercise of the rights of a Holder of a beneficial interest in any Global Security. 

Section 2.15. 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; provided that 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 elements of identification printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. 

ARTICLE III. 
 REDEMPTION 

Section 3.1. Notice to Trustee. 

The Company may, with respect to any Series of Securities, reserve the right to redeem and pay the Series of Securities or may covenant to
redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided for in such Securities. If a Series of Securities is redeemable and the Company wants or is obligated to
redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms of such Securities, it shall notify the Trustee in writing of the redemption date and the principal amount of the Series of Securities to be
redeemed. The Company shall give the notice at least 15 days before the redemption date (or such shorter period as may be acceptable to the Trustee). 

  
 15 

 Section 3.2. Selection of Securities to be Redeemed. 

Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, if
less than all the Securities of a Series are to be redeemed, the Securities of the Series to be redeemed will be selected as follows: (a) if the Securities are in the form of Global Securities, in accordance with the procedures of the
Depositary, (b) if the Securities are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange, if any, on which the Securities are listed or (c) if not otherwise
provided for under clause (a) or (b) in the manner that the Trustee deems fair and appropriate, including by lot or other method, unless otherwise required by law or applicable stock exchange requirements, subject, in the case of Global
Securities, to the applicable rules and procedures of the Depositary. The Securities to be redeemed shall be selected from Securities of the Series outstanding not previously called for redemption. Portions of the principal of Securities of the
Series that have denominations larger than $1,000 may be selected for redemption. Securities of the Series and portions of them it selected for redemption shall be in amounts of $1,000 or whole multiples of $1,000 or, with respect to Securities of
any Series issuable in other denominations pursuant to Section 2.2.10, the minimum principal denomination for each Series and the authorized integral multiples thereof. Provisions of this Indenture that apply to Securities of a Series called
for redemption also apply to portions of Securities of that Series called for redemption. Neither the Trustee nor the Paying Agent shall be liable for any selection made by it in accordance with this paragraph (including the procedures of the
Depositary). 
 Section 3.3. Notice of Redemption. 

Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, at
least 15 days but not more than 60 days before a redemption date, the Company shall send or cause to be sent by first-class mail or electronically, in accordance with the procedures of the Depositary, a notice of redemption to each Holder whose
Securities are to be redeemed. 
 The notice shall identify the Securities of the Series to be redeemed and shall state: 

(a) the redemption date; 

(b) the redemption price; 

(c) the name and address of the Paying Agent; 

(d) if any Securities are being redeemed in part, the portion of the principal amount of such Securities to be redeemed and
that, after the redemption date and upon surrender of such Security, a new Security or Securities in principal amount equal to the unredeemed portion of the original Security shall be issued in the name of the Holder thereof upon cancellation of the
original Security; 

  
 16 

 (e) that Securities of the Series called for redemption must be surrendered
to the Paying Agent to collect the redemption price; 
 (f) that interest on Securities of the Series called for redemption
ceases to accrue on and after the redemption date unless the Company defaults in the deposit of the redemption price; 
 (g)
the “CUSIP” number, if any; and 
 (h) any other information as may be required by the terms of the particular
Series or the Securities of a Series being redeemed. 
 At the Company’s request, the Trustee shall give the notice of redemption in
the Company’s name and at its expense, provided, however, that the Company has delivered to the Trustee, at least 10 days (unless a shorter time shall be acceptable to the Trustee) prior to the notice date, an Officer’s Certificate
requesting that the Trustee give such notice and setting forth the information to be stated in such notice and the form of such notice. 

Section 3.4. Effect of Notice of Redemption. 

Once notice of redemption is sent as provided in Section 3.3, Securities of a Series called for redemption become due and payable on the
redemption date and at the redemption price. Except as otherwise provided in the supplemental indenture, Board Resolution or Officer’s Certificate for a Series, a notice of redemption may not be conditional. Upon surrender to the Paying Agent,
such Securities shall be paid at the redemption price plus accrued interest to the redemption date. 
 Section 3.5. Deposit of
Redemption Price. 
 On or before 11:00 a.m., New York City time, on the redemption date, the Company shall deposit with the Paying Agent
money sufficient to pay the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date. 

Section 3.6. Securities Redeemed in Part. 

Upon surrender of a Security that is redeemed in part, the Trustee shall authenticate for the Holder a new Security of the same Series and the
same maturity equal in principal amount to the unredeemed portion of the Security surrendered. 
 ARTICLE IV. 

COVENANTS 

Section 4.1. Payment of Principal and Interest. 

The Company covenants and agrees for the benefit of the Holders of each Series of Securities that it will duly and punctually pay the principal
of and interest, if any, on the Securities of that Series in accordance with the terms of such Securities and this Indenture. On or before 11:00 a.m., New York City time, on the applicable payment date, the Company shall deposit with the Paying
Agent money sufficient to pay the principal of and interest, if any, on the Securities of each Series in accordance with the terms of such Securities and this Indenture. 

  
 17 

 Section 4.2. SEC Reports. 

To the extent any Securities of a Series are outstanding, the Company shall deliver to the Trustee within 15 days after it files them with the
SEC 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 SEC may by rules and regulations prescribe) which the Company is required to file with the SEC pursuant
to Section 13 or 15(d) of the Exchange Act. The Company also shall comply with the other provisions of TIA § 314(a). Reports, information and documents filed with the SEC via the EDGAR system will be deemed to be delivered to the Trustee
as of the time of such filing via EDGAR for purposes of this Section 4.2. 
 Delivery of reports, information and documents to the
Trustee under this Section 4.2 is for informational purposes only and the Trustee’s receipt of the foregoing shall not constitute constructive or actual notice of any information contained therein or determinable from information contained
therein, including the Company’s compliance with any of the covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). All such reports, information or documents referred to in this
Section 4.2 that the Company files with the SEC via the SEC’s EDGAR system shall be deemed to be filed with the Trustee and transmitted to Holders at the time such reports, information or documents are filed via the EDGAR system (or any
successor system). 
 Section 4.3. Compliance Certificate. 

To the extent any Securities of a Series are outstanding, the Company shall deliver to the Trustee, within 120 days after the end of each
fiscal year of the Company, an Officer’s Certificate stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officer with a view to
determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to such Officer signing such certificate, that to the best of his/her knowledge the Company has kept, observed,
performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions hereof (or, if a Default or Event of Default shall have occurred,
describing all such Defaults or Events of Default of which the Officer may have knowledge). 
 Section 4.4. Stay, Extension and
Usury Laws. 
 The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, plead or in any
manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture or the Securities; and the
Company (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the
Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted. 

