Document:

Employment Agreement, dated as of April 23, 2007

 EXHIBIT 10 (e) 
 EMPLOYMENT AGREEMENT 
 THIS AGREEMENT (the “Agreement”), made in Greenwich, Connecticut as
of April 23, 2007, between United Rentals, Inc., a Delaware corporation (the “Company”), and Kurtis T. Barker (“Executive”). 
 WHEREAS, Executive has been employed by the Company; 
 WHEREAS, the Company desires to employ Executive as
its Executive Vice President, Corporate Services, and Executive desires to accept such continued employment on the terms and conditions hereinafter set forth; 
 NOW, THEREFORE, IN CONSIDERATION of the mutual covenants and agreements hereinafter set forth, the Company and Executive agree as follows: 
 1. At Will Employment. 
 Executive will be employed by the Company at will, which means that either
the Executive or the Company may terminate the employment relationship at any time and for any reason or no reason. Notwithstanding the foregoing, following the termination of Executive’s employment, Executive shall be entitled to the
compensation and benefits provided for in Section 4 of this Agreement, as applicable depending on the circumstances of such termination. 
 2. Employment. 
 (a) Employment by the Company. Executive agrees to be employed by the Company upon the terms and
subject to the conditions set forth in this Agreement. Executive shall serve as Executive Vice President, Corporate Services of the Company and shall report to the Chief Executive Officer of the Company and/or the President of the Company, as
determined by the Company. 
 (b) Performance of Duties. During his employment, Executive shall faithfully and diligently perform
Executive’s duties in conformity with the directions of the Company and serve the Company to the best of Executive’s ability. Executive shall devote his full business time and best efforts to the business and affairs of the Company. In his
capacity as Executive Vice President, Corporate Services, Executive shall have such duties and responsibilities as he may be assigned by the Chief Executive Officer of the Company and/or the President of the Company. 
 (c) Place of Performance. Executive shall be based at the Company’s offices in Greenwich, Connecticut. Executive recognizes that his
duties will require, at the Company’s expense, travel to domestic and international locations. 
  

 3. Compensation and Benefits. 
 (a) Base Salary. The Company agrees to pay to Executive a base salary (“Base Salary”) at the annual rate of $375,000. Upon
recommendation of the Chief Executive Officer, the Compensation Committee of the Board of Directors of the Company may determine in its sole discretion to increase, but not decrease, the Base Salary. Payments of the Base Salary shall be payable in
equal installments in accordance with the Company’s standard payroll practices. 
 (b) 2007 Bonus. Executive shall be eligible
to receive a discretionary bonus for 2007 in accordance with this Section 3(b) (the “2007 Bonus”). The 2007 Bonus shall be a performance-based bonus with a target bonus of 90% of the base salary paid to Executive during 2007 and a
maximum bonus equal to 125% of the base salary paid to Executive during 2007. Performance goals for the 2007 Bonus shall be established by the Chief Executive Officer in his sole discretion. The 2007 Bonus shall be paid on the date that bonuses for
2007 are paid generally to employees of the Company in the sole discretion of the Company (such date, the “2007 Bonus Payment Date”). Notwithstanding anything in the foregoing to the contrary, Executive must be employed by the Company on
the 2007 Bonus Payment Date to be eligible for the 2007 Bonus (or any portion thereof). 
 (c) Annual Incentive Bonus Plan. With
respect to each year after 2007, Executive shall be eligible to receive an annual cash incentive bonus (the “Annual Bonus”) pursuant to the terms of the United Rentals, Inc. Annual Incentive Compensation Plan, as it may be amended from
time to time (the “Annual Incentive Plan”). The Target Allocation (as defined in the Annual Incentive Plan) shall be 90% of Base Salary. The maximum incentive opportunity shall be 125% of Base Salary. Executive has been determined by the
Committee (as defined in the Annual Incentive Plan) to be a Covered Employee (as defined in the Annual Incentive Plan) under the Annual Incentive Plan, and Executive’s Performance Goals (as defined in the Annual Incentive Plan) shall be
determined by the Committee (as defined in the Annual Incentive Plan) in accordance with Section 2.11.1 and Article V of the Annual Incentive Plan. The Annual Bonus shall be paid to Executive at such times and in such amounts as provided in the
Annual Incentive Plan. 
 (d) Restricted Stock Units. Executive shall receive an aggregate grant of 50,000 restricted stock units
(25,000 to vest over time and 25,000 to vest upon the achievement of certain performance objectives), in accordance with and subject to the provisions of the United Rentals, Inc. 2001 Comprehensive Stock Plan, as it may be amended from time to time,
and a 2001 Comprehensive Stock Plan Restricted Stock Unit Agreement in substantially the form attached hereto as Exhibit A (the “RSU Agreement”). 
 (e) Benefits and Perquisites. Executive shall be entitled to participate in, to the extent Executive is otherwise eligible under the terms thereof, the benefit plans and programs, and receive the benefits and
perquisites, generally provided by the Company to executives of the Company, including without limitation family medical insurance (subject to applicable employee contributions). Executive shall be entitled to 20 vacation days per year, such days to
be accrued in accordance with Company policy. 
  

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 (f) Business Expenses. The Company agrees to reimburse Executive for all reasonable and necessary
travel, business entertainment and other business expenses incurred by Executive in connection with the performance of his duties under this Agreement in accordance with, and subject to, the Company’s standard policies. Such reimbursements
shall be made by the Company on a timely basis upon submission by Executive of vouchers in accordance with the Company’s standard procedures. 
 (g) Indemnification. The Company shall indemnify Executive in accordance with, and subject to, the terms of an indemnification agreement in the form attached hereto as Exhibit B (the “Indemnification Agreement”).
Notwithstanding anything in this Agreement to the contrary, the rights and obligations of the parties with respect to indemnification (including dispute resolution, governing law and notice) shall be governed by the Indemnification Agreement.

 (h) No Other Compensation or Benefits; Payment. The compensation and benefits specified in this Section 3 and in
Section 4 of this Agreement shall be in lieu of any and all other compensation and benefits. Payment of all compensation and benefits to Executive specified in this Section 3 and in Section 4 of this Agreement (i) shall be made
in accordance with the relevant Company policies in effect from time to time to the extent the same are consistently applied, including normal payroll practices, and (ii) shall be subject to all legally required and customary withholdings.

 (i) Cessation of Employment. In the event Executive shall cease to be employed by the Company for any reason, then
Executive’s compensation and benefits shall cease on the date of such event, except as otherwise specifically provided herein or in any applicable employee benefit plan or program or as required by law. 
 4. Compensation Following Termination. Executive shall be entitled only to the following compensation and benefits upon termination of employment:

 (a) General. On any termination of Executive’s employment, he shall be entitled to: 
  

	 	(i)	any accrued but unpaid Base Salary for services rendered through the date of termination; 

  

	 	(ii)	any vacation accrued to the date of termination; 

  

	 	(iii)	any accrued but unpaid expenses required to be reimbursed in accordance with Section 3(f) of this Agreement; 

  

	 	(iv)	receive any benefits to which he may be entitled upon termination pursuant to the plans and programs referred to in Section 3(e) hereof or as may be required by applicable law;
and 

  

	 	(v)	receive any amounts or benefits to which he may be entitled upon termination pursuant to the plans and agreement referred to in Sections 3(c) and 3(d) hereof in accordance with the
terms of such plans and agreement. 

  

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 (b) Termination by Reason of Death or Disability; Termination by the Company for Cause; Termination
by Executive Without Good Reason. In the event that Executive’s employment is terminated (i) by reason of Executive’s death or Disability (as defined below); (ii) by the Company for Cause (as defined below) or (iii) by
Executive without Good Reason (as defined below), Executive (or his estate, as the case may be) shall be entitled only to those items identified in Section 4(a). 
 (c) Termination by the Company Without Cause; Termination by Executive for Good Reason. In the event that Executive’s employment is terminated (i) by the Company without Cause or (ii) by
Executive for Good Reason, Executive shall be entitled only to the following: 
  

	 	(i)	those items identified in Section 4(a); and 

  

	 	(ii)	the payment of 190% of Executive’s Base Salary (as determined pursuant to Section 3(a)) payable over two years in accordance with the Company’s normal payroll
practices (the “Severance Pay”) (such percentage equal to 100% of Executive’s Base Salary, plus the Target Allocation). The Severance Pay shall be paid at the times Executive’s Base Salary would have been paid had
Executive’s employment not terminated; provided, however, that if necessary to comply with Section 409A(a)(2)(B)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), and applicable administrative guidance and
regulations, the payment of such sums shall be made as follows: (A) no payments shall be made for a six-month period following the date of termination, (B) an amount equal to six months of Severance Pay shall be paid in a lump sum six
months following the date of termination, and (C) during the period beginning six months following the date of termination through the remainder of the two-year period, payment of the Severance Pay shall be made at the times Executive’s
Base Salary would have been paid had Executive’s employment not terminated. 

  

	 	(iii)	 if Executive timely elects COBRA continuation coverage, the Company shall provide such COBRA continuation coverage with respect to the level of coverage Executive
maintained on the date of termination at no cost to Executive through the COBRA Payment End Date (as defined below). The “COBRA Payment End Date” shall be the earlier of (A) one year following the date of termination 

  

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and (B) the date Executive becomes employed by a third party and is eligible for coverage under the group benefits plan of the new employer. If during
the period Executive is receiving this benefit, Executive obtains new employment and becomes eligible for coverage under the group benefits plan of the new employer, Executive must promptly notify the Company in writing of such eligibility.

 (d) Definitions of Cause, Good Reason and Disability. 
 (i) For purposes of this Agreement, the term “Cause” shall mean any of the following: (A) Executive has misappropriated any funds or
property of the Company or its affiliates, or has willfully or negligently destroyed property of the Company or its affiliates; (B) Executive has been convicted of any crime that impairs the Executive’s ability to perform his duties and
responsibilities with the Company, or that causes or may, in the determination of the Company, cause damage to the Company or its affiliates or their operations or reputation, or that involves fraud, embezzlement or moral turpitude;
(C) Executive has (1) obtained personal profit from any transaction of or involving the Company or an affiliate of the Company (or engaged in any activity with the intent of obtaining such a personal profit) without the prior written
approval of the Company or (2) engaged in any other conduct which constitutes a breach of fiduciary duty or the duty of loyalty to the Company or its affiliates and which, in the determination of the Company, has resulted or may result in
damage to the Company or its affiliates; (D) Executive’s material failure to perform his duties with the Company (other than as a result of total or partial incapacity due to physical or mental illness), as determined by the Company;
(E) Executive has engaged in on-the-job conduct that falls below the standards the Company may reasonably expect; (F) Executive’s use of alcohol or drugs has interfered with his ability to perform his duties and responsibilities with
the Company, as determined by the Company; (G) Executive has knowingly made any untrue statement or omission to the Company or an affiliate of the Company, including, without limitation, on Executive’s application for employment with the
Company, regardless of when discovered; (H) Executive has falsified Company records (or those of one of its affiliates); (I) Executive has committed any act intended to damage the reputation of the Company or an affiliate of the Company or
which in fact, damages the reputation of the Company or an affiliate, as determined by the Company; (J) Executive (1) has violated the Company’s material policies or rules (including, but not limited to, the Company’s equal
employment opportunity policies) or (2) is guilty of gross negligence or willful misconduct in the performance of his duties with the Company; or (K) Executive has breached a covenant set forth in Section 5 or otherwise violated any
confidentiality, non-competition or non-solicitation prohibitions imposed on Executive under common law or under the terms of any agreement with the Company; provided, however, that, if susceptible of cure, a termination by the Company under
Sections 4(d)(i)(D) or 4(d)(i)(E) shall be effective only if, within 30 days following delivery of a written notice by the Company to Executive that the Company is terminating his employment for Cause, Executive has failed to cure the circumstances
giving rise to Cause. 
 (ii) For purposes of this Agreement, the term “Good Reason” shall mean any of the following:
(A) demotion from the position of Executive Vice President, Corporate Services; (B) the Company decreases or fails to pay the compensation described in 

  

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Sections 3(a), 3(b) and 3(c) of this Agreement (in accordance with, and subject to, such provisions); (C) a material breach of this Agreement by the
Company (except as qualified by Section 4(d)(ii)(E) below); (D) Executive’s job site is relocated to a location which is more than fifty (50) miles from Greenwich, Connecticut, unless the parties mutually agree to such
relocation; or (E) material diminution of Executive’s duties or responsibilities (it being understood by the parties that a simultaneous increase and decrease of Executive’s duties and responsibilities consented to by the parties,
such consent not to be unreasonably withheld, shall not constitute Good Reason); provided, however, that a termination by Executive for Good Reason under any of clauses (A) – (E) of this Section 4(d)(ii) shall be effective only
if, within 30 days following delivery of a written notice by Executive to the Company that Executive is terminating his employment for Good Reason, the Company has failed to cure the circumstances giving rise to Good Reason. 
 (iii) For purposes of this Agreement, a “Disability” shall occur in the event Executive is unable to perform the duties and responsibilities
contemplated under this Agreement for a period of either (A) 90 consecutive days or (B) 6 months in any 12-month period due to physical or mental incapacity or impairment. During any period that Executive fails to perform Executive’s
duties hereunder as a result of incapacity or impairment due to physical or mental illness (the “Disability Period”), Executive shall continue to receive the compensation and benefits provided by Section 3 of this Agreement until
Executive’s employment hereunder is terminated; provided, however, that the amount of base compensation and benefits received by Executive during the Disability Period shall be reduced by the aggregate amounts, if any, payable to Executive
under any disability benefit plan or program provided to Executive by the Company. 
 (e) Effect of Material Breach of Section 5 on
Compensation Following Termination of Employment Pursuant to Sections 4(c)(ii) and 4(c)(iii). If, at the time of termination of Executive’s employment or any time thereafter, Executive is in material breach of any covenant contained in
Section 5 hereof, Executive shall not be entitled to any payments or benefits (or if payments or benefits have commenced, any continued payment or benefits) under Sections 4(c)(ii) or 4(c)(iii). 
 (f) No Further Liability; Release. Other than providing the compensation and benefits provided for in accordance with this Section 4, the
Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives shall have no further obligation or liability to Executive or any other person under this Agreement. The payment
of any amounts pursuant to this Section 4 (other than payments required by law) is expressly conditioned upon the delivery by Executive to the Company of a release in form and substance reasonably satisfactory to the Company of any and all
claims Executive may have against the Company and its directors, officers, employees, subsidiaries, affiliates, stockholders, successors, assigns, agents and representatives arising out of or related to Executive’s employment by the Company and
the termination of such employment. 
  

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 5. Exclusive Employment; Noncompetition; Nonsolicitation; Nondisclosure of Proprietary Information;
Surrender of Records; Inventions and Patents. 
 5.1 No Conflict; No Other Employment. During the period of Executive’s
employment with the Company, Executive shall not: (i) engage in any activity which conflicts or interferes with or derogates from the performance of Executive’s duties hereunder nor shall Executive engage in any other business activity,
whether or not such business activity is pursued for gain or profit, except as approved in advance in writing by the Company; provided, however, that Executive shall be entitled to manage his personal investments and otherwise attend to personal
affairs, including charitable, social and political activities, in a manner that does not unreasonably interfere with his responsibilities hereunder, or (ii) accept or engage in any other employment, whether as an employee or consultant or in
any other capacity, and whether or not compensated therefor. 
 5.2 Noncompetition; Nonsolicitation. 
 (a) Executive acknowledges and recognizes the highly competitive nature of the Company’s business and that access to the Company’s confidential
records and proprietary information renders him special and unique within the Company’s industry. In consideration of the payment by the Company to Executive of amounts that may hereafter be paid to Executive pursuant to this Agreement
(including, without limitation, pursuant to Sections 3 and 4 hereof) and other obligations undertaken by the Company hereunder, Executive agrees that during (i) his employment with the Company, and (ii) the period beginning on the date of
termination of employment and ending two years after the date of termination of employment (the “Covered Time”), Executive shall not, directly or indirectly, engage (as owner, investor, partner, stockholder, employer, employee, consultant,
advisor, director or otherwise) in any Competing Business in any Restricted Area (each as defined below), provided that the provisions of this Section 5.2(a) will not be deemed breached merely because Executive owns less than 5% of the
outstanding common stock of a publicly-traded company. For purposes of this Agreement, “Competing Business” shall mean (i) any business in which the Company is currently engaged, including, but not limited to, renting and selling
equipment and merchandise to the commercial and general public, including construction equipment, earthmoving equipment, aerial equipment, aerial work platforms, traffic safety equipment, trench safety equipment, industrial equipment, landscaping
equipment, and home repair and maintenance equipment, as well as highway construction related technologies and the buying of companies that engage in such activities along with the computer hardware and software systems designed, developed and
utilized with respect to any of the foregoing; (ii) any other future business which the Company engages in during Executive’s employment with the Company; and (iii) any of the entities identified on Exhibit C. For purposes of this
Agreement, “Restricted Area” means each of: (i) any state in the United States and any province in Canada in which the Company conducts any business currently or during Executive’s future employment with the Company; and
(ii) regardless of state, the area within a 200 mile radius of any office or facility of the Company in which or in relation to which Executive shall have performed any duties for the Company during his employment with the Company. 

