Document:

EXHIBIT 4.17

 

 

INDENTURE

 

BETWEEN

 

FOREST OIL CORPORATION

 

AND

 

______________________,

 

AS TRUSTEE

 

Guaranteed to the extent set
forth therein by the Guarantors named herein

 

DATED AS OF ____________,
201_

 

SENIOR DEBT SECURITIES

(Issuable in Series)

 

    	 

    	 

    
 

  

TABLE OF CONTENTS

 

ARTICLE 1

 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

 

	Section 1.1	Definitions.	1
	Section 1.2	Incorporation by Reference of Trust Indenture Act.	9
	Section 1.3	Compliance Certificates and Opinions.	10
	Section 1.4	Form of Documents Delivered to Trustee.	10
	Section 1.5	Acts of Holders; Record Dates.	11
	Section 1.6	Notices, etc., to Trustee and Company.	13
	Section 1.7	Notice to Holders; Waiver.	13
	Section 1.8	Conflict with Trust Indenture Act.	14
	Section 1.9	Effect of Headings and Table of Contents.	14
	Section 1.10	Successors and Assigns.	14
	Section 1.11	Separability Clause.	14
	Section 1.12	Benefits of Indenture.	14
	Section 1.13	Governing Law.	15
	Section 1.14	Legal Holidays.	15
	Section 1.15	Indenture and Securities Solely Corporate Obligations.	15
	Section 1.16	Indenture May be Executed in Counterparts.	16

 

ARTICLE 2

 

SECURITY FORMS

 

	Section 2.1	Forms Generally.	16
	Section 2.2	Form of Trustee’s Certificate of Authentication.	16
	Section 2.3	Global Securities.	17
	Section 2.4	Form of Legend for Global Securities.	19

 

ARTICLE 3

 

THE SECURITIES

 

	Section 3.1	Amount Unlimited; Issuable in Series.	19
	Section 3.2	Denominations.	23
	Section 3.3	Execution, Authentication, Delivery and Dating.	23
	Section 3.4	Temporary Securities.	25
	Section 3.5	Registration; Registration of Transfer and Exchange.	26
	Section 3.6	Mutilated, Destroyed, Lost and Stolen Securities.	27
	Section 3.7	Payment of Interest; Interest Rights Preserved.	28
	Section 3.8	Persons Deemed Owners.	29
	Section 3.9	Cancellation.	30
	Section 3.10	Computation of Interest.	30

 

    	 

    	 

    
 

ARTICLE 4

 

SATISFACTION AND DISCHARGE

 

	Section 4.1	Satisfaction and Discharge of Indenture.	30
	Section 4.2	Application of Trust Money.	31
	Section 4.3	Reinstatement.	32

 

ARTICLE 5

 

REMEDIES

 

	Section 5.1	Events of Default.	32
	Section 5.2	Acceleration of Maturity; Rescission and Annulment.	34
	Section 5.3	Collection of Indebtedness and Suits for Enforcement by Trustee.	35
	Section 5.4	Trustee May File Proofs of Claim.	36
	Section 5.5	Trustee May Enforce Claims Without Possession of Securities.	37
	Section 5.6	Application of Money Collected.	37
	Section 5.7	Limitation on Suits.	38
	Section 5.8	Right of Holders to Receive Principal, Premium and Interest.	38
	Section 5.9	Restoration of Rights and Remedies.	38
	Section 5.10	Rights and Remedies Cumulative.	39
	Section 5.11	Delay or Omission Not Waiver.	39
	Section 5.12	Control by Holders.	39
	Section 5.13	Waiver of Past Defaults.	40
	Section 5.14	Undertaking for Costs.	40

 

ARTICLE 6

 

THE TRUSTEE

 

	Section 6.1	Certain Duties and Responsibilities.	40
	Section 6.2	Notice of Defaults.	42
	Section 6.3	Certain Rights of Trustee.	42
	Section 6.4	Not Responsible for Recitals or Issuance of Securities.	43
	Section 6.5	May Hold Securities and Act as Trustee under Other Indentures.	43
	Section 6.6	Money Held in Trust.	43
	Section 6.7	Compensation and Reimbursement.	44
	Section 6.8	Conflicting Interests.	44
	Section 6.9	Eligibility; Disqualification.	45
	Section 6.10	Resignation and Removal; Appointment of Successor.	45
	Section 6.11	Acceptance of Appointment by Successor.	47
	Section 6.12	Merger, Conversion, Consolidation or Succession to Business.	48
	Section 6.13	Preferential Collection of Claims Against Company.	48
	Section 6.14	Appointment of Authenticating Agent.	48

 

    	 

    	 

    
 

ARTICLE 7

 

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

 

	Section 7.1	Company to Furnish Trustee Names and Addresses of Holders.	50
	Section 7.2	Preservation of Information; Communications to Holders.	50
	Section 7.3	Reports by Trustee.	51
	Section 7.4	Reports by Company.	51

 

ARTICLE 8

 

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE

 

	Section 8.1	Company May Consolidate, etc., Only on Certain Terms.	51
	Section 8.2	Successor Substituted.	52

 

ARTICLE 9

 

SUPPLEMENTAL INDENTURES

 

	Section 9.1	Supplemental Indentures Without Consent of Holders.	52
	Section 9.2	Supplemental Indentures with Consent of Holders.	53
	Section 9.3	Execution of Supplemental Indentures.	55
	Section 9.4	Effect of Supplemental Indentures.	55
	Section 9.5	Conformity with Trust Indenture Act.	55
	Section 9.6	Reference in Securities to Supplemental Indentures.	55

 

ARTICLE 10

 

COVENANTS

 

	Section 10.1	Payment of Principal, Premium and Interest.	55
	Section 10.2	Maintenance of Office or Agency.	56
	Section 10.3	Money for Securities Payments to be Held in Trust.	56
	Section 10.4	Statement by Officers as to Default.	57
	Section 10.5	Existence.	58
	Section 10.6	All Securities to be Equally and Ratably Secured.	58
	Section 10.7	Maintenance of Properties.	58
	Section 10.8	Payment of Taxes and Other Claims.	58
	Section 10.9	Waiver of Certain Covenants.	58
	Section 10.10	Additional Amounts.	59

 

ARTICLE 11

 

REDEMPTION OF SECURITIES

 

	Section 11.1	Applicability of Article.	59
	Section 11.2	Election to Redeem; Notice to Trustee.	59

  

    	 

    	 

    
 

	Section 11.3	Selection by Trustee of Securities to Be Redeemed.	60
	Section 11.4	Notice of Redemption.	60
	Section 11.5	Deposit of Redemption Price.	61
	Section 11.6	Securities Payable on Redemption Date.	62
	Section 11.7	Securities Redeemed in Part.	62

  

ARTICLE 12

 

SINKING FUNDS

 

	Section 12.1	Applicability of Article.	62
	Section 12.2	Satisfaction of Sinking Fund Payments with Securities.	63
	Section 12.3	Redemption of Securities for Sinking Fund.	63

 

ARTICLE 13

 

DEFEASANCE AND COVENANT DEFEASANCE

 

	Section 13.1	Company’s Option to Effect Defeasance or Covenant Defeasance.	63
	Section 13.2	Defeasance and Discharge.	64
	Section 13.3	Covenant Defeasance.	64
	Section 13.4	Conditions to Defeasance or Covenant Defeasance.	65
	Section 13.5	Deposited Money, U. S. Government Obligations and Foreign Government Obligations to be Held in Trust; Miscellaneous Provisions.	67
	Section 13.6	Reinstatement.	67

 

ARTICLE 14

 

GUARANTEES

 

	Section 14.1	Guarantee.	68

 

    	 

    	 

    
  

FOREST OIL CORPORATION

 

This Cross Reference Sheet
shows the location in the Indenture of the provisions inserted pursuant to Sections 3.10 through 3.18, inclusive, of the Trust
Indenture Act of 1939:

 

	Section 310	 	(a) (1)	6.9
	 	 	(a) (2)	6.9
	 	 	(a) (3)	6.9
	 	 	(a) (4)	Not Applicable
	 	 	(a) (5)	6.9
	 	 	(b)	6.8, 6.10
	 	 	(c)	Not Applicable
	Section 311	 	(a)	6.13
	 	 	(b)	6.13
	 	 	(c)	Not Applicable
	Section 312	 	(a)	7.1, 7.2
	 	 	(b)	7.2
	 	 	(c)	7.2
	Section 313	 	(a)	7.3
	 	 	(b)	7.3
	 	 	(c)	7.3
	 	 	(d)	7.3
	Section 314	 	(a) (1)	7.4
	 	 	(a) (2)	7.4
	 	 	(a) (3)	7.4
	 	 	(a) (4)	1.1, 10.4
	 	 	(b)	Not Applicable
	 	 	(c) (1)	1.3
	 	 	(c) (2)	1.3
	 	 	(c) (3)	Not Applicable
	 	 	(d)	Not Applicable
	 	 	(e)	1.3
	Section 315	 	(a)	6.1
	 	 	(b)	6.2
	 	 	(c)	6.1
	 	 	(d)	6.1
	 	 	(e)	5.14
	Section 316	 	(a)	1.1
	 	 	(a) (1) (A)	5.2, 5.12
	 	 	(a) (1) (B)	5.13
	 	 	(a) (2)	Not Applicable
	 	 	(b)	5.8
	 	 	(c)	1.5
	Section 317	 	(a) (1)	5.3
	 	 	(a) (2)	5.4
	 	 	(b)	10.3
	Section 318	 	(a)	1.8

 

NOTE:  This Cross Reference Sheet is
not part of the Indenture.

 

    	 

    	 

    
  

INDENTURE

 

INDENTURE, dated as of ___________________,
between FOREST OIL CORPORATION, a Delaware corporation (the “Company”), having its principal office at 707 17th
Street, Suite 3600, Denver, Colorado 80202, the guarantors listed on Schedule 1 hereto (herein called the “Guarantors”)
and ______________________, as trustee, (the “Trustee”), the office of the Trustee at which at the date hereof
its corporate trust business is principally administered being ___________________.

 

RECITALS

 

The Company has duly authorized
the execution and delivery of this Indenture to provide for the issuance from time to time of its debentures, notes or other evidences
of indebtedness (the “Securities”), to be issued in one or more series as herein provided.

 

This Indenture is subject
to the provisions of the Trust Indenture Act and the rules and regulations of the Commission promulgated thereunder that are required
to be part of this Indenture and, to the extent applicable, shall be governed by such provisions.

 

All things necessary to
make this Indenture a valid agreement of the Company, in accordance with its terms, have been done.

 

NOW, THEREFORE, for and
in consideration of the premises and the purchase of the Securities by the Holders thereof, each party agrees for the benefit of
the other party and for the equal and ratable benefit of the Holders of the Securities, or of series thereof, issued under this
Indenture, as follows:

 

ARTICLE 1

 

DEFINITIONS AND OTHER PROVISIONS
OF GENERAL APPLICATION

 

Section 1.1               Definitions.

 

For all purposes of this
Indenture, except as otherwise expressly provided or unless the context otherwise requires:

 

(1)           the
terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular;

 

(2)           all
accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting
principles in the United States of America, and, except as otherwise herein expressly provided, the term “generally accepted
accounting principles” with respect to any computation required or permitted hereunder shall mean such accounting principles
in the United States of America as are generally accepted as of the time when and for the period as to which such accounting principles
are to be applied;

 

(3)           “or”
is not exclusive;

 

    	 

    	 

    
 

(4)           any
reference to an “Article” or a “Section” refers to an Article or a Section, as the case may
be, of this Indenture;

 

(5)           the
words “herein,” “hereof” and “hereunder” and other words of similar import
refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; and

 

(6)           certain
terms, used principally in Article 6, are defined in Section 1.2.

  

“Act,”
when used with respect to any Holder, has the meaning specified in Section 1.5.

 

“Additional Amounts”
means any additional amounts that are required by the express terms of a Security or by or pursuant to a Board Resolution, under
circumstances specified therein or pursuant thereto, to be paid by the Company with respect to certain taxes, assessments or other
governmental charges imposed on certain Holders and that are owing to such Holders.

 

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

 

“Authenticating
Agent” means any Person, which may include the Company, authorized by the Trustee pursuant to Section 6.14 to
act on behalf of the Trustee to authenticate Securities of one or more series.

 

“Authorized Newspaper”
means a newspaper of general circulation in the New York, New York area, printed in the English language and customarily published
on each Business Day, whether or not published on Saturdays, Sundays or holidays.  Whenever successive weekly publications
in an Authorized Newspaper are required hereunder they may be made (unless otherwise expressly provided herein) on the same or
different days of the week and in the same or in different Authorized Newspapers.

 

“Bankruptcy Law”
means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors.

 

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

 

“Board Resolution”
means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the
Board of directors and to be in full force and effect on the date of such certification, and delivered to the Trustee.

 

“Business Day,”
when used with respect to any Place of Payment, means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on
which banking institutions in that Place of Payment, or the city in which the Corporate Trust Office is located, are authorized
or obligated by law or executive order to close.

 

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“Commission”
means the Securities and Exchange Commission, from time to time constituted, created under the Exchange Act, or, if at any time
after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust
Indenture Act, then the body performing such duties at such time.

 

“Common Shares”
includes any shares of capital stock of any class of the Company which has no preference in respect of dividends or of amounts
payable in the event of any voluntary or involuntary liquidation, dissolution or winding-up of the Company and which is not subject
to redemption by the Company.

 

“Company”
means the Person named as the “Company” in the first paragraph of this instrument until a successor Person shall
have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean
such successor Person.

 

“Company Request”
or “Company Order” means, respectively, a written request or order signed in the name of the Company by its
Chairman of the Board, its Chief Executive Officer, its President or a Vice President, and by its principal financial officer,
its Controller, an Assistant Controller, its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered
to the Trustee.

 

“Corporate Trust
Office” means the corporate trust office of the Trustee at [ ], Attention: Corporate Trust Department, or such other
office, designated by the Trustee by written notice to the Company, at which at any particular time its corporate trust business
shall be administered.

 

“Covenant Defeasance”
has the meaning specified in Section 13.3.

 

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

 

“default”
means, with respect to the Securities of any series, any event, act or condition that is, or after notice or the passage of time
or both would be, an Event of Default with respect to Securities of such series.

 

“Defaulted Interest”
has the meaning specified in Section 3.7.

 

“Defeasance”
has the meaning specified in Section 13.2.

 

“Depositary”
means, with respect to Securities of any series issuable in whole or in part in the form of one or more Global Securities, The
Depository Trust Company, New York, New York, another clearing agency, or any successor, registered under the Exchange Act that
is designated to act as Depositary for such Securities as contemplated by Section 3.1.

 

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

 

“euro”
or “euros” means the currency adopted by those nations participating in the third stage of the economic and
monetary union provisions of the Treaty on European Union, signed at Maastricht on February 7, 1992.

 

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“European Economic
Area” means the member nations of the European Economic Area pursuant to the Oporto Agreement on the European Economic
Area dated May 2, 1992, as amended.

 

“European Union”
means the member nations of the European Union established by the Treaty of European Union, signed at Maastricht on February 2,
1992, which amended the Treaty of Rome establishing the European Community.

 

“Event of Default”
has the meaning specified in Section 5.1.

 

“Exchange Act”
means the Securities Exchange Act of 1934 and any statute successor thereto, in each case as amended from time to time.

 

“Exchange Rate”
has the meaning specified in Section 3.2.

 

“Expiration Date”
has the meaning specified in Section 1.5.

 

“Foreign Government
Obligation” means with respect to Securities of any series which are not denominated in the currency of the United States
of America (x) any security which is (i) a direct obligation of the government which issued or caused to be issued the currency
in which such security is denominated and for the payment of which obligations its full faith and credit is pledged or, with respect
to Securities of any series which are denominated in euros, a direct obligation of any member nation of the European Union for
the payment of which obligation the full faith and credit of the respective nation is pledged so long as such nation has a credit
rating at least equal to that of the highest rated member nation of the European Economic Area, or (ii) an obligation of a Person
controlled or supervised by and acting as an agency or instrumentality of a government specified in clause (i) above the payment
of which is unconditionally guaranteed as a full faith and credit obligation by the such government, which, in either case (i)
or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) any depositary receipt issued by a bank (as
defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any Foreign Government Obligation which is specified
in clause (x) above and held by such bank for the account of the holder of such depositary receipt, or with respect to any specific
payment of principal of or interest on any Foreign Government Obligation which is so specified and held, 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 Foreign Government Obligation or the specific payment of principal
or interest evidenced by such depositary receipt.

 

“Global Security”
means a Security that evidences all or part of the Securities of any series and bears the legend set forth in Section 2.4
(or such legend as may be specified as contemplated by Section 3.1 for such Securities).

 

“Guarantee”
means a guarantee by any Guarantor of an obligation under this Indenture.

 

“Holder”
means a Person in whose name a Security is registered in the Security Register.

 

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“Indenture”
means this instrument as originally executed and as it may from time to time be supplemented or amended by one or more indentures
supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument and
any such supplemental indenture, the provisions of the Trust Indenture Act that are deemed to be a part of and govern this instrument
and any such supplemental indenture, respectively. The term “Indenture” shall also include the terms of particular
series of Securities established as contemplated by Section 3.1; provided, however, that if at any time more than one Person
is acting as Trustee under this Indenture due to the appointment of one or more separate Trustees for any one or more separate
series of Securities, “Indenture” shall mean, with respect to such series of Securities for which any such Person
is Trustee, this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures
supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of particular series
of Securities for which such Person is Trustee established as contemplated by Section 3.1, exclusive, however, of any provisions
or terms which relate solely to other series of Securities for which such Person is not Trustee, regardless of when such terms
or provisions were adopted, and exclusive of any provisions or terms adopted by means of one or more indentures supplemental hereto
executed and delivered after such Person had become such Trustee, but to which such person, as such Trustee, was not a party; provided,
further that in the event that this Indenture is supplemented or amended by one or more indentures supplemental hereto which are
only applicable to certain series of Securities, the term “Indenture” for a particular series of Securities
shall exclude provisions or terms which relate solely to other series of Securities.

 

“interest,”
when used with respect to an Original Issue Discount Security, which by its terms bears interest only after Maturity, means interest
payable after Maturity.

 

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

 

“Investment Company
Act” means the Investment Company Act of 1940 and any statute successor thereto, in each case as amended from time to
time.

 

“Judgment Currency”
has the meaning specified in Section 5.6.

 

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

 

“Mortgage”
means and includes any mortgage, pledge, lien, security interest, conditional sale or other title retention agreement or other
similar encumbrance.

 

“Notice of Default”
means a written notice of the kind specified in Section 5.1(4).

 

“Officers’
Certificate” means a certificate signed by the Chairman of the Board, the Chief Executive Officer, the President or a
Vice President, and by the principal financial officer, the Treasurer, the Controller, an Assistant Treasurer, an Assistant Controller,
the Secretary or an Assistant Secretary, of the Company or a Guarantor, as applicable, and delivered to the Trustee. One of the
officers signing an Officers’ Certificate given pursuant to Section 10.4 shall be the principal executive, financial
or accounting officer of the Company.

 

    	5

    	 

    
 

“Opinion of Counsel”
means a written opinion of legal counsel, who may be, without limitation, (a) an employee of the Company or a Guarantor, or (b)
outside counsel designated by the Company, rendered, if applicable, in accordance with Section 314(c) of the Trust Indenture Act.

 

“Original Issue
Discount Security” means any Security that provides for an amount less than the principal amount thereof to be due and
payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.2.

 

“Outstanding”
when used with respect to Securities, means, as of the date of determination, all Securities theretofore authenticated and delivered
under this Indenture, except

 

(1)          Securities
theretofore canceled by the Trustee or delivered to the Trustee for cancellation;

 

(2)          Securities
for whose payment or redemption money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent
(other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying
Agent) for the Holders of such Securities; provided that, if such Securities are to be redeemed, notice of such redemption has
been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made;

 

(3)          Securities
which have been paid pursuant to Section 3.6 or in exchange for or in lieu of which other Securities have been authenticated
and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to
the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in whose hands such Securities are
valid obligations of the Company;

 

provided, however, that unless
otherwise provided with respect to any Securities of any series pursuant to Section 3.1, in determining whether the Holders
of the requisite principal amount of the Outstanding Securities have given, made or taken any request, demand, authorization, direction,
notice, consent, waiver or other action hereunder as of any date, (A) the principal amount of an Original Issue Discount Security
which shall be deemed to be Outstanding shall be the amount of the principal thereof which would be due and payable as of such
date upon acceleration of the Maturity thereof to such date pursuant to Section 5.2, (B) if, as of such date, the principal
amount payable at the Stated Maturity of a Security is not determinable, the principal amount of such Security which shall be deemed
to be Outstanding shall be the amount as specified or determined as contemplated by Section 3.1, (C) the principal amount
of a Security denominated in one or more non-U.S. dollar currencies or currency units which shall be deemed to be Outstanding shall
be the U.S. dollar equivalent, determined as of such date in the manner provided as contemplated by Section 3.1, of the
principal amount of such Security (or, in the case of a Security described in clause (A) or (B) above, of the amount
determined as provided in such clause), and (D) Securities owned by the Company or any other obligor upon the Securities or any
Subsidiary of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining
whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent, waiver
or other action, only Securities which a Responsible Officer of the Trustee knows to be so owned shall be so disregarded. Securities
so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of
the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company or any
other obligor upon the Securities or any Subsidiary of the Company or of such other obligor.

 

    	6

    	 

    

 

“Paying Agent”
means any Person, which may include the Company, authorized by the Company to pay the principal of or any premium or interest on,
or any Additional Amounts with respect to, any one or more series of Securities on behalf of the Company.

 

“Periodic Offering”
means an offering of Securities of a series from time to time the specific terms of which Securities, including, without limitation,
the rate or rates of interest or formula for determining the rate or rates of interest thereon, if any, the Maturity thereof and
the redemption provisions, if any, with respect thereto, are to be determined by the Company upon the issuance of such Securities.

 

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

 

“Place of Payment,”
when used with respect to the Securities of any series, means the place or places where the principal of and any premium and interest
on, or any Additional Amounts with respect to, the Securities of that series are payable as specified as contemplated by Section
3.1 and 10.2.

 

“Predecessor Security”
of any particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such
particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.6
in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the
mutilated, destroyed, lost or stolen Security.

 

“Preferred Shares”
as applied to the shares of capital stock of the Company means shares of capital stock of any class or classes (however designated)
which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation
or dissolution of the Company, over Common Shares of the Company.

 

“Record Date”
means any Regular Record Date or Special Record Date.

 

“Redemption Date,”
when used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant to the terms of
such Security and this Indenture.

 

“Redemption Price,”
when used with respect to any Security to be redeemed, means the price at which it is to be redeemed pursuant to the terms of such
Security and this Indenture.

 

“Regular Record
Date” for the interest payable on any Interest Payment Date on the Securities of any series means any date specified
for that purpose as contemplated by Section 3.1, or, if not so specified, the first day of the calendar month of the month
of such Interest Payment Date if such Interest Payment Date is the fifteenth day of the calendar month, or the fifteenth day of
the calendar month preceding such Interest Payment Date if such Interest Payment Date is the first day of a calendar month, whether
or not such day shall be a Business Day.

 

    	7

    	 

    
 

“Required Currency”
has the meaning specified in Section 5.6.

 

“Responsible Officer”
means, when used with respect to the Trustee, an officer of the Trustee in the Corporate Trust Office assigned and duly authorized
by the Trustee to administer its corporate trust matters.

 

“Securities”
has the meaning stated in the first recital of this Indenture and more particularly means any debentures, notes or other evidences
of indebtedness of the Company authenticated and delivered under this Indenture.

 

“Securities Act”
means the Securities Act of 1933 and any statute successor thereto, in each case as amended from time to time.

 

“Security Custodian”
means, with respect to Securities of a series issued in global form, the Trustee for Securities of such series, acting in its capacity
as custodian with respect to the Securities of such series, or any successor entity thereto.

 

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

 

“Special Record
Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 3.7.

 

“Stated Maturity,”
when used with respect to any Security or any installment of principal thereof or interest thereon, means the date specified in
such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and
payable.

 

“Subsidiary”
means any Person of which the Company at the time owns or controls, directly or indirectly, more than 50% of the shares of outstanding
stock or other equity interests having general voting power under ordinary circumstances to elect a majority of the board of directors,
managers or trustees, as the case may be, of such Person (irrespective of whether or not at the time stock of any other class or
classes or other equity interests of such corporation shall have or might have voting power by reason of the happening of any contingency).

 

“Trust Indenture
Act” means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed; provided,
however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act”
means, to the extent required by any such amendment, the Trust Indenture Act of 1939 as so amended.

 

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

 

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“United States”
means the United States of America (including the states thereof and the District of Columbia) and its “possessions”,
which include Puerto Rico, the U.S. Virgin Islands, Guam, American Somoa, Wake Island and the Northern Mariana Islands.

 

“United States
Alien” means any Person who, for United States federal income tax purposes, is a foreign corporation, a nonresident alien
individual, a nonresident alien or foreign fiduciary of an estate or trust, or a foreign partnership.

 

“U.S. Government
Obligation” means (x) any security which is (i) a direct obligation of the United States of America for the payment of
which the full faith and credit of the United States of America is pledged or (ii) an obligation of a Person controlled or supervised
by and acting as an agency or instrumentality of the United States of America the payment of which is unconditionally guaranteed
as a full faith and credit obligation by the United States of America, which, in either case (i) or (ii), is not callable or redeemable
at the option of the issuer thereof, and (y) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities
Act) as custodian with respect to any U.S. Government Obligation which is specified in clause (x) above and held by such bank for
the account of the holder of such depositary receipt, or with respect to any specific payment of principal of or interest on any
U.S. Government Obligation which is so specified and held, provided that (except as required by law) such custodian is not authorized
to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian
in respect of the U.S. Government Obligation or the specific payment of principal or interest evidenced by such depositary receipt.

 

“Vice President,”
when used with respect to the Company, a Guarantor or the Trustee, means any vice president, whether or not designated by a number
or a word or words added before or after the title “vice president.”

 

“Yield to Maturity”
means, when used with respect to any Original Issue Discount Security, the yield to maturity, if any, set forth on the face thereof.

 

Section 1.2             Incorporation
by Reference of Trust Indenture Act.

 

Whenever this Indenture refers to a provision
of the Trust Indenture Act, the provision is incorporated by reference in and made a part of this Indenture.  The following
Trust Indenture Act terms used in this Indenture have the following meanings:

 

“indenture securities”
means the Securities.

 

“indenture security
holder” means a Holder.

 

“indenture to be
qualified” means this Indenture.

 

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

 

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

All terms used in this Indenture
that are defined by the Trust Indenture Act, defined by a Trust Indenture Act reference to another statue or defined by Commission
rule under the Trust Indenture Act and not otherwise defined herein have the meanings assigned to them therein.

 

Section 1.3              Compliance
Certificates and Opinions.

 

 Except as otherwise expressly provided
by this Indenture, upon any application or request by the Company to the Trustee to take any action under any provision of this
Indenture, the Company and Guarantors, if applicable, shall furnish to the Trustee such certificates and opinions as may be required
under the Trust Indenture Act. Each such certificate or opinion shall be given in the form of an Officers’ Certificate,
if to be given by an officer of the Company or Guarantor, or an Opinion of Counsel, if to be given by counsel, and shall comply
with the requirements of the Trust Indenture Act and any other requirements set forth in this Indenture.

 

Every certificate or opinion
with respect to compliance with a condition or covenant provided for in this Indenture (other than pursuant to Section 10.4)
shall include,

 

(1)          a
statement that each Person signing such certificate or opinion has read such covenant or condition and the definitions herein relating
thereto;

 

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

 

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

 

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

 

Section 1.4              Form of
Documents Delivered to Trustee.

 

In any case where several
matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters
be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document,
but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other
matters, and any such Person may certify or give an opinion as to such matters in one or several documents.

 

Any certificate or opinion
of an officer of the Company or Guarantor, if applicable, may be based, insofar as it relates to legal matters, upon a certificate
or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that
the certificate or opinion or representations with respect to the matters upon which his or her certificate or opinion is based
are erroneous. Any such certificate or opinion of counsel may be

 

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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 Guarantor, if applicable, stating that the information
with respect to such factual matters is in the possession of the Company or Guarantor, if applicable, unless such counsel knows,
or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to such matters
are erroneous.

  

Any certificate or opinion
of an officer of the Company or Guarantor, if applicable, or of counsel may be based, insofar as it relates to accounting matters,
upon a certificate or opinion of or representations by an accountant or firm of accountants employed or retained by the Company
or Guarantor, if applicable, unless such officer or counsel, as the case may be, knows, or in the exercise of reasonable care should
know, that the certificate or opinions or representations as to such accounting matters are erroneous.

 

Where any Person is required
to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments
under this Indenture, they may, but need not, be consolidated and form one instrument.

 

Section 1.5              Acts of Holders; Record Dates.

  

Any request, demand, authorization,
direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or taken by Holders
of the Outstanding Securities of all series or one or more series, as the case may be, may be embodied in and evidenced by one
or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing; and,
except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered
to the Trustee and, where it is hereby expressly required, to the Company. The Trustee shall promptly deliver to the Company copies
of all such instrument or instruments delivered to the Trustee. Such instrument or instruments (and the action embodied therein
and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument
or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any
purpose of this Indenture and (subject to Section 6.1) conclusive in favor of the Trustee and the Company, if made in the
manner provided in this Section.

 

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

 

The ownership, date of holding,
principal amount and serial numbers of Securities shall be proved by the Security Register.

 

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Any request, demand, authorization,
direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future Holder of the same Security
and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in
respect of anything done, omitted or suffered to be done by the Trustee, the Company or a Guarantor in reliance thereon, whether
or not notation of such action is made upon such Security.  Any consent or waiver of the Holder of any Security shall
be irrevocable for a period of six months after the date of execution thereof, but otherwise any such Holder or subsequent Holder
may revoke the request, demand, authorization, direction, notice, consent or other Act as to his Security or portion of his Security;
provided, however, that such revocation shall be effective only if the Trustee receives the notice of revocation before the date
the Act becomes effective.

 

The Company may set any
day as a record date for the purpose of determining the Holders of Outstanding Securities of any series entitled to give, make
or take any request, demand, authorization, direction, vote, notice, consent, waiver or other action provided or permitted by this
Indenture to be given, made or taken by Holders of Securities of such series, provided that the Company may not set a record date
for, and the provisions of this paragraph shall not apply with respect to, the giving or making of any notice, declaration, request
or direction referred to in the next paragraph. If any record date is set pursuant to this paragraph, the Holders of Outstanding
Securities of the relevant series on such record date, and no other Holders, shall be entitled to take the relevant action, whether
or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless taken
on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of such series
on such record date. Nothing in this paragraph shall be construed to prevent the Company from setting a new record date for any
action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall
automatically and with no action by any Person be canceled and of no effect), and nothing in this paragraph shall be construed
to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Securities of the relevant series
on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the Company, at its own expense,
shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Trustee
in writing and to each Holder of Securities of the relevant series in the manner set forth in Section 1.7.

 

The Trustee may set any
day as a record date for the purpose of determining the Holders of Outstanding Securities of any series entitled to join in the
giving or making of (i) any Notice of Default, (ii) any declaration of acceleration referred to in Section 5.2, (iii) any
request to institute proceedings referred to in Section 5.7(2) or (iv) any direction referred to in Section 5.12,
in each case with respect to Securities of such series. If any record date is set pursuant to this paragraph, the Holders of Outstanding
Securities of such series on such record date, and no other Holders, shall be entitled to join in such notice, declaration, request
or direction, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective
hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding
Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the Trustee from setting
a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record
date previously set shall automatically and with no action by any Person be canceled and of no effect), and nothing in this paragraph
shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Securities
of the relevant series on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the
Trustee, at the Company’s expense, shall cause notice of such record date, the proposed action by Holders and the applicable
Expiration Date to be given to the Company in writing and to each Holder of Securities of the relevant series in the manner set
forth in Section 1.7.

 

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With respect to any record
date set pursuant to this Section, the party hereto which sets such record dates may designate any day as the “Expiration
Date” and from time to time may change the Expiration Date to any earlier or later day; provided that no such change
shall be effective unless notice of the proposed new Expiration Date is given to the other party hereto in writing, and to each
Holder of Securities of the relevant series in the manner set forth in Section 1.7, on or prior to the existing Expiration
Date. If an Expiration Date is not designated with respect to any record date set pursuant to this Section 1.5, the party
hereto which set such record date shall be deemed to have initially designated the 180th day after such record date as the Expiration
Date with respect thereto, subject to its right to change the Expiration Date as provided in this paragraph. Notwithstanding the
foregoing, no Expiration Date shall be later than the 180th day after the applicable record date.

 

Without limiting the foregoing,
a Holder entitled hereunder to take any action hereunder with regard to any particular Security may do so with regard to all or
any part of the principal amount of such Security or by one or more duly appointed agents each of which may do so pursuant to such
appointment with regard to all or any part of such principal amount.

 

Section 1.6              Notices, etc., to Trustee
and Company.

 

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

 

(1)          the
Trustee by any Holder or by the Company or any Guarantor shall be sufficient for every purpose hereunder if made, given, furnished
or filed in writing (or by facsimile transmissions, provided that oral confirmation of receipt shall have been received) to or
with the Trustee at its Corporate Trust Office, Attention: Corporate Trust Department, or

 

(2)          the
Company or any Guarantor by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein
expressly provided) if in writing and furnished by certified mail, return receipt requested, personally delivered or furnished
via overnight courier to the Company addressed to it at the address of its principal office specified in the first paragraph of
this instrument or at any other address previously furnished in writing to the Trustee by the Company, Attention: Chief Financial
Officer.

 

Section 1.7              Notice to Holders; Waiver.

  

Where this Indenture provides
for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in
writing and mailed, first-class postage prepaid, or delivered by hand or overnight courier to each Holder affected by such event,
at its address as it appears in the Security Register, not later than the latest date (if any), and not earlier than the earliest
date (if any), prescribed for the giving of such notice. Neither the

 

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failure to mail or deliver by hand or overnight courier any
notice, nor any defect in any notice so mailed or delivered by hand or overnight courier, to any particular Holder shall affect
the sufficiency of such notice with respect to other Holders. Where this Indenture provides for notice in any manner, such notice
may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall
be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a
condition precedent to the validity of any action taken in reliance upon such waiver.

 

In case by reason of the
suspension of regular mail service or by reason of any other cause it shall be impracticable to give notice to Holders of Securities
by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for
every purpose hereunder.  In any case in which notice to Holders of Securities is given by mail, neither the failure
to mail such notice, nor any defect in any notice so mailed, to any particular Holder of a Security, shall affect the sufficiency
of such notice with respect to other Holders of Securities.

 

Section 1.8              Conflict
with Trust Indenture Act.

 

If any provision hereof
limits, qualifies or conflicts with a provision of the Trust Indenture Act or another provision hereof required to be included
in this Indenture by any of the provisions of the Trust Indenture Act, the latter provision shall control.  If any provision
of this Indenture modifies or excludes any provision of the Trust Indenture Act, which may be so modified or excluded, the latter
provision shall be deemed to apply to this Indenture as so modified or to be excluded, as the case may be.

 

Section 1.9              Effect of Headings and Table
of Contents.

 

The Article and Section
headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof.

 

Section 1.10            Successors and Assigns.