  
 18 

 ARTICLE V. 

SUCCESSORS 

Section 5.1. When Company May Merge, Etc. 

The Company shall not consolidate with or merge with or into, or convey, transfer or lease all or substantially all of its properties and
assets to, any person (a “successor person”) unless: 
 (a) the Company is the surviving entity or the
successor person (if other than the Company) is a corporation, partnership, trust or other entity organized and validly existing under the laws of any U.S. domestic jurisdiction and expressly assumes by supplemental indenture the Company’s
obligations on the Securities and under this Indenture; and 
 (b) immediately after giving effect to the transaction, no
Default or Event of Default, shall have occurred and be continuing. 
 The Company shall deliver to the Trustee prior to the consummation of
the proposed transaction an Officer’s Certificate to the foregoing effect and an Opinion of Counsel stating that the proposed transaction and any supplemental indenture comply with this Indenture. 

Notwithstanding the above, any Subsidiary of the Company may consolidate with, merge into or transfer all or part of its properties to the
Company. Neither an Officer’s Certificate nor an Opinion of Counsel shall be required to be delivered in connection therewith. 

Section 5.2. Successor Corporation Substituted. 

Upon any consolidation or merger, or any sale, lease, conveyance or other disposition of all or substantially all of the assets of the Company
in accordance with Section 5.1, the successor corporation formed by such consolidation or into or with which the Company is merged or to which such sale, lease, conveyance or other disposition is made shall succeed to, and be substituted for,
and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor person has been named as the Company herein; provided, however, that the predecessor Company in the case of a sale,
conveyance or other disposition (other than a lease) shall be released from all obligations and covenants under this Indenture and the Securities. 

  
 19 

 ARTICLE VI. 

DEFAULTS AND REMEDIES 

Section 6.1. Events of Default. 

“Event of Default,” wherever used herein with respect to Securities of any Series, means any one of the following events,
unless in the establishing Board Resolution, supplemental indenture or Officer’s Certificate it is provided that such Series shall not have the benefit of said Event of Default: 

(a) default in the payment of any interest on any Security of that Series when it becomes due and payable, and continuance of
such default for a period of 30 days (unless the entire amount of such payment is deposited by the Company with the Trustee or with a Paying Agent prior to 11:00 a.m., New York City time, on the
30th day of such period); 
 (b) default in the payment of principal of
any Security of that Series at its Maturity; 
 (c) default in the performance or breach of any covenant or warranty of the
Company in this Indenture (other than defaults pursuant to paragraph (a) or (b) above or pursuant to a covenant or warranty that has been included in this Indenture solely for the benefit of a Series of Securities other than that Series), which
default continues uncured for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the outstanding
Securities of 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) the Company pursuant to or within the meaning of any Bankruptcy Law: 

(i) commences a voluntary case, 

(ii) consents to the entry of an order for relief against it in an involuntary case, 

(iii) consents to the appointment of a Custodian of it or for all or substantially all of its property, 

(iv) makes a general assignment for the benefit of its creditors, or 

(v) generally is unable to pay its debts as the same become due; 

(e) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(i) is for relief against the Company in an involuntary case, 

(ii) appoints a Custodian of the Company or for all or substantially all of its property, or 

(iii) orders the liquidation of the Company, 

and the order or decree remains unstayed and in effect for 60 days; or 

  
 20 

 (f) any other Event of Default provided with respect to Securities of that
Series, which is specified in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, in accordance with Section 2.2.18. 

The term “Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law for the relief of debtors. The term
“Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 
 The Company
will provide the Trustee written notice of any Default or Event of Default within 30 days of becoming aware of the occurrence of such Default or Event of Default, which notice will describe in reasonable detail the status of such Default or Event of
Default and what action the Company is taking or proposes to take in respect thereof. 
 Section 6.2. Acceleration of Maturity;
Rescission and Annulment. 
 If an Event of Default with respect to Securities of any Series at the time outstanding occurs and is
continuing (other than an Event of Default referred to in Section 6.1(d) or (e)) then in every such case the Trustee or the Holders of not less than 25% in principal amount of the outstanding Securities of that Series may declare the principal
amount (or, if any Securities of that Series are Discount Securities, such portion of the principal amount as may be specified in the terms of such Securities) of and accrued and unpaid interest, if any, on all of the Securities of that Series to be
due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) and accrued and unpaid interest, if any, shall become immediately
due and payable. If an Event of Default specified in Section 6.1(d) or (e) shall occur, the principal amount (or specified amount) of and accrued and unpaid interest, if any, on all outstanding Securities shall ipso facto become and
be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. 
 At any time after such a
declaration of acceleration with respect to any Series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount
of the outstanding Securities of that Series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if all Events of Default with respect to Securities of that Series, other than the non-payment of the principal and interest, if any, of Securities of that Series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 6.13. 

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

Section 6.3. Collection of Indebtedness and Suits for Enforcement by Trustee. 

The Company covenants that if: 

(a) default is made in the payment of any interest on any Security when such interest becomes due and payable and such default
continues for a period of 30 days, 

  
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 (b) default is made in the payment of principal of any Security at the
Maturity thereof, or 
 (c) default is made in the deposit of any sinking fund payment, if any, when and as due by the terms
of a Security, 
 then, the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount
then due and payable on such Securities for principal and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and any overdue interest at the rate or rates prescribed therefor in
such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the compensation, reasonable expenses, disbursements and advances of the Trustee, its agents and counsel.

 If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may
institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor upon such Securities and collect the moneys
adjudged or deemed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 

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

Section 6.4. Trustee May File Proofs of Claim. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be due
and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in
such proceeding or otherwise, 
 (a) to file and prove a claim for the whole amount of principal and interest owing and
unpaid in respect of the Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the compensation, reasonable expenses, disbursements and advances of
the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and 
 (b) to collect and
receive any moneys or other property payable or deliverable on any such claims and to distribute the same, 

  
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 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any
such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for
the compensation, reasonable expenses, disbursements and advances of the Trustee, its agents and counsel and any other amounts due the Trustee under Section 7.7. 

Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any
plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

Section 6.5. Trustee May Enforce Claims Without Possession of Securities. 

All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of
any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after
provision for the payment of the compensation, reasonable expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered.