(b) In further consideration of the payment by the Company to Executive of amounts that may hereafter be paid to Executive pursuant to this Agreement

  

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(including, without limitation, pursuant to Sections 3 and 4 hereof) and other obligations undertaken by the Company hereunder, Executive agrees that during
his employment and the Covered Time, he shall not, directly or indirectly, (i) solicit, encourage or attempt to solicit or encourage any of the employees, agents, consultants or representatives of the Company or any of its affiliates to
terminate his, her, or its relationship with the Company or such affiliate; (ii) solicit, encourage or attempt to solicit or encourage any of the employees, agents, consultants or representatives of the Company or any of its affiliates to
become employees, agents, representatives or consultants of any other person or entity; (iii) solicit or attempt to solicit any customer, vendor or distributor of the Company or any of its affiliates with respect to any product or service being
furnished, made, sold, rented or leased by the Company or such affiliate; or (iv) persuade or seek to persuade any customer of the Company or any affiliate to cease to do business or to reduce the amount of business which any customer has
customarily done or contemplates doing with the Company or such affiliate, whether or not the relationship between the Company or its affiliate and such customer was originally established in whole or in part through Executive’s efforts. For
purposes of this Section 5.2(b) only, during the Covered Time, the terms “customer,” “vendor” and “distributor” shall mean a customer, vendor or distributor who has done business with the Company or any of its
affiliates within twelve months preceding the termination of Executive’s employment. 
 (c) During Executive’s employment with the
Company and during the Covered Time, Executive agrees that upon the earlier of Executive’s (i) negotiating with any Competitor (as defined below) concerning the possible employment of Executive by the Competitor, (ii) receiving an
offer of employment from a Competitor, or (iii) becoming employed by a Competitor, Executive will (A) immediately provide notice to the Company of such circumstances and (B) provide copies of Section 5 of this Agreement to the
Competitor. Executive further agrees that the Company may provide notice to a Competitor of Executive’s obligations under this Agreement, including without limitation Executive’s obligations pursuant to Section 5 hereof. For purposes
of this Agreement, “Competitor” shall mean any entity (other than the Company or any of its affiliates) that engages, directly or indirectly, in any Competing Business. 
 (d) Executive understands that the provisions of this Section 5.2 may limit his ability to earn a livelihood in a business similar to the business
of the Company or its affiliates but nevertheless agrees and hereby acknowledges that the consideration provided under this Agreement, including any amounts or benefits provided under Sections 3 and 4 hereof and other obligations undertaken by the
Company hereunder, is sufficient to justify the restrictions contained in such provisions. In consideration thereof and in light of Executive’s education, skills and abilities, Executive agrees that he will not assert in any forum that such
provisions prevent him from earning a living or otherwise are void or unenforceable or should be held void or unenforceable. 
 5.3
Proprietary Information. Executive acknowledges that during the course of his employment with the Company he will necessarily have access to and make use of proprietary information and confidential records of the Company and its affiliates.
Executive covenants that he shall not during his employment or at any time thereafter, directly or indirectly, use for his own purpose or for the benefit of any person or entity other than the Company, nor otherwise disclose to any individual or
entity, any proprietary information, unless such disclosure 

  

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has been authorized in writing by the Company or is otherwise required by law. Executive acknowledges and understands that the term “proprietary
information” includes, but is not limited to: (a) the software products, programs, applications, and processes utilized by the Company or any of its affiliates; (b) the name and/or address of any customer or vendor of the Company or
any of its affiliates or any information concerning the transactions or relations of any customer or vendor of the Company or any of its affiliates with the Company or such affiliate or any of its or their partners, principals, directors, officers
or agents; (c) any information concerning any product, technology, or procedure employed by the Company or any of its affiliates but not generally known to its or their customers, vendors or competitors, or under development by or being tested
by the Company or any of its affiliates but not at the time offered generally to customers or vendors; (d) any information relating to the computer software, computer systems, pricing or marketing methods, sales margins, cost of goods, cost of
material, capital structure, operating results, borrowing arrangements or business plans of the Company or any of its affiliates; (e) any information which is generally regarded as confidential or proprietary in any line of business engaged in
by the Company or any of its affiliates; (f) any business plans, budgets, advertising or marketing plans; (g) any information contained in any of the written or oral policies and procedures or manuals of the Company or any of its
affiliates; (h) any information belonging to customers or vendors of the Company or any of its affiliates or any other person or entity which the Company or any of its affiliates has agreed to hold in confidence; (i) any inventions,
innovations or improvements covered by this Agreement; and (j) all written, graphic and other material relating to any of the foregoing. Executive acknowledges and understands that information that is not novel or copyrighted or patented may
nonetheless be proprietary information. The term “proprietary information” shall not include information generally available to and known by the public or information that is or becomes available to Executive on a non-confidential basis
from a source other than the Company, any of its affiliates, or the directors, officers, employees, partners, principals or agents of the Company or any of its affiliates (other than as a result of a breach of any obligation of confidentiality).

 5.4 Confidentiality and Surrender of Records. Executive shall not during his employment or at any time thereafter (irrespective of
the circumstances under which Executive’s employment by the Company terminates), except as required by law, directly or indirectly publish, make known or in any fashion disclose any confidential records to, or permit any inspection or copying
of confidential records by, any individual or entity other than in the course of such individual’s or entity’s employment or retention by the Company. Upon termination of employment for any reason or request by the Company, Executive shall
deliver promptly to the Company all property and records of the Company or any of its affiliates, including, without limitation, all confidential records. For purposes hereof, “confidential records” means all correspondence, reports,
memoranda, files, manuals, books, lists, financial, operating or marketing records, magnetic tape, or electronic or other media or equipment of any kind which may be in Executive’s possession or under his control or accessible to him which
contain any proprietary information. All property and records of the Company and any of its affiliates (including, without limitation, all confidential records) shall be and remain the sole property of the Company or such affiliate during
Executive’s employment with the Company and thereafter. 
 5.5 Inventions and Patents. All inventions, innovations or
improvements (including policies, procedures, products, improvements, software, ideas and 

  

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discoveries, whether patent, copyright, trademark, service mark, or otherwise) conceived or made by Executive, either alone or jointly with others, in the
course of his employment by the Company, belong to the Company. Executive will promptly disclose in writing such inventions, innovations or improvements to the Company and perform all actions reasonably requested by the Company to establish and
confirm such ownership by the Company, including, but not limited to, cooperating with and assisting the Company in obtaining patents, copyrights, trademarks, or service marks for the Company in the United States and in foreign countries.

 5.6 Enforcement. Executive acknowledges and agrees that, by virtue of his position, his services and access to and use of
confidential records and proprietary information, any violation by him of any of the undertakings contained in this Section 5 would cause the Company and/or its affiliates immediate, substantial and irreparable injury for which it or they have
no adequate remedy at law. Accordingly, Executive agrees and consents to the entry of an injunction or other equitable relief by a court of competent jurisdiction restraining any violation or threatened violation of any undertaking contained in this
Section 5. Executive waives posting by the Company or its affiliates of any bond otherwise necessary to secure such injunction or other equitable relief. Rights and remedies provided for in this Section 5 are cumulative and shall be in
addition to rights and remedies otherwise available to the parties hereunder or under any other agreement or applicable law. 
 6.
Assignment and Transfer. 
 (a) Company. This Agreement shall inure to the benefit of and be enforceable by, and may be
assigned by the Company without Executive’s consent to, any purchaser of all or substantially all of the Company’s business or assets, any successor to the Company or any assignee thereof (whether direct or indirect, by purchase, merger,
consolidation or otherwise). 
 (b) Executive. The parties hereto agree that Executive is obligated under this Agreement to render
personal services of a special, unique, unusual, extraordinary and intellectual character, thereby giving this Agreement special value. Executive’s rights and obligations under this Agreement shall not be transferable by Executive by assignment
or otherwise, and any purported assignment, transfer or delegation thereof shall be void; provided, however, that if Executive shall die, all amounts then payable to Executive hereunder shall be paid in accordance with the terms of this Agreement to
Executive’s estate. 
 7. Miscellaneous. 
 (a) Other Obligations. Executive represents and warrants that neither Executive’s employment with the Company nor Executive’s performance of Executive’s obligations hereunder will conflict with
or violate or otherwise are inconsistent with any other obligations, legal or otherwise, which Executive may have. Executive covenants that he shall perform his duties hereunder in a professional manner and not in conflict or violation, or otherwise
inconsistent with other obligations legal or otherwise, which Executive may have. 
 (b) Nondisclosure; Other Employers. Executive
will not disclose to the Company, use, or induce the Company to use, any proprietary information, trade secrets or 

  

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confidential business information of others. Executive represents and warrants that Executive does not possess any property, proprietary information, trade
secrets and confidential business information belonging to any prior employers. 
 (c) Cooperation. Following termination of
employment with the Company for any reason, Executive shall cooperate with the Company, as requested by the Company, to effect a transition of Executive’s responsibilities and to ensure that the Company is aware of all matters being handled by
Executive. 
 (d) Assistance in Proceedings, Etc. Executive shall, during and after his employment, upon reasonable notice, furnish
such information and proper assistance to the Company as may reasonably be required by the Company in connection with any legal or quasi-legal proceeding, including any external or internal investigation, involving the Company or any of its
affiliates. The Company shall (i) pay Executive any base salary he loses from a subsequent employer for material work performed in connection with such obligation subsequent to termination of Executive’s employment with the Company,
provided that (A) such work is approved in advance in writing by the Company, (B) no payments shall be due in connection with assistance provided during any period for which Executive is receiving payments pursuant to Section 4(c)(ii)
and (C) no payments shall be due for any time Executive spends testifying before the SEC or in any proceeding (e.g., class action litigation) or time spent by him consulting with his own counsel; and (ii) reimburse Executive’s
reasonable expenses incurred in connection with the foregoing obligations. 
 (e) Mitigation. Executive shall not be required to
mitigate damages or the amount of any payment provided to him under Section 4 of this Agreement by seeking other employment or otherwise, nor shall the amount of any payments provided to Executive under Section 4 be reduced by any
compensation earned by Executive as the result of employment by another employer after the termination of Executive’s employment or otherwise. 
 (f) No Right of Set-off Etc. The obligation of the Company to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any
circumstances, including without limitation, set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against Executive or others. 
 (g) Protection of Reputation. During Executive’s employment with the Company and thereafter, Executive agrees that he will take no action
which is intended, or would reasonably be expected, to harm the Company or any of its affiliates or its or their reputation or which would reasonably be expected to lead to unwanted or unfavorable publicity to the Company or its affiliates. Nothing
herein shall prevent Executive from making any truthful statement in connection with any legal proceeding or investigation by the Company or any governmental authority. 
 (h) Governing Law. This Agreement shall be governed by and construed (both as to validity and performance) and enforced in accordance with the internal laws of the State of Connecticut applicable to agreements
made and to be performed wholly within such jurisdiction, without regard to the principles of conflicts of law or where the parties are located at the time a dispute arises. 
  

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 (i) Arbitration. 
  

	 	(i)	General. Executive and the Company specifically, knowingly, and voluntarily agree that they shall use final and binding arbitration to resolve any dispute (an
“Arbitrable Dispute”) between Executive, on the one hand, and the Company (or any affiliate of the Company), on the other hand. This arbitration agreement applies to all matters relating to this Agreement and Executive’s employment
with and/or termination of employment from the Company, including without limitation disputes about the validity, interpretation, or effect of this Agreement, or alleged violations of it, any payments due hereunder and all claims arising out of any
alleged discrimination, harassment or retaliation, including, but not limited to, those covered by Title VII of the Civil Rights Act of 1964, as amended, the Age Discrimination in Employment Act of 1967, as amended, and the Americans With
Disabilities Act or any other federal, state or local law relating to discrimination in employment. 

  

	 	(ii)	Injunctive Relief. Notwithstanding anything to the contrary contained herein, the Company and any affiliate of the Company (if applicable) shall have the right to seek
injunctive or other equitable relief from a court of competent jurisdiction to enforce Section 5 of this Agreement. For purposes of seeking enforcement of Section 5, the Company and Executive hereby consent to the jurisdiction of any state
or federal court sitting in the County of Fairfield, State of Connecticut. 

  

	 	(iii)	The Arbitration. Any arbitration pursuant to this Section 7(i) will take place in New York, New York, under the auspices of the American Arbitration Association, in
accordance with the Employment Arbitration Rules of the American Arbitration Association then in effect, and before a panel of three arbitrators selected in accordance with such rules. Judgment upon the award rendered by the arbitrators may be
entered in any state or federal court sitting in the County of Fairfield, State of Connecticut. 

  

	 	(iv)	 Fees and Expenses. In any arbitration pursuant to this Section 7(i), except as otherwise required by law, each party shall be responsible for the fees
and expenses of its 

  

 12 

	 	 
own attorneys and witnesses, and the fees and expenses of the arbitrators shall be divided equally between the Company, on the one hand, and Executive, on
the other hand. 

  

	 	(v)	Exclusive Forum. Except as permitted by Section 7(i)(ii) hereof, arbitration in the manner described in this Section 7(i) shall be the exclusive forum for any
Arbitrable Dispute. Except as permitted by Section 7(i)(ii), should Executive or the Company attempt to resolve an Arbitrable Dispute by any method other than arbitration pursuant to this Section 7(i), the responding party shall be
entitled to recover from the initiating party all damages, expenses, and attorneys’ fees incurred as a result of that breach. 

 (j) Reimbursement of Reasonable Attorney’s Fees and Expenses in Connection with Agreement. The Company shall pay or reimburse Executive for reasonable attorneys’ fees and expenses incurred by Executive in connection with
the drafting and negotiating of this Agreement, provided that the Company’s total obligation pursuant to this Section 7(j) shall not exceed $7,500. It is agreed that the payment or reimbursement of such fees shall be considered a working
condition fringe benefit. 
 (k) Section 409A of the Code. The Company makes no representations regarding the tax implications
of the compensation and benefits to be paid to Executive under this Agreement, including, without limitation, under Section 409A of the Code. Executive and the Company agree that in the event Executive or the Company reasonably determines that
the terms hereof would result in Executive being subject to tax under Section 409A of the Code, Executive and the Company shall negotiate in good faith to amend this Agreement to the extent necessary to prevent the assessment of any such tax,
including by delaying the payment dates of any amounts hereunder. 
 (l) Entire Agreement. This Agreement (including the plans and
the RSU Agreement referenced in Section 3) and the Indemnification Agreement contain the entire agreement and understanding between the parties hereto in respect of Executive’s employment and supersede, cancel and annul any prior or
contemporaneous written or oral agreements, understandings, commitments and practices between them respecting Executive’s employment, including, without limitation, the Amended and Restated Employment Agreement between the parties entered into
as of June 9, 2004; provided, however, that this Agreement shall not, except as expressly provided herein, supersede, cancel or annul the terms of any equity grant made to Executive prior to the date of this Agreement. 
 (m) Amendment. This Agreement may be amended only by a writing which makes express reference to this Agreement as the subject of such amendment
and which is signed by Executive and, on behalf of the Company, by its duly authorized officer. 
 (n) Severability. If any provision
of this Agreement or the application of any such provision to any party or circumstances shall be determined by any court of 

  

 13 

 
competent jurisdiction or arbitration panel to be invalid or unenforceable to any extent, the remainder of this Agreement, or the application of such
provision to such person or circumstances other than those to which it is so determined to be invalid or unenforceable, shall not be affected thereby, and each provision hereof shall be enforced to the fullest extent permitted by law. If any
provision of this Agreement, or any part thereof, is held to be invalid or unenforceable because of the scope or duration of or the area covered by such provision, the parties hereto agree that the court or arbitration panel making such
determination shall reduce the scope, duration and/or area of such provision (and shall substitute appropriate provisions for any such invalid or unenforceable provisions) in order to make such provision enforceable to the fullest extent permitted
by law and/or shall delete specific words and phrases, and such modified provision shall then be enforceable and shall be enforced. The parties hereto recognize that if, in any judicial or arbitral proceeding, a court or arbitration panel shall
refuse to enforce any of the separate covenants contained in this Agreement, then that invalid or unenforceable covenant contained in this Agreement shall be deemed eliminated from these provisions to the extent necessary to permit the remaining
separate covenants to be enforced. In the event that any court or arbitration panel determines that the time period or the area, or both, are unreasonable and that any of the covenants is to that extent invalid or unenforceable, the parties hereto
agree that such covenants will remain in full force and effect, first, for the greatest time period, and second, in the greatest geographical area that would not render them unenforceable. 
 (o) Construction. The headings and captions of this Agreement are provided for convenience only and are intended to have no effect in construing
or interpreting this Agreement. The language in all parts of this Agreement shall be in all cases construed according to its fair meaning and not strictly for or against the Company or Executive. As used herein, the words “day” or
“days” shall mean a calendar day or days. 
 (p) Nonwaiver. Neither any course of dealing nor any failure or neglect of
either party hereto in any instance to exercise any right, power or privilege hereunder or under law shall constitute a waiver of any other right, power or privilege or of the same right, power or privilege in any other instance. All waivers by
either party hereto must be contained in a written instrument signed by the party to be charged and, in the case of the Company, by its duly authorized officer. 
 (q) Notices. Any notice required or permitted hereunder shall be in writing and shall be sufficiently given if personally delivered or if sent by registered or certified mail, postage prepaid, with return
receipt requested, addressed: (i) in the case of the Company, to Chief Executive Officer, United Rentals, Inc., Five Greenwich Office Park, Greenwich, Connecticut 06831; and (ii) in the case of Executive, to Executive’s last known
address as reflected in the Company’s records, or to such other address as Executive shall designate by written notice to the Company. Any notice given hereunder shall be deemed to have been given at the time of receipt thereof by the person to
whom such notice is given if personally delivered or at the time of mailing if sent by registered or certified mail. 
 (r) Survival.
Cessation or termination of Executive’s employment with the Company shall not result in termination of this Agreement. The respective obligations of Executive and the Company as provided in Sections 4, 5, 6 and 7 of this Agreement and the
Indemnification Agreement shall survive cessation or termination of Executive’s employment hereunder. 
  