 

All covenants and agreements
in this Indenture by the Company shall bind its successors and assigns, whether or not so expressed. All agreements of the Trustee
in this Indenture shall bind its successor.  All agreements of any Guarantor in this Indenture shall bind its successors,
except as otherwise provided by the terms hereof.

 

Section 1.11            Separability
Clause.

 

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

 

Section 1.12            Benefits of Indenture.

 

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

 

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Section 1.13            Governing Law.

 

THIS INDENTURE AND THE SECURITIES
AND ANY RELATED GUARANTEES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, BUT WITHOUT
GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD
BE REQUIRED THEREBY.

 

Section 1.14            Legal Holidays.

 

Unless otherwise provided
with respect to any Security or Securities pursuant to Section 3.1, in any case where any Interest Payment Date, Redemption
Date, sinking fund payment date, or Stated Maturity or Maturity or other payment date of any Security or the last date on which
a Holder has the right to convert a Security at a particular conversion price shall not be a Business Day at any Place of Payment,
then (notwithstanding any other provision of this Indenture or of the Securities (other than a provision of any Security which
specifically states that such provision shall apply in lieu of this Section)) payment of interest or principal (and premium, if
any) or, if applicable to a particular series of Securities, conversion need not be made at such Place of Payment on such date,
but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest
Payment Date or Redemption Date, at the Stated Maturity or on such last day for conversion, as the case may be.

 

Section 1.15            Indenture
and Securities Solely Corporate Obligations.

 

No recourse for the payment
of the principal of or premium, if any, or interest on any Security, or for any claim based thereon or otherwise in respect thereof,
and no recourse under or upon any obligation, covenant or agreement of the Company or any Guarantor in this Indenture or in any
supplemental indenture or in any Security, or because of the creation of any indebtedness represented thereby, shall be had, directly
or indirectly, against any incorporator, subscriber to the shares of capital stock (or membership interests (as applicable)), shareholder,
stockholder, member, employee, agent, manager, officer, trustee or director, as such, past, present or future, of the Company,
any Guarantor or the Trustee or of any predecessor or successor corporation, either directly or through the Company or the Trustee
or any predecessor or successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement
of any assessment or penalty or otherwise; it being expressly understood that this Indenture and the obligations issued hereunder
are solely corporate obligations and that no such personal liability whatever shall attach to, or is or shall be incurred by, any
incorporator, subscriber to the shares of capital stock (or membership interests (as applicable)), shareholder, stockholder, member,
employee, agent, manager, officer, trustee or director, as such, of the Company, any Guarantor or the Trustee or of any predecessor
or successor corporation, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations,
covenants or agreements contained in this Indenture or in any of the Securities or implied therefrom; and that any and all such
personal liability of every name and nature, either at common law or in equity or by constitution or statute, of, and any and all
such rights and claims

 

    	15

    	 

    
 

against, every such incorporator, subscriber to the shares of capital stock (or membership interests (as
applicable)), shareholder, stockholder, member, employee, agent, manager, officer, trustee or director, as such, because of the
creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in
this Indenture, any supplemental indenture hereto, any certificate or other writing delivered in connection herewith, or in any
of the Securities or implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration for,
the execution of this Indenture and the issuance of such Securities. By accepting a Security, each Holder agrees to the provisions
of this Section 1.15 and waives and releases all such liability.  Such waiver and release shall be part of the
consideration for the issuance of the Securities.

 

Section 1.16            Indenture
May be Executed in Counterparts.

 

This instrument may be executed
in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and
the same instrument.

 

ARTICLE 2

 

SECURITY FORMS

 

Section 2.1              Forms
Generally.

 

The Securities of each series
shall be in such form or forms as shall be established by or pursuant to one or more Board Resolutions and set forth in such Board
Resolutions, or, to the extent established pursuant to, rather than set forth in, such Board Resolutions, an Officers’ Certificate
detailing such establishment, or in one or more indentures supplemental hereto, in each case with such appropriate insertions,
omissions, substitutions and other variations as are required or permitted by this Indenture, and may have such letters, numbers
or other marks of identification and such legends or endorsements placed thereon as may be required to comply with any applicable
law or with any rules or regulations pursuant thereto, or any rules of any securities exchange or Depositary therefor or as may,
consistently herewith, be determined by the officers executing such Securities, as evidenced by their execution thereof. If the
form of Securities of any series is established by action taken pursuant to a Board Resolution, or, to the extent established pursuant
to, rather than set forth in, such Board Resolutions, an Officers’ Certificate detailing such establishment, a copy of an
appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to
the Trustee at or prior to the delivery of the Company Order contemplated by Section 3.3 for the authentication and delivery
of such Securities. Any such Board Resolution, Officers’ Certificate or record of such action shall have attached thereto
a true and correct copy of the form of Security referred to therein approved by or pursuant to such Board Resolution or Officers’
Certificate.

 

The definitive Securities
shall be printed, lithographed or engraved on steel engraved borders or may be produced in any other manner, all as determined
by the officers executing such Securities, as evidenced by their execution of such Securities.

 

Section 2.2              Form
of Trustee’s Certificate of Authentication.

 

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The Trustee’s certificates
of authentication shall be in substantially the following form:

 

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

	 	 
	 	 	[Trustee], as Trustee
	 	By:	 
	 	 	Authorized Officer

 

	 	Section 2.3	Global Securities.

  

If the Company shall establish
pursuant to Section 3.1 that the Securities of a particular series are to be issued in whole or in part in the form
of one or more Global Securities, then the Company shall execute and the Trustee shall, in accordance with Section 3.3
and the Company Order delivered to the Trustee thereunder, authenticate and deliver such Global Security or Securities, which (i) shall
represent, and shall be denominated in an amount equal to the aggregate principal amount of the Outstanding Securities of such
series to be represented by such Global Security or Securities, (ii) may provide that the aggregate amount of Outstanding
Securities represented thereby may from time to time be increased or reduced to reflect exchanges, (iii) shall be registered
in the name of the Depositary for such Global Security or Securities or its nominee, (iv) shall be delivered by the Trustee
to the Depositary or pursuant to the Depositary’s instruction and (v) shall bear a legend in accordance with the requirements
of the Depositary.

 

Notwithstanding any other
provision of this Section or of Section 3.5, except as contemplated by the provisions of this Section 2.3
below, unless the terms of a Global Security expressly permit such Global Security to be exchanged in whole or in part for individual
Securities, a Global Security may be transferred, in whole but not in part and in the manner provided in Section 3.5,
only to a nominee of the Depositary for such Global Security, or to the Depositary, or to a successor Depositary for such Global
Security selected or approved by the Company, or to a nominee of such successor Depositary.

 

If at any time the Depositary
for a Global Security notifies the Company that it is unwilling or unable to continue as the Depositary for such Global Security
or if at any time the Depositary for the Securities for such series shall no longer be eligible or in good standing under the Exchange
Act, or other applicable statute or regulation, the Company shall appoint a successor Depositary with respect to such Global Security.
If a successor Depositary for such Global Security is not appointed by the Company within 90 days after the Company receives
such notice or becomes aware of such ineligibility, the Company will execute, and the Trustee, upon receipt of a Company Order
for the authentication and delivery of Securities of such series in the form of definitive certificates in exchange for such Global
Security, will authenticate and deliver Securities of such series in the form of definitive certificates of like tenor and terms
in an aggregate principal amount equal to the principal amount of the Global Security in exchange for such Global Security. Such
Securities will be issued to and registered in the name of such Person or Persons as are specified by the Depositary.

 

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The Company may at any time
and in its sole discretion determine that the Securities of any series issued or issuable in the form of one or more Global Securities
shall no longer be represented by such Global Security or Securities. In any such event the Company will execute, and the Trustee,
upon receipt of a Company Request for the  authentication and delivery of Securities in the form of definitive certificates
in exchange in whole or in part for such Global Security, will authenticate and deliver without service charge to each Person specified
by the Depositary Securities in the form of definitive certificates of like tenor and terms in an aggregate principal amount equal
to the principal amount of such Global Security representing such series, or the aggregate principal amount of such Global Securities
representing such series, in exchange for such Global Security or Securities.

 

If specified by the Company
pursuant to Section 3.1 with respect to Securities issued or issuable in the form of a Global Security, the Depositary
for such Global Security may surrender such Global Security in exchange in whole or in part for Securities in the form of definitive
certificates of like tenor and terms on such terms as are acceptable to the Company and such Depositary. Thereupon the Company
shall execute, and the Trustee shall authenticate and deliver, without service charge, (A) to each Person specified by such
Depositary a new Security or Securities of the same series of like tenor and terms and any authorized denomination as requested
by such Person in aggregate principal amount equal to and in exchange for such Person’s beneficial interest in the Global
Security and (B) to such Depositary a new Global Security of like tenor and terms and in an authorized denomination equal
to the difference, if any, between the principal amount of the surrendered Global Security and the aggregate principal amount of
Securities delivered to Holders thereof.

 

In any exchange provided
for in any of the preceding three paragraphs, the Company shall execute and the Trustee shall authenticate and deliver Securities
in the form of definitive certificates in authorized denominations. Upon the exchange of the entire principal amount of a Global
Security for Securities in the form of definitive certificates, such Global Security shall be canceled by the Trustee. Except as
provided in the immediately preceding subparagraph, Securities issued in exchange for a Global Security pursuant to this Section
2.3 shall be registered in such names and in such authorized denominations as the Depositary for such Global Security, acting
pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. Provided that the Company
and the Trustee have so agreed, the Trustee shall deliver such Securities to the Persons in whose names the Securities are so to
be registered.

 

Any endorsement of a Global
Security to reflect the principal amount thereof, or any increase or decrease in such principal amount, or changes in the rights
of Holders of Outstanding Securities represented thereby shall be made in such manner and by such Person or Persons as shall be
specified in or pursuant to any applicable letter of representations or other arrangement entered into with, or procedures of,
the Depositary with respect to such Global Security or in the Company Order delivered or to be delivered pursuant to Section 3.3
or Section 3.4 with respect thereto. Subject to the provisions of Section 3.3 and, if applicable, Section
3.4, the Trustee shall deliver and redeliver any such Global Security in the manner and upon instructions given by the Person
or Persons specified in or pursuant to any applicable letter of representations or other arrangement entered into with, or procedures
of, the Depositary with respect to such Global Security or in any applicable Company Order. If a Company Order pursuant to Section 3.3
or Section 3.4 is so delivered, any instructions by the Company with respect to such Global Security contained therein shall
be in writing but need not be accompanied by or contained in an Officers’ Certificate and need not be accompanied by an Opinion
of Counsel.

 

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The Depositary or, if there be one, its nominee,
shall be the Holder of a Global Security for all purposes under this Indenture; and beneficial owners with respect to such Global
Security shall hold their interests pursuant to applicable procedures of such Depositary. The Company, each Guarantor, the Trustee,
the Paying Agent and the Security Registrar shall be entitled to deal with such Depositary for all purposes of this Indenture
relating to such Global Security (including the payment of principal, premium, if any, and interest and any Additional Amounts
with respect to such Global Security and the giving of instructions or directions by or to the beneficial owners of such Global
Security as the sole Holder of such Global Security and shall have no obligations to the beneficial owners thereof (including
any direct or indirect participants in such Depositary). None of the Company, any Guarantor, the Trustee, any Paying Agent or
the Security Registrar shall have any responsibility or liability for any aspect of the records relating to or payments made on
account of beneficial ownership interests of a Global Security in or pursuant to any applicable letter of representations or other
arrangement entered into with, or procedures of, the Depositary with respect to such Global Security or for maintaining, supervising
or reviewing any records relating to such beneficial ownership interests.

 

	 	Section 2.4	Form of Legend for Global Securities.

 

Unless otherwise specified
as contemplated by Section 3.1 for the Securities evidenced thereby, every Global Security authenticated and delivered hereunder
shall bear a legend in substantially the following form:

 

THIS SECURITY IS A GLOBAL
SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE
THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN
WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

 

ARTICLE 3

 

THE SECURITIES

 

	 	Section 3.1	Amount Unlimited; Issuable in Series.

 

The aggregate principal
amount of Securities that may be authenticated and delivered under this Indenture is unlimited.

 

The Securities may be issued
in one or more series. There shall be established in or pursuant to a Board Resolution and, subject to Section 3.3, set
forth, or determined in the manner provided, in an Officers’ Certificate, or established in one or more indentures supplemental
hereto, prior to the issuance of Securities of any series,

 

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(1)          the
title of the Securities of the series (which shall distinguish the Securities of the series from Securities of any other series);

 

(2)          any
limit upon the aggregate principal amount of the Securities of the series which may be authenticated and delivered under this Indenture
(except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities
of the series pursuant to Section 2.3, 3.4, 3.5, 3.6, 9.6 or 11.7 and except for any
Securities which, pursuant to Section 3.3, are deemed never to have been authenticated and delivered hereunder);

 

(3)          the
Person to whom any interest on a Security of the series shall be payable, if other than the Person in whose name that Security
(or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest;

 

(4)          the
date or dates on which the principal of and premium, if any, on any Securities of the series is payable or the method of determination
and/or extension of such date or dates; and the amount or amounts of such payments of principal and premium, if any, or the method
of determination thereof;

 

(5)          the
rate or rates (which may be fixed or variable), at which any Securities of the series shall bear interest, if any, whether and
under what circumstances Additional Amounts with respect to such Securities shall be payable, the date or dates from which any
such interest shall accrue, the Interest Payment Dates on which any such interest shall be payable and, if other that as set forth
in Section 1.1, the Regular Record Date for any such interest payable on any Interest Payment Date (or the method for determining
the dates and rates);

 

(6)          whether
any of such Securities will be subject to certain optional interest rate reset provisions;

 

(7)          the
place or places where the principal of and any premium and interest on, or any Additional Amounts with respect to, the Securities
of the series shall be payable, where the Securities of such series may be surrendered for registration of transfer or exchange
and where notices and demands to or upon the Company in respect of the Securities of such series and this Indenture may be served,
and the method of such payment, if by wire transfer, mail or other means;

 

(8)          (a) the
period or periods within which, the price or prices at which, the currency or currencies (including currency units) and the terms
and conditions upon which any Securities of the series may be redeemed, in whole or in part, at the option of the Company, (b) if
other than as provided in Section 11.3, the manner in which the particular Securities of such series (if less than all Securities
of such series are to be redeemed) are to be selected for redemption and (c) if other than by a Board Resolution, the manner
in which any election by the Company to redeem the Securities shall be evidenced;

 

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

 

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

 

(11)          if
other than the Trustee, the identity of the Securities Registrar and/or the Paying Agent;

 

(12)          if
the amount of principal of or any premium or interest on or other payments, if any, on any Securities of the series may be determined
with reference to an index, formula or other method (which index, formula or method may be based, without limitation, on the price
of one or more commodities, derivatives or securities; one or more securities, derivatives or commodities exchange indices or other
indices; a currency or currencies (including currency unit or units) other than that in which the Securities of the series are
denominated or designated to be payable; or any other variable or the relationship between any variables or combination of variables),
the index, formula or other method by which such amounts shall be determined;

 

(13)          if
other than the currency of the United States of America, the currency, currencies or currency units (including composite currencies)
in which the principal of or any premium or interest on, or any Additional Amounts with respect to, any Securities of the series
shall be payable and the manner of determining the equivalent thereof in the currency of the United States of America for any purpose,
including for purposes of the definition of “Outstanding” in Section 1.1;

 

(14)          if
the principal of or any premium or interest on, or any Additional Amounts with respect to, any Securities of the series is to be
payable, at the election of the Company or the Holder thereof, in one or more currencies or currency units other than that or those
in which such Securities are stated to be payable, the currency, currencies or currency units in which the principal of or any
premium or interest on such Securities as to which such election is made shall be payable, the periods within which and the terms
and conditions upon which such election is to be made and the amount so payable (or the manner in which such amount shall be determined);

 

(15)          if
other than the entire principal amount thereof, the portion of the principal amount of any Securities of the series which shall
be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 5.2;

 

(16)          if
the principal amount payable at the Stated Maturity of any Securities of the series will not be determinable as of any one or more
dates prior to the Stated Maturity, the amount which shall be deemed to be the principal amount of such Securities as of any such
date for any purpose thereunder or hereunder, including the principal amount thereof which shall be due and payable upon any Maturity
other than the Stated Maturity or which shall be deemed to be Outstanding as of any date prior to the Stated Maturity (or, in any
such case, the manner in which such amount deemed to be the principal amount shall be determined);

 

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(17)          if
applicable, that the Securities of the series, in whole or any specified part, shall be defeasible pursuant to Section 13.2
or Section 13.3 or both such Sections, or any other defeasance provisions applicable to any Securities of the series, and,
if other than by a Board Resolution, the manner in which any election by the Company to defease such Securities shall be evidenced;

 

(18)          the
terms, if any, upon which Securities of the series may be convertible into or exchanged for other Securities, Common Shares, Preferred
Shares, other debt securities, warrants to purchase any of the foregoing, or other securities of any kind of the Company or any
other obligor or any other property, and the terms and conditions upon which the conversion or exchange shall be effected, including
the initial conversion or exchange price or rate, the conversion or exchange period, and any other additional provisions;

 

(19)          if
applicable, that any Securities of the series shall be issuable in whole or in part in the form of one or more Global Securities
and, in such case, the respective Depositaries for such Global Securities, the form of any legend or legends which shall be borne
by any such Global Security in addition to or in lieu of that set forth in Section 2.4;

 

(20)          any
deletions, modifications of or additions to the definitions set forth in Section 1.1, the Events of Default which apply
to any Securities of the series and any change in the right of the Trustee or the requisite Holders of such Securities to declare
the principal amount thereof due and payable pursuant to Section 5.2;

 

(21)          any
addition to, deletion of or change in the covenants set forth in Article 10 which applies to Securities of the series;

 

(22)          any
Authenticating Agents, Paying Agents, Security Registrars or such other agents necessary in connection with the issuance of the
Securities of such series, including, without limitation, exchange rate agents and calculation agents;

 

(23)          if
applicable, the terms of any Mortgage that will be provided for a series of Securities, including any provisions regarding the
circumstances under which collateral may be released or substituted;

 

(24)          if
applicable, the terms of any guaranties for the Securities and any circumstances under which there may be additional obligors on
the Securities;

 

(25)          provisions,
if any, granting special rights to the Holders of Securities of the series upon the occurrence of such events as may be specified;

 

(26)          whether
Securities of the series shall be issuable in registered form or bearer form (registrable or not registrable as to principal, and
with or without interest coupons), or both, and any restrictions applicable to the offering, sale or delivery of bearer securities
and the terms upon which bearer Securities of a series may be exchanged for registered Securities of the same series and vice versa;

 

(27)          the
forms of the Securities of the series;

 

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(28)          any
terms which may be related to warrants, options or other rights to purchase and sell securities issued by the Company in connection
with, or for the purchase of, Securities of such series, including whether and under what circumstances the Securities of any series
may be used toward the exercise price of any such warrants, options or other rights;

 

(29)          the
subordination, if any, of the Securities of the series;

 

(30)          if
the Securities of the series will be governed by, and the extent to which such Securities will be governed by, any law other than
the laws of the state of New York;

 

(31)          any
other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture, except as permitted by
Section 9.1(5)).

 

All Securities of any one
series need not be identical but may vary as may be provided in or pursuant to the Board Resolution referred to above and (subject
to Section 3.3) set forth, or determined in the manner provided, in the Officers’ Certificate referred to above or
in any such indenture supplemental hereto. All Securities of any one series need not be issued at the same time and, unless otherwise
provided, a series may be reopened, without the consent of the Holders, for issuances of additional Securities of such series.

 

	 	Section 3.2	Denominations.

 

Except as specified as contemplated
by Section 3.1, the Securities of each series shall be issuable only in registered form without coupons. The Securities
of such series shall be issuable only in such denominations as shall be specified as contemplated by Section 3.1. In the
absence of any such specified denomination with respect to the Securities of any series, the Securities of such series shall be
issuable in denominations of $1,000 and any integral multiple thereof.  Unless otherwise provided as contemplated by
Section 3.1 with respect to any series of Securities, any Securities of a series denominated in a currency other than
Dollars shall be issuable in denominations that are the equivalent, as determined by the Company by reference to the noon buying
rate in The City of New York for cable transfers for such currency (“Exchange Rate”), as such rate is reported
or otherwise made available by the Federal Reserve Bank of New York, on the applicable issue date for such Securities, of $1,000
and any integral multiple thereof.

 

	 	Section 3.3	Execution, Authentication, Delivery and Dating.

 

The Securities shall be
executed on behalf of the Company by its Chairman of the Board, its Chief Executive Officer, its principal financial officer, its
President or one of its Vice Presidents, and attested by its Treasurer, its Secretary or one of its Assistant Treasurers or Assistant
Secretaries. The signature of any of these officers on the Securities may be manual or facsimile. Securities bearing the manual
or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the Company, notwithstanding
that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities
or did not hold such offices at the date of such Securities.

 

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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,
together with a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company
Order shall authenticate and deliver such Securities; provided, however, that in the case of Securities offered in a Periodic
Offering, the Trustee shall authenticate and deliver such Securities from time to time in accordance with such other procedures
(including, without limitation, the receipt by the Trustee of oral or electronic instructions from the Company or its duly authorized
agents, promptly confirmed in writing) acceptable to the Trustee as may be specified by or pursuant to a Company Order delivered
to the Trustee prior to the time of the first authentication of Securities of such series. Each Security shall be dated the date
of its authentication unless otherwise provided by a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate.
If the form or terms of the Securities of the series have been established by or pursuant to one or more Board Resolutions or
any other method permitted by Sections 2.1 and 3.1, in authenticating such Securities, and accepting the additional
responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to
Section 6.1) shall be fully protected in relying upon, a copy of such Board Resolution, the Officers’ Certificate
setting forth the terms of the series and an Opinion of Counsel, with such Opinion of Counsel stating,

 

(1)          if
the form or terms of such Securities have been established by or pursuant to Board Resolution or any other method permitted by
Sections 2.1 and 3.1, that such form or terms have been, or in the case of Securities of a series offered in a Periodic
Offering will be, established in conformity with the provisions of this Indenture, subject in the case of Securities offered in
a Periodic Offering, to any conditions specified in such Opinion of Counsel; and

 

(2)          that
such Securities, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions,
exceptions and qualifications specified in such Opinion of Counsel, will constitute legal, valid and binding obligations of the
Company, enforceable in accordance with their terms, except as such enforcement is subject to the effect of (i) bankruptcy, insolvency,
fraudulent conveyance, reorganization or other laws relating to or affecting creditors’ rights and (ii) general principles
of equity (regardless of whether such enforcement is considered in a proceeding in equity or at law).

 

Such Opinion of Counsel
need express no opinion as to the enforceability of Section 6.7 or as to whether a court in the United States would render
a money judgment in a currency other than that of the United States. Notwithstanding the provisions of Section 3.1 and of
the preceding paragraph, if all Securities of a series are not to be originally issued at one time, it shall not be necessary to
deliver the Officers’ Certificate otherwise required pursuant to Section 3.1 or the Company Order and Opinion of Counsel
otherwise required pursuant to such preceding paragraph at or prior to the authentication of each Security of such series if such
documents are delivered at or prior to the authentication upon original issuance of the first Security of such series to be issued.

 

Notwithstanding that such
form or terms have been so established, the Trustee shall have the right to decline to authenticate such Securities if, in the
written opinion of counsel to the Trustee (which counsel may be an employee of the Trustee), such action may not lawfully be taken
or if the Trustee in good faith by its board of directors or trustees, executive committee or a trust committee of directors, trustees
or vice presidents shall determine that such action would expose the Trustee to personal liability to Holders of any Securities
then outstanding.

 

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With respect to Securities
of a series offered in a Periodic Offering, the Trustee may rely, as to the authorization by the Company of any of such Securities,
the form and terms thereof and the legality, validity, binding effect and enforceability thereof, upon the Opinion of Counsel and
the other documents delivered pursuant to Sections 2.1 and 3.1 and this Section, as applicable, in connection with
the first authentication of Securities of such series.

 

No Security shall be entitled
to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security a certificate
of authentication substantially in the form provided for herein executed by the Trustee or an Authenticating Agent by manual signature,
and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated
and delivered hereunder. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but
never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in
Section 3.9, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered
hereunder and shall never be entitled to the benefits of this Indenture.

 

The Company in issuing Securities
may use “CUSIP” numbers (if then generally in use), and if so, the Trustee may use the CUSIP numbers in notices of
redemption or exchange as a convenience to Holders; provided, however, that any such notice may state that no representation is
made as to the correctness or accuracy of the CUSIP number printed in the notice or on the Securities, that reliance may be placed
only on the other identification numbers printed on the Securities, and any such redemption or exchange shall not be affected by
any defect or omission of such CUSIP numbers.  The Company will promptly notify the Trustee of any change in CUSIP numbers
known to an Officer of the Company. Neither the Company nor the Trustee shall have any responsibility for any defect in the CUSIP
number that appears on any Security, check, advice of payment or redemption notice, and any such document may contain a statement
to the effect that CUSIP numbers have been assigned by an independent service for convenience of reference and that neither the
Company nor the Trustee shall be liable for any inaccuracy in such numbers.

 

	 	Section 3.4	Temporary Securities.

 

Pending the preparation
of definitive Securities of any series, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver,
temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination,
substantially of the tenor of the definitive Securities in lieu of which they are issued and with such appropriate insertions,
omissions, substitutions and other variations as the officers executing such Securities may determine, as evidenced by their execution
of such Securities. All or any portion of the temporary Securities of a series may be Global Securities.

 

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If temporary Securities
of any series are issued, the Company will cause definitive Securities of that series to be prepared without unreasonable delay.
Except in the case of temporary Securities that are Global Securities, each of which shall be exchanged in accordance with the
provisions thereof, after the preparation of definitive Securities of such series, the temporary Securities of such series shall
be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series at the office
or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of
any one or more temporary Securities of any series, the Company shall execute and the Trustee shall authenticate and deliver in
exchange therefor one or more definitive Securities of the same series, of any authorized denominations and of like tenor and aggregate
principal amount. Until so exchanged, the temporary Securities of any series shall in all respects be entitled to the same benefits
under this Indenture as definitive Securities of such series and tenor, except as otherwise specified as contemplated by Section
3.1.

 

	 	Section 3.5	Registration; Registration of Transfer and Exchange.

 

The Company shall cause
to be kept at the Corporate Trust Office of the Trustee or in any office or agency to be maintained by the Company in accordance
with Section 9.2 in a Place of Payment or in such other place or medium as may be specified pursuant to Section 3.1
a register for each series of Securities (each register maintained in such office and in any other office or agency of the Company
in a Place of Payment being herein sometimes referred to as the “Security Register”) in which, subject to such
reasonable regulations as it may prescribe, the Company shall provide for the registration of Securities of such series and of
transfers of Securities of such series. Unless otherwise contemplated by Section 3.1, the Trustee is hereby appointed “Security
Registrar” for the purpose of registering Securities and transfers of Securities, and for the purpose of maintaining
the Security Register in respect thereof, as herein provided.

 

Except as set forth in Section
2.3 or as may be provided pursuant to Section 3.1, upon surrender for registration of transfer of any Security of a
series at the office or agency of the Company in a Place of Payment for that series, the Company shall execute and deliver a Company
Order requesting the Trustee to authenticate and deliver, and the Trustee shall authenticate and deliver, in the name of the designated
transferee or transferees, one or more new Securities of the same series, of any authorized denominations and of like tenor and
aggregate principal amount.

 

Unless otherwise provided
as contemplated by Section 3.1, at the option of the Holder, Securities of any series (other than Global Securities) may
be exchanged for other Securities of the same series, of any authorized denominations and of like tenor and aggregate principal
amount, upon surrender of the Securities to be exchanged at such office or agency, and upon payment, if the Company shall so require,
of the charges hereinafter provided. Whenever any Securities are so surrendered for exchange, the Company shall execute, and the
Trustee shall authenticate and deliver, the Securities that the Holder making the exchange is entitled to receive.

 

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

 

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Every Security presented
or surrendered for registration of transfer or for exchange shall (if so required by the Company, Security Registrar or the Trustee)
be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company, the Security Registrar
or the Trustee, as the case may be, duly executed, by the Holder thereof or its attorney duly authorized in writing.

 

Unless otherwise provided
as contemplated by Section 3.1, no service charge shall be made for any registration of transfer or exchange of Securities,
but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection
with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 3.4, 9.6 or
11.7 not involving any transfer.

 

Unless otherwise provided
as contemplated by Section 3.1, if the Securities of any series (or of any series and specified tenor) are to be redeemed
in whole or in part, the Company shall not be required (A) to issue, register the transfer of or exchange any Securities of that
series (or of that series and specified tenor, as the case may be) during a period beginning at the opening of business 15 days
before the day of the mailing of a notice of redemption of any such Securities selected for redemption under Section 11.3
and ending at the close of business on the day of such mailing, or (B) to register the transfer of or exchange any Security so
selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part.

 

Unless otherwise provided
as contemplated by Section 3.1, the Company shall not be required to register the transfer or exchange of Securities between
a Record Date and the next succeeding Interest Payment Date.

 

	 	Section 3.6	Mutilated, Destroyed, Lost and Stolen Securities.

  

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

 

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

 

Upon the issuance of any
new Security under this Section 3.6, the Company may require the payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected
therewith.

 

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Every new Security of any
series issued pursuant to this Section 3.6 in lieu of any destroyed, lost or stolen Security shall constitute an original
additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable
by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities
of that series duly issued hereunder.

 

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

 

	 	Section 3.7	Payment of Interest; Interest Rights Preserved.

  

Except as otherwise provided
as contemplated by Section 3.1 with respect to any series of Securities, interest on any Security which is payable, and
is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or
one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the
office or agency maintained for such purpose pursuant to Section 9.2; provided, however, that at the option of the Company,
interest on any series of Registered Securities that bear interest may be paid (i) by check mailed to the address of the Person
entitled thereto as it shall appear on the Security Register of such series (unless, with respect to a Global Security, the rules
of the Depositary require payment of such amount by wire transfer) or (ii) by wire transfer to an account maintained by the Person
entitled thereto as specified in the Security Register of such series.

 

Unless otherwise provided
as contemplated by Section 3.1, any interest on any Security of any series which is payable, but is not punctually paid
or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease
to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest
may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:

  

(1)          The
Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Securities of such series (or their
respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted
Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted
Interest proposed to be paid on each Security of such series and the date of the proposed payment, and at the same time the Company
shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted
Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such
money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided.
Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest, which shall be not more than
15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the
Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in
the name and at the expense of the Company, shall cause notice of the

 

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proposed payment of such Defaulted Interest and the Special
Record Date therefor to be given to each Holder of Securities of such series in the manner set forth in Section 1.7, not
less than 10 days prior to such Special Record Date.  The Trustee may, in its discretion, in the name and at the expense
of the Company, cause a similar notice to be published at least once in an Authorized Newspaper, but such publication shall not
be a condition precedent to the establishment of such Special Record Date.  Notice of the proposed payment of such Defaulted
Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose
names the Securities of such series (or their respective Predecessor Securities) are registered at the close of business on such
Special Record Date and shall no longer be payable pursuant to the following clause (2).

 

(2)          The
Company may make payment of any Defaulted Interest on the Securities of any series in any other lawful manner not inconsistent
with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required
by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner
of payment shall be deemed practicable by the Trustee.

 

    Subject
to the foregoing provisions of this Section 3.7, 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 3.8	Persons Deemed Owners.

  

Prior to due presentment
of a Security for registration of transfer, the Company, each Guarantor, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name such Security is registered as the owner of such Security for the purpose of receiving payment
of principal of and any premium and (subject to Section 3.7) any interest and any Additional Amounts or other payments on
such Security and for all other purposes whatsoever, whether or not such Security shall be overdue, and none of the Company, any
Guarantor, the Trustee or any agent of the Company, any Guarantor or the Trustee shall be affected by notice to the contrary.

 

Except as otherwise specified
as contemplated by Section 3.1, none of the Company, any Guarantor, the Trustee or any agent of the Company, any Guarantor
or the Trustee shall have any responsibility or liability for any aspect of the records relating to or payments made on account
of beneficial ownership interests of a Global Security, or for maintaining, supervising or reviewing any records relating to such
beneficial ownership interests.  Notwithstanding the foregoing, with respect to any Global Security, nothing herein shall
prevent the Company or the Trustee, or any agent of the Company or the Trustee, from giving effect to any written certification,
proxy or other authorization furnished by any Depositary (or its nominee), as a Holder, with respect to such Global Security or
impair, as between such Depositary and owners of beneficial interests in such Global Security, the operation of customary practices
governing the exercise of the rights of such Depositary (or its nominee) as Holder of such Global Security.

 

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	 	Section 3.9	Cancellation.

  

The Company may at any time
deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have
acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation
any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall
be promptly canceled by the Trustee. The Security Registrar and the Paying Agent shall forward to the Trustee any Securities surrendered
to them for registration of transfer, exchange or payment, and all Securities so delivered shall be promptly canceled by the Trustee.
No Securities shall be authenticated in lieu of or in exchange for any Securities canceled as provided in this Section, except
as expressly permitted by this Indenture or as otherwise specified as contemplated by Section 3.1. On request of the Company
at the time of surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence of such
request, all canceled Securities held by the Trustee shall be disposed of in accordance with the Trustee’s customary procedures.

 

	 	Section 3.10	Computation of Interest.

 

Except as otherwise specified
as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series shall be computed
on the basis of a 360-day year of twelve 30-day months.

 

ARTICLE 4

 

SATISFACTION AND DISCHARGE

 

	 	Section 4.1	Satisfaction and Discharge of Indenture.

  

This Indenture shall upon
Company Request cease to be of further effect with respect to Securities and any related Guarantees of or within any series (except
as to any surviving rights of registration of transfer or exchange of such Securities and replacement of such Securities which
may have been lost, stolen or mutilated as herein expressly provided for), and the Trustee, at the expense of the Company, shall
execute proper instruments acknowledging satisfaction and discharge of this Indenture and any related Guarantees with respect to
such Securities and any related Guarantees, when

 

(1)          either

 

(A)          all
such Securities theretofore authenticated and delivered (other than (i) Securities which have been destroyed, lost or stolen and
which have been replaced or paid as provided in Section 3.6 and (ii) Securities for whose payment money has theretofore
been deposited in trust or segregated and held in trust by the Trustee or the Company and thereafter repaid to the Company or discharged
from such trust, as provided in Section 10.3) have been delivered to the Trustee for cancellation; or

 

(B)          all
such Securities not theretofore delivered to the Trustee for cancellation

 

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(i)          have
become due and payable, or

 

(ii)         will
become due and payable at their Stated Maturity within one year, or

 

(iii)        are
to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption
by the Trustee in the name, and at the expense, of the Company,

 

and the Company or the Guarantors,
if applicable, in the case of clause (i), (ii) or (iii) above, has deposited or caused to be deposited with
the Trustee as trust funds in trust for the purpose money in an amount sufficient to pay and discharge the entire indebtedness
on such Securities not theretofore delivered to the Trustee for cancellation, for principal and any premium and interest and any
Additional Amounts to the date of such deposit (in the case of Securities which have become due and payable) or to the Stated Maturity
or Redemption Date, as the case may be;

 

(2)          the
Company or the Guarantors, if applicable, has paid or caused to be paid all other sums payable hereunder by the Company with respect
to the Outstanding Securities of such series;

 

(3)          the
Company has complied with any other conditions specified pursuant to Section 3.1 to be applicable to the Outstanding Securities
of such series; and

 

(4)          the
Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
precedent herein provided for relating to the satisfaction and discharge of this Indenture as to such Securities and any related
Guarantees have been complied with.