 Section 6.6. Application of Money Collected. 

Any money or property collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by
the Trustee and, in case of the distribution of such money or property on account of principal or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

 First: To the payment of all amounts due the Trustee under Section 7.7; and 

Second: To the payment of the amounts then due and unpaid for principal of and interest on the Securities in respect of which or for the
benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and interest, respectively; and 

Third: To the Company. 

Section 6.7. Limitation on Suits. 

No Holder of any Security of any Series shall have any right to institute any proceeding, judicial or otherwise, with respect to this
Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 
 (a) such Holder has
previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that Series; 

  
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 (b) the Holders of not less than 25% in principal amount of the outstanding
Securities of that Series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(c) such Holder or Holders have offered to the Trustee indemnity or security satisfactory to the Trustee against the costs,
expenses and liabilities which might be incurred by the Trustee in compliance with such request; 
 (d) the Trustee for 60
days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and 
 (e)
no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the outstanding Securities of that Series; 

it being understood, intended and expressly covenanted by the Holder of every Security with every other Holder and the Trustee that no one or more of such
Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference
over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such Holders of the applicable Series. 

Section 6.8. Unconditional Right of Holders to Receive Principal and Interest. 

Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to
receive payment of the principal of and interest, if any, on such Security on the Maturity of such Security, including the Stated Maturity expressed in such Security (or, in the case of redemption, on the redemption date) and to institute suit for
the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 

Section 6.9. Restoration of Rights and Remedies. 

If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been
discontinued or abandoned for any reason or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored
severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 

Section 6.10. Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in Section 2.8,
no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every
other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not, to the extent permitted by law, prevent the concurrent
assertion or employment of any other appropriate right or remedy. 

  
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 Section 6.11. Delay or Omission Not Waiver. 

No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default shall
impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often
as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 Section 6.12. Control by Holders. 

The Holders of a majority in principal amount of the outstanding Securities of any Series shall have the right to direct the time, method and
place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of such Series, provided that 

(a) such direction shall not be in conflict with any rule of law or with this Indenture, 

(b) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, 

(c) subject to the provisions of Section 7.1, the Trustee shall have the right to decline to follow any such direction if
the Trustee in good faith shall, by a Responsible Officer of the Trustee, determine that the proceeding so directed would involve the Trustee in personal liability, and 

(d) prior to taking any action as directed under this Section 6.12, the Trustee shall be entitled to indemnity
satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. 

Section 6.13. Waiver of Past Defaults. 

The Holders of not less than a majority in principal amount of the outstanding Securities of any Series may on behalf of the Holders of all the
Securities of such Series, by written notice to the Trustee and the Company, waive any past Default hereunder with respect to such Series and its consequences, except a Default in the payment of the principal of or interest on any Security of such
Series (provided, however, that the Holders of a majority in principal amount of the outstanding Securities of any Series may rescind an acceleration and its consequences, including any related payment default that resulted from such acceleration).
Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair
any right consequent thereon. 

  
 25 

 Section 6.14. Undertaking for Costs. 

All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court
may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, 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, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of
the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Company, to any suit instituted by the Trustee, to any suit instituted by any Holder or group of Holders, holding in
the aggregate more than 10% in principal amount of the outstanding Securities of any Series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of or interest on any Security on or after the Maturity of such
Security, including the Stated Maturity expressed in such Security (or, in the case of redemption, on the redemption date). 
 ARTICLE VII.

 TRUSTEE 

Section 7.1. Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by
this Indenture and use the same degree of care and skill in their exercise as a prudent 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: 

(i) The Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and no implied
covenants or obligations will be read into this Indenture against the Trustee. 
 (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 Officer’s Certificates or Opinions of Counsel furnished to the Trustee and conforming to the requirements of
this Indenture; however, in the case of any such Officer’s Certificates or Opinions of Counsel which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such Officer’s
Certificates and Opinions of Counsel to determine whether or not they conform to the form 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 does not limit the effect of paragraph (b) of this Section. 

  
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 (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. 

(iii) The Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it with respect to
Securities of any Series in good faith in accordance with the direction of the Holders of a majority in principal amount of the outstanding Securities of such Series relating to the time, method and place of conducting any proceeding for any remedy
available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such Series in accordance with Section 6.12. 

(d) Every provision of this Indenture that in any way relates to the Trustee is subject to paragraph (a), (b) and (c) of
this Section. 
 (e) The Trustee may refuse to perform any duty or exercise any right or power unless it receives indemnity
satisfactory to it against the costs, expenses and liabilities which might be incurred by it in performing such duty or exercising such right or power. 

(f) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with
the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

(g) No provision of this Indenture shall require the Trustee to risk its own funds or otherwise incur any financial liability
in the performance of any of its duties, or in the exercise of any of its rights or powers, if adequate indemnity against such risk is not assured to the Trustee in its satisfaction. 

(h) The Paying Agent, the Notice Agent, the Registrar, any authenticating agent and the Trustee when acting in any other
capacity hereunder shall be entitled to the protections and immunities as are set forth in this Article VII. 
 (i) The
rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be indemnified, are extended to, and will be enforceable by, the Trustee in each of its capacities under this Indenture. 

Section 7.2. Rights of Trustee. 

(a) The Trustee may rely on and shall be protected in acting or refraining from acting upon any document (whether in its
original or facsimile form) 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 Officer’s Certificate or an Opinion of Counsel or
both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel. 

  
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 (c) The Trustee may act through agents and shall not be responsible for the
misconduct or negligence of any agent appointed with due care. No Depositary shall be deemed an agent of the Trustee, and the Trustee shall not be responsible for any act or omission by any Depositary. 

(d) 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. 
 (e) The Trustee may consult with counsel 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. 

(f) 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 of Securities unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such
request or direction. 
 (g) The Trustee shall not be bound to make any investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such further
inquiry or investigation into such facts or matters as it may see fit. 
 (h) The Trustee shall not be deemed to have notice
of any Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by a Responsible Officer at the Corporate Trust Office of
the Trustee, and such notice references the Securities generally or the Securities of a particular Series and this Indenture. 

(i) In no event shall the Trustee be liable to any person for special, punitive, indirect, consequential or incidental loss or
damage of any kind whatsoever (including but not limited to lost profits), even if the Trustee has been advised of the likelihood of such loss or damage. 

