Document:

Exhibit 4.1

  

  

  

  
    	 
	
             

            
               

              

              AERCAP IRELAND CAPITAL DESIGNATED ACTIVITY COMPANY

              

              

              as Irish Issuer,

              

              

              AERCAP GLOBAL AVIATION TRUST

              

              

              as U.S. Issuer,

              

              

              and

              

              

              AERCAP HOLDINGS N.V.

              

              

              as Holdings

              

              

              ________________________

              

              

              THIRD SUPPLEMENTAL INDENTURE

              

              

              Dated as of November 1, 2021

              

              

              to

              

              

              INDENTURE

              

              

              Dated as of October 29, 2021

              

              

              ________________________

              

              

              THE GUARANTORS PARTY HERETO

              

              

              and

              

              

              THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

              

              

              as Trustee

               

              

            

             

            

          

    

    
      
        

    

    
    

    

    TABLE OF CONTENTS

    

    

    Page

    
      

      

      	
              ARTICLE I DEFINITIONS

            	
              2

            
	 	 
	 	
              SECTION 1.01

            	
              Definitions

            	
              2

            
	 	 	 	 
	 	
              SECTION 1.02

            	
              Other Definitions

            	
              4

            
	 	 	 	 
	
              ARTICLE II DESIGNATION AND TERMS OF THE NOTES

            	
              5

            
	 	 
	 	
              SECTION 2.01

            	
              Title and Aggregate Principal Amount

            	
              5

            
	 	 	 	 
	 	
              SECTION 2.02

            	
              Execution

            	
              5

            
	 	 	 	 
	 	
              SECTION 2.03

            	
              Other Terms and Form of the Notes

            	
              5

            
	 	 	 	 
	 	
              SECTION 2.04

            	
              Further Issues

            	
              5

            
	 	 	 	 
	 	
              SECTION 2.05

            	
              Interest and Principal

            	
              5

            
	 	 	 	 
	 	
              SECTION 2.06

            	
              Place of Payment

            	
              5

            
	 	 	 	 
	 	
              SECTION 2.07

            	
              Form and Dating

            	
              6

            
	 	 	 	 
	 	
              SECTION 2.08

            	
              Depositary; Registrar

            	
              6

            
	 	 	 	 
	 	
              SECTION 2.09

            	
              Optional Redemption

            	
              6

            
	 	 	 	 
	 	
              SECTION 2.10

            	
              Redemption for Changes in Withholding Taxes

            	
              7

            
	 	 	 	 
	
              ARTICLE III TRANSFER AND EXCHANGE

            	
              8

            
	 	 
	 	
              SECTION 3.01

            	
              Transfer and Exchange of Global Notes

            	
              8

            
	 	 	 	 
	 	
              SECTION 3.02

            	
              Transfer and Exchange of Beneficial Interests in the Global  Notes

            	
              8

            
	 	 	 	 
	 	
              SECTION 3.03

            	
              Transfer or Exchange of Beneficial Interests in Global Notes  for Definitive Notes

            	
              9

            
	 	 	 	 
	 	
              SECTION 3.04

            	
              Transfer and Exchange of Definitive Notes for Beneficial  Interests in Global Notes

            	
              9

            
	 	 	 	 
	 	
              SECTION 3.05

            	
              Transfer and Exchange of Definitive Notes for Definitive  Notes

            	
              10

            
	 	 	 	 
	 	
              SECTION 3.06

            	
              Legends

            	
              10

            
	 	 	 	 
	 	
              SECTION 3.07

            	
              Cancellation and/or Adjustment of Global Notes

            	
              12

            
	 	 	 	 

      

      

      

      

      
        -i-

        
          

      

      

      

      	 	
              SECTION 3.08

            	
              General Provisions Relating to Transfers and Exchanges.

            	
              12

            
	 	 	 	 
	
              ARTICLE IV LEGAL DEFEASANCE, COVENANT DEFEASANCE  AND SATISFACTION AND DISCHARGE

            	
              14

            
	 	 
	 	
              SECTION 4.01

            	
              Legal Defeasance, Covenant Defeasance and Satisfaction and Discharge

            	
              14

            
	 	 	 	 
	
              ARTICLE V COVENANTS

            	
              14

            
	 	 
	 	
              SECTION 5.01

            	
              Repurchase upon a Change of Control Triggering Event

            	
              14

            
	 	 	 	 
	 	
              SECTION 5.02

            	
              Voting

            	
              16

            
	 	 	 	 
	
              ARTICLE VI MISCELLANEOUS

            	
              16

            
	 	 
	 	
              SECTION 6.01

            	
              Ratification of Original Indenture; Supplemental Indenture Part of Original Indenture

            	
              16

            
	 	 	 	 
	 	
              SECTION 6.02

            	
              Concerning the Trustee

            	
              17

            
	 	 	 	 
	 	
              SECTION 6.03

            	
              Multiple Originals; Electronic Signatures

            	
              17

            
	 	 	 	 
	 	
              SECTION 6.04

            	
              GOVERNING LAW

            	
              17

            

    

    

    

    

    

    

    

    

    Exhibit A          Form of 1.899% Senior Note due 2025

     

    

    
      -ii-

      
        

    

    

    

    THIRD SUPPLEMENTAL INDENTURE, dated as of November 1, 2021 (this “Third Supplemental Indenture”), to the Indenture, dated as of October 29, 2021 (as supplemented prior to the date hereof, the “Original
        Indenture”), among AERCAP IRELAND CAPITAL DESIGNATED ACTIVITY COMPANY, a designated activity company limited by shares incorporated under the laws of Ireland with registered number 535682 (the “Irish Issuer”), AERCAP GLOBAL AVIATION
      TRUST, a statutory trust organized under the laws of Delaware (the “U.S. Issuer” and, together with the Irish Issuer, the “Issuers,” and each, an “Issuer”), AERCAP HOLDINGS N.V., a public limited liability company organized under
      the laws of the Netherlands (“Holdings”), each of the subsidiary guarantors party hereto or that becomes a guarantor pursuant to the terms of the Original Indenture (the “Subsidiary Guarantors” and, together with Holdings, the “Guarantors”)

      and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association organized under the laws of the United States, as trustee (the “Trustee”).

    

    

    WHEREAS, the Issuers, the Guarantors and the Trustee have heretofore executed and delivered the Original Indenture to provide for the issuance from time to time of Notes (as defined in the Original Indenture) of the
      Issuers, to be issued in one or more Series;

    

    

    WHEREAS, the Original Indenture provides, among other things, that the Issuers and the Trustee may enter into indentures supplemental to the Original Indenture for, among other things, the purpose of establishing the
      form and terms of Notes (as defined in the Original Indenture) of any Series pursuant to the Original Indenture;

    

    

    WHEREAS, the Issuers (i) desire the issuance of a Series of Notes (as defined in the Original Indenture) to be designated as hereinafter provided and (ii) have requested the Trustee to enter into this Third Supplemental
      Indenture for the purpose of establishing the form and terms of the Notes (as defined in the Original Indenture) of such Series;

    

    

    WHEREAS, the Issuers have duly authorized the creation of an issue of their 1.899% Senior Notes due 2025 (the “Notes”), which expression includes any further such Notes issued pursuant to Section 2.04 hereof; and

    

    

    WHEREAS, all action on the part of the Issuers necessary to authorize the issuance of the Notes under the Original Indenture and this Third Supplemental Indenture (the Original Indenture, as supplemented by this Third
      Supplemental Indenture, being hereinafter called the “Indenture”) has been duly taken;

    

    

    NOW, THEREFORE, THIS INDENTURE WITNESSETH:

    

    

    That, in order to establish the form and terms of the Notes and in consideration of the acceptance of the Notes by the Holders thereof and of other good and valuable consideration, the receipt and sufficiency of which
      are hereby acknowledged, the parties hereto hereby agree as follows:

    

    

    

    

    
      
        

    

    
    ARTICLE I

    

    

    DEFINITIONS

    

    

    SECTION 1.01          Definitions.

    

    

    (a)          Capitalized terms used herein and not otherwise defined herein shall have the respective meanings ascribed thereto in the Original Indenture.

    

    

    (b)          The rules of interpretation set forth in the Original Indenture shall be applied hereto as if set forth in full herein.

    

    

    (c)          For all purposes of this Third Supplemental Indenture, except as otherwise expressly provided or unless the context otherwise requires, the following terms shall have the
      following meanings:

    

    

    “Applicable Procedures” means, with respect to any transfer or exchange of or for beneficial interests in any Global Note, the rules and procedures of DTC that apply to such transfer or exchange.

    

    

    “Below Investment Grade Rating Event” means, with respect to the Notes, that at any time within a 60 day period from the Rating Date, the rating on the Notes is lowered, and the Notes are rated below an Investment
      Grade Rating, by two Rating Organizations, if the Notes are rated by all three Rating Organizations, or both Rating Organizations, if the Notes are only rated by two Rating Organizations; provided that a
      Below Investment Grade Rating Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Below Investment Grade Rating Event
      for purposes of the definition of Change of Control Triggering Event) if the Rating Organizations making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Issuers in writing that
      the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the
      time of the Below Investment Grade Rating Event). The Trustee shall not be responsible for monitoring or charged with knowledge of the ratings on the Notes.

