Document:

Exhibit 4.1

 

DESCRIPTION OF THE REGISTRANT’S
SECURITIES

REGISTERED PURSUANT TO SECTION 12 OF
THE

SECURITIES EXCHANGE ACT OF 1934

 

Bespoke Extracts, Inc. (the “Company”) has one class
of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended, which is the Company’s common
stock, $0.001 par value per share.

 

Description of Common Stock

 

The authorized capital stock of the
Company consists of 3,000,000,000 shares of common stock at a par value of $0.001 per share, and 50,000,000 shares of blank check
preferred stock, par value $0.001.  

 

Holders of the Company’s common
stock are entitled to one vote for each share on all matters submitted to a stockholder vote. Holders of common stock do not
have cumulative voting rights. Therefore, subject to the rights of any outstanding preferred stock, holders of a majority
of the shares of common stock voting for the election of directors can elect all of the directors.  Holders of the Company’s
common stock representing a majority of the voting power of the Company’s capital stock issued, outstanding and entitled
to vote, represented in person or by proxy, are necessary to constitute a quorum at any meeting of stockholders. A vote by
the holders of a majority of the Company’s outstanding shares is required to effectuate certain fundamental corporate changes
such as liquidation, merger or an amendment to the Company’s articles of incorporation. As of the date of the filing of this
report, the Company has 1 outstanding share of Series C Preferred Stock, which entitles the holder to 51% of the voting power of
the Company’s stockholders.

 

Holders of the Company’s common
stock are entitled to share in all dividends that the board of directors, in its discretion, declares from legally available funds. In
the event of a liquidation, dissolution or winding up, each outstanding share entitles its holder to participate pro rata in all
assets that remain after payment of liabilities and after providing for each class of stock, if any, having preference over the
common stock. The Company’s common stock has no pre-emptive rights, no conversion rights and there are no redemption provisions
applicable to the Company’s common stock.Exhibit 4.10

 

 

 

 

ADAPTHEALTH CORP.

 

Debt Securities

 

Indenture

 

Dated as of [       ]

 

[      ],

 

as Trustee

 

 

 

 

     

     

    

 

CROSS-REFERENCE TABLE 

 

This Cross-Reference Table is not a part
of the Indenture

 

	TIA Section	Indenture 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
	 	 
	311(a)	7.11
	(b)	7.11
	(c)	N.A.
	 	 
	312(a)	2.05
	(b)	12.03
	(c)	12.03
	 	 
	313(a)	7.06
	(b)(1)	N.A.
	(b)(2)	7.06
	(c)	12.02
	(d)	7.06
	 	 
	314(a)	4.03; 4.04; 12.02
	(b)	N.A.
	(c)(1)	12.04
	(c)(2)	12.04
	(c)(3)	N.A.
	(d)	N.A.
	(e)	12.05
	 	 
	315(a)	7.01(b)
	(b)	7.05; 12.02
	(c)	7.01(a)
	(d)	7.01(c)
	(e)	6.11
	 	 
	316(a)(last sentence)	2.12
	(a)(1)(A)	6.05
	(a)(1)(B)	6.04
	(a)(2)	N.A.
	(b)	6.07
	(c)	10.04

 

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	317(a)(1)	6.08
	(a)(2)	6.09
	(b)	2.04
	 	 
	318(a)	12.01

 

 

N.A. means Not Applicable.

 

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TABLE OF CONTENTS

 

This Table of Contents is not a part
of the Indenture

 

	ARTICLE ONE

    DEFINITIONS AND INCORPORATION BY REFERENCE
	 
	Section 1.01        Definitions	1
	Section 1.02        Other
    Definitions	4
	Section 1.03        Incorporation
    by Reference of Trust Indenture Act	5
	Section 1.04        Rules
    of Construction	5
	 	 
	ARTICLE TWO 

    THE SECURITIES
	 
	Section 2.01        Form
    and Dating	6
	Section 2.02        Execution
    and Authentication	8
	Section 2.03        Registrar
    and Paying Agent	9
	Section 2.04        Paying
    Agent to Hold Money in Trust	9
	Section 2.05        Securityholder
    Lists	9
	Section 2.06        Transfer
    and Exchange	10
	Section 2.07        Replacement
    Securities	10
	Section 2.08        Outstanding
    Securities	10
	Section 2.09        Temporary
    Securities	11
	Section 2.10        Cancellation	11
	Section 2.11        Defaulted
    Interest	11
	Section 2.12        Treasury
    Securities	12
	Section 2.13        CUSIP/ISIN
    Numbers	12
	Section 2.14        Deposit
    of Moneys	12
	Section 2.15        Book-Entry
    Provisions for Global Security	12
	Section 2.16        No
    Duty to Monitor	14
	 	 
	ARTICLE THREE

    REDEMPTION
	 
	Section 3.01        Notices
    to Trustee	15
	Section 3.02        Selection
    of Securities to be Redeemed	15
	Section 3.03        Notice
    of Redemption	16
	Section 3.04        Effect
    of Notice of Redemption	17
	Section 3.05        Deposit
    of Redemption Price	17
	Section 3.06        Securities
    Redeemed in Part	17
	 	 
	ARTICLE FOUR 

    COVENANTS
	 
	Section 4.01        Payment
    of Securities	17
	Section 4.02        Maintenance
    of Office or Agency	17
	Section 4.03        Reports	18

 

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	Section 4.04        Compliance
    Certificate	18
	Section 4.05        Waiver
    of Stay, Extension or Usury Laws	18
	 	 
	ARTICLE FIVE 

    SUCCESSOR CORPORATION
	 
	Section 5.01        When
    Company May Merge, etc.	19
	 	 
	ARTICLE SIX 

    DEFAULTS AND REMEDIES
	 
	Section 6.01        Events
    of Default	19
	Section 6.02        Acceleration	21
	Section 6.03        Other
    Remedies	21
	Section 6.04        Waiver
    of Existing Defaults	21
	Section 6.05        Control
    by Majority	22
	Section 6.06        Limitation
    on Suits	22
	Section 6.07        Rights
    of Holders to Receive Payment and Convert	22
	Section 6.08        Collection
    Suit by Trustee	23
	Section 6.09        Trustee
    May File Proofs of Claim	23
	Section 6.10        Priorities	23
	Section 6.11        Undertaking
    for Costs	24
	 	 
	ARTICLE
    SEVEN

 TRUSTEE
	 
	Section 7.01        Duties
    of Trustee	24
	Section 7.02        Rights
    of Trustee	25
	Section 7.03        Individual
    Rights of Trustee	27
	Section 7.04        Trustee’s
    Disclaimer	27
	Section 7.05        Notice
    of Defaults	27
	Section 7.06        Reports
    by Trustee to Holders	27
	Section 7.07        Compensation
    and Indemnity	28
	Section 7.08        Replacement
    of Trustee	28
	Section 7.09        Successor
    Trustee by Merger, etc.	29
	Section 7.10        Eligibility;
    Disqualification	29
	Section 7.11        Preferential
    Collection of Claims Against Company	29
	 	 
	ARTICLE EIGHT

    DISCHARGE OF INDENTURE
	 
	Section 8.01        Defeasance
    upon Deposit of Moneys or Government Obligations	29
	Section 8.02        Survival
    of the Company’s Obligations	32
	Section 8.03        Application
    of Trust Money	32
	Section 8.04        Repayment
    to the Company	33
	Section 8.05        Reinstatement	33

 

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	ARTICLE NINE

 RESERVED
	 
	ARTICLE TEN

 AMENDMENTS, SUPPLEMENTS
    AND WAIVERS
	 
	Section 10.01        Without
    Consent of Holders	34
	Section 10.02        With
    Consent of Holders	35
	Section 10.03        Compliance
    with Trust Indenture Act	36
	Section 10.04        Revocation
    and Effect of Consents	36
	Section 10.05        Notation
    on or Exchange of Securities	37
	Section 10.06        Trustee
    to Sign Amendments, etc.	37
	 	 
	ARTICLE ELEVEN 

SECURITIES
    IN FOREIGN CURRENCIES
	 
	 
	Section 11.01        Applicability
    of Article	37
	 	 
	ARTICLE TWELVE

 MISCELLANEOUS
	 
	Section 12.01        Trust
    Indenture Act Controls	38
	Section 12.02        Notices	38
	Section 12.03        Communications
    by Holders with Other Holders	39
	Section 12.04        Certificate
    and Opinion as to Conditions Precedent	39
	Section 12.05        Statements
    Required in Certificate or Opinion	40
	Section 12.06        Rules
    by Trustee and Agents	40
	Section 12.07        Legal
    Holidays	40
	Section 12.08        Governing
    Law	40
	Section 12.09        No
    Adverse Interpretation of Other Agreements	40
	Section 12.10        No
    Recourse Against Others	41
	Section 12.11        Successors
    and Assigns	41
	Section 12.12        Duplicate
    Originals	41
	Section 12.13        Severability	41
	Section 12.14        Waiver
    of Jury Trial	41

 

 

EXHIBIT A – Form of Security

 

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INDENTURE dated as of [      ], (the “Base
Indenture”), by and among ADAPTHEALTH CORP., a Delaware corporation (the “Company”) and [      ],
as trustee (the “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 Company’s debt securities issued under this
Base Indenture:

 

ARTICLE
One

DEFINITIONS AND INCORPORATION BY REFERENCE

 

Section
1.01 Definitions.

 

“Affiliate” means, when
used with reference to a specified person, any Person directly or indirectly controlling or controlled by or under direct or indirect
common control with the Person specified.

 

“Agent” means any Registrar,
Paying Agent or co-Registrar or agent for service of notices and demands.

 

“Applicable Procedures”
means, with respect to any payment, conversion, tender, redemption, transfer or exchange of or for beneficial interests in any
Global Security, the rules and procedures of the Depositary that apply to such payment, conversion, tender, redemption, transfer
or exchange.

 

“Authorizing Resolution”
means a resolution adopted by the Board of Directors or by an Officer or committee of Officers pursuant to Board delegation authorizing
a Series of Securities.

 

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

 

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

 

“Capital Stock” means,
with respect to any Person, any and all shares, interests, participations or other equivalents (however designated) of or in such
Person’s capital stock or other equity interests.

 

“Company” means the party
named as such in this Indenture until a successor replaces it pursuant to the Indenture and thereafter means the successor.

 

“control” means, when
used with respect to any Person, the power to direct the management and policies of such Person, directly or indirectly, whether
through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled”
have meanings correlative to the foregoing.

 

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“Corporate Trust Office”
means the office of the Trustee at which at any particular time its corporate trust business in respect of this Indenture shall
be administered and which at the date hereof is located at [ ], or such other address as to which the Trustee may give notice to
the Company, or if at any time there is more than one Trustee, means the Corporate Trust Office of any such other Trustee with
respect to the Securities of the applicable series.

 

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

 

“Definitive Security”
means a certificated Security that is not a Global Security registered in the name of the Securityholder thereof.

 

“Depositary” means, with
respect to Securities of any Series which the Company shall determine will be issued in whole or in part as a Global Security,
DTC, another clearing agency, or any successor registered as a clearing agency under the Exchange Act, and any other applicable
U.S. or foreign statute or regulation, which, in each case, shall be designated by the Company pursuant to Section 2.01.

 

“Dollars” and “$”
mean United States Dollars.

 

“DTC” means The Depository
Trust Company, New York, New York.

 

“Exchange Act” means
the Securities Exchange Act of 1934, as amended.