(j) The permissive right of the Trustee to take the actions permitted by this Indenture shall not be construed as an obligation
or duty to do so. 
 (k) The Trustee will not be required to give any bond or surety in respect of the execution of this
Indenture or otherwise. 
 Section 7.3. 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 an
Affiliate of the Company with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee is also subject to Sections 7.10 and 7.11. 

  
 28 

 Section 7.4. Trustee’s Disclaimer. 

The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities. The Trustee shall not be accountable
for the Company’s use of the proceeds from the Securities and shall not be responsible for any statement in the Securities other than its certificate of authentication. 

Section 7.5. Notice of Defaults. 

If a Default or Event of Default occurs and is continuing with respect to the Securities of any Series and if it is known to a Responsible
Officer of the Trustee, the Trustee shall send to each Holder of the Securities of that Series notice of a Default or Event of Default within 90 days after it occurs or, if later, after a Responsible Officer of the Trustee has knowledge of such
Default or Event of Default. Except in the case of a Default or Event of Default in payment of principal of or interest on any Security of any Series, the Trustee may withhold the notice if and so long as its corporate trust committee or a committee
of its Responsible Officers in good faith determines that withholding the notice is in the interests of Holders of that Series. The Trustee will not be deemed to have notice or be charged with knowledge of any Default or Event of Default unless
written notice thereof has been received by a Responsible Officer, and such notice references the applicable Series of Securities and this Indenture and states on its face that a Default or Event of Default has occurred. 

Section 7.6. Reports by Trustee to Holders. 

Within 60 days prior to each anniversary of the date of this Indenture, the Trustee shall transmit by mail to all Holders, as their names and
addresses appear on the register kept by the Registrar, a brief report dated as of such anniversary date, in accordance with, and to the extent required under, TIA § 313. 

A copy of each report at the time of its mailing to Holders of any Series shall be filed with the SEC and each national securities exchange on
which the Securities of that Series are listed. The Company shall promptly notify the Trustee in writing when Securities of any Series are listed on any national securities exchange. 

Section 7.7. Compensation and Indemnity. 

The Company shall pay to the Trustee from time to time compensation for its services as the Company and the Trustee shall from time to time
agree upon in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred by it. Such expenses shall include the reasonable compensation and expenses of the Trustee’s agents and counsel. 

The Company shall indemnify each of the Trustee and any predecessor Trustee (including for the cost of defending itself) against any cost,
expense or liability, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) incurred by it except as set forth in the next paragraph in the performance of its duties under this Indenture as Trustee or
Agent. The Trustee shall notify the Company promptly of any claim for which it 

  
 29 

 
may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder, unless and to the extent that the Company is materially prejudiced
thereby. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may have separate counsel and the Company shall pay the reasonable fees and expenses of such counsel. The Company need not pay for any settlement
made without its consent, which consent will not be unreasonably withheld. This indemnification shall apply to officers, directors, employees, shareholders and agents of the Trustee. 

The Company need not reimburse any expense or indemnify against any loss or liability incurred by the Trustee or by any officer, director,
employee, shareholder or agent of the Trustee through willful misconduct or negligence, as determined by a final decision of a court of competent jurisdiction. 

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

When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.1(d) or (e) occurs, the
expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 
 The
provisions of this Section shall survive the termination of this Indenture and the resignation or removal of the Trustee. 

Section 7.8. Replacement of Trustee. 

A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee’s
acceptance of appointment as provided in this Section. 
 The Trustee may resign with respect to the Securities of one or more Series by so
notifying the Company at least 30 days prior to the date of the proposed resignation. The Holders of a majority in principal amount of the Securities of any Series may remove the Trustee with respect to that Series by so notifying the Trustee and
the Company. The Company may remove the Trustee with respect to Securities of one or more Series if: 
 (a) the Trustee fails
to comply with Section 7.10; 
 (b) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered
with respect to the Trustee under any Bankruptcy Law; 
 (c) a Custodian or public officer takes charge of the Trustee or its
property; or 
 (d) the Trustee becomes incapable of acting. 

  
 30 

 If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any
reason, the Company shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the then outstanding Securities may appoint a successor Trustee to replace the
successor Trustee appointed by the Company. 
 If a successor Trustee with respect to the Securities of any one or more Series does not take
office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least a majority in principal amount of the Securities of the applicable Series may petition any court of competent
jurisdiction for the appointment of a successor Trustee. 
 A successor Trustee shall deliver a written acceptance of its appointment to the
retiring Trustee and to the Company. Immediately after that, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee subject to the lien provided for in Section 7.7, 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 with respect to each Series of Securities for which it is acting as Trustee under this Indenture. A successor Trustee
shall send a notice of its succession to each Holder of each such Series. Notwithstanding replacement of the Trustee pursuant to this Section 7.8, the Company’s obligations under Section 7.7 hereof shall continue for the benefit of
the retiring Trustee with respect to expenses and liabilities incurred by it for actions taken or omitted to be taken in accordance with its rights, powers and duties under this Indenture prior to such replacement. 

Section 7.9. Successor Trustee by Merger, Etc. 

Any organization or entity into which the Trustee may be merged or converted or with which it may be consolidated, or any organization or
entity resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any organization or entity succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the
Trustee hereunder, provided such organization or entity shall be otherwise qualified and eligible under Section 7.10, without the execution or filing of any paper or any further act on the part of any of the parties hereto. 

Section 7.10. Eligibility; Disqualification. 

This Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5). The Trustee shall always have a
combined capital and surplus of at least $25,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with TIA § 310(b). 

Section 7.11. Preferential Collection of Claims Against Company. 

The Trustee is subject to TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or
been removed shall be subject to TIA § 311(a) to the extent indicated. 

  
 31 

 ARTICLE VIII. 

SATISFACTION AND DISCHARGE; DEFEASANCE 

Section 8.1. Satisfaction and Discharge of Indenture. 