    

    

    “Change of Control” means:

    

    

    (1)          any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other than one or more Permitted Holders, is or becomes the beneficial
      owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of shares representing more than 50% of the voting power of Holdings’ Voting Stock;

    

    

    (2)          Holdings ceases to own, directly or indirectly, 100% of the issued and outstanding Voting Stock of either Issuer, other than director’s qualifying shares and other shares
      required to be issued by law;

    

    

    
      2

      
        

    

    

    

    (3)           (a) all or substantially all of the assets of Holdings and the Restricted Subsidiaries, taken as a whole, are sold or otherwise transferred to any Person other than a
      Wholly-Owned Restricted Subsidiary or one or more Permitted Holders or (b) Holdings consolidates, amalgamates or merges with or into another Person or any Person consolidates, amalgamates or merges with or into Holdings, in either case, in one
      transaction or a series of related transactions in which immediately after the consummation thereof Persons beneficially owning (as defined in Rules 13d-3 and 13d-5 under the Exchange Act) Voting Stock representing in the aggregate a majority of the
      total voting power of the Voting Stock of Holdings immediately prior to such consummation do not beneficially own (as defined in Rules 13d-3 and 13d-5 under the Exchange Act) Voting Stock representing a majority of the total voting power of the
      Voting Stock of Holdings or the applicable surviving or transferee Person (or applicable parent thereof); provided that this clause (3) shall not apply (i) in the case where immediately after the
      consummation of the transactions Permitted Holders beneficially own Voting Stock representing in the aggregate a majority of the total voting power of Holdings or the applicable surviving or transferee Person (or applicable parent thereof) or (ii) to
      a consolidation, amalgamation or merger of Holdings with or into a (x) Person or (y) Wholly-Owned Subsidiary of a Person that, in either case, immediately following the transaction or series of transactions, has no
        Person or group (other than Permitted Holders) that beneficially owns Voting Stock representing 50% or more of the voting power of the total outstanding Voting Stock of such Person and, in the case of clause (y), the parent of such Wholly-Owned
        Subsidiary guarantees Holdings’ obligations under the Notes and this Indenture; or

    

    

    (4)          Holdings shall adopt a plan of liquidation or dissolution or any such plan shall be approved by the shareholders of Holdings.

    

    

    “Change of Control Triggering Event” means the occurrence of both a (1) Change of Control and (2) Below Investment Grade Rating Event.

    

    

    “Definitive Note” means a certificated Note registered in the name of the Holder thereof and issued in accordance with Article III hereof substantially in the form of Exhibit A hereto, except that such Note shall
      not bear the Global Note Legend and shall not have the “Schedule of Exchanges of Interests in the Global Note” attached thereto.

    

    

    “Global Note Legend” means the legend set forth in Section 3.07, which is required to be placed on all Global Notes issued hereunder.

    

    

    “Global Notes” means, individually and collectively, Global Notes deposited with or on behalf of and registered in the name of the Depositary or its nominee, substantially in the form of Exhibit A hereof and that
      bears the Global Note Legend and that has the “Schedule of Exchanges of Interests in the Global Note” attached thereto, issued in accordance with Section 2.14 of the Original Indenture and Section 2.07 hereof.

    

    

    “Indirect Participant” means a Person who holds a beneficial interest in a Global Note through a Participant.

    

    

    “Investment Grade Rating” means a rating of BBB- or higher by Fitch (or its equivalent under any successor rating category of Fitch), a rating of Baa3 or higher by Moody’s (or its equivalent under any successor
      rating category of Moody’s) and a rating of BBB- or higher by S&P (or its equivalent under any successor rating category of S&P).

    

    

    
      3

      
        

    

    

    

    “Par Call Date” means October 1, 2025 (one month prior to the maturity date of the Notes).

    

    

    “Permitted Holders” means at any time, (i) the Chairman of the Board of Directors, the Chief Executive Officer, the President, any Managing Director, Executive Vice President, Senior Vice President or Vice
      President, any Treasurer and any Secretary of Holdings or other executive officer of Holdings or any Subsidiary of Holdings at such time and (ii) General Electric Company and its Affiliates.  Any Person or group whose acquisition of beneficial
      ownership constitutes a Change of Control in respect of which a Change of Control Offer is made in accordance with the requirements of this Indenture will thereafter, together with its Affiliates, constitute an additional Permitted Holder.

    

    

    “Rating Date” means the date that is the day prior to the initial public announcement by Holdings or the proposed acquirer that (i) the proposed acquirer has entered into one or more binding agreements with
      Holdings or shareholders of Holdings that would give rise to a Change of Control or (ii) the proposed acquirer has commenced an offer to acquire outstanding Voting Stock of Holdings.

    

    

    “Treasury Rate” means, as of any redemption date, the rate per annum equal to the yield to maturity of United States Treasury securities with a constant maturity (as compiled and published in the most recent
      Federal Reserve Statistical Release H.15 that has become publicly available at least two Business Days prior to the redemption date (or, if such Statistical Release is no longer published, any publicly available source of similar market data)) most
      nearly equal to the period from the redemption date to the Par Call Date, as determined by the Issuers; provided, however, that if the period from the redemption date
      to the Par Call Date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used.

    

    

    “Wholly-Owned Restricted Subsidiary” means any Wholly-Owned Subsidiary that is a Restricted Subsidiary.

    

    

    “Wholly-Owned Subsidiary” of any Person means a Subsidiary of such Person, 100% of the outstanding Capital Stock or other ownership interests of which (other than directors’ qualifying shares) shall at the time be
      owned by such Person or by one or more Wholly-Owned Subsidiaries of such Person.

    

    

    SECTION 1.02          Other Definitions.

    

    

    	
            Term

          	
            Defined in Section

          
	 	 
	
            “Change of Control Offer”

          	
            5.01(a)

          
	
            “Change of Control Payment”

          	
            5.01(a)

          
	
            “Change of Control Payment Date”

          	
            5.01(b)(ii)

          
	
            “Initial Notes”

          	
            2.03

          
	
            “Initial Notes Exchange Date”

          	
            3.04

          
	
            “Interest Payment Date”

          	
            2.05

          
	
            “Private Placement Legend”

          	
            3.07(b)

          
	
            “Record Date”

          	
            2.05

          

    

    

    

    

    
      4

      
        

    

    ARTICLE II

    

    

    DESIGNATION AND TERMS OF THE NOTES

    

    

    SECTION 2.01          Title and Aggregate Principal Amount.  There is hereby created one Series of Notes designated: 1.899% Senior Notes due 2025 in an initial aggregate
      principal amount of $1,000,000,000.

    

    

    SECTION 2.02          Execution.  The Notes may forthwith be executed by the Issuers by manual, electronic or facsimile signature and delivered to the Trustee for
      authentication and delivery by the Trustee in accordance with the provisions of Section 2.04 of the Original Indenture.

    

    

    SECTION 2.03          Other Terms and Form of the Notes.  The Notes shall have and be subject to such other terms as provided in the Original Indenture and this Third
      Supplemental Indenture and shall initially be evidenced by one or more Definitive Notes in the form of Exhibit A hereof and as set forth in Section 2.07 hereof (such initial Definitive Notes, the “Initial Notes”).

    

    

    SECTION 2.04          Further Issues.  The Issuers may, from time to time, without the consent of the Holders of the Notes and in accordance with the Original Indenture and
      this Third Supplemental Indenture, create and issue further notes in an unlimited principal amount having the same terms and conditions as the Notes in all respects (or in all respects except for the issue date and the amount and the date of the
      first interest payment thereon) so as to form a single Series with the Notes. The Notes and any such further notes shall be treated as a single class for all purposes under this Indenture; provided that if any such further notes are not fungible with
      the Notes for U.S. Federal income tax purposes, such further notes will have a separate CUSIP, ISIN or other identifying number, if applicable. Unless the context otherwise requires, all references to the Notes shall include any such further notes.

    

    

    SECTION 2.05          Interest and Principal.  The Notes will mature on November 1, 2025 and will bear interest at the rate of 1.899% per annum.  The Issuers will pay interest
      on the Notes on each May 1 and November 1 (each an “Interest Payment Date”), beginning on May 1, 2022, to the Holders of record on the immediately preceding April 15 and October 15 (each a “Record Date”), respectively.  Interest on the
      Notes shall accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including the date of issuance.  Payments of the principal of and interest on the Notes shall be made in Dollars, and the Notes
      shall be denominated in Dollars.

    

    

    SECTION 2.06          Place of Payment.  The place of payment where the Notes issued in the form of Definitive Notes may be presented or surrendered for payment, where the
      principal of and interest and any other payments due on the Notes issued in the form of Definitive Notes are payable and where the Notes may be surrendered for registration of transfer or exchange shall be the office or agency of the Issuers
      maintained for that purpose pursuant to Section 2.05 of the Original Indenture, and the office or agency maintained by the Issuers for such purpose shall initially be the Corporate Trust Office of the Trustee.  All payments on Notes issued in the
      form of Global Notes shall be made by wire transfer of immediately available funds to the Depositary, as the registered Holder.  All payments on Notes issued in the form of Definitive Notes shall be made by wire transfer of immediately available
      funds to registered Holders set forth in the register maintained by the Registrar.