      

If any Outstanding Securities
of such series are to be redeemed prior to their Stated Maturity, whether pursuant to any optional redemption provisions or in
accordance with any mandatory sinking fund requirement, the trust agreement evidencing the trust referred to in subclause (B)
of clause (1) of this Section 4.1 shall provide therefore and the Company shall make such arrangements as are satisfactory
to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company.

 

Notwithstanding the satisfaction
and discharge of this Indenture, the obligations of the Company to the Trustee under Section 6.7, the obligations of the
Trustee to any Authenticating Agent under Section 6.14 and, if money shall have been deposited with the Trustee pursuant
to subclause (B) of clause (1) of this Section 4.1, the obligations of the Trustee under Section 4.2
and the last paragraph of Section 10.3 shall survive.

 

	 	Section 4.2	Application of Trust Money.

  

Subject to the provisions
of the last paragraph of Section 10.3, all money deposited with the Trustee pursuant to Section 4.1 shall be held
in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly
or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons
entitled thereto, of the principal and any premium and interest or Additional Amounts for whose payment such money has been deposited
with the Trustee.

 

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	 	Section 4.3	Reinstatement.

  

If the Trustee or Paying
Agent is unable to apply any money or U.S. Government Obligations deposited with respect to Securities or any related Guarantee
of any series in accordance with Section 4.1 by reason of any legal proceeding or by reason of any order or judgment
of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations
under this Indenture with respect to the Securities of such series and the Securities of such series, as well as any related Guarantee
and any Guarantor’s obligations thereunder, shall be revived and reinstated as though no deposit had occurred pursuant to
Section 4.1 until such time as the Trustee or Paying Agent is permitted to apply all such money or U.S. Government
Obligations in accordance with Section 4.1; provided, however, that if the Company or any Guarantor has made any payment
of principal of, premium (if any) or interest on, or any Additional Amounts with respect to, any Securities or Guarantee because
of the reinstatement of its obligations, the Company or such Guarantor, as applicable, shall be subrogated to the rights of the
Holders of such Securities to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying
Agent.

 

ARTICLE 5

 

REMEDIES

 

	 	Section 5.1	Events of Default.

  

“Event of Default,”
wherever used herein with respect to Securities of any series, means any one of the following events (whatever the reason for such
Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment,
decree or order of any court or any order, rule or regulation of any administrative or governmental body), unless it is either
inapplicable to a particular series or it is specifically deleted or modified in the Board Resolution, supplemental indenture,
Officers’ Certificate establishing such series, or form of Security for such series:

 

(1)          default
in the payment of any interest on, or any Additional Amounts with respect to, any Security of that series when it becomes due and
payable, and continuance of such default for a period of 30 days (unless the entire amount of such payment is deposited by the
Company with the Trustee or with a Paying Agent prior to the expiration of such period of 30 days); or

 

(2)          default
in the payment of the principal of or any premium on any Security of that series at its Maturity; or

 

(3)          default
in the deposit of any sinking fund payment, when and as due by the terms of a Security of that series, and continuance of such
default for a period of 30 days; or

 

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(4)          default
in the performance, or breach, of any covenant or warranty of the Company in this Indenture (other than a covenant or warranty
a default in whose performance or whose breach is elsewhere in this Section 5.1 specifically dealt with or which has expressly
been included in this Indenture solely for the benefit of series of Securities other than that series), and continuance of such
default or breach for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee
or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of that series
a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice
of Default” hereunder; or

 

(5)          the
entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of the Company in an involuntary
case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or other similar law or (B) a
decree or order adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization,
arrangement, adjustment or composition of or in respect of the Company under any applicable federal or state law, or appointing
a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or of any substantial
part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order
for relief or any such other decree or order unstayed and in effect for a period of 60 consecutive days;  or

 

(6)          the
commencement by the Company of a voluntary case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization
or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the
entry of a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable federal
or state bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case
or proceeding against it, or the filing by it, of a petition or answer or consent seeking reorganization or relief under any applicable
federal or state law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a custodian,
receiver, liquidator, assignee, trustee, sequestrator or similar official of the Company or of any substantial part of its property,
or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its
debts generally as they become due, or the taking of corporate action by the Company in furtherance of any such action; or

 

(7)          any
other Event of Default provided with respect to Securities of that series in the Board Resolution, supplemental indenture or Officers’
Certificate establishing that series.

 

Notwithstanding the foregoing
provisions of this Section 5.1, if the principal of, premium (if any) or any interest on, or any Additional Amounts
with respect to, any Security is payable in a currency or currencies (including a composite currency) other than Dollars and such
currency or currencies are not available to the Company for making payment thereof due to the imposition of exchange controls or
other circumstances beyond the control of the Company (a “Conversion Event”), the Company will be entitled to
satisfy its obligations to Holders of the Securities by making such payment in Dollars in an amount equal to the Dollar equivalent
of the amount payable in such other currency, as determined by the Company by reference to the Exchange Rate, as such Exchange
Rate is certified for customs purposes by the Federal Reserve Bank of New York on the date of such payment, or, if such rate is
not then available, on the basis of the most recently available Exchange Rate. Notwithstanding the foregoing provisions of this
Section 5.1, any payment made under such circumstances in Dollars where the required payment is in a currency other
than Dollars will not constitute an Event of Default under this Indenture.

 

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Promptly after the occurrence
of a Conversion Event with respect to the Securities of any series, the Company shall give written notice thereof to the Trustee;
and the Trustee, promptly after receipt of such notice, shall give notice thereof in the manner provided in Section 1.7
to the Holders of such series. Promptly after the making of any payment in Dollars as a result of a Conversion Event with respect
to the Securities of any series, the Company shall give notice in the manner provided in Section 1.7 to the Holders
of such series, setting forth the applicable Exchange Rate and describing the calculation of such payments.

 

	 	Section 5.2	Acceleration of Maturity; Rescission and Annulment.

  

Unless the Board Resolution,
supplemental indenture or Officers’ Certificate establishing such series provides otherwise, if an Event of Default (other
than an Event of Default specified in Section 5.1(5) or 5.1(6)) with respect to Securities of any series at the time
Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25% in principal amount
of the Outstanding Securities of that series may declare the principal amount of all the Securities of that series (or, if any
Securities of that series are Original Issue Discount Securities, such portion of the principal amount of such Securities as may
be specified by the terms thereof) and premium, if any, together with accrued and unpaid interest, if any, thereon, and Additional
Amounts, if any, with respect thereto, to be due and payable immediately, by a notice in writing to the Company (and to the Trustee
if given by the Holders), and upon any such declaration such principal amount (or specified amount) and premium, if any, together
with accrued and unpaid interest, if any, thereon, and Additional Amounts, if any, with respect thereto, shall become immediately
due and payable. Unless the Board Resolution, supplemental indenture or Officers’ Certificate establishing such series provides
otherwise, if an Event of Default specified in Section 5.1(5) or 5.1(6) with respect to Securities of any series
at the time Outstanding occurs, the principal amount of all the Securities of that series (or, if any Securities of that series
are Original Issue Discount Securities, such portion of the principal amount of such Securities as may be specified by the terms
thereof) and premium, if any, together with accrued and unpaid interest, if any, thereon, and Additional Amounts, if any, with
respect thereto, shall automatically, and without any declaration or other action on the part of the Trustee or any Holder, become
immediately due and payable.

 

At any time after such a
declaration of acceleration with respect to Securities of any series has been made and before a judgment or decree for payment
of the money due has been obtained by the Trustee as hereinafter in this Article 5 provided, the Holders of a majority in
principal amount of the Outstanding Securities of that series, by written notice to the Company and the Trustee, may rescind and
annul such declaration and its consequences if

 

(1)          the
Company or any Guarantor has paid or deposited with the Trustee a sum sufficient to pay

 

(A)          all
overdue interest on, and any Additional Amounts with respect to, all Securities of that series (or of all series, as the case may
be),

 

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(B)          the
principal of or premium (if any) on any Securities of that series (or of all series, as the case may be) which have become due
otherwise than by such declaration of acceleration and interest thereon at the rate or rates prescribed therefor in such Securities
(in the case of Original Issue Discount Securities, the Securities’ Yield to Maturity),

 

(C)          to
the extent that payment of such interest is lawful, interest upon overdue interest and any Additional Amounts at the rate or rates
prescribed therefor in such Securities (in the case of Original Issue Discount Securities, the Securities’ Yield to Maturity),
and

 

(D)          all
sums paid or advanced by the Trustee hereunder, the compensation, expenses, disbursements and advances due to Trustee under Section 6.7,
and all other amounts due under Section 6.7;

 

(2)          all
Events of Default with respect to Securities of that series (or of all series, as the case may be), other than the nonpayment of
the principal of Securities of that series (or of all series, as the case may be) which have become due solely by such declaration
of acceleration, have been cured or waived as provided in Section 5.13; and

 

(3)          the
rescission would not conflict with any final judgment or decree of a court of competent jurisdiction.

 

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

 

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

  

The Company covenants that
if

 

(1)         
default is made in the payment of any interest on, or any Additional Amounts with respect to, any Security of any series when
such interest or Additional Amounts shall become due and payable and such default continues for a period of 30 days, or

 

(2)          default
is made in the payment of the principal of (or premium, if any, on) any Security at the Maturity thereof,

  

the Company will, upon demand
of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then due and payable on such Securities
for principal and any premium and interest on, and Additional Amounts with respect to, and, to the extent that payment of such
interest shall be legally enforceable, interest on any overdue principal and premium and on any overdue interest or Additional
Amounts, at the rate or rates prescribed therefor in such Securities (or in the case of Original Issue Discount Securities, the
Securities’ Yield to Maturity), and, in addition thereto, such further amount as shall be sufficient to cover the costs and
expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel, and all other amounts due the Trustee under Section 6.7.

 

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

 

In addition, if any other
Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed,
in its own name and as trustee of an express trust, to protect and enforce its rights and the rights of the Holders of Securities
of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such
rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power
granted herein, or to enforce any other proper remedy.

 

	 	Section 5.4	Trustee May File Proofs of Claim.

  

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

 

(1)          to
file and prove a claim for the whole amount of principal (or lesser amount in the case of Original Issue Discount Securities) (and
premium, if any) and interest and any Additional Amounts owing and unpaid in respect of the Securities and to file such other papers
or documents as may be necessary or advisable 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 of the Holders allowed in such judicial proceeding,
and

 

(2)          to
collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby
authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of
such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 6.7.

 

No provision of this Indenture
shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization,
arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee
to vote in respect of the claim of any Holder in any such proceeding; provided, however, that the Trustee may, on behalf of the
Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or other similar
committee.

 

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	 	Section 5.5	Trustee May Enforce Claims Without Possession of Securities.

  

All rights of action and
claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the
Securities or the production thereof in any proceeding relating thereto, and any such proceeding may be instituted by the Trustee
in its own name as trustee of an express trust.

 

	 	Section 5.6	Application of Money Collected.

 

Any money collected by the
Trustee pursuant to this Article 5 shall be applied and paid in the following order, at the date or dates fixed by the Trustee
and, in case of the distribution of such money on account of principal or any premium or interest on, or any Additional Amounts
with respect to, the Securities, upon presentation of the Securities and the notation thereon of the payment if only partially
paid and upon surrender thereof if fully paid:

 

FIRST: To the payment
of all amounts due the Trustee under Section 6.7 in connection with such series of Securities in respect of which money
or other property is collected;

 

SECOND: Subject
to the terms of any subordination entered into as contemplated by Section 3.1, to the payment of the amounts then due and
unpaid for principal of and any premium, if any, and interest on, and any Additional Amounts with respect to, the Securities in
respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind,
according to the amounts due and payable on such Securities for principal and any premium, if any, interest on and Additional Amounts,
respectively; and

 

THIRD: The balance,
if any, to the Company or any other Person or Persons entitled thereto.

 

To the fullest extent allowed
under applicable law, if for the purpose of obtaining judgment against the Company in any court it is necessary to convert the
sum due in respect of the principal of, premium (if any) or interest on, or any Additional Amounts with respect to, the Securities
of any series (the “Required Currency”) into a currency in which a judgment will be rendered (the “Judgment
Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee
could purchase in The City of New York the Required Currency with the Judgment Currency on the Business Day in The City of New
York next preceding that on which final judgment is given. None of the Company, any Guarantor or the Trustee shall be liable for
any shortfall nor shall any of them benefit from any windfall in payments to Holders of Securities under this Section 5.6
caused by a change in exchange rates between the time the amount of a judgment against it is calculated as above and the time the
Trustee converts the Judgment Currency into the Required Currency to make payments under this Section 5.6 to Holders
of Securities, but payment of such judgment shall discharge all amounts owed by the Company on the claim or claims underlying such
judgment.

 

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	 	Section 5.7	Limitation on Suits.

 

Subject to Section 5.8,
no Holder of any Security of any series shall have any right to institute any proceeding, judicial or otherwise, with respect to
this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless

(1)          an
Event of Default with respect to such series of Securities shall have occurred and be continuing and such Holder has previously
given written notice to the Trustee of such continuing Event of Default;

 

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

 

(3)          such
Holder or Holders have offered and, if requested, provided to the Trustee reasonable indemnity against the costs, expenses and
liabilities to be incurred in compliance with such request;

 

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

 

(5)          no
direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority
in principal amount of the Outstanding Securities of that series (or of all series, as the case may be).

 

No one or more of such Holders
shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb
or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of
such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit
of all of such Holders.

 

	 	Section 5.8	Right of Holders to Receive Principal, Premium and Interest.

 

Notwithstanding any other
provision in this Indenture, the right of any Holder of any Security to receive payment of the principal of and any premium and
(subject to Section 3.7) interest on, or any Additional Amounts with respect to, such Security on the Stated Maturity or
Stated Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date) and to institute suit for
the enforcement of any such payment after the respective due dates, shall not be impaired without the consent of such Holder.

 

	 	Section 5.9	Restoration of Rights and Remedies.

 

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

 

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	 	Section 5.10	Rights and Remedies Cumulative.

 

Except as otherwise provided
in Section 5.7 or with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last
paragraph of Section 3.6, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended
to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and
in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The
assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment
of any other appropriate right or remedy.

 

	 	Section 5.11	Delay or Omission Not Waiver.

  

No delay or omission of
the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default shall impair
any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein.  Every right
and remedy given by this Article 5 or by law to the Trustee or to the Holders may be exercised from time to time, and
as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be.

 

	 	Section 5.12	Control by Holders.

 

With respect to Securities
of any series, the Holders of a majority in principal amount of the Outstanding Securities of such series shall have the right
to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust
or power conferred on the Trustee, relating to or arising under an Event of Default described in clause (1), (2),
(3), (4) or (7) of Section 5.1, and with respect to all Securities the Holders of a
majority in principal amount of all Outstanding Securities shall have the right to direct the time, method and place of conducting
any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, relating to or arising under an
Event of Default described in clause (5) or (6) of Section 5.1, provided that in each such case.

 

(1)          the
Trustee shall have the right to decline to follow any such direction if the Trustee, being advised by counsel, determines that
the action so directed may not lawfully be taken or would conflict with this Indenture or if the Trustee in good faith shall, by
a Responsible Officer, determine that the proceedings so directed would involve it in personal liability or be unjustly prejudicial
to the Holders not taking part in such direction, and

 

(2)          the
Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction or this Indenture.

 

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	 	Section 5.13	Waiver of Past Defaults.

 

Subject to Section 5.8
and Section 9.2, the Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of
any series may on behalf of the Holders of all the Securities of such series waive any past default or Event of Default described
in clause (1), (2), (3), (4) or (7) of Section 5.1 hereunder with respect to such series and its consequences,
and the Holders of a majority in principal amount of all Outstanding Securities may on behalf of the Holders of all Securities
waive any Event of Default described in clause (5) or (6) of Section 5.1 hereunder and its consequences, except a default

 

(1)          in
the payment of the principal of or any premium or interest on, or any Additional Amounts with respect to, any Security as and when
the same shall become due and payable by the terms thereof, otherwise than by acceleration (unless such default has been cured
as provided herein), or

 

(2)          in
respect of a covenant or provision hereof which under Article 9 cannot be modified or amended without the consent of the
Holder of each Outstanding Security affected.

 

Upon any such waiver, such
default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose
of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon.

 

	 	Section 5.14	Undertaking for Costs.

 

All parties to this Indenture
agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that in any suit for the enforcement
of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it
as Trustee, a court may require any party litigant in such suit to file an undertaking to pay the costs of such suit, and may assess
costs against any such party litigant, in the manner and to the extent provided in the Trust Indenture Act; provided that the provisions
of this Section 5.14 shall not apply to any suit instituted by the Company, to any suit instituted by the Trustee, to any
suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of the outstanding
Securities of any series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of or interest
on any Security on or after the Stated Maturity or Stated Maturities expressed in such Security (or, in the case of redemption,
on the redemption date).

 

ARTICLE 6

 

THE TRUSTEE

 

Section 6.1              Certain
Duties and Responsibilities.

 

(1)          If
an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture
and use the same degree of care and skill in their exercise as a prudent individual would exercise or use under the circumstances
in the conduct of his or her own affairs.

 

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

  

(A)          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.

 

(B)          In
the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness
of the opinions expressed therein, upon Officers’ Certificates or Opinions of Counsel furnished to the Trustee and conforming
to the requirements of this Indenture; however, in the case of any such Officers’ Certificates or Opinions of Counsel which
by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such Officers’
Certificates and Opinions of Counsel to determine whether or not they conform to the requirements of this Indenture (but need not
confirm or investigate the accuracy of any mathematical calculations or other facts stated therein).

 

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

 

(A)          This
paragraph does not limit the effect of clause (2) of this Section 6.1.

 

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

 

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

 

(4)          Every
provision of this Indenture that in any way relates to the Trustee is subject to clauses (1), (2) and (3)
of this Section 6.1.

 

(5)          The
Trustee may refuse to perform any duty or to exercise any of the rights or powers vested in it by this Indenture at the request
or direction of any of Holder or Holders pursuant to this Indenture, unless such Holder or Holders shall have offered and, if requested,
provided to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which might be incurred by
it in compliance with such request or direction.

 

(6)          No
provision of this Indenture shall require the Trustee to risk its own funds or otherwise incur any financial liability in the performance
of any of its duties, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that
repayment of such funds or adequate indemnity against such risk is not reasonably assured to it.

 

(7)          The
Paying Agent, the Security Registrar and any Authenticating Agent shall be entitled to the protections, immunities and standard
of care as are set forth in clauses (1), (2) and (3) of this Section 6.1 with respect to the Trustee.

 

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	 	Section 6.2	Notice of Defaults.

 

If a default occurs hereunder
and is continuing with respect to Securities of any series and it is known to a Responsible Officer of the Trustee, the Trustee
shall give the Holders of Securities of such series notice of such default as and to the extent provided by the Trust Indenture
Act; provided, however, that except in the case of a default in the payment of principal of (or premium, if any) or interest on,
or any Additional Amounts with respect to, any Securities of such series or in the payment of any sinking fund installment, the
Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust
committee of directors and/or Responsible Officers of the Trustee in good faith determine that the withholding of such notice is
in the interests of the holders of Securities of such series.

 

	 	Section 6.3	Certain Rights of Trustee.

 

Subject to the provisions
of Section 6.1:

 

(1)          in
the absence of bad faith on the part of the Trustee, the Trustee may rely and shall be protected in acting or refraining from acting
upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture,
note, coupon, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or
presented by the proper party or parties;

 

(2)          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;

 

(3)          any
request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order (unless
other evidence is specifically required herein), and any resolution of the Board of directors shall be sufficiently evidenced by
a Board Resolution;

 

(4)          whenever
in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking,
suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed), in the absence
of bad faith on its part, is entitled to and may rely upon an Officers’ Certificate;

 

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

 

(6)          the
Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents
or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed
with due care by it hereunder.

 

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(7)          the
Trustee shall not be charged with knowledge of any default or Event of Default with respect to the Securities of any series for
which it is acting as Trustee unless either (1) a Responsible Officer shall have actual knowledge of such default or Event of Default
or (2) written notice of such default or Event of Default shall have been given to the Trustee by the Company or any other obligor
on such Securities or by any Holder of such Securities; and

 

(8)          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.

 

	 	Section 6.4	Not Responsible for Recitals or Issuance of Securities.

 

The recitals contained herein
and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the statements of the Company,
and neither the Trustee nor any Security Registrar, Paying Agent or Authenticating Agent assumes any responsibility for their correctness.
The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities. Neither the Trustee
nor any Security Registrar, Paying Agent or Authenticating Agent shall be accountable for the use or application by the Company
of Securities or the proceeds thereof.

 

	 	Section 6.5	May Hold Securities and Act as Trustee under Other Indentures.

 

The Trustee, any Authenticating
Agent, any Paying Agent, any Security Registrar or any other agent of the Company, in its individual or any other capacity, may
become the owner or pledgee of Securities and, subject to Sections 6.8 and 6.13, may otherwise deal with the Company
or any Guarantor with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar
or such other agent.

 

Subject to the limitations
imposed by the Trust Indenture Act, nothing in this Indenture shall prohibit the Trustee from becoming and acting as trustee under
other indentures under which other securities, or certificates of interest of participation in other securities, of the Company
or any Guarantor are outstanding in the same manner as if it were not Trustee hereunder.

 

	 	Section 6.6	Money Held in Trust.

 

Subject to the provisions
of Sections 10.3 and 13.5, all moneys received by the Trustee shall, until used or applied, as provided herein, be
held in trust for the purposes for which they were received. Money held by the Trustee in trust hereunder need not be segregated
from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any money received
by it hereunder except as otherwise agreed in writing with the Company. So long as no Event of Default shall have occurred and
be continuing, all interest allowed on any such moneys shall be paid by the Company from time to time upon a Company Order.

 

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	 	Section 6.7	Compensation and Reimbursement.

 

The Company shall pay to
the Trustee from time to time such reasonable compensation for its services as the Company and the Trustee may agree in writing
from time to time.  The Trustee’s compensation shall not be limited by any law on compensation of a trustee of
an express trust.  The Company shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses, disbursements
and advances incurred by it in connection with the performance of its duties under this Indenture, except any such expense, disbursement
or advance as may be attributable to its negligence, willful misconduct or bad faith.  Such expenses shall include the
reasonable compensation and expenses of the Trustee’s agents and counsel.

 

The Company shall indemnify
the Trustee for, and hold it harmless against, any and all loss, liability, damage, claim or expense (including attorneys’
fees and expenses, and including taxes other than taxes based upon, measured by or determined by the income of the Trustee), including
without limitation the costs and expenses of defending itself against any third-party claim (whether asserted by any Holder or
any other Person (other than the Company to the extent of any claim brought by it against the Trustee that establishes a breach
by the Trustee in the observance or performance of its duties under this Indenture)), incurred by it without negligence, willful
misconduct or bad faith arising out of or in connection with its acceptance or administration of the trust or trusts hereunder,
including the performance of its duties or the exercise of its powers hereunder. With respect to any such claim other than a claim
brought by the Company, (i) the Trustee shall notify the Company promptly of any claim for which it may seek indemnity, (ii) the
Company may at its option defend the claim, in which event the Trustee shall cooperate in the defense and the Trustee may have
one separate counsel and the Company shall pay the reasonable fees and expenses of such counsel and (iii) the Company need not
pay for any settlement made without its consent, which consent shall not be unreasonably withheld. This indemnification shall apply
to officers, directors, employees, shareholders and agents of the Trustee.

 

To secure the Company’s
payment obligations in this Section 6.7, the Trustee shall have a lien prior to the Securities of any series on all money
or property held or collected by the Trustee, except that held in trust to pay principal of and interest on, or any Additional
Amounts with respect to, particular Securities of that series.

 

When the Trustee incurs
expenses or renders services after an Event of Default specified in Section 5.1(5) or (6) occurs, the expenses and
the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law.

 

The provisions of this Section 6.7
and any lien arising hereunder shall survive the resignation or removal of the Trustee or the discharge of the Company’s
obligations under this Indenture and the termination of this Indenture.

 

Section 6.8              Conflicting
Interests.

 

If the Trustee has or shall
acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such conflicting
interest or resign, to the extent and in the manner and with the effect provided by, and subject to the provisions of, the Trust
Indenture Act and this Indenture. To the extent permitted by the Trust Indenture Act, the Trustee shall not be deemed to have a
conflicting interest by virtue of being a trustee under this Indenture with respect to Securities of more than one series or any
other indenture.

 

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Section 6.9              Eligibility;
Disqualification.

 

There shall at all times
be one (and only one) Trustee hereunder with respect to the Securities of each series (which need not be the same Trustee for all
series). A Trustee may be Trustee hereunder for Securities of one or more series. Each Trustee shall be a Person that is eligible
pursuant to the Trust Indenture Act to act as such and has (or if the Trustee is a member of a bank holding company system, its
bank holding company has) a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by federal
or state (or the District of Columbia) authority. If any such Person or bank holding company publishes reports of condition at
least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this
Section 6.9 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person or bank
holding company shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published.
If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions
of this Section 6.9, it shall resign immediately in the manner and with the effect hereinafter specified in this Article
6.

 

The Indenture shall always
have a Trustee who satisfies the requirements of Sections 310(a)(1), 310(a)(2) and 310(a)(5) of the Trust Indenture Act.

 

Section 6.10              Resignation
and Removal; Appointment of Successor.

 

No resignation or removal
of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of
appointment by the successor Trustee in accordance with the applicable requirements of Section 6.11.

 

The Trustee may resign at
any time with respect to the Securities of one or more series by giving written notice thereof to the Company. If the instrument
of acceptance by a successor Trustee required by Section 6.11 shall not have been delivered to the Trustee within 30 days
after the giving of such notice of resignation, the resigning Trustee may petition at the expense of the Company any court of competent
jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series.

 

The Trustee may be removed
at any time with respect to the Securities of any series by Act of the Holders of a majority in principal amount of the Outstanding
Securities of such series, delivered to the Trustee and to the Company.  If the instrument of acceptance by a successor
Trustee required by Section 6.11 shall not have been delivered to the removed Trustee within 30 days after the
receipt of such notice of removal, the removed Trustee may petition at the expense of the Company any court of competent jurisdiction
for the appointment of a successor Trustee with respect to the Securities of such series.

 

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If at any time:

 

(1)          the
Trustee shall fail to comply with Section 6.8 after written request therefor by the Company or by any Holder who has been
a bona fide Holder of a Security for at least six months, or

 

(2)          the
Trustee shall cease to be eligible under Section 6.9 and shall fail to resign after written request therefor by the Company
or by any such Holder, or

 

(3)          the
Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property
shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose
of rehabilitation, conservation or liquidation,

 

then, in any such case, (A)
the Company by a Board Resolution may remove the Trustee with respect to all Securities, or (B) subject to Section 5.14,
any Holder who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly
situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities and the appointment
of a successor Trustee or Trustees.

 

If the Trustee shall resign,
be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect to the
Securities of one or more series, the Company by a Board Resolution shall promptly appoint a successor Trustee or Trustees with
respect to the Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect
to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the
Securities of any particular series) and such successor Trustee or Trustees shall comply with the applicable requirements of Section
6.11. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee
with respect to the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the
Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall,
forthwith upon its acceptance of such appointment in accordance with the applicable requirements of Section 6.11, become
the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed
by the Company. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the Company
or the Holders and accepted appointment in the manner required by Section 6.11, the retiring Trustee may petition, or any
Holder who has been a bona fide Holder of a Security of such series for at least six months may petition, on behalf of himself
and all others similarly situated, any court of competent jurisdiction for the appointment of a successor Trustee with respect
to the Securities of such series.

 

The Company shall give notice
of each resignation and each removal of the Trustee with respect to the Securities of any series and each appointment of a successor
Trustee with respect to the Securities of any series to all Holders of Securities of such series in the manner provided in Section
1.7. Each notice shall include the name of the successor Trustee with respect to the Securities of such series and the address
of its Corporate Trust Office.

 

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Section 6.11              Acceptance
of Appointment by Successor.

 

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

 

In case of the appointment
hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the Company, any Guarantor,
the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver
an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain such
provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment
of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such
provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue
to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary
to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing
herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee
shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other
such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee
shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance,
shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that
or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee,
such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring
Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee relates.

 

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

 

No successor Trustee shall
accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under this
Article 6.

 

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Section 6.12              Merger,
Conversion, Consolidation or Succession to Business.

 

Any corporation into which
the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion
or consolidation to which the Trustee shall be a party, or any corporation succeeding to or acquiring all or substantially all
the corporate trust business of the Trustee (including the administration of the trust created by this Indenture), shall be the
successor of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under this Article, without
the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall
have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation
to, or by succession to or acquisition of all or substantially all of the corporate trust business of, such successor Trustee may
adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself
authenticated such Securities.

 

Section 6.13              Preferential
Collection of Claims Against Company.

 

If and when the Trustee
shall be or become a creditor of the Company (or any other obligor upon the Securities) as provided in the Trust Indenture Act,
the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Company
(or any such other obligor).

 

Section 6.14              Appointment
of Authenticating Agent.

 

The Trustee may appoint
an Authenticating Agent or Agents with respect to one or more series of Securities which shall be authorized to act on behalf of
the Trustee to authenticate Securities of such series issued upon original issue and upon exchange, registration of transfer or
partial redemption thereof or pursuant to Section 3.6, and Securities so authenticated shall be entitled to the benefits
of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference
is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of
authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating
Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent
shall be acceptable to the Company and, except as other specified as contemplated by Section 3.1, shall at all times be
a bank or trust company or corporation organized and doing business under the laws of the United States of America, any State thereof
or the District of Columbia, authorized under such laws to act as Authenticating Agent, having (or if the Authenticating Agent
is a member of a bank holding company system, its bank holding company has) a combined capital and surplus of not less than $50,000,000
and subject to supervision or examination by Federal or State (or the District of Columbia) authority. If such Authenticating Agent
publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority,
then for the purposes of this Section 6.14, the combined capital and surplus of such Authenticating Agent shall be deemed
to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating
Agent shall cease to be eligible in accordance with the provisions of this Section 6.14, such Authenticating Agent shall
resign immediately in the manner and with the effect specified in this Section 6.14.

 

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Any corporation into which
an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to or acquiring
the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided
such corporation shall be otherwise eligible under this Section 6.14, without the execution or filing of any paper or any
further act on the part of the Trustee or the Authenticating Agent.

 

An Authenticating Agent
for any series of Securities may resign at any time by giving written notice thereof to the Trustee for such series and to the
Company. The Trustee for any series of Securities may at any time terminate the agency of an Authenticating Agent by giving written
notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination,
or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section,
the Trustee for such series may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall give
notice of such appointment in the manner provided in Section 1.7 to all Holders of Securities of the series with respect
to which such Authenticating Agent will serve. Any successor Authenticating Agent upon acceptance of its appointment hereunder
shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named
as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section
6.14.

 

The Trustee agrees to pay
to each Authenticating Agent from time to time reasonable compensation for its services under this Section 6.14, and the
Trustee shall be entitled to be reimbursed for such payments, subject to the provisions of Section 6.7.

 

If an appointment with respect
to one or more series is made pursuant to this Section 6.14, the Securities of such series may have endorsed thereon, in
lieu of the Trustee’s certificate of authentication, an alternative certificate of authentication in the following form:

 

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

 

 

	 	 	 
	 	[TRUSTEE], as Trustee 
	 	 
	 	By:	 
	 	 	As
Authenticating Agent 
	 	 	 
	 	By:	 
	 	 	Authorized
Officer 

  

Notwithstanding any provision
of this Section 6.14 to the contrary, if at any time any Authenticating Agent appointed hereunder with respect to any
series of Securities shall not also be acting as the Security Registrar hereunder with respect to any series of Securities, then,
in addition to all other duties of an Authenticating Agent hereunder, such Authenticating Agent

 

    	49

    	 

    
 

shall also be obligated: (i) to
furnish to the Security Registrar promptly all information necessary to enable the Security Registrar to maintain at all times
an accurate and current Security Register; and (ii) prior to authenticating any Security denominated in a foreign currency,
to ascertain from the Company the units of such foreign currency that are required to be determined by the Company pursuant to
Section 3.2.

  

ARTICLE 7                      

 

HOLDERS’ LISTS AND
REPORTS BY TRUSTEE AND COMPANY

 

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

 

The Company will furnish
or cause to be furnished to the Trustee

 

(1)          not
later than 15 days after the Regular Record Date for each respective series of Securities, or if there is no Regular Record Date
for such series of Securities, semi-annually on January 1 and July 1, a list, in such form as the Trustee may reasonably require,
of the names and addresses of the Holders of Securities of each series as of such date, as the case may be, and

 

(2)          at
such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such request, a
list of similar form and content as of a date not more than 15 days prior to the time such list is furnished;

 

provided that no such list
need be furnished by the Company to the Trustee so long as the Trustee is acting as Security Registrar.

 

Section 7.2              Preservation
of Information; Communications to Holders.

 

The Trustee shall preserve,
in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent list furnished
to the Trustee as provided in Section 7.1 and the names and addresses of Holders received by the Trustee in its capacity
as Security Registrar. The Trustee may destroy any list furnished to it as provided in Section 7.1 upon receipt of a new
list so furnished.

 

The rights of Holders to
communicate with other Holders with respect to their rights under this Indenture or under the Securities, and the corresponding
rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act.

Every Holder of Securities,
by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any agent
of either of them shall be held accountable by reason of any disclosure of information as to names and addresses of Holders made
pursuant to the Trust Indenture Act.

 

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Section 7.3              Reports
by Trustee.

 

The Trustee shall transmit
to Holders and any other required Persons such reports concerning the Trustee and its actions under this Indenture as may be required
pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto.

 

As promptly as practicable
after each January 1 beginning with the January 1 following the date of this Indenture, and in any event prior to March 1 in each
year, the Trustee shall mail to each Holder a brief report dated as of December 31 of the prior year if and to the extent required
by Section 313(a) of the Trust Indenture Act. The Trustee shall also comply with Section 313(b) of the Trust Indenture Act.

 

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

 

Section 7.4              Reports
by Company.

 

(1)          The
Company shall file with the Trustee and the Commission, and transmit to Holders and any other required Persons within 30 days after
the filing with the Trustee, such information, documents and other reports, and such summaries thereof, as may be required pursuant
to the Trust Indenture Act at the times and in the manner provided pursuant to the Trust Indenture Act; provided that any such
information, documents or reports required to be filed with the Commission pursuant to Section 13 or 15(d) of the Exchange Act
shall be filed with the Trustee within 30 days after the same is so required to be filed with the Commission.