This Indenture shall upon Company Order be discharged with respect to the Securities of any Series and cease to be of further effect as to all
Securities of such Series (except as hereinafter provided in this Section 8.1), and the Trustee, at the expense of the Company, shall execute instruments acknowledging satisfaction and discharge of this Indenture, when 

(a) either 

(i) all Securities of such Series theretofore authenticated and delivered (other than Securities that have been destroyed, lost
or stolen and that have been replaced or paid) have been delivered to the Trustee for cancellation; or 
 (ii) all such
Securities of such Series not theretofore delivered to the Trustee for cancellation: 
 (1) have become due and payable by
reason of sending a notice of redemption or otherwise, 
 (2) will become due and payable at their Stated Maturity within
one year, 
 (3) have been called for redemption or are to be called for redemption within one year under arrangements
satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, or 

(4) are deemed paid and discharged pursuant to Section 8.3, as applicable; 

and the Company, in the case of (1), (2) or (3) above, has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust an
amount of money or U.S. Government Obligations, which amount shall be sufficient for the purpose of paying and discharging each installment of principal (including mandatory sinking fund payments or analogous payments) of and interest on all the
Securities of such Series on the dates such installments of principal or interest are due; 
 (b) the Company has paid or
caused to be paid all other sums payable hereunder by the Company; and 
 (c) the Company has delivered to the Trustee an
Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for relating to the satisfaction and discharge contemplated by this Section have been complied with. 

  
 32 

 Notwithstanding the satisfaction and discharge of this Indenture, (x) the obligations
of the Company to the Trustee under Section 7.7, (y) if money shall have been deposited with the Trustee pursuant to clause (a) of this Section, the provisions of Sections 2.4, 2.7, 2.8, 8.2 and 8.5, and (z) the rights, powers, trusts
and immunities of the Trustee hereunder and the Company’s obligations in connection therewith shall survive. 

Section 8.2. Application of Trust Funds; Indemnification. 

(a) Subject to the provisions of Section 8.5, all money and U.S. Government Obligations or Foreign Government Obligations
deposited with the Trustee pursuant to Section 8.1, 8.3 or 8.4 and all money received by the Trustee in respect of U.S. Government Obligations or Foreign Government Obligations deposited with the Trustee pursuant to Section 8.1, 8.3 or
8.4, shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee
may determine, to the persons entitled thereto, of the principal and interest for whose payment such money has been deposited with or received by the Trustee or to make mandatory sinking fund payments or analogous payments as contemplated by
Sections 8.1, 8.3 or 8.4. 
 (b) The Company shall pay and shall indemnify the Trustee (which indemnity shall survive
termination of this Indenture) against any tax, fee or other charge imposed on or assessed against U.S. Government Obligations or Foreign Government Obligations deposited pursuant to Sections 8.1, 8.3 or 8.4 or the interest and principal received in
respect of such obligations other than any payable by or on behalf of Holders. 
 (c) The Trustee shall deliver or pay to the
Company from time to time upon Company Order any U.S. Government Obligations or Foreign Government Obligations or money held by it as provided in Sections 8.3 or 8.4 which, in the opinion of a nationally recognized firm of independent certified
public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, are then in excess of the amount thereof which then would have been required to be deposited for the purpose for which such U.S. Government
Obligations or Foreign Government Obligations or money were deposited or received. This provision shall not authorize the sale by the Trustee of any U.S. Government Obligations or Foreign Government Obligations held under this Indenture. 

Section 8.3. Legal Defeasance of Securities of any Series. 

Unless this Section 8.3 is otherwise specified, pursuant to Section 2.2, to be inapplicable to Securities of any Series, the Company
shall be deemed to have paid and discharged the entire indebtedness on all the outstanding Securities of any Series on the 91st day after the date of the deposit referred to in subparagraph (d) hereof, and the provisions of this Indenture, as
it relates to such outstanding Securities of such Series, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, upon receipt of a Company Order, execute instruments acknowledging the same), except as to: 

  
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 (a) the rights of Holders of Securities of such Series to receive, from the
trust funds described in subparagraph (d) hereof, (i) payment of the principal of and each installment of principal of and interest on the outstanding Securities of such Series on the Maturity of such principal or installment of principal or
interest and (ii) the benefit of any mandatory sinking fund payments applicable to the Securities of such Series on the day on which such payments are due and payable in accordance with the terms of this Indenture and the Securities of such
Series; 
 (b) the provisions of Sections 2.4, 2.5, 2.7, 2.8, 7.7, 8.2, 8.3, 8.5 and 8.6; and 

(c) the rights, powers, trusts and immunities of the Trustee hereunder and the Company’s obligations in connection
therewith; 
 provided that, the following conditions shall have been satisfied: 

(d) the Company shall have irrevocably deposited or caused to be deposited (except as provided in Section 8.2(c)) with the
Trustee as trust funds specifically pledged as security for and dedicated solely to the benefit of the Holders of such Securities (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars and/or U.S. Government
Obligations or (ii) in the case of Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and principal in respect
thereof in accordance with their terms, will provide (and without reinvestment and assuming no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the
opinion of a nationally recognized firm of independent public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal of and interest, on and any
mandatory sinking fund payments in respect of all the Securities of such Series on the dates such installments of principal or interest and such sinking fund payments are due; 

(e) such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other
agreement or instrument to which the Company is a party or by which it is bound; 
 (f) no Default or Event of Default with
respect to the Securities of such Series shall have occurred and be continuing on the date of such deposit or during the period ending on the 91st day after such date; 

(g) the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel to the effect that
(i) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (ii) since the date of execution of this Indenture, there has been a change in the applicable Federal income tax law, in either
case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the Securities of such Series will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit, defeasance and
discharge and will be subject to Federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit, defeasance and discharge had not occurred; 

  
 34 

 (h) the Company shall have delivered to the Trustee an Officer’s
Certificate stating that the deposit was not made by the Company with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and 

(i) the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that
all conditions precedent provided for relating to the defeasance contemplated by this Section have been complied with. 

Section 8.4. Covenant Defeasance. 

Unless this Section 8.4 is otherwise specified pursuant to Section 2.2 to be inapplicable to Securities of any Series, the Company
may omit to comply with respect to the Securities of any Series with any term, provision or condition set forth under Sections 4.2, 4.3, 4.4 and 5.1 and, unless otherwise specified therein, any additional covenants specified in a supplemental
indenture for such Series of Securities or a Board Resolution or an Officer’s Certificate delivered pursuant to Section 2.2 (and the failure to comply with any such covenants shall not constitute a Default or Event of Default with respect
to such Series under Section 6.1) and the occurrence of any event specified in a supplemental indenture for such Series of Securities or a Board Resolution or an Officer’s Certificate delivered pursuant to Section 2.2 and designated
as an Event of Default shall not constitute a Default or Event of Default hereunder, with respect to the Securities of such Series, but, except as specified above, the remainder of this Indenture and such Securities will be unaffected thereby;
provided that the following conditions shall have been satisfied: 
 (a) with reference to this Section 8.4, the Company
has irrevocably deposited or caused to be irrevocably deposited (except as provided in Section 8.2(c)) with the Trustee as trust funds in trust for the purpose of making the following payments specifically pledged as security for, and dedicated
solely to, the benefit of the Holders of such Securities (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars and/or U.S. Government Obligations or (ii) in the case of Securities of such Series denominated
in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and principal in respect thereof in accordance with their terms, will provide (and without reinvestment and
assuming no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of independent certified public accountants
or investment bank expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal (including mandatory sinking fund payments or analogous payments) of and interest on all the Securities of
such Series on the dates such installments of principal or interest are due; 
 (b) such deposit will not result in a breach
or violation of, or constitute a default under, this Indenture or any other agreement or instrument to which the Company is a party or by which it is bound; 