    

    

    
      5

      
        

    

    

    

    SECTION 2.07          Form and Dating.

    

    

    (a)          General.  The Notes will be substantially in the form of Exhibit A hereto.  The terms and provisions contained in the Notes will constitute, and are hereby
      expressly made, a part of this Third Supplemental Indenture and the Issuers and the Trustee, by their execution and delivery of this Third Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby.  However, to the
      extent any provision of any Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling.

    

    

    (b)          Global Notes.  Notes issued in global form will be substantially in the form of Exhibit A attached hereto (including the Global Note Legend thereon and the
      “Schedule of Exchanges of Interests in the Global Note” attached thereto).  Notes issued in definitive form will be substantially in the form of Exhibit A attached hereto (but without the Global Note Legend thereon and without the “Schedule of
      Exchanges of Interests in the Global Note” attached thereto).  Each Global Note will represent such of the outstanding principal amount of the Notes as will be specified therein and each shall provide that it represents the aggregate principal amount
      of outstanding Notes from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions.  Any
      endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes represented thereby will be made by the Trustee or the Custodian, at the direction of the Trustee, in accordance
      with instructions given by the Holder thereof as required by Article III hereof.

    

    

    SECTION 2.08          Depositary; Registrar.  The Issuers initially appoint DTC to act as Depositary with respect to the Global Notes.  The Issuers initially appoint the
      Trustee to act as the Registrar and the Paying Agent with respect to the Notes.

    

    

    SECTION 2.09          Optional Redemption.

    

    

    (a)          Prior to the Par Call Date, the Issuers may redeem all or part of the Notes, after having sent a notice of redemption as described in Section 3.03 of the Original
      Indenture, at a redemption price equal to the greater of (i) 100% of the principal amount of Notes being redeemed and (ii) the sum of the present value at such redemption date of all remaining scheduled payments of
        principal and interest on such Notes through the Par Call Date (excluding accrued but unpaid interest to the redemption date), discounted to the date of redemption using a discount rate equal to the Treasury Rate plus 20 basis points, plus, in each
        case, accrued and unpaid interest, if any, to, but not including, the redemption date, subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date.

    

    

    
      6

      
        

    

    

    

    (b)          On or after the Par Call Date, the Notes may be redeemed at the Issuers’ option, at any time in whole or from time to time in part, at a redemption price equal to 100% of
      the principal amount of the Notes being redeemed, plus accrued and unpaid interest, if any, to, but not including, the redemption date, subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant
      Interest Payment Date.

    

    

    SECTION 2.10          Redemption for Changes in Withholding Taxes.

    

    

    (a)          The Issuers are entitled to redeem the Notes, at the option of the Issuers, at any time in whole but not in part, upon not less than 15 nor more than 45 days’ notice
      (which notice shall be irrevocable) to the Holders (with a copy to the Trustee) mailed by first-class mail to each Holder’s registered address (or delivered electronically if held by DTC), at a redemption price equal to 100% of the principal amount
      of the Notes being redeemed, plus accrued and unpaid interest, if any, to, but not including, the date of redemption (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date)
      and Additional Amounts, if any, in the event the Issuers have become or would become obligated to pay, on the next date on which any amount would be payable with respect to the Notes, any Additional Amounts with respect to the Notes as a result of:

    

    

    (i)          a change in or an amendment to the laws (including any regulations, rulings or protocols promulgated and treaties enacted thereunder) of any Relevant
      Taxing Jurisdiction affecting taxation; or

    

    

    (ii)          any change in or amendment to, or the introduction of, any official position regarding the application, administration or interpretation of such laws,
      regulations, rulings, protocols or treaties (including a holding, judgment or order by a court of competent jurisdiction),

    

    

    which change or amendment is announced or becomes effective on or after the date on which the Notes are issued (or, in the case of a jurisdiction that becomes a Relevant Taxing Jurisdiction after such date, on or after such later date), and where
      the Issuers cannot avoid such obligation by taking reasonable measures available to the Issuers.  Notwithstanding the foregoing, no such notice of redemption will be given (x) earlier than 90 days prior to the earliest date on which the Issuers would
      be obliged to make such payment of Additional Amounts and (y) unless at the time such notice is given, such obligation to pay such Additional Amounts remains in effect.

    

    

    (b)          Before the Issuers publish or mail or deliver notice of redemption of the Notes as described above, the Issuers will deliver to the Trustee an Officers’ Certificate
      stating that the Issuers cannot avoid their obligation to pay Additional Amounts by taking reasonable measures available to them and that all conditions precedent to the redemption have been complied with.  The Issuers will also deliver to the
      Trustee an Opinion of Counsel from outside counsel stating that the Issuers would be obligated to pay Additional Amounts as a result of a change or amendment described above and that all conditions precedent to the
        redemption have been complied with.

    

    

    

    

    
      7

      
        

    

    (c)          This Section will apply mutatis mutandis to any jurisdiction in which any successor Person to an Issuer is incorporated or
      organized or any political subdivision or taxing authority or agency thereof or therein.

    

    

    ARTICLE III

    

    

    TRANSFER AND EXCHANGE

    

    

    SECTION 3.01          Transfer and Exchange of Global Notes.  A Global Note may not be transferred as a whole except by the Depositary to a nominee of the Depositary, by a
      nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary.  All Global Notes shall be exchangeable pursuant to
      Section 2.08 of the Original Indenture for Definitive Notes if:

    

    

    (a)          the Issuers deliver to the Trustee notice from the Depositary that it is unwilling or unable to continue to act as Depositary or that it is no longer a clearing agency
      registered under the Exchange Act and, in either case, a successor Depositary is not appointed by the Issuers within 90 days after the date of such notice from the Depositary;

    

    

    (b)          the Issuers in their sole discretion determine that the Global Notes (in whole but not in part) should be exchanged for Definitive Notes and deliver a written notice to
      such effect to the Trustee; or

    

    

    (c)          an Event of Default with respect to the Notes represented by such Global Note shall have occurred and be continuing and the Holders of a majority in principal amount of
      the Notes have requested the Issuers to issue Definitive Notes.

    

    

    Upon the occurrence of any of the preceding events in clause (a), (b) or (c) above, Definitive Notes shall be issued in such names as the Depositary shall instruct the Issuers and the
      Trustee.  Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.09 and 2.11 of the Original Indenture.  A Global Note may not be exchanged for a Definitive Note other than as provided in this Section 3.01;
      however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 3.02 or 3.03 hereof.

    

    

    SECTION 3.02          Transfer and Exchange of Beneficial Interests in the Global  Notes.  The transfer and exchange of beneficial
      interests in the Global Notes will be effected through the Depositary, in accordance with the provisions of this Third Supplemental Indenture and the Applicable Procedures.  The transferor of such beneficial
      interest must deliver to the Registrar either:

    

    

    (a)          both:

    

    

    
      8

      
        

    

    

    

    (A)          a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary to credit or cause to be credited a beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred or exchanged; and

    

    

    (B)          instructions given in accordance with the Applicable Procedures containing information regarding the Participant account to be credited with such
      increase; or

    

    

    (b)          both:

    

    

    (A)          a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the
      Depositary to cause to be issued a Definitive Note in an amount equal to the beneficial interest to be transferred or exchanged; and

    

    

    (B)          instructions given by the Depositary to the Registrar containing information regarding the Person in whose name such Definitive Note shall be
      registered to effect the transfer or exchange referred to in subclause (A) of this clause (b).

    

    

    Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Notes contained in this Indenture and the Notes, the Trustee shall adjust the principal amount of the relevant
      Global Note(s) pursuant to Section 3.07 hereof.

    

    

    SECTION 3.03          Transfer or Exchange of Beneficial Interests in Global Notes  for Definitive Notes.  Subject to the terms hereof,
      including Section 3.01 hereof, if any holder of a beneficial interest in a Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a
      Definitive Note, then, upon satisfaction of the conditions set forth in Section 3.02 hereof, the Trustee will cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 3.07 hereof, and the
      Issuers will execute and the Trustee, upon receipt of a Company Order in accordance with Section 2.04 of the Original Indenture, will authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal
      amount.  Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 3.03 will be registered in such name or names and in such authorized denomination or denominations as the Holder
      of such beneficial interest requests through instructions to the Registrar from or through the Depositary and the Participant or Indirect Participant.  The Trustee will deliver such Definitive Notes to the
      Persons in whose names such Notes are so registered.

    

    

    SECTION 3.04          Transfer and Exchange of Definitive Notes for Beneficial  Interests in Global Notes.  A Holder of a Definitive Note
      may exchange such Note for a beneficial interest in a Global Note or transfer such Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in a Global Note at any time.  Upon
      receipt of a request for such an exchange or transfer, the Trustee will cancel the applicable Definitive Note and increase or cause to be increased the aggregate principal amount of one of the Global Notes.

    

    

    

    

    
      9

      
        

    

    If any such exchange or transfer from a Definitive Note to a beneficial interest is effected at a time when a Global Note has not yet been issued, the Issuers will issue and, upon receipt of a Company Order in accordance with Section 2.04 of the Original Indenture, the Trustee will authenticate one or more Global Notes in an aggregate principal amount equal to the principal amount of Definitive Notes so transferred.