 14 

 (s) Counterparts. This Agreement may be executed in two or more counterparts, each of which shall
be deemed an original and all of which together shall be deemed to be one and the same instrument. Signatures delivered by facsimile shall be effective for all purposes. 
 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed on its behalf by an officer thereunto duly authorized and Executive has duly executed this Agreement, all as of the date and year first
written above. 
  

					
	UNITED RENTALS, INC.	 	 	 	EXECUTIVE:
			
	 By: /s/ Wayland R. Hicks
	 		 	 /s/ Kurtis T. Barker

	 Name:  Wayland R. Hicks
	 		 	Kurtis T. Barker
	 Title:    Chief Executive Officer
	 		 	

  

 15 

 EXHIBIT B 
 FORM OF 
 INDEMNIFICATION AGREEMENT 
 THIS INDEMNIFICATION AGREEMENT is entered into as of this             
day of     , 2006, by and between United Rentals, Inc., a Delaware corporation (the ‘Company’), and
                                        
(‘Indemnitee’). 
 RECITALS 
 A. The Company is aware that because of the increased exposure to litigation costs, talented and experienced persons are increasingly reluctant to serve or continue serving as directors and officers of corporations
unless they are protected by comprehensive liability insurance and indemnification. 
 B. The statutes and judicial decisions regarding the
duties of directors and officers are often difficult to apply, ambiguous, or conflicting, and therefore fail to provide such directors and officers with adequate guidance regarding the proper course of action. 
 C. The Board of Directors of the Company (the ‘Board’) has concluded that, in order to retain and attract talented and experienced individuals
to serve as officers and directors of the Company and its subsidiaries and to encourage such individuals to take the business risks necessary for the success of the Company and its subsidiaries, the Company should contractually indemnify its
officers and directors, and the officers and directors of its subsidiaries, in connection with claims against such officers and directors in connection with their services to the Company and its subsidiaries, and has further concluded that the
failure to provide such contractual indemnification could be detrimental to the Company, its subsidiaries and stockholders. 
 NOW,
THEREFORE, the parties, intending to be legally bound, hereby agree as follows: 
 1. Definitions. 
 (a) Agent. ‘Agent’ with respect to the Company means any person who is or was a director, officer, employee or other
agent of the Company or a Subsidiary of the Company; or is or was serving at the request of, for the convenience of, or to represent the interests of, the Company or a Subsidiary of the Company as a director, officer, employee or agent of another
entity or enterprise; or was a director, officer, employee or agent of a predecessor corporation (or other predecessor entity or enterprise) of the Company or a Subsidiary of the Company, or was a director, officer, employee or agent of another
enterprise at the request of, for the convenience of, or to represent the interests of such predecessor. 
 (b)
Expenses. ‘Expenses’ means all direct and indirect costs of any type or nature whatsoever (including, without limitation, all attorneys’ fees, costs of investigation and related disbursements) incurred by the Indemnitee in
connection with the investigation, settlement, defense or appeal of a Proceeding covered hereby or the establishment or enforcement of a right to indemnification under this Agreement. 
 (c) Proceeding. ‘Proceeding’ means any threatened, pending, or completed claim, suit or action, whether civil, criminal,
administrative, investigative or otherwise. 
  

 B-1 

 (d) Subsidiary. ‘Subsidiary’ means any corporation or other entity of
which more than 10% of the outstanding voting securities or other voting interests is owned directly or indirectly by the Company, and one or more other Subsidiaries, taken as a whole. 
 2. Maintenance of Liability Insurance. 
 (a) The Company hereby covenants and agrees with Indemnitee that, subject to Section 2(b), the Company shall obtain and maintain in full force and effect directors’ and officers’ liability insurance
(‘D&O Insurance’) in reasonable amounts as the Board of Directors shall determine from established and reputable insurers. In no event shall the terms of such D&O Insurance be less favorable to Indemnitee than the terms generally
applicable to the Company’s executive officers generally. 
 (b) Notwithstanding the foregoing, the Company shall have no
obligation to obtain or maintain D&O Insurance if the Company determines in good faith that the premium costs for such insurance are (i) disproportionate to the amount of coverage provided after giving effect to exclusions, and
(ii) substantially more burdensome to the Company than the premiums charged to the Company for D&O Insurance currently in effect. 
 3. Mandatory Indemnification. The Company shall defend, indemnify and hold harmless Indemnitee: 
 (a)
Third Party Actions. If Indemnitee is a person who was or is a party, or is threatened to be made a party, to any Proceeding (other than an action by or in the right of the Company) by reason of the fact that Indemnitee is or was or is
claimed to be an Agent of the Company, or by reason of anything done or not done by Indemnitee in any such capacity, or by reason of the fact that Indemnitee personally guaranteed any obligation of the Company at any time, against any and all
Expenses and liabilities of any type whatsoever (including, but not limited to, legal fees, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) incurred by such person in connection with the investigation, defense,
settlement or appeal of such Proceeding, so long as the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal action or
Proceeding, had no reasonable cause to believe such person’s conduct was unlawful. 
 (b) Derivative Actions. If
Indemnitee is a person who was or is a party, or is threatened to be made a party, to any Proceeding by or in the right of the Company by reason of the fact that he is or was an Agent of the Company, or by reason of anything done or not done by him
in any such capacity, against any and all Expenses and liabilities of any type whatsoever (including, but not limited to, legal fees, judgments, fines, ERISA excise taxes or penalties, and amounts paid in settlement) incurred by him in connection
with the investigation, defense, settlement or appeal of such Proceeding, so long as the Indemnitee acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company; except that no
indemnification under this subsection shall be made, and Indemnitee shall repay all amounts previously advanced by the Company, in respect of any claim, issue or matter for which such person is judged in a final, non-appealable decision to be liable
to the Company by a court of competent jurisdiction, unless and only to the extent that the court in which such Proceeding was brought or the Court of Chancery of Delaware shall determine that Indemnitee is fairly and reasonably entitled to
indemnity. 
  

 B-2 

 (c) Actions Where Indemnitee Is Deceased. If Indemnitee is a person who was or is
a party, or is threatened to be made a party, to any Proceeding by reason of the fact that he is or was an Agent of the Company, or by reason of anything done or not done by him in any such capacity, and prior to, during the pendency of, or after
completion of, such Proceeding, the Indemnitee shall die, then the Company shall defend, indemnify and hold harmless the estate, heirs and legatees of the Indemnitee against any and all Expenses and liabilities incurred by or for such persons or
entities in connection with the investigation, defense, settlement or appeal of such Proceeding on the same basis as provided for the Indemnitee in Sections 3(a) and 3(b) above. 
 The Expenses and liabilities covered hereby shall be net of any payments by D&O Insurance carriers or others. 
 4. Partial Indemnification. If Indemnitee is found under Section 3, 6 or 9 hereof not to be entitled to indemnification for all of the
Expenses relating to a Proceeding, the Company shall indemnify the Indemnitee for any portion of such Expenses not specifically precluded by the operation of such Section 3, 6 or 9. 
 5. Indemnification Procedures; Mandatory Advancement of Expenses. 
 (a) Promptly after receipt by Indemnitee of notice to him or her of the commencement or threat of any Proceeding covered hereby,
Indemnitee shall notify the Company of the commencement or threat thereof, provided that any failure to so notify shall not relieve the Company of any of its obligations hereunder. 
 (b) If, at the time of the receipt of a notice pursuant to Section 5(a) above, the Company has D&O Insurance in effect, the
Company shall give prompt notice of the Proceeding or claim to its insurers in accordance with the procedures set forth in the applicable policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay all
amounts payable as a result of such Proceeding in accordance with the terms of such policies. 
 (c) Indemnitee shall be
entitled to retain one or more counsel from time to time selected by it in its sole discretion to act as its counsel in and for the investigation, defense, settlement or appeal of each Proceeding. 
 (d) The Company shall bear all fees and Expenses (including invoices for reasonable and customary advance retainers) of such counsel, and
all fees and Expenses invoiced by other persons or entities, in connection with the investigation, defense, settlement or appeal of each such Proceeding. Such fees and Expenses are referred to herein as ‘Covered Expenses.’ 
 (e) Until a determination to the contrary under Section 6 hereof is made, the Company shall advance all Covered Expenses in
connection with each Proceeding. If required by law, as a condition to such advances, Indemnitee shall, at the request of the Company, agree to repay such amounts advanced if it shall ultimately be determined by a final order of a court that
Indemnitee is not entitled to be indemnified by the Company by the terms hereof or under applicable law. 
 (f) Each advance
to be made hereunder shall be paid by the Company to Indemnitee within 10 days following delivery of a written request therefor by Indemnitee to the Company. 
  

 B-3 

 (g) The Company acknowledges the potentially severe damage to Indemnitee should the
Company fail timely to make such advances to Indemnitee. 
 6. Determination of Right to Indemnification. 
 (a) To the extent Indemnitee has been successful on the merits or otherwise in defense of any Proceeding, claim, issue or matter covered
hereby, Indemnitee need not repay any of the Expenses advanced in connection with the investigation, defense or appeal of such Proceeding. 
 (b) If Section 6(a) is inapplicable, the Company shall remain obligated to indemnify Indemnitee, and Indemnitee need not repay Expenses previously advanced, unless the Company, by motion before a court of
competent jurisdiction, obtains an order for preliminary or permanent relief suspending or denying the obligation to advance or indemnify for Expenses. 
 (c) Notwithstanding a determination by a court that Indemnitee is not entitled to indemnification with respect to a specific Proceeding, Indemnitee shall have the right to apply to the Court of Chancery of Delaware
for the purpose of enforcing Indemnitee’s right to indemnification pursuant to this Agreement. 
 (d) Notwithstanding any
other provision in this Agreement to the contrary, the Company shall indemnify Indemnitee against all Expenses incurred by Indemnitee in connection with any Proceeding under Section 6(b) or 6(c) and against all Expenses incurred by Indemnitee
in connection with any other Proceeding between the Company and Indemnitee involving the interpretation or enforcement of the rights of Indemnitee under this Agreement unless a court of competent jurisdiction finds that each of the material claims
and/or defenses of Indemnitee in any such Proceeding were frivolous or made in bad faith. 
 7. Certificate of Incorporation and
By-Laws. The Company agrees that the Company’s Certificate of Incorporation and By-laws in effect on the date hereof shall not be amended to reduce, limit, hinder or delay (i) the rights of Indemnitee granted hereby, or (ii) the
ability of the Company to indemnify Indemnitee as required hereby. The Company further agrees that it shall exercise the powers granted to it under its Certificate of Incorporation, its By-laws and by applicable law to indemnify Indemnitee to the
fullest extent possible as required hereby. 
 8. Witness Expenses. The Company agrees to compensate Indemnitee for the reasonable
value of his or her time spent, and to reimburse Indemnitee for all Expenses (including attorneys’ fees and travel costs) incurred by him or her, in connection with being a witness, or if Indemnitee is threatened to be made a witness, with
respect to any Proceeding, by reason of his or her serving or having served as an Agent of the Company. 
 9. Exceptions.
Notwithstanding any other provision hereunder to the contrary, the Company shall not be obligated pursuant to the terms of this Agreement: 
 (a) Claims Initiated by Indemnitee. To indemnify or advance Expenses to Indemnitee with respect to Proceedings or claims initiated or brought voluntarily by Indemnitee and not by way of defense (other than
Proceedings under Section 6(b) or Section 6(c) or brought to establish or enforce a right to indemnification under this Agreement or the provisions of the Company’s Certificate of Incorporation or By-laws unless a court of competent
jurisdiction determines that each of the material assertions made by Indemnitee in such Proceeding were not made in good faith or were frivolous). 
  

 B-4 

 (b) Unauthorized Settlements. To indemnify Indemnitee under this Agreement for any
amounts paid in settlement of a Proceeding covered hereby without the prior written consent of the Company to such settlement. 
 10.
Non-exclusivity. This Agreement is not the exclusive arrangement between the Company and Indemnitee regarding the subject matter hereof and shall not diminish or affect any other rights which Indemnitee may have under any provision of law,
the Company’s Certificate of Incorporation or By-laws, under other agreements, or otherwise. 
 11. Continuation After Term.
Indemnitee’s rights hereunder shall continue after the Indemnitee has ceased acting as a director or Agent of the Company and the benefits hereof shall inure to the benefit of the heirs, executors and administrators of Indemnitee. 

12. Interpretation of Agreement. This Agreement shall be interpreted and enforced so as to provide indemnification to Indemnitee to the fullest
extent now or hereafter permitted by law. 
 13. Severability. If any provision or provisions of this Agreement shall be held to be
invalid, illegal or unenforceable, provisions of the Agreement shall not in any way be affected or impaired thereby, and to the fullest extent possible, the provisions of this Agreement shall be construed or altered by the court so as to remain
enforceable and to provide Indemnitee with as many of the benefits contemplated hereby as are permitted under law. 
 14. Counterparts,
Modification and Waiver. This Agreement may be signed in counterparts. This Agreement constitutes a separate agreement between the Company and Indemnitee and may be supplemented or amended as to Indemnitee only by a written instrument signed by
the Company and Indemnitee, with such amendment binding only the Company and Indemnitee. All waivers must be in a written document signed by the party to be charged. No waiver of any of the provisions of this Agreement shall be implied by the
conduct of the parties. A waiver of any right hereunder shall not constitute a waiver of any other right hereunder. 
 15. Notices.
All notices, demands, consents, requests, approvals and other communications required or permitted hereunder shall be in writing and shall be deemed to have been properly given if hand delivered (effective upon receipt or when refused), or if sent
by a courier freight prepaid (effective upon receipt or when refused), in the case of the Company, at the addresses listed below, or to such other addresses as the parties may notify each other in writing. 
  

			
	To Company:	  	 United Rentals, Inc.
 Five Greenwich Office
Park
 Greenwich, CT 06830
 Attention: Chief Executive Officer

 To Indemnitee: At the Indemnitee’s residence address and facsimile number on the records of the Company from
time to time. 
 16. Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the
State of Delaware. 
  

 B-5 

 IN WITNESS WHEREOF, the parties hereto have entered into this Indemnification Agreement effective as of
the date first above written. 
  

			
	UNITED RENTALS, INC.
		
	By	 	  

	Name:	 	Wayland Hicks
	Title:	 	Chief Executive Officer
	
	INDEMNITEE:
		
		 	  

	Name:	 	

  

 B-6FORM OF INDENTURE

 Exhibit 4.4 
 NETSCOUT SYSTEMS, INC. 
 and 
 , as Trustee 
 INDENTURE 
 Dated as of , 
 INDENTURE, dated as of
                    ,         , by and between NETSCOUT SYSTEMS, INC., a Delaware corporation, as Issuer (the
“Company”), and             , a organized under the laws of             , as Trustee (the
“Trustee”). 
 RECITALS OF THE COMPANY 
 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 to be issued in one or more series
(the “Securities”), as herein provided, up to such principal amount as may from time to time be authorized in or pursuant to one or more resolutions of the Board of Directors or by supplemental indenture. 
 All things necessary to make this Indenture a valid agreement of the Company in accordance with its terms have been done, and the execution and delivery
thereof have been in all respects duly authorized by the parties hereto. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 
 Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the Holders of the Securities issued under this
Indenture: 
 ARTICLE 1 
 DEFINITIONS AND INCORPORATION BY REFERENCE 
 1.1 Definitions. 
 “Affiliate” of any specified Person means any other Person which directly or indirectly through one or more intermediaries controls, or
is controlled by, or is under common control with, such specified Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by,” and “under
common control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting
securities, by agreement or otherwise. 
 “Agent” means any Registrar, Paying Agent, co-registrar or agent for service of
notices and demands. 

 “Board of Directors” means the Board of Directors of the Company or any committee
authorized to act therefor. 
 “Board Resolution” means a copy of a resolution certified pursuant to an Officers’
Certificate to have been duly adopted by the Board of Directors of the Company and to be in full force and effect on the date of such certification, and delivered to the Trustee. 
 “Capital Stock” means, with respect to any Person, any and all shares or other equivalents (however designated) of capital stock,
partnership interests or any other participation, right or other interest in the nature of an equity interest in such Person or any option, warrant or other security convertible into any of the foregoing. 
 “Company” means the party named as such in the first paragraph of this Indenture until a successor replaces such party pursuant to
Article 5 of this Indenture, and thereafter means the successor and any other primary obligor on the Securities. 
 “Company
Order” means a written order signed in the name of the Company by two Officers, one of whom must be its Chief Executive Officer or its Chief Financial Officer. 
 “Company Request” means any written request signed in the name of the Company by its Chief Executive Officer, its President, any Vice President, its Chief Financial Officer or its Treasurer and
attested to by the Secretary or any Assistant Secretary of the Company. 
 “Corporate Trust Office” means the office of the
Trustee at which at any particular time its corporate trust business shall be principally administered. 
 “Default” means
any event that is, or with the passing of time or giving of notice or both would be, an Event of Default. 
 “Depositary”
means, with respect to the Securities of any Series issuable or issued in whole or in part in the form of one or more Global Securities, the Person designated as Depositary for such Series by the Company, which Depositary shall be a clearing agency
registered under the Exchange Act, until a successor Depositary shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Depositary” shall mean each Person who is then a Depositary hereunder,
and if at any time there is more than one such Person, such Persons. 
 “Dollars” means the currency of the United States of
America. 
 “ECU” means the European Currency Unit as determined by the Commission of the European Union. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Foreign Currency” means any currency or currency unit issued by a government other than the government of the United States of America.