 

(2)          The
Company intends to file the reports referred to in Section 7.4(1) hereof with the Commission in electronic form pursuant
to Regulation S-T of the Commission using the Commission’s Electronic Data Gathering, Analysis and Retrieval system.  Compliance
with the foregoing, or any successor electronic system approved by the Commission, shall constitute delivery by the Company of
such reports to the Trustee and Holders in compliance with the provision of this Section 7.4(2) and Section 314(a) of the
Trust Indenture Act.  Notwithstanding anything to the contrary herein, the Trustee shall have no duty to search for or
obtain any electronic or other filings that the Company makes with the Commission, regardless of whether such filings are periodic,
supplemental or otherwise.  Delivery of the reports, information and documents to the Trustee pursuant to this Section
7.4(2) shall be solely for the purposes of compliance with this Section 7.4(2) and with Section 314(a) of the Trust
Indenture Act.  The Trustee’s receipt of such reports, information and documents shall not constitute notice to
it of the content thereof or of any matter determinable from the content thereof (and the Trustee shall not have any duty to ascertain
or inquire as to such content or matter), including the Company’s compliance with any of its covenants hereunder, as to which
the Trustee is absolutely entitled to conclusively rely upon Officers’ Certificates.

 

ARTICLE 8

 

CONSOLIDATION, MERGER,
CONVEYANCE, TRANSFER OR LEASE

 

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

 

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The Company may not merge
or consolidate with or into any other Person, in a transaction in which it is not the surviving Person, or sell, convey, transfer,
lease or otherwise dispose of all or substantially all of its assets to any Person, unless (i) the surviving or transferee Person
is organized and existing under the laws of the United States or a State thereof or the District of Columbia and such Person expressly
assumes by supplemental indenture all the obligations of the Company under the Securities and under this Indenture, (ii) immediately
thereafter, giving effect to such merger or consolidation, or such sale, conveyance, transfer or other disposition, no default
or Event of Default shall have occurred and be continuing and (iii) the Company shall have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel each stating that such merger, consolidation, sale, conveyance, transfer, lease or other
disposition complies with this Article 8 and that all conditions precedent herein provided for relating to such transaction
have been complied with.

 

Section 8.2              Successor
Substituted.

 

Upon any consolidation of
the Company with, or merger of the Company into, any other Person or any conveyance, transfer or lease of all or substantially
all of the properties and assets of the Company in accordance with Section 8.1, the successor Person formed by such consolidation
or into which the Company is merged or to which such sale, conveyance, transfer or lease is made shall succeed to, and be substituted
for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person
had been named as the Company herein, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of
all obligations and covenants under this Indenture and the Securities.

 

ARTICLE 9

 

SUPPLEMENTAL INDENTURES

 

Section 9.1              Supplemental
Indentures Without Consent of Holders.

 

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

 

(1)          to
evidence the succession of another Person to the Company (or any guarantor of all or any series of Securities), or successive successions,
and the assumption by any such successor of the covenants and obligations of the Company (or any such guarantor) herein and in
the Securities in compliance with Article 8; or

 

(2)          to
add to the covenants of the Company for the benefit of the Holders of any one or more series of Securities (and if such covenants
are to be for the benefit of less than all series of Securities, stating that such covenants are expressly being included solely
for the benefit of such series), to convey, transfer, assign, mortgage or pledge any property to or with the Trustee or otherwise
secure any series of the Securities, including provisions regarding the circumstances under which collateral may be released or
substituted, to surrender any right or power herein conferred upon the Company or to comply with any requirement of the Commission
or otherwise in connection with the qualification of this Indenture or any supplemental indenture under the Trust Indenture Act;
or

 

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(3)          to
add any additional Events of Default for the benefit of the Holders of any one or more series of Securities (and if such additional
Events of Default are to be for the benefit of less than all series of Securities, stating that such additional Events of Default
are expressly being included solely for the benefit of such series); or

 

(4)          to
add to or change any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the issuance
of Securities in bearer form, registrable or not registrable as to principal, and with or without interest coupons, or to permit
or facilitate the issuance of Securities in global form or uncertificated form; or

 

(5)          to
add to, change or eliminate any of the provisions of this Indenture in respect of one or more series of Securities, provided that
any such addition, change or elimination (A) shall neither (i) apply to any Outstanding Security of any series created prior to
the execution of such supplemental indenture and entitled to the benefit of such provision, or (ii) modify the rights of any
Holder of any Outstanding Security with respect to such provision, or (B) shall become effective when there is no Security
then Outstanding; or

 

(6)          to
add or provide for a guaranty or guarantees of the Securities or additional obligors on the Securities; or

 

(7)          to
establish the form or terms of Securities of any series as permitted by Sections 2.1 and 3.1; or

 

(8)          to
evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or
more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate
the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 6.11; or

 

(9)          to
correct or supplement any provision herein which may be defective or inconsistent with any other provision herein, to cure any
ambiguity or omission, to correct any mistake, or to conform to any prospectus pursuant to which Securities of any series were
offered; or

 

(10)        to
make any other provisions with respect to matters or questions arising under this Indenture, provided such action shall not adversely
affect the rights of any Holder of Securities of any series; or

 

(11)        to
make any change that does not adversely affect the rights of any Holder.

 

Section 9.2              Supplemental
Indentures with Consent of Holders.

 

With the consent of the
Holders of a majority in principal amount of the Outstanding Securities of each series affected by such supplemental indenture
(acting as one class), by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by a

 

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Board
Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions
to or changing in any manner or eliminating any of the provisions of this Indenture or any indenture supplemental hereto or of
modifying in any manner the rights of the Holders of Securities of such series under this Indenture; provided, however, that no
such supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected thereby,

 

(1)          change
the Stated Maturity of the principal of or any installment of principal of, or the date fixed for payment of interest on or any
sinking fund payment with respect to, any Security, or reduce the principal amount thereof or the rate of interest thereon, any
Additional Amounts with respect thereto or any premium payable upon the redemption thereof, or change any obligation of the Company
to pay Additional Amounts (except as contemplated by Section 8.1 and permitted by clause (1) of Section 9.1),
or reduce the amount of the principal of an Original Issue Discount Security or any other Security which would be due and payable
upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.2, or change any Place of Payment where,
or the coin or currency or currencies (including composite currencies) in which any Security or any premium or interest thereon
or Additional Amounts with respect thereto is payable, or impair the right to institute suit for the enforcement of any such payment
on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date), or

 

(2)          reduce
the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for any
such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions
of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture, or

 

(3)          modify
any of the provisions of this Section 9.2, Section 5.13 or Section 10.8, except to increase any such percentage
or to provide with respect to any particular series the right to condition the effectiveness of any supplemental indenture as to
that series on the consent of the Holders of a specified percentage of the aggregate principal amount of Outstanding Securities
of such series (which provision may be made pursuant to Section 3.1 without the consent of any Holder) or to provide
that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding
Security affected thereby; provided, however, that this clause shall not be deemed to require the consent of any Holder with respect
to changes in the references to the “Trustee” and concomitant changes in this Section 9.2 and Section
10.8, or the deletion of this proviso, in accordance with the requirements of Sections 6.11 and 9.1(8).

 

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

 

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

 

Section 9.3              Execution
of Supplemental Indentures.

 

In executing, or accepting
the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts
created by this Indenture, the Trustee shall be entitled to receive, and (subject to Sections 6.1 and 6.3) shall
be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized
or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which
affects the Trustee’s own rights, duties, immunities or liabilities under this Indenture or otherwise.

 

Section 9.4              Effect
of Supplemental Indentures.

 

Upon the execution of any
supplemental indenture under this Article 9, this Indenture shall be modified in accordance therewith, and such supplemental
indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated
and delivered hereunder shall be bound thereby; provided that if such supplemental indenture makes any of the changes described
in clauses (1) through (3) of the first proviso to Section 9.2, such supplemental indenture shall bind each
Holder of a Security who has consented to it and every subsequent Holder of such Security or any part thereof.

 

Section 9.5              Conformity
with Trust Indenture Act.

 

Every supplemental indenture
executed pursuant to this Article 9 shall conform to the requirements of the Trust Indenture Act.

 

Section 9.6              Reference
in Securities to Supplemental Indentures.

 

Securities of any series
authenticated and delivered after the execution of any supplemental indenture pursuant to this Article 9 may, and shall
if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental
indenture. If the Company shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee
and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered
by the Trustee in exchange for Outstanding Securities of such series.

 

ARTICLE 10

 

COVENANTS

 

Section 10.1            Payment
of Principal, Premium and Interest.

 

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

 

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Section 10.2            Maintenance
of Office or Agency.

 

The Company will maintain
in each Place of Payment for any series of Securities an office or agency where Securities of that series may be presented or surrendered
for payment, where Securities of that series may be surrendered for registration of transfer or exchange and where notices and
demands to or upon the Company in respect of the Securities of that series and this Indenture may be served. The Company will give
prompt written notice to the Trustee of the location, and any change in the location, of any such office or agency. If at any time
the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof,
such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the
Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands. Unless otherwise
provided in a supplemental indenture or pursuant to Section 3.1 hereof, the Place of Payment for any series of Securities
shall be the Corporate Trust Office of the Trustee.

 

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

 

Section 10.3            Money
for Securities Payments to be Held in Trust.

 

If the Company, any Subsidiary
or any of their respective Affiliates shall at any time act as Paying Agent with respect to any series of Securities, such Paying
Agent will, on or before each due date of the principal of or any premium or interest on, or any Additional Amounts with respect
to, any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient
to pay the principal and any premium and interest, or any Additional Amounts, so becoming due until such sums shall be paid to
such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act.

 

Whenever the Company shall
have one or more Paying Agents for any series of Securities, it will, on or prior to each due date of the principal of or any premium
or interest on, or Additional Amounts with respect to, any Securities of that series, deposit with a Paying Agent a sum sufficient
to pay such amount, such sum to be held as provided by the Trust Indenture Act, and (unless such Paying Agent is the Trustee) the
Company will promptly notify the Trustee of its action or failure so to act.

 

The Company will cause each
Paying Agent for any series of Securities other than the Trustee to execute and deliver to the Trustee an instrument in which such
Paying Agent shall agree with the Trustee, subject to the provisions of this Section 10.3, that such Paying Agent will

 

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(1) comply
with the provisions of the Trust Indenture Act applicable to it as a Paying Agent and (2) during the continuance of any default
by the Company (or any other obligor upon the Securities of that series) in the making of any payment in respect of the Securities
of that series, upon the written request of the Trustee, forthwith pay to the Trustee all sums held in trust by such Paying Agent
for payment in respect of the Securities of that series.

 

The Company may at any time,
for the purpose of obtaining the satisfaction and discharge of this Indenture, or with respect to one or more series of Securities,
or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the
Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held
by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released
from all further liability with respect to such money.

 

Any money deposited with
the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of or any premium or interest
on, or any Additional Amounts with respect to, any Security of any series and remaining unclaimed for a period ending on the earlier
of the date that is ten Business Days prior to the date such money would escheat to the State or two years after such principal,
premium or interest or Additional Amount has become due and payable shall be paid to the Company on Company Request, or (if then
held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general
creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such
trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or
such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once,
in an Authorized Newspaper in The Borough of Manhattan, The City of New York and in such other Authorized Newspapers as the Trustee
shall deem appropriate, notice that such money remains unclaimed and that, after a date specified herein, which shall not be less
than 30 days from the date of such publication, any unclaimed balance of such money then remaining will, unless otherwise
required by mandatory provisions of applicable escheat, or abandoned or unclaimed property law, be repaid to the Company.

 

Section 10.4            Statement
by Officers as to Default.

 

At any time at which there
are Outstanding Securities of any series issued under this Indenture, the Company will deliver to the Trustee, within 120 days
after the end of each fiscal year of the Company ending after the date hereof, an Officers’ Certificate complying with Section 314(a)(4)
of the Trust Indenture Act and stating that a review of the activities of the Company during such year and of performance under
this Indenture has been made under the supervision of the signers thereof and stating whether or not to the best knowledge of the
signers thereof, based upon such review, the Company is in default in the performance and observance of any of the terms, provisions
and conditions of this Indenture (without regard to any period of grace or requirement of notice provided hereunder) and, if the
Company shall be in default, specifying all such defaults and the nature and status thereof of which they may have knowledge. One
of the officers signing the Officers’ Certificate delivered pursuant to this Section 10.05 shall be the principal
executive, financial or accounting officer of the Company.

 

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Section 10.5            Existence.

 

Subject to Article 8,
the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its existence.

 

Section 10.6            All
Securities to be Equally and Ratably Secured.

 

Unless specified otherwise
by the Company pursuant to Section 3.1 with respect to any series, the Company will not itself secure Securities of any
one or more series with any Mortgage, without effectively providing that the Securities of every other series shall be secured
equally and ratably by such Mortgage.

 

Section 10.7            Maintenance
of Properties.

 

The Company will cause all
properties used or useful in the conduct of its business to be maintained and kept in good condition, repair and working order
and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, betterments
and improvements thereof, all as, and to the extent, in the judgment of the Company may be necessary or appropriate in connection
with its business; provided, however, that nothing in this Section shall prevent the Company from discontinuing the operation or
maintenance of any of such properties if such discontinuance is, in the judgment of the Company, desirable in the conduct of its
business and not disadvantageous in any material respect to the Holders.

 

Section 10.8            Payment
of Taxes and Other Claims.

 

The Company will pay or
discharge or cause to be paid or discharged, before the same shall become delinquent, (1) all taxes, assessments and governmental
charges levied or imposed upon the Company or upon the income, profits or property of the Company, and (2) all lawful claims for
labor, materials and supplies which, if unpaid, might by law become a lien upon the property of the Company; provided, however,
that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or
claim (i) whose amount, applicability or validity is being contested in good faith by appropriate proceedings or (ii) if the failure
to pay or discharge would not have a material adverse effect on the assets, business, operations, properties or financial condition
of the Company and its Subsidiaries, taken as a whole.

 

Section 10.9            Waiver
of Certain Covenants.

 

Except as otherwise specified
as contemplated by Section 3.1 for Securities of such series, the Company may, with respect to the Securities of any series,
omit in any particular instance to comply with any term, provision or condition set forth in any covenant provided pursuant to
Sections 3.1(21), 9.1(2), 8.1, 10.4, 10.5, 10.6, 10.7 or 10.8 for the benefit
of the Holders of such series if before or after the time for such compliance the Holders of at least a majority in principal amount
of the Outstanding Securities of such series shall, by Act of such Holders, either waive such compliance in such instance or generally
waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition
except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the
duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect.

 

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Section 10.10           Additional
Amounts.

 

If the Securities of a series
expressly provide for the payment of Additional Amounts, the Company will pay to the Holder of any Security of such series Additional
Amounts as expressly provided therein. Whenever in this Indenture there is mentioned, in any context, the payment of the principal
of, or premium (if any) or interest on any Security of any series or the net proceeds received from the sale or exchange of any
Security of any series, such mention shall be deemed to include mention of the payment of Additional Amounts provided for in this
Section 10.10 to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof
pursuant to the provisions of this Section 10.10 and express mention of the payment of Additional Amounts (if applicable)
in any provisions hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such express mention
is not made.

 

If the Securities of a series
provide for the payment of Additional Amounts, at least 10 days prior to the first Interest Payment Date with respect to that
series of Securities (or if the Securities of that series will not bear interest prior to Maturity, the first day on which a payment
of principal and any premium is made), and at least 10 days prior to each date of payment of principal and any premium or
interest if there has been any change with respect to the matters set forth in the below-mentioned Officers’ Certificate,
the Company shall furnish the Trustee and the Company’s principal Paying Agent or Paying Agents, if other than the Trustee,
with an Officers’ Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment of principal
of and any premium or interest on the Securities of that series shall be made to Holders of Securities of that series who are United
States Aliens without withholding for or on account of any tax, assessment or other governmental charge described in the Securities
of that series. If any such withholding shall be required, then such Officers’ Certificate shall specify by country the amount,
if any, required to be withheld on such payments to such Holders of Securities and the Company will pay to such Paying Agent the
Additional Amounts required by this Section 10.10. The Company covenants to indemnify the Trustee and any Paying Agent
for, and to hold them harmless against any loss, liability or expense reasonably incurred without negligence, willful misconduct
or bad faith on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers’
Certificate furnished pursuant to this Section 10.10.

 

ARTICLE 11

 

REDEMPTION OF SECURITIES

 

Section 11.1            Applicability
of Article.

 

Securities of any series
that are redeemable in whole or in part before their Stated Maturity shall be redeemable in accordance with their terms and (except
as otherwise specified as contemplated by Section 3.1 for such Securities) in accordance with this Article 11.

 

Section 11.2            Election
to Redeem; Notice to Trustee.

 

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The election of the Company
to redeem any Securities shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section
3.1 for such Securities. In case of any redemption at the election of the Company of less than all the Securities of any series
(including any such redemption affecting only a single Security), the Company shall, at least 45 days prior to the Redemption Date
fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date,
of the principal amount of Securities of such series to be redeemed and, if applicable, of the tenor of the Securities to be redeemed.
In the case of any redemption of Securities (i) prior to the expiration of any restriction on such redemption provided in the terms
of such Securities or elsewhere in this Indenture or (ii) pursuant to an election of the Company which is subject to a condition
specified in the terms of such Securities, the Company shall furnish the Trustee with an Officers’ Certificate evidencing
compliance with such restriction or condition.

 

Section 11.3            Selection
by Trustee of Securities to Be Redeemed.

 

If less than all the Securities
of any series are to be redeemed (unless all the Securities of such series and of a specified tenor are to be redeemed or unless
such redemption affects only a single Security), the particular Securities to be redeemed shall be selected not more than 45 days
prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series not previously called for redemption,
on a pro-rata basis, or in the Trustee’s discretion, by lot, or by such other method as the Trustee shall deem fair and appropriate,
provided that the unredeemed portion of the principal amount of any Security shall be in an authorized denomination (which shall
not be less than the minimum authorized denomination) for such Security.

 

If any Security selected
for partial redemption is converted in part before termination of the conversion 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.

 

The Trustee shall promptly
notify the Company and the Security Registrar in writing of the Securities selected for redemption as aforesaid and, in case of
any Securities selected for partial redemption as aforesaid, the principal amount thereof to be redeemed.

 

For all purposes of this
Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the
case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities which
has been or is to be redeemed.

 

Section 11.4            Notice
of Redemption.

 

Notice of redemption shall
be given by first-class mail, postage prepaid, mailed not fewer than 30 nor more than 90 days prior to the Redemption Date, unless
a shorter period is specified in the Securities to be redeemed, to each Holder of Securities to be redeemed, at its address appearing
in the Security Register.

 

All notices of redemption
shall state:

 

(1)          the
Redemption Date,

 

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(2)          the
Redemption Price (including accrued interest, if any, to be paid),

 

(3)          if
less than all the Outstanding Securities of any series consisting of more than a single Security are to be redeemed, the identification
(and, in the case of partial redemption of any such Securities, the principal amounts) of the particular Securities to be redeemed
and, if less than all the Outstanding Securities of any series consisting of a single Security are to be redeemed, the principal
amount of the particular Security to be redeemed,

 

(4)          in
case any Security is to be redeemed in part only, that on and after the Redemption Date, upon surrender of such Security, the Holder
of such Security will receive, without charge, a new Security or Securities of authorized denominations for the principal amount
thereof remaining unredeemed;

 

(5)          that
on the Redemption Date the Redemption Price will become due and payable upon each such Security to be redeemed and, if applicable,
that interest thereon will cease to accrue on and after said date,

 

(6)          the
place or places where each such Security is to be surrendered for payment of the Redemption Price,

 

(7)          if
applicable, the conversion price, the date on which the right to convert the principal of the Securities or the portions thereof
to be redeemed will terminate, and the place or places where such Securities may be surrendered for conversion,

 

(8)          that
the redemption is for a sinking fund, if such is the case, and

 

(9)          the
CUSIP number or numbers and/or common codes of the Security being redeemed.

Notice of redemption of
Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company’s request, by the
Trustee in the name and at the expense of the Company, provided that the Company shall have prepared and provided to the Trustee
the form of such notice, or, if acceptable to the Trustee, provided sufficient information to enable the Trustee to prepare such
notice, in each case on a timely basis.

 

Section 11.5            Deposit
of Redemption Price.

 

On or prior to any Redemption
Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent,
segregate and hold in trust as provided in Section 10.3) an amount of money sufficient to pay the Redemption Price of, and
(except if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the Securities which are to be redeemed
on that date.

 

If any Security called for
redemption is converted, any money deposited with the Trustee or with a Paying Agent or so segregated and held in trust for the
redemption of such Security shall (subject to any right of any Holder of such Security to receive interest thereon) be paid to
the Company on Company Request, or if then held by the Company, shall be discharged from such trust.

 

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Section 11.6            Securities
Payable on Redemption Date.

 

Notice of redemption having
been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption
Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price
and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such Security for redemption in accordance
with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest (and any Additional
Amounts) to the Redemption Date; provided, however, that, unless otherwise specified as contemplated by Section 3.1, installments
of interest whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders of such Securities, or one
or more Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms
and the provisions of Section 3.7.

 

If any Security called for
redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest
from the Redemption Date at the rate prescribed therefor in the Security or, in the case of Original Issue Discount Securities,
the Securities’ Yield to Maturity.

 

Section 11.7            Securities
Redeemed in Part.

 

Any Security which is to
be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company or the Trustee so requires,
due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the
Holder thereof or its attorney duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and
deliver to the Holder of such Security without service charge, a new Security or Securities of the same series and Stated Maturity
and of like tenor, of any authorized denomination as requested by such Holder, in aggregate principal amount equal to and in exchange
for the unredeemed portion of the principal of the Security so surrendered.

 

Unless otherwise specified
as contemplated by Section 3.1, the Company and any Affiliate of the Company may at any time purchase or otherwise
acquire Securities in the open market or by private agreement. Such acquisition shall not operate as or be deemed for any purpose
to be a redemption of the indebtedness represented by such Securities. Any Securities purchased or acquired by the Company may
be delivered to the Trustee and, upon such delivery, the indebtedness represented thereby shall be deemed to be satisfied. Section 3.
9 shall apply to all Securities so delivered.

 

ARTICLE 12

 

SINKING FUNDS

 

Section 12.1            Applicability
of Article.

 

The provisions of this Article
12 shall be applicable to any sinking fund for the retirement of Securities of any series except as otherwise specified as
contemplated by Section 3.1 for such Securities.

 

    	62

    	 

    
 

The minimum amount of any
sinking fund payment provided for by the terms of any Securities is herein referred to as a “mandatory sinking fund payment,”
and any payment in excess of such minimum amount provided for by the terms of such Securities is herein referred to as an “optional
sinking fund payment.” Unless otherwise provided for by the terms of any Securities, the cash amount of any sinking fund
payment may be subject to reduction as provided in Section 12.2. Each sinking fund payment shall be applied to the redemption
of Securities as provided for by the terms of such Securities.

 

Section 12.2            Satisfaction
of Sinking Fund Payments with Securities.

 

The Company (1) may deliver
Outstanding Securities of a series (other than any previously called for redemption) and (2) may apply as a credit Securities of
a series which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the
application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction
of all or any part of any sinking fund payment with respect to any Securities of such series required to be made pursuant to the
terms of such Securities as and to the extent provided for by the terms of such Securities; provided that the Securities to be
so credited have not been previously so credited. The Securities to be so credited shall be received and credited for such purpose
by the Trustee at the Redemption Price, as specified in the Securities so to be redeemed, for redemption through operation of the
sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

 

Section 12.3            Redemption
of Securities for Sinking Fund.

 

Not fewer than 45 days prior
(unless a shorter period shall be satisfactory to the Trustee) to each sinking fund payment date for any Securities, the Company
will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for such
Securities pursuant to the terms of such Securities, the portion thereof, if any, which is to be satisfied by payment of cash and
the portion thereof, if any, which is to be satisfied by delivering and crediting Securities pursuant to Section 12.2 and
will also deliver to the Trustee any Securities to be so delivered. Not fewer than 30 days prior to each such sinking fund payment
date, the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section
11.3 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner
provided in Section 11.4. Such notice having been duly given, the redemption of such Securities shall be made upon the terms
and in the manner stated in Sections 11.6 and 11.7.

 

ARTICLE 13

 

DEFEASANCE AND COVENANT
DEFEASANCE

 

Section 13.1            Company’s
Option to Effect Defeasance or Covenant Defeasance.

 

The Company may elect, at
its option at any time, to have Section 13.2 or Section 13.3 applied to any Securities or any series of Securities,
as the case may be, designated pursuant to Section 3.1 as being defeasible pursuant to such Section 13.2 or 13.3,
in accordance with any applicable requirements provided pursuant to Section 3.1 and upon compliance with the conditions
set forth below in this Article 13. Any such election shall be evidenced by a Board Resolution or in another manner specified
as contemplated by Section 3.1 for such Securities.

 

    	63

    	 

    
 

Section 13.2            Defeasance
and Discharge.

 

Upon the Company’s
exercise of its option (if any) to have this Section applied to any Securities or any series of Securities, as the case may be,
the Company and any applicable Guarantor shall be deemed to have been discharged from its obligations with respect to such Securities
as provided in this Section on and after the date the conditions set forth in Section 13.4 are satisfied (hereinafter called
“Defeasance”). For this purpose, such Defeasance means that the Company or any Guarantor shall be deemed to
have paid and discharged the entire indebtedness represented by such Securities and to have satisfied all its other obligations
under such Securities and this Indenture and any related Guarantee insofar as such Securities are concerned (and the Trustee, at
the expense of the Company, shall execute proper instruments acknowledging the same), subject to the following which shall survive
until otherwise terminated or discharged hereunder:

 

(1)          the
rights of Holders of such Securities to receive, solely from the trust fund described in Section 13.4 and as more fully
set forth in such Section, payments in respect of the principal of and any premium and interest on, or any Additional Amounts with
respect to, such Securities when payments are due,

 

(2)          the
Company’s obligations with respect to such Securities under Sections 3.4, 3.5, 3.6, 10.2 and
10.3,

 

(3)          the
rights, powers, trusts, duties and immunities of the Trustee hereunder, and

 

(4)          this
Article 13.

 

Subject to compliance with
this Article 13, the Company may exercise its option (if any) to have this Section applied to any Securities notwithstanding
the prior exercise of its option (if any) to have Section 13.3 applied to such Securities.

 

Section 13.3            Covenant
Defeasance.

 

Upon the Company’s
exercise of its option (if any) to have this Section 13.3 applied to any Securities or any series of Securities, as the
case may be,

 

(1)          the
Company or any Guarantors shall be released from their obligations under Sections 8.1, 10.4, 10.5. 10.6,
10.7 or 10.8 and any covenants provided pursuant to Sections 3.1(21) or 9.1(2) for the benefit of the
Holders of such Securities and

 

(2)          the
occurrence of any event specified in Section 5.1(4) (with respect to any of Sections 8.1, 10.4, 10.5.
10.6, 10.7 or 10.8 and any such covenants provided pursuant to Sections 3.1(21) or 9.1(2)) and
the occurrence of any other Event of Default specified pursuant to Section 3.1 or Section 9.1(3) shall be deemed
not to be or result in an Event of Default,

 

    	64

    	 

    
 

in each case with respect
to such Securities or any series of Securities as provided in this Section 13.3 on and after the date the conditions set
forth in Section 13.4 are satisfied (hereinafter called “Covenant Defeasance”). For this purpose, such
Covenant Defeasance means that, with respect to such Securities, the Company and any Guarantors may omit to comply with and shall
have no liability in respect of any term, condition or limitation set forth in any such specified Section or such other covenant
(to the extent so specified in the case of Section 5.1(4) and the occurrence of any Event of Default specified pursuant
to Section 3.1 or Section 9.1(3)), whether directly or indirectly by reason of any reference elsewhere herein to
any such Section or such other covenant or by reason of any reference in any such Section or such other covenant to any other provision
herein or in any other document, but the remainder of this Indenture and such Securities shall be unaffected thereby.

 

Section 13.4            Conditions
to Defeasance or Covenant Defeasance.

 

The following shall be the
conditions to the application of Section 13.2 or Section 13.3 to any Securities or any series of Securities, as the
case may be:

 

(1)          The
Company or any Guarantor shall have deposited or caused to be deposited irrevocably with the Trustee (or another trustee which
satisfies the requirements contemplated by Section 6.9 and agrees to comply with the provisions of this Article applicable
to it) as trust funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated
solely to, the benefits of the Holders of such Securities,

 

(A)          in
the case of Securities of a series denominated in currency of the United States of America,

 

(i)          cash
in currency of the United States of America in an amount, or

 

(ii)         U.S.
Government Obligations which through the scheduled payment of principal and interest in respect thereof in accordance with their
terms will provide, not later than one day before the due date of any payment, an amount in cash, or

 

(iii)        a
combination thereof, or

 

(B)          in
the case of Securities of a series denominated in currency other than that of the United States of America,

 

(i)          cash
in the currency in which such series of Securities is denominated in an amount, or

 

(ii)         Foreign
Government Obligations which through the scheduled payment of principal and interest in respect thereof in accordance with their
terms will provide, not later than one day before the due date of any payment, an amount in cash, or

 

(iii)        a
combination thereof,

 

    	65

    	 

    
 

in each case sufficient,
in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered
to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or any such other qualifying trustee) to pay and
discharge, the principal of and any premium and interest on such Securities on the respective Stated Maturities, in accordance
with the terms of this Indenture and such Securities.

 

(2)          For
Securities denominated in United States dollars, in the event of an election to have Section 13.2 apply to any Securities
or any series of Securities, as the case may be, the Company shall have delivered to the Trustee an Opinion of Counsel stating
that

 

(A)          the
Company has received from, or there has been published by, the Internal Revenue Service a ruling or

 

(B)          since
the date of this instrument, there has been a change in the applicable Federal income tax law,

 

in either case clause
(A) or (B) to the effect that, and based thereon such opinion shall confirm that, the Holders of such Securities will
not recognize gain or loss for Federal income tax purposes as a result of the deposit, Defeasance and discharge to be effected
with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and at the same
times as would be the case if such deposit, Defeasance and discharge were not to occur.

 

(3)          For
Securities denominated in United States dollars, in the event of an election to have Section 13.3 apply to any Securities
or any series of Securities, as the case may be, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect
that the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit
and Covenant Defeasance to be effected with respect to such Securities and will be subject to Federal income tax on the same amount,
in the same manner and at the same times as would be the case if such deposit and Covenant Defeasance were not to occur.

 

(4)          The
Company shall have delivered to the Trustee an Officers’ Certificate to the effect that neither such Securities nor any other
Securities of the same series, if then listed on any securities exchange, will be delisted as a result of such deposit.

 

(5)          No
event which is, or after notice or lapse of time or both would become, an Event of Default with respect to such Securities or any
other Securities shall have occurred and be continuing at the time of such deposit or, with regard to any such event specified
in Sections 5.1(5) and (6), at any time on or prior to the 90th day after the date of such deposit (it being understood
that this condition shall not be deemed satisfied until after such 90th day).

 

(6)          Such
Defeasance or Covenant Defeasance shall not cause the Trustee to have a conflicting interest within the meaning of the Trust Indenture
Act (assuming all Securities are in default within the meaning of such Act).

 

(7)          Such
Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, this Indenture or
any other agreement or instrument to which the Company or any Guarantor is a party or by which it is bound.

 

    	66

    	 

    
 

(8)          Such
Defeasance or Covenant Defeasance shall not result in the trust arising from such deposit constituting an investment company within
the meaning of the Investment Company Act unless such trust shall be registered under such Act or exempt from registration thereunder.

 

(9)          The
Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
precedent with respect to such Defeasance or Covenant Defeasance have been complied with.

 

Section 13.5            Deposited
Money, U. S. Government Obligations and Foreign Government Obligations to be Held in Trust; Miscellaneous Provisions.

 

Subject to the provisions
of the last paragraph of Section 10.3, all money, U.S. Government Obligations and Foreign Government Obligations (including
the proceeds thereof) deposited with the Trustee or other qualifying trustee (solely for purposes of this Section 13.5 and
Section 13.6, the Trustee and any such other trustee are referred to collectively as the “Trustee”) pursuant
to Section 13.4 in respect of any Securities shall be held in trust and applied by the Trustee, in accordance with the provisions
of such Securities and this Indenture, to the payment, either directly or through any such Paying Agent (including the Company
acting as its own Paying Agent) as the Trustee may determine, to the Holders of such Securities, of all sums due and to become
due thereon in respect of principal and any premium and interest, but money so held in trust need not be segregated from other
funds except to the extent required by law. The Company shall pay and indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against the U.S. Government Obligations or Foreign Government Obligations deposited pursuant to Section
13.4 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is
for the account of the Holders of Outstanding Securities. Anything in this Article 13 to the contrary notwithstanding, the
Trustee shall deliver or pay to the Company from time to time upon Company Request any money, U.S. Government Obligations or Foreign
Government Obligations held by it as provided in Section 13.4 with respect to any Securities which, in the opinion of a
nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee,
are in excess of the amount thereof which would then be required to be deposited to effect the Defeasance or Covenant Defeasance,
as the case may be, with respect to such Securities.

 

Section 13.6            Reinstatement.

 

If the Trustee or the Paying
Agent is unable to apply any money in accordance with this Article 13 with respect to any Securities by reason of any order
or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the obligations
under this Indenture and such Securities and any related Guarantee from which the Company and any Guarantor have been discharged
or released pursuant to Section 13.2 or 13.3 shall be revived and reinstated as though no deposit had occurred pursuant
to this Article 13 with respect to such Securities and any related Guarantee, until such time as the Trustee or Paying Agent
is permitted to apply all money held in trust pursuant to Section 13.5 with respect to such Securities in accordance with
this Article 13; provided, however, that if the Company makes any payment of principal of or any premium or interest on
any such Security following such reinstatement of its obligations, the Company shall be subrogated to the rights (if any) of the
Holders of such Securities to receive such payment from the money so held in trust.

 

    	67

    	 

    
 

 

ARTICLE 14

 

GUARANTEES

 

Section 14.1            Guarantee.

 

Any series of Securities
may be guaranteed by one or more of the Guarantors. The terms and the form of any such Guarantee will be established in the manner
contemplated by Section 3.1 for that particular series of Securities.