    

    

    SECTION 3.05          Transfer and Exchange of Definitive Notes for Definitive  Notes.  Upon request by a Holder of Definitive Notes and
      such Holder’s compliance with the provisions of this Section 3.05, the Registrar will register the transfer or exchange of Definitive Notes.  Prior to such registration of transfer or exchange, the requesting
      Holder must present or surrender to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or by its attorney, duly authorized in
      writing.

    

    

    SECTION 3.06          Legends.

    

    

    (a)          The following legend will appear on the face of all Global Notes issued under this Third Supplemental Indenture unless specifically stated otherwise in the applicable
      provisions of this Third Supplemental Indenture:

    

    

    “THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1)
      THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO THE INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO ARTICLE III OF THE THIRD SUPPLEMENTAL INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED
      TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.12 OF THE INDENTURE AND (4) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE ISSUERS.

    

    

    UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER
      NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.  UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
      DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE ISSUERS OR THEIR AGENTS FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY
      BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
      ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.”

    

    

    

    

    
      10

      
        

    

    (b)          The following legend (the “Private Placement Legend”) will appear on the face of all Global Notes and Definitive Notes issued under this Third Supplemental
      Indenture unless specifically stated otherwise in the applicable provisions of this Third Supplemental Indenture:

    

    

    “THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION AND, ACCORDINGLY, MAY NOT BE OFFERED
      OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS EXCEPT AS SET FORTH BELOW. EACH PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED THAT THE SELLER OF THIS SECURITY MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS
      OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A, REGULATION S OR ANOTHER EXEMPTION THEREUNDER.

    

    

    BY ITS ACCEPTANCE HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE HOLDER (1) REPRESENTS THAT (A) IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT), (B) IT IS NOT A U.S. PERSON, IS NOT ACQUIRING THIS SECURITY
      FOR THE ACCOUNT OR FOR THE BENEFIT OF A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT OR (C) IT IS AN INSTITUTIONAL “ACCREDITED INVESTOR”  (AS DEFINED IN RULE 501(A)(1),
      (2), (3), (7), (8), (9), (12) OR (13) UNDER REGULATION D PROMULGATED UNDER THE SECURITIES ACT (AN “ACCREDITED INVESTOR”)), (2) AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS
      PURCHASED THE SECURITIES THAT IT WILL NOT WITHIN ONE YEAR AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH AN ISSUER OR ANY AFFILIATE OF AN ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY) (SUCH
      DATE, THE “RESALE RESTRICTION TERMINATION DATE”) RESELL OR OTHERWISE TRANSFER THIS SECURITY EXCEPT (A) TO AN ISSUER OR ANY SUBSIDIARY THEREOF, (B) FOR SO LONG AS THIS SECURITY IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO
      A PERSON WHOM THE HOLDER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, (C) TO AN ACCREDITED INVESTOR THAT IS ACQUIRING THE SECURITIES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF SUCH AN
      ACCREDITED INVESTOR, IN EACH CASE, IN A MINIMUM PRINCIPAL AMOUNT OF THE SECURITIES OF $250,000, FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO OR FOR THE OFFER OR SALE IN CONNECTION WITH ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, AND THAT
      PRIOR TO SUCH TRANSFER, FURNISHES (OR HAS FURNISHED ON ITS BEHALF BY A U.S. BROKER DEALER) TO THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE RESTRICTIONS ON TRANSFER OF THIS SECURITY (THE FORM OF WHICH
      LETTER CAN BE OBTAINED FROM THE TRUSTEE OF THIS SECURITY), (D) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (E) PURSUANT TO THE EXEMPTION FROM REGISTRATION
      PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE), (F) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL IF THE ISSUERS SO REQUEST) OR (G) PURSUANT TO AN
      EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND (3) AGREES THAT IT WILL GIVE TO EACH PERSON TO WHOM THIS SECURITY IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE
      HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. IN CONNECTION WITH ANY TRANSFER OF THIS SECURITY PURSUANT TO SUBCLAUSES (C), (D) AND (F) ABOVE, THE HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE TRUSTEE AND THE ISSUERS SUCH CERTIFICATIONS,
      LEGAL OPINIONS OR OTHER INFORMATION AS EITHER OF THEM MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. AS USED
      HEREIN, THE TERMS “OFFSHORE TRANSACTION,” “UNITED STATES” AND “U.S. PERSON” HAVE THE MEANING GIVEN TO THEM BY REGULATION S UNDER THE SECURITIES ACT.”

    

    

    

    

    
      11

      
        

    

    (c)          Notwithstanding the foregoing, any Global Note or Definitive Note issued in unrestricted form will not bear the Private Placement Legend.

    

    

    SECTION 3.07          Cancellation and/or Adjustment of Global Notes.  At such time as all beneficial interests in a particular Global Note have
        been exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or cancelled in whole and not in part, each such Global Note will be returned to or retained and cancelled by the Trustee in accordance with Section 2.12
        of the Original Indenture.  At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note
        or for Definitive Notes, the principal amount of Notes represented by such Global Note will be reduced accordingly and an endorsement will be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect
        such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other Global Note will be increased accordingly and an
        endorsement will be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase.

    

    

    SECTION 3.08          General Provisions Relating to Transfers and Exchanges.

    

    

    
      (a)          To permit registrations of transfers and exchanges, the Issuers will execute and the Trustee will authenticate Global Notes and Definitive Notes upon receipt of a
        Company Order in accordance with Section 2.04 of the Original Indenture.

      

      

      (b)          No service charge will be made to a Holder of a Global Note or to a Holder of a Definitive Note for any registration of transfer or exchange, but the Issuers may
        require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections
        2.11, 3.06 and 9.04 of the Original Indenture and Section 5.01 of this Third Supplemental Indenture).

    

    

    

    

    

    
      12

      
        

    

    

    (c)          The Registrar will not be required to register the transfer of or exchange any Note selected for redemption in whole or in part, except the unredeemed portion of any Note
      being redeemed in part.

    

    

    (d)          All Global Notes and Definitive Notes issued upon any registration of transfer or exchange of Global Notes or Definitive Notes will be the valid obligations of the
      Issuers, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Global Notes or Definitive Notes surrendered upon such registration of transfer or exchange.

    

    

    (e)          The Issuers will not be required:

    

    

    (A)          to issue, to register the transfer of or to exchange any Notes during a period beginning at the opening of business 15 days before the day of any
      selection of Notes for redemption under Section 3.02 of the Original Indenture and ending at the close of business on the day of selection;

    

    

    (B)          to register the transfer of or to exchange any Note selected for redemption in whole or in part, except the unredeemed portion of any Note being
      redeemed in part; or

    

    

    (C)          to register the transfer of or to exchange a Note between a Record Date and the next succeeding Interest Payment Date.

    

    

    (f)          Prior to due presentment for the registration of a transfer of any Note, the Trustee, any Agent and the Issuers may deem and treat the Person in whose name any Note is
      registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Notes and for all other purposes, and none of the Trustee, any Agent or the Issuers shall be affected by notice to the contrary.

    

    

    (g)          The Trustee will authenticate Global Notes and Definitive Notes in accordance with the provisions of Section 2.04 of the Original Indenture.

    

    

    (h)          All certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to Article III to effect a registration of transfer or
      exchange may be submitted by facsimile.

    

    

    
      13

      
        

    

    

    

    (i)          Each Holder agrees to indemnify the Issuers, the Registrar and the Trustee against any liability that may result from the transfer, exchange or assignment of such
      Holder’s Note in violation of any provision of this Indenture and/or applicable United States federal or state securities law.  Neither the Trustee nor the Registrar shall have any obligation or duty to monitor,
      determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note other than to require delivery of such certificates and other
      documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

    

    

    ARTICLE IV

    

    

    LEGAL DEFEASANCE, COVENANT DEFEASANCE

    AND SATISFACTION AND DISCHARGE

    

    

    SECTION 4.01          Legal Defeasance, Covenant Defeasance and Satisfaction and Discharge.  Article VIII of the Original Indenture (as
      modified herein) shall be applicable to the Notes.  The Issuers may defease the covenant contained in Section 5.01 of this Third Supplemental Indenture under the provisions of Section 8.03 of the Original
      Indenture.

    

    

    ARTICLE V

    

    

    COVENANTS

    

    

    SECTION 5.01          Repurchase upon a Change of Control Triggering Event.

    

    

    (a)          Upon the occurrence of a Change of Control Triggering Event after the date of this Third Supplemental Indenture, the Issuers will make an offer to purchase all of the
      Notes pursuant to the offer described below (the “Change of Control Offer”) at a price in cash (the “Change of Control Payment”) equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest to, but not
      including, the date of purchase, subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date.