 

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

 

“GAAP” means generally
accepted accounting principles set forth in the accounting standards codification of the Financial Accounting Standards Board or
in such other statements by such or any other entity as may be approved by a significant segment of the accounting profession of
the United States, as in effect on the date of this Base Indenture.

 

“Global Security” means,
with respect to any Series of Securities, a Security executed by the Company and delivered by the Trustee to the Depositary or
pursuant to the Depositary’s instruction, all in accordance with the Indenture, which shall be registered in the name of
the Depositary or its nominee.

 

“Government Obligations”
means securities which are (i) direct obligations of the United States or the other government or governments in the confederation
which issued the Foreign Currency in which the principal of or any interest on the Security of the applicable Series shall be payable,
in each case for the payment of which its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised
by and acting as an agency or instrumentality of the United States or such other government or governments, in each case the payment
of which is unconditionally guaranteed as a full faith and credit obligation by the United States or such other government or governments,
which, in either case are not callable or redeemable at the option of the issuer or issuers thereof, and shall also include a depositary
receipt issued by a bank or trust company as custodian with respect to any such Government Obligations or a specific payment of
interest on or principal of any such 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 Government Obligation or the
specific payment of interest on or principal of the Government Obligation evidenced by such depositary receipt.

 

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

 

“Indenture” means this
Base Indenture as amended or supplemented from time to time, including pursuant to any Authorizing Resolution or supplemental indenture
pertaining to any Series, and including, for all purposes of this instrument and any such Authorizing Resolution or supplemental
indenture, the provisions of the TIA that are deemed to be a part of and govern this Base Indenture and any such Authorizing Resolution
or supplemental indenture, respectively.

 

“Issue Date” means, with
respect to any Series of Securities, the date on which the Securities of such Series are originally issued under this Indenture.

 

“NYUCC” means the New
York Uniform Commercial Code, as in effect from time to time.

 

“Officer” means the Chairman
of the Board, Chief Executive Officer, Chief Financial Officer, President, any Executive Vice President, Senior Vice President
or Vice President, the Treasurer or the Secretary of the Company.

 

“Officers’ Certificate”
means a certificate signed by two Officers or by an Officer and an Assistant Treasurer or an Assistant Secretary of the Company.

 

“Opinion of Counsel”
means a written opinion from legal counsel, who may be an employee of or counsel to the Company, or other counsel reasonably satisfactory
to the Trustee. Each such opinion shall include the statements provided for in Section 12.05 if and to the extent required by the
provisions of such Section.

 

“Person” means any individual,
corporation, partnership, limited liability company, joint venture, incorporated or unincorporated association, joint stock company,
trust, unincorporated organization or government or any agency or political subdivision thereof.

 

“principal” of a debt
security means the principal of the security plus, when appropriate, the premium, if any, on the security.

 

“Property” of any Person
means all types of real, personal, tangible, intangible or mixed property owned by such Person, whether or not included in the
most recent consolidated balance sheet of such Person and its Subsidiaries under GAAP.

 

“SEC” means the Securities
and Exchange Commission or any successor agency performing the duties now assigned to it under the TIA.

 

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“Securities” means any
Securities that are issued under this Base Indenture.

 

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

 

“Series” means a series
of Securities established under this Base Indenture.

 

“Subsidiary” of any Person
means any corporation or other entity of which a majority of the Capital Stock having ordinary voting power to elect a majority
of the board of directors of such entity or other persons performing similar functions is at the time directly or indirectly owned
or controlled by such Person.

 

“TIA” means the Trust
Indenture Act of 1939, as amended, as in effect from time to time, except as otherwise provided herein.

 

“Trustee” means the party
named as such in this Base Indenture until a successor replaces it pursuant to this Base Indenture and thereafter means the successor
serving hereunder; provided, however, that if at any time there is more than one such Person, “Trustee” as used with
respect to the Securities of any Series shall mean only the Trustee with respect to Securities of that Series.

 

“Trust Officer” means,
when used with respect to the Trustee, any officer within the corporate trust department of the Trustee, including any vice president,
assistant vice president, assistant secretary, senior associate, associate, trust officer or any other officer of the Trustee who
customarily performs functions similar to those performed by the Persons who at the time shall be such officers or to whom any
corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and
who shall have direct responsibility for the administration of this Indenture.

 

“United States” means
the United States of America.

 

Section
1.02 Other Definitions.

 

	
        Term
	 	
        Defined
        in 

Section

	Agent Members	 	2.15
	Base Indenture	 	Preamble
	Business Day	 	12.07
	Covenant Defeasance	 	8.01
	Custodian	 	6.01
	Event of Default	 	6.01
	Legal Defeasance	 	8.01
	Legal Holiday	 	12.07
	Paying Agent	 	2.03
	Payment Default	 	6.01
	Registrar	 	2.03
	Security Register	 	2.03
	Successor	 	5.01

 

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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:

 

“Commission” means the SEC.

 

“indenture securities” means
the Securities of a particular Series.

 

“indenture security holder”
means a Securityholder.

 

“indenture to be qualified”
means this Indenture.

 

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

 

“obligor” on the indenture securities
means the Company or any other obligor on the Securities of a Series.

 

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

 

Section
1.04 Rules of Construction.

 

Unless the context otherwise requires:

 

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

 

		(2)	an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP and all accounting determinations
shall be made in accordance with GAAP;

 

		(3)	“or” is not exclusive and “including” means “including without limitation”;

 

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

 

		(5)	“herein,” “hereof” and “hereunder,” and other words of similar import, refer to this Indenture
as a whole (including any Authorizing Resolution or supplemental indenture relating to the relevant Series) and not to any particular
Article, Section or other subdivision;

 

		(6)	all exhibits are incorporated by reference herein and expressly made a part of this Indenture; and

 

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		(7)	any transaction or event shall be considered “permitted by” or made “in accordance with” or “in
compliance with” this Indenture or any particular provision thereof if such transaction or event is not expressly prohibited
by this Indenture or such provision, as the case may be.

 

ARTICLE
Two

THE SECURITIES

 

Section
2.01 Form and Dating.

 

The aggregate principal amount of Securities
that may be issued under this Base Indenture is unlimited. The Securities may be issued from time to time in one or more Series.
Each Series shall be created by an Authorizing Resolution or a supplemental indenture that establishes the terms of the Series,
which may include the following:

 

		(1)	the title of the Series (which shall distinguish the Securities of such Series from all other Securities);

 

		(2)	the aggregate principal amount (or any limit on the aggregate principal amount) of the Series and, if any Securities of a Series
are to be issued at a discount from their face amount, the method of computing the accretion of such discount;

 

		(3)	the interest rate or method of calculation of the interest rate;

 

		(4)	the date from which interest will accrue;

 

		(5)	the record dates for interest payable on Securities of the Series;

 

		(6)	the dates when, places where and manner in which principal and interest are payable;

 

		(7)	the Registrar and Paying Agent, if other than the Trustee;

 

		(8)	the terms of any mandatory (including any sinking fund requirements) or optional redemption by the Company;

 

		(9)	the terms of any redemption at the option of Holders;

 

		(10)	the permissible denominations in which Securities of such Series are issuable, if different from $2,000 and multiples of $1,000
in excess thereof;

 

		(11)	whether Securities of such Series will be issued in registered or bearer form and the terms of any such forms of Securities;

 

		(12)	whether the Securities of the Series shall be issued in whole or in part in the form of a Global Security or Securities, the
terms and conditions, if different from those contained in this Base Indenture, upon which such Global Security or Securities may
be exchanged in whole or in part for Definitive Securities; the Depositary for such Global Security or Securities; and the form
of any legend or legends, if any, to be borne by any such Global Security or Securities in addition to or in lieu of the legends
referred to in Section 2.15;

 

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		(13)	the currency or currencies (including any composite currency) in which principal or interest or both may be paid;

 

		(14)	if payments of principal or interest may be made in a currency other than that in which Securities of such Series are denominated,
the manner for determining such payments, including the time and manner of determining the exchange rate between the currency in
which such Securities are denominated and the currency in which such Securities or any of them may be paid, and any deletions from
or modifications of or additions to the terms of this Indenture to provide for or to facilitate the issuance of Securities denominated
or payable, at the election of the Company or a Holder thereof or otherwise, in a Foreign Currency;

 

		(15)	provisions for electronic issuance of Securities or issuance of Securities of such Series in uncertificated form;

 

		(16)	any Events of Default, covenants and/or defined terms in addition to or in lieu of those set forth in this Base Indenture;

 

		(17)	whether and upon what terms Securities of such Series may be defeased or discharged if different from the provisions set forth
in this Base Indenture;

 

		(18)	the form of the Securities of such Series, which, unless the Authorizing Resolution or supplemental indenture otherwise provides,
shall be in the form of Exhibit A, except as otherwise provided in any indenture supplemental hereto;

 

		(19)	any terms that may be required by or advisable under applicable law;

 

		(20)	the percentage of the principal amount of the Securities of such Series which is payable if the maturity of the Securities
of such Series is accelerated in the case of Securities issued at a discount from their face amount;

 

		(21)	whether Securities of such Series will or will not have the benefit of guarantees and the Company’s Subsidiaries that
will be the initial guarantors of such Series and, if applicable, the terms and conditions upon which such guarantees may be subordinated
to other indebtedness of the respective guarantors;

 

		(22)	whether the Securities of such Series are senior or subordinated debt securities, and if subordinated debt securities, the
terms of such subordination;

 

		(23)	whether the Securities of the Series will be convertible into or exchangeable for other Securities, common shares or other
securities of any kind of the Company or another obligor, and, if so, the terms and conditions upon which such Securities will
be so convertible or exchangeable, including the initial conversion or exchange price or rate or the method of calculation, how
and when the conversion price or exchange ratio may be adjusted, whether conversion or exchange is mandatory, at the option of
the holder or at the Company’s option, the conversion or exchange period, and any other provision in relation thereto; and

 

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		(24)	any other terms in addition to or different from those contained in this Base Indenture applicable to such Series.

 

All Securities of one Series need not be
issued at the same time and, unless otherwise provided, a Series may be reopened for issuances of additional Securities of such
Series pursuant to an Authorizing Resolution, an Officers’ Certificate or in any indenture supplemental hereto.

 

The creation and issuance of a Series and
the authentication and delivery thereof are not subject to any conditions precedent.

 

Section
2.02 Execution and Authentication.

 

One 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 Trustee authenticates the Security, the Security shall nevertheless be valid.

 

A Security shall not be valid until the
Trustee signs the certificate of authentication on the Security by manual, facsimile or electronic signature. The signature shall
be conclusive evidence that the Security has been authenticated under this Base Indenture.

 

At any time and from time to time after
the execution and delivery of this Indenture, the Company may deliver Securities of any series executed by the Company to the Trustee
for authentication. Each Security shall be dated the date of its authentication. The Trustee shall authenticate Securities for
original issue upon receipt of, and shall be fully protected in relying upon:

 

(a)            
An order to the Trustee signed by an officer of the Company directing the Trustee to authenticate the Securities;

 

(b)            
a copy of the resolution or resolutions of the Board of Directors in or pursuant to which the terms and form of the Securities
were established, certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of
Directors and to be in full force and effect as of the date of such certificate, and if the terms and form of such Securities are
established by an Officers’ Certificate pursuant to general authorization of the Board of Directors, such Officers’
Certificate;

 

(c)            
an Officers’ Certificate of the Company delivered in accordance with Section 12.04; and

 

(d)            
an Opinion of Counsel delivered in accordance with Section 12.04.