 

[signature page follows]

 

    	68

    	 

    
 

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

 

 

	 	FOREST OIL CORPORATION 
	 	 	 
		By: 	 
	 	 	 
	 	Title:	 
	 	 	 
	 	[TRUSTEE] 
	 		 
	 	By:	 
	 	 	 
	 	Title:	 

 

    	69

    	 

    
 

SCHEDULE 1

 

Guarantors

 

Forest Oil Permian CorporationEXHIBIT 4.18

 

 

INDENTURE

BETWEEN

FOREST
OIL CORPORATION

AND

______________________,

AS
TRUSTEE

Guaranteed to the extent
set forth therein by the Guarantors named herein

 

 

DATED
AS OF ____________, 201_

 

SUBORDINATED DEBT SECURITIES

(Issuable in Series)

 

     

     

    
 

TABLE OF
CONTENTS

	ARTICLE 1 
	 	 	 	 
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
	 	 	 	 
	Section 1.1	 	Definitions.	1
	Section 1.2	 	Incorporation by Reference of Trust Indenture Act.	9
	Section 1.3	 	Compliance Certificates and Opinions.	10
	Section 1.4	 	Form of Documents Delivered to Trustee.	10
	Section 1.5	 	Acts of Holders; Record Dates.	11
	Section 1.6	 	Notices, etc., to Trustee and Company.	13
	Section 1.7	 	Notice to Holders; Waiver.	14
	Section 1.8	 	Conflict with Trust Indenture Act.	14
	Section 1.9	 	Effect of Headings and Table of Contents.	14
	Section 1.10	 	Successors and Assigns.	14
	Section 1.11	 	Separability Clause.	14
	Section 1.12	 	Benefits of Indenture.	15
	Section 1.13	 	Governing Law.	15
	Section 1.14	 	Legal Holidays.	15
	Section 1.15	 	Indenture and Securities Solely Corporate Obligations.	15
	Section 1.16	 	Indenture May be Executed in Counterparts.	16
	 	 	 	 
	ARTICLE 2
	 	 	 	 
	SECURITY FORMS
	 	 	 	 
	Section 2.1	 	Forms Generally.	16
	Section 2.2	 	Form of Trustee’s Certificate of Authentication.	17
	Section 2.3	 	Global Securities.	17
	Section 2.4	 	Form of Legend for Global Securities.	19
	 	 	 	 
	ARTICLE 3
	 	 	 	 
	THE SECURITIES
	 	 	 	 
	Section 3.1	 	Amount Unlimited; Issuable in Series.	20
	Section 3.2	 	Denominations.	23
	Section 3.3	 	Execution, Authentication, Delivery and Dating.	24
	Section 3.4	 	Temporary Securities.	26
	Section 3.5	 	Registration; Registration of Transfer and Exchange.	26
	Section 3.6	 	Mutilated, Destroyed, Lost and Stolen Securities.	28
	Section 3.7	 	Payment of Interest; Interest Rights Preserved.	28
	Section 3.8	 	Persons Deemed Owners.	29
	Section 3.9	 	Cancellation.	30
	Section 3.10	 	Computation of Interest.	30

 

    	i
	 

    	 

    
 

 

 

ARTICLE 4

SATISFACTION AND DISCHARGE

  

	Section 4.1	 	Satisfaction and Discharge of Indenture.	31
	Section 4.2	 	Application of Trust Money.	32
	Section 4.3	 	Reinstatement.	32
	 	 	 	 
	ARTICLE 5
	 	 	 	 
	REMEDIES
	 	 	 	 
	Section 5.1	 	Events of Default.	32
	Section 5.2	 	Acceleration of Maturity; Rescission and Annulment.	34
	Section 5.3	 	Collection of Indebtedness and Suits for Enforcement by Trustee.	36
	Section 5.4	 	Trustee May File Proofs of Claim.	36
	Section 5.5	 	Trustee May Enforce Claims Without Possession of Securities.	37
	Section 5.6	 	Application of Money Collected.	37
	Section 5.7	 	Limitation on Suits.	38
	Section 5.8	 	Right of Holders to Receive Principal, Premium and Interest.	39
	Section 5.9	 	Restoration of Rights and Remedies.	39
	Section 5.10	 	Rights and Remedies Cumulative.	39
	Section 5.11	 	Delay or Omission Not Waiver.	39
	Section 5.12	 	Control by Holders.	39
	Section 5.13	 	Waiver of Past Defaults.	40
	Section 5.14	 	Undertaking for Costs.	40
	 	 	 	 
	ARTICLE 6
	 	 	 	 
	THE TRUSTEE
	 	 	 	 
	Section 6.1	 	Certain Duties and Responsibilities.	41
	Section 6.2	 	Notice of Defaults.	42
	Section 6.3	 	Certain Rights of Trustee.	42
	Section 6.4	 	Not Responsible for Recitals or Issuance of Securities.	43
	Section 6.5	 	May Hold Securities and Act as Trustee under Other Indentures.	43
	Section 6.6	 	Money Held in Trust.	44
	Section 6.7	 	Compensation and Reimbursement.	44
	Section 6.8	 	Conflicting Interests.	45
	Section 6.9	 	Eligibility; Disqualification.	45
	Section 6.10	 	Resignation and Removal; Appointment of Successor.	45
	Section 6.11	 	Acceptance of Appointment by Successor.	47
	Section 6.12	 	Merger, Conversion, Consolidation or Succession to Business.	48
	Section 6.13	 	Preferential Collection of Claims Against Company.	48
	Section 6.14	 	Appointment of Authenticating Agent.	48

 

    	ii
	 

    	 

    
 

 

 

	ARTICLE 7 
	 	 	 	 
	HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 
	 	 	 	 
	Section 7.1	 	Company to Furnish Trustee Names and Addresses of Holders.	50
	Section 7.2	 	Preservation of Information; Communications to Holders.	50
	Section 7.3	 	Reports by Trustee.	51
	Section 7.4	 	Reports by Company.	51
	 	 	 	 
	ARTICLE 8
	 	 	 	 
	CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
	 	 	 	 
	Section 8.1	 	Company May Consolidate, etc., Only on Certain Terms.	52
	Section 8.2	 	Successor Substituted.	52
	 	 	 	 
	ARTICLE 9
	 	 	 	 
	SUPPLEMENTAL INDENTURES
	 	 	 	 
	Section 9.1	 	Supplemental Indentures Without Consent of Holders.	52
	Section 9.2	 	Supplemental Indentures with Consent of Holders.	54
	Section 9.3	 	Execution of Supplemental Indentures.	55
	Section 9.4	 	Effect of Supplemental Indentures.	55
	Section 9.5	 	Conformity with Trust Indenture Act.	55
	Section 9.6	 	Reference in Securities to Supplemental Indentures.	55
	 	 	 	 
	ARTICLE 10
	 	 	 	 
	COVENANTS
	 	 	 	 
	Section 10.1	 	Payment of Principal, Premium and Interest.	56
	Section 10.2	 	Maintenance of Office or Agency.	56
	Section 10.3	 	Money for Securities Payments to be Held in Trust.	56
	Section 10.4	 	Statement by Officers as to Default.	57
	Section 10.5	 	Existence.	58
	Section 10.6	 	All Securities to be Equally and Ratably Secured.	58
	Section 10.7	 	Maintenance of Properties.	58
	Section 10.8	 	Payment of Taxes and Other Claims.	58
	Section 10.9	 	Waiver of Certain Covenants.	59
	Section 10.10	 	Additional Amounts.	59
	 	 	 	 
	ARTICLE 11
	 	 	 	 
	REDEMPTION OF SECURITIES
	 	 	 	 
	Section 11.1	 	Applicability of Article.	60
	Section 11.2	 	Election to Redeem; Notice to Trustee.	60
	Section 11.3	 	Selection by Trustee of Securities to Be Redeemed.	60

 

 

    	iii
	 

    	 

    
 

   

 

	Section 11.4	 	Notice of Redemption.	61
	Section 11.5	 	Deposit of Redemption Price.	62
	Section 11.6	 	Securities Payable on Redemption Date.	62
	Section 11.7	 	Securities Redeemed in Part.	62
	 	 	 	 
	ARTICLE 12
	 	 	 	 
	SINKING FUNDS
	 	 	 	 
	Section 12.1	 	Applicability of Article.	63
	Section 12.2	 	Satisfaction of Sinking Fund Payments with Securities.	63
	Section 12.3	 	Redemption of Securities for Sinking Fund.	63
	 	 	 	 
	ARTICLE 13
	 	 	 	 
	DEFEASANCE AND COVENANT DEFEASANCE
	 	 	 	 
	Section 13.1	 	Company’s Option to Effect Defeasance or Covenant Defeasance.	64
	Section 13.2	 	Defeasance and Discharge.	64
	Section 13.3	 	Covenant Defeasance.	65
	Section 13.4	 	Conditions to Defeasance or Covenant Defeasance.	65
	Section 13.5	 	Deposited Money, U. S. Government Obligations and Foreign Government Obligations to be Held in Trust; Miscellaneous Provisions.	67
	Section 13.6	 	Reinstatement.	68
	 	 	 	 
	ARTICLE 14
	 	 	 	 
	SUBORDINATION
	 	 	 	 
	Section 14.1	 	Securities Subordinated to Senior Indebtedness.	68
	Section 14.2	 	Right of Trustee to Hold Senior Indebtedness.	68
	Section 14.3	 	Subordination Not to Prevent Events of Default.	68
	Section 14.4	 	No Fiduciary Duty of Trustee to Holders of Senior Indebtedness.	69
	Section 14.5	 	Article Applicable to Paying Agent.	69
	 	 	 	 
	ARTICLE 15
	 	 	 	 
	GUARANTEES
	 	 	 	 
	Section 15.1	 	Guarantee.	69

 

 

    	iv
	 

    	 

    
 

  

 

FOREST OIL CORPORATION

This
Cross Reference Sheet shows the location in the Indenture of the provisions inserted pursuant to Sections 3.10 through 3.18, inclusive,
of the Trust Indenture Act of 1939: 

 

	 	Section 310	(a) (1)	6.9	 
	 	 	(a) (2)	6.9	 
	 	 	(a) (3)	6.9	 
	 	 	(a) (4)	Not Applicable	 
	 	 	(a) (5)	6.9	 
	 	 	(b)	6.8, 6.10	 
	 	 	(c)	Not Applicable	 
	 	Section 311	(a)	6.13	 
	 	 	(b)	6.13	 
	 	 	(c)	Not Applicable	 
	 	Section 312	(a)	7.1, 7.2	 
	 	 	(b)	7.2	 
	 	 	(c)	7.2	 
	 	Section 313	(a)	7.3	 
	 	 	(b)	7.3	 
	 	 	(c)	7.3	 
	 	 	(d)	7.3	 
	 	Section 314	(a) (1)	7.4	 
	 	 	(a) (2)	7.4	 
	 	 	(a) (3)	7.4	 
	 	 	(a) (4)	1.1, 10.4	 
	 	 	(b)	Not Applicable	 
	 	 	(c) (1)	1.3	 
	 	 	(c) (2)	1.3	 
	 	 	(c) (3)	Not Applicable	 
	 	 	(d)	Not Applicable	 
	 	 	(e)	1.3	 
	 	Section 315	(a)	6.1	 
	 	 	(b)	6.2	 
	 	 	(c)	6.1	 
	 	 	(d)	6.1	 
	 	 	(e)	5.14	 
	 	Section 316	(a)	1.1	 
	 	 	(a) (1) (A)	5.2, 5.12	 
	 	 	(a) (1) (B)	5.13	 
	 	 	(a) (2)	Not Applicable	 
	 	 	(b)	5.8	 
	 	 	(c)	1.5	 
	 	Section 317	(a) (1)	5.3	 
	 	 	(a) (2)	5.4	 
	 	 	(b)	10.3	 
	 	Section 318	(a)	1.8	 

 

NOTE: This Cross Reference Sheet is not part of the Indenture.

 

    	v
	 

    	 

    
 

INDENTURE

INDENTURE,
dated as of ___________________, between Forest oil corporation, a Delaware corporation
(the “Company”), having its principal office at 707 17th Street, Suite 3600, Denver, Colorado 80202, the guarantors
listed on Schedule 1 hereto (herein called the “Guarantors”) and ______________________, as trustee,
(the “Trustee”), the office of the Trustee at which at the date hereof its corporate trust business is principally
administered being ___________________.

 

RECITALS

 

The
Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its
subordinated debentures, notes or other evidences of indebtedness (the “Securities”), to be issued in one or
more series as herein provided.

 

This
Indenture is subject to the provisions of the Trust Indenture Act and the rules and regulations of the Commission promulgated
thereunder that are required to be part of this Indenture and, to the extent applicable, shall be governed by such provisions.

 

All
things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done.

 

NOW,
THEREFORE, for and in consideration of the premises and the purchase of the Securities by the Holders thereof, each party agrees
for the benefit of the other party and for the equal and ratable benefit of the Holders of the Securities, or of series thereof,
issued under this Indenture, as follows:

 

ARTICLE
1

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

Section
1.1              Definitions.

 

For
all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires:

 

(1)              
the terms defined in this Article have the meanings assigned to them in this Article and
include the plural as well as the singular;

 

(2)              
all accounting terms not otherwise defined herein have the meanings assigned to them in accordance
with generally accepted accounting principles in the United States of America, and, except as otherwise herein expressly provided,
the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder
shall mean such accounting principles in the United States of America as are generally accepted as of the time when and for the
period as to which such accounting principles are to be applied;

 

(3)              
“or” is not exclusive;

    	 

    	 

    

 

(4)              
any reference to an “Article” or a “Section” refers
to an Article or a Section, as the case may be, of this Indenture;

(5)              
the words “herein,” “hereof” and “hereunder”
and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision;
and

(6)              
certain terms, used principally in Article 6, are defined in Section 1.2.

“Act,”
when used with respect to any Holder, has the meaning specified in Section 1.5.

“Additional
Amounts” means any additional amounts that are required by the express terms of a Security or by or pursuant to a Board
Resolution, under circumstances specified therein or pursuant thereto, to be paid by the Company with respect to certain taxes,
assessments or other governmental charges imposed on certain Holders and that are owing to such Holders.

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

“Authenticating
Agent” means any Person, which may include the Company, authorized by the Trustee pursuant to Section 6.14 to
act on behalf of the Trustee to authenticate Securities of one or more series.

“Authorized
Newspaper” means a newspaper of general circulation in the New York, New York area, printed in the English language
and customarily published on each Business Day, whether or not published on Saturdays, Sundays or holidays. Whenever successive
weekly publications in an Authorized Newspaper are required hereunder they may be made (unless otherwise expressly provided herein)
on the same or different days of the week and in the same or in different Authorized Newspapers.

“Bankruptcy
Law” means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors.

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

“Board
Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have
been duly adopted by the Board of directors and to be in full force and effect on the date of such certification, and delivered
to the Trustee.

“Business Day,”
when used with respect to any Place of Payment, means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day
on which banking institutions in that Place of Payment, or the city in which the Corporate Trust Office is located, are authorized
or obligated by law or executive order to close.

    	2
	 

    	 

    

 

 

“Commission”
means the Securities and Exchange Commission, from time to time constituted, created under the Exchange Act, or, if at any time
after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the
Trust Indenture Act, then the body performing such duties at such time.

“Common
Shares” includes any shares of capital stock of any class of the Company which has no preference in respect of dividends
or of amounts payable in the event of any voluntary or involuntary liquidation, dissolution or winding-up of the Company and which
is not subject to redemption by the Company.

“Company”
means the Person named as the “Company” in the first paragraph of this instrument until a successor Person
shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean
such successor Person.

“Company
Request” or “Company Order” means, respectively, a written request or order signed in the name of
the Company by its Chairman of the Board, its Chief Executive Officer, its President or a Vice President, and by its principal
financial officer, its Controller, an Assistant Controller, its Treasurer, an Assistant Treasurer, its Secretary or an Assistant
Secretary, and delivered to the Trustee.

“Corporate
Trust Office” means the corporate trust office of the Trustee at [ ], Attention: Corporate Trust Department, or such
other office, designated by the Trustee by written notice to the Company, at which at any particular time its corporate trust
business shall be administered.

“Covenant
Defeasance” has the meaning specified in Section 13.3.

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

“default”
means, with respect to the Securities of any series, any event, act or condition that is, or after notice or the passage of time
or both would be, an Event of Default with respect to Securities of such series.

“Defaulted
Interest” has the meaning specified in Section 3.7.

“Defeasance”
has the meaning specified in Section 13.2.

“Depositary”
means, with respect to Securities of any series issuable in whole or in part in the form of one or more Global Securities, The
Depository Trust Company, New York, New York, another clearing agency, or any successor, registered under the Exchange Act that
is designated to act as Depositary for such Securities as contemplated by Section 3.1.

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

“euro”
or “euros” means the currency adopted by those nations participating in the third stage of the economic and
monetary union provisions of the Treaty on European Union, signed at Maastricht on February 7, 1992.

    	3
	 

    	 

    

 

 

“European
Economic Area” means the member nations of the European Economic Area pursuant to the Oporto Agreement on the European
Economic Area dated May 2, 1992, as amended.

“European
Union” means the member nations of the European Union established by the Treaty of European Union, signed at Maastricht
on February 2, 1992, which amended the Treaty of Rome establishing the European Community.

“Event
of Default” has the meaning specified in Section 5.1.

“Exchange
Act” means the Securities Exchange Act of 1934 and any statute successor thereto, in each case as amended from time
to time.

“Exchange
Rate” has the meaning specified in Section 3.2.

“Expiration
Date” has the meaning specified in Section 1.5.

“Foreign
Government Obligation” means with respect to Securities of any series which are not denominated in the currency of the
United States of America (x) any security which is (i) a direct obligation of the government which issued or caused to be issued
the currency in which such security is denominated and for the payment of which obligations its full faith and credit is pledged
or, with respect to Securities of any series which are denominated in euros, a direct obligation of any member nation of the European
Union for the payment of which obligation the full faith and credit of the respective nation is pledged so long as such nation
has a credit rating at least equal to that of the highest rated member nation of the European Economic Area, or (ii) an obligation
of a Person controlled or supervised by and acting as an agency or instrumentality of a government specified in clause (i) above
the payment of which is unconditionally guaranteed as a full faith and credit obligation by the such government, which, in either
case (i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) any depositary receipt issued by
a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any Foreign Government Obligation
which is specified in clause (x) above and held by such bank for the account of the holder of such depositary receipt, or with
respect to any specific payment of principal of or interest on any Foreign Government Obligation which is so specified and held,
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 Foreign Government Obligation or
the specific payment of principal or interest evidenced by such depositary receipt.

“Global
Security” means a Security that evidences all or part of the Securities of any series and bears the legend set forth
in Section 2.4 (or such legend as may be specified as contemplated by Section 3.1 for such Securities).

“Guarantee”
means a guarantee by any Guarantor of an obligation under this Indenture.

“Holder”
means a Person in whose name a Security is registered in the Security Register.

    	4
	 

    	 

    

 

“Indenture”
means this instrument as originally executed and as it may from time to time be supplemented or amended by one or more indentures
supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument
and any such supplemental indenture, the provisions of the Trust Indenture Act that are deemed to be a part of and govern this
instrument and any such supplemental indenture, respectively. The term “Indenture” shall also include the terms
of particular series of Securities established as contemplated by Section 3.1; provided, however, that if at any time more
than one Person is acting as Trustee under this Indenture due to the appointment of one or more separate Trustees for any one
or more separate series of Securities, “Indenture” shall mean, with respect to such series of Securities for
which any such Person is Trustee, this instrument as originally executed or as it may from time to time be supplemented or amended
by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the
terms of particular series of Securities for which such Person is Trustee established as contemplated by Section 3.1, exclusive,
however, of any provisions or terms which relate solely to other series of Securities for which such Person is not Trustee, regardless
of when such terms or provisions were adopted, and exclusive of any provisions or terms adopted by means of one or more indentures
supplemental hereto executed and delivered after such Person had become such Trustee, but to which such person, as such Trustee,
was not a party; provided, further that in the event that this Indenture is supplemented or amended by one or more indentures
supplemental hereto which are only applicable to certain series of Securities, the term “Indenture” for a particular
series of Securities shall exclude provisions or terms which relate solely to other series of Securities.

“interest,”
when used with respect to an Original Issue Discount Security, which by its terms bears interest only after Maturity, means interest
payable after Maturity.

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

“Investment
Company Act” means the Investment Company Act of 1940 and any statute successor thereto, in each case as amended from
time to time.

“Judgment
Currency” has the meaning specified in Section 5.6.

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

“Mortgage”
means and includes any mortgage, pledge, lien, security interest, conditional sale or other title retention agreement or other
similar encumbrance.

“Notice
of Default” means a written notice of the kind specified in Section 5.1(4).

“Officers’
Certificate” means a certificate signed by the Chairman of the Board, the Chief Executive Officer, the President or
a Vice President, and by the principal financial officer, the Treasurer, the Controller, an Assistant Treasurer, an Assistant
Controller, the Secretary or an Assistant Secretary, of the Company or a Guarantor, as applicable, and delivered to the Trustee.
One of the officers signing an Officers’ Certificate given pursuant to Section 10.4 shall be the principal executive,
financial or accounting officer of the Company.

    	5
	 

    	 

    

 

“Opinion
of Counsel” means a written opinion of legal counsel, who may be, without limitation, (a) an employee of the Company
or a Guarantor, or (b) outside counsel designated by the Company, rendered, if applicable, in accordance with Section 314(c)
of the Trust Indenture Act.

“Original
Issue Discount Security” means any Security that provides for an amount less than the principal amount thereof to be
due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.2.

“Outstanding”
when used with respect to Securities, means, as of the date of determination, all Securities theretofore authenticated and delivered
under this Indenture, except

(1)              
Securities theretofore canceled by the Trustee or delivered to the Trustee for cancellation;

(2)              
Securities for whose payment or redemption money in the necessary amount has been theretofore
deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company
(if the Company shall act as its own Paying Agent) for the Holders of such Securities; provided that, if such Securities are to
be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the
Trustee has been made;

(3)               Securities
which have been paid pursuant to Section 3.6 or in exchange for or in lieu of which other Securities have been
authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have
been presented to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in whose hands
such Securities are valid obligations of the Company;

provided,
however, that unless otherwise provided with respect to any Securities of any series pursuant to Section 3.1, in determining
whether the Holders of the requisite principal amount of the Outstanding Securities have given, made or taken any request, demand,
authorization, direction, notice, consent, waiver or other action hereunder as of any date, (A) the principal amount of an Original
Issue Discount Security which shall be deemed to be Outstanding shall be the amount of the principal thereof which would be due
and payable as of such date upon acceleration of the Maturity thereof to such date pursuant to Section 5.2, (B) if, as
of such date, the principal amount payable at the Stated Maturity of a Security is not determinable, the principal amount of such
Security which shall be deemed to be Outstanding shall be the amount as specified or determined as contemplated by Section
3.1, (C) the principal amount of a Security denominated in one or more non-U.S. dollar currencies or currency units which
shall be deemed to be Outstanding shall be the U.S. dollar equivalent, determined as of such date in the manner provided as contemplated
by Section 3.1, of the principal amount of such Security (or, in the case of a Security described in clause (A)
or (B) above, of the amount determined as provided in such clause), and (D) Securities owned by the Company or any other
obligor upon the Securities or any Subsidiary of the Company or of such other obligor shall be disregarded and deemed not to be
Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization,
direction, notice, consent, waiver or other action, only Securities which a Responsible Officer of the Trustee knows to be so
owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding if the
pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and
that the pledgee is not the Company or any other obligor upon the Securities or any Subsidiary of the Company or of such other
obligor.

    	6
	 

    	 

    
  

 

“Paying
Agent” means any Person, which may include the Company, authorized by the Company to pay the principal of or any premium
or interest on, or any Additional Amounts with respect to, any one or more series of Securities on behalf of the Company.

“Periodic
Offering” means an offering of Securities of a series from time to time the specific terms of which Securities, including,
without limitation, the rate or rates of interest or formula for determining the rate or rates of interest thereon, if any, the
Maturity thereof and the redemption provisions, if any, with respect thereto, are to be determined by the Company upon the issuance
of such Securities.

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

“Place
of Payment,” when used with respect to the Securities of any series, means the place or places where the principal of
and any premium and interest on, or any Additional Amounts with respect to, the Securities of that series are payable as specified
as contemplated by Section 3.1 and 10.2.

“Predecessor
Security” of any particular Security means every previous Security evidencing all or a portion of the same debt as that
evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under
Section 3.6 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the
same debt as the mutilated, destroyed, lost or stolen Security.

“Preferred
Shares” as applied to the shares of capital stock of the Company means shares of capital stock of any class or classes
(however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary
or involuntary liquidation or dissolution of the Company, over Common Shares of the Company.

“Record
Date” means any Regular Record Date or Special Record Date.

“Redemption
Date,” when used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant
to the terms of such Security and this Indenture.

“Redemption
Price,” when used with respect to any Security to be redeemed, means the price at which it is to be redeemed pursuant
to the terms of such Security and this Indenture.

“Regular
Record Date” for the interest payable on any Interest Payment Date on the Securities of any series means any date specified
for that purpose as contemplated by Section 3.1, or, if not so specified, the first day of the calendar month of the
month of such Interest Payment Date if such Interest Payment Date is the fifteenth day of the calendar month, or the fifteenth
day of the calendar month preceding such Interest Payment Date if such Interest Payment Date is the first day of a calendar month,
whether or not such day shall be a Business Day.

    	7
	 

    	 

    
 

“Required
Currency” has the meaning specified in Section 5.6. 

“Responsible
Officer” means, when used with respect to the Trustee, an officer of the Trustee in the Corporate Trust Office assigned
and duly authorized by the Trustee to administer its corporate trust matters.

“Securities”
has the meaning stated in the first recital of this Indenture and more particularly means any debentures, notes or other evidences
of indebtedness of the Company authenticated and delivered under this Indenture.

“Securities
Act” means the Securities Act of 1933 and any statute successor thereto, in each case as amended from time to time.

“Security
Custodian” means, with respect to Securities of a series issued in global form, the Trustee for Securities of such series,
acting in its capacity as custodian with respect to the Securities of such series, or any successor entity thereto.

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

“Senior
Indebtedness” of the Company, means with respect to the Securities of a series as contemplated by Section 3.1,
the indebtedness specified in such Securities or in the supplemental indenture pursuant to which such Securities are issued. Different
series of Securities may be subordinated to different Senior Indebtedness, and one series of Securities may be subordinated to
another series of Securities, all as and to the extent provided in the relevant documentation for each issue of Securities.

“Special
Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 3.7.

“Stated
Maturity,” when used with respect to any Security or any installment of principal thereof or interest thereon, means
the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal
or interest is due and payable.

“Subsidiary”
means any Person of which the Company at the time owns or controls, directly or indirectly, more than 50% of the shares of outstanding
stock or other equity interests having general voting power under ordinary circumstances to elect a majority of the board of directors,
managers or trustees, as the case may be, of such Person (irrespective of whether or not at the time stock of any other class
or classes or other equity interests of such corporation shall have or might have voting power by reason of the happening of any
contingency).

“Trust
Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed;
provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act”
means, to the extent required by any such amendment, the Trust Indenture Act of 1939 as so amended.

    	8
	 

    	 

    

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

“United
States” means the United States of America (including the states thereof and the District of Columbia) and its “possessions”,
which include Puerto Rico, the U.S. Virgin Islands, Guam, American Somoa, Wake Island and the Northern Mariana Islands.

“United
States Alien” means any Person who, for United States federal income tax purposes, is a foreign corporation, a nonresident
alien individual, a nonresident alien or foreign fiduciary of an estate or trust, or a foreign partnership.

“U.S.
Government Obligation” means (x) any security which is (i) a direct obligation of the United States of America for the
payment of which the full faith and credit of the United States of America is pledged or (ii) an obligation of a Person controlled
or supervised by and acting as an agency or instrumentality of the United States of America the payment of which is unconditionally
guaranteed as a full faith and credit obligation by the United States of America, which, in either case (i) or (ii), is not callable
or redeemable at the option of the issuer thereof, and (y) any depositary receipt issued by a bank (as defined in Section 3(a)(2)
of the Securities Act) as custodian with respect to any U.S. Government Obligation which is specified in clause (x) above
and held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of principal
of or interest on any U.S. Government Obligation which is so specified and held, provided that (except as required by law) such
custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount
received by the custodian in respect of the U.S. Government Obligation or the specific payment of principal or interest evidenced
by such depositary receipt.

“Vice
President,” when used with respect to the Company, a Guarantor or the Trustee, means any vice president, whether or
not designated by a number or a word or words added before or after the title “vice president.”

“Yield
to Maturity” means, when used with respect to any Original Issue Discount Security, the yield to maturity, if any, set
forth on the face thereof.

Section
1.2              Incorporation
by Reference of Trust Indenture Act.

Whenever
this Indenture refers to a provision of the Trust Indenture Act, the provision is incorporated by reference in and made a part
of this Indenture. The following Trust Indenture Act terms used in this Indenture have the following meanings:

“indenture
securities” means the Securities.

    	9
	 

    	 

    
   

“indenture
security holder” means a Holder.

“indenture
to be qualified” means this Indenture.

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

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

All
terms used in this Indenture that are defined by the Trust Indenture Act, defined by a Trust Indenture Act reference to another
statue or defined by Commission rule under the Trust Indenture Act and not otherwise defined herein have the meanings assigned
to them therein.

Section
1.3              Compliance
Certificates and Opinions.

Except
as otherwise expressly provided by this Indenture, upon any application or request by the Company to the Trustee to take any action
under any provision of this Indenture, the Company and Guarantors, if applicable, shall furnish to the Trustee such certificates
and opinions as may be required under the Trust Indenture Act. Each such certificate or opinion shall be given in the form of
an Officers’ Certificate, if to be given by an officer of the Company or Guarantor, or an Opinion of Counsel, if to be given
by counsel, and shall comply with the requirements of the Trust Indenture Act and any other requirements set forth in this Indenture.

Every
certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than pursuant
to Section 10.4) shall include,

(1)              
a statement that each Person signing such certificate or opinion has read such covenant or
condition and the definitions herein relating thereto;

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

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

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

Section
1.4              Form
of Documents Delivered to Trustee.

In
any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary
that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered
by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such
Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents.

    	10
	 

    	 

    
   

Any
certificate or opinion of an officer of the Company or Guarantor, if applicable, may be based, insofar as it relates to legal
matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable
care should know, that the certificate or opinion or representations with respect to the matters upon which his or her certificate
or opinion is based are erroneous. Any such certificate or opinion of counsel may be based, insofar as it relates to factual matters,
upon a certificate or opinion of, or representations by, an officer or officers of the Company or Guarantor, if applicable, stating
that the information with respect to such factual matters is in the possession of the Company or Guarantor, if applicable, unless
such counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with
respect to such matters are erroneous.

Any
certificate or opinion of an officer of the Company or Guarantor, if applicable, or of counsel may be based, insofar as it relates
to accounting matters, upon a certificate or opinion of or representations by an accountant or firm of accountants employed or
retained by the Company or Guarantor, if applicable, unless such officer or counsel, as the case may be, knows, or in the exercise
of reasonable care should know, that the certificate or opinions or representations as to such accounting matters are erroneous.

Where
any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions
or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument.

Section
1.5              Acts
of Holders; Record Dates.

Any
request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to
be given, made or taken by Holders of the Outstanding Securities of all series or one or more series, as the case may be, may
be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by
agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such
instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. The Trustee
shall promptly deliver to the Company copies of all such instrument or instruments delivered to the Trustee. Such instrument or
instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act”
of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any
such agent shall be sufficient for any purpose of this Indenture and (subject to Section 6.1) conclusive in favor of the
Trustee and the Company, if made in the manner provided in this Section.

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

    	11
	 

    	 

    
 

The
ownership, date of holding, principal amount and serial numbers of Securities shall be proved by the Security Register.

Any
request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every
future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange
therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee, the Company or a Guarantor
in reliance thereon, whether or not notation of such action is made upon such Security. Any consent or waiver of the Holder of
any Security shall be irrevocable for a period of six months after the date of execution thereof, but otherwise any such Holder
or subsequent Holder may revoke the request, demand, authorization, direction, notice, consent or other Act as to his Security
or portion of his Security; provided, however, that such revocation shall be effective only if the Trustee receives the notice
of revocation before the date the Act becomes effective.

The
Company may set any day as a record date for the purpose of determining the Holders of Outstanding Securities of any series entitled
to give, make or take any request, demand, authorization, direction, vote, notice, consent, waiver or other action provided or
permitted by this Indenture to be given, made or taken by Holders of Securities of such series, provided that the Company may
not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving or making of any notice,
declaration, request or direction referred to in the next paragraph. If any record date is set pursuant to this paragraph, the
Holders of Outstanding Securities of the relevant series on such record date, and no other Holders, shall be entitled to take
the relevant action, whether or not such Holders remain Holders after such record date; provided that no such action shall be
effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of
Outstanding Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the Company
from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon
the record date previously set shall automatically and with no action by any Person be canceled and of no effect), and nothing
in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding
Securities of the relevant series on the date such action is taken. Promptly after any record date is set pursuant to this paragraph,
the Company, at its own expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration
Date to be given to the Trustee in writing and to each Holder of Securities of the relevant series in the manner set forth in
Section 1.7.

The
Trustee may set any day as a record date for the purpose of determining the Holders of Outstanding Securities of any series entitled
to join in the giving or making of (i) any Notice of Default, (ii) any declaration of acceleration referred to in Section 5.2,
(iii) any request to institute proceedings referred to in Section 5.7(2) or (iv) any direction referred to in Section
5.12, in each case with respect to Securities of such series. If any record date is set pursuant to this paragraph, the Holders
of Outstanding Securities of such series on such record date, and no other Holders, shall be entitled to join in such notice,
declaration, request or direction, whether or not such Holders remain Holders after such record date; provided that no such action
shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal
amount of Outstanding Securities of such series on such record date. Nothing

    	12
	 

    	 

    

 in this paragraph shall be construed to prevent the
Trustee from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph
(whereupon the record date previously set shall automatically and with no action by any Person be canceled and of no effect),
and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal
amount of Outstanding Securities of the relevant series on the date such action is taken. Promptly after any record date is set
pursuant to this paragraph, the Trustee, at the Company’s expense, shall cause notice of such record date, the proposed
action by Holders and the applicable Expiration Date to be given to the Company in writing and to each Holder of Securities of
the relevant series in the manner set forth in Section 1.7. 

With
respect to any record date set pursuant to this Section, the party hereto which sets such record dates may designate any day as
the “Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided
that no such change shall be effective unless notice of the proposed new Expiration Date is given to the other party hereto in
writing, and to each Holder of Securities of the relevant series in the manner set forth in Section 1.7, on or prior
to the existing Expiration Date. If an Expiration Date is not designated with respect to any record date set pursuant to this
Section 1.5, the party hereto which set such record date shall be deemed to have initially designated the 180th day after
such record date as the Expiration Date with respect thereto, subject to its right to change the Expiration Date as provided in
this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day after the applicable record
date.

Without
limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to any particular Security may do
so with regard to all or any part of the principal amount of such Security or by one or more duly appointed agents each of which
may do so pursuant to such appointment with regard to all or any part of such principal amount.

Section
1.6              Notices,
etc., to Trustee and Company.

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

(1)              
the Trustee by any Holder or by the Company or any Guarantor shall be sufficient for every
purpose hereunder if made, given, furnished or filed in writing (or by facsimile transmissions, provided that oral confirmation
of receipt shall have been received) to or with the Trustee at its Corporate Trust Office, Attention: Corporate Trust Department,
or

(2)              
the Company or any Guarantor by the Trustee or by any Holder shall be sufficient for every
purpose hereunder (unless otherwise herein expressly provided) if in writing and furnished by certified mail, return receipt requested,
personally delivered or furnished via overnight courier to the Company addressed to it at the address of its principal office
specified in the first paragraph of this instrument or at any other address previously furnished in writing to the Trustee by
the Company, Attention: Chief Financial Officer.

    	13
	 

    	 

    
   

Section
1.7              Notice
to Holders; Waiver.

Where
this Indenture provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly
provided) if in writing and mailed, first-class postage prepaid, or delivered by hand or overnight courier to each Holder affected
by such event, at its address as it appears in the Security Register, not later than the latest date (if any), and not earlier
than the earliest date (if any), prescribed for the giving of such notice. Neither the failure to mail or deliver by hand or overnight
courier any notice, nor any defect in any notice so mailed or delivered by hand or overnight courier, to any particular Holder
shall affect the sufficiency of such notice with respect to other Holders. Where this Indenture provides for notice in any manner,
such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such
waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall
not be a condition precedent to the validity of any action taken in reliance upon such waiver.

In
case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give notice
to Holders of Securities by mail, then such notification as shall be made with the approval of the Trustee shall constitute a
sufficient notification for every purpose hereunder. In any case in which notice to Holders of Securities is given by mail, neither
the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder of a Security, shall affect
the sufficiency of such notice with respect to other Holders of Securities.

Section
1.8              Conflict
with Trust Indenture Act.