    

    

    (b)          Within 30 days following any Change of Control Triggering Event, the Issuers will send notice of such Change of Control Offer by first-class mail or electronically, or
      delivered electronically if held by DTC, with a copy to the Trustee, to each Holder of Notes to the physical or electronic mailing address of such Holder appearing in the register or otherwise in accordance with the procedures of DTC, with the
      following information:

    

    

    (i)          a Change of Control Offer is being made pursuant to this Section 5.01 and that all Notes properly tendered pursuant to such Change of Control Offer
      will be accepted for payment;

    

    

    (ii)          the purchase price and the purchase date, which will be no earlier than 30 days nor later than 60 days from the date such notice is mailed or
      delivered (the “Change of Control Payment Date”);

    

    

    

    

    
      14

      
        

    

    (iii)          any Note not properly tendered will remain Outstanding and continue to accrue interest;

    

    

    (iv)          unless the Issuers default in the payment of the Change of Control Payment, all Notes accepted for payment pursuant to the Change of Control Offer
      will cease to accrue interest on, but not including, the Change of Control Payment Date;

    

    

    (v)          the instructions determined by the Issuers consistent with this covenant that a Holder must follow in order to have its Notes purchased or to cancel a
      previous order of purchase; and

    

    

    (vi)          if such notice is mailed or delivered prior to the occurrence of a Change of Control Triggering Event, stating that the Change of Control Offer is
      conditional on the occurrence of such Change of Control Triggering Event.

    

    

    (c)          While the Notes are in global form, when the Issuers make an offer to purchase all of the Notes pursuant to the Change of Control Offer, a Holder may exercise its option
      to elect for the purchase of the Notes through the facilities of DTC, subject to DTC’s rules and regulations.

    

    

    (d)          If Holders of not less than 90% in aggregate principal amount of the Outstanding Notes validly tender and do not withdraw such Notes in a Change of Control Offer and the
      Issuers, or any other Person making a Change of Control Offer in lieu of the Issuers as described below, purchase all of the Notes validly tendered and not withdrawn by such Holders, the Issuers will have the right, upon not less than 30 nor more
      than 60 days’ prior notice, given not more than 30 days following such purchase pursuant to the Change of Control Offer described above, to redeem all Notes that remain Outstanding following such purchase at a redemption price in cash equal to 101%
      of the principal amount thereof, plus accrued and unpaid interest to, but not including, the date of redemption (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date).

    

    

    (e)          The Issuers will not be required to make a Change of Control Offer following a Change of Control Triggering Event if (1) a third party makes the Change of Control Offer
      in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to a Change of Control Offer made by the Issuers and purchases all Notes validly tendered and not withdrawn pursuant to such Change
      of Control Offer or (2) notice of redemption has been given pursuant to this Indenture as described in Section 3.03 of the Original Indenture (as amended and supplemented by this Third Supplemental Indenture), unless and until there is a default in
      payment of the applicable redemption price.  Notwithstanding anything to the contrary herein, a Change of Control Offer may be made in advance of a Change of Control Triggering Event, conditional upon the
      occurrence of such Change of Control Triggering Event.

    

    

    (f)          Notes repurchased by the Issuers pursuant to a Change of Control Offer will have the status of Notes issued but not Outstanding or will be retired and cancelled at the
      option of the Issuers.  Notes purchased by a third party pursuant to the preceding paragraph will have the status of Notes issued and Outstanding.

    

    

    

    

    
      15

      
        

    

    (g)          The Issuers will comply with the requirements of Section 14(e) under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws or
      regulations are applicable in connection with the repurchase of the Notes pursuant to a Change of Control Offer.  To the extent that the provisions of any securities laws or regulations conflict with the
      provisions of this Indenture, the Issuers will comply with the applicable securities laws and regulations and shall not be deemed to have breached their obligations described in this Indenture by virtue thereof.

    

    

    (h)          On the Change of Control Payment Date, the Issuers (or any Person making a Change of Control Offer in lieu of the Issuers) will, to the extent permitted by law,

    

    

    (i)          accept for payment all Notes or portions thereof properly tendered pursuant to the Change of Control Offer;

    

    

    (ii)         deposit with the Paying Agent an amount equal to the aggregate Change of Control Payment in respect of all Notes or portions thereof so tendered; and

    

    

    (iii)         at the option of the Issuers, unless a Person is making a Change of Control Offer in lieu of the Issuers, deliver, or cause to be delivered, to the
      Trustee for cancellation the Notes so accepted together with an Officers’ Certificate stating that such Notes or portions thereof have been tendered to and purchased by the Issuers.

    

    

    (i)          The Paying Agent will promptly mail or otherwise deliver to each Holder of the Notes the Change of Control Payment for such Notes, and the Issuers shall execute and the
      Trustee, upon a Company Order, will promptly authenticate and mail, or will cause to be delivered electronically if held by DTC, to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each such new Note will be in a minimum denomination of $150,000 and an integral multiple of $1,000 above that amount.  The Issuers will publicly announce the
      results of the Change of Control Offer on or as soon as practicable after the Change of Control Payment Date.

    

    

    (j)          Other than as specifically provided in this Section, any purchase pursuant to this Section shall be made pursuant to the provisions of Article III of the Original
      Indenture.

    

    

    SECTION 5.02          Voting. Notwithstanding anything to the contrary in the Original Indenture or this Third Supplemental Indenture, except as
        otherwise required by law, so long as the initial Holder of the Initial Notes (or any of its Affiliates) holds a majority of the Notes, Notes owned by such Holder shall not be disregarded, shall be deemed to be Outstanding, and shall be entitled to
        consent to any action by the Holders of the Notes, including any action referred to in Section IX of the Original Indenture.

    

    

    ARTICLE VI

    

    

    MISCELLANEOUS

    

    

    SECTION 6.01          Ratification of Original Indenture; Supplemental Indenture Part of Original Indenture.  Except as expressly amended
      hereby, the Original Indenture, including Section 11.18 thereof regarding submission to jurisdiction, is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.  This Third Supplemental Indenture shall form a part of the Original Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby.

    

    

    

    

    
      16

      
        

    

    SECTION 6.02          Concerning the Trustee.  The recitals contained herein and in the Notes, except with respect to the Trustee’s
      certificates of authentication, shall be taken as the statements of the Issuers, and the Trustee assumes no responsibility for the correctness of the same.  The Trustee makes no representations as to the validity
      or sufficiency of this Third Supplemental Indenture or of the Notes.

    

    

    SECTION 6.03          Multiple Originals; Electronic Signatures.  This Third Supplemental Indenture or any document to be signed in
      connection therewith may be executed by manual, electronic or facsimile signature in any number of counterparts, each of which when so executed shall be deemed to be an original, but all such counterparts shall together constitute one and the same
      instrument.  The exchange of copies of this Third Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Third Supplemental Indenture as to the parties hereto and may
      be used in lieu of the original Third Supplemental Indenture for all purposes.  Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. The words “executed,” “signed,”
      “signature,” “delivery,” and words of like import in or relating to this Third Supplemental Indenture or any  document to be signed in connection with this Third Supplemental Indenture shall be deemed to include electronic signatures, deliveries or
      the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be,
      and the parties hereto consent to conduct the transactions contemplated hereunder by electronic means; provided that, notwithstanding anything herein to the contrary, the Trustee is not under any obligation
      to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Trustee pursuant to procedures approved by the Trustee, except such acceptance shall not be unreasonably withheld or delayed.

    

    

    SECTION 6.04          GOVERNING LAW.  THIS THIRD SUPPLEMENTAL INDENTURE AND EACH NOTE OF THE SERIES
        CREATED HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
        JURISDICTION WOULD BE REQUIRED THEREBY.

    

    

    [Signature Page Follows]

    

    

    
      17

      
        

    

    

    

    IN WITNESS WHEREOF, the parties have caused this Third Supplemental Indenture to be duly executed by their respective officers thereunto duly authorized as of the date first above written.

    

    

    	
            SIGNED and DELIVERED as a DEED for and on behalf of AERCAP

                IRELAND CAPITAL DESIGNATED ACTIVITY COMPANY 

            

          	 	/s/ Ken Faulkner

          
	 	 	
             Ken Faulkner

            Attorney

          
	
            in the presence of: 

            

          	 	

          
	 	 	 
	Signature of Witness:	 	/s/ Amy Smyth

          
	 	 	 
	
            Name of Witness:

            

          	 	Amy Smyth

          
	 	 	 
	
            Address of Witness:

            

          	 	4450 Atlantic Avenue, Westpark,

          
	 	 	Shannon, Co. Clare.
	 	 	

          
	
            Occupation of Witness:

            

          	 	Chartered Secretary

          
	 	 	 
	
            SIGNED and DELIVERED as a DEED for and on behalf of AERCAP

                GLOBAL AVIATION TRUST, a Delaware statutory trust by AerCap Ireland Capital Designated Activity Company, its Regular Trustee, by

             

             Ken Faulkner                          

              

          	 	/s/ Ken Faulkner

          
	 
	 
	 
	as duly authorised attorney	 	 
	 	 	 
	 	 	 
	
            in the presence of:

          	 	

          
	 	 	 
	Signature of Witness: 	 	/s/ Amy Smyth

          
	 	 	 
	
            Name of Witness: 

            

          	 	Amy Smyth

          
	 	 	 
	
            Address of Witness: 

            

          	 	
            4450 Atlantic Avenue, Westpark,

            

          
	 	 	Shannon, Co. Clare. 
	 	 	 