  
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 (c) no Default or Event of Default with respect to the Securities of such
Series shall have occurred and be continuing on the date of such deposit; 
 (d) the Company shall have delivered to the
Trustee an Officers’ Certificate and an Opinion of Counsel to the effect that the Holders of the Securities of such Series will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit and covenant
defeasance and will be subject to Federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit and covenant defeasance had not occurred; 

(e) The Company shall have delivered to the Trustee an Officer’s Certificate stating the deposit was not made by the
Company with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and 
 (f) The
Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the covenant defeasance contemplated by this Section have been complied
with. 
 Section 8.5. Repayment to Company. 

Subject to applicable abandoned property law, the Trustee and the Paying Agent shall pay to the Company upon request any money held by them for
the payment of principal and interest that remains unclaimed for two years. After that, Holders entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person.

 Section 8.6. Reinstatement. 

If the Trustee or the Paying Agent is unable to apply any money deposited with respect to Securities of any Series in accordance with
Section 8.1 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 obligations of the Company under this Indenture
with respect to the Securities of such Series and under the Securities of such Series shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.1 until such time as the Trustee or the Paying Agent is permitted to
apply all such money in accordance with Section 8.1; provided, however, that if the Company has made any payment of principal of or interest on any Securities because of the reinstatement of its obligations, the Company shall be
subrogated to the rights of the Holders of such Securities to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying Agent after payment in full to the Holders. 

ARTICLE IX. 
 AMENDMENTS AND
WAIVERS 
 Section 9.1. Without Consent of Holders. 

The Company and the Trustee may amend or supplement this Indenture or the Securities of one or more Series without the consent of any Holder:

  

  
 36 

 (a) to cure any ambiguity, defect or inconsistency; 

(b) to comply with Article V; 

(c) to provide for uncertificated Securities in addition to or in place of certificated Securities; 

(d) to add guarantees with respect to Securities of any Series or secure Securities of any Series; 

(e) to surrender any of the Company’s rights or powers under this Indenture; 

(f) to add covenants or events of default for the benefit of the holders of Securities of any Series; 

(g) to comply with the applicable procedures of the applicable depositary; 

(h) to make any change that does not adversely affect the rights of any Holder; 

(i) to provide for the issuance of and establish the form and terms and conditions of Securities of any Series as permitted by
this Indenture; 
 (j) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with
respect to the Securities of one or more Series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee; or 

(k) to comply with requirements of the SEC in order to effect or maintain the qualification of this Indenture under the TIA.

 Section 9.2. With Consent of Holders. 

Subject to Section 9.3, the Company and the Trustee may enter into a supplemental indenture with the written consent of the Holders of at
least a majority in principal amount of the outstanding Securities of each Series affected by such supplemental indenture (including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series), 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 each such Series. Except as provided in
Section 6.13, and subject to Section 9.3, the Holders of at least a majority in principal amount of the outstanding Securities of any Series by notice to the Trustee (including consents obtained in connection with a tender offer or
exchange offer for the Securities of such Series) may waive compliance by the Company with any provision of this Indenture or the Securities with respect to such Series. 

It shall not be necessary for the consent of the Holders of Securities under this Section 9.2 to approve the particular form of any
proposed supplemental indenture or waiver, but it shall be sufficient if such consent approves the substance thereof. After a supplemental indenture or waiver under this section becomes effective, the Company shall send to the Holders of Securities
affected thereby, a notice briefly describing the supplemental indenture or waiver. Any failure by the Company to send such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental
indenture or waiver. 

  
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 Section 9.3. Limitations. 

Without the consent of each Holder affected, an amendment or waiver may not: 

(a) reduce the principal amount of Securities whose Holders must consent to an amendment, supplement or waiver; 

(b) reduce the rate of or extend the time for payment of interest (including default interest) on any Security; 

(c) reduce the principal or change the Stated Maturity of any Security or reduce the amount of, or postpone the date fixed for,
the payment of any sinking fund or analogous obligation; 
 (d) reduce the principal amount of Discount Securities payable
upon acceleration of the maturity thereof; 
 (e) waive a Default or Event of Default in the payment of the principal of or
interest, if any, on any Security (except a rescission of acceleration of the Securities of any Series by the Holders of at least a majority in principal amount of the outstanding Securities of such Series and a waiver of the payment default that
resulted from such acceleration); 
 (f) make the principal of or interest, if any, on any Security payable in any currency
other than that stated in the Security; 
 (g) make any change in Sections 6.8, 6.13 or 9.3 (this sentence); or 

(h) waive a redemption payment with respect to any Security, provided that such redemption is made at the Company’s
option. 
 Section 9.4. Compliance with Trust Indenture Act. 

Every amendment to this Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture hereto that complies
with the TIA as then in effect. 
 Section 9.5. Revocation and Effect of Consents. 

Until an amendment is set forth in a supplemental indenture or a waiver becomes effective, a consent to it by a Holder of a Security is a
continuing consent by the Holder and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security. However, any such
Holder or subsequent Holder may revoke the consent as to his Security or portion of a Security if the Trustee receives the notice of revocation before the date of the supplemental indenture or the date the waiver becomes effective. 

  
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 Any amendment or waiver once effective shall bind every Holder of each Series affected by
such amendment or waiver unless it is of the type described in any of clauses (a) through (h) of Section 9.3. In that case, the amendment or waiver shall bind each Holder of a Security who has consented to it and every subsequent Holder of
a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security. 
 The Company may, but shall not
be obligated to, fix a record date for the purpose of determining the Holders entitled to give their consent or take any other action described above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then
notwithstanding the second immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to give such consent or to revoke any consent previously
given or take any such action, whether or not such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 120 days after such record date. 