  

 -2- 

 “Foreign Government Obligations” means with respect to Securities of any Series that are
denominated in a Foreign Currency, (i) direct obligations of the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged or (ii) obligations of a person
controlled or supervised by or acting as an agency or instrumentality of such government the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by such government, which, in either case under clauses
(i) or (ii), are not callable or redeemable at the option of the issuer thereof. 
 “GAAP” means generally accepted
accounting principles consistently applied as in effect in the United States from time to time. 
 “Global Security” or
“Global Securities” means a Security or Securities, as the case may be, in the form established pursuant to Section 2.2, evidencing all or part of a Series of Securities issued to the Depositary for such Series or its nominee,
registered in the name of such Depositary or nominee, and bearing the legend set forth in Section 2.15(c) (or such legend as may be specified as contemplated by Section 2.2 for such Securities). 
 “Holder” or “Securityholder” means the Person in whose name a Security is registered on the Registrar’s books.

 “Indebtedness” means (without duplication), with respect to any Person, any indebtedness at any time outstanding, secured
or unsecured, contingent or otherwise, which is for borrowed money (whether or not the recourse of the lender is to the whole of the assets of such Person or only to a portion thereof), or evidenced by bonds, notes, debentures or similar instruments
or representing the balance deferred and unpaid of the purchase price of any property (excluding any balances that constitute accounts payable or trade payables, and other accrued liabilities arising in the ordinary course of business) if and to the
extent any of the foregoing indebtedness would appear as a liability upon a balance sheet of such Person prepared in accordance with GAAP. 
 “Indenture” means this Indenture as amended, restated or supplemented from time to time. 
 “Interest
Payment Date” means the Stated Maturity of an installment of interest on Securities of any Series. 
 “Lien” means,
with respect to any property or assets of any Person, any mortgage or deed of trust, pledge, hypothecation, assignment, deposit arrangement, security interest, lien, charge, easement, encumbrance, preference, priority, or other security agreement or
preferential arrangement of any kind or nature whatsoever on or with respect to such property or assets (including, without limitation, any capitalized lease obligation, conditional sales, or other title retention agreement having substantially the
same economic effect as any of the foregoing). 
 “Maturity Date” when used with respect to any Security or installment of
principal thereof, means the date on which the principal of such Security or such installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption,
notice of option to elect payment or otherwise. 
  

 -3- 

 “Officer” means the Chief Executive Officer, the President, any Vice President, the
Chief Financial Officer, the Treasurer or the Secretary of the Company or any other officer designated by the Board of Directors, as the case may be. 
 “Officers’ Certificate” means, with respect to any Person, a certificate signed by the Chief Executive Officer, the President or any Vice President, and the Chief Financial Officer or any
Treasurer of such Person that shall comply with applicable provisions of this Indenture. 
 “Opinion of Counsel” means a
written opinion from legal counsel which counsel is reasonably acceptable to the Trustee. 
 “Person” means any individual,
corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government (including any agency or political subdivision thereof). 
 “Redemption Date” when used with respect to any Security of a Series to be redeemed, means the date fixed for such redemption pursuant
to this Indenture. 
 “Responsible Officer” when used with respect to the Trustee, means any officer or officers within the
corporate trust department of the Trustee (or any successor group of the Trustee) or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and who are responsible for
compliance with the obligations of the Trustee as set forth in this Indenture and also means, with respect to a particular corporate trust matter or obligation required of the Trustee as set forth in this Indenture, any other officer to whom such
matter is referred because of his knowledge of and familiarity with the particular subject. 
 “SEC” means the United States
Securities and Exchange Commission as constituted from time to time or any successor performing substantially the same functions. 
 “Securities” means the securities that are issued under this Indenture, as amended or supplemented from time to time pursuant to this Indenture. 
 “Securities Act” means the Securities Act of 1933, as amended. 
 “Series”
or “Series of Securities” means each series of debentures, notes or other debt instruments of the Company created pursuant to Sections 2.1 or 2.2 hereof. 
 “Significant Subsidiary” means (i) any direct or indirect Subsidiary of the Company that would be a “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X,
promulgated pursuant to the Securities Act, as such regulation is in effect on the date hereof, or (ii) any group of direct or indirect Subsidiaries of the Company that, taken together as a group, would be a “significant subsidiary”
as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such regulation is in effect on the date hereof. 
 “Stated Maturity” means, when used with respect to any Security of any Series 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 

  

 -4- 

 
is due and payable and, when used with respect to any other Indebtedness, means the date specified in the instrument governing such Indebtedness as the fixed
date on which the principal of such Indebtedness, or any installment of interest thereon, is due and payable. 
 “Subsidiary” of any specified Person means any corporation, partnership, joint venture, association or other business entity, whether now existing or hereafter organized or acquired, (i) in the case of a corporation,
of which more than 50% of the total voting power of the Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors thereof is held, directly or indirectly by such Person or any of its
Subsidiaries; or (ii) in the case of a partnership, joint venture, association or other business entity, with respect to which such Person or any of its Subsidiaries has the power to direct or cause the direction of the management and policies
of such entity by contract or otherwise or if in accordance with GAAP such entity is consolidated with such Person for financial statement purposes. 
 “TIA” means the Trust Indenture Act of 1939 (15 U.S. Code Section 77aaa-77bbbb) as in effect on the date of this Indenture (except as provided in Section 8.3 hereof). 
 “Trustee” means the party named as such in this Indenture until a successor replaces it pursuant to this Indenture and thereafter means
the successor. 
 “U.S. Government Obligations” means direct non-callable obligations of, or non-callable obligations
guaranteed by, the United States of America for the payment of which obligation or guarantee the full faith and credit of the United States of America is pledged. 
  

	 	1.2	Other Definitions. 

 The definitions of the following terms may be
found in the sections indicated as follows: 
  

			
	 Term
	  	Defined in Section
	 “Bankruptcy Law”
	  	6.1
	 “Business Day”
	  	10.7
	 “Covenant Defeasance”
	  	9.3
	 “Custodian”
	  	6.1
	 “Event of Default”
	  	6.1
	 “Journal”
	  	10.15
	 “Judgment Currency”
	  	10.16
	 “Legal Defeasance”
	  	9.2
	 “Legal Holiday”
	  	10.7
	 “Market Exchange Rate”
	  	10.15
	 “New York Banking Day”
	  	10.16
	 “Paying Agent”
	  	2.4
	 “Registrar”
	  	2.4
	 “Required Currency”
	  	10.16
	 “Service Agent”
	  	2.4

  

 -5- 

	 	1.3	Incorporation by Reference of Trust Indenture Act. 

 Whenever this Indenture refers to a provision of the TIA, the portion of such provision required to be incorporated herein in order for this Indenture to be qualified under the TIA is incorporated by reference in and made a part of this
Indenture. The following TIA terms used in this Indenture have the following meanings: 
 “Commission” means the SEC.

 “indenture securities” means the Securities. 
 “indenture securityholder” means a Securityholder. 
 “indenture to be qualified” means this Indenture. 
 “indenture trustee” or
“institutional trustee” means the Trustee. 
 “obligor on the indenture securities” means the Company or
any other obligor on the Securities. 
 All other terms used in this Indenture that are defined by the TIA, defined in the TIA by reference
to another statute or defined by SEC rule have the meanings therein assigned to them. 
  

	 	1.4	Rules of Construction. 

 Unless the context
otherwise requires: 
 (1) a term has the meaning assigned to it herein, whether defined expressly or by reference; 
 (2) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 
 (3) “or” is not exclusive; 
 (4) words in the singular include the plural, and in the plural include the singular; 
 (5) words used herein implying any gender
shall apply to each gender; and 
 (6) 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 sub-division. 
 ARTICLE 2 
 THE SECURITIES 
  

	 	2.1	Issuable in Series. 

 The aggregate principal amount
of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more Series. All 

  

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Securities of a Series shall be identical except as may be set forth in a Board Resolution, a supplemental indenture or an Officers’ Certificate
detailing the adoption of the terms thereof pursuant to the authority granted under a Board Resolution. In the case of Securities of a Series to be issued from time to time, the Board Resolution, Officers’ Certificate or supplemental indenture
may provide for the method by which specified terms (such as interest rate, Stated Maturity, record date or date from which interest shall accrue) are to be determined. Securities may differ between Series in respect of any matters, provided
that all Series of Securities shall be equally and ratably entitled to the benefits of the Indenture. 
  

	 	2.2	Establishment of Terms of Series of Securities. 

 At
or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the case of Subsection 2.2(1) and either as to such Securities within the Series or as to the Series generally in the case
of Subsections 2.2(2) through 2.2(25) by a Board Resolution, a supplemental indenture or an Officers’ Certificate, in each case, pursuant to authority granted under a Board Resolution: 
 (1) the title of the Series (which shall distinguish the Securities of that particular Series from the Securities of any other Series); 
 (2) the price or prices (expressed as a percentage of the principal amount thereof) at which the Securities of the Series will be issued; 
 (3) any limit upon the aggregate principal amount of the Securities of the Series which may be authenticated and delivered under this Indenture (except
for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series pursuant to Section 2.7, 2.8, 2.11, 3.6 or 8.5); 
 (4) the date or dates on which the principal of the Securities of the Series is payable; 
 (5) the rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to determine such rate or rates (including, but not
limited to, any commodity, commodity index, stock exchange index or financial index) at which the Securities of the Series shall bear interest, if any, the date or dates from which such interest, if any, shall accrue, the date or dates on which such
interest, if any, shall commence and be payable and any regular record date for the interest payable on any Interest Payment Date; 
 (6) the
place or places where the principal of and interest and premium, if any, on the Securities of the Series shall be payable, or the method of such payment, if by wire transfer, mail or other means; 
 (7) if applicable, the period or periods within which, the price or prices at which and the terms and conditions upon which the Securities of the Series
may be redeemed, in whole or in part, at the option of the Company; 
 (8) the obligation, if any, of the Company to redeem or purchase the
Securities of the Series pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the Series
shall be redeemed or purchased, in whole or in part, pursuant to such obligation; 
  

 -7- 

 (9) the dates, if any, on which and the price or prices at which the Securities of the Series will be
repurchased by the Company at the option of the Holders thereof and other detailed terms and provisions of such repurchase obligations; 
 (10) if other than denominations of $1,000 and any integral multiple thereof, the denominations in which the Securities of the Series shall be issuable; 
 (11) the forms of the Securities of the Series in bearer or fully registered form (and, if in fully registered form, whether the Securities will be issuable as Global Securities); 
 (12) if other than the principal amount thereof, the portion of the principal amount of the Securities of the Series that shall be payable upon
declaration of acceleration of the maturity thereof pursuant to Section 6.2; 
 (13) the currency of denomination of the Securities of
the Series, which may be Dollars or any Foreign Currency, including, but not limited to, the ECU, and if such currency of denomination is a composite currency other than the ECU, the agency or organization, if any, responsible for overseeing such
composite currency; 
 (14) the designation of the currency, currencies or currency units in which payment of the principal of and interest
and premium, if any, on the Securities of the Series will be made; 
 (15) if payments of principal of, interest or premium, if any, on the
Securities of the Series are to be made in one or more currencies or currency units other than that or those in which such Securities are denominated, the manner in which the exchange rate with respect to such payments will be determined;

 (16) the manner in which the amounts of payment of principal of and interest and premium, if any, on the Securities of the Series will be
determined, if such amounts may be determined by reference to an index based on a currency or currencies or by reference to a commodity, commodity index, stock exchange index or financial index; 
 (17) the provisions, if any, relating to any security provided for the Securities of the Series; 
 (18) any addition to or change in the Events of Default which applies to any Securities of the Series and any change in the right of the Trustee or the
requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.2; 
 (19) any
addition to or change in the covenants set forth in Articles 4 or 5 which applies to Securities of the Series; 
 (20) any other terms of the
Securities of the Series (which terms shall not be inconsistent with the provisions of this Indenture, except as permitted by Section 8.1, but which may modify or delete any provision of this Indenture insofar as it applies to such Series).

  

 -8- 

 (21) any depositories, interest rate calculation agents, exchange rate calculation agents or other agents
with respect to Securities of such Series if other than those appointed herein; 
 (22) the terms and conditions, if any, upon which the
Securities and any guarantees thereof shall be subordinated in right of payment to other indebtedness of the Company or any guarantor; 
 (23) the form and terms of any guarantee of the Securities; 
 (24) if applicable, that the Securities of the Series, in whole or
any specified part, shall be defeasible pursuant to Article 9; and 
 (25) if applicable, that the Securities of the Series, in whole or any
specified part, shall be convertible into equity securities of the Company 
 All Securities of any one Series need not be issued at the same
time and may be issued from time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the Board Resolution, supplemental indenture or Officers’ Certificate referred to above, and the authorized principal amount
of any Series may not be increased to provide for issuances of additional Securities of such Series, unless otherwise provided in such Board Resolution, supplemental indenture or Officers’ Certificate. 
  

	 	2.3	Execution and Authentication. 

 The Securities shall
be executed on behalf of the Company by two Officers of the Company or an Officer and an Assistant Secretary of the Company. Each such signature may be either manual or facsimile. The Company’s seal may be impressed, affixed, imprinted or
reproduced on the Securities and may be in facsimile form. 
 If an Officer whose signature is on a Security no longer holds that office at
the time the Security is authenticated, the Security shall nevertheless be valid. A Security shall not be valid until authenticated by the manual signature of the Trustee or an authenticating agent. The signature shall be conclusive evidence that
the Security has been authenticated under this Indenture. 
 The Trustee shall at any time, and from time to time, authenticate Securities
for original issue in the principal amount provided in the Board Resolution, supplemental indenture hereto or Officers’ Certificate, upon receipt by the Trustee of a Company Order. Such Company Order may authorize authentication and delivery
pursuant to oral or electronic instructions from the Company or its duly authorized agent or agents, which oral instructions shall be promptly confirmed in writing. 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. 
 The aggregate principal amount of
Securities of any Series outstanding at any time may not exceed any limit upon the maximum principal amount for such Series set forth in the Board Resolution, supplemental indenture hereto or Officers’ Certificate delivered pursuant to
Section 2.2, except as provided in Section 2.8. 
  

 -9- 

 Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to
Section 7.2) shall be fully protected in relying on: (a) the Board Resolution, supplemental indenture hereto or Officers’ Certificate establishing the form of the Securities of that Series or of Securities within that Series and the
terms of the Securities of that Series or of Securities within that Series, (b) an Officers’ Certificate complying with Section 10.4, and (c) an Opinion of Counsel complying with Section 10.4. 
 The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised in writing
by outside counsel, determines that such action may not lawfully be taken; or (b) if the Trustee in good faith by its board of directors or trustees, executive committee or a trust committee of directors and/or vice-presidents shall reasonably
determine that such action would expose the Trustee to personal liability, or cause it to have a conflict of interest with respect to Holders of any then outstanding Series of Securities. 
 The Trustee may appoint an authenticating agent reasonably acceptable to the Company to authenticate Securities. An authenticating agent may authenticate
Securities whenever the Trustee may do so. Any appointment shall be evidenced by instrument signed by an authorized officer of the Trustee, a copy of which shall be furnished to the Company. Each reference in this Indenture to authentication by the
Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with the Company or an Affiliate of the Company. 
  

	 	2.4	Registrar and Paying Agent. 

 The Company shall
maintain an office or agency where Securities of any Series may be presented for registration of transfer or for exchange (“Registrar”), an office or agency located in the Borough of Manhattan, City of New York, State of New York
where Securities may be presented for payment (“Paying Agent”), and an office or agency where notices and demands to or upon the Company in respect of the Securities and this Indenture may be served (“Service
Agent”). The Registrar shall keep a register of the Securities and of their transfer and exchange. The Company may have one or more co-registrars and one or more additional paying agents. The Company shall give prompt written notice to the
Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or to furnish the Trustee with the address thereof, such presentations, surrenders, notices
and demands may be made or served at the address of the Trustee as set forth in 10.2. Neither the Company nor any Affiliate of the Company may act as Paying Agent. The Company may change any Paying Agent, Registrar or co-registrar without notice to
any Securityholder. 
 The Company may also from time to time designate one or more other offices or agencies where the Securities may be
presented or surrendered for any or all such purposes and may from time to time rescind such designations. The Company shall give prompt written notice to the Trustee of such designation or rescission and of any change in the location of any such
other office or agency. 
 The Company shall enter into an appropriate agency agreement with any Registrar or Paying Agent not a party to
this Indenture. The agreement shall implement the provisions of this Indenture that relate to such Agent. The Company shall notify the Trustee of the name and 

  

 -10- 

 
address of any such Agent. If the Company fails to maintain a Registrar or Paying Agent, or agent for service of notices and demands, or fails to give the
foregoing notice, the Trustee shall act as such. The Company hereby appoints the Trustee as the initial Registrar, Paying Agent and Service Agent for each Series unless another Registrar, Paying Agent or Service Agent, as the case may be, is
appointed prior to the time Securities of that Series are first issued. The Company hereby initially designates the Corporate Trust Office of the Trustee as such office of the Company. 
  

	 	2.5	Paying Agent To Hold Assets in Trust. 

 The Trustee
as Paying Agent shall, and the Company shall require each Paying Agent other than the Trustee to agree in writing that each Paying Agent shall hold in trust for the benefit of the Holders of any Series of Securities or the Trustee all assets held by
the Paying Agent for the payment of principal of, or interest or premium (if any) on, such Series of Securities (whether such assets have been distributed to it by the Company or any other obligor on such Series of Securities), and the Company and
the Paying Agent shall notify the Trustee in writing of any Default by the Company (or any other obligor on such Series of Securities) in making any such payment. The Company at any time may require a Paying Agent to distribute all assets held by it
to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment default with respect to any Series of Securities, upon written request to a Paying Agent, require such Paying Agent to
distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by the Company to the Paying Agent, the Paying Agent shall have no further
liability for such assets. 
  

	 	2.6	Securityholder Lists. 

 The Trustee shall preserve
in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Securityholders of each Series of Securities. If the Trustee is not the Registrar, the Company shall furnish to the Trustee as of
each regular record date for the payment of interest on the Securities of a Series and before each related Interest Payment Date, and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee
may reasonably require of the names and addresses of Securityholders of each Series of Securities. 
  