	
            Occupation of Witness: 

            

          	 	Chartered Secretary

          

    

    

    

    

    

    

    
      [Signature Page to Third Supplemental Indenture]

    

    
      
        

    

    

    

    
      	 	AERCAP HOLDINGS N.V.	 
	 	 	 	 
	
              

              

            	
              By: 

            	/s/ Risteard Sheridan

            	 
	 	 	Name:	Risteard Sheridan

            	 
	 	 	Title:	Attorney

            	 

    

    

    

    
      

      

      
        	 	AERCAP AVIATION SOLUTIONS B.V.	 
	 	 	 	 
	
                

                

              	
                By: 

              	/s/ Johan-Willem Dekkers 	 
	 	 	Name:	Johan-Willem Dekkers

              	 
	 	 	Title:	
                For and on behalf of AerCap Group Services, B.V.

                

                Director

                

              	 

      

      

      

    

    

    

    
      
        

        

        
          	SIGNED and DELIVERED as a DEED by	

                	/s/ Ken Faulkner

                	 
	Ken Faulkner                               

                	

                	

                	

                	 
	as duly authorised attorney of	 	 	 	 
	AERCAP IRELAND LIMITED	

                	

                	

                	 
	 	 	 	 	 
	in the presence of:	 	 	 	 
	 	 	 	 	 
	Signature of Witness:	 	 	/s/ Amy Smyth

                	 
	 	 	 	 	 
	Name of Witness:	 	 	Amy Smyth 

                	 
	 	 	 	 	 
	Address of Witness:	 	 	
                  4450 Atlantic Avenue, Westpark,

                  

                	 
	 	 	 	Shannon, Co. Clare.	 
	 	 	 	 	 
	 	 	 	 	 
	Occupation of Witness:	 	 	Chartered Secretary

                	 
	 	 	 	 	 

        

      

      

      

      
        

        

        
          	 	AERCAP U.S. GLOBAL AVIATION LLC	 
	 	 	 	 
	
                  

                  

                	
                  By: 

                	/s/ Ken Faulkner

                	 
	 	 	Name:	Ken Faulkner

                	 
	 	 	Title:	Authorized Signatory

                	 

        

        

        

        
          

          

          
            	 	
                    INTERNATIONAL LEASE FINANCE 

                    CORPORATION

                  	 
	 	 	 	 
	
                    

                    

                  	
                    By: 

                  	/s/ Patrick Ross

                  	 
	 	 	Name:	/s/ Patrick Ross

                  	 
	 	 	Title:	Vice President

                  	 

          

          

          

        

      

    

    

     

    

    
      [Signature Page to Third Supplemental Indenture]

    

    
      
        

    

    
      
        
          

          

          
            

            

            
              	 	
                      THE BANK OF NEW YORK MELLON TRUST 

                      COMPANY, N.A., as Trustee

                    	 
	 	 	 	 
	
                      

                      

                    	
                      By: 

                    	/s/ Linda Wirfel

                    	 
	 	 	Name:	Linda Wirfel

                    	 
	 	 	Title:	Vice President

                    	 

            

            

            

          

        

      

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    [Signature Page to Third Supplemental Indenture]

    
      
        

    

    

    

    

    

    EXHIBIT A

    

    

    [Face of Note]

    

    

    [Insert the Global Note Legend, if applicable pursuant to the provisions of the Indenture]

    

    

    [THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION AND, ACCORDINGLY, MAY NOT BE OFFERED
      OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS EXCEPT AS SET FORTH BELOW. EACH PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED THAT THE SELLER OF THIS SECURITY MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS
      OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A, REGULATION S OR ANOTHER EXEMPTION THEREUNDER.

    

    

    BY ITS ACCEPTANCE HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE HOLDER (1) REPRESENTS THAT (A) IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT), (B) IT IS NOT A U.S. PERSON, IS NOT ACQUIRING THIS SECURITY
      FOR THE ACCOUNT OR FOR THE BENEFIT OF A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT OR (C) IT IS AN INSTITUTIONAL “ACCREDITED INVESTOR”  (AS DEFINED IN RULE 501(A)(1),
      (2), (3), (7), (8), (9), (12) OR (13) UNDER REGULATION D PROMULGATED UNDER THE SECURITIES ACT (AN “ACCREDITED INVESTOR”)), (2) AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS
      PURCHASED THE SECURITIES THAT IT WILL NOT WITHIN ONE YEAR AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH AN ISSUER OR ANY AFFILIATE OF AN ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY) (SUCH
      DATE, THE “RESALE RESTRICTION TERMINATION DATE”) RESELL OR OTHERWISE TRANSFER THIS SECURITY EXCEPT (A) TO AN ISSUER OR ANY SUBSIDIARY THEREOF, (B) FOR SO LONG AS THIS SECURITY IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO
      A PERSON WHOM THE HOLDER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, (C) TO AN ACCREDITED INVESTOR THAT IS ACQUIRING THE SECURITIES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF SUCH AN
      ACCREDITED INVESTOR, IN EACH CASE, IN A MINIMUM PRINCIPAL AMOUNT OF THE SECURITIES OF $250,000, FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO OR FOR THE OFFER OR SALE IN CONNECTION WITH ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, AND THAT
      PRIOR TO SUCH TRANSFER, FURNISHES (OR HAS FURNISHED ON ITS BEHALF BY A U.S. BROKER DEALER) TO THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE RESTRICTIONS ON TRANSFER OF THIS SECURITY (THE FORM OF WHICH
      LETTER CAN BE OBTAINED FROM THE TRUSTEE OF THIS SECURITY), (D) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (E) PURSUANT TO THE EXEMPTION FROM REGISTRATION
      PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE), (F) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL IF THE ISSUERS SO REQUEST) OR (G) PURSUANT TO AN
      EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND (3) AGREES THAT IT WILL GIVE TO EACH PERSON TO WHOM THIS SECURITY IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE
      HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. IN CONNECTION WITH ANY TRANSFER OF THIS SECURITY PURSUANT TO SUBCLAUSES (C), (D) AND (F) ABOVE, THE HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE TRUSTEE AND THE ISSUERS SUCH CERTIFICATIONS,
      LEGAL OPINIONS OR OTHER INFORMATION AS EITHER OF THEM MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. AS USED
      HEREIN, THE TERMS “OFFSHORE TRANSACTION,” “UNITED STATES” AND “U.S. PERSON” HAVE THE MEANING GIVEN TO THEM BY REGULATION S UNDER THE SECURITIES ACT.”]*

    

    

    
      

      

      
        

        

        

        

        

        

        * This legend should be included if the Note is a restricted Note.

         

      

      
        
          

      

       

    

    

    

    

    
      

     

    

     

    

    1.899% Senior Notes due 2025

    

    

    
      	No. [ ]	$[   ]

    

    

    

    AERCAP IRELAND CAPITAL DESIGNATED ACTIVITY COMPANY and AERCAP GLOBAL AVIATION TRUST promise, jointly and severally, to pay to [    ] or registered assigns, the principal sum of [    ] Dollars on November 1, 2025 or such greater or lesser amount as
      may be indicated in Schedule A hereto.

    

    

    Interest Payment Dates: May 1 and November 1

    

    

    Record Dates: April 15 and October 15

    

    

    Additional provisions of this Note are set forth on the other side of this Note.

    

    

    

    

    

     

    

    
      A-2

      
        

    

    

    

    IN WITNESS WHEREOF, the parties have caused this instrument to be duly executed.

    
      

      

      	
              SIGNED and DELIVERED as a DEED for and on behalf of AERCAP

                  IRELAND CAPITAL DESIGNATED ACTIVITY COMPANY 

              

            	 	

            
	 
	 	 	 
	
              in the presence of: 

              

            	 	

            
	 	 	 
	Signature of Witness:	 	 
	 	 	 
	
              Name of Witness:

              

            	 	

            
	 	 	 
	
              Address of Witness:

              

            	 	

            
	 	 	 
	 	 	 
	 	 	

            
	
              Occupation of Witness:

              

            	 	

            
	 	 	 
	
              SIGNED and DELIVERED as a DEED for and on behalf of AERCAP

                  GLOBAL AVIATION TRUST, a Delaware statutory trust by AerCap Ireland Capital Designated Activity Company, its Regular Trustee, by

               

               ______________________________________

              

              as duly authorised attorney 

              

            	 	

            
	 
	 
	 
	 	 	 
	 	 	 
	
              in the presence of:

            	 	

            
	 	 	 
	Signature of Witness: 	 	 
	 	 	 
	
              Name of Witness: 

              

            	 	

            
	 	 	 
	
              Address of Witness: 

              

            	 	

            
	 	 	

            
	 	 	 
	 	 	 
	
              Occupation of Witness: 

              

            	 	

            

      

      

      

      

      

      

    

    

    

    
      A-3

      
        

    

    

    

    TRUSTEE’S CERTIFICATE OF AUTHENTICATION

    

    

    This Note is one of the 1.899% Senior Notes due 2025 referred to in the within-mentioned Indenture.