Section 9.6. Notation on or Exchange of Securities. 

The Company or the Trustee may, but shall not be obligated to, place an appropriate notation about an amendment or waiver on any Security of
any Series thereafter authenticated. The Company in exchange for Securities of that Series may issue and the Trustee shall authenticate upon receipt of a Company Order in accordance with Section 2.3 new Securities of that Series that reflect
the amendment or waiver. 
 Section 9.7. Trustee Protected. 

In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby
of the trusts created by this Indenture, the Trustee shall be entitled to receive, upon request, an Officer’s Certificate and/or an Opinion of Counsel complying with Sections 10.4 and 10.5 and (subject to Section 7.1) shall be fully
protected in relying upon such Officer’s Certificate and/or Opinion of Counsel. The Trustee shall sign all supplemental indentures upon delivery of such an Officer’s Certificate or Opinion of Counsel or both, except that the Trustee need
not sign any supplemental indenture that adversely affects its rights, duties, liabilities or immunities under this Indenture. 
 ARTICLE X.

 MISCELLANEOUS 

Section 10.1. Trust Indenture Act Controls. 

If any provision of this Indenture limits, qualifies or conflicts with another provision which is required or deemed to be included in this
Indenture by the TIA, such required or deemed provision shall control. 

  
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 Section 10.2. Notices. 

Any notice or communication by the Company or the Trustee to the other, or by a Holder to the Company or the Trustee, is duly given if in
writing and delivered in person or mailed by first-class mail (registered or certified, return receipt requested), email or overnight air courier guaranteeing next day delivery, to the others’ address:

 if to the Company: 
 Funko, Inc. 

2802 Wetmore Avenue 
 Everett,
Washington 98201 
 Attention: Chief Legal Officer 

Telephone: (425) 783-3616 

with a copy to: 
 Latham & Watkins LLP

 1271 Avenue of the Americas 

New York, New York 10020 

Attention: Marc D. Jaffe, Ian D. Schuman, Benjamin J. Cohen and Lindsey A. Mills 

Telephone: (212) 906-1200 

if to the Trustee: 
 [_____] 

Attention: [____] 
 Telephone:
[____] 
 with a copy to: 
 [_____] 

Attention: [____] 
 Telephone:
[____] 
 The Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or
communications. 
 Any notice or communication to a Holder shall be sent electronically or by first-class mail or overnight air courier to
his, her or its address shown on the register kept by the Registrar, in accordance with the procedures of the Depositary. Failure to send a notice or communication to a Holder of any Series or any defect in it shall not affect its sufficiency with
respect to other Holders of that or any other Series. 
 If a notice or communication is sent or published in the manner provided above,
within the time prescribed, it is duly given, whether or not the Holder receives it. 
 If the Company sends a notice or communication to
Holders, it shall send a copy to the Trustee and each Agent at the same time. 

  
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 The Trustee shall not have any duty to confirm that the person sending any notice,
instruction or other communication by electronic transmission (including by e-mail, facsimile transmission, web portal or other electronic methods) is, in fact, a person authorized to do so. Electronic
signatures believed by the Trustee to comply with the ESIGN Act of 2000 or other applicable law (including electronic images of handwritten signatures and digital signatures provided by DocuSign, Orbit, Adobe Sign or any other digital signature
provider acceptable to the Trustee) shall be deemed original signatures for all purposes. The Company assumes all risks arising out of the use of electronic signatures and electronic methods to send communications to the Trustee, including without
limitation the risk of the Trustee acting on an unauthorized communication, and the risk of interception or misuse by third parties. 

Notwithstanding any other provision of this Indenture or any Security, where this Indenture or any Security provides for notice of any event
(including any notice of redemption) to a Holder of a Global Security (whether by mail or otherwise), such notice shall be sufficiently given to the Depositary for such Security (or its designee) pursuant to the customary procedures of such
Depositary. 
 Section 10.3. Communication by Holders with Other Holders. 

Holders of any Series may communicate pursuant to TIA § 312(b) with other Holders of that Series or any other Series with respect to their
rights under this Indenture or the Securities of that Series or all Series. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c). 

Section 10.4. Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the
Trustee: 
 (a) an Officer’s Certificate stating that, in the opinion of the signers, all conditions precedent, if any,
provided for in this Indenture relating to the proposed action have been complied with; and 
 (b) an Opinion of Counsel
stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 

Section 10.5. Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate
provided pursuant to TIA § 314(a)(4)) shall comply with the provisions of TIA § 314(e) and 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; 

  
 41 

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

(d) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with. 

Section 10.6. Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or a meeting of Holders of one or more Series. Any Agent may make reasonable rules and set
reasonable requirements for its functions. 
 Section 10.7. Legal Holidays. 

If a payment date for any payment made under this Indenture is not a Business Day, payment may be made on the next succeeding Business Day, and
no interest shall accrue for the intervening period. 
 Section 10.8. No Recourse Against Others. 

A director, officer, employee or stockholder (past or present), as such, of the Company shall not have any liability for any obligations of the
Company under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder by accepting a Security waives and releases all such liability. The waiver and release are part of
the consideration for the issue of the Securities. 
 Section 10.9. Counterparts. 

This Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or electronic format (e.g., “.pdf” or
“.tif”) transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile
or electronic format (e.g., “.pdf” or “.tif”) shall be deemed to be their original signatures for all purposes. 

Unless otherwise provided herein or in any other Securities, the words “execute”, “execution”, “signed” and
“signature” and words of similar import used in or related to any document to be signed in connection with this Indenture, any Securities or any of the transactions contemplated hereby (including amendments, waivers, consents and other
modifications) shall be deemed to include electronic signatures and the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature in ink or the use of a
paper-based recordkeeping system, as applicable, to the fullest extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records
Act and any other similar state laws based on the Uniform Electronic Transactions Act. 