	 	2.7	Transfer and Exchange. 

 When Securities of a Series
are presented to the Registrar with a request to register the transfer thereof, the Registrar shall register the transfer as requested, and when such Securities of a Series are presented to the Registrar with a request to exchange them for an equal
principal amount of other authorized denominations of Securities of the same Series, the Registrar shall make the exchange as requested. To permit transfers and exchanges, upon surrender of any Security for registration of transfer at the office or
agency maintained pursuant to Section 2.4 hereof, the Company shall execute and the Trustee shall authenticate Securities at the Registrar’s request. 
  

 -11- 

 Notwithstanding any other provision of this Section 2.7, unless and until it is exchanged in whole
or in part for definitive Securities, a Global Security may not be transferred except as a whole by the Depositary to a nominee of such Depositary or by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by such
Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. 
 If (i) the Depositary is at any
time unwilling, unable or ineligible to continue as Depositary and a successor Depositary is not appointed by the Company within 90 days after the date the Company is so informed in writing or becomes aware of the same, or (ii) a Default or an
Event of Default has occurred and is continuing, the Company promptly will execute and deliver to the Trustee definitive Securities, and the Trustee, upon receipt of a Company Request for the authentication and delivery of such definitive Securities
(which the Company will promptly execute and deliver to the Trustee), will authenticate and deliver definitive Securities, without charge, in an aggregate principal amount equal to the principal amount of the outstanding Global Securities, in
exchange for and upon surrender of all such Global Securities. 
 In any exchange provided for in the preceding paragraph, the Company will
execute and the Trustee will authenticate and deliver definitive Securities in the authorized denominations provided by Section 2.3. 
 Upon the exchange of a Global Security for definitive Securities, such Global Security shall be canceled by the Trustee. Definitive Securities issued in exchange for Global Securities pursuant to this Section 2.7 shall be registered in
such names and in such authorized denominations as the Depositary, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. 
 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 or transfer or exchange. 
 Every Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Registrar or a co-Registrar) be duly endorsed, or be accompanied by a written instrument of transfer in form
satisfactory to the Company and the Registrar or a co-Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing. 
 Any exchange or transfer shall be without charge, except that the Company may require payment by the Holder of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation to a transfer or exchange, but
this provision shall not apply to any exchange pursuant to Section 2.11, 3.6 or 8.5 hereof. The Trustee shall not be required to register transfers of Securities of any Series or to exchange Securities of any Series for a period of 15 days
before selection for redemption of such Securities. The Trustee shall not be required to exchange or register transfers of Securities of any Series called or being called for redemption in whole or in part, except the unredeemed portion of such
Security being redeemed in part. 
  

 -12- 

	 	2.8	Replacement Securities. 

 If a mutilated Security is
surrendered to the Trustee or if the Holder of a Security presents evidence to the satisfaction of the Company and the Trustee that the Security has been lost, destroyed or wrongfully taken, the Company shall issue and the Trustee shall authenticate
a replacement Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. An indemnity bond may be required by the Company or the Trustee that is sufficient in the reasonable judgment of
the Company or the Trustee, as the case may be, to protect the Company, the Trustee or any Agent from any loss which any of them may suffer if a Security is replaced. The Company may charge such Holder for its reasonable, out-of-pocket expenses in
replacing a Security, including the fees and expenses of counsel. Every replacement Security shall constitute an additional 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 proportionally with any and all other Securities of that Series duly issued hereunder. 
  

	 	2.9	Outstanding Securities. 

 Securities outstanding at
any time are all Securities authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, and those described in this Section 2.9 as not outstanding. 
 If a Security is replaced pursuant to Section 2.8 (other than a mutilated Security surrendered for replacement), it ceases to be outstanding until
the Company and the Trustee receive proof satisfactory to each of them that the replaced Security is held by a bona fide purchaser. A mutilated Security ceases to be outstanding upon surrender of such Security and replacement thereof pursuant to
Section 2.8. 
 If a Paying Agent holds on a Redemption Date or Maturity Date of a Series of Securities money sufficient to pay the
principal of, premium, if any, and accrued interest on Securities payable on that date and is not prohibited from paying such money to the Holders thereof pursuant to the terms of this Indenture, then on and after that date such Securities cease to
be outstanding and interest on them ceases to accrue. 
 Subject to Section 2.10, a Security does not cease to be outstanding solely
because the Company or an Affiliate holds the Security. 
  

	 	2.10	  Treasury Securities. 

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

 -13- 

	 	2.11  	Temporary Securities. 

 Until definitive Securities
are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities. Temporary Securities shall be substantially in the form, and shall carry all rights, of definitive Securities but may have variations that the
Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate definitive Securities in exchange for temporary Securities presented to it. 
  

	 	2.12  	Cancellation. 

 The Company at any time may deliver
Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee any Securities surrendered to them for transfer, exchange or payment. At the direction of the Trustee, the Registrar or the Paying Agent, and
no one else, shall cancel and at the written request of the Company, shall dispose of all Securities surrendered for transfer, exchange, payment or cancellation. If the Company shall acquire any of the Securities, such acquisition shall not operate
as a redemption or satisfaction of the Indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation pursuant to this Section 2.12. 
  

	 	2.13  	Payment of Interest; Defaulted Interest; Computation of Interest. 

 Except as otherwise provided as contemplated by Section 2.2 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 is registered at the close of business on the regular record date for such interest, as provided in the Board Resolution, supplemental indenture hereto or Officers’
Certificate establishing the terms of such Series. 
 With respect to any Holder with an aggregate principal amount of Securities of any
Series in an amount in excess of $2,000,000, upon receipt by the Trustee of a written request from such Holder, payments of interest with respect to such Securities shall be made to such Holder by wire transfer of immediately available funds. Each
other Holder shall receive payments of interest by check or by transfer to an account maintained by such Holder in the United States. 
 If
the Company defaults in a payment of interest on the Securities, it shall pay the defaulted amounts, plus any interest payable on defaulted amounts pursuant to Section 4.1 hereof, to the persons who are Securityholders on a subsequent special
record date, which date shall be the fifteenth day next preceding the date fixed by the Company for the payment of defaulted interest or the next succeeding Business Day if such date is not a Business Day. At least 15 days before the special record
date, the Company shall mail or cause to be mailed to each Securityholder, with a copy to the Trustee, a notice that states the special record date, the payment date, and the amount of defaulted interest, and interest payable on such defaulted
interest, if any, to be paid. 
 Except as otherwise specified as contemplated by Section 2.2 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. 
  

 -14- 

	 	2.14  	CUSIP Number. 

 The Company in issuing the
Securities may use one or more “CUSIP” numbers, and if so, the Trustee shall use the CUSIP number(s) in notices of redemption or exchange as a convenience to Holders, provided that any such notice may state that no representation is made
as to the correctness or accuracy of the CUSIP number(s) printed in the notice or on the Securities, and that reliance may be placed only on the other identification numbers printed on the Securities. 
  

	 	2.15  	Provisions for Global Securities. 

 (a) A Board
Resolution, a supplemental indenture hereto or an Officers’ Certificate shall establish whether the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depositary for such Global
Securities or Securities. 
 (b) Notwithstanding any provisions to the contrary contained in Section 2.7 of the Indenture and in
addition thereto, any Global Security shall be exchangeable pursuant to Section 2.7 of the Indenture for Securities registered in the names of Holders other than the Depositary for such Security or its nominee only if (i) such Depositary
notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency registered under the Exchange Act, and, in either case, the Company fails to
appoint a successor Depositary within 90 days after such event, (ii) the Company executes and delivers to the Trustee an Officers’ Certificate to the effect that such Global Security shall be so exchangeable or (iii) a Default or an
Event of Default with respect to the Securities represented by such Global Security shall have occurred and be continuing. Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in
such names as the Depositary shall direct in writing in an aggregate principal amount equal to the principal amount of the Global Security with like tenor and terms. 
 Except as provided in this Section 2.15(b), a Global Security may not be transferred except as a whole by the Depositary with respect to such Global Security to a nominee of such Depositary, by a nominee of such
Depositary to such Depositary or another nominee of such Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such a successor Depositary. 
 (c) Any Global Security issued hereunder shall bear a legend in substantially the following form: 
 “This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of the Depositary or a
nominee of the Depositary. This Security is exchangeable for Securities registered in the name of a person other than the Depositary or its nominee only in the limited circumstances described in the Indenture, and may not be transferred except as a
whole by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such a successor
Depositary.” 
  

 -15- 

 (d) The Depositary, as a Holder, may appoint agents and otherwise authorize participants to give or take
any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under the Indenture. 
 (e) Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated by Section 2.2, payment of the principal of and interest and premium, if any, on any Global Security shall be
made to the Depositary or its nominee in its capacity as the Holder thereof. 
 (f) Except as provided in Section 2.15(e), the Company,
the Trustee and any Agent shall treat a person as the Holder of such principal amount of outstanding Securities of any Series represented by a Global Security as shall be specified in a written statement of the Depositary (which may be in the form
of a participants’ list for such Series) with respect to such Global Security, for purposes of obtaining any consents, declarations, waivers or directions required to be given by the Holders pursuant to this Indenture. 
  

	 	2.16  	Persons Deemed Owners. 

 Prior to due presentment of
a Security for registration of transfer, the Company, the Trustee, the Registrar and any agent of the Company, the Registrar 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 2.13) any interest on such Security and for all other purposes whatsoever, and neither the Company, the Trustee, the Registrar nor any agent of the Company, the
Registrar or the Trustee shall be affected by notice to the contrary. 
 ARTICLE 3 
 REDEMPTION 
  

	 	3.1	Notices of Trustee. 

 The Company may, with respect
to any Series of Securities, reserve the right to redeem and pay the Series of Securities or may covenant to redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided
for in such Securities or the related Board Resolution, supplemental indenture or Officers’ Certificate. If a Series of Securities is redeemable and the Company elects to redeem such Securities of a Series, it shall notify the Trustee of the
Redemption Date and the principal amount of Securities to be redeemed at least 35 days (unless a shorter notice shall be satisfactory to the Trustee) but not more than 60 days before the Redemption Date. Any such notice may be canceled at any time
prior to notice of such redemption being mailed to any Holder and shall thereby be void and of no effect. 
  

	 	3.2	Selection by Trustee of Securities to Be Redeemed. 

 Unless otherwise indicated for a particular Series of Securities by a Board Resolution, a supplemental indenture or an Officers’ Certificate, if fewer than all of the Securities of a Series are to be redeemed, the Trustee shall select
the Securities of a Series to be redeemed pro rata, by lot or by any other method that the Trustee considers fair and appropriate and, if such Securities are listed on any securities exchange, by a method that complies with the requirements of such
exchange. 
  

 -16- 

 The Trustee shall make the selection from Securities of a Series outstanding and not previously called
for redemption and shall promptly notify the Company in writing of the Securities selected for redemption and, in the case of any Security selected for partial redemption, the principal amount thereof to be redeemed. Securities of a Series in
denominations of $1,000 may be redeemed only in whole. The Trustee may select for redemption portions of the principal of Securities of a Series that have denominations larger than $1,000. Securities of a Series and portions of them it selects shall
be in amounts of $1,000 or, with respect to Securities of any Series issuable in other denominations pursuant to Section 2.2(10), the minimum principal denomination for each Series and integral multiples thereof. Provisions of this Indenture
that apply to Securities called for redemption also apply to portions of Securities called for redemption. 
  

	 	3.3	Notice of Redemption. 

 Unless otherwise indicated
for a particular Series by Board Resolution, a supplemental indenture hereto or an Officers’ Certificate, at least 30 days, and no more than 60 days, before a Redemption Date, the Company shall mail, or cause to be mailed, a notice of
redemption by first-class mail to each Holder of Securities to be redeemed at his or her last address as the same appears on the registry books maintained by the Registrar. 
 The notice shall identify the Securities to be redeemed (including the CUSIP number(s) thereof, if any) and shall state: 
 (1) the Redemption Date; 
 (2) the redemption
price; 
 (3) if any Security of a Series is being redeemed in part, the portion of the principal amount of such Security of a Series to be
redeemed and that, after the Redemption Date and upon surrender of such Security of a Series, a new Security or Securities in principal amount equal to the unredeemed portion will be issued; 
 (4) the name and address of the Paying Agent; 
 (5) that Securities of a Series called for redemption must be surrendered to the Paying Agent to collect the redemption price, and the place or places where each such Security is to be surrendered for such payment; 
 (6) that, unless the Company defaults in making the redemption payment, interest on the Securities of a Series called for redemption ceases to accrue on
or after the Redemption Date, and the only remaining right of the Holders of such Securities is to receive payment of the redemption price upon surrender to the Paying Agent of the Securities redeemed; and 
 (7) if fewer than all the Securities of a Series are to be redeemed, the identification of the particular Securities of a Series (or portion thereof) to
be redeemed, as well as the aggregate principal amount of Securities of a Series to be redeemed and the aggregate principal amount of Securities of a Series to be outstanding after such partial redemption. 
  

 -17- 

 At the Company’s request, the Trustee shall give the notice of redemption in the Company’s name
and at the Company’s sole expense. 
  

	 	3.4	Effect of Notice of Redemption. 

 Once the notice of
redemption described in Section 3.3 is mailed, Securities of a Series called for redemption become due and payable on the Redemption Date and at the redemption price, plus interest, if any, accrued to (but not including) the Redemption Date.
Upon surrender to the Trustee or Paying Agent, such Securities of a Series shall be paid at the redemption price, plus accrued interest, if any, to (but not including) the Redemption Date, provided that if the Redemption Date is after a regular
interest payment record date and on or prior to the next Interest Payment Date, the accrued interest shall be payable to the Holder of the redeemed Securities registered on the relevant record date, as specified by the Company in the notice to the
Trustee pursuant to Section 3.1 hereof. 
  

	 	3.5	Deposit of Redemption Price. 

 On or prior to the
Redemption Date, the Company shall deposit with the Paying Agent money sufficient to pay the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date other than Securities or portions thereof called for
redemption on that date which have been delivered by the Company to the Trustee for cancellation. 
 On and after any Redemption Date, if
money sufficient to pay the redemption price of and accrued interest on Securities called for redemption shall have been made available in accordance with the preceding paragraph and the Company and the Paying Agent are not prohibited from paying
such moneys to Holders, the Securities called for redemption will cease to accrue interest and the only right of the Holders of such Securities will be to receive payment of the redemption price of and, subject to the proviso in Section 3.4,
accrued and unpaid interest on such Securities to the Redemption Date. If any Security called for redemption shall not be so paid, interest will be paid, from the Redemption Date until such redemption payment is made, on the unpaid principal of the
Security and any interest or premium (if any) not paid on such unpaid principal, in each case, at the rate and in the manner provided in the Securities. 
  

	 	3.6	Securities Redeemed in Part. 

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

 -18- 

 ARTICLE 4 
 COVENANTS 
  

	 	4.1	Payment of Securities. 

 The Company shall pay the
principal of and interest and premium, if any, on each Series of Securities on the dates and in the manner provided in such Securities and this Indenture. 
 An installment of principal or interest shall be considered paid on the date it is due if the Trustee or Paying Agent holds on that date money designated for and sufficient to pay such installment and is not
prohibited from paying such money to the Holders pursuant to the terms of this Indenture or otherwise. 
 The Company shall pay interest on
overdue principal, and overdue interest, to the extent lawful, at the rate specified in the Series of Securities. 
  

	 	4.2	SEC Reports. 

 The Company will deliver to the
Trustee and the Holders of Securities within 15 days after the filing of the same with the SEC, copies of the quarterly and annual report and of the information documents and other reports, if any, which the Company is required to file with the SEC
pursuant to Section 13 or 15(d) of the Exchange Act. Notwithstanding that the Company may not be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, the Company will file with the SEC, to the extent permitted,
and provide the Trustee, Holders of each Series of Securities and prospective holders of each Series of Securities with such quarterly and annual reports and such information, documents and other reports specified in Section 13 and 15(d) of the
Exchange Act. The Company will also comply with the other provisions of TIA Section 314(a). 
  

	 	4.3	Waiver of Stay, Extension or Usury Laws. 

 The
Company covenants (to the extent that it may lawfully do so) that they will not at any time insist upon, or plead (as a defense or otherwise) or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension law, usury law
or other law which would prohibit or forgive the Company from paying all or any portion of the principal of, premium, if any, and/or interest on the Securities as contemplated herein, wherever enacted, now or at any time hereafter in force, or which
may affect the covenants or the performance of this Indenture; and (to the extent that they may lawfully do so) the Company hereby expressly waives all benefit or advantage of any such law, and covenants that it will not hinder, delay or impede the
execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 
  

	 	4.4	Compliance Certificate. 

 (a) The Company shall
deliver to the Trustee, within 90 days after the end of each fiscal year of the Company, an Officers’ Certificate which complies with TIA Section 314(a)(4) stating that a review of the activities of the Company and its Subsidiaries during
such fiscal year has been made under the supervision of the signing Officers with a view to determining whether 

  

 -19- 

 
each has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to each such Officer signing such certificate,
that to the best of his or her knowledge each has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions
hereof (or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which he or she may have knowledge and what action each is taking or proposes to take with respect thereto) and that to the best
of his or her knowledge no event has occurred and remains in existence by reason of which payments on account of the principal of or interest or premium, if any, on the Securities is prohibited or if such event has occurred, a description of the
event and what action each is taking or proposes to take with respect thereto. 
 (b)(i) If any Default or Event of Default has occurred and
is continuing or (ii) if any Holder seeks to exercise any remedy hereunder with respect to a claimed Default under this Indenture or the Securities, the Company shall deliver to the Trustee an Officers’ Certificate specifying such event,
notice or other action within five Business Days of its becoming aware of such occurrence and what action the Company is taking or proposes to take with respect thereto. 
  