 

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The Trustee shall have the right to decline
to authenticate and deliver any Securities under this Section if the Trustee, being advised by counsel, determines that such action
may not lawfully be taken or if the Trustee in good faith shall determine that such action would expose the Trustee to personal
liability to existing Holders.

 

Section
2.03 Registrar and Paying Agent.

 

The Company shall maintain an office or
agency where Securities may be presented for registration of transfer or where Securities of a Series that are convertible or exchangeable
may be surrendered for conversion or exchange (“Registrar”), an office or agency where Securities may be presented
for payment (“Paying Agent”) and an office or agency where notices and demands to or upon the Company in respect
of the Securities and this Indenture may be served. The Registrar shall keep a register of the Securities and of their transfer
and exchange (the “Security Register”). The Company may have one or more co-Registrars and one or more additional
paying agents. The term “Paying Agent” includes any additional paying agent.

 

The Company shall enter into an appropriate
agency agreement with any Agent not a party to this Base Indenture. The agreement shall implement the provisions of this Indenture
that relate to such Agent. The Company shall promptly notify the Trustee in writing of the name and address of any such Agent and
the Trustee shall have the right to inspect the Securities Register at all reasonable times to obtain copies thereof, and the Trustee
shall have the right to rely upon such register as to the names and addresses of the Holders and the principal amounts and certificate
numbers thereof. If the Company fails to maintain a Registrar or Paying Agent or fails to give the foregoing notice, the Trustee
shall act as such.

 

The Company initially appoints the Trustee
as Registrar and Paying Agent.

 

Section
2.04 Paying Agent to Hold Money in Trust.

 

Each Paying Agent shall hold in trust for
the benefit of Securityholders and the Trustee all money held by the Paying Agent for the payment of principal of or interest on
the Securities, and shall notify the Trustee of any default by the Company in making any such payment. If the Company or a Subsidiary
acts as Paying Agent, it shall segregate the money and hold it as a separate trust fund. The Company at any time may require a
Paying Agent to pay all money held by it to the Trustee. Upon doing so the Paying Agent shall have no further liability for the
money.

 

Section
2.05 Securityholder 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 Securityholders. If the
Trustee is not the Registrar, the Company shall furnish to the Trustee at least five (5) Business Days before each semiannual 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 Securityholders.

 

    - 9 -

     

    

 

Section
2.06 Transfer and Exchange.

 

Where a Security is presented to the Registrar
or a co-Registrar with a request to register a transfer, the Registrar shall register the transfer as requested if the requirements
of Section 8-401(a) of the NYUCC are met and the other provisions of this Section 2.06 are satisfied. Where Securities are
presented to the Registrar or a co-Registrar with a request to exchange them for an equal principal amount of Securities of other
denominations, the Registrar shall make the exchange as requested if the same requirements are met. To permit transfers and exchanges,
the Trustee shall authenticate Securities at the Registrar’s request. The Registrar need not transfer or exchange any Security
selected for redemption or repurchase, except the unredeemed or repurchased part thereof if the Security is redeemed or repurchased
in part, or transfer or exchange any Securities for a period of 15 days before a selection of Securities to be redeemed or repurchased.
Any exchange or transfer shall be without charge, except that the Company may require payment of a sum sufficient to cover any
tax or other governmental charge that may be imposed in relation thereto except in the case of exchanges pursuant to 2.09,
3.06, or 10.05 not involving any transfer.

 

Any Holder of a Global Security shall, by
acceptance of such Global Security, agree that transfers of beneficial interests in such Global Security may be effected only through
a book entry system maintained by the Depositary as Holder of such Global Security (or its agent), and that ownership of a beneficial
interest in the Security shall be required to be reflected in a book entry.

 

Section
2.07 Replacement Securities.

 

If the Holder of a Security claims that
the Security has been lost, destroyed, mutilated or wrongfully taken, the Company shall issue and execute a replacement security
and, upon written request of any Officer of the Company, the Trustee shall authenticate such replacement Security, provided,
in the case of a lost, destroyed or wrongfully taken Security, that the requirements of Section 8-405 of the NYUCC are met. If
any such lost, destroyed, mutilated or wrongfully taken Security shall have matured or shall be about to mature, the Company may,
instead of issuing a substitute Security therefor, pay such Security without requiring (except in the case of a mutilated Security)
the surrender thereof. An indemnity bond must be sufficient in the judgment of the Company and the Trustee to protect the Company,
the Trustee and any Agent from any loss which any of them may suffer if a Security is replaced, including the acquisition of such
Security by a bona fide purchaser. The Company and the Trustee may charge for its expenses in replacing a Security.

 

Section
2.08 Outstanding Securities.

 

Securities outstanding at any time are all
Securities authenticated by the Trustee except for those cancelled by it and those described in this Section. A Security does not
cease to be outstanding because the Company or one of its Affiliates holds the Security.

 

    - 10 -

     

    

 

If a Security is replaced pursuant to Section
2.07, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Security is held by
a “protected purchaser” (as such term is defined in the NYUCC).

 

If the Paying Agent holds on a redemption
date, purchase date or maturity date money sufficient to pay Securities payable on that date, then on and after that date such
Securities cease to be outstanding and interest on them ceases to accrue.

 

Subject to the foregoing provisions of this
Section, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other
Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security.

 

Section
2.09 Temporary Securities.

 

Until Definitive Securities are ready for
delivery, the Company may prepare and the Trustee shall authenticate temporary Securities. 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, upon surrender for cancellation of the temporary Security, the Company shall
execute and the Trustee shall authenticate Definitive Securities in exchange for temporary Securities. Until so exchanged, the
temporary Securities shall in all respects be entitled to the same benefits under this Indenture as Definitive Securities authenticated
and delivered hereunder.

 

Section
2.10 Cancellation.

 

The Company at any time may deliver Securities
to the Trustee for cancellation. The Registrar and Paying Agent shall forward to the Trustee any Securities surrendered to them
for registration of transfer, exchange, redemption, purchase or payment. The Trustee and no one else shall cancel and dispose of
such cancelled or tendered securities, or retain in accordance with its standard retention policy, all Securities surrendered for
registration of transfer, exchange, redemption, purchase, payment or cancellation. Unless the Authorizing Resolution or supplemental
indenture so provides, the Company may not issue new Securities to replace Securities that it has previously paid or delivered
to the Trustee for cancellation.

 

Section
2.11 Defaulted Interest.

 

If the Company defaults in a payment of
interest on the Securities of any Series, it shall pay the defaulted interest plus any interest payable on the defaulted interest
to the persons who are Securityholders of such Series on a subsequent special record date. The Company shall fix such special record
date and a payment date which shall be reasonably satisfactory to the Trustee. At least 15 days before such special record date,
the Company shall mail or send to each Securityholder of the relevant Series a notice that states the record date, the payment
date and the amount of defaulted interest to be paid. On or before the date such notice is mailed or sent, the Company shall deposit
with the Paying Agent money sufficient to pay the amount of defaulted interest to be so paid. The Company may pay defaulted interest
in any other lawful manner if, after notice given by the Company to the Trustee of the proposed payment, such manner of payment
shall be deemed practicable by the Trustee.

 

    - 11 -

     

    

 

Section
2.12 Treasury Securities.

 

In determining whether the Holders of the
required principal amount of Securities of a Series have concurred in any direction, waiver, consent or notice, Securities owned
by the Company or any of its Affiliates shall be considered as though they are not outstanding, except that for the purposes of
determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Securities which a
Trust Officer of the Trustee actually knows are so owned shall be so considered.

 

Section
2.13 CUSIP/ISIN Numbers.

 

The Company in issuing the Securities of
any Series may use a “CUSIP” and/or “ISIN” or other similar number, and if so, the Trustee shall use the
CUSIP and/or ISIN or other similar number in notices of redemption or exchange as a convenience to Holders of such Securities;
provided that no representation is hereby deemed to be made by the Trustee as to the correctness or accuracy of any such
CUSIP and/or ISIN or other similar number printed in the notice or on such Securities, and that reliance may be placed only on
the other identification numbers printed on such Securities. The Company shall promptly notify the Trustee of any change in any
CUSIP and/or ISIN or other similar number.

 

Section
2.14 Deposit of Moneys.

 

Prior to 11:00 a.m., New York City time,
on each interest payment date and maturity date with respect to each Series of Securities, the Company shall have deposited with
the Paying Agent in immediately available funds money in the applicable currency sufficient to make cash payments due on such interest
payment date or maturity date, as the case may be, in a timely manner which permits the Paying Agent to remit payment to the Holders
of such Series on such interest payment date or maturity date, as the case may be.

 

Section
2.15 Book-Entry Provisions for Global Security.

 

(a)            
Any Global Security of a Series initially shall (i) be registered in the name of the Depositary or the nominee of such Depositary,
(ii) be delivered to the Trustee as custodian for such Depositary and (iii) bear any required legends.

 

Members of, or participants in, the Depositary
(“Agent Members”) shall have no rights under this Indenture with respect to any Global Security held on their
behalf by the Depositary, or the Trustee as its custodian, or under the Global Security, and the Depositary may be treated by the
Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of the Global Security for all purposes
whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or
the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair,
as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a
Holder of any Security.

 

    - 12 -

     

    

 

(b)            
Transfers of any Global Security shall be limited to transfers in whole, but not in part, to the Depositary, its successors
or their respective nominees. Interests of beneficial owners in the Global Security may be transferred or exchanged for Definitive
Securities in accordance with the rules and procedures of the Depositary. In addition, Definitive Securities shall be transferred
to all beneficial owners in exchange for their beneficial interests in a Global Security if (i) the Depositary notifies the Company
that it is unwilling or unable to continue as Depositary for the Global Security or the Depositary has ceased to be a “clearing
agency” registered under the Exchange Act, and a successor depository is not appointed by the Company within 90 days of such
notice, or (ii) the Company elects, at any time in its sole discretion, to discontinue use of the system of book entry transfer
through any Depositary. Any Security that is held in the form of a Global Security and that is exchanged pursuant to clause (i)
above shall be so exchanged in whole and not in part, and any Security that is held in the form of a Global Security and that is
exchanged pursuant to clause (ii) above may be exchanged in whole or from time to time in part as directed by the Company.

 

(c)            
In connection with any transfer or exchange of a portion of the beneficial interest in any Global Security to beneficial
owners pursuant to paragraph (b), the Registrar shall (if one or more Definitive Securities are to be issued) reflect on
its books and records the date and a decrease in the principal amount of the Global Security in an amount equal to the principal
amount of the beneficial interest in the Global Security to be transferred, and the Company shall execute, and the Trustee shall
authenticate and deliver, one or more Definitive Securities of like Series and amount.

 

(d)            
In connection with the transfer of an entire Global Security to beneficial owners pursuant to paragraph (b), the Global
Security shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and the Trustee shall
authenticate and deliver, to each beneficial owner identified by the Depositary in exchange for its beneficial interest in the
Global Security, an equal aggregate principal amount of Definitive Securities of the same Series in authorized denominations.

 

(e)            
The Holder of any Global Security may grant proxies and otherwise authorize any person, including Agent Members and persons
that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the
Securities of such Series.

 

(f)             
Unless otherwise provided in the Authorizing Resolution or supplemental indenture for a particular Series of Securities,
each Global Security of such Series shall bear legends in substantially the following forms:

 

    - 13 -

     

    

 

“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 HOLDERS OF BENEFICIAL INTERESTS
HEREIN, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE ANY SUCH NOTATIONS HEREON
AS MAY BE REQUIRED PURSUANT TO THE INDENTURE, (II) THIS GLOBAL SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION
2.06 AND SECTION 2.15 OF THE INDENTURE, (III) THIS GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO
THE INDENTURE AND (IV) THIS GLOBAL SECURITY MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE
COMPANY.”