If
any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture Act or another provision hereof required
to be included in this Indenture by any of the provisions of the Trust Indenture Act, the latter provision shall control. If any
provision of this Indenture modifies or excludes any provision of the Trust Indenture Act, which may be so modified or excluded,
the latter provision shall be deemed to apply to this Indenture as so modified or to be excluded, as the case may be.

Section
1.9              Effect
of Headings and Table of Contents.

The
Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof.

Section
1.10           Successors
and Assigns.

All
covenants and agreements in this Indenture by the Company shall bind its successors and assigns, whether or not so expressed.
All agreements of the Trustee in this Indenture shall bind its successor.  All agreements of any Guarantor in this Indenture
shall bind its successors, except as otherwise provided by the terms hereof.

Section
1.11           Separability
Clause.

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

    	14
	 

    	 

    
   

Section
1.12          Benefits
of Indenture.

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

Section
1.13          Governing
Law.

THIS
INDENTURE AND THE SECURITIES AND ANY RELATED GUARANTEES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK, BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THE APPLICATION OF THE
LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

Section
1.14          Legal
Holidays.

Unless
otherwise provided with respect to any Security or Securities pursuant to Section 3.1, in any case where any Interest
Payment Date, Redemption Date, sinking fund payment date, or Stated Maturity or Maturity or other payment date of any Security
or the last date on which a Holder has the right to convert a Security at a particular conversion price shall not be a Business
Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or of the Securities (other than a provision
of any Security which specifically states that such provision shall apply in lieu of this Section)) payment of interest or principal
(and premium, if any) or, if applicable to a particular series of Securities, conversion need not be made at such Place of Payment
on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if
made on the Interest Payment Date or Redemption Date, at the Stated Maturity or on such last day for conversion, as the case may
be.

Section
1.15          Indenture
and Securities Solely Corporate Obligations.

No
recourse for the payment of the principal of or premium, if any, or interest on any Security, or for any claim based thereon or
otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company or any Guarantor
in this Indenture or in any supplemental indenture or in any Security, or because of the creation of any indebtedness represented
thereby, shall be had, directly or indirectly, against any incorporator, subscriber to the shares of capital stock (or membership
interests (as applicable)), shareholder, stockholder, member, employee, agent, manager, officer, trustee or director, as such,
past, present or future, of the Company, any Guarantor or the Trustee or of any predecessor or successor corporation, either directly
or through the Company or the Trustee or any predecessor or successor corporation, whether by virtue of any constitution, statute
or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that this Indenture
and the obligations issued hereunder are solely corporate obligations and that no such personal liability whatever shall attach
to, or is or shall be incurred by, any incorporator, subscriber to the shares of capital stock (or membership interests (as applicable)),
shareholder, stockholder, member,employee,
agent, manager, officer, trustee or director, as such, of the

    	15
	 

    	 

    

Company, any Guarantor or the Trustee or of any predecessor or
successor corporation, because of the creation of the indebtedness hereby authorized, or under or by reason of the
obligations, covenants or agreements contained in this Indenture or in any of the Securities or implied therefrom; and that
any and all such personal liability of every name and nature, either at common law or in equity or by constitution or
statute, of, and any and all such rights and claims against, every such incorporator, subscriber to the shares of capital
stock (or membership interests (as applicable)), shareholder, stockholder, member, employee, agent, manager, officer, trustee
or director, as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the
obligations, covenants or agreements contained in this Indenture, any supplemental indenture hereto, any certificate or
other writing delivered in connection herewith, or in any of the Securities or implied therefrom, are hereby expressly waived
and released as a condition of, and as a consideration for, the execution of this Indenture and the issuance of such
Securities. By accepting a Security, each Holder agrees to the provisions of this Section 1.15 and waives and releases
all such liability. Such waiver and release shall be part of the consideration for the issuance of the
Securities.   

Section
1.16          Indenture
May be Executed in Counterparts.

This
instrument may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together
constitute but one and the same instrument.

ARTICLE
2

SECURITY FORMS 

Section
2.1              Forms
Generally.

The
Securities of each series shall be in such form or forms as shall be established by or pursuant to one or more Board Resolutions
and set forth in such Board Resolutions, or, to the extent established pursuant to, rather than set forth in, such Board Resolutions,
an Officers’ Certificate detailing such establishment, or in one or more indentures supplemental hereto, in each case with
such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture, and
may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required
to comply with any applicable law or with any rules or regulations pursuant thereto, or any rules of any securities exchange or
Depositary therefor or as may, consistently herewith, be determined by the officers executing such Securities, as evidenced by
their execution thereof. If the form of Securities of any series is established by action taken pursuant to a Board Resolution,
or, to the extent established pursuant to, rather than set forth in, such Board Resolutions, an Officers’ Certificate detailing
such establishment, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary
of the Company and delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section 3.3
for the authentication and delivery of such Securities. Any such Board Resolution, Officers’ Certificate or record of such
action shall have attached thereto a true and correct copy of the form of Security referred to therein approved by or pursuant
to such Board Resolution or Officers’ Certificate.

    	16
	 

    	 

    
 

The
definitive Securities shall be printed, lithographed or engraved on steel engraved borders or may be produced in any other manner,
all as determined by the officers executing such Securities, as evidenced by their execution of such Securities.

Section
2.2              Form
of Trustee’s Certificate of Authentication.

The
Trustee’s certificates of authentication shall be in substantially the following form:

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

 

	 	 	 	 [Trustee], as Trustee	 	 
	 	 	 	 	 
	 	 	By:	 	 
	 	 	 	 Authorized Officer	 

 

Section
2.3              Global
Securities.

If
the Company shall establish pursuant to Section 3.1 that the Securities of a particular series are to be issued in
whole or in part in the form of one or more Global Securities, then the Company shall execute and the Trustee shall, in accordance
with Section 3.3 and the Company Order delivered to the Trustee thereunder, authenticate and deliver such Global Security
or Securities, which (i) shall represent, and shall be denominated in an amount equal to the aggregate principal amount of
the Outstanding Securities of such series to be represented by such Global Security or Securities, (ii) may provide that
the aggregate amount of Outstanding Securities represented thereby may from time to time be increased or reduced to reflect exchanges,
(iii) shall be registered in the name of the Depositary for such Global Security or Securities or its nominee, (iv) shall
be delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction and (v) shall bear a legend
in accordance with the requirements of the Depositary.

Notwithstanding
any other provision of this Section or of Section 3.5, except as contemplated by the provisions of this Section 2.3
below, unless the terms of a Global Security expressly permit such Global Security to be exchanged in whole or in part for
individual Securities, a Global Security may be transferred, in whole but not in part and in the manner provided in Section 3.5,
only to a nominee of the Depositary for such Global Security, or to the Depositary, or to a successor Depositary for such Global
Security selected or approved by the Company, or to a nominee of such successor Depositary.

If
at any time the Depositary for a Global Security notifies the Company that it is unwilling or unable to continue as the Depositary
for such Global Security or if at any time the Depositary for the Securities for such series shall no longer be eligible or in
good standing under the Exchange Act, or other applicable statute or regulation, the Company shall appoint a successor Depositary
with respect to such Global Security. If a successor Depositary for such Global Security is not appointed by the Company within
90 days after the Company receives such notice or becomes aware of such ineligibility, the Company will execute, and the
Trustee,

    	17
	 

    	 

    
 

 upon receipt of a Company Order for the authentication and delivery of Securities of such series in the form of definitive
certificates in exchange for such Global Security, will authenticate and deliver Securities of such series in the form of definitive
certificates of like tenor and terms in an aggregate principal amount equal to the principal amount of the Global Security in
exchange for such Global Security. Such Securities will be issued to and registered in the name of such Person or Persons as are
specified by the Depositary. 

The Company may
at any time and in its sole discretion determine that the Securities of any series issued or issuable in the form of one or more
Global Securities shall no longer be represented by such Global Security or Securities. In any such event the Company will execute,
and the Trustee, upon receipt of a Company Request for the authentication and delivery of Securities in the form of definitive
certificates in exchange in whole or in part for such Global Security, will authenticate and deliver without service charge to
each Person specified by the Depositary Securities in the form of definitive certificates of like tenor and terms in an aggregate
principal amount equal to the principal amount of such Global Security representing such series, or the aggregate principal amount
of such Global Securities representing such series, in exchange for such Global Security or Securities.

If specified by
the Company pursuant to Section 3.1 with respect to Securities issued or issuable in the form of a Global Security,
the Depositary for such Global Security may surrender such Global Security in exchange in whole or in part for Securities in the
form of definitive certificates of like tenor and terms on such terms as are acceptable to the Company and such Depositary. Thereupon
the Company shall execute, and the Trustee shall authenticate and deliver, without service charge, (A) to each Person specified
by such Depositary a new Security or Securities of the same series of like tenor and terms and any authorized denomination as requested
by such Person in aggregate principal amount equal to and in exchange for such Person’s beneficial interest in the Global
Security and (B) to such Depositary a new Global Security of like tenor and terms and in an authorized denomination equal
to the difference, if any, between the principal amount of the surrendered Global Security and the aggregate principal amount of
Securities delivered to Holders thereof.

In any exchange
provided for in any of the preceding three paragraphs, the Company shall execute and the Trustee shall authenticate and deliver
Securities in the form of definitive certificates in authorized denominations. Upon the exchange of the entire principal amount
of a Global Security for Securities in the form of definitive certificates, such Global Security shall be canceled by the Trustee.
Except as provided in the immediately preceding subparagraph, Securities issued in exchange for a Global Security pursuant to
this Section 2.3 shall be registered in such names and in such authorized denominations as the Depositary for such Global
Security, acting pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. Provided
that the Company and the Trustee have so agreed, the Trustee shall deliver such Securities to the Persons in whose names the Securities
are so to be registered.

Any
endorsement of a Global Security to reflect the principal amount thereof, or any increase or decrease in such principal amount,
or changes in the rights of Holders of Outstanding Securities represented thereby shall be made in such manner and by such Person
or Persons as shall be specified in or pursuant to any applicable letter of representations or other arrangement entered into
with, or procedures of, the Depositary with respect to such Global Security or in the  

    	18
	 

    	 

    
    

Company Order delivered or to be delivered
pursuant to Section 3.3 or Section 3.4 with respect thereto. Subject to the provisions of Section 3.3
and, if applicable, Section 3.4, the Trustee shall deliver and redeliver any such Global Security in the manner and
upon instructions given by the Person or Persons specified in or pursuant to any applicable letter of representations or other
arrangement entered into with, or procedures of, the Depositary with respect to such Global Security or in any applicable Company
Order. If a Company Order pursuant to Section 3.3 or Section 3.4 is so delivered, any instructions by the Company
with respect to such Global Security contained therein shall be in writing but need not be accompanied by or contained in an Officers’
Certificate and need not be accompanied by an Opinion of Counsel.

The
Depositary or, if there be one, its nominee, shall be the Holder of a Global Security for all purposes under this Indenture; and
beneficial owners with respect to such Global Security shall hold their interests pursuant to applicable procedures of such Depositary.
The Company, each Guarantor, the Trustee, the Paying Agent and the Security Registrar shall be entitled to deal with such Depositary
for all purposes of this Indenture relating to such Global Security (including the payment of principal, premium, if any, and
interest and any Additional Amounts with respect to such Global Security and the giving of instructions or directions by or to
the beneficial owners of such Global Security as the sole Holder of such Global Security and shall have no obligations to the
beneficial owners thereof (including any direct or indirect participants in such Depositary). None of the Company, any Guarantor,
the Trustee, any Paying Agent or the Security Registrar shall have any responsibility or liability for any aspect of the records
relating to or payments made on account of beneficial ownership interests of a Global Security in or pursuant to any applicable
letter of representations or other arrangement entered into with, or procedures of, the Depositary with respect to such Global
Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests.

Section
2.4              Form
of Legend for Global Securities.

Unless
otherwise specified as contemplated by Section 3.1 for the Securities evidenced thereby, every Global Security authenticated
and delivered hereunder shall bear a legend in substantially the following form:

THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY
OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS
SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT
IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

    	19
	 

    	 

    
    

ARTICLE
3

THE SECURITIES 

Section
3.1              Amount
Unlimited; Issuable in Series.

The
aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited.

The
Securities may be issued in one or more series. There shall be established in or pursuant to a Board Resolution and, subject to
Section 3.3, set forth, or determined in the manner provided, in an Officers’ Certificate, or established in one
or more indentures supplemental hereto, prior to the issuance of Securities of any series,

(1)              
the title of the Securities of the series (which shall distinguish the Securities of the
series from Securities of any other series);

(2)              
any limit upon the aggregate principal amount of the Securities of the series which may be
authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer
of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 2.3, 3.4, 3.5,
3.6, 9.6 or 11.7 and except for any Securities which, pursuant to Section 3.3, are deemed never to
have been authenticated and delivered hereunder);

(3)              
the Person to whom any interest on a Security of the series shall be payable, if other than
the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest;

(4)              
the date or dates on which the principal of and premium, if any, on any Securities of the
series is payable or the method of determination and/or extension of such date or dates; and the amount or amounts of such payments
of principal and premium, if any, or the method of determination thereof;

(5)              
the rate or rates (which may be fixed or variable), at which any Securities of the series
shall bear interest, if any, whether and under what circumstances Additional Amounts with respect to such Securities shall be
payable, the date or dates from which any such interest shall accrue, the Interest Payment Dates on which any such interest shall
be payable and, if other that as set forth in Section 1.1, the Regular Record Date for any such interest payable on any
Interest Payment Date (or the method for determining the dates and rates);

(6)              
whether any of such Securities will be subject to certain optional interest rate reset provisions;

(7)              
the place or places where the principal of and any premium and interest on, or any Additional
Amounts with respect to, the Securities of the series shall be payable, where the Securities of such series may be surrendered
for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of
such series and this Indenture may be served, and the method of such payment, if by wire transfer, mail or other means;

    	20
	 

    	 

    
   

(8)              
(a) the period or periods within which, the price or prices at which, the currency or
currencies (including currency units) and the terms and conditions upon which any Securities of the series may be redeemed, in
whole or in part, at the option of the Company, (b) if other than as provided in Section 11.3, the manner in which
the particular Securities of such series (if less than all Securities of such series are to be redeemed) are to be selected for
redemption and (c) if other than by a Board Resolution, the manner in which any election by the Company to redeem the Securities
shall be evidenced;

(9)              
the
Senior Indebtedness to which the Securities of such series are subordinated, and the terms of such subordination;

(10)          
the obligation, if any, of the Company to redeem, purchase or repay any Securities of the
series pursuant to any sinking fund, amortization or analogous provisions or upon the happening of a specified event or at the
option of the Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions
upon which any Securities of the series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation
and any provisions for the remarketing of such Securities;

(11)          
if other than denominations of $1,000 and any integral multiple thereof, the denominations
in which any Securities of the series shall be issuable;

(12)          
if other than the Trustee, the identity of the Securities Registrar and/or the Paying Agent;

(13)          
if the amount of principal of or any premium or interest on or other payments, if any, on
any Securities of the series may be determined with reference to an index, formula or other method (which index, formula or method
may be based, without limitation, on the price of one or more commodities, derivatives or securities; one or more securities,
derivatives or commodities exchange indices or other indices; a currency or currencies (including currency unit or units) other
than that in which the Securities of the series are denominated or designated to be payable; or any other variable or the relationship
between any variables or combination of variables), the index, formula or other method by which such amounts shall be determined;

(14)          
if other than the currency of the United States of America, the currency, currencies or currency
units (including composite currencies) in which the principal of or any premium or interest on, or any Additional Amounts with
respect to, any Securities of the series shall be payable and the manner of determining the equivalent thereof in the currency
of the United States of America for any purpose, including for purposes of the definition of “Outstanding”
in Section 1.1;

(15)          
if the principal of or any premium or interest on, or any Additional Amounts with respect
to, any Securities of the series is to be payable, at the election of the Company or the Holder thereof, in one or more currencies
or currency units other than that or those in which such Securities are stated to be payable, the currency, currencies or currency
units in which the principal of or any premium or interest on such Securities as to which such election is made shall be payable,
the periods within which and the terms and conditions upon which such election is to be made and the amount so payable (or the
manner in which such amount shall be determined);

    	21
	 

    	 

    
   

(16)          
if other than the entire principal amount thereof, the portion of the principal amount of
any Securities of the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section
5.2;

(17)          
if the principal amount payable at the Stated Maturity of any Securities of the series will
not be determinable as of any one or more dates prior to the Stated Maturity, the amount which shall be deemed to be the principal
amount of such Securities as of any such date for any purpose thereunder or hereunder, including the principal amount thereof
which shall be due and payable upon any Maturity other than the Stated Maturity or which shall be deemed to be Outstanding as
of any date prior to the Stated Maturity (or, in any such case, the manner in which such amount deemed to be the principal amount
shall be determined);

(18)          
if applicable, that the Securities of the series, in whole or any specified part, shall be
defeasible pursuant to Section 13.2 or Section 13.3 or both such Sections, or any other defeasance provisions applicable
to any Securities of the series, and, if other than by a Board Resolution, the manner in which any election by the Company to
defease such Securities shall be evidenced;

(19)          
the terms, if any, upon which Securities of the series may be convertible into or exchanged
for other Securities, Common Shares, Preferred Shares, other debt securities, warrants to purchase any of the foregoing, or other
securities of any kind of the Company or any other obligor or any other property, and the terms and conditions upon which the
conversion or exchange shall be effected, including the initial conversion or exchange price or rate, the conversion or exchange
period, and any other additional provisions;

(20)          
if applicable, that any Securities of the series shall be issuable in whole or in part in
the form of one or more Global Securities and, in such case, the respective Depositaries for such Global Securities, the form
of any legend or legends which shall be borne by any such Global Security in addition to or in lieu of that set forth in Section
2.4;

(21)          
any deletions, modifications of or additions to the definitions set forth in Section 1.1,
the Events of Default which apply to any Securities of the series and any change in the right of the Trustee or the requisite
Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 5.2;

(22)          
any addition to, deletion of or change in the covenants set forth in Article 10 which
applies to Securities of the series;

(23)          
any Authenticating Agents, Paying Agents, Security Registrars or such other agents necessary
in connection with the issuance of the Securities of such series, including, without limitation, exchange rate agents and calculation
agents;

    	22
	 

    	 

    
    

(24)          
if applicable, the terms of any Mortgage that will be provided for a series of Securities,
including any provisions regarding the circumstances under which collateral may be released or substituted;

(25)          
if applicable, the terms of any guaranties for the Securities, including the terms of any
subordination of such guaranties, and any circumstances under which there may be additional obligors on the Securities;

(26)          
provisions, if any, granting special rights to the Holders of Securities of the series upon
the occurrence of such events as may be specified;

(27)          
whether Securities of the series shall be issuable in registered form or bearer form (registrable
or not registrable as to principal, and with or without interest coupons), or both, and any restrictions applicable to the offering,
sale or delivery of bearer securities and the terms upon which bearer Securities of a series may be exchanged for registered Securities
of the same series and vice versa;

(28)          
the forms of the Securities of the series;

(29)          
any terms which may be related to warrants, options or other rights to purchase and sell
securities issued by the Company in connection with, or for the purchase of, Securities of such series, including whether and
under what circumstances the Securities of any series may be used toward the exercise price of any such warrants, options or other
rights;

(30)          
the subordination, if any, of the Securities of the series;

(31)          
if the Securities of the series will be governed by, and the extent to which such Securities
will be governed by, any law other than the laws of the state of New York;

(32)          
any other terms of the series (which terms shall not be inconsistent with the provisions
of this Indenture, except as permitted by Section 9.1(5)).

All
Securities of any one series need not be identical but may vary as may be provided in or pursuant to the Board Resolution referred
to above and (subject to Section 3.3) set forth, or determined in the manner provided, in the Officers’ Certificate
referred to above or in any such indenture supplemental hereto. All Securities of any one series need not be issued at the same
time and, unless otherwise provided, a series may be reopened, without the consent of the Holders, for issuances of additional
Securities of such series.

Section
3.2              Denominations.

Except
as specified as contemplated by Section 3.1, the Securities of each series shall be issuable only in registered form without
coupons. The Securities of such series shall be issuable only in such denominations as shall be specified as contemplated by Section
3.1. In the absence of any such specified denomination with respect to the Securities of any series, the Securities of such
series shall be issuable in denominations of $1,000 and any integral multiple thereof. Unless otherwise provided as contemplated
by Section 3.1 with respect to any series of Securities, any Securities of a series denominated in a currency other
than Dollars shall be issuable in denominations that are the equivalent, as determined by the Company by reference to the noon
buying rate in The City of New York for cable transfers for such currency (“Exchange Rate”), as such rate is
reported or otherwise made available by the Federal Reserve Bank of New York, on the applicable issue date for such Securities,
of $1,000 and any integral multiple thereof.

    	23
	 

    	 

    
   

Section
3.3              Execution,
Authentication, Delivery and Dating.

The
Securities shall be executed on behalf of the Company by its Chairman of the Board, its Chief Executive Officer, its principal
financial officer, its President or one of its Vice Presidents, and attested by its Treasurer, its Secretary or one of its Assistant
Treasurers or Assistant Secretaries. The signature of any of these officers on the Securities may be manual or facsimile. Securities
bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the
Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and
delivery of such Securities or did not hold such offices at the date of such Securities.

At
any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series
executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of
such Securities, and the Trustee in accordance with the Company Order shall authenticate and deliver such Securities; provided,
however, that in the case of Securities offered in a Periodic Offering, the Trustee shall authenticate and deliver such Securities
from time to time in accordance with such other procedures (including, without limitation, the receipt by the Trustee of oral
or electronic instructions from the Company or its duly authorized agents, promptly confirmed in writing) acceptable to the Trustee
as may be specified by or pursuant to a Company Order delivered to the Trustee prior to the time of the first authentication of
Securities of such series. Each Security shall be dated the date of its authentication unless otherwise provided by a Board Resolution,
a supplemental indenture hereto or an Officers’ Certificate. If the form or terms of the Securities of the series have been
established by or pursuant to one or more Board Resolutions or any other method permitted by Sections 2.1 and 3.1,
in authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities,
the Trustee shall be entitled to receive, and (subject to Section 6.1) shall be fully protected in relying upon, a copy
of such Board Resolution, the Officers’ Certificate setting forth the terms of the series and an Opinion of Counsel, with
such Opinion of Counsel stating,

(1)              
if the form or terms of such Securities have been established by or pursuant to Board Resolution
or any other method permitted by Sections 2.1 and 3.1, that such form or terms have been, or in the case of Securities
of a series offered in a Periodic Offering will be, established in conformity with the provisions of this Indenture, subject in
the case of Securities offered in a Periodic Offering, to any conditions specified in such Opinion of Counsel; and

(2)              
that such Securities, when authenticated and delivered by the Trustee and issued by the Company
in the manner and subject to any conditions, exceptions and qualifications specified in such Opinion of Counsel, will constitute
legal, valid and binding obligations of the Company, enforceable in accordance with their terms, except
as such enforcement is subject to the effect of (i) bankruptcy, insolvency, fraudulent conveyance, reorganization or other laws
relating to or affecting creditors’ rights and (ii) general principles of equity (regardless of whether such enforcement
is considered in a proceeding in equity or at law).

    	24
	 

    	 

    
    

Such
Opinion of Counsel need express no opinion as to the enforceability of Section 6.7 or as to whether a court in the United
States would render a money judgment in a currency other than that of the United States. Notwithstanding the provisions of Section
3.1 and of the preceding paragraph, if all Securities of a series are not to be originally issued at one time, it shall not
be necessary to deliver the Officers’ Certificate otherwise required pursuant to Section 3.1 or the Company Order
and Opinion of Counsel otherwise required pursuant to such preceding paragraph at or prior to the authentication of each Security
of such series if such documents are delivered at or prior to the authentication upon original issuance of the first Security
of such series to be issued.

Notwithstanding
that such form or terms have been so established, the Trustee shall have the right to decline to authenticate such Securities
if, in the written opinion of counsel to the Trustee (which counsel may be an employee of the Trustee), such action may not lawfully
be taken or if the Trustee in good faith by its board of directors or trustees, executive committee or a trust committee of directors,
trustees or vice presidents shall determine that such action would expose the Trustee to personal liability to Holders of any
Securities then outstanding.

With
respect to Securities of a series offered in a Periodic Offering, the Trustee may rely, as to the authorization by the Company
of any of such Securities, the form and terms thereof and the legality, validity, binding effect and enforceability thereof, upon
the Opinion of Counsel and the other documents delivered pursuant to Sections 2.1 and 3.1 and this Section, as applicable,
in connection with the first authentication of Securities of such series.

No
Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears
on such Security a certificate of authentication substantially in the form provided for herein executed by the Trustee or an Authenticating
Agent by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such
Security has been duly authenticated and delivered hereunder. Notwithstanding the foregoing, if any Security shall have been authenticated
and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for
cancellation as provided in Section 3.9, for all purposes of this Indenture such Security shall be deemed never to have
been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture.

The
Company in issuing Securities may use “CUSIP” numbers (if then generally in use), and if so, the Trustee may use the
CUSIP numbers in notices of redemption or exchange as a convenience to Holders; provided, however, that any such notice may state
that no representation is made as to the correctness or accuracy of the CUSIP number printed in the notice or on the Securities,
that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption or exchange
shall not be affected by any defect or omission of such CUSIP numbers. The Company will promptly notify the Trustee of any change
in CUSIP numbers known to an Officer of the Company. Neither the Company nor the Trustee shall have any responsibility for any
defect in the CUSIP number that appears on any Security, check, advice of payment or redemption notice, and any such document
may contain a statement to the effect that CUSIP numbers have been assigned by an independent service for convenience of reference
and that neither the Company nor the Trustee shall be liable for any inaccuracy in such numbers.

    	25
	 

    	 

    
   

Section
3.4              Temporary
Securities.

Pending
the preparation of definitive Securities of any series, the Company may execute, and upon Company Order the Trustee shall authenticate
and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized
denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued and with such appropriate
insertions, omissions, substitutions and other variations as the officers executing such Securities may determine, as evidenced
by their execution of such Securities. All or any portion of the temporary Securities of a series may be Global Securities.

If
temporary Securities of any series are issued, the Company will cause definitive Securities of that series to be prepared without
unreasonable delay. Except in the case of temporary Securities that are Global Securities, each of which shall be exchanged in
accordance with the provisions thereof, after the preparation of definitive Securities of such series, the temporary Securities
of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such
series at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender
for cancellation of any one or more temporary Securities of any series, the Company shall execute and the Trustee shall authenticate
and deliver in exchange therefor one or more definitive Securities of the same series, of any authorized denominations and of
like tenor and aggregate principal amount. Until so exchanged, the temporary Securities of any series shall in all respects be
entitled to the same benefits under this Indenture as definitive Securities of such series and tenor, except as otherwise specified
as contemplated by Section 3.1.

Section
3.5              Registration;
Registration of Transfer and Exchange.

The
Company shall cause to be kept at the Corporate Trust Office of the Trustee or in any office or agency to be maintained by the
Company in accordance with Section 9.2 in a Place of Payment or in such other place or medium as may be specified pursuant
to Section 3.1 a register for each series of Securities (each register maintained in such office and in any other office
or agency of the Company in a Place of Payment being herein sometimes referred to as the “Security Register”)
in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Securities
of such series and of transfers of Securities of such series. Unless otherwise contemplated by Section 3.1, the Trustee
is hereby appointed “Security Registrar” for the purpose of registering Securities and transfers of Securities,
and for the purpose of maintaining the Security Register in respect thereof, as herein provided.

Except
as set forth in Section 2.3 or as may be provided pursuant to Section 3.1, upon surrender for registration of transfer
of any Security of a series at the office or agency of the Company in a Place of Payment for that series, the Company shall execute
and deliver a Company Order requesting the Trustee to authenticate and deliver, and the Trustee shall authenticate and deliver,
in the name of the designated transferee or transferees, one or more new Securities of the same series, of any authorized denominations
and of like tenor and aggregate principal amount.

    	26
	 

    	 

    
    

Unless
otherwise provided as contemplated by Section 3.1, at the option of the Holder, Securities of any series (other than Global
Securities) may be exchanged for other Securities of the same series, of any authorized denominations and of like tenor and aggregate
principal amount, upon surrender of the Securities to be exchanged at such office or agency, and upon payment, if the Company
shall so require, of the charges hereinafter provided. Whenever any Securities are so surrendered for exchange, the Company shall
execute, and the Trustee shall authenticate and deliver, the Securities that the Holder making the exchange is entitled to receive.

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

Every
Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company, Security
Registrar or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the
Company, the Security Registrar or the Trustee, as the case may be, duly executed, by the Holder thereof or its attorney duly
authorized in writing.

Unless
otherwise provided as contemplated by Section 3.1, no service charge shall be made for any registration of transfer or
exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to
Section 3.4, 9.6 or 11.7 not involving any transfer.

Unless
otherwise provided as contemplated by Section 3.1, if the Securities of any series (or of any series and specified tenor)
are to be redeemed in whole or in part, the Company shall not be required (A) to issue, register the transfer of or exchange any
Securities of that series (or of that series and specified tenor, as the case may be) during a period beginning at the opening
of business 15 days before the day of the mailing of a notice of redemption of any such Securities selected for redemption under
Section 11.3 and ending at the close of business on the day of such mailing, or (B) to register the transfer of or exchange
any Security so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part.

Unless
otherwise provided as contemplated by Section 3.1, the Company shall not be required to register the transfer or exchange
of Securities between a Record Date and the next succeeding Interest Payment Date.

    	27
	 

    	 

    
    

Section
3.6              Mutilated,
Destroyed, Lost and Stolen Securities.

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

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

Upon
the issuance of any new Security under this Section 3.6, the Company may require the payment of a sum sufficient to cover
any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses
of the Trustee) connected therewith.

Every
new Security of any series issued pursuant to this Section 3.6 in lieu of any destroyed, lost or stolen Security shall
constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security
shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately
with any and all other Securities of that series duly issued hereunder.

The
provisions of this Section 3.6 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with
respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities.

Section
3.7              Payment
of Interest; Interest Rights Preserved.

Except
as otherwise provided as contemplated by Section 3.1 with respect to any series of Securities, interest on any Security
which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose
name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for
such interest at the office or agency maintained for such purpose pursuant to Section 9.2; provided, however, that at the
option of the Company, interest on any series of Registered Securities that bear interest may be paid (i) by check mailed to the
address of the Person entitled thereto as it shall appear on the Security Register of such series (unless, with respect to a Global
Security, the rules of the Depositary require payment of such amount by wire transfer) or (ii) by wire transfer to an account
maintained by the Person entitled thereto as specified in the Security Register of such series.

Unless
otherwise provided as contemplated by Section 3.1, any interest on any Security of any series which is payable, but is
not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”)
shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and
such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or (2)
below:

    	28
	 

    	 

    
    

(1)              
The Company may elect to make payment of any Defaulted Interest to the Persons in whose names
the Securities of such series (or their respective Predecessor Securities) are registered at the close of business on a Special
Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify
the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Security of such series and the date of
the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate
amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such
deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons
entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the
payment of such Defaulted Interest, which shall be not more than 15 days and not less than 10 days prior to the date of the proposed
payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly
notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed
payment of such Defaulted Interest and the Special Record Date therefor to be given to each Holder of Securities of such series
in the manner set forth in Section 1.7, not less than 10 days prior to such Special Record Date. The Trustee may, in its
discretion, in the name and at the expense of the Company, cause a similar notice to be published at least once in an Authorized
Newspaper, but such publication shall not be a condition precedent to the establishment of such Special Record Date. Notice of
the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest
shall be paid to the Persons in whose names the Securities of such series (or their respective Predecessor Securities) are registered
at the close of business on such Special Record Date and shall no longer be payable pursuant to the following clause (2).

(2)              
The Company may make payment of any Defaulted Interest on the Securities of any series in
any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed,
and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed
payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee.

Subject
to the foregoing provisions of this Section 3.7, 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
3.8              Persons
Deemed Owners.

Prior
to due presentment of a Security for registration of transfer, the Company, each Guarantor, the Trustee and any agent of the Company
or the Trustee may treat the Person in whose name such Security is registered as the owner of such Security for the purpose of
receiving payment of principal of and any premium and (subject to Section 3.7) any interest and any Additional Amounts
or other payments on such Security and for all other purposes whatsoever, whether or not such Security shall be overdue, and none
of the Company, any Guarantor, the Trustee or any agent of the Company, any Guarantor or the Trustee shall be affected by notice
to the contrary.

    	29
	 

    	 

    
    

Except
as otherwise specified as contemplated by Section 3.1, none of the Company, any Guarantor, the Trustee or any agent of
the Company, any Guarantor or the Trustee shall have any responsibility or liability for any aspect of the records relating to
or payments made on account of beneficial ownership interests of a Global Security, or for maintaining, supervising or reviewing
any records relating to such beneficial ownership interests. Notwithstanding the foregoing, with respect to any Global Security,
nothing herein shall prevent the Company or the Trustee, or any agent of the Company or the Trustee, from giving effect to any
written certification, proxy or other authorization furnished by any Depositary (or its nominee), as a Holder, with respect to
such Global Security or impair, as between such Depositary and owners of beneficial interests in such Global Security, the operation
of customary practices governing the exercise of the rights of such Depositary (or its nominee) as Holder of such Global Security.

Section
3.9              Cancellation.

The
Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder
which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery
to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold,
and all Securities so delivered shall be promptly canceled by the Trustee. The Security Registrar and the Paying Agent shall forward
to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment, and all Securities so delivered
shall be promptly canceled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities canceled
as provided in this Section, except as expressly permitted by this Indenture or as otherwise specified as contemplated by Section
3.1. On request of the Company at the time of surrender, the Trustee shall deliver to the Company canceled Securities held
by the Trustee. In the absence of such request, all canceled Securities held by the Trustee shall be disposed of in accordance
with the Trustee’s customary procedures.

Section
3.10          Computation
of Interest.

Except
as otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each
series shall be computed on the basis of a 360-day year of twelve 30-day months.

    	30
	 

    	 

    
   

ARTICLE
4

SATISFACTION AND DISCHARGE 

Section
4.1              Satisfaction
and Discharge of Indenture.

This
Indenture shall upon Company Request cease to be of further effect with respect to Securities and any related Guarantees of or
within any series (except as to any surviving rights of registration of transfer or exchange of such Securities and replacement
of such Securities which may have been lost, stolen or mutilated as herein expressly provided for), and the Trustee, at the expense
of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture and any related Guarantees
with respect to such Securities and any related Guarantees, when

(1)              
either

(A)             
all such Securities theretofore authenticated and delivered (other than (i) Securities which
have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.6 and (ii) Securities
for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Trustee or the Company
and thereafter repaid to the Company or discharged from such trust, as provided in Section 10.3) have been delivered to
the Trustee for cancellation; or

(B)             
 all such Securities not theretofore delivered to the Trustee for cancellation

(i)                 
have become due and payable, or

(ii)               
will become due and payable at their Stated Maturity within one year, or

(iii)              are
to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of
redemption by the Trustee in the name, and at the expense, of the Company, and the Company or the Guarantors, if
applicable, in the case of clause (i), (ii) or (iii) above, has deposited or caused to be deposited with
the Trustee as trust funds in trust for the purpose money in an amount sufficient to pay and discharge the
entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal and any
premium and interest and any Additional Amounts to the date of such deposit (in the case of Securities which have become due
and payable) or to the Stated Maturity or Redemption Date, as the case may be;

(2)              
the Company or the Guarantors, if applicable, has paid or caused to be paid all other sums
payable hereunder by the Company with respect to the Outstanding Securities of such series;

(3)              
the Company has complied with any other conditions specified pursuant to Section 3.1
to be applicable to the Outstanding Securities of such series; and

(4)              
the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture
as to such Securities and any related Guarantees have been complied with.