	 	4.5	Payment of Taxes and Other Claims. 

 The Company
shall pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (i) all taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or
imposed upon it or any of its Significant Subsidiaries or properties of it or any of its Significant Subsidiaries and (ii) all lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of it
or any of its Significant Subsidiaries; 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 if the amount, applicability or validity thereof
is being contested in good faith by appropriate proceedings and an adequate reserve has been established therefor to the extent required by GAAP. 
  

	 	4.6	Corporate Existence. 

 Subject to Article 5 hereof,
the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence, and the corporate, partnership or other existence of each Significant Subsidiary, in accordance with the respective
organizational documents (as the same may be amended from time to time) of the Company and of each Significant Subsidiary, and the rights (charter and statutory), licenses and franchises of the Company and its Significant Subsidiaries; provided,
however, that the Company shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any of its Significant Subsidiaries, if the Board of Directors shall determine that the
preservation thereof is no longer desirable in the conduct of the business of the Company and its Significant Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any material respect to the Holders. 
  

 -20- 

	 	4.7	Maintenance of Properties. 

 The Company will cause
all properties used or useful in the conduct of its business or the business of any Subsidiary 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 in the judgment of the Company may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times;
provided, however, that nothing in this Section 4.7 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 or the business of any Subsidiary and not disadvantageous in any material respect to the Holders. 
 ARTICLE 5

 SUCCESSOR CORPORATION 
  

	 	5.1	Limitation on Consolidation, Merger and Sale of Assets. 

 (a) The Company will not, in any transaction or series of transactions, merge or consolidate with or into, or sell, assign, convey, transfer, lease or otherwise dispose of all or substantially all of its properties and assets (as an
entirety or substantially as an entirety in one transaction or a series of related transactions), to any Person or Persons, and the Company will not permit any of its Significant Subsidiaries to enter into any such transaction or series of
transactions if such transaction or series of transactions, in the aggregate, would result in a sale, assignment, conveyance, transfer, lease or other disposition of all or substantially all of the properties and assets of the Company or the Company
and its Significant Subsidiaries, taken as a whole, to any other Person or Persons, unless at the time of and after giving effect thereto (i) either (A) if the transaction or series of transactions is a merger or consolidation, the Company
shall be the surviving Person of such merger or consolidation, or (B) the Person formed by such consolidation or into which the Company or such Significant Subsidiary is merged or to which the properties and assets of the Company or such
Significant Subsidiary, as the case may be, are transferred (any such surviving person or transferee Person being the “Surviving Entity”) shall be a corporation organized and existing under the laws of the United States of America,
any state thereof or the District of Columbia and shall expressly assume by a supplemental indenture executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, all the obligations of the Company (including, without
limitation, the obligation to pay the principal of, and premium and interest, if any, on the Securities and the performance of the other covenants) under the Securities of each Series and this Indenture, and in each case, this Indenture shall remain
in full force and effect; and (ii) immediately before and immediately after giving effect to such transaction or series of transactions on a pro forma basis (including, without limitation, any Indebtedness incurred or anticipated to be incurred
in connection with or in respect of such transaction or series of transactions), no Default or Event of Default shall have occurred and be continuing. 
 (b) In connection with any consolidation, merger or transfer of assets contemplated by this Section 5.1, the Company shall deliver, or cause to be delivered, to the Trustee, in form and substance reasonably
satisfactory to the Trustee, an Officers’ Certificate and an Opinion of 

  

 -21- 

 
Counsel, each stating that such consolidation, merger or transfer and the supplemental indenture in respect thereto comply with this Section 5.1 and
that all conditions precedent herein provided for relating to such transaction or transactions have been complied with. 
  

	 	5.2	Successor Person Substituted. 

 Upon any
consolidation or merger, or any transfer of all or substantially all of the assets of the Company or any Significant Subsidiary in accordance with Section 5.1 above, the successor corporation formed by such consolidation or into which the
Company is merged or to which such transfer 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 corporation had been named as the
Company herein, and thereafter (except with respect to any such transfer which is a lease) the predecessor corporation shall be relieved of all obligations and covenants under this Indenture and the Securities. 
 ARTICLE 6 
 DEFAULTS AND REMEDIES

  

	 	6.1	Events of Default. 

 “Events of
Default,” wherever used herein with respect to Securities of any Series, means any one of the following events, unless in the establishing Board Resolution, supplemental indenture or Officers’ Certificate, it is provided that such
Series shall not have the benefit of said Event of Default: 
 (1) there is a default in the payment of any principal of, or premium, if any,
on the Securities when the same becomes due and payable at maturity, upon acceleration, redemption or otherwise; 
 (2) there is a default in
the payment of any interest on any Security of a Series when the same becomes due and payable and the Default continues for a period of 30 days; 
 (3) the Company defaults in the observance or performance of any other covenant in the Securities of a Series or this Indenture for 45 days after written notice from the Trustee or the Holders of not less than 25% in the aggregate principal
amount of the Securities of such Series then outstanding; 
 (4) there is a default or are defaults under one or more agreements,
instruments, mortgages, bonds, debentures or other evidences of Indebtedness under which the Company or any Significant Subsidiary of the Company then has outstanding Indebtedness in excess of $10 million, individually or in the aggregate, and
either (a) such Indebtedness is already due and payable in full or (b) such default or defaults have resulted in the acceleration of the maturity of such Indebtedness; 
 (5) a court of competent jurisdiction enters a final judgment or judgments which can no longer be appealed for the payment of money in excess of $10
million (not covered by insurance) against the Company or any Significant Subsidiary and such judgment remains undischarged for a period of 60 consecutive days during which a stay of enforcement of such judgment shall not be in effect; 

 

 -22- 

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

 (A) commences a voluntary case, 
 (B) consents to the entry of an order for relief against it in an involuntary case, 
 (C) consents to the appointment of a
Custodian of it or for all or substantially all of its property, 
 (D) makes a general assignment for the benefit of its creditors, or

 (E) generally is not paying its debts as they become due; 
 (7) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (A) is for
relief against the Company or any Significant Subsidiary in an involuntary case; 
 (B) appoints a Custodian of the Company or any
Significant Subsidiary or for all or substantially all of the property of the Company or any Significant Subsidiary; or 
 (C) orders the
liquidation of the Company or any Significant Subsidiary, and the order or decree remains unstayed and in effect for 60 days; or 
 (8) any
other Event of Default provided with respect to Securities of that Series, which is specified in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate, in accordance with Section 2.2(18). 
 The term “Bankruptcy Law” means Title 11, U.S. Code or any similar Federal or state law for the relief of debtors. The term
“Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 
 The Trustee
may withhold notice of any Default (except in payment of principal or premium, if any, or interest on the Securities) to the Holders of the Securities of any Series in accordance with Section 7.5. 
  

	 	6.2	Acceleration. 

 If an Event of Default with respect
to Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(6) or (7)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than 25% in
aggregate principal amount of the Securities of that Series then outstanding may by written notice to the Company and the Trustee declare that the entire principal amount of all the Securities of that 

  

 -23- 

 
Series then outstanding plus accrued and unpaid interest to the date of acceleration are immediately due and payable, in which case such amounts shall become
immediately due and payable; provided, however, that after such acceleration but before a judgment or decree based on such acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding
Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the nonpayment of accelerated principal, premium, if any, or interest that has become due solely because of
the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration,
has been paid and (iii) if the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent Default or impair any right consequent thereto. In case an Event of Default specified in
Section 6.1(6) or (7) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities of that Series shall be due and payable immediately without any declaration or other act
on the part of the Trustee or the Holders of the Securities of that Series. 
  

	 	6.3	Other Remedies. 

 If an Event of Default with
respect to Securities of any Series at the time outstanding occurs and is continuing, the Trustee may pursue any available remedy by proceeding at law or in equity to collect the payment of principal of, or premium, if any, and interest on the
Securities of that Series or to enforce the performance of any provision of the Securities of that Series or this Indenture. 
 The Trustee
may maintain a proceeding even if it does not possess any of the Securities of that Series or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Securityholder in exercising any right or remedy accruing upon an
Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other remedy. All available remedies are cumulative to the extent permitted by law. 
  

	 	6.4	Waiver of Past Defaults and Events of Default. 

 Subject to Sections 6.2, 6.7 and 8.2 hereof, the Holders of a majority in principal amount of the Securities of any Series then outstanding have the right to waive any existing Default or Event of Default with respect to such Series or
compliance with any provision of this Indenture (with respect to such Series) or the Securities of such Series. Upon any such waiver, such Default with respect to such Series shall cease to exist, and any Event of Default with respect to such Series
arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto. 
  

	 	6.5	Control by Majority. 

 The Holders of a majority in
principal amount of the Securities of any Series then outstanding may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee by this 

  

 -24- 

 
Indenture with respect to such Series. The Trustee, however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee
determines may be unduly prejudicial to the rights of another Securityholder or that may involve the Trustee in personal liability; provided that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such
direction. 
  

	 	6.6	Limitation on Suits. 

 Subject to Section 6.7
below, a Securityholder may not institute any proceeding or pursue any remedy with respect to this Indenture or the Securities of a Series unless: 
 (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to the Securities of that Series; 
 (2) the Holders of at least 25% in aggregate principal amount of the Securities of such Series then outstanding make a written request to the Trustee to pursue the remedy; 
 (3) such Holder or Holders offer to the Trustee indemnity reasonably satisfactory to the Trustee against any loss, liability or expense to be incurred in
compliance with such request; 
 (4) the Trustee does not comply with the request within 60 days after receipt of the request and the offer
of indemnity; and 
 (5) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the
Holders of a majority in aggregate principal amount of the Securities of such Series then outstanding. 
 A Securityholder may not use this
Indenture to prejudice the rights of another Securityholder or to obtain a preference or priority over another Securityholder. 
  

	 	6.7	Rights of Holders To Receive Payment. 

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

  

	 	6.8	Collection Suit by Trustee. 

 If an Event of Default
in payment of principal, premium or interest specified in Section 6.1(1) or (2) hereof with respect to Securities of any Series at the time outstanding occurs and is continuing, the Trustee may recover judgment in its own name and as
trustee of an express trust against the Company (or any other obligor on the Securities of that Series) for the whole amount of unpaid principal and accrued interest remaining unpaid, together with interest on overdue principal and, to the extent
that payment of such interest is lawful, interest on overdue installments of interest, in each case at the rate then borne by the Securities of that 

  

 25 

 
Series, and such further amounts 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. 
  

	 	6.9	Trustee May File Proofs of Claim. 

 The Trustee may
file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel) and the Securityholders allowed in any judicial proceedings relative to the Company (or any other obligor upon the Securities), any of their respective creditors or any of their respective property and shall be entitled and empowered to
collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same after deduction of its charges and expenses to the extent that any such charges and expenses are not paid out of the estate in any
such proceedings and any custodian in any such judicial proceeding is hereby authorized by each Securityholder 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
Securityholders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.7 hereof.

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

	 	6.10	Priorities. 

 If the Trustee collects any money
pursuant to this Article 6, it shall pay out the money in the following order: 
 FIRST: to the Trustee for amounts due under Section 7.7
hereof; 
 SECOND: to Securityholders for amounts then due and unpaid for principal, premium, if any, and interest on the Securities in
respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and any premium and interest, respectively;
and 
 THIRD: to the Company. 
 The Trustee may fix a record date and payment date for any payment to Securityholders pursuant to this Section 6.10. 
  

	 	6.11	Undertaking for Costs. 

 In any suit for the
enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may 

  

 -26- 

 
require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable
costs, including reasonable attorneys’ fees, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the
Trustee, a suit by a Holder pursuant to Section 6.7 hereof or a suit by Holders of more than 10% in principal amount of the Securities of a Series then outstanding. 
 ARTICLE 7 
 TRUSTEE 
  

	 	7.1	Duties of Trustee. 

 (a) If an Event of Default has
occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture and use the same degree of care and skill in its exercise as a prudent person would exercise or use under the same circumstances in
the conduct of his own affairs. 
 (b) Except during the continuance of an Event of Default: 
 (1) The Trustee need perform only those duties that are specifically set forth in this Indenture and no covenants or obligations shall be implied in this
Indenture against the Trustee. 
 (2) 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 certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture but, in the case of any such certificates or opinions which by any
provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture. 
 (c) The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except
that: 
 (1) This paragraph does not limit the effect of paragraph (b) of this Section 7.1. 
 (2) 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. 
 (3) The Trustee shall not be liable with respect to any action it takes or omits to take in
good faith in accordance with a direction received by it pursuant to Sections 6.2 and 6.5 hereof. 
 (d) No provision of this Indenture shall
require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity
satisfactory to it against such risk or liability is not reasonably assured to it. 
  

 -27- 

 (e) Whether or not therein expressly so provided, paragraphs (a), (b), (c) and (d) of this
Section 7.1 shall govern every provision of this Indenture that in any way relates to the Trustee. 
 (f) The Trustee shall not be
liable for interest on any money received by it except as the Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by the law. 
 (g) The Paying Agent, the Registrar and any authenticating agent shall be entitled to the protections, immunities and standard of care set forth in
paragraphs (a), (b), (c), and (d) of this Section 7.1 and in Section 7.2 with respect to the Trustee. 
  

	 	7.2	Rights of Trustee. 

 (a) Subject to Section 7.1
hereof: 
 (1) The Trustee may rely on and shall be protected in acting or refraining from acting upon any document reasonably believed by it
to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in the document. 
 (2) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel, or both, which shall conform to the provisions of Section 10.5 hereof. The Trustee shall
be protected and shall not be liable for any action it takes or omits to take in good faith in reliance on such certificate or opinion. 
 (3) The Trustee may act through agents and shall not be responsible for the misconduct or negligence of any agent appointed by it with due care. 
 (4) The Trustee shall not be liable for any action it takes or omits to take in good faith which it reasonably believes to be authorized or within its rights or powers. 
 (5) The Trustee may consult with counsel of its selection, and the advice or opinion of such counsel as to matters of law shall be full and complete
authorization and protection from liability in respect of any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or opinion of such counsel. 
 (6) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of
any of the Holders pursuant to the provisions of this Indenture, unless such Holders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which may be incurred therein or thereby. 

(7) The Trustee shall not be deemed to have knowledge of any fact or matter unless such fact or matter is known to a Responsible Officer of the
Trustee. 
  

 -28- 

	 	7.3	Individual Rights of Trustee. 

 The Trustee in its
individual or any other capacity may become the owner or pledgee of Securities and may make loans to, accept deposits from, perform services for or otherwise deal with the Company, or any Affiliate thereof, with the same rights it would have if it
were not Trustee. Any Agent may do the same with like rights. The Trustee, however, shall be subject to Sections 7.10 and 7.11 hereof. 
  

	 	7.4	Trustee’s Disclaimer. 

 The Trustee makes no
representation as to the validity or adequacy of this Indenture or the Securities (except that the Trustee represents that it is duly authorized to execute and deliver this Indenture and authenticate the Securities and perform its obligations
hereunder), it shall not be accountable for the Company’s use of the proceeds from the sale of Securities or any money paid to the Company pursuant to the terms of this Indenture and it shall not be responsible for any statement in the
Securities other than its certificates of authentication. 
  

	 	7.5	Notice of Default. 

 If a Default or an Event of
Default occurs and is continuing with respect to the Securities of any Series and if it is known to the Trustee, the Trustee shall mail to each Securityholder of the Securities of that Series notice of the Default or the Event of Default, as the
case may be, within 30 days after it occurs. Except in the case of a Default or an Event of Default in payment of the principal of, or premium, if any, or interest on any Security of any Series, the Trustee may withhold the notice if and so long as
the Board of Directors of the Trustee, the executive committee or any trust committee of such board and/or its Responsible Officers in good faith determine(s) that withholding the notice is in the interests of the Securityholders of that Series.

  

	 	7.6	Reports by Trustee to Holders. 

 If and to the
extent required by the TIA, within 60 days after May 15 of each year, commencing the May 15 following the date of this Indenture, the Trustee shall mail to each Securityholder a brief report dated as of such May 15 that complies with
TIA Section 313(a). The Trustee also shall comply with TIA Sections 313(b) and 313(c). 
 A copy of each report at the time of its
mailing to Securityholders shall be filed with the SEC and any stock exchange on which the Securities of that Series are listed. The Company shall promptly notify the Trustee when the Securities of any Series are listed on any stock exchange, and
the Trustee shall comply with TIA Section 313(d). 
  

	 	7.7	Compensation and Indemnity. 

 The Company shall pay
to the Trustee from time to time reasonable compensation for its services. The Trustee’s compensation shall not be limited by any provision of law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon
request for all reasonable disbursements, expenses and advances incurred or made by it in connection with its duties under this Indenture, including the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel.

  

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 The Company shall indemnify the Trustee for, and hold it harmless against, any and all loss or liability
incurred by it in connection with the acceptance or performance of its duties under this Indenture including the reasonable costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any
of its powers or duties hereunder. The Trustee shall notify the Company promptly of any claim asserted against the Trustee for which it may seek indemnity. However, the failure by the Trustee to so notify the Company shall not relieve the Company of
its obligations. Notwithstanding the foregoing, the Company need not reimburse the Trustee for any expense or indemnify it against any loss or liability incurred by the Trustee through its negligence or bad faith. 
 To secure the payment obligations of the Company in this Section 7.7, 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 such money or property held in trust to pay principal of and interest and premium (if any) on particular Securities of that Series. 
 When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.1(6) or (7) hereof occurs, the expenses
and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 
 For purposes of this
Section 7.7, the term “Trustee” shall include any trustee appointed pursuant to Article 9. 
  