 

“UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART
FOR SECURITIES IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE
DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR TO ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR
ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE 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, ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY
AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.”

 

Section
2.16 No Duty to Monitor.

 

The Trustee shall have no 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 Agent Members
or beneficial owners of interests 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.

 

Neither the Trustee nor any Agent shall
have any responsibility for any actions taken or not taken by the Depositary.

 

    - 14 -

     

    

 

ARTICLE
Three

REDEMPTION

 

Section
3.01 Notices to Trustee.

 

Securities of a Series that are redeemable
prior to maturity shall be redeemable in accordance with their terms and, unless the Authorizing Resolution or supplemental indenture
provides otherwise, in accordance with this Article Three.

 

If the Company wants to redeem Securities
pursuant to Paragraph 4 of the Securities, it shall notify the Trustee in writing of the redemption date and the principal
amount of Securities to be redeemed. The Company shall notify the Trustee of such redemption at least 15 days prior to the date
on which notice is required to be delivered or mailed to Holders pursuant to Section 3.03. Any such notice may be cancelled at
any time prior to notice of such redemption being mailed or sent to Holders. Any such cancelled notice shall be void and of no
effect.

 

If the Company wants to credit any Securities
previously redeemed, retired or acquired against any redemption pursuant to Paragraph 5 of the Securities, it shall notify
the Trustee of the amount of the credit and it shall deliver any Securities not previously delivered to the Trustee for cancellation
with such notice.

 

Section
3.02 Selection of Securities to be Redeemed.

 

If fewer than all of the Securities of a
Series are to be redeemed, the Trustee (or Depository, as applicable) shall select the Securities to be redeemed by lot, pro rata,
or such other method the Trustee (or Depository, as applicable) considers fair and appropriate and in a manner that complies with
applicable requirements of the Depositary. The Trustee (or Depository, as applicable) shall make the selection from Securities
outstanding not previously called for redemption and shall promptly notify the Company of the serial numbers or other identifying
attributes of the Securities so selected. The Trustee (or Depository, as applicable) may select for redemption portions of the
principal of Securities that have denominations larger than the minimum denomination for the Series. Securities and portions of
them it selects shall be in amounts equal to a permissible denomination for the Series. Provisions of this Indenture that apply
to Securities called for redemption also apply to portions of Securities called for redemption.

 

Unless otherwise provided in the Authorizing
Resolution or supplemental indenture relating to a Series, if any Security selected for partial redemption is converted into or
exchanged for the Company’s Capital Stock or other securities, cash or other property in part before termination of the conversion
or exchange right with respect to the portion of the Security so selected, the converted portion of such Security shall be deemed
(so far as may be) to be the portion selected for redemption. Securities which have been converted or exchanged during a selection
of Securities to be redeemed shall be treated by the Trustee as outstanding for the purpose of such selection.

 

    - 15 -

     

    

 

Section
3.03 Notice of Redemption.

 

At least 30 days but not more than 60 days
before a redemption date, the Company shall mail, or in the case of Global Securities send or cause to be sent in accordance with
Applicable Procedures, a notice of redemption by first-class mail, postage prepaid, to each Holder of Securities to be redeemed.

 

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

 

		(1)	the redemption date;

 

		(2)	the redemption price or the formula pursuant to which such price will be calculated;

 

		(3)	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;

 

		(4)	in the case of Securities of a Series that are convertible or exchangeable into shares of the Company’s Capital Stock
or other securities, cash or other property, the conversion or exchange price or rate, the date or dates on which the right to
convert or exchange the principal of the Securities of such Series to be redeemed will commence or terminate and the place or places
where such Securities may be surrendered for conversion or exchange;

 

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

 

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

 

		(7)	that interest on Securities called for redemption ceases to accrue on and after the redemption date;

 

		(8)	that the Securities are being redeemed pursuant to the mandatory redemption or the optional redemption provisions, as applicable;

 

		(9)	the CUSIP number and/or ISIN or other similar number used to identify the Securities, that no representation is hereby deemed
to be made be made by the Trustee as to the correctness or accuracy of any such CUSIP and/or ISIN or other similar number printed
in the notice or on such Securities, and that reliance may be placed only on the other identification numbers printed on such Securities;
and

 

		(10)	any conditions precedent to such redemption.

 

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
shall deliver to the Trustee at least 15 days prior to the date on which notice of redemption is to be mailed or sent or such shorter
period as may be satisfactory 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.

 

    - 16 -

     

    

 

Section
3.04 Effect of Notice of Redemption.

 

Once notice of redemption is mailed or sent,
Securities called for redemption become due and payable on the redemption date and at the redemption price as set forth in the
notice of redemption, which notice, and which obligation to redeem such Securities, may, at the Company’s discretion, be
subject to one or more conditions precedent as set forth in such notice. Upon surrender to the Paying Agent, such Securities shall
be paid at the redemption price, plus accrued and unpaid interest to the redemption date.

 

Section
3.05 Deposit of Redemption Price.

 

On or before the redemption date, the Company
shall deposit with the Paying Agent immediately available funds in the applicable currency sufficient to pay the redemption price
of and accrued interest on all Securities to be redeemed on that date.

 

Section
3.06 Securities Redeemed in Part.

 

Upon surrender of a Security that is redeemed
in part, the Company shall execute and the Trustee shall authenticate (or transfer by book entry) for each Holder a new Security
of the same Series equal in principal amount to the unredeemed portion of the Security surrendered.

 

ARTICLE
Four

COVENANTS

 

Section
4.01 Payment of Securities.

 

The Company shall pay the principal of,
premium, if any, and interest on a Series on the dates, in the currency and in the manner provided in the Securities of the Series.
An installment of principal, premium, if any, or interest shall be considered paid on the date it is due if the Paying Agent holds
on that date money in the applicable currency designated for and sufficient to pay the installment.

 

Section
4.02 Maintenance of Office or Agency.

 

The Company shall maintain the office or
agency required under Section 2.03. The Company shall give prior written notice to the Trustee of the location, and any
change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or
agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be
made or served at the address of the Trustee.

 

    - 17 -

     

    

 

Section
4.03 Reports.

 

At any time when the Company is subject
to the reporting requirements of Section 13 or 15(d) of the Exchange Act, the Company shall file with the Trustee, within fifteen
(15) days after it actually files the same with the SEC (regardless of when the same is required to be filed with the SEC), each
annual, quarterly or current report, information or proxy statement other report which the Company is required to file with the
SEC pursuant to Section 13 or 15(d) of the Exchange Act; provided, however, that the Company shall not be required
to file or deliver to the Trustee any material for which the Company has sought and received, or is seeking, confidential treatment
by the SEC; and, provided further, that the Company shall be deemed to have filed such information with the Trustee if the
Company has filed such information on the SEC’s EDGAR system (or any successor system) and such information is publicly available.
The Company also shall comply with the other provisions of TIA Section 314(a). The Trustee does not have the duty to review such
information, documents or reports, is not considered to have notice of the content of such information, documents or reports and
does not have a duty to verify the accuracy of such information, documents or reports.

 

Section
4.04 Compliance Certificate.

 

The Company shall deliver to the Trustee
within 120 days after the end of each fiscal year of the Company an Officers’ Certificate, that need not comply with Section
12.05, stating whether or not the signers know of any continuing Default by the Company in performing any of its obligations under
this Indenture. If they do know of such a Default, the certificate shall describe the Default. In addition, the Company will notify
the Trustee within 5 business days upon the Company’s knowledge of a Default.

 

Section
4.05 Waiver of Stay, Extension or 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 or extension law or any usury law or other law that would prohibit or forgive the Company from paying all
or any portion of the principal of or interest on the Securities of any Series as contemplated herein, wherever enacted, now or
at any time hereafter in force, or which may affect the covenants or the performance of this Indenture; and (to the extent that
it may lawfully do so) the Company expressly waives all benefit or advantage of any such law, and covenants that it will not hinder,
delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such
power as though no such law had been enacted.

 

    - 18 -

     

    

 

ARTICLE
Five

SUCCESSOR CORPORATION

 

Section
5.01 When Company May Merge, etc.

 

The Company will not consolidate or merge
with or into, or sell, lease, convey or otherwise dispose of all or substantially all of its assets (including by way of liquidation
or dissolution), to any Person (in each case other than in a transaction in which the Company is the survivor of a consolidation
or merger, or the transferee in a sale, lease, conveyance or other disposition) unless:

 

		(1)	the Person formed by or surviving such consolidation or merger (if other than the Company), or to which such sale, lease, conveyance
or other disposition will be made (collectively, the “Successor”) assumes by supplemental indenture in a form
reasonably satisfactory to the Trustee all of the obligations of the Company under the Securities, as the case may be, and the
Indenture, and

 

		(2)	immediately after giving effect to such transaction, no Default or Event of Default has occurred and is continuing.

 

The foregoing provisions shall not apply
to a transaction the purpose of which is to change the state of incorporation of the Company.

 

Upon any such consolidation, merger, sale,
lease, conveyance or other disposition, the Successor will be substituted for the Company under the Indenture. The Successor may
then exercise every power and right of the Company under this Indenture, and except in the case of a lease, the Company will be
released from all of its liabilities and obligations in respect of the Securities and the Indenture. If the Company leases all
or substantially all of its assets, the Company will not be released from its obligations to pay the principal of and interest,
if any, on the Securities.

 

ARTICLE
Six

DEFAULTS AND REMEDIES

 

Section
6.01 Events of Default.

 

An “Event of Default”
with respect to a Series occurs upon the occurrence of any of the following:

 

		(1)	the failure by the Company to pay interest on any Security of such Series when the same becomes due and payable and the continuance
of any such failure for a period of 30 days;

 

    - 19 -

     

    

 

		(2)	the failure by the Company to pay the principal of any Security of such Series when the same becomes due and payable at maturity,
upon acceleration, redemption or otherwise;

 

		(3)	the failure by the Company to comply with any of its agreements or covenants in, or provisions of, the Securities of such Series
or this Indenture (as they relate thereto) and such failure continues for the period and after the notice specified below (except
in the case of a default with respect to Article Five (or any other provision specified in the applicable supplemental indenture
or Authorizing Resolution), which will constitute an Event of Default with notice but without passage of time);

 

		(4)	the Company, pursuant to or within the meaning of any Bankruptcy Law:

 

		(A)	commences a voluntary case,

 

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

 

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

 

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

 

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

 

		(A)	is for relief against the Company as debtor in an involuntary case,

 

		(B)	appoints a Custodian of the Company or a Custodian for all or substantially all of the Property of the Company, or

 

		(C)	orders the liquidation of the Company,

 

and the order or decree remains unstayed
and in effect for 90 days.

 

A Default as described in subclause (3)
above will not be deemed an Event of Default until the Trustee notifies the Company, or the Holders of at least 25 percent in principal
amount of the then outstanding Securities of the applicable Series notify the Company and the Trustee, of the Default and (except
in the case of a default with respect to Article Five (or any other provision specified in the applicable supplemental indenture
or Authorizing Resolution)) the Company does not cure the Default within 90 days after receipt of the notice. The notice must specify
the Default, demand that it be remedied and state that the notice is a “Notice of Default.” If such a Default is cured
within such time period, it ceases to exist, without any action by the Trustee or any other Person.

 

The term “Custodian”
means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law.

 

    - 20 -

     

    

 

Section
6.02 Acceleration.