If
any Outstanding Securities of such series are to be redeemed prior to their Stated Maturity, whether pursuant to any optional
redemption provisions or in accordance with any mandatory sinking fund requirement, the trust agreement evidencing the trust referred
to in subclause (B) of clause (1) of this Section 4.1 shall provide therefore and the Company shall make
such arrangements as are satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at
the expense, of the Company.

    	31
	 

    	 

    
    

Notwithstanding
the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 6.7, the
obligations of the Trustee to any Authenticating Agent under Section 6.14 and, if money shall have been deposited with
the Trustee pursuant to subclause (B) of clause (1) of this Section 4.1, the obligations of the Trustee under
Section 4.2 and the last paragraph of Section 10.3 shall survive.

Section
4.2              Application
of Trust Money.

Subject
to the provisions of the last paragraph of Section 10.3, all money deposited with the Trustee pursuant to Section 4.1
shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment,
either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine,
to the Persons entitled thereto, of the principal and any premium and interest or Additional Amounts for whose payment such money
has been deposited with the Trustee.

Section
4.3              Reinstatement.

If
the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations deposited with respect to Securities or
any related Guarantee of any series in accordance with Section 4.1 by reason of any legal proceeding or by reason
of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application,
the Company’s obligations under this Indenture with respect to the Securities of such series and the Securities of such
series, as well as any related Guarantee and any Guarantor’s obligations thereunder, shall be revived and reinstated as
though no deposit had occurred pursuant to Section 4.1 until such time as the Trustee or Paying Agent is permitted
to apply all such money or U.S. Government Obligations in accordance with Section 4.1; provided, however, that if
the Company or any Guarantor has made any payment of principal of, premium (if any) or interest on, or any Additional Amounts
with respect to, any Securities or Guarantee because of the reinstatement of its obligations, the Company or such Guarantor, as
applicable, shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money or U.S.
Government Obligations held by the Trustee or Paying Agent.

ARTICLE
5

REMEDIES 

Section
5.1              Events
of Default.

“Event
of Default,” wherever used herein with respect to Securities of any series, means any one of the following events (whatever
the reason for such Event of Default and whether it shall be occasioned by the subordination provisions applicable to any Securities
or be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or
any order, rule or regulation of any administrative or governmental body), unless it is either inapplicable to a particular series
or it is specifically deleted or modified in the Board Resolution, supplemental indenture, Officers’ Certificate establishing
such series, or form of Security for such series:

    	32
	 

    	 

    
   

(1)              
default in the payment of any interest on, or any Additional Amounts with respect to, any
Security of that series when it becomes due and payable, and continuance of such default for a period of 30 days (unless the entire
amount of such payment is deposited by the Company with the Trustee or with a Paying Agent prior to the expiration of such period
of 30 days); or 

(2)              
default in the payment of the principal of or any premium on any Security of that series
at its Maturity; or

(3)              
default in the deposit of any sinking fund payment, when and as due by the terms of a Security
of that series, and continuance of such default for a period of 30 days; or

(4)              
default in the performance, or breach, of any covenant or warranty of the Company in this
Indenture (other than a covenant or warranty a default in whose performance or whose breach is elsewhere in this Section 5.1
specifically dealt with or which has expressly been included in this Indenture solely for the benefit of series of Securities
other than that series), and continuance of such default or breach for a period of 60 days after there has been given, by registered
or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal
amount of the Outstanding Securities of that series a written notice specifying such default or breach and requiring it to be
remedied and stating that such notice is a “Notice of Default” hereunder; or

(5)              
the entry by a court having jurisdiction in the premises of (A) a decree or order for
relief in respect of the Company in an involuntary case or proceeding under any applicable federal or state bankruptcy, insolvency,
reorganization or other similar law or (B) a decree or order adjudging the Company a bankrupt or insolvent, or approving
as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under
any applicable federal or state law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other
similar official of the Company or of any substantial part of its property, or ordering the winding up or liquidation of its affairs,
and the continuance of any such decree or order for relief or any such other decree or order unstayed and in effect for a period
of 60 consecutive days; or

(6)              
the commencement by the Company of a voluntary case or proceeding under any applicable federal
or state bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt
or insolvent, or the consent by it to the entry of a decree or order for relief in respect of the Company in an involuntary case
or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or other similar law or to the commencement
of any bankruptcy or insolvency case or proceeding against it, or the filing by it, of a petition or answer or consent seeking
reorganization or relief under any applicable federal or state law, or the consent by it to the filing of such petition or to
the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official
of the Company or of any substantial part of its property, or the making by it of an assignment for the benefit of creditors,
or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action
by the Company in furtherance of any such action; or

    	33
	 

    	 

    
   

(7)              
any other Event of Default provided with respect to Securities of that series in the Board
Resolution, supplemental indenture or Officers’ Certificate establishing that series.

Notwithstanding
the foregoing provisions of this Section 5.1, if the principal of, premium (if any) or any interest on, or any Additional
Amounts with respect to, any Security is payable in a currency or currencies (including a composite currency) other than Dollars
and such currency or currencies are not available to the Company for making payment thereof due to the imposition of exchange
controls or other circumstances beyond the control of the Company (a “Conversion Event”), the Company will
be entitled to satisfy its obligations to Holders of the Securities by making such payment in Dollars in an amount equal to the
Dollar equivalent of the amount payable in such other currency, as determined by the Company by reference to the Exchange Rate,
as such Exchange Rate is certified for customs purposes by the Federal Reserve Bank of New York on the date of such payment, or,
if such rate is not then available, on the basis of the most recently available Exchange Rate. Notwithstanding the foregoing provisions
of this Section 5.1, any payment made under such circumstances in Dollars where the required payment is in a currency
other than Dollars will not constitute an Event of Default under this Indenture.

Promptly
after the occurrence of a Conversion Event with respect to the Securities of any series, the Company shall give written notice
thereof to the Trustee; and the Trustee, promptly after receipt of such notice, shall give notice thereof in the manner provided
in Section 1.7 to the Holders of such series. Promptly after the making of any payment in Dollars as a result of a
Conversion Event with respect to the Securities of any series, the Company shall give notice in the manner provided in Section 1.7
to the Holders of such series, setting forth the applicable Exchange Rate and describing the calculation of such payments.

Section
5.2              Acceleration
of Maturity; Rescission and Annulment.

Unless
the Board Resolution, supplemental indenture or Officers’ Certificate establishing such series provides otherwise, if an
Event of Default (other than an Event of Default specified in Section 5.1(5) or 5.1(6)) with respect to Securities
of any series at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not less
than 25% in principal amount of the Outstanding Securities of that series may declare the principal amount of all the Securities
of that series (or, if any Securities of that series are Original Issue Discount Securities, such portion of the principal amount
of such Securities as may be specified by the terms thereof) and premium, if any, together with accrued and unpaid interest, if
any, thereon, and Additional Amounts, if any, with respect thereto, to be due and payable immediately, by a notice in writing
to the Company (and to the Trustee if given by the Holders), and upon any such declaration such principal amount (or specified
amount) and premium, if any, together with accrued and unpaid interest, if any, thereon, and Additional Amounts, if any, with
respect thereto, shall become immediately due and payable. Unless the Board Resolution, supplemental indenture or Officers’
Certificate establishing such series provides otherwise, if an Event of Default specified in Section 5.1(5) or 5.1(6)
with respect to Securities of any series at the time Outstanding occurs, the principal amount of all the Securities of that
series (or, if any Securities of that series are Original Issue Discount Securities, such portion of the principal amount of such
Securities as may be specified by the terms thereof) and premium, if any, together with accrued and unpaid interest, if any, thereon,
and Additional Amounts, if any, with respect thereto, shall automatically, and without any declaration or other action on the
part of the Trustee or any Holder, become immediately due and payable.

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At
any time after such a declaration of acceleration with respect to Securities of any series has been made and before a judgment
or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article 5 provided, the
Holders of a majority in principal amount of the Outstanding Securities of that series, by written notice to the Company and the
Trustee, may rescind and annul such declaration and its consequences if

(1)              
the Company or any Guarantor has paid or deposited with the Trustee a sum sufficient to pay

(A)             
all overdue interest on, and any Additional Amounts with respect to, all Securities of that
series (or of all series, as the case may be),

(B)             
the principal of or premium (if any) on any Securities of that series (or of all series,
as the case may be) which have become due otherwise than by such declaration of acceleration and interest thereon at the rate
or rates prescribed therefor in such Securities (in the case of Original Issue Discount Securities, the Securities’ Yield
to Maturity),

(C)             
to the extent that payment of such interest is lawful, interest upon overdue interest and
any Additional Amounts at the rate or rates prescribed therefor in such Securities (in the case of Original Issue Discount Securities,
the Securities’ Yield to Maturity), and

(D)             
all sums paid or advanced by the Trustee hereunder, the compensation, expenses, disbursements
and advances due to Trustee under Section 6.7, and all other amounts due under Section 6.7;

(2)              
all Events of Default with respect to Securities of that series (or of all series, as the
case may be), other than the nonpayment of the principal of Securities of that series (or of all series, as the case may be) which
have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 5.13;
and

(3)              
the rescission would not conflict with any final judgment or decree of a court of competent
jurisdiction.

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

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

The
Company covenants that if

(1)              
default is made in the payment of any interest on, or any Additional Amounts with respect
to, any Security of any series when such interest or Additional Amounts shall become due and payable and such default continues
for a period of 30 days, or

(2)              
default is made in the payment of the principal of (or premium, if any, on) any Security
at the Maturity thereof, the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such
Securities, the whole amount then due and payable on such Securities for principal and any premium and interest on, and Additional
Amounts with respect to, and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue
principal and premium and on any overdue interest or Additional Amounts, at the rate or rates prescribed therefor in such Securities
(or in the case of Original Issue Discount Securities, the Securities’ Yield to Maturity), and, in addition thereto, such
further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and all other amounts due the Trustee under Section 6.7.

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

In
addition, if any other Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may in
its discretion proceed, in its own name and as trustee of an express trust, to protect and enforce its rights and the rights of
the Holders of Securities of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual to
protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in
aid of the exercise of any power granted herein, or to enforce any other proper remedy.

Section
5.4              Trustee
May File Proofs of Claim.

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

    	36
	 

    	 

    
   

(1)              
to file and prove a claim for the whole amount of principal (or lesser amount in the case
of Original Issue Discount Securities) (and premium, if any) and interest and any Additional Amounts owing and unpaid in respect
of the Securities and to file such other papers or documents as may be necessary or advisable 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 of the Holders allowed in such judicial proceeding, and

(2)              
to collect and receive any monies or other property payable or deliverable on any such claims
and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that
the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for
the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts
due the Trustee under Section 6.7.

No
provision of this Indenture shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of
any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder
thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding; provided, however, that
the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member
of a creditors’ or other similar committee.

Section
5.5              Trustee
May Enforce Claims Without Possession of Securities.

All
rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession
of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding may be instituted
by the Trustee in its own name as trustee of an express trust.

Section
5.6              Application
of Money Collected.

Subject
to the subordination provisions applicable to any series of Securities, any money collected by the Trustee pursuant to this Article
shall be applied and paid in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of
such money on account of principal or any premium or interest on, or any Additional Amounts with respect to, the Securities, upon
presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully
paid:

FIRST:
To the payment of all amounts due the Trustee under Section 6.7 in connection with such series of Securities in respect
of which money or other property is collected;

SECOND:
Subject to the terms of any subordination entered into as contemplated by Section 3.1, to the payment of the amounts then
due and unpaid for principal of and any premium, if any, and interest on, and any Additional Amounts with respect to, the Securities
in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any
kind, according to the amounts due and payable on such Securities for principal and any premium, if any, interest on and Additional
Amounts, respectively; and

    	37
	 

    	 

    
   

THIRD:
The balance, if any, to the Company or any other Person or Persons entitled thereto.

To
the fullest extent allowed under applicable law, if for the purpose of obtaining judgment against the Company in any court it
is necessary to convert the sum due in respect of the principal of, premium (if any) or interest on, or any Additional Amounts
with respect to, the Securities of any series (the “Required Currency”) into a currency in which a judgment
will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance
with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency
on the Business Day in The City of New York next preceding that on which final judgment is given. None of the Company, any Guarantor
or the Trustee shall be liable for any shortfall nor shall any of them benefit from any windfall in payments to Holders of Securities
under this Section 5.6 caused by a change in exchange rates between the time the amount of a judgment against it is
calculated as above and the time the Trustee converts the Judgment Currency into the Required Currency to make payments under
this Section 5.6 to Holders of Securities, but payment of such judgment shall discharge all amounts owed by the Company
on the claim or claims underlying such judgment.

Section
5.7              Limitation
on Suits.

Subject
to Section 5.8, no Holder of any Security of any series shall have any right to institute any proceeding, judicial or otherwise,
with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless

(1)              
an Event of Default with respect to such series of Securities shall have occurred and be
continuing and such Holder has previously given written notice to the Trustee of such continuing Event of Default;

(2)              
the Holders of not less than 25% in principal amount of the Outstanding Securities of that
series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own
name as Trustee hereunder;

(3)              
such Holder or Holders have offered and, if requested, provided to the Trustee reasonable
indemnity against the costs, expenses and liabilities to be incurred in compliance with such request;

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

(5)              
no direction inconsistent with such written request has been given to the Trustee during
such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities of that series (or of all series,
as the case may be).

No one or more of
such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect,
disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any
other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and
ratable benefit of all of such Holders.

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Section
5.8              Right
of Holders to Receive Principal, Premium and Interest.

Notwithstanding
any other provision in this Indenture, the right of any Holder of any Security to receive payment of the principal of and any
premium and (subject to Section 3.7) interest on, or any Additional Amounts with respect to, such Security on the Stated
Maturity or Stated Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date) and to institute
suit for the enforcement of any such payment after the respective due dates, shall not be impaired without the consent of such
Holder.

Section
5.9              Restoration
of Rights and Remedies.

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

Section
5.10          Rights
and Remedies Cumulative.

Except
as otherwise provided in Section 5.7 or with respect to the replacement or payment of mutilated, destroyed, lost or stolen
Securities in the last paragraph of Section 3.6, no right or remedy herein conferred upon or reserved to the Trustee or
to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted
by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in
equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other appropriate right or remedy.

Section
5.11          Delay
or Omission Not Waiver.

No
delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of
Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein.
Every right and remedy given by this Article 5 or by law to the Trustee or to the Holders may be exercised from time
to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be.

Section
5.12          Control
by Holders.

With
respect to Securities of any series, the Holders of a majority in principal amount of the Outstanding Securities of such series
shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee,
or exercising any trust or power conferred on the Trustee, relating to or arising under an Event of Default described in clause
(1), (2), (3), (4) or (7) of Section 5.1, and with respect to all Securities
the Holders of a majority in principal amount of all Outstanding Securities shall have the right to direct the time, method and
place of conducting any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, relating to
or arising under an Event of Default described in clause (5) or (6) of Section 5.1, provided that in each
such case.

    	39
	 

    	 

    

 

(1)              
the Trustee shall have the right to decline to follow any such direction if the Trustee,
being advised by counsel, determines that the action so directed may not lawfully be taken or would conflict with this Indenture
or if the Trustee in good faith shall, by a Responsible Officer, determine that the proceedings so directed would involve it in
personal liability or be unjustly prejudicial to the Holders not taking part in such direction, and

(2)              
the Trustee may take any other action deemed proper by the Trustee that is not inconsistent
with such direction or this Indenture.

Section
5.13          Waiver
of Past Defaults.

Subject
to Section 5.8 and Section 9.2, the Holders of not less than a majority in aggregate principal amount of the Outstanding
Securities of any series may on behalf of the Holders of all the Securities of such series waive any past default or Event of
Default described in clause (1), (2), (3), (4) or (7) of Section 5.1
hereunder with respect to such series and its consequences, and the Holders of a majority in principal amount of all Outstanding
Securities may on behalf of the Holders of all Securities waive any Event of Default described in clause (5) or (6) of Section 5.1 hereunder and its consequences, except a default

(1)              
in the payment of the principal of or any premium or interest on, or any Additional Amounts
with respect to, any Security as and when the same shall become due and payable by the terms thereof, otherwise than by acceleration
(unless such default has been cured as provided herein), or

(2)              
in respect of a covenant or provision hereof which under Article 9 cannot be modified
or amended without the consent of the Holder of each Outstanding Security affected.

Upon
any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured,
for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent
thereon.

Section
5.14          Undertaking
for Costs.

All
parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that
in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action
taken, suffered or omitted by it as Trustee, a court may require any party litigant in such suit to file an undertaking to pay
the costs of such suit, and may assess costs against any such party litigant, in the manner and to the extent provided in the
Trust Indenture Act; provided that the provisions of this Section 5.14 shall not apply to any suit instituted by the Company,
to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more
than 10% in principal amount of the outstanding Securities of any series, or to any suit instituted by any Holder for the enforcement
of the payment of the principal of or interest on any Security on or after the Stated Maturity or Stated Maturities expressed
in such Security (or, in the case of redemption, on the redemption date).

    	40

    	 	

    
  

ARTICLE 6

THE TRUSTEE 

Section
6.1              Certain
Duties and Responsibilities.

(1)              
If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights
and powers vested in it by this Indenture and use the same degree of care and skill in their exercise as a prudent individual
would exercise or use under the circumstances in the conduct of his or her own affairs.

(2)              
Except during the continuance of an Event of Default:

(A)             
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.

(B)             
In the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth
of the statements and the correctness of the opinions expressed therein, upon Officers’ Certificates or Opinions of Counsel
furnished to the Trustee and conforming to the requirements of this Indenture; however, in the case of any such Officers’
Certificates or Opinions of Counsel which by any provisions hereof are specifically required to be furnished to the Trustee, the
Trustee shall examine such Officers’ Certificates and Opinions of Counsel to determine whether or not they conform to the
requirements of this Indenture (but need not confirm or investigate the accuracy of any mathematical calculations or other facts
stated therein).

(3)              
The Trustee may not be relieved from liability for its own negligent action, its own negligent
failure to act or its own willful misconduct or bad faith, except that:

(A)             
This paragraph does not limit the effect of clause (2) of this Section 6.1.

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

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

    	41

    	 	

    

(4)              
Every provision of this Indenture that in any way relates to the Trustee is subject to clauses
(1), (2) and (3) of this Section 6.1.

(5)              
The Trustee may refuse to perform any duty or to exercise any of the rights or powers vested
in it by this Indenture at the request or direction of any of Holder or Holders pursuant to this Indenture, unless such Holder
or Holders shall have offered and, if requested, provided to the Trustee reasonable security or indemnity against the costs, expenses
and liabilities which might be incurred by it in compliance with such request or direction.

(6)              
No provision of this Indenture shall require the Trustee to risk its own funds or otherwise
incur any financial liability in the performance of any of its duties, or in the exercise of any of its rights or powers, if it
shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk is not reasonably
assured to it.

(7)              
The Paying Agent, the Security Registrar and any Authenticating Agent shall be entitled to
the protections, immunities and standard of care as are set forth in clauses (1), (2) and (3) of this Section
6.1 with respect to the Trustee.

Section
6.2              Notice
of Defaults.

If
a default occurs hereunder and is continuing with respect to Securities of any series and it is known to a Responsible Officer
of the Trustee, the Trustee shall give the Holders of Securities of such series notice of such default as and to the extent provided
by the Trust Indenture Act; provided, however, that except in the case of a default in the payment of principal of (or premium,
if any) or interest on, or any Additional Amounts with respect to, any Securities of such series or in the payment of any sinking
fund installment, the Trustee shall be protected in withholding such notice if and so long as the Board of directors, the executive
committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the withholding
of such notice is in the interests of the holders of Securities of such series.

Section
6.3              Certain
Rights of Trustee.

Subject
to the provisions of Section 6.1:

(1)              
in the absence of bad faith on the part of the Trustee, the Trustee may rely and shall be
protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice,
request, direction, consent, order, bond, debenture, note, coupon, other evidence of indebtedness or other paper or document believed
by it to be genuine and to have been signed or presented by the proper party or parties;

(2)              
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;

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(3)              
any request or direction of the Company mentioned herein shall be sufficiently evidenced
by a Company Request or Company Order (unless other evidence is specifically required herein), and any resolution of the Board
of directors shall be sufficiently evidenced by a Board Resolution;

(4)              
whenever in the administration of this Indenture the Trustee shall deem it desirable that
a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence
be herein specifically prescribed), in the absence of bad faith on its part, is entitled to and may rely upon an Officers’
Certificate;

(5)              
the Trustee may consult with counsel and the written advice of such counsel or any Opinion
of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder
in good faith and in reliance thereon;

(6)              
 the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder
either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence
on the part of any agent or attorney appointed with due care by it hereunder.

(7)              
the Trustee shall not be charged with knowledge of any default or Event of Default with respect
to the Securities of any series for which it is acting as Trustee unless either (1) a Responsible Officer shall have actual knowledge
of such default or Event of Default or (2) written notice of such default or Event of Default shall have been given to the Trustee
by the Company or any other obligor on such Securities or by any Holder of such Securities; and

(8)              
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.

Section
6.4              Not
Responsible for Recitals or Issuance of Securities.

The
recitals contained herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken as
the statements of the Company, and neither the Trustee nor any Security Registrar, Paying Agent or Authenticating Agent assumes
any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture
or of the Securities. Neither the Trustee nor any Security Registrar, Paying Agent or Authenticating Agent shall be accountable
for the use or application by the Company of Securities or the proceeds thereof.

Section
6.5              May
Hold Securities and Act as Trustee under Other Indentures.

The
Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the Company, in its individual
or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 6.8 and 6.13, may
otherwise deal with the Company or any Guarantor with the same rights it would have if it were not Trustee, Authenticating Agent,
Paying Agent, Security Registrar or such other agent.

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Subject
to the limitations imposed by the Trust Indenture Act, nothing in this Indenture shall prohibit the Trustee from becoming and
acting as trustee under other indentures under which other securities, or certificates of interest of participation in other securities,
of the Company or any Guarantor are outstanding in the same manner as if it were not Trustee hereunder.

Section
6.6              Money
Held in Trust.

Subject
to the provisions of Sections 10.3 and 13.5, all moneys received by the Trustee shall, until used or applied, as
provided herein, be held in trust for the purposes for which they were received. Money held by the Trustee in trust hereunder
need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest
on any money received by it hereunder except as otherwise agreed in writing with the Company. So long as no Event of Default shall
have occurred and be continuing, all interest allowed on any such moneys shall be paid by the Company from time to time upon a
Company Order.

Section
6.7              Compensation
and Reimbursement.

The
Company shall pay to the Trustee from time to time such reasonable compensation for its services as the Company and the Trustee
may agree in writing from time to time. The Trustee’s compensation shall not be limited by any law on compensation of a
trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses, disbursements
and advances incurred by it in connection with the performance of its duties under this Indenture, except any such expense, disbursement
or advance as may be attributable to its negligence, willful misconduct or bad faith. Such expenses shall include the reasonable
compensation and expenses of the Trustee’s agents and counsel.

The
Company shall indemnify the Trustee for, and hold it harmless against, any and all loss, liability, damage, claim or expense (including
attorneys’ fees and expenses, and including taxes other than taxes based upon, measured by or determined by the income of
the Trustee), including without limitation the costs and expenses of defending itself against any third-party claim (whether asserted
by any Holder or any other Person (other than the Company to the extent of any claim brought by it against the Trustee that establishes
a breach by the Trustee in the observance or performance of its duties under this Indenture)), incurred by it without negligence,
willful misconduct or bad faith arising out of or in connection with its acceptance or administration of the trust or trusts hereunder,
including the performance of its duties or the exercise of its powers hereunder. With respect to any such claim other than a claim
brought by the Company, (i) the Trustee shall notify the Company promptly of any claim for which it may seek indemnity, (ii) the
Company may at its option defend the claim, in which event the Trustee shall cooperate in the defense and the Trustee may have
one separate counsel and the Company shall pay the reasonable fees and expenses of such counsel and (iii) the Company need not
pay for any settlement made without its consent, which consent shall not be unreasonably withheld. This indemnification shall
apply to officers, directors, employees, shareholders and agents of the Trustee.

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To
secure the Company’s payment obligations in this Section 6.7, the Trustee shall have a lien prior to the Securities
of any series on all money or property held or collected by the Trustee, except that held in trust to pay principal of and interest
on, or any Additional Amounts with respect to, particular Securities of that series.

When
the Trustee incurs expenses or renders services after an Event of Default specified in Section 5.1(5) or (6) occurs,
the expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy
Law.

The
provisions of this Section 6.7 and any lien arising hereunder shall survive the resignation or removal of the Trustee
or the discharge of the Company’s obligations under this Indenture and the termination of this Indenture.

Section
6.8              Conflicting
Interests.

If
the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either
eliminate such conflicting interest or resign, to the extent and in the manner and with the effect provided by, and subject to
the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by the Trust Indenture Act, the Trustee
shall not be deemed to have a conflicting interest by virtue of being a trustee under this Indenture with respect to Securities
of more than one series or any other indenture.

Section
6.9              Eligibility;
Disqualification.

There
shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series (which need not be the
same Trustee for all series). A Trustee may be Trustee hereunder for Securities of one or more series. Each Trustee shall be a
Person that is eligible pursuant to the Trust Indenture Act to act as such and has (or if the Trustee is a member of a bank holding
company system, its bank holding company has) a combined capital and surplus of at least $50,000,000 and subject to supervision
or examination by federal or state (or the District of Columbia) authority. If any such Person or bank holding company publishes
reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then
for the purposes of this Section 6.9 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus
of such Person or bank holding company shall be deemed to be its combined capital and surplus as set forth in its most recent
report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible
in accordance with the provisions of this Section 6.9, it shall resign immediately in the manner and with the effect hereinafter
specified in this Article 6.

The
Indenture shall always have a Trustee who satisfies the requirements of Sections 310(a)(1), 310(a)(2) and 310(a)(5) of the Trust Indenture Act.

Section
6.10          Resignation
and Removal; Appointment of Successor.

No
resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective
until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 6.11.

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The
Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the Company.
If the instrument of acceptance by a successor Trustee required by Section 6.11 shall not have been delivered to the Trustee
within 30 days after the giving of such notice of resignation, the resigning Trustee may petition at the expense of the Company
any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series.

The
Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority in principal
amount of the Outstanding Securities of such series, delivered to the Trustee and to the Company. If the instrument of acceptance
by a successor Trustee required by Section 6.11 shall not have been delivered to the removed Trustee within 30 days
after the receipt of such notice of removal, the removed Trustee may petition at the expense of the Company any court of competent
jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series.

If
at any time:

(1)              
the Trustee shall fail to comply with Section 6.8 after written request therefor by
the Company or by any Holder who has been a bona fide Holder of a Security for at least six months, or

(2)              
the Trustee shall cease to be eligible under Section 6.9 and shall fail to resign
after written request therefor by the Company or by any such Holder, or

(3)              
the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent
or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee
or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then, in any such case,
(A) the Company by a Board Resolution may remove the Trustee with respect to all Securities, or (B) subject to Section 5.14,
any Holder who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly
situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities and the appointment
of a successor Trustee or Trustees.

If
the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any
cause, with respect to the Securities of one or more series, the Company by a Board Resolution shall promptly appoint a successor
Trustee or Trustees with respect to the Securities of that or those series (it being understood that any such successor Trustee
may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only
one Trustee with respect to the Securities of any particular series) and such successor Trustee or Trustees shall comply with
the applicable requirements of Section 6.11. If, within one year after such resignation, removal or incapability, or the
occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the
Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and the retiring
Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the applicable
requirements of Section 6.11, become the successor Trustee with respect to the Securities of such series and to that extent
supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the Securities of any series
shall have been so appointed by the Company or the Holders and accepted appointment in the manner required by Section 6.11,
the retiring Trustee may petition, or any Holder who has been a bona fide Holder of a Security of such series for at least six
months may petition, on behalf of himself and all others similarly situated, any court of competent jurisdiction for the appointment
of a successor Trustee with respect to the Securities of such series.

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The
Company shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any series and
each appointment of a successor Trustee with respect to the Securities of any series to all Holders of Securities of such series
in the manner provided in Section 1.7. Each notice shall include the name of the successor Trustee with respect to the
Securities of such series and the address of its Corporate Trust Office.

Section
6.11          Acceptance
of Appointment by Successor.

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

In
case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the
Company, any Guarantor, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall
execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (1)
shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee
all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which
the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities,
shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties
of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring
shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as
shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being
understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust
and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder
administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or
removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without
any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee
with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request
of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee
all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which
the appointment of such successor Trustee relates.

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

No
successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified
and eligible under this Article 6.

Section
6.12          Merger,
Conversion, Consolidation or Succession to Business.

Any
corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to or acquiring
all or substantially all the corporate trust business of the Trustee (including the administration of the trust created by this
Indenture), shall be the successor of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible
under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto.
In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger,
conversion or consolidation to, or by succession to or acquisition of all or substantially all of the corporate trust business
of, such successor Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if
such successor Trustee had itself authenticated such Securities.

Section
6.13          Preferential
Collection of Claims Against Company.

If
and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Securities) as provided in the
Trust Indenture Act, the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims
against the Company (or any such other obligor).

Section
6.14          Appointment
of Authenticating Agent.

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

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 Company and, except as other specified as contemplated by Section 3.1, shall at all times be a
bank or trust company or corporation organized and doing business under the laws of the United States of America, any State
thereof or the District of Columbia, authorized under such laws to act as Authenticating Agent, having (or if the
Authenticating Agent is a member of a bank holding company system, its bank holding company has) a combined capital and
surplus of not less than $50,000,000 and subject to supervision or examination by Federal or State (or the District of
Columbia) authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the
requirements of said supervising or examining authority, then for the purposes of this Section 6.14, the combined
capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its
most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance
with the provisions of this Section 6.14, such Authenticating Agent shall resign immediately in the manner and with
the effect specified in this Section 6.14.

Any
corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation
succeeding to or acquiring the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an
Authenticating Agent, provided such corporation shall be otherwise eligible under this Section 6.14, without the execution
or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent.

An
Authenticating Agent for any series of Securities may resign at any time by giving written notice thereof to the Trustee for such
series and to the Company. The Trustee for any series of Securities may at any time terminate the agency of an Authenticating
Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation
or upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section, the Trustee for such series may appoint a successor Authenticating Agent which shall be acceptable
to the Company and shall give notice of such appointment in the manner provided in Section 1.7 to all Holders of Securities
of the series with respect to which such Authenticating Agent will serve. Any successor Authenticating Agent upon acceptance of
its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect
as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under
the provisions of this Section 6.14.

The
Trustee agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services under this Section
6.14, and the Trustee shall be entitled to be reimbursed for such payments, subject to the provisions of Section 6.7.

If
an appointment with respect to one or more series is made pursuant to this Section 6.14, the Securities of such series
may have endorsed thereon, in lieu of the Trustee’s certificate of authentication, an alternative certificate of authentication
in the following form:

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

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	 	_______________________________________
 [TRUSTEE], as Trustee
	 	 	 
	 	By:	 ____________________________________

As Authenticating Agent
	 	 	 
	 	By:	 ____________________________________

Authorized Officer

Notwithstanding
any provision of this Section 6.14 to the contrary, if at any time any Authenticating Agent appointed hereunder with
respect to any series of Securities shall not also be acting as the Security Registrar hereunder with respect to any series of
Securities, then, in addition to all other duties of an Authenticating Agent hereunder, such Authenticating Agent shall also be
obligated: (i) to furnish to the Security Registrar promptly all information necessary to enable the Security Registrar to
maintain at all times an accurate and current Security Register; and (ii) prior to authenticating any Security denominated
in a foreign currency, to ascertain from the Company the units of such foreign currency that are required to be determined by
the Company pursuant to Section 3.2.

ARTICLE
7

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

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

The
Company will furnish or cause to be furnished to the Trustee

(1)              
not later than 15 days after the Regular Record Date for each respective series of Securities,
or if there is no Regular Record Date for such series of Securities, semi-annually on January 1 and July 1, a list, in such form
as the Trustee may reasonably require, of the names and addresses of the Holders of Securities of each series as of such date,
as the case may be, and

(2)              
at such other times as the Trustee may request in writing, within 30 days after the receipt
by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such
list is furnished; provided that no such list need be furnished by the Company to the Trustee so long as the Trustee is acting
as Security Registrar.

Section
7.2              Preservation
of Information; Communications to Holders.

The
Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the
most recent list furnished to the Trustee as provided in Section 7.1 and the names and addresses of Holders received by
the Trustee in its capacity as Security Registrar. The Trustee may destroy any list furnished to it as provided in Section
7.1 upon receipt of a new list so furnished.

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The
rights of Holders to communicate with other Holders with respect to their rights under this Indenture or under the Securities,
and the corresponding rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act.

Every
Holder of Securities, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor
the Trustee nor any agent of either of them shall be held accountable by reason of any disclosure of information as to names and
addresses of Holders made pursuant to the Trust Indenture Act.

Section
7.3              Reports
by Trustee.

The
Trustee shall transmit to Holders and any other required Persons such reports concerning the Trustee and its actions under this
Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto.

As
promptly as practicable after each January 1 beginning with the January 1 following the date of this Indenture, and in any event
prior to March 1 in each year, the Trustee shall mail to each Holder a brief report dated as of December 31 of the prior year
if and to the extent required by Section 313(a) of the Trust Indenture Act. The Trustee shall also comply with Section
313(b) of the Trust Indenture Act.

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

Section
7.4              Reports
by Company.

(1)              
The Company shall file with the Trustee and the Commission, and transmit to Holders and any
other required Persons within 30 days after the filing with the Trustee, such information, documents and other reports, and such
summaries thereof, as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant to
the Trust Indenture Act; provided that any such information, documents or reports required to be filed with the Commission pursuant
to Section 13 or 15(d) of the Exchange Act shall be filed with the Trustee within 30 days after the same is so required
to be filed with the Commission.

(2)              
The Company intends to file the reports referred to in Section 7.4(1) hereof with
the Commission in electronic form pursuant to Regulation S-T of the Commission using the Commission’s Electronic Data Gathering,
Analysis and Retrieval system. Compliance with the foregoing, or any successor electronic system approved by the Commission, shall
constitute delivery by the Company of such reports to the Trustee and Holders in compliance with the provision of this Section
7.4(2) and Section 314(a) of the Trust Indenture Act. Notwithstanding anything to the contrary herein, the Trustee shall have
no duty to search for or obtain any electronic or other filings that the Company makes with the Commission, regardless of whether
such filings are periodic, supplemental or otherwise. Delivery of the reports, information and documents to the Trustee pursuant
to this Section 7.4(2) shall be solely for the purposes of compliance with this Section 7.4(2) and with Section
314(a) of the Trust Indenture Act. The Trustee’s receipt of such reports, information and documents shall not constitute
notice to it of the content thereof or of any matter determinable from the content thereof (and the Trustee shall not have any
duty to ascertain or inquire as to such content or matter), including the Company’s compliance with any of its covenants
hereunder, as to which the Trustee is absolutely entitled to conclusively rely upon Officers’ Certificates.