	 	7.8	Replacement of Trustee. 

 The Trustee may resign
with respect to the Securities of one or more Series by so notifying the Company in writing at least 90 days in advance of such resignation. 
 The Holders of a majority in principal amount of the outstanding Securities of any Series may remove the Trustee with respect to that Series by notifying the removed Trustee in writing and may appoint a successor Trustee with respect to
that Series with the written consent of the Company, which consent shall not be unreasonably withheld. The Company may remove the Trustee with respect to that Series at its election if: 
 (1) the Trustee fails to comply with, or ceases to be eligible under, Section 7.10 hereof; 
 (2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy Law;

 (3) a Custodian or other public officer takes charge of the Trustee or its property; or 
 (4) the Trustee otherwise becomes incapable of acting. 
 If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee with respect to any Series of Securities for any reason, the Company shall promptly notify each Holder of such event and shall
promptly appoint a successor Trustee. 
  

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 If a successor Trustee with respect to the Securities of one or more Series does not take office within
60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least 10% in principal amount of the outstanding Securities of the applicable Series may petition any court of competent jurisdiction
for the appointment of a successor Trustee. 
 If the Trustee with respect to the Securities of one or more Series fails to comply with
Section 7.10 hereof, any Securityholder of the applicable Series may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Immediately following such delivery
(i) the retiring Trustee with respect to one or more Series shall, subject to its rights under Section 7.7 hereof, transfer all property held by it as Trustee with respect to such Series to the successor Trustee, (ii) the resignation
or removal of the retiring Trustee shall become effective, and (iii) the successor Trustee with respect to such Series shall have all the rights, powers and duties of the Trustee under this Indenture. A successor Trustee with respect to the
Securities of one or more Series shall mail notice of its succession to each Securityholder of such Series. 
  

	 	7.9	Successor Trustee by Consolidation, Merger or Conversion. 

 If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust assets to, another corporation, subject to Section 7.10 hereof, the successor corporation without any further act
shall be the successor Trustee. 
  

	 	7.10	Eligibility; Disqualification. 

 This Indenture
shall always have a Trustee who satisfies the requirements of TIA Sections 310(a)(1), (2) and (5) in every respect. The Trustee shall have a combined capital and surplus of at least $100,000,000 as set forth in its most recent published
annual report of condition. The Trustee shall comply with TIA Section 310(b), including the provision in Section 310(b)(1). If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.10,
it shall resign immediately in the manner and with the effect specified in this Article 7. 
  

	 	7.11	Preferential Collection of Claims Against Company. 

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

	 	7.12	Paying Agents. 

 The Company shall cause each Paying
Agent other than the Trustee to execute and deliver to it and the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section 7.12: 
  

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 (1) that it will hold all sums held by it as agent for the payment of principal of, or premium, if any,
or interest on, the Securities (whether such sums have been paid to it by the Company or by any obligor on the Securities) in trust for the benefit of Holders of the Securities or the Trustee; 
 (2) that it will at any time during the continuance of any Event of Default, upon written request from the Trustee, deliver to the Trustee all sums so
held in trust by it together with a full accounting thereof; and 
 (3) that it will give the Trustee written notice within three
(3) Business Days of any failure of the Company (or by any obligor on the Securities) in the payment of any installment of the principal of, premium, if any, or interest on, the Securities when the same shall be due and payable. 
 ARTICLE 8 
 AMENDMENTS, SUPPLEMENTS
AND WAIVERS 
  

	 	8.1	Without Consent of Holders. 

 The Company, when
authorized by a Board Resolution, and the Trustee may amend or supplement this Indenture or the Securities of one or more Series without notice to or consent of any Securityholder: 
 (1) to comply with Section 5.1 hereof; 
 (2) to provide for uncertificated Securities in addition to certificated Securities; 
 (3) to comply with any requirements of the
SEC under the TIA; 
 (4) to cure any ambiguity, defect or inconsistency, or to make any other change that does not adversely affect the
rights of any Securityholder; 
 (5) to provide for the issuance of and establish the form and terms and conditions of Securities of any
Series as permitted by this Indenture; or 
 (6) 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. 

The Trustee is hereby authorized to join with the Company in the execution of any supplemental indenture authorized or permitted by the terms of this
Indenture and to make any further appropriate agreements and stipulations which may be therein contained, but the Trustee shall not be obligated to enter into any such supplemental indenture which adversely affects its own rights, duties or
immunities under this Indenture. 
  

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	 	8.2	With Consent of Holders. 

 (a) The Company, when
authorized by a Board Resolution, and the Trustee may amend or supplement this Indenture or the Securities of one or more Series with the written consent of the Holders of not less than a majority in aggregate principal amount of the outstanding
Securities of such Series affected by such amendment or supplement without notice to any Securityholder. The Holders of not less than a majority in aggregate principal amount of the outstanding Securities of each such Series affected by such
amendment or supplement may waive compliance in a particular instance by the Company with any provision of this Indenture or the Securities of such Series without notice to any Securityholder. Subject to Section 8.4, without the consent of each
Securityholder affected, however, an amendment, supplement or waiver, including a waiver pursuant to Section 6.4, may not: 
 (2) reduce
the amount of Securities whose Holders must consent to an amendment, supplement or waiver to this Indenture or the Securities; 
 (3) reduce
the rate of or change the time for payment of interest on any Security; 
 (4) reduce the principal or change the Stated Maturity of any
Security or reduce the amount of, or postpone the date fixed for, the payment of any sinking fund or analogous obligation; 
 (5) make any
Security payable in money other than that stated in the Security; 
 (6) change the amount or time of any payment required by the Securities
or reduce the premium payable upon any redemption of the Securities, or change the time before which no such redemption may be made; 
 (7)
waive a Default or Event of Default in the payment of the principal of or interest or premium, if any, on any Security (except a rescission of acceleration of the Securities of any Series by the Holders of at least a majority in principal amount of
the outstanding Securities of such Series and a waiver of the payment default that resulted from such acceleration); 
 (8) waive a
redemption payment with respect to any Security or change any of the provisions with respect to the redemption of any Securities; 
 (9) make
any changes in Sections 6.4 or 6.7 hereof or this Section 8.2, except to increase any percentage of Securities the Holders of which must consent to any matter; or; or 
 (10) take any other action otherwise prohibited by this Indenture to be taken without the consent of each holder affected thereby. 
 (b) Upon the request of the Company, accompanied by a Board Resolution authorizing the execution of any such supplemental indenture, and upon the receipt
by the Trustee of evidence reasonably satisfactory to the Trustee of the consent of the Securityholders as aforesaid and upon receipt by the Trustee of the documents described in Section 8.6 hereof, the Trustee shall join with the Company in
the execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture, in which case the Trustee may in its discretion, but shall not be obligated to, enter
into such supplemental indenture. 
  

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 (c) It shall not be necessary for the consent of the Holders under this section to approve the particular
form of any proposed amendment, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 
  

	 	8.3	Compliance with Trust Indenture Act. 

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

	 	8.4	Revocation and Effect of Consents. 

 Until an
amendment, supplement, waiver or other action becomes effective, a consent to it by a Holder of a Security is a continuing consent conclusive and binding upon such Holder and every subsequent Holder of the same Security or portion thereof, and of
any Security issued upon the transfer thereof or in exchange therefor or in place thereof, even if notation of the consent is not made on any such Security. Any such Holder or subsequent Holder, however, may revoke the consent as to his Security or
portion of a Security, if the Trustee receives the notice of revocation before the date the amendment, supplement, waiver or other action becomes effective. 
 The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to consent to any amendment, supplement, or waiver which record date shall be at least 30 days
prior to the first solicitation of such consent. If a record date is fixed, then, notwithstanding the preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only such Persons, shall be
entitled to consent to such amendment, supplement, or waiver or to revoke any consent previously given, whether or not such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 90 days
after such record date without the applicable amendment, supplement or waiver becoming effective. 
 After an amendment, supplement, waiver
or other action becomes effective, it shall bind every Securityholder, unless it makes a change described in any of clauses (1) through (9) of Section 8.2 hereof. In that case the amendment, supplement, waiver or other action shall
bind each Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security; provided that any such waiver shall not impair or affect
the right of any Holder to receive payment of principal of and interest and premium (if any) on a Security, on or after the respective due dates expressed in such Security, or to bring suit for the enforcement of any such payment on or after such
respective dates without the consent of such Holder. 
  

	 	8.5	Notation on or Exchange of Securities. 

 If an
amendment, supplement, or waiver changes the terms of a Security of any Series, the Trustee may request the Holder of such Security to deliver it to the Trustee. In such case, the Trustee shall place an appropriate notation on such Security about
the changed terms and return it to the Holder. Alternatively, if the Company or the Trustee so determines, the Company in 

  

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exchange for such Security shall issue and the Trustee shall authenticate a new security that reflects the changed terms. Failure to make the appropriate
notation or issue a new Security shall not affect the validity and effect of such amendment, supplement or waiver. 
  

	 	8.6	Trustee to Sign Amendments, Etc. 

 The Trustee shall
sign any amendment, supplement or waiver authorized pursuant to this Article 8 if the amendment, supplement or waiver does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may, but need not,
sign it. In signing or refusing to sign such amendment, supplement or waiver the Trustee shall be entitled to receive and, subject to Section 7.1 hereof, shall be fully protected in relying upon an Officers’ Certificate and an Opinion of
Counsel stating that such amendment, supplement or waiver is authorized or permitted by this Indenture. The Company may not sign an amendment or supplement until the Board of Directors of the Company approves it. 
 ARTICLE 9 
 DISCHARGE OF INDENTURE;
DEFEASANCE 
  

	 	9.1	Discharge of Indenture. 

 The Company may terminate
its obligations under the Securities of any Series and this Indenture with respect to such Series, except the obligations referred to in the last paragraph of this Section 9.1, if there shall have been canceled by the Trustee or delivered to
the Trustee for cancellation all Securities of such Series theretofore authenticated and delivered (other than any Securities of such Series that are asserted to have been destroyed, lost or stolen and that shall have been replaced as provided in
Section 2.8 hereof) and the Company has paid all sums payable by it hereunder or deposited all required sums with the Trustee. 
 After
such delivery the Trustee upon request shall acknowledge in writing the discharge of the Company’s obligations under the Securities of such Series and this Indenture except for those surviving obligations specified below. 
 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company in Sections 7.7, 9.5 and 9.6 hereof shall survive.

  

	 	9.2	Legal Defeasance. 

 The Company may at its option,
by Board Resolution, be discharged from its obligations with respect to the Securities of any Series on the date the conditions set forth in Section 9.4 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose,
such Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by the Securities of such Series and to have satisfied all its other obligations under such Securities and this Indenture
insofar as such Securities are concerned (and the Trustee, at the expense of the Company, shall, subject to Section 9.6 hereof, execute proper instruments acknowledging the same), except for the following which shall survive until otherwise
terminated or discharged hereunder: (A) the rights of Holders of outstanding Securities of such Series to receive solely from the trust funds described in Section 9.4 hereof and as more fully set forth in such section, payments in respect
of the principal of, premium, if any, and interest on the 

  

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Securities of such Series when such payments are due, (B) the Company’s obligations with respect to the Securities of such Series under Sections
2.4, 2.5, 2.6, 2.7, 2.8 and 2.9 hereof, (C) the rights, powers, trusts, duties, and immunities of the Trustee hereunder (including claims of, or payments to, the Trustee under or pursuant to Section 7.7 hereof) and (D) this Article 9.
Subject to compliance with this Article 9, the Company may exercise its option under this Section 9.2 with respect to the Securities of any Series notwithstanding the prior exercise of its option under Section 9.3 below with respect to the
Securities of such Series. 
  

	 	9.3	Covenant Defeasance. 

 At the option of the Company,
pursuant to a Board Resolution, the Company shall be released from its obligations under Sections 4.2 through 4.7 hereof, inclusive, and Section 5.1 hereof, with respect to the outstanding Securities of any Series, on and after the date the
conditions set forth in Section 9.4 hereof are satisfied (hereinafter, “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that the Company 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 portion thereof, whether directly or indirectly by reason of any reference elsewhere herein to any such specified Section or portion thereof or by reason of any reference
in any such specified section or portion thereof to any other provision herein or in any other document, but the remainder of this Indenture and the Securities of any Series shall be unaffected thereby. 
  

	 	9.4	Conditions to Legal Defeasance or Covenant Defeasance. 

 The following shall be the conditions to application of Section 9.2 or Section 9.3 hereof to the outstanding Securities of a Series: 
 (1) the Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee satisfying the requirements of Section 7.10 hereof who shall agree to comply with the provisions of
this Article 9 applicable to it) as funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of the Securities, (A) money in an amount, or
(B) U.S. Government Obligations or 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 the due date of any payment, money in
an amount, or (C) a combination thereof, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall
be applied by the Trustee (or other qualifying trustee) to pay and discharge, the principal of, premium, if any, and accrued interest on the outstanding Securities of such Series at the Stated Maturity of such principal, premium, if any, or
interest, or on dates for payment and redemption of such principal, premium, if any, and interest selected in accordance with the terms of this Indenture and of the Securities of such Series; 
 (2) no Event of Default or Default with respect to the Securities of such Series shall have occurred and be continuing on the date of such deposit, or
shall have occurred and be continuing at any time during the period ending on the 91st day after the date of such deposit or, if longer, ending on the day following the expiration of the longest preference period under any Bankruptcy Law applicable
to the Company in respect of such deposit (it being understood that this condition shall not be deemed satisfied until the expiration of such period); 
  

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 (3) such Legal Defeasance or Covenant Defeasance shall not cause the Trustee to have a conflicting
interest for purposes of the TIA with respect to any securities of the Company; 
 (4) such Legal Defeasance or Covenant Defeasance shall not
result in a breach or violation of, or constitute default under any other agreement or instrument to which the Company is a party or by which it is bound; 
 (5) the Company shall have delivered to the Trustee an Opinion of Counsel stating that, as a result of such Legal Defeasance or Covenant Defeasance, neither the trust nor the Trustee will be required to register as an
investment company under the Investment Company Act of 1940, as amended; 
 (6) in the case of an election under Section 9.2 above, the
Company shall have delivered to the Trustee an Opinion of Counsel stating that (i) the Company has received from, or there has been published by, the Internal Revenue Service a ruling to the effect that or (ii) there has been a change in
any applicable Federal income tax law with the effect that, and such opinion shall confirm that, the Holders of the outstanding Securities of such Series or persons in their positions will not recognize income, gain or loss for Federal income tax
purposes solely as a result of such Legal Defeasance and will be subject to Federal income tax on the same amounts, in the same manner, including as a result of prepayment, and at the same times as would have been the case if such Legal Defeasance
had not occurred; 
 (7) in the case of an election under Section 9.3 hereof, the Company shall have delivered to the Trustee an Opinion
of Counsel to the effect that the Holders of the outstanding Securities of such Series will not recognize income, gain or loss for Federal income tax purposes as a result of such Covenant Defeasance and will be subject to Federal income tax on the
same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 
 (8) the
Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for in this Article 9 relating to either the Legal Defeasance under Section 9.2 above
or the Covenant Defeasance under Section 9.3 hereof (as the case may be) have been complied with; 
 (9) the Company shall have
delivered to the Trustee an Officers’ Certificate stating that the deposit under clause (1) was not made by the Company with the intent of defeating, hindering, delaying or defrauding any creditors of the Company or others; and 

(10) the Company shall have paid or duly provided for payment under terms mutually satisfactory to the Company and the Trustee all amounts then due to
the Trustee pursuant to Section 7.7 hereof. 
  

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 9.5     eposited Money and U.S. and Foreign Government Obligations to be Held in
Trust; Other Miscellaneous Provisions. 
 All money, U.S. Government Obligations and Foreign Government Obligations (including the
proceeds thereof) deposited with the Trustee pursuant to Section 9.4 hereof in respect of the outstanding 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 Paying Agent as the Trustee may determine, to the Holders of such Securities, of all sums due and to become due thereon in respect of principal, premium, if any, and accrued interest, but such money 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 and Foreign Government Obligations deposited pursuant to Section 9.4 hereof or the principal, premium, if any, and interest received in respect thereof other
than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Securities. 
 Anything in this
Article 9 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 9.4
hereof 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 an equivalent Legal Defeasance or Covenant Defeasance. 
  

	 	9.6	Reinstatement. 

 If the Trustee or Paying Agent is
unable to apply any money, U.S. Government Obligations or Foreign Government Obligations in accordance with Section 9.1, 9.2, 9.3 or 9.4 hereof by reason of any legal proceeding or by reason of any order or judgment of any court or governmental
authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under this Indenture and the Securities shall be revived and reinstated as though no deposit had occurred pursuant to this Article 9 until
such time as the Trustee or Paying Agent is permitted to apply all such money, U.S. Government Obligations or Foreign Government Obligations, as the case may be, in accordance with Section 9.1, 9.2, 9.3 or 9.4 hereof; provided, however,
that if the Company has made any payment of principal of, premium, if any, or accrued interest on any Securities because of the reinstatement of their obligations, the Company shall be subrogated to the rights of the Holders of such Securities to
receive such payment from the money, U.S. Government Obligations or Foreign Government Obligations held by the Trustee or Paying Agent. 
  

	 	9.7	Moneys Held by Paying Agent. 

 In connection with
the satisfaction and discharge of this Indenture, all moneys then held by any Paying Agent under the provisions of this Indenture shall, upon demand of the Company, be paid to the Trustee, or if sufficient moneys have been deposited pursuant to
Section 9.1 hereof, to the Company, and thereupon such Paying Agent shall be released from all further liability with respect to such moneys. 
  