  
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 Section 10.10. Governing Law; Waiver of Jury Trial; Consent to
Jurisdiction. 
 THIS INDENTURE AND THE SECURITIES, INCLUDING ANY CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THE INDENTURE OR
THE SECURITIES, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 THE COMPANY, THE TRUSTEE AND THE HOLDERS (BY THEIR
ACCEPTANCE OF THE SECURITIES) EACH HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 
 Any legal suit, action or proceeding arising out of or based upon this Indenture or the
transactions contemplated hereby may be instituted in the federal courts of the United States of America located in the City of New York or the courts of the State of New York in each case located in the City of New York (collectively, the
“Specified Courts”), and each party irrevocably submits to the non-exclusive jurisdiction of such courts in any such suit, action or proceeding. Service of any process, summons, notice or
document by mail (to the extent allowed under any applicable statute or rule of court) to such party’s address set forth above shall be effective service of process for any suit, action or other proceeding brought in any such court. The
Company, the Trustee and the Holders (by their acceptance of the Securities) each hereby irrevocably and unconditionally waive any objection to the laying of venue of any suit, action or other proceeding in the Specified Courts and irrevocably and
unconditionally waive and agree not to plead or claim any such suit, action or other proceeding has been brought in an inconvenient forum. 

Section 10.11. No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary of the Company. Any such
indenture, loan or debt agreement may not be used to interpret this Indenture. 
 Section 10.12. Successors. 

All agreements of the Company in this Indenture and the Securities shall bind its successor. All agreements of the Trustee in this Indenture
shall bind its successor. 
 Section 10.13. Severability. 

In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 10.14. Table of
Contents, Headings, Etc. 
 The Table of Contents, Cross Reference Table, headings of the Articles and Sections of this Indenture have
been inserted for convenience of reference only, are not to be considered a part hereof and shall in no way modify or restrict any of the terms or provisions hereof. 

  
 43 

 Section 10.15. Securities in a Foreign Currency. 

Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered pursuant to
Section 2.2 of this Indenture with respect to a particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series
or all Series affected by a particular action at the time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in more than one currency, then the principal amount of Securities of such Series which
shall be deemed to be outstanding for the purpose of taking such action shall be determined by converting any such other currency into a currency that is designated upon issuance of any particular Series of Securities. Unless otherwise specified in
a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered pursuant to Section 2.2 of this Indenture with respect to a particular Series of Securities, such conversion shall be at the spot rate for the
purchase of the designated currency as published in The Financial Times in the “Currency Rates” section (or, if The Financial Times is no longer published, or if such information is no longer available in The Financial Times, such source
as may be selected in good faith by the Company) on any date of determination. The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a Series denominated in currency other than
Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture. 
 All decisions and
determinations provided for in the preceding paragraph shall, in the absence of manifest error, to the extent permitted by law, be conclusive for all purposes and irrevocably binding upon the Trustee and all Holders. 

Section 10.16. Judgment Currency. 

The Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining
judgment in any court it is necessary to convert the sum due in respect of the principal of or interest or other amount on the Securities of any Series (the “Required Currency”) into a currency in which a judgment will be rendered
(the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in the City of New York the Required Currency with the Judgment Currency on the
day on which final unappealable judgment is entered, unless such day is not a New York Banking Day, then the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in the City of New
York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the Required Currency
(i) shall not be discharged or satisfied by any tender, any recovery pursuant to any judgment (whether or not entered in accordance with subsection (a)), in any currency other than the Required Currency, except to the extent that such tender or
recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the
purpose of recovering in the Required Currency 

  
 44 

 
the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable, and (iii) shall not be affected by judgment being
obtained for any other sum due under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a legal holiday in the City of New York on which banking institutions are
authorized or required by law, regulation or executive order to close. 
 Section 10.17. Force Majeure. 

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

Section 10.18. U.S.A. Patriot Act. 

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

SINKING FUNDS 

Section 11.1. Applicability of Article. 

The provisions of this Article shall be applicable to any sinking fund for the retirement of the Securities of a Series if so provided by the
terms of such Securities pursuant to Section 2.2, except as otherwise permitted or required by any form of Security of such Series issued pursuant to this Indenture. 

The minimum amount of any sinking fund payment provided for by the terms of the Securities of any Series is herein referred to as a
“mandatory sinking fund payment” and any other amount provided for by the terms of Securities of such Series is herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of
any Series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 11.2. Each sinking fund payment shall be applied to the redemption of Securities of any Series as provided for by the terms of the
Securities of such Series. 

  
 45 

 Section 11.2. Satisfaction of Sinking Fund Payments with Securities. 

The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made
pursuant to the terms of such Securities (1) deliver outstanding Securities of such Series to which such sinking fund payment is applicable (other than any of such Securities previously called for mandatory sinking fund redemption) and
(2) apply as credit Securities of such Series to which such sinking fund payment is applicable and which have been repurchased by the Company or redeemed either at the election of the Company pursuant to the terms of such Series of Securities
(except pursuant to any mandatory sinking fund) or through the application of permitted optional sinking fund payments or other optional redemptions pursuant to the terms of such Securities, provided that such Securities have not been previously so
credited. Such Securities shall be received by the Trustee, together with an Officer’s Certificate with respect thereto, not later than 15 days prior to the date on which the Trustee begins the process of selecting Securities for redemption and
shall be credited for such purpose by the Trustee at the price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. If as a result of the delivery
or credit of Securities in lieu of cash payments pursuant to this Section 11.2, the principal amount of Securities of such Series to be redeemed in order to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not
call Securities of such Series for redemption, except upon receipt of a Company Order that such action be taken, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment,
provided, however, that the Trustee or such Paying Agent shall from time to time upon receipt of a Company Order pay over and deliver to the Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by
the Company to the Trustee of Securities of that Series purchased by the Company having an unpaid principal amount equal to the cash payment required to be released to the Company. 

Section 11.3. Redemption of Securities for Sinking Fund. 

Not less than 45 days (unless otherwise indicated in the Board Resolution, supplemental indenture hereto or Officer’s Certificate in
respect of a particular Series of Securities) prior to each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee an Officer’s Certificate specifying the amount of the next ensuing mandatory sinking
fund payment for that Series pursuant to the terms of that Series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting of Securities of that
Series pursuant to Section 11.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the Company shall thereupon be obligated to pay the amount therein specified. Not less than 30 days
(unless otherwise indicated in the Board Resolution, Officer’s Certificate or supplemental indenture in respect of a particular Series of Securities) before each such sinking fund payment date the Securities to be redeemed upon such sinking
fund payment date will be selected in the manner specified in Section 3.2, and the Company shall send or cause to be sent a notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in
and in accordance with Section 3.3. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 3.4, 3.5 and 3.6. 

  
 46 

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

			
	Funko, Inc.
		
	By:	 	          

		 	Name:
		 	Its:
	
	[_____], as Trustee
		
	By:	 	          

		 	Name:
		 	Its:

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