 

If an Event of Default (other than an Event
of Default with respect to the Company resulting from subclause (4) or (5) above), shall have occurred and be continuing
under the Indenture, the Trustee by notice to the Company, or the Holders of at least 25 percent in principal amount of the Securities
of the applicable Series then outstanding by notice to the Company and the Trustee, may declare all Securities of such Series to
be due and payable immediately. Upon such declaration of acceleration, the amounts due and payable on the Securities of such Series
will be due and payable immediately. If an Event of Default with respect to the Company specified in subclauses (4) or (5)
above occurs, all amounts due and payable on the Securities of such Series will ipso facto become and be immediately due and payable
without any declaration, notice or other act on the part of the Trustee and the Company or any Holder.

 

Holders of a majority in principal amount
of the then outstanding Securities of such Series may rescind an acceleration with respect to such Series and its consequence (except
an acceleration due to nonpayment of principal or interest) if the rescission would not conflict with any judgment or decree and
if all existing Events of Default (other than the non-payment of accelerated principal) have been cured or waived.

 

No such rescission shall extend to or shall
affect any subsequent Event of Default, or shall impair any right or power consequent thereon.

 

Section
6.03 Other Remedies.

 

If an Event of Default on a Series occurs
and is continuing, the Trustee may pursue any available remedy by proceeding at law or in equity to collect the payment of principal
of or interest on the Series or to enforce the performance of any provision in the Securities or this Indenture applicable to the
Series.

 

The Trustee may maintain a proceeding even
if it does not possess any of the Securities or does not produce any of them in the proceeding. A delay or omission by the Trustee
or any Securityholder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy
or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other remedy. All available remedies
are cumulative.

 

Section
6.04 Waiver of Existing Defaults.

 

Subject to Section 10.02, the Holders
of a majority in principal amount of the outstanding Securities of a Series on behalf of all the Holders of the Series by notice
to the Trustee may waive an existing Default on such Series and its consequences. When a Default is waived, it is cured and stops
continuing, and any Event of Default arising therefrom shall be deemed to have been cured; but no such waiver shall extend to any
subsequent or other Default or impair any right consequent thereon.

 

    - 21 -

     

    

 

Section
6.05 Control by Majority.

 

The Holders of a majority in principal amount
of the outstanding Securities of a Series may direct the time, method and place of conducting any proceeding for any remedy available
to the Trustee or exercising any trust or power conferred on it with respect to such Series. The Trustee, however, may refuse to
follow any direction (i) that conflicts with law or this Indenture, (ii) that, subject to Section 7.01, the Trustee determines
is unduly prejudicial to the rights of other Securityholders, (iii) that would involve the Trustee in personal liability, if there
shall be reasonable grounds for believing that adequate indemnity against such liability is not reasonably assured to it, or (iv)
if the Trustee shall not have been provided with indemnity satisfactory to it.

 

Section
6.06 Limitation on Suits.

 

A Securityholder of a Series may not pursue
any remedy with respect to this Indenture or the Securities of a Series unless:

 

		(1)	the Holder gives to the Trustee written notice of a continuing Event of Default on the Series;

 

		(2)	the Holders of at least 25% in principal amount of the outstanding Securities of the Series make a written request to the Trustee
to pursue the remedy;

 

		(3)	such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense;

 

		(4)	the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and

 

		(5)	no written request inconsistent with such written request shall have been given to the Trustee pursuant to Section 6.05.

 

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

 

Section
6.07 Rights of Holders to Receive Payment and Convert.

 

Notwithstanding any other provision of this
Indenture, the right of any Holder to receive payment of principal of, premium, if any, and interest on any Security, on or after
the respective due dates expressed in the Security, or to bring suit for the enforcement of any such payment on or after such respective
dates, is absolute and unconditional and shall not be impaired or affected without the consent of the Holder. Notwithstanding anything
to the contrary in this Indenture or the Securities, the right of any Holder of Securities to convert such Securities in accordance
with this Indenture, or to bring suit for the enforcement of such right, shall not be impaired or affected without the consent
of the Holder.

 

    - 22 -

     

    

 

Section
6.08 Collection Suit by Trustee.

 

If an Event of Default in payment of interest
or principal specified in Section 6.01(1) or (2) occurs and is continuing, the Trustee may recover judgment in its
own name and as trustee of an express trust against the Company for the whole amount of principal and interest remaining unpaid.

 

Section
6.09 Trustee May File Proofs of Claim.

 

The Trustee may file such proofs of claim
and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim
for the reasonable compensation, expenses, disbursements, and advances of the Trustee, its agents and counsel) and the Securityholders
allowed in any judicial proceedings relative to the Company or its creditors or Property, and unless prohibited by applicable law
or regulation, may vote on behalf of the Holders in any election of a Custodian, and shall be entitled and empowered to collect
and receive any moneys or other Property payable or deliverable on any such claims and to distribute the same and any Custodian
in any such judicial proceeding is hereby authorized by each Securityholder to make such payments to the Trustee. Nothing herein
shall be deemed to authorize the Trustee to authorize or consent to or vote for or accept or adopt on behalf of any Securityholder
any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder or to authorize
the Trustee to vote in respect of the claim of any Securityholder except as aforesaid for the election of the Custodian.

 

Section
6.10 Priorities.

 

If the Trustee collects any money pursuant
to this Article with respect to Securities of any Series, it shall pay out the money in the following order:

 

		First:	to the Trustee for amounts due under Section 7.07;

 

		Second:	to Securityholders of the Series for amounts due and unpaid on the Series for principal and interest, ratably, without preference
or priority of any kind, according to the amounts due and payable on the Series for principal and interest, respectively; and

 

		Third:	to the Company or as a court of competent jurisdiction shall direct.

 

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

 

    - 23 -

     

    

 

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 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 the due regard to the merits and good faith of the claims or defenses made by the party litigant.
This Section 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 Series.

 

ARTICLE
Seven

TRUSTEE

 

Section
7.01 Duties of Trustee.

 

(a)        
If an Event of Default has occurred and is continuing with respect to Securities of any Series, the Trustee shall, prior
to the receipt of directions from the Holders of a majority in principal amount of the Securities of the Series, exercise its rights
and powers 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 their own affairs.

 

(b)        
Except during the continuance of an Event of Default:

 

(1)              
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.

 

(2)              
In the absence of bad faith, negligence or willful misconduct on its part, the Trustee may conclusively rely, as to the
truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee
and conforming to the requirements of this Indenture. The Trustee, however, in the case of certificates or opinions specifically
required by any provision hereof to be furnished to it, shall examine the certificates and opinions to determine whether or not
they conform to the requirements of this Indenture but need not confirm or investigate the accuracy of mathematical calculations
or other facts or matters stated therein.

 

(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:

 

(1)           
This paragraph does not limit the effect of paragraph (b) of this Section.

 

(2)           
The Trustee shall not be liable for any error of judgment made in good faith by a Trust Officer, unless it is proved that
the Trustee was negligent in ascertaining the pertinent facts.

 

    - 24 -

     

    

 

(3)           
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 or any other direction of the Holders permitted hereunder.

 

(d)        
Every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (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 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 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)        
None of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise
incur financial liability in the performance of any of its duties or in the exercise of any of its rights or powers, if there shall
be reasonable grounds for believing that the repayment of such funds or adequate indemnity against such liability is not reasonably
assured to it.

 

Section
7.02 Rights of Trustee.

 

Subject to Section 7.01:

 

(a)        
The Trustee may conclusively rely and shall be fully protected in acting or refraining from acting on any document, resolution,
certificate, instrument, report, or direction reasonably 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, resolution, certificate, instrument,
report, or direction.

 

(b)        
Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel
or both, which shall conform to Sections 12.04 and 12.05 hereof and containing such other statements as the Trustee
reasonably deems necessary to perform its duties hereunder. The Trustee shall not be liable for any action it takes or omits to
take in good faith in reliance on the Officers’ Certificate, Opinion of Counsel or any other direction of the Company permitted
hereunder.

 

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

 

(d)        
The Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorized
or within the discretion or rights or powers conferred upon it by this Indenture.

 

(e)        
The Trustee may consult with counsel of its selection, and the advice of such counsel or any Opinion of Counsel as to matters
of law shall be full and complete authorization and protection in respect of any action taken, omitted or suffered by it hereunder
in good faith and in accordance with the advice or opinion of such counsel.

 

    - 25 -

     

    

 

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

 

(g)         
For all purposes under this Indenture, the Trustee shall not be deemed to have notice or knowledge of any Event of Default
unless written notice of any Event of Default is received by the Trustee at the Corporate Trust Office hereof and such notice references
the Securities generally, the Company and this Indenture.

 

(h)         
The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request
or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or
indemnity reasonably satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by it in compliance
with such request or direction.

 

(i)          
The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness
or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts
or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled
to examine the books, records and premises of the Company, personally or by agent or attorney 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.

 

(j)         
In no event shall the Trustee be responsible or liable for special, indirect, or consequential loss or damage of any kind
whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood
of such loss or damage and regardless of the form of action.

 

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

 

(l)         
The Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of officers
authorized at such time to take specified actions pursuant to this Indenture.

 

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

 

    - 26 -

     

    

 

Section
7.03 Individual Rights of Trustee.

 

The Trustee in its individual or any other
capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or its affiliates with the same
rights it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee, however, must comply with
Sections 7.10 and 7.11.

 

Section
7.04 Trustee’s Disclaimer.

 

The Trustee makes no representation as to
the validity or adequacy of this Indenture, the Securities or of any prospectus used to sell the Securities of any Series; it shall
not be accountable for the Company’s use of the proceeds from the Securities; it shall not be accountable for any money paid
to the Company, or upon the Company’s direction, if made under and in accordance with 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 of the Company in this Indenture or in the Securities other than its certificate of authentication.

 

Section
7.05 Notice of Defaults.

 

If a Default on a Series occurs and is continuing
and if it is known to the Trustee, the Trustee shall deliver to each Securityholder of the Series notice of the Default (which
shall specify any uncured Default known to it) within 90 days after the Trustee obtains such knowledge. Except in the case of a
default in payment of principal of or interest on a Series, the Trustee may withhold the notice if and so long as the board of
directors of the Trustee, the executive or any trust committee of such directors and/or responsible officers of the Trustee in
good faith determine(s) that withholding the notice is in the interests of Holders of the Series.

 

Section
7.06 Reports by Trustee to Holders.

 

Within 60 days after each May 15 beginning
with the May 15 following the date of this Base Indenture and the first issuance of Securities hereunder, the Trustee shall mail
to each Securityholder a brief report dated as of such May 15 that complies with TIA § 313(a) (but if no event described in
TIA § 313(1) through (8) has occurred within the twelve months preceding the reporting date no report in relation thereto
need be transmitted). The Trustee also shall comply with TIA § 313(b).

 

A copy of each report at the time of its
mailing to Securityholders shall be delivered to the Company and filed by the Trustee with the SEC and each national securities
exchange on which the Securities are listed. The Company agrees to notify the Trustee of each national securities exchange on which
the Securities are listed.

 

    - 27 -

     

    

 

Section
7.07 Compensation and Indemnity.

 

The Company shall pay to the Trustee from
time to time reasonable compensation for its services subject to any written agreement between the Trustee and the Company (which
compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust). The
Company shall reimburse the Trustee upon request for all reasonable and documented 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
the Trustee, its officers, directors, employees and agents and hold it harmless against any loss, liability or expense incurred
or made by or on behalf of it in connection with the administration of this Indenture or the trust hereunder and its duties hereunder
including the costs and expenses of defending itself against or investigating any claim in the premises. The Trustee shall notify
the Company promptly of any claim of which it has received written notice and for which it may seek indemnity. The Company need
not reimburse any expense or indemnify against any loss or liability incurred by the Trustee through the Trustee’s, or its
officers’, directors’, or employees’ negligence, bad faith or willful misconduct.