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ARTICLE 8

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 

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

The
Company may not merge or consolidate with or into any other Person, in a transaction in which it is not the surviving Person,
or sell, convey, transfer, lease or otherwise dispose of all or substantially all of its assets to any Person, unless (i) the
surviving or transferee Person is organized and existing under the laws of the United States or a State thereof or the District
of Columbia and such Person expressly assumes by supplemental indenture all the obligations of the Company under the Securities
and under this Indenture, (ii) immediately thereafter, giving effect to such merger or consolidation, or such sale, conveyance,
transfer or other disposition, no default or Event of Default shall have occurred and be continuing and (iii) the Company shall
have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that such merger, consolidation,
sale, conveyance, transfer, lease or other disposition complies with this Article 8 and that all conditions precedent herein
provided for relating to such transaction have been complied with.

Section
8.2              Successor
Substituted.

Upon
any consolidation of the Company with, or merger of the Company into, any other Person or any conveyance, transfer or lease of
all or substantially all of the properties and assets of the Company in accordance with Section 8.1, the successor Person
formed by such consolidation or into which the Company is merged or to which such sale, conveyance, transfer or lease is made
shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the
same effect as if such successor Person had been named as the Company herein, and thereafter, except in the case of a lease, the
predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities.

ARTICLE
9 

SUPPLEMENTAL INDENTURES 

Section
9.1              Supplemental
Indentures Without Consent of Holders.

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

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(1)              
to evidence the succession of another Person to the Company (or any guarantor of all or any
series of Securities), or successive successions, and the assumption by any such successor of the covenants and obligations of
the Company (or any such guarantor) herein and in the Securities in compliance with Article 8; or 

(2)              
to add to the covenants of the Company for the benefit of the Holders of any one or more
series of Securities (and if such covenants are to be for the benefit of less than all series of Securities, stating that such
covenants are expressly being included solely for the benefit of such series), to convey, transfer, assign, mortgage or pledge
any property to or with the Trustee or otherwise secure any series of the Securities, including provisions regarding the circumstances
under which collateral may be released or substituted, to surrender any right or power herein conferred upon the Company or to
comply with any requirement of the Commission or otherwise in connection with the qualification of this Indenture or any supplemental
indenture under the Trust Indenture Act; or

(3)              
to add any additional Events of Default for the benefit of the Holders of any one or more
series of Securities (and if such additional Events of Default are to be for the benefit of less than all series of Securities,
stating that such additional Events of Default are expressly being included solely for the benefit of such series); or

(4)              
to add to or change any of the provisions of this Indenture to such extent as shall be necessary
to permit or facilitate the issuance of Securities in bearer form, registrable or not registrable as to principal, and with or
without interest coupons, or to permit or facilitate the issuance of Securities in global form or uncertificated form; or

(5)              
to add to, change or eliminate any of the provisions of this Indenture in respect of one
or more series of Securities, provided that any such addition, change or elimination (A) shall neither (i) apply to any Outstanding
Security of any series created prior to the execution of such supplemental indenture and entitled to the benefit of such provision,
or (ii) modify the rights of any Holder of any Outstanding Security with respect to such provision, or (B) shall become
effective when there is no Security then Outstanding; or

(6)              
to add or provide for a guaranty or guarantees of the Securities or additional obligors on
the Securities; or

(7)              
to establish the form or terms of Securities of any series as permitted by Sections 2.1 and 3.1; or

(8)              
to evidence and provide for the acceptance of appointment hereunder by a successor Trustee
with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall
be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to the
requirements of Section 6.11; or

(9)              
to correct or supplement any provision herein which may be defective or inconsistent with
any other provision herein, to cure any ambiguity or omission, to correct any mistake, or to conform to any prospectus pursuant
to which Securities of any series were offered; or

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(10)          
to make any other provisions with respect to matters or questions arising under this Indenture,
provided such action shall not adversely affect the rights of any Holder of Securities of any series; or

(11)          
to make any change that does not adversely affect the rights of any Holder.

Section 9.2             
Supplemental Indentures with Consent of Holders.

With
the consent of the Holders of a majority in principal amount of the Outstanding Securities of each series affected by such supplemental
indenture (acting as one class), by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized
by a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding
any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or any indenture supplemental
hereto or of modifying in any manner the rights of the Holders of Securities of such series under this Indenture; provided, however,
that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected thereby,

(1)              
change the Stated Maturity of the principal of or any installment of principal of, or the
date fixed for payment of interest on or any sinking fund payment with respect to, any Security, or reduce the principal amount
thereof or the rate of interest thereon, any Additional Amounts with respect thereto or any premium payable upon the redemption
thereof, or change any obligation of the Company to pay Additional Amounts (except as contemplated by Section 8.1
and permitted by clause (1) of Section 9.1), or reduce the amount of the principal of an Original Issue
Discount Security or any other Security which would be due and payable upon a declaration of acceleration of the Maturity thereof
pursuant to Section 5.2, or change any Place of Payment where, or the coin or currency or currencies (including composite
currencies) in which any Security or any premium or interest thereon or Additional Amounts with respect thereto is payable, or
impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the
case of redemption, on or after the Redemption Date), or modify the provisions of this Indenture with respect to the subordination
of a Security in a manner adverse to the holder thereof, or

(2)              
reduce the percentage in principal amount of the Outstanding Securities of any series, the
consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any
waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences) provided
for in this Indenture, or

(3)              
modify any of the provisions of this Section 9.2, Section 5.13 or Section
10.8, except to increase any such percentage or to provide with respect to any particular series the right to condition the
effectiveness of any supplemental indenture as to that series on the consent of the Holders of a specified percentage of the aggregate
principal amount of Outstanding Securities of such series (which provision may be made pursuant to Section 3.1 without
the consent of any Holder) or to provide that certain other provisions of this Indenture cannot be modified or waived without
the consent of the Holder of each Outstanding Security affected thereby; provided, however, that this clause shall not be deemed
to require the consent of any Holder with respect to changes in the references to “the Trustee” and concomitant
changes in this Section 9.2 and Section 10.8, or the deletion of this proviso, in accordance with the requirements
of Sections 6.11 and 9.1(8).

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

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

Section
9.3              Execution
of Supplemental Indentures.

In
executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications
thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Sections 6.1
and 6.3) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental
indenture is authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental
indenture which affects the Trustee’s own rights, duties, immunities or liabilities under this Indenture or otherwise.

Section
9.4              Effect
of Supplemental Indentures.

Upon
the execution of any supplemental indenture under this Article 9, this Indenture shall be modified in accordance therewith,
and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore
or thereafter authenticated and delivered hereunder shall be bound thereby; provided that if such supplemental indenture makes
any of the changes described in clauses (1) through (3) of the first proviso to Section 9.2, such supplemental
indenture shall bind each Holder of a Security who has consented to it and every subsequent Holder of such Security or any part
thereof.

Section
9.5              Conformity
with Trust Indenture Act.

Every
supplemental indenture executed pursuant to this Article 9 shall conform to the requirements of the Trust Indenture Act.

Section
9.6              Reference
in Securities to Supplemental Indentures.

Securities
of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article 9
may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such
supplemental indenture. If the Company shall so determine, new Securities of any series so modified as to conform, in the opinion
of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated
and delivered by the Trustee in exchange for Outstanding Securities of such series.

    	55

    	 	

    

ARTICLE
10  

COVENANTS 

Section
10.1          Payment
of Principal, Premium and Interest.

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

Section
10.2          Maintenance
of Office or Agency.

The
Company will maintain in each Place of Payment for any series of Securities an office or agency where Securities of that series
may be presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or
exchange and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may
be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of any
such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish
the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate
Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders,
notices and demands. Unless otherwise provided in a supplemental indenture or pursuant to Section 3.1 hereof, the Place
of Payment for any series of Securities shall be the Corporate Trust Office of the Trustee.

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

Section
10.3          Money
for Securities Payments to be Held in Trust.

If
the Company, any Subsidiary or any of their respective Affiliates shall at any time act as Paying Agent with respect to any series
of Securities, such Paying Agent will, on or before each due date of the principal of or any premium or interest on, or any Additional
Amounts with respect to, any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled
thereto a sum sufficient to pay the principal and any premium and interest, or any Additional Amounts, so becoming due until such
sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action
or failure so to act.

Whenever
the Company shall have one or more Paying Agents for any series of Securities, it will, on or prior to each due date of the principal
of or any premium or interest on, or Additional Amounts with respect to, any Securities of that series, deposit with a Paying
Agent a sum sufficient to pay such amount, such sum to be held as provided by the Trust Indenture Act, and (unless such Paying
Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act.

    	56

    	 	

    

The
Company will cause each Paying Agent for any series of Securities other than the Trustee to execute and deliver to the Trustee
an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section 10.3,
that such Paying Agent will (1) comply with the provisions of the Trust Indenture Act applicable to it as a Paying Agent
and (2) during the continuance of any default by the Company (or any other obligor upon the Securities of that series) in
the making of any payment in respect of the Securities of that series, upon the written request of the Trustee, forthwith pay
to the Trustee all sums held in trust by such Paying Agent for payment in respect of the Securities of that series.

The
Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture, or with respect to one
or more series of Securities, or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee
all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those
upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee,
such Paying Agent shall be released from all further liability with respect to such money.

Any
money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of
or any premium or interest on, or any Additional Amounts with respect to, any Security of any series and remaining unclaimed for
a period ending on the earlier of the date that is ten Business Days prior to the date such money would escheat to the State or
two years after such principal, premium or interest or Additional Amount has become due and payable shall be paid to the Company
on Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall
thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or
such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease;
provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense
of the Company cause to be published once, in an Authorized Newspaper in The Borough of Manhattan, The City of New York and in
such other Authorized Newspapers as the Trustee shall deem appropriate, notice that such money remains unclaimed and that, after
a date specified herein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of
such money then remaining will, unless otherwise required by mandatory provisions of applicable escheat, or abandoned or unclaimed
property law, be repaid to the Company.

Section
10.4          Statement
by Officers as to Default.

At
any time at which there are Outstanding Securities of any series issued under this Indenture, the Company will deliver to the
Trustee, within 120 days after the end of each fiscal year of the Company ending after the date hereof, an Officers’ Certificate
complying with Section 314(a)(4) of the Trust Indenture Act and stating that a review of the activities of the Company
during such year and of performance under this Indenture has been made under the supervision of the signers thereof and stating
whether or not to the best knowledge of the signers thereof, based upon such review, the Company is in default in the performance
and observance of any of the terms, provisions and conditions of this Indenture (without regard to any period of grace or requirement
of notice provided hereunder) and, if the Company shall be in default, specifying all such defaults and the nature and status
thereof of which they may have knowledge. One of the officers signing the Officers’ Certificate delivered pursuant to this
Section 10.05 shall be the principal executive, financial or accounting officer of the Company.

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Section
10.5          Existence.

Subject
to Article 8, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect
its existence.

Section
10.6          All
Securities to be Equally and Ratably Secured.

Unless
specified otherwise by the Company pursuant to Section 3.1 with respect to any series, the Company will not itself secure
Securities of any one or more series with any Mortgage, without effectively providing that the Securities of every other series
shall be secured equally and ratably by such Mortgage.

Section
10.7          Maintenance
of Properties.

The
Company will cause all properties used or useful in the conduct of its business to be maintained and kept in good condition, repair
and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements,
betterments and improvements thereof, all as, and to the extent, in the judgment of the Company may be necessary or appropriate
in connection with its business; provided, however, that nothing in this Section shall prevent the Company from discontinuing
the operation or maintenance of any of such properties if such discontinuance is, in the judgment of the Company, desirable in
the conduct of its business and not disadvantageous in any material respect to the Holders.

Section
10.8          Payment
of Taxes and Other Claims.

The
Company will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (1) all taxes, assessments
and governmental charges levied or imposed upon the Company or upon the income, profits or property of the Company, and (2) all
lawful claims for labor, materials and supplies which, if unpaid, might by law become a lien upon the property of the Company;
provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax,
assessment, charge or claim (i) whose amount, applicability or validity is being contested in good faith by appropriate proceedings
or (ii) if the failure to pay or discharge would not have a material adverse effect on the assets, business, operations, properties
or financial condition of the Company and its Subsidiaries, taken as a whole.

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Section
10.9          Waiver
of Certain Covenants.

Except
as otherwise specified as contemplated by Section 3.1 for Securities of such series, the Company may, with respect to the
Securities of any series, omit in any particular instance to comply with any term, provision or condition set forth in any covenant
provided pursuant to Sections 3.1(22), 9.1(2), 8.1, 10.4, 10.5, 10.6, 10.7 or
10.8 for the benefit of the Holders of such series if before or after the time for such compliance the Holders of at least
a majority in principal amount of the Outstanding Securities of such series shall, by Act of such Holders, either waive such compliance
in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect
such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the
obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full
force and effect.

Section
10.10      Additional Amounts.

If
the Securities of a series expressly provide for the payment of Additional Amounts, the Company will pay to the Holder of any
Security of such series Additional Amounts as expressly provided therein. Whenever in this Indenture there is mentioned, in any
context, the payment of the principal of, or premium (if any) or interest on any Security of any series or the net proceeds received
from the sale or exchange of any Security of any series, such mention shall be deemed to include mention of the payment of Additional
Amounts provided for in this Section 10.10 to the extent that, in such context, Additional Amounts are, were or would
be payable in respect thereof pursuant to the provisions of this Section 10.10 and express mention of the payment
of Additional Amounts (if applicable) in any provisions hereof shall not be construed as excluding Additional Amounts in those
provisions hereof where such express mention is not made.

If
the Securities of a series provide for the payment of Additional Amounts, at least 10 days prior to the first Interest Payment
Date with respect to that series of Securities (or if the Securities of that series will not bear interest prior to Maturity,
the first day on which a payment of principal and any premium is made), and at least 10 days prior to each date of payment
of principal and any premium or interest if there has been any change with respect to the matters set forth in the below-mentioned
Officers’ Certificate, the Company shall furnish the Trustee and the Company’s principal Paying Agent or Paying Agents,
if other than the Trustee, with an Officers’ Certificate instructing the Trustee and such Paying Agent or Paying Agents
whether such payment of principal of and any premium or interest on the Securities of that series shall be made to Holders of
Securities of that series who are United States Aliens without withholding for or on account of any tax, assessment or other governmental
charge described in the Securities of that series. If any such withholding shall be required, then such Officers’ Certificate
shall specify by country the amount, if any, required to be withheld on such payments to such Holders of Securities and the Company
will pay to such Paying Agent the Additional Amounts required by this Section 10.10. The Company covenants to indemnify
the Trustee and any Paying Agent for, and to hold them harmless against any loss, liability or expense reasonably incurred without
negligence, willful misconduct or bad faith on their part arising out of or in connection with actions taken or omitted by any
of them in reliance on any Officers’ Certificate furnished pursuant to this Section 10.10.

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ARTICLE
11 

REDEMPTION OF SECURITIES 

Section
11.1          Applicability
of Article.

Securities
of any series that are redeemable in whole or in part before their Stated Maturity shall be redeemable in accordance with their
terms and (except as otherwise specified as contemplated by Section 3.1 for such Securities) in accordance with this Article
11.

Section
11.2          Election
to Redeem; Notice to Trustee.

The
election of the Company to redeem any Securities shall be evidenced by a Board Resolution or in another manner specified as contemplated
by Section 3.1 for such Securities. In case of any redemption at the election of the Company of less than all the Securities
of any series (including any such redemption affecting only a single Security), the Company shall, at least 45 days prior to the
Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such
Redemption Date, of the principal amount of Securities of such series to be redeemed and, if applicable, of the tenor of the Securities
to be redeemed. In the case of any redemption of Securities (i) prior to the expiration of any restriction on such redemption
provided in the terms of such Securities or elsewhere in this Indenture or (ii) pursuant to an election of the Company which
is subject to a condition specified in the terms of such Securities, the Company shall furnish the Trustee with an Officers’
Certificate evidencing compliance with such restriction or condition.

Section
11.3          Selection
by Trustee of Securities to Be Redeemed.

If
less than all the Securities of any series are to be redeemed (unless all the Securities of such series and of a specified tenor
are to be redeemed or unless such redemption affects only a single Security), the particular Securities to be redeemed shall be
selected not more than 45 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series not
previously called for redemption, on a pro-rata basis, or in the Trustee’s discretion, by lot, or by such other method as
the Trustee shall deem fair and appropriate, provided that the unredeemed portion of the principal amount of any Security shall
be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such Security.

If
any Security selected for partial redemption is converted in part before termination of the conversion 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.

The
Trustee shall promptly notify the Company and the Security Registrar in writing of the Securities selected for redemption as aforesaid
and, in case of any Securities selected for partial redemption as aforesaid, the principal amount thereof to be redeemed.

For
all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities
shall relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of
such Securities which has been or is to be redeemed.

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Section
11.4          Notice
of Redemption.

Notice
of redemption shall be given by first-class mail, postage prepaid, mailed not fewer than 30 nor more than 90 days prior to the
Redemption Date, unless a shorter period is specified in the Securities to be redeemed, to each Holder of Securities to be redeemed,
at its address appearing in the Security Register.

All
notices of redemption shall state:

(1)              
the Redemption Date,

(2)              
the Redemption Price (including accrued interest, if any, to be paid),

(3)              
if less than all the Outstanding Securities of any series consisting of more than a single
Security are to be redeemed, the identification (and, in the case of partial redemption of any such Securities, the principal
amounts) of the particular Securities to be redeemed and, if less than all the Outstanding Securities of any series consisting
of a single Security are to be redeemed, the principal amount of the particular Security to be redeemed,

(4)              
in case any Security is to be redeemed in part only, that on and after the Redemption Date,
upon surrender of such Security, the Holder of such Security will receive, without charge, a new Security or Securities of authorized
denominations for the principal amount thereof remaining unredeemed;

(5)              
that on the Redemption Date the Redemption Price will become due and payable upon each such
Security to be redeemed and, if applicable, that interest thereon will cease to accrue on and after said date,

(6)              
the place or places where each such Security is to be surrendered for payment of the Redemption
Price,

(7)              
if applicable, the conversion price, the date on which the right to convert the principal
of the Securities or the portions thereof to be redeemed will terminate, and the place or places where such Securities may be
surrendered for conversion,

(8)              
that the redemption is for a sinking fund, if such is the case, and

(9)              
the CUSIP number or numbers and/or common codes of the Security being redeemed.

Notice
of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company’s
request, by the Trustee in the name and at the expense of the Company, provided that the Company shall have prepared and provided
to the Trustee the form of such notice, or, if acceptable to the Trustee, provided sufficient information to enable the Trustee
to prepare such notice, in each case on a timely basis.

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Section
11.5          Deposit
of Redemption Price.

On
or prior to any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting
as its own Paying Agent, segregate and hold in trust as provided in Section 10.3) an amount of money sufficient to pay
the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the Securities
which are to be redeemed on that date.

If
any Security called for redemption is converted, any money deposited with the Trustee or with a Paying Agent or so segregated
and held in trust for the redemption of such Security shall (subject to any right of any Holder of such Security to receive interest
thereon) be paid to the Company on Company Request, or if then held by the Company, shall be discharged from such trust.

Section
11.6          Securities
Payable on Redemption Date.

Notice
of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable
at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the
Redemption Price and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such Security for redemption
in accordance with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest
(and any Additional Amounts) to the Redemption Date; provided, however, that, unless otherwise specified as contemplated by Section
3.1, installments of interest whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders of
such Securities, or one or more Predecessor Securities, registered as such at the close of business on the relevant Record Dates
according to their terms and the provisions of Section 3.7.

If
any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall,
until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security or, in the case of Original
Issue Discount Securities, the Securities’ Yield to Maturity.

Section
11.7          Securities
Redeemed in Part.

Any
Security which is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company or the
Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee
duly executed by, the Holder thereof or its attorney duly authorized in writing), and the Company shall execute, and the Trustee
shall authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of the same
series and Stated Maturity and of like tenor, of any authorized denomination as requested by such Holder, in aggregate principal
amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered.

Unless
otherwise specified as contemplated by Section 3.1, the Company and any Affiliate of the Company may at any time purchase
or otherwise acquire Securities in the open market or by private agreement. Such acquisition shall not operate as or be deemed
for any purpose to be a redemption of the indebtedness represented by such Securities. Any Securities purchased or acquired by
the Company may be delivered to the Trustee and, upon such delivery, the indebtedness represented thereby shall be deemed to be
satisfied. Section 3. 9 shall apply to all Securities so delivered.

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ARTICLE
12 

SINKING FUNDS

Section
12.1          Applicability
of Article.

The
provisions of this Article 12 shall be applicable to any sinking fund for the retirement of Securities of any series except
as otherwise specified as contemplated by Section 3.1 for such Securities.

The
minimum amount of any sinking fund payment provided for by the terms of any Securities is herein referred to as a “mandatory
sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of such Securities
is herein referred to as an “optional sinking fund payment.” Unless otherwise provided for by the terms of
any Securities, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 12.2. Each
sinking fund payment shall be applied to the redemption of Securities as provided for by the terms of such Securities.

Section
12.2          Satisfaction
of Sinking Fund Payments with Securities.

The
Company (1) may deliver Outstanding Securities of a series (other than any previously called for redemption) and (2) may apply
as a credit Securities of a series which have been redeemed either at the election of the Company pursuant to the terms of such
Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in
each case in satisfaction of all or any part of any sinking fund payment with respect to any Securities of such series required
to be made pursuant to the terms of such Securities as and to the extent provided for by the terms of such Securities; provided
that the Securities to be so credited have not been previously so credited. The Securities to be so credited shall be received
and credited for such purpose by the Trustee at the Redemption Price, as specified in the Securities so to be redeemed, for redemption
through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Section
12.3          Redemption
of Securities for Sinking Fund.

Not
fewer than 45 days prior (unless a shorter period shall be satisfactory to the Trustee) to each sinking fund payment date for
any Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing
sinking fund payment for such Securities pursuant to the terms of such Securities, the portion thereof, if any, which is to be
satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Securities
pursuant to Section 12.2 and will also deliver to the Trustee any Securities to be so delivered. Not fewer than 30 days
prior to each such sinking fund payment date, the Trustee shall select the Securities to be redeemed upon such sinking fund payment
date in the manner specified in Section 11.3 and cause notice of the redemption thereof to be given in the name of and
at the expense of the Company in the manner provided in Section 11.4. Such notice having been duly given, the redemption
of such Securities shall be made upon the terms and in the manner stated in Sections 11.6 and 11.7.

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ARTICLE 13 

DEFEASANCE AND COVENANT DEFEASANCE 

Section
13.1          Company’s
Option to Effect Defeasance or Covenant Defeasance.

The
Company may elect, at its option at any time, to have Section 13.2 or Section 13.3 applied to any Securities or
any series of Securities, as the case may be, designated pursuant to Section 3.1 as being defeasible pursuant to such Section
13.2 or 13.3, in accordance with any applicable requirements provided pursuant to Section 3.1 and upon compliance
with the conditions set forth below in this Article 13. Any such election shall be evidenced by a Board Resolution or in
another manner specified as contemplated by Section 3.1 for such Securities.

Section
13.2          Defeasance
and Discharge.

Upon
the Company’s exercise of its option (if any) to have this Section applied to any Securities or any series of Securities,
as the case may be, the Company and any applicable Guarantor shall be deemed to have been discharged from its obligations with
respect to such Securities as provided in this Section on and after the date the conditions set forth in Section 13.4 are
satisfied (hereinafter called “Defeasance”). For this purpose, such Defeasance means that the Company or any
Guarantor shall be deemed to have paid and discharged the entire indebtedness represented by such Securities and to have satisfied
all its other obligations under such Securities and this Indenture and any related Guarantee insofar as such Securities are concerned
(and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), subject to the following
which shall survive until otherwise terminated or discharged hereunder:

(1)              
the rights of Holders of such Securities to receive, solely from the trust fund described
in Section 13.4 and as more fully set forth in such Section, payments in respect of the principal of and any premium and
interest on, or any Additional Amounts with respect to, such Securities when payments are due,

(2)              
the Company’s obligations with respect to such Securities under Sections 3.4, 3.5,
3.6, 10.2 and 10.3,

(3)              
the rights, powers, trusts, duties and immunities of the Trustee hereunder, and

(4)              
this Article 13.

Subject
to compliance with this Article 13, the Company may exercise its option (if any) to have this Section applied to any Securities
notwithstanding the prior exercise of its option (if any) to have Section 13.3 applied to such Securities.

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Section
13.3          Covenant
Defeasance.

Upon
the Company’s exercise of its option (if any) to have this Section 13.3 applied to any Securities or any series of
Securities, as the case may be,

(1)              
the Company or any Guarantors shall be released from their obligations under Sections
8.1, 10.4, 10.5. 10.6, 10.7 or 10.8 and any covenants provided pursuant to Sections
3.1(22) or 9.1(2) for the benefit of the Holders of such Securities and

(2)              
the occurrence of any event specified in Section 5.1(4) (with respect to any of Sections
8.1, 10.4, 10.5. 10.6, 10.7 or 10.8 and any such covenants provided pursuant to Sections
3.1(22) or 9.1(2)) and the occurrence of any other Event of Default specified pursuant to Section 3.1 or Section
9.1(3) shall be deemed not to be or result in an Event of Default, in each case with respect to such Securities or any series
of Securities as provided in this Section 13.3 on and after the date the conditions set forth in Section 13.4 are
satisfied (hereinafter called “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that,
with respect to such Securities, the Company and any Guarantors may omit to comply with and shall have no liability in respect
of any term, condition or limitation set forth in any such specified Section or such other covenant (to the extent so specified
in the case of Section 5.1(4) and the occurrence of any Event of Default specified pursuant to Section 3.1 or Section
9.1(3)), whether directly or indirectly by reason of any reference elsewhere herein to any such Section or such other covenant
or by reason of any reference in any such Section or such other covenant to any other provision herein or in any other document,
but the remainder of this Indenture and such Securities shall be unaffected thereby.

Section
13.4          Conditions
to Defeasance or Covenant Defeasance.

The
following shall be the conditions to the application of Section 13.2 or Section 13.3 to any Securities or any series
of Securities, as the case may be:

(1)              
The Company or any Guarantor shall have deposited or caused to be deposited irrevocably with
the Trustee (or another trustee which satisfies the requirements contemplated by Section 6.9 and agrees to comply with
the provisions of this Article 13 applicable to it) as trust funds in trust for the purpose of making the following payments,
specifically pledged as security for, and dedicated solely to, the benefits of the Holders of such Securities,

(A)             
in the case of Securities of a series denominated in currency of the United States of America,

(i)                 
cash in currency of the United States of America in an amount, or

(ii)               
U.S. Government Obligations which through the scheduled payment of principal and interest
in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment, an
amount in cash, or

(iii)              
a combination thereof, or

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(B)             
in the case of Securities of a series denominated in currency other than that of the United
States of America,

(i)                 
cash in the currency in which such series of Securities is denominated in an amount, or

(ii)               
Foreign Government Obligations which through the scheduled payment of principal and interest
in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment, an
amount in cash, or

(iii)              
a combination thereof,

in
each case sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or any such other
qualifying trustee) to pay and discharge, the principal of and any premium and interest on such Securities on the respective Stated
Maturities, in accordance with the terms of this Indenture and such Securities.

(2)              
For Securities denominated in United States dollars, in the event of an election to have
Section 13.2 apply to any Securities or any series of Securities, as the case may be, the Company shall have delivered
to the Trustee an Opinion of Counsel stating that

(A)             
the Company has received from, or there has been published by, the Internal Revenue Service
a ruling or

(B)             
since the date of this instrument, there has been a change in the applicable Federal income
tax law, in either case clause (A) or (B) to the effect that, and based thereon such opinion shall confirm
that, the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit,
Defeasance and discharge to be effected with respect to such Securities and will be subject to Federal income tax on the same
amount, in the same manner and at the same times as would be the case if such deposit, Defeasance and discharge were not to occur.

(3)              
For Securities denominated in United States dollars, in the event of an election to have
Section 13.3 apply to any Securities or any series of Securities, as the case may be, the Company shall have delivered
to the Trustee an Opinion of Counsel to the effect that the Holders of such Securities will not recognize gain or loss for Federal
income tax purposes as a result of the deposit and Covenant Defeasance to be effected with respect to such Securities and will
be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit
and Covenant Defeasance were not to occur.

(4)              
The Company shall have delivered to the Trustee an Officers’ Certificate to the effect
that neither such Securities nor any other Securities of the same series, if then listed on any securities exchange, will be delisted
as a result of such deposit.

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(5)              
No event which is, or after notice or lapse of time or both would become, an Event of Default
with respect to such Securities or any other Securities shall have occurred and be continuing at the time of such deposit or,
with regard to any such event specified in Sections 5.1(5) and (6), at any time on or prior to the 90th day after
the date of such deposit (it being understood that this condition shall not be deemed satisfied until after such 90th day).

(6)              
Such Defeasance or Covenant Defeasance shall not cause the Trustee to have a conflicting
interest within the meaning of the Trust Indenture Act (assuming all Securities are in default within the meaning of such Act).

(7)              
Such Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute
a default under, this Indenture or any other agreement or instrument to which the Company or any Guarantor is a party or by which
it is bound.

(8)              
Such Defeasance or Covenant Defeasance shall not result in the trust arising from such deposit
constituting an investment company within the meaning of the Investment Company Act unless such trust shall be registered under
such Act or exempt from registration thereunder.

(9)              
The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion
of Counsel, each stating that all conditions precedent with respect to such Defeasance or Covenant Defeasance have been complied
with.

Section
13.5          Deposited
Money, U. S. Government Obligations and Foreign Government Obligations to be Held in Trust; Miscellaneous Provisions.

Subject
to the provisions of the last paragraph of Section 10.3, all money, U.S. Government Obligations and Foreign Government
Obligations (including the proceeds thereof) deposited with the Trustee or other qualifying trustee (solely for purposes of this
Section 13.5 and Section 13.6, the Trustee and any such other trustee are referred to collectively as the “Trustee”)
pursuant to Section 13.4 in respect of any Securities shall be held in trust and applied by the Trustee, in accordance
with the provisions of such Securities and this Indenture, to the payment, either directly or through any such Paying Agent (including
the Company acting as its own Paying Agent) as the Trustee may determine, to the Holders of such Securities, of all sums due and
to become due thereon in respect of principal and any premium and interest, but money so held in trust need not be segregated
from other funds except to the extent required by law. The Company shall pay and indemnify the Trustee against any tax, fee or
other charge imposed on or assessed against the U.S. Government Obligations or Foreign Government Obligations deposited pursuant
to Section 13.4 or the principal and interest received in respect thereof other than any such tax, fee or other charge
which by law is for the account of the Holders of Outstanding Securities. Anything in this Article 13 to the contrary notwithstanding,
the Trustee shall deliver or pay to the Company from time to time upon Company Request any money, U.S. Government Obligations
or Foreign Government Obligations held by it as provided in Section 13.4 with respect to any Securities which, in the opinion
of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the
Trustee, are in excess of the amount thereof which would then be required to be deposited to effect the Defeasance or Covenant
Defeasance, as the case may be, with respect to such Securities.

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Section
13.6          Reinstatement.

If
the Trustee or the Paying Agent is unable to apply any money in accordance with this Article 13 with respect to any Securities
by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such
application, then the obligations under this Indenture and such Securities and any related Guarantee from which the Company and
any Guarantor have been discharged or released pursuant to Section 13.2 or 13.3 shall be revived and reinstated
as though no deposit had occurred pursuant to this Article 13 with respect to such Securities and any related Guarantee,
until such time as the Trustee or Paying Agent is permitted to apply all money held in trust pursuant to Section 13.5 with
respect to such Securities in accordance with this Article 13; provided, however, that if the Company makes any payment
of principal of or any premium or interest on any such Security following such reinstatement of its obligations, the Company shall
be subrogated to the rights (if any) of the Holders of such Securities to receive such payment from the money so held in trust.

ARTICLE
14

SUBORDINATION

Section
14.1          Securities
Subordinated to Senior Indebtedness.

The
Company and each Holder of a Security, by his acceptance thereof, agree that (a) the payment of the principal of, premium
(if any) and interest on and any Additional Amounts with respect to each and all the Securities and (b) any other payment
in respect of the Securities, including on account of the acquisition or redemption of Securities by the Company, is subordinated,
to the extent and in the manner provided in such Security or in the supplemental indenture pursuant to which such Security is
issued, to the prior payment in full of all Senior Indebtedness specified in such Security or in such supplemental indenture.

Such
subordination provisions shall constitute a continuing offer to all Persons who, in reliance upon such provisions, become holders
of, or continue to hold, any of such Senior Indebtedness, and such provisions are made for the benefit of the holders of such
Senior Indebtedness and any one or more of them may enforce such provisions.

Section
14.2          Right
of Trustee to Hold Senior Indebtedness.

The
Trustee in its individual capacity shall be entitled to all of the rights set forth in this Article 14 in respect
of any Senior Indebtedness at any time held by it to the same extent as any other holder of Senior Indebtedness, and nothing in
this Indenture shall be construed to deprive the Trustee of any of its rights as such holder.

Section
14.3          Subordination
Not to Prevent Events of Default.

The
failure to make a payment on account of principal of, premium (if any) or interest on the Securities by reason of any subordination
provision for the benefit of holders of Senior Indebtedness shall not be construed as preventing the occurrence of a Default or
an Event of Default under Section 5.1 or in any way prevent the Holders of the Securities from exercising any right
hereunder other than the right to receive payment on the Securities.

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Section
14.4          No
Fiduciary Duty of Trustee to Holders of Senior Indebtedness.

The
Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness, and shall not be liable to any such
holders (other than for its willful misconduct or negligence) if it shall in good faith mistakenly pay over or distribute to the
Holders of the Securities or the Company or any other Person, cash, property or securities to which any holders of Senior Indebtedness
shall be entitled by virtue of this Article 14 or otherwise. Nothing in this Section 14.4 shall affect
the obligation of any other such Person to hold such payment for the benefit of, and to pay such payment over to, the holders
of Senior Indebtedness or their representative.

Section
14.5          Article Applicable
to Paying Agent.

In
case at any time any Payment Agent other than the Trustee shall have been appointed by the Company and be then acting hereunder,
the term “Trustee” as used in this Article 14 shall in such case (unless the context shall otherwise
require) be construed as extending to and including such Payment Agent within its meaning as fully for all intents and purposes
as if such Paying Agent were named in this Article 14 in addition to or in place of the Trustee; provided, however, that
this Section 14.5 shall not apply to the Company or any Affiliate of the Company if it or such Affiliate acts as Paying
Agent.

ARTICLE
15 

GUARANTEES

Section
15.1          Guarantee.

Any
series of Securities may be guaranteed by one or more of the Guarantors. The terms and the form of any such Guarantee will be
established in the manner contemplated by Section 3.1 for that particular series of Securities.

[signature page
follows]

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

	 	 	FOREST OIL CORPORATION	 
	 	 	 	 
	 	 	By:	 	 
	 	 	 	 	 
	 	 	Title:	 	 
	 	 	 	 	 
	 	 	[TRUSTEE]	 
	 	 	 	 
	 	 	By:	 	 
	 	 	 	 	 
	 	 	Title:	 	 

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SCHEDULE 1

Guarantors:

 

Forest Oil Permian Corporation

 

71

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