    

    

    Dated:

    
      
        
          
            
              

              

              
                	
                        THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

                        as Trustee

                      
	 	 
	
                        by 

                      	

                      
	 	Authorized Signatory

              

              

              

            

          

        

      

    

     

    

    

    

    

    
      A-4

      
        

    

    

    

    [Reverse of Note]

    

    

    1.899% Senior Notes due 2025

    

    

    	

          	1.	
            Indenture

          

    

    

    This Note is one of a duly authorized issue of Notes of the Issuers (as hereinafter defined), designated as their 1.899% Senior Notes due 2025 (herein called the “Notes,” which expression includes any further
      notes issued pursuant to Section 2.04 of the Third Supplemental Indenture (as hereinafter defined) and forming a single Series therewith), issued and to be issued under an indenture, dated as of October 29, 2021 (the “Original Indenture”), as
      further supplemented by a Third Supplemental indenture, dated as of November 1, 2021 (the “Third Supplemental Indenture” and, together with the Original Indenture, the “Indenture”), among AERCAP IRELAND CAPITAL DESIGNATED ACTIVITY
      COMPANY, a designated activity company limited by shares incorporated under the laws of Ireland with registered number 535682 (the “Irish Issuer”), AERCAP GLOBAL AVIATION TRUST, a statutory trust organized under the laws of Delaware (the “U.S.

        Issuer” and, together with the Irish Issuer, the “Issuers,” and each, an “Issuer”), AERCAP HOLDINGS N.V., a public limited liability company organized under the laws of the Netherlands (“Holdings”), each of Holdings’
      subsidiaries signatory thereto or that becomes a Guarantor pursuant to the terms of the Indenture (the “Subsidiary Guarantors”) and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association organized under the laws of the
      United States, as trustee (the “Trustee”).  Reference is hereby made to the Indenture and all indentures supplemental thereto relevant to the Notes for a complete description of the rights, limitations of rights, obligations, duties and
      immunities thereunder of the Trustee, the Issuers and the Holders of the Notes.  Capitalized terms used but not defined in this Note shall have the meanings ascribed to them in the Indenture.

    

    

    The Indenture imposes certain limitations on the ability of Holdings and its Restricted Subsidiaries to create or incur Liens.  The Indenture also imposes certain limitations on the ability of the Holdings and its
      Restricted Subsidiaries to merge, consolidate or amalgamate with or into any other person or sell, transfer, assign, lease, convey or otherwise dispose of all or substantially all of the property of Holdings and its Restricted Subsidiaries in any one
      transaction or series of related transactions.

    

    

    Each Note is subject to, and qualified by, all such terms as set forth in the Indenture, certain of which are summarized herein, and each Holder of a Note is referred to the corresponding provisions of the Indenture for
      a complete statement of such terms.  To the extent that there is any inconsistency between the summary provisions set forth in the Notes and the Indenture, the provisions of the Indenture shall govern.

    

    

    	

          	2.	
            Interest

          

    

    

    The Issuers promise to pay interest on the principal amount of this Note at the rate per annum shown above.  The Issuers will pay interest semiannually on May 1 and November 1 of each year, commencing on May 1, 2022. 
      Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including November 1, 2021.  Interest shall be computed on the basis of a 360-day
        year of twelve 30 day months.

    

    

    

    

    
      A-5

      
        

    

    

    

    	

          	3.	
            Paying Agent, Registrar and Service Agent

          

    

    

    Initially the Trustee will act as paying agent and registrar.  Initially, CT Corporation System will act as service agent.  The Issuers may appoint and change any paying agent, registrar or
        service agent without notice.  Holdings or any of its Subsidiaries may act as paying agent, registrar or service agent.

    

    

    	

          	4.	
            Defaults and Remedies; Waiver

          

    

    

    Article VI of the Original Indenture (as amended and supplemented by the Third Supplemental Indenture) sets forth the Events of Default and related remedies applicable to the Notes.

    

    

    	

          	5.	
            Amendment

          

    

    

    Article IX of the Original Indenture sets forth the terms by which the Notes and the Indenture may be amended.

    

    

    	

          	6.	
            Change of Control

          

    

    

    Upon the occurrence of a Change of Control Triggering Event, unless a third party makes a Change of Control Offer in accordance with the requirements set forth in the Indenture or the
        Issuers have previously or concurrently sent a redemption notice with respect to all the Outstanding Notes as described in Section 3.03 of the Original Indenture (as amended and supplemented by the Third
        Supplemental Indenture), the Issuers will make an offer to purchase all of the Notes at a price in cash equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest to, but not
        including, the date of purchase, subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date.

    

    

    	

          	7.	
            Obligations Absolute

          

    

    

    No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligations of the Issuers, which are absolute and unconditional, to pay the
      principal of and any premium and interest on this Note at the place, at the respective times, at the rate and in the coin or currency herein prescribed.

    

    

    	

          	8.	
            Sinking Fund

          

    

    

    The Notes will not have the benefit of any sinking fund.

    

    

    	

          	9.	
            Denominations; Transfer; Exchange

          

    

    

    The Notes are issuable in registered form without coupons in minimum denominations of $150,000 principal amount and any integral multiple of $1,000 in excess thereof.  When Notes are
        presented to the Registrar with a request to register a transfer or to exchange them for an equal principal amount of Notes of the same Series, the Registrar shall register the transfer or make the exchange in
        the manner and subject to the limitations provided in the Indenture, without payment of any service charge but the Issuer may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection
        therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.11, 3.06 and 9.04 of the Original Indenture and Section 5.01 of the Third
        Supplemental Indenture).

    

    

    

    

    
      A-6

      
        

    

    

    

    The Issuers and the Registrar shall not be required (a) to issue, register the transfer of or to exchange any Notes during a period beginning at the opening of business 15 days before the day of any
      selection of Notes for redemption under Section 3.02 of the Original Indenture and ending at the close of business on the day of selection; (b) to register the transfer of or to exchange any Note selected for redemption in whole or in part, except
      the unredeemed portion of any Note being redeemed in part; or (c) to register the transfer of or to exchange a Note between a Record Date and the next succeeding Interest Payment Date.

    

    

    	

          	10.	
            Further Issues

          

    

    

    The Issuers may from time to time, without the consent of the Holders of the Notes and in accordance with the Indenture, create and issue further notes having the same terms and conditions as the Notes in
      all respects (or in all respects except for the issue date and the amount and the date of the first interest payment thereon) so as to form a single Series with the Notes.

    

    

    	

          	11.	
            Optional Redemption

          

    

    

    (a)          Prior to the Par Call Date, the Issuers may redeem all or part of the Notes, after having sent a notice of redemption as described in Section 3.03 of the Original
      Indenture, at a redemption price equal to the greater of (i) 100% of the principal amount of Notes being redeemed or (ii) the sum of the present value at such redemption date of all remaining scheduled payments of principal and interest on such Notes
      through the Par Call Date (excluding accrued but unpaid interest to the redemption date), discounted to the date of redemption using a discount rate equal to the Treasury Rate plus 20 basis points, plus, in each case, accrued and unpaid interest, if
      any, to, but not including, the redemption date, subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date.

    

    

    (b)          On or after the Par Call Date, the Notes may be redeemed at the Issuers’ option, at any time in whole or from time to time in part, at a redemption price equal to 100% of
      the principal amount of the Notes being redeemed, plus accrued and unpaid interest, if any, to, but not including, the redemption date, subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant
      Interest Payment Date.

    

    

    	

          	12.	
            Redemption for Changes in Withholding Taxes

          

    

    

    (a)          The Issuers are entitled to redeem the Notes, at the option of the Issuers, at any time in whole but not in part, upon not less than 15 nor more than 45 days’ notice
      (which notice shall be irrevocable) to the Holders (with a copy to the Trustee) mailed by first-class mail or electronically to each Holder’s registered physical or electronic mailing address (or delivered electronically if held by DTC), at a
      redemption price equal to 100% of the principal amount of the Notes being redeemed, plus accrued and unpaid interest, if any, to, but not including, the date of redemption (subject to the right of Holders of record on the relevant Record Date to
      receive interest due on the relevant Interest Payment Date) and Additional Amounts, if any, in the event the Issuers have become or would become obligated to pay, on the next date on which any amount would be payable with respect to the Notes, any
      Additional Amounts with respect to the Notes as a result of:

    

    

    

    

    
      A-7

      
        

    

    

    

    (i)          a change in or an amendment to the laws (including any regulations, rulings or protocols promulgated and treaties enacted thereunder) of any Relevant
      Taxing Jurisdiction affecting taxation; or

    

    

    (ii)          any change in or amendment to, or the introduction of, any official position regarding the application, administration or interpretation of such laws,
      regulations, rulings, protocols or treaties (including a holding, judgment or order by a court of competent jurisdiction),

    

    

    which change or amendment is announced or becomes effective on or after the date on which the Notes are issued (or, in the case of a jurisdiction that becomes a Relevant Taxing Jurisdiction after such date, on or after such later date), and where
      the Issuers cannot avoid such obligation by taking reasonable measures available to the Issuers.  Notwithstanding the foregoing, no such notice of redemption will be given (x) earlier than 90 days prior to the earliest date on which the Issuers would
      be obliged to make such payment of Additional Amounts and (y) unless at the time such notice is given, such obligation to pay such Additional Amounts remains in effect.