 

Unless otherwise provided in any supplemental
indenture or Authorizing Resolution relating to any Series, to ensure the Company’s payment obligations in this Section,
the Trustee shall have a claim prior to the Securities of all Series on all money or Property held or collected by the Trustee,
except that held in trust to pay principal of or interest on particular Securities. When the Trustee incurs expenses or renders
services in connection with an Event of Default specified in Section 6.01 or in connection with Article Six hereof,
the expenses (including the reasonable fees and expenses of its counsel) and the compensation for services in connection therewith
are to constitute expenses of administration under any Bankruptcy Law. Section 7.07 shall survive the discharge of the Indenture
or resignation of Trustee.

 

Section
7.08 Replacement of Trustee.

 

The Trustee may resign with respect to Securities
of any or all Series by so notifying the Company. The Holders of a majority in principal amount of the outstanding Securities (or
of the relevant Series) may remove the Trustee by so notifying the removed Trustee in writing and may appoint a successor trustee
with the Company’s consent. Such resignation or removal shall not take effect until the appointment by the Securityholders
of the relevant Series or the Company as hereinafter provided of a successor trustee and the acceptance of such appointment by
such successor trustee. The Company may remove the Trustee and any Securityholder may petition any court of competent jurisdiction
for the removal of the Trustee and the appointment of a successor trustee for any or no reason, including if:

 

		(1)	the Trustee fails to comply with Section 7.10 after written request by the Company or any bona fide Securityholder who
has been a Securityholder for at least six months;

 

		(2)	the Trustee is adjudged a bankrupt or an insolvent;

 

		(3)	a receiver or other public officer takes charge of the Trustee or its Property; or

 

    - 28 -

     

    

 

		(4)	the Trustee becomes incapable of acting.

 

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 with respect
to the Securities of the relevant Series. If a successor trustee does not take office within 30 days after the retiring Trustee
resigns or is removed, the retiring Trustee at the expense of the Company, the Company or any Holder 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, upon
payment of its charges hereunder, transfer all Property held by it as Trustee to the successor trustee, 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. A successor trustee shall mail or send notice of its succession to each Securityholder.

 

Section
7.09 Successor Trustee by Merger, etc.

 

If the Trustee consolidates with, merges
with or into 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.

 

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 have a combined capital and surplus of at
least $10,000,000 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 shall comply with 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 therein.

 

ARTICLE
Eight

DISCHARGE OF INDENTURE

 

Section
8.01 Defeasance upon Deposit of Moneys or Government Obligations.

 

(a)        
The Company may, at its option and at any time, elect to have either paragraph (b) or paragraph (c) below
be applied to the outstanding Securities of any Series upon compliance with the applicable conditions set forth in paragraph
(d).

 

    - 29 -

     

    

 

(b)         
Upon the Company’s exercise under paragraph (a) of the option applicable to this paragraph (b) with
respect to any Series, the Company shall be deemed to have been released and discharged from its obligations with respect to the
outstanding Securities of the Series on the date the applicable conditions set forth below are satisfied (hereinafter, “Legal
Defeasance”). For this purpose, such Legal Defeasance means that the Company shall be deemed to have paid and discharged
the entire indebtedness represented by the outstanding Securities of a Series, which shall thereafter be deemed to be “outstanding”
only for the purposes of the Sections and matters under this Indenture referred to in (i) and (ii) below, and the Company shall
be deemed to have satisfied all its other obligations under such Securities and this Indenture insofar as such Securities are concerned,
except for the following which shall survive until otherwise terminated or discharged hereunder: (i) the rights of Holders of outstanding
Securities of a Series to receive solely from the trust fund described in paragraph (d) below and as more fully set forth
in such paragraph, payments in respect of the principal of and interest on such Securities when such payments are due and (ii)
obligations listed in Section 8.02, subject to compliance with this Section 8.01. The Company may exercise its option
under this paragraph (b) with respect to a Series notwithstanding the prior exercise of its option under paragraph (c)
below with respect to the Securities of the Series.

 

(c)         
Upon the Company’s exercise under paragraph (a) of the option applicable to this paragraph (c) with
respect to a Series, the Company shall be released and discharged from the obligations under any covenant contained in Article
Five, Section 4.03 and any other covenant contained in or referenced in the Authorizing Resolution or supplemental indenture
relating to such Series (to the extent such release and discharge shall not be prohibited thereby), on and after the date the conditions
set forth below are satisfied (hereinafter, “Covenant Defeasance”), and the Securities of such Series shall
thereafter be deemed to be not “outstanding” for the purpose 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. For this purpose, such Covenant Defeasance means that, with respect to the outstanding Securities
of a Series, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set
forth in the covenants described in the preceding sentence, 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(3) or otherwise, but,
except as specified above, the remainder of this Indenture and such Securities shall be unaffected thereby.

 

(d)         
The following shall be the conditions to application of either paragraph (b) or paragraph (c) above to the
outstanding Securities of the applicable Series:

 

(1)              
The Company shall have irrevocably deposited in trust with the Trustee (or another qualifying trustee), pursuant to an irrevocable
trust and security agreement in form and substance reasonably satisfactory to the Trustee, money in the currency in which the Securities
of such Series are payable or Government Obligations or a combination thereof in such amounts and at such times as are sufficient,
in the opinion of a nationally recognized firm of independent public accountants, to pay the principal of and interest on the outstanding
Securities of such Series to maturity or redemption; provided, however, that the Trustee (or other qualifying trustee)
shall have received an irrevocable written order from the Company instructing the Trustee (or other qualifying trustee) to apply
such money or the proceeds of such Government Obligations to said payments with respect to the Securities of such Series to maturity
or redemption;

 

    - 30 -

     

    

 

(2)              
No Default or Event of Default (other than a Default or Event of Default resulting from non-compliance with any covenant
from which the Company is released upon effectiveness of such Legal Defeasance or Covenant Defeasance pursuant to paragraph
(b) or (c) hereof, as applicable) shall have occurred and be continuing on the date of such deposit or result therefrom;

 

(3)              
(i) In the event the Company elects paragraph (b) hereof, the Company shall deliver to the Trustee an Opinion of
Counsel in the United States, in form and substance reasonably satisfactory to the Trustee, to the effect that (A) the Company
has received from, or there has been published by, the Internal Revenue Service a ruling or (B) since the Issue Date pertaining
to such Series, 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 state that, or (ii) in the event the Company elects paragraph (c) hereof, the Company
shall deliver to the Trustee an Opinion of Counsel in the United States, in form and substance reasonably satisfactory to the Trustee,
to the effect that, in the case of clauses (i) and (ii), and subject to customary assumptions and exclusions, 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 the defeasance contemplated hereby and will be subject to federal income tax in the same amounts and in the same manner and
at the same times as would have been the case if such deposit and defeasance had not occurred;

 

(4)              
The Company shall have delivered to the Trustee an Officers’ Certificate, stating that the deposit under clause
(1) was not made by the Company with the intent of preferring the Holders of the Securities of such Series over any other creditors
of the Company or with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company or others;

 

(5)              
The Company shall have delivered to the Trustee an Opinion of Counsel (subject to customary assumptions and qualifications)
to the effect that, assuming no intervening bankruptcy of the Company between the date of deposit and the 91st day following the
deposit and assuming that no Holder is an “insider” of the Company under applicable Bankruptcy Law, after the 91st
day following the deposit, the trust funds shall not be subject to the effect of Section 547 of the United States Bankruptcy Code
or any analogous New York State law provision; and

 

(6)              
The Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent specified herein relating to the defeasance contemplated by this Section 8.01 have been complied with.

 

In the event all or any portion of the Securities
of a Series are to be redeemed through such irrevocable trust, the Company must make arrangements satisfactory to the Trustee,
at the time of such deposit, for the giving of the notice of such redemption or redemptions by the Trustee in the name and at the
expense of the Company.

 

    - 31 -

     

    

 

(e)         
In addition to the Company’s rights above under this Section 8.01, the Company may terminate all of its obligations
under this Indenture with respect to a Series, when:

 

(1)              
All Securities of such Series theretofore authenticated and delivered (other than Securities which have been destroyed,
lost or stolen and which have been replaced or paid as provided in Section 2.07 and Securities for whose payment money has
theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged
from such trust) have been delivered to the Trustee for cancellation or all such Securities not theretofore delivered to the Trustee
for cancellation (A) have become due and payable, (B) will become due and payable at maturity within one year or (C) are to be
called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by
the Trustee in the name, and at the expense, of the Company, and in each such case, the Company has irrevocably deposited or caused
to be deposited with the Trustee (or another qualifying trustee) as trust funds in trust solely for that purpose an amount of money
in the currency in which the Securities of such Series are payable or Government Obligations or a combination thereof sufficient,
in the opinion of a nationally recognized firm of independent public accountants, to pay and discharge the entire indebtedness
on the Securities of such Series not theretofore delivered to the Trustee for cancellation, for principal of and interest on the
Securities of such Series, on the date of such deposit or to the maturity or redemption date, as the case may be;

 

(2)              
The Company has paid or caused to be paid all other sums payable hereunder by the Company;

 

(3)              
The Company has delivered irrevocable instructions to the Trustee (or such other qualifying trustee), to apply the deposited
money toward the payment of the Securities of such Series at maturity or redemption, as the case may be; and

 

(4)              
The Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, stating that all conditions
precedent specified in this Section 8.01(e) relating to the satisfaction and discharge of this Indenture have been complied
with.

 

Section
8.02 Survival of the Company’s Obligations.

 

Notwithstanding the satisfaction and discharge
of this Indenture under Section 8.01, the Company’s obligations in Paragraph 8 of the Securities and Sections
2.03 through 2.07, 4.01, 7.07, 7.08, 8.04 and 8.05, however, shall survive until
the Securities of an applicable Series are no longer outstanding. Thereafter, the Company’s obligations in Paragraph 8
of the Securities of such Series and Sections 7.07, 8.04 and 8.05 shall survive (as they relate to such Series)
such satisfaction and discharge.

 

Section
8.03 Application of Trust Money.

 

The Trustee shall hold in trust money or
Government Obligations deposited with it pursuant to Section 8.01. It shall apply the deposited money and the money from
Government Obligations in accordance with this Indenture to the payment of principal of and interest on the Securities of the defeased
Series.

 

    - 32 -

     

    

 

Section
8.04 Repayment to the Company.

 

The Trustee and the Paying Agent shall promptly
pay to the Company upon request any excess money or securities held by them at any time. The Trustee and the Paying Agent shall
pay to the Company upon request any money held by them for the payment of principal or interest that remains unclaimed for two
years, 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 a newspaper of general circulation in the City of New York or mail
to each such Holder notice that such money remains unclaimed and that, after a date specified therein, which shall not be less
than 30 days from the date of such publication or mailing, any unclaimed balance of such money then remaining will be repaid to
the Company. After payment to the Company, Securityholders entitled to the money must look to the Company for payment as general
creditors unless applicable abandoned property law designates another person and all liability of the Trustee or such Paying Agent
with respect to such money shall cease.

 

Section
8.05 Reinstatement.