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	 	9.8	Moneys Held by Trustee. 

 Any moneys deposited with
the Trustee or any Paying Agent or then held by the Company in trust for the payment of the principal of, or premium, if any, or interest on any Security that are not applied but remain unclaimed by the Holder of such Security for two years after
the date upon which the principal of, or premium, if any, or interest on such Security shall have respectively become due and payable shall be repaid to the Company upon Company Request, or if such moneys are then held by the Company in trust, such
moneys shall be released from such trust; and the Holder of such Security entitled to receive such payment shall thereafter, as an unsecured general creditor, look only to the Company for the payment thereof, and all liability of the Trustee or such
Paying Agent with respect to such trust money shall thereupon cease; provided, however, that the Trustee or any such Paying Agent, before being required to make any such repayment, may, at the expense of the Company, either mail to each
Securityholder affected, at the address shown in the register of the Securities maintained by the Registrar or cause to be published once a week for two successive weeks, in a newspaper published in the English language, customarily published each
Business Day and of general circulation in the City of New York, New York, a notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such mailing or publication, any
unclaimed balance of such moneys then remaining will be repaid to the Company. After payment to the Company or the release of any money held in trust by the Company, Securityholders entitled to the money must look only to the Company for payment as
general creditors unless applicable abandoned property law designates another person. 
 ARTICLE 10 
 MISCELLANEOUS 
  

	 	10.1	Trust Indenture Act Controls. 

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

	 	10.2	Notices. 

 Any notice or communication shall be
given in writing and delivered in person, sent by facsimile, delivered by commercial courier service or mailed by first-class mail, postage prepaid, addressed as follows: 
 If to the Company: 
 NetScout Systems, Inc. 
 Attn: David P. Sommers 
 310 Littleton Road 
  

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 Westford, MA 01886 
 Telephone: (978) 614-4000 
 with a copy to: 
 Cooley Godward Kronish LLP 
 Attn: Miguel J. Vega 
 The
Prudential Tower 
 800 Boylston Street, 46th Floor 
 Boston, MA
02199 
 Fax no.: (617) 937-2400 
 E- mail address:
mvega@cooley.com 
 If to the Trustee: 
 [·] 
 Attention: 
 [street] 
 [city, state, and zip code] 
 Fax no.: 
 E-mail address: 
 The Company or the Trustee by written notice to the other may designate additional or different addresses for subsequent notices or communications. Any
notice or communication to the Company or the Trustee shall be deemed to have been given or made as of the date so delivered if personally delivered; when answered back, if telexed; when receipt is acknowledged, if telecopied; and five
(5) calendar days after mailing if sent by registered or certified mail, postage prepaid (except that a notice of change of address shall not be deemed to have been given until actually received by the addressee). 
 Any notice or communication mailed to a Securityholder shall be mailed to him by first-class mail, postage prepaid, at his address shown on the register
kept by the Registrar. In addition, notices or communications to Securityholders shall be given by release made to Reuters Economic Services and Bloomberg Business News. 
 Failure to mail a notice or communication to a Securityholder or any defect in it shall not affect its sufficiency with respect to other Securityholders. If a notice or communication to a Securityholder is mailed in
the manner provided above, it shall be deemed duly given five (5) calendar days after mailing, whether or not the addressee receives it. 
 In case by reason of the suspension of regular mail service, or by reason of any other cause, it shall be impossible to mail any notice as required by this Indenture, then such method of notification as shall be made with the approval of
the Trustee shall constitute a sufficient mailing of such notice. 
  

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 In the case of Global Securities, notices or communications to be given to Securityholders shall be given
to the Depositary, in accordance with its applicable policies as in effect from time to time. 
  

	 	10.3	  Communications by Holders with Other Holders. 

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

	 	10.4  	Certificate and Opinion as to Conditions Precedent. 

 Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee: 
 (1) an Officers’ Certificate (which shall include the statements set forth in Section 10.5 below) stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture
relating to the proposed action have been complied with; and 
 (2) an Opinion of Counsel (which shall include the statements set forth in
Section 10.5 below) stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 
  

	 	10.5  	Statement Required in Certificate and Opinion. 

 Each certificate and opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include: 
 (1) a statement that the Person making such certificate or opinion has read such covenant or condition; 
 (2) a brief statement as
to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (3) a statement that, in the opinion of such Person, it or he has made such examination or investigation as is necessary to enable it or him to express an informed opinion as to whether or not such covenant or
condition has been complied with; and 
 (4) a statement as to whether or not, in the opinion of such Person, such covenant or condition has
been complied with. 
  

	 	10.6  	Rules by Trustee and Agents. 

 The Trustee may make
reasonable rules for action by or at meetings of Securityholders. The Registrar and Paying Agent may make reasonable rules for their functions. 
  

 -41- 

	 	10.7	Business Days; Legal Holidays. 

 A “Business
Day” is a day that is not a Legal Holiday. A “Legal Holiday” is a Saturday, a Sunday, a federally recognized holiday or a day on which banking institutions are not required to be open in the State of New York. 

If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday,
and no interest shall accrue for the intervening period. 
  

	 	10.8	Governing Law. 

 THIS INDENTURE AND THE SECURITIES
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED WITHIN THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. EACH OF THE PARTIES HERETO AGREES TO
SUBMIT TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE OR THE SECURITIES. 
  

	 	10.9	No Adverse Interpretation of Other Agreements. 

 This Indenture may not be used to interpret another indenture, loan, security or debt agreement of the Company or any Subsidiary thereof. No such indenture, loan, security or debt agreement may be used to interpret this Indenture.

  

	 	10.10	  No Recourse Against Others. 

 A
director, officer, employee, stockholder or incorporator, as such, of the Company shall not have any liability for any obligations of the Company under the Securities or the Indenture or for any claim based on, in respect of or by reason of such
obligations or their creations. Each Securityholder by accepting a Security waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Securities. 
  

	 	10.11	  Successors and Assigns. 

 All agreements
of the Company in this Indenture and the Securities shall bind its successors and assigns, whether so expressed or not. All agreements of the Trustee, any additional trustee and any Paying Agents in this Indenture shall bind their respective
successors and assigns. 
  

	 	10.12	  Multiple Counterparts. 

 The parties may
sign multiple counterparts of this Indenture. Each signed counterpart shall be deemed an original, but all of them together represent one and the same agreement. 
  

 -42- 

	 	10.13	  Table of Contents, Headings, Etc. 

 The
table of contents, cross-reference sheet and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the
terms or provisions hereof. 
  

	 	10.14	  Separabilty. 

 Each provision of this
Indenture shall be considered separable and if for any reason any provision which is not essential to the effectuation of the basic purpose of this Indenture or 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. 
  

	 	10.15	  Securities in a Foreign Currency or in ECU. 

 Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate delivered pursuant to Section 2.2 of this Indenture with respect to a particular Series of Securities, whenever for
purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series or all Series affected by a particular action at the time outstanding and, at such time, there are
outstanding Securities of any Series which are denominated in a coin or currency other than Dollars (including ECU), then the principal amount of Securities of such Series which shall be deemed to be outstanding for the purpose of taking such action
shall be that amount of Dollars that could be obtained for such amount at the Market Exchange Rate at such time. For purposes of this Section 10.16, “Market Exchange Rate” shall mean the noon Dollar buying rate in New York City
for cable transfers of that currency as published by the Federal Reserve Bank of New York; provided, however, in the case of ECUs, Market Exchange Rate shall mean the rate of exchange determined by the Commission of the European Union (or any
successor thereto) as published in the Official Journal of the European Union (such publication or any successor publication, the “Journal”). If such Market Exchange Rate is not available for any reason with respect to such
currency, the Trustee shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York or, in the case of ECUs, the rate of exchange as published in the Journal, as of the most recent
available date, or quotations or, in the case of ECUs, rates of exchange from one or more major banks in The City of New York or in the country of issue of the currency in question or, in the case of ECUs, in Luxembourg or such other quotations or,
in the case of ECUs, rates of exchange as the Trustee, upon consultation with the Company, shall deem appropriate. The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a Series
denominated in currency other than Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture. 
 All decisions and determinations of the Trustee regarding the Market Exchange Rate or any alternative determination provided for in the preceding paragraph shall be in its sole discretion and shall, in the absence of manifest error, be
conclusive to the extent permitted by law for all purposes and irrevocably binding upon the Company and all Holders. 
  

 -43- 

	 	10.16	  Judgment Currency. 

 The Company agrees,
to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining judgment in any court it is necessary to convert the sum due in respect of the principal of or interest or premium (if any) or
other amount on the Securities of any Series (the “Required Currency”) into a currency in which a judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in
accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the day on which final unappealable judgment is entered, unless such day is not a New York Banking Day,
then, the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day
on which final unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the Required Currency (i) shall not be discharged or satisfied by any tender, any recovery pursuant to any judgment (whether
or not entered in accordance with subsection (a)), in any currency other than the Required Currency, except to the extent that such tender or recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency
expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall
short of the full amount of the Required Currency so expressed to be payable, and (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture. For purposes of the foregoing, “New York Banking
Day” means any day except a Saturday, Sunday or a legal holiday in The City of New York on which banking institutions are authorized or required by law, regulation or executive order to close. 
 This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts
shall together constitute but one and the same instrument. 
  

 -44- 

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

			
	NETSCOUT SYSTEMS, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
		 	
	[TRUSTEE]
		
	By:	 	  

	Name:	 	
	Title:	 	

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
		  		  	
	 ARTICLE 1
	  	DEFINITIONS AND INCORPORATION BY REFERENCE	  	1
	 1.1
	  	Definitions	  	1
	 1.2
	  	Other Definitions	  	5
	 1.3
	  	Incorporation by Reference of Trust Indenture Act	  	6
	 1.4
	  	Rules of Construction	  	6
			
	 ARTICLE 2
	  	THE SECURITIES	  	6
			
	 2.1
	  	Issuable in Series	  	6
	 2.2
	  	Establishment of Terms of Series of Securities	  	7
	 2.3
	  	Execution and Authentication	  	9
	 2.4
	  	Registrar and Paying Agent	  	10
	 2.5
	  	Paying Agent To Hold Assets in Trust	  	11
	 2.6
	  	Securityholder Lists	  	11
	 2.7
	  	Transfer and Exchange	  	11
	 2.8
	  	Replacement Securities	  	13
	 2.9
	  	Outstanding Securities	  	13
	 2.10
	  	Treasury Securities	  	13
	 2.11
	  	Temporary Securities	  	14
	 2.12
	  	Cancellation	  	14
	 2.13
	  	Payment of Interest; Defaulted Interest; Computation of Interest	  	14
	 2.14
	  	CUSIP Number	  	15
	 2.15
	  	Provisions for Global Securities	  	15
	 2.16
	  	Persons Deemed Owners	  	16
			
	 ARTICLE 3
	  	REDEMPTION	  	16
			
	 3.1
	  	Notices of Trustee	  	16
	 3.2
	  	Selection by Trustee of Securities to Be Redeemed	  	16
	 3.3
	  	Notice of Redemption	  	17
	 3.4
	  	Effect of Notice of Redemption	  	18
	 3.5
	  	Deposit of Redemption Price	  	18
	 3.6
	  	Securities Redeemed in Part	  	18
			
	 ARTICLE 4
	  	COVENANTS	  	19
			
	 4.1
	  	Payment of Securities	  	19
	 4.2
	  	SEC Reports	  	19
	 4.3
	  	Waiver of Stay, Extension or Usury Laws	  	19
	 4.4
	  	Compliance Certificate	  	19
	 4.5
	  	Payment of Taxes and Other Claims	  	20
	 4.6
	  	Corporate Existence	  	20
	 4.7
	  	Maintenance of Properties	  	21

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 ARTICLE 5
	  	SUCCESSOR CORPORATION	  	21
			
	 5.1
	  	Limitation on Consolidation, Merger and Sale of Assets	  	21
	 5.2
	  	Successor Person Substituted	  	22
			
	 ARTICLE 6
	  	DEFAULTS AND REMEDIES	  	22
			
	 6.1
	  	Events of Default	  	22
	 6.2
	  	Acceleration	  	23
	 6.3
	  	Other Remedies	  	24
	 6.4
	  	Waiver of Past Defaults and Events of Default	  	24
	 6.5
	  	Control by Majority	  	24
	 6.6
	  	Limitation on Suits	  	25
	 6.7
	  	Rights of Holders To Receive Payment	  	25
	 6.8
	  	Collection Suit by Trustee	  	25
	 6.9
	  	Trustee May File Proofs of Claim	  	26
	 6.10
	  	Priorities	  	26
	 6.11
	  	Undertaking for Costs	  	26
			
	 ARTICLE 7
	  	TRUSTEE	  	27
			
	 7.1
	  	Duties of Trustee	  	27
	 7.2
	  	Rights of Trustee	  	28
	 7.3
	  	Individual Rights of Trustee	  	29
	 7.4
	  	Trustee’s Disclaimer	  	29
	 7.5
	  	Notice of Default	  	29
	 7.6
	  	Reports by Trustee to Holders	  	29
	 7.7
	  	Compensation and Indemnity	  	29
	 7.8
	  	Replacement of Trustee	  	30
	 7.9
	  	Successor Trustee by Consolidation, Merger or Conversion	  	31
	 7.10
	  	Eligibility; Disqualification	  	31
	 7.11
	  	Preferential Collection of Claims Against Company	  	31
	 7.12
	  	Paying Agents	  	31
			
	 ARTICLE 8
	  	AMENDMENTS, SUPPLEMENTS AND WAIVERS	  	32
			
	 8.1
	  	Without Consent of Holders	  	32
	 8.2
	  	With Consent of Holders	  	33
	 8.3
	  	Compliance with Trust Indenture Act	  	34
	 8.4
	  	Revocation and Effect of Consents	  	34
	 8.5
	  	Notation on or Exchange of Securities	  	34
	 8.6
	  	Trustee to Sign Amendments, Etc	  	35
			
	 ARTICLE 9
	  	DISCHARGE OF INDENTURE; DEFEASANCE	  	35
			
	 9.1
	  	Discharge of Indenture	  	35
	 9.2
	  	Legal Defeasance	  	35
	 9.3
	  	Covenant Defeasance	  	36

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 

					
	 	  	 	  	Page
	 9.4
	  	Conditions to Legal Defeasance or Covenant Defeasance	  	36
	 9.5
	  	Deposited Money and U.S. and Foreign Government Obligations to be Held in Trust; Other Miscellaneous Provisions	  	38
	 9.6
	  	Reinstatement	  	38
	 9.7
	  	Moneys Held by Paying Agent	  	38
	 9.8
	  	Moneys Held by Trustee	  	39
			
	 ARTICLE 10
	  	MISCELLANEOUS	  	39
			
	 10.1
	  	Trust Indenture Act Controls	  	39
	 10.2
	  	Notices	  	39
	 10.3
	  	Communications by Holders with Other Holders	  	41
	 10.4
	  	Certificate and Opinion as to Conditions Precedent	  	41
	 10.5
	  	Statement Required in Certificate and Opinion	  	41
	 10.6
	  	Rules by Trustee and Agents	  	41
	 10.7
	  	Business Days; Legal Holidays	  	42
	 10.8
	  	Governing Law	  	42
	 10.9
	  	No Adverse Interpretation of Other Agreements	  	42
	 10.10
	  	No Recourse Against Others	  	42
	 10.11
	  	Successors and Assigns	  	42
	 10.12
	  	Multiple Counterparts	  	42
	 10.13
	  	Table of Contents, Headings, Etc	  	43
	 10.14
	  	Separabilty	  	43
	 10.15
	  	Securities in a Foreign Currency or in ECU	  	43
	 10.16
	  	Judgment Currency	  	44

  

 -iii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	  	  	Page
			
	TIA SECTION	  	INDENTURE SECTION	  	
	310(a)(1)	  	7.10	  	
	(a)(2)	  	7.10	  	
	(a)(3)	  	N/A	  	
	(a)(4)	  	N/A	  	
	(a)(5)	  	7.10	  	
	(b)	  	7.8; 7.10; 10.2	  	
	(b)(1)	  	7.10	  	
	(b)(9)	  	7.10	  	
	(c)	  	N/A	  	
	311(a)	  	7.11	  	
	(b)	  	7.11	  	
	(c)	  	N/A	  	
	312(a)	  	2.6	  	
	(b)	  	10.3	  	
	(c)	  	10.3	  	
	313(a)	  	7.6	  	
	(b)(1)	  	7.6	  	
	(b)(2)	  	7.6	  	
	(c)	  	7.6; 10.2	  	
	(d)	  	7.6	  	
	314(a)	  	4.2; 4.4; 10.2	  	
	(b)	  	N/A	  	
	(c)(1)	  	10.4; 10.5	  	
	(c)(2)	  	10.4; 10.5	  	
	(c)(3)	  	N/A	  	
	(d)	  	N/A	  	
	(e)	  	10.5	  	
	(f)	  	N/A	  	
	315(a)	  	7.1, 7.2	  	
	(b)	  	7.5; 10.2	  	
	(c)	  	7.1	  	
	(d)	  	6.5; 7.1; 7.2	  	
	(e)	  	6.11	  	
	316(a)(last sentence)	  	2.10	  	
	(a)(1)(A)	  	6.5	  	
	(a)(1)(B)	  	6.4	  	
	(a)(2)	  	8.2	  	
	(b)	  	6.7	  	
	(c)	  	8.4	  	
	317(a)(1)	  	6.8	  	
	(a)(2)	  	6.9	  	
	(b)	  	2.5; 7.12	  	
	318(a)	  	10.1	  	

 N/A means not applicable 
 Note: This Cross-Reference Table shall not, for any purpose, be deemed to be a part of the Indenture. 
  

 -iv-

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