 

If the Trustee is unable to apply any money
or Government Obligations in accordance with Section 8.01 by reason of any legal proceeding or by reason of any order or
judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s
obligations under this Indenture and the Securities relating to the Series shall be revived and reinstated as though no deposit
had occurred pursuant to Section 8.01 until such time as the Trustee is permitted to apply all such money or Government
Obligations in accordance with Section 8.01; provided, however, that (a) if the Company has made any payment
of interest on or principal of any Securities of the Series because of the reinstatement of its obligations hereunder, the Company
shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money or Government Obligations
held by the Trustee and (b) unless otherwise required by any legal proceeding or any order or judgment of any court or governmental
authority, the Trustee shall return all such money or Government Obligations to the Company promptly after receiving a written
request therefor at any time, if such reinstatement of the Company’s obligations has occurred and continues to be in effect.

 

    - 33 -

     

    

 

ARTICLE
Nine

RESERVED

 

ARTICLE
Ten

AMENDMENTS, SUPPLEMENTS AND WAIVERS

 

Section
10.01 Without Consent of Holders.

 

The Company and the Trustee may amend or
supplement this Indenture or the Securities of a Series without notice to or consent of any Securityholder of such Series:

 

		(1)	to cure any ambiguity, omission, defect or inconsistency;

 

		(2)	to comply with Article Five;

 

		(3)	to provide that specific provisions of this Indenture shall not apply to a Series not previously issued or to make a change
to specific provisions of this Indenture that only applies to any Series not previously issued or to additional Securities of a
Series not previously issued;

 

		(4)	to create a Series and establish its terms;

 

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

 

		(6)	to release a guarantor in respect of any Series which, in accordance with the terms of this Indenture applicable to the particular
Series, ceases to be liable in respect of its guarantee;

 

		(7)	to add a guarantor in respect of any Series;

 

		(8)	to secure any Series;

 

		(9)	to add to the covenants of the Company for the benefit of the Holders or surrender any right or power conferred upon the Company;

 

		(10)	to appoint a successor trustee with respect to the Securities;

 

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

 

		(12)	to make any other change that does not adversely affect the rights of Securityholders in any material respect; and

 

		(13)	to conform the provisions of the Indenture to the final offering memorandum or prospectus in respect of any Series.

 

After an amendment under this Section
10.01 becomes effective, the Company shall mail or send notice of such amendment to the Securityholders.

 

    - 34 -

     

    

 

Section
10.02 With Consent of Holders.

 

The Company and the Trustee may amend or
supplement any provision of the Securities of a Series or of this Indenture relating to such Series without notice to any Securityholder
of such Series but with the written consent of the Holders of at least a majority in principal amount of the outstanding Securities
of such Series (including consents obtained in connection with a purchase of, or tender offer or exchange offer for, Securities
of such Series). Each such Series shall vote as a separate class. The Holders of a majority in principal amount of the outstanding
Securities of any Series may waive compliance by the Company with any provision of the Securities of such Series or of this Indenture
relating to such Series without notice to any Securityholder (including any waiver granted in connection with a purchase of, or
tender offer or exchange offer for, Securities of such Series). Without the consent of each Holder of a Security the terms of which
are directly amended, supplemented or waived, however, an amendment, supplement or waiver, including a waiver pursuant to Section
6.04, may not (with respect to any Securities of such Series held by a non-consenting Holder):

 

(1)              
reduce the amount of Securities of the relevant Series whose Holders must consent to an amendment, supplement or waiver;

 

(2)              
reduce the rate of or extend the time for payment of interest, including defaulted interest, on any Security;

 

(3)              
reduce the principal of or extend the fixed maturity of any Security or alter the provisions (including related definitions)
with respect to redemption of any Security pursuant to Article Three hereof or with respect to any obligations on the part
of the Company to offer to purchase or to redeem Securities of a Series pursuant to the Authorizing Resolution or supplemental
indenture pertaining to such Series in a manner adverse to Holders;

 

(4)              
make any change that adversely affects any right of a Holder to convert or exchange any Security into or for shares of the
Company’s Capital Stock or other securities, cash or other property in accordance with the terms of such Security;

 

(5)              
modify the ranking or priority of the Securities of the relevant Series or any guarantee thereof;

 

(6)              
release any guarantor of any Series from any of its obligations under its guarantee or this Indenture otherwise than in
accordance with the terms of this Indenture;

 

(7)              
make any change in Sections 6.04, 6.07 or this Section 10.02, except to increase the percentage required
for modification or waiver or to provide for consent of each affected Holder of Securities of such Series;

 

(8)              
waive a continuing Default or Event of Default in the payment of the principal of or interest on any Security; or

 

(9)              
make any Security payable at a place or in money other than that stated in the Security, or impair the right of any Securityholder
to bring suit as permitted by Section 6.07.

 

    - 35 -

     

    

 

An amendment of a provision included solely
for the benefit of one or more Series does not affect the interests of Securityholders of any other Series.

 

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

 

Section
10.03 Compliance with Trust Indenture Act.

 

Every amendment to or supplement of this
Indenture or any Securities shall comply with the TIA as then in effect.

 

Section
10.04 Revocation and Effect of Consents.

 

A consent to an amendment, supplement or
waiver by a Holder shall bind 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. Unless otherwise
provided in the consent or the consent solicitation statement or other document describing the terms of the consent, any Holder
or subsequent Holder may revoke the consent as to its Security or portion of a Security. Any revocation of a consent by the Holder
of a Security or any such subsequent Holder shall be effective only if the Trustee receives the notice of revocation before the
date on which the Trustee receives an Officers’ Certificate from the Company certifying that the requisite number of consents
have been received.

 

The Company may, but shall not be obligated
to, fix a record date for the purpose of determining the Holders of Securities of any Series entitled to consent to any amendment,
supplement or waiver, which record date shall be at least 10 days prior to the first solicitation of such consent. If a record
date is fixed, and if Holders otherwise have a right to revoke their consent under the consent or the consent solicitation statement
or other document describing the terms of the consent, then notwithstanding the second to last sentence of 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 revoke any consent previously given, whether or not such Persons continue to be Holders after such record date.
No such consent shall be valid or effective for more than 90 days after such record date.

 

An amendment, supplement or waiver with
respect to a Series becomes effective upon the (i) receipt by the Company or the Trustee of the requisite consents, (ii) satisfaction
of any conditions to effectiveness as set forth in this Indenture or any indenture supplemental hereto containing such amendment,
supplement or waiver and (iii) execution of such amendment, supplement or waiver (or the related supplemental indenture) by the
Company and the Trustee. After an amendment, supplement or waiver with respect to a Series becomes effective, it shall bind every
Holder of such Series, unless it makes a change described in any of clauses (1) through (9) of Section 10.02,
in which case, the amendment, supplement or waiver shall bind a Holder of a Security of such Series only if it has consented to
such amendment, supplement or waiver and every subsequent Holder of a Security or portion of a Security that evidences the same
debt as the consenting Holder’s Security; provided that no such waiver shall impair or affect the right of any Holder to
receive payment of principal of and interest on a Security, on or after the respective due dates expressed in such Security, or
to bring suit for the enforcement of any such payment on or after such respective dates without the consent of such Holder.

 

    - 36 -

     

    

 

Section
10.05 Notation on or Exchange of Securities.

 

If an amendment, supplement or waiver changes
the terms of a Security, the Company may require the Holder of the Security to deliver it to the Trustee, at which time the Trustee
shall place an appropriate notation on the Security about the changed terms and return it to the Holder. Alternatively, if the
Company or the Trustee so determines, the Company in exchange for the Security shall issue and the Trustee shall authenticate a
new Security that reflects the changed terms.

 

Section
10.06 Trustee to Sign Amendments, etc.

 

Subject to Section 7.02(b), the Trustee
shall sign any amendment, supplement or waiver authorized pursuant to this Article if the amendment, supplement or waiver does
not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may but need not sign
it. In signing or refusing to sign such amendment or supplemental indenture, the Trustee shall be provided with and shall be fully
protected in relying upon, an Officers’ Certificate and an Opinion of Counsel as conclusive evidence that such amendment,
supplement or waiver is authorized or permitted by this Indenture, and (solely with respect to such Opinion of Counsel) that it
will be valid and binding upon the Company and enforceable in accordance with its terms.

 

ARTICLE
Eleven

SECURITIES IN FOREIGN CURRENCIES

 

Section
11.01 Applicability of Article.

 

Whenever this Indenture provides for (i)
any action by, or the determination of any of the rights of, Holders of Securities of any Series in which not all of such Securities
are denominated in the same currency, or (ii) any distribution to Holders of Securities, in the absence of any provision to the
contrary pursuant to this Indenture or the Securities of any particular Series, any amount in respect of any Security denominated
in a Foreign Currency shall be treated for any such action or distribution as that amount of Dollars that could be obtained for
such amount on such reasonable basis of exchange and as of the record date with respect to Securities of such Series (if any) for
such action, determination of rights or distribution (or, if there shall be no applicable record date, such other date reasonably
proximate to the date of such action, determination of rights or distribution) as the Company may specify in a written notice to
the Trustee or, in the absence of such written notice, as the Trustee may determine.

 

    - 37 -

     

    

 

ARTICLE
Twelve

MISCELLANEOUS

 

Section
12.01 Trust Indenture Act Controls.

 

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

 

Section
12.02 Notices.

 

Any order, consent, notice or communication
shall be sufficiently given if in writing and delivered in person or mailed by first class mail, postage prepaid, addressed as
follows:

 

if to the Company:

 

AdaptHealth Corp.

220 West Germantown Pike, Suite 250

Plymouth Meeting, PA 19462

Attn:General Counsel

 

if to the Trustee:

 

[       ]

 

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 mailed to a
Securityholder shall be mailed to them by first class mail at their address as it appears on the registration books of the Registrar
and shall be sufficiently given to them if so mailed within the time prescribed. 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 or repurchase)
to a Holder of a Global Security (whether by mail or otherwise), such notice shall be sufficiently given if given to the Depositary
(or its designee) pursuant to the standing instructions from the Depositary or its designee, including by electronic mail in accordance
with Applicable Procedures.

 

Failure to mail or send a notice or communication
to a Securityholder or any defect in it shall not affect its sufficiency with respect to other Securityholders. If a notice or
communication is mailed or sent in the manner provided above, it is duly given, whether or not the addressee receives it except
that notice to the Trustee shall only be effective upon receipt thereof by the Trustee.

 

If the Company mails or sends notice or
communications to the Securityholders, it shall mail or send a copy to the Trustee at the same time.

 

    - 38 -

     

    

 

In addition to the foregoing, the Trustee
agrees to accept and act upon notice, instructions or directions pursuant to this Indenture sent by unsecured e-mail, facsimile
transmission or other similar unsecured electronic methods. If the party elects to give the Trustee e-mail or facsimile instructions
(or instructions by a similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s
understanding of such instructions shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses
arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions notwithstanding such
instructions conflict or are inconsistent with a subsequent written instruction. The party providing electronic instructions agrees
to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including
without limitation the risk of the Trustee acting on unauthorized instructions, and the risk of interception and misuse by third
parties.

 

Section
12.03 Communications by Holders with Other Holders.

 

Securityholders may communicate pursuant
to TIA § 312(b) with other Securityholders 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 § 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:

 

		(1)	an Officers’ Certificate (which shall include the statements set forth in Section 12.05) 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

 

		(2)	an Opinion of Counsel (which shall include the statements set forth in Section 12.05) stating that, in the opinion of
such counsel, all such conditions precedent, if any, provided for in this Indenture relating to the proposed action or inaction,
have been complied with.

 

Any Officers’ Certificate may be based,
and may state that it is so based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations
by, internal or external legal counsel. Any Opinion of Counsel may be based, and may state that it is so based, insofar as it relates
to factual matters, upon a certificate or opinion of, or representations by, an Officer or Officers of the Company or any guarantor
stating that the information with respect to such factual matters is known to the Company or such guarantor, unless such counsel
knows that the certificate or opinion or representations with respect to such matters are erroneous.

 

    - 39 -

     

    

 

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:

 

		(1)	a statement that the person making such certificate or opinion has read such covenant or condition;

 

		(2)	a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained
in such certificate or opinion are based;

 

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

 

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

 

Section
12.06 Rules by Trustee and Agents.

 

The Trustee may make reasonable rules for
action by or a meeting of Securityholders. The Registrar or Paying Agent may make reasonable rules for its functions.

 

Section
12.07 Legal Holidays.

 

A “Legal Holiday” is
a Saturday, a Sunday, a legal holiday or a day on which banking institutions in New York, New York are not required to be open.
If a payment date is a Legal Holiday, payment may be made on the next succeeding day that is not a Legal Holiday with the same
force and effect as if made on such payment date, and no interest shall accrue for the intervening period. If this Indenture provides
for a time period that ends or requires performance of any non-payment obligation by a day that is not a Business Day, then such
time period shall instead be deemed to end on, and such obligation shall instead be performed by, the next succeeding Business
Day. A “Business Day” is any day other than a Legal Holiday.

 

Section
12.08 Governing Law.

 

The laws of the State of New York shall
govern this Indenture and the Securities of each Series.

 

Section
12.09 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. Any such indenture, loan or debt agreement may not be
used to interpret this Indenture.

 

    - 40 -

     

    

 

Section
12.10 No Recourse Against Others.

 

All liability described in Paragraph
12 of the Securities of any director, officer, employee or stockholder, as such, of the Company is, to the fullest extent permitted
by applicable law, waived and released.

 

Section
12.11 Successors and Assigns.

 

All covenants and agreements of the Company
in this Indenture and the Securities shall bind its successors and assigns. All agreements of the Trustee in this Indenture shall
bind its successors and assigns.

 

Section
12.12 Duplicate Originals.

 

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

 

Section
12.13 Severability.

 

In case any one or more of the provisions
contained in this Indenture or in the Securities of a Series shall for any reason be held to be invalid, illegal or unenforceable
in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Indenture or of such
Securities.

 

Section
12.14 Waiver of Jury Trial.

 

EACH OF THE COMPANY AND THE TRUSTEE, AND
EACH SECURITY HOLDER BY ITS ACCEPTANCE THEREOF, HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTION
CONTEMPLATED HEREBY.

 

[Signature Page Follows]

 

    - 41 -

     

    

 

SIGNATURES 

 

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

 

	 	ADAPTHEALTH
    CORP.
	 	 
	 	 
	 	By:	                   
	 	Name:	 
	 	
 Title:	 
	 	 
	 	[       ], as Trustee
	 	 
	 	 
	 	By:	 
	 	Name:
	 	
 Title:

 

    - 42 -

     

    

 

EXHIBIT A

 

	No. [       ]	CUSIP/ISIN No.: [        ]

 

[Title of Security]

 

 

ADAPTHEALTH
CORP.

a Delaware corporation

 

promises to pay to [      ] or registered assigns the principal sum
of [Dollars]* on [      ] .

 

Interest Payment Dates: [      ] and [      ]

 

Record Dates: [      ] and [      ]

 

* Or other currency. Insert corresponding provisions on reverse
side of Security in respect of foreign currency denomination or interest payment requirement.

 

    A-1

     

    

 

	 	ADAPTHEALTH CORP.
	 	 
	 	 
	 	By:	                 
	 	Name:
	 	Title:

 

[      ],

 

as Trustee, certifies that this is one of the Securities

referred to in the within mentioned Indenture.

 

Dated: [      ]

 

 

	By:	
 	 
	 	Authorized Signatory	 

 

    A-2

     

    

 

ADAPTHEALTH CORP.

 

[Title of Security]

 

ADAPTHEALTH CORP., a Delaware corporation
(together with its successors and assigns, the “Company”), issued this Security under an Indenture dated as
of [      ] (as amended, modified or supplemented from time to time in accordance therewith, the “Base Indenture”),
as supplemented by the Supplemental Indenture dated as of [      ] (the “Supplemental Indenture” and together with
the Base Indenture, the “Indenture”), by and among the Company and [      ], as trustee (in such capacity, the “Trustee”),
to which reference is hereby made for a statement of the respective rights, obligations, duties and immunities thereunder of the
Company, the Trustee and the Holders and of the terms upon which the Securities are, and are to be, authorized and delivered. All
terms used in this Security that are defined in the Indenture shall have the meanings assigned to them therein.

 

1.           
Interest. The Company promises to pay interest on the principal amount of this Security at the rate per
annum shown above. The Company will pay interest semiannually on [     ] and [      ] of each year, commencing
[      ], until the principal is paid or made available for payment. Interest on the Securities will accrue from the most recent date
to which interest has been paid or duly provided for or, if no interest has been paid, from [      ]. Interest will be computed on the
basis of a 360-day year of twelve 30-day months.

 

2.           
Method of Payment. The Company will pay interest on the Securities (except defaulted interest, if any,
which will be paid on such special payment date to Holders of record on such special record date as may be fixed by the Company)
to the persons who are registered Holders of Securities at the close of business on the [Insert record dates] immediately preceding
the interest payment date. Holders must surrender Securities to a Paying Agent to collect principal payments. The Company will
pay principal and interest in money of [Insert applicable country or currency] that at the time of payment is legal tender for
payment of public and private debts.

 

3.          
Paying Agent and Registrar. Initially, the Trustee will act as Paying Agent and Registrar. The Company
may change or appoint any Paying Agent, Registrar or co-Registrar without notice. The Company or any of its Subsidiaries or any
of their Affiliates may act as Paying Agent, Registrar or co-Registrar.

 

4.          
Optional Redemption.1
[Insert provisions relating to redemption at option of Holders, if any]

 

Notice of redemption will be mailed or
sent at least 30 days but not more than 60 days before the redemption date to each Holder of Securities to be redeemed at its
registered address. Securities in denominations larger than2 [     ] may be redeemed in part. On
and after the redemption date interest ceases to accrue on Securities or portions of them called for redemption, provided
that if the Company shall default in the payment of such Securities at the redemption price together with accrued interest, interest
shall continue to accrue at the rate borne by the Securities.

 

 

1
  If applicable.

2  Insert
applicable denominations and multiples.

 

    A-3

     

    

 

5.          
Mandatory Redemption.3
The Company shall redeem [      ]% of the aggregate principal amount of Securities originally issued under the Indenture on each of
[     ], which redemptions are calculated to retire [      ]% of the Securities originally issued prior to maturity. Such redemptions shall
be made at a redemption price equal to 100% of the principal amount thereof, together with accrued interest to the redemption date.
The Company may reduce the principal amount of Securities to be redeemed pursuant to this Paragraph 5 by the principal amount of
any Securities previously redeemed, retired or acquired, otherwise than pursuant to this Paragraph 5, that the Company has
delivered to the Trustee for cancellation and not previously credited to the Company’s obligations under this Paragraph
5. Each such Security shall be received and credited for such purpose by the Trustee at the redemption price and the amount
of such mandatory redemption payment shall be reduced accordingly.

 

6.           Denominations,
Transfer, Exchange. The Securities are in registered form only without coupons in denominations of [
     ]4 and
integral multiples of in excess thereof.
5 A Holder may transfer or exchange Securities by presentation of such Securities to the Registrar or a
co-Registrar with a request to register the transfer or to exchange them for an equal principal amount of Securities of other
denominations. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer
documents and to pay any taxes and fees required by law or permitted by the Indenture. The Registrar need not transfer or
exchange any Security selected for redemption or purchase, except the unredeemed or unpurchased part thereof if the Security
is redeemed or purchased in part, or transfer or exchange any Securities for a period of 15 days before a selection of
Securities to be redeemed or purchased.

 

7.           
Persons Deemed Owners. The registered Holder of this Security shall be treated as the owner of it for
all purposes.

 

8.           
Unclaimed Money. Subject to any applicable abandoned property law, the Trustee and the Paying Agent shall
pay to the Company upon written request any money held by them for the payment of principal or interest that remains unclaimed
for two years, and thereafter, Holders entitled to the money must look to the Company for payment as general creditors.

 

9.          
Amendment, Supplement, Waiver. Subject to certain exceptions, the Indenture or the Securities of a Series
may be amended or supplemented with the consent of the Holders of at least a majority in principal amount of the outstanding Securities
of such Series and any past default or compliance with any provision relating to any Series of the Securities may be waived in
a particular instance with the consent of the Holders of a majority in principal amount of the outstanding Securities of such Series.6
Without the consent of any Securityholder, the Company and the Trustee may amend or supplement the Indenture or the Securities
in certain respects as specified in the Indenture.

 

 

3  If applicable.

4  Insert
applicable denominations and multiples.

5  Insert
applicable denominations and multiples.

6  If different
terms apply, insert a brief summary thereof.

 

    A-4

     

    

 

10.        
Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under
the Securities and the Indenture, the predecessor corporation will be released from those obligations.

 

11.        
Trustee Dealings With Company. Subject to certain limitations imposed by the TIA, the Trustee under the
Indenture, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company
or its affiliates, and may otherwise deal with the Company or its affiliates, as if it were not Trustee, including owning or pledging
the Securities.

 

12.        
No Recourse Against Others. A director, officer, employee or stockholder, 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. The waiver may not be effective to waive
liabilities under the federal securities laws.

 

13.        
Discharge of Indenture. The Indenture contains certain provisions pertaining to defeasance and discharge,
which provisions shall for all purposes have the same effect as if set forth herein.

 

14.        
Authentication. This Security shall not be valid until an authorized signatory of the Trustee signs the
certificate of authentication on the other side of this Security.

 

15.        
Abbreviations. Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN
COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as
tenants in common), CUST (= custodian), and U/G/M/A (= Uniform Gift to Minors Act).

 

16.         
GOVERNING LAW. THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE
OF NEW YORK.

 

17.        
CUSIP and ISIN Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Company has caused CUSIP and ISIN numbers to be printed on the Securities and has directed the Trustee
to use CUSIP and ISIN numbers in notices as a convenience to Holders. No representation is made as to the accuracy of such numbers
either as printed on the Securities or as contained in any notice and reliance may be placed only on the other identification numbers
placed thereon.

 

18.        
Copies. The Company will furnish to any Holder upon written request and without charge a copy of the Indenture
and the applicable Authorizing Resolution or supplemental indenture. Requests may be made to: AdaptHealth Corp., 220 West Germantown
Pike, Suite 250, Plymouth Meeting, PA 19462, Attention: Secretary.

 

    A-5

     

    

 

ASSIGNMENT FORM 

 

If you the Holder want to assign this Security, fill in the
form below:

 

I or we assign and transfer this Security
to (insert assignee’s social security or tax ID number)

 

 

 

	 
	 
	 
	 
	(Print or type assignee’s name, address, and zip code)

 

and irrevocably appoint agent to transfer this Security on the
books of the Company. The agent may substitute another to act for him.

 

	Date: 	 	 	 	
        
 

        

	
        

        
	 	Your signature
	 	 	(Sign exactly as your name appears on the other side of this
        Security)
	Signature Guarantee:	 	 
	 	 	 

 

 

    A-6

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