    

    

    (b)          Before the Issuers publish or mail or deliver notice of redemption of the Notes as described above, the Issuers will deliver to the Trustee an Officers’ Certificate
      stating that the Issuers cannot avoid their obligation to pay Additional Amounts by taking reasonable measures available to them and that all conditions precedent to the redemption have been complied with.  The Issuers will also deliver to the
      Trustee an Opinion of Counsel from outside counsel stating that the Issuers would be obligated to pay Additional Amounts as a result of a change or amendment described above and that all conditions precedent to the
        redemption have been complied with.

    

    

    (c)          This Section will apply mutatis mutandis to any jurisdiction in which any successor Person to an Issuer is incorporated or
      organized or any political subdivision or taxing authority or agency thereof or therein.

    

    

    	

          	13.	
            Persons Deemed Owners

          

    

    

    The ownership of Notes shall be proved by the register maintained by the Registrar.

    

    

    	

          	14.	
            No Recourse Against Others

          

    

    

    No director, officer, employee, incorporator or stockholder of the Issuers, as such, will have any liability for any obligations of the Issuers under the Notes, the Indenture, or for any claim based on,
      in respect of, or by reason of, such obligations or their creation.  Each Holder by accepting a Note waives and releases all such liability.  The waiver and release are part of the consideration for issuance of the Notes.  The waiver may not be
      effective to waive liabilities under the federal securities laws.

    

    

    

    

    
      A-8

      
        

    

    

    

    	

          	15.	
            Discharge and Defeasance

          

    

    

    Subject to certain conditions set forth in the Indenture, the Issuers at any time may terminate some or all of their obligations under the Notes and the Indenture if the Issuers deposit with the Trustee
      money and/or U.S. Government Obligations for the payment of principal of, premium, if any, and interest on the Notes to redemption or maturity, as the case may be.

    

    

    	

          	16.	
            Unclaimed Money

          

    

    

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

    

    

    	

          	17.	
            Trustee Dealings with the Issuers

          

    

    

    Subject to certain limitations imposed by the TIA, the Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers or their Affiliates
      with the same rights it would have if it were not Trustee.  Any Paying Agent, Registrar or co paying agent may do the same with like rights.

    

    

    	

          	18.	
            Abbreviations

          

    

    

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

    

    

    	

          	19.	
            CUSIP Numbers†

          

    

    

    

    

    

      

      

      † This section should be included only if the Note is issued in Global Form

       

      

    

    
      A-9

      
        

    

    

    

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

    

    

    	

          	20.	
            Governing Law

          

    

    

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

    

    

    The Issuers will furnish to any Holder of Notes upon written request and without charge to the Holder a copy of the Indenture.

    

    

    

    
      A-10

      
        

    

    ASSIGNMENT FORM

    

    

    To assign this Note, fill in the form below:

     

    

    
      	(I) or (we) assign and transfer this Note to	
               

            
	
               

            	(Insert assignee’s legal name)

    

     

    

    
      	

            
	(Insert assignee’s soc. sec. or tax I.D. no.)

      

      

      	

            
	

            
	
              

              

            
	

            
	
              

              

            
	
              

              

            
	
              

              

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

    

     

    

    

    and irrevocably appoint to transfer this Note on the books of the Issuers.  The agent may substitute another to act for him or her.

    

    

    
      	Date:	
               

            	 

    

    
      

      

      
        	Your Signature:	
                 

              
	 	
                (Sign exactly as your name appears on the face of this Note)

              

      

       

      

      Signature Guarantee*:

      

       

      

       

      

       

      

       

      

    

    

    	*	
            Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee).

          

     

    

     

    

    
      A-11

      
        

    

    

    

    Option of Holder to Elect Purchase

    

    

    If you want to elect to have this Note purchased by the Issuers pursuant to Section 5.01 of the Third Supplemental Indenture, check the box:  ☐

    

    

    If you want to elect to have only part of the Note purchased by the Issuers pursuant to Section 5.01 of the Third Supplemental Indenture, state the amount you elect to have purchased:

    

    

    $_________________________          

    

     

    

    Date:

     

    

    
      	Your Signature:	
               

            
	
               

            	(Sign exactly as your name appears on the face of this Note)

      

      

      	Tax Identification No.:   

            	
               

            
	
               

            	
               

            

    

         

    Signature Guarantee*: 

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    	*	
            Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee).

          

     

    

     

    

    
      A-12

      
        

    

    

    

    Schedule A

    

    

    

    

    SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE*

    

    

    The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made:

    

    

    	
            
              Date of Exchange

            

          	 	
            
              Amount of decrease

              in Principal Amount

              of this Global Note

            

          	 	
            
              Amount of increase

              in Principal Amount

              of this Global Note

            

          	 	
            
              Principal Amount of this Global Note following such decrease or increase

            

          	 	
            
              Signature of

              authorized officer of Trustee or Custodian

            

          
	 	 	 	 	 	 	 	 	 

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    	*	
            This schedule should be included only if the Note is issued in Global Form

          

     

    

     

    

     

    

  

  A-13Exhibit 4.1

 

Maris Tech Ltd.

Form of Warrant 

________ Ordinary Shares

 

THIS WARRANT is issued on ________,
2021 (the “Warrant Issue Date”) to ________ (“Holder”) by Maris Tech Ltd., a private company
registered under the laws of Israel (“Company”), pursuant to the terms of that certain share purchase agreement, dated
March 24, 2021, by and between the Company, the Holder and third parties (“SPA”).

 

THIS CERTIFIES THAT, the Holder is entitled, upon
the terms and subject to the conditions hereinafter set forth, at any time during the exercise period defined in clause 2 below (“Exercise
Period”), to purchase from the Company, up to ________ ( ________ ) Ordinary Shares, par no nominal value, of the Company
(“Shares”, and such right to subscribe for and purchase the Shares – “Warrant”). The Warrant
shall be exercisable at an exercise price per Share as detailed in clause ‎1
below (“Exercise Price”). Transfer, assignment or hypothecation of this Warrant by the Holder may only be in accordance
with and subject to the terms, conditions and other provisions of this Warrant and any applicable law. The term “Holder”,
as used herein, shall include the original Holder and only such persons to whom this Warrant is transferred in strict conformity with
the terms and conditions set forth or incorporated by reference herein. Capitalized terms used but not otherwise defined herein shall
have the meaning ascribed thereto in the SPA.

 

		1.	Exercise Price: The Exercise Price shall be as follows: (i) if an IPO is consummated by the Company
during a period of 15 months following the date of this Warrant –the Exercise Price shall be US$ 1.5312, or (ii) if no IPO is consummated
by the Company during a period of 15 months following the date of this Warrant –the Exercise Price shall be US $1.9972.

 

		2.	Exercise Period: The Exercise Period shall be as follows: (i) if an IPO is consummated by the Company
during a period of 15 months following the date of this Warrant – this Warrant shall expire at the close of business on 24 March,
2026, or (ii) if no IPO is consummated by the Company during a period of 15 months following the date of this Warrant – this Warrant
shall expire at the close of business on 24 September, 2023.

 

		3.	This Warrant may be exercised at any time during the Exercise Period, in whole or in part, on one or more
occasions, by surrender of this Warrant to the Company along with a fully executed notice of the Holder’s election to purchase (in
the form attached in Exhibit A hereto (“Warrant Exercise Notice”)) and a transfer to the order of
the Company of an amount equal to the Exercise Price multiplied by the number of Shares covered by such exercise (“Shares Purchase
Price”).

 

		4.	Exercise of this Warrant shall be deemed to have been effected as of the close of the business day on
which the Company has received the last of: (i) this Warrant, (ii) a duly executed Warrant Exercise Notice; and (iii) the Shares Purchase
Price, and following same the Holder shall be deemed the record owner of the Shares being purchased and the Company shall register the
Holder as the holder of the shares issued under the Warrant Exercise Notice (and to the extent applicable, shall issue and deliver to
the Holder an updated shareholders register of the Company, evidencing the issuance of such Shares). If this Warrant is exercised in part
only, the Company shall, upon surrender of this Warrant for cancellation, execute and deliver to Holder a new warrant evidencing the right
of the Holder to purchase the remaining number of Shares still subject to purchase hereunder after giving effect to such partial exercise.

 

     

     

    

 

		5.	No fractional Shares shall be issued upon the exercise of the Warrant. With respect to any fraction of
a Share called for upon the exercise of this Warrant, an amount equal to such fraction multiplied by the then current price at which each
Share may be purchased hereunder shall be paid in cash to the Holder.

 

		6.	This Warrant does not entitle the Holder to any voting rights or other rights as a shareholder of the
Company prior to the exercise hereof.

 

		7.	Upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction
or mutilation of this Warrant, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it, and
upon reimbursement to the Company of all reasonable expenses incidental thereto, and upon surrender and cancellation of this Warrant,
if mutilated, the Company will make and deliver a new Warrant of like tenor and dated as of such cancellation, in lieu of this Warrant.

 

		8.	The number and class of securities purchasable initially upon the exercise of this Warrant and the Exercise
Price shall be subject to adjustment from time to time upon the occurrence of certain events, as follows:

 

		8.1	If the Company, at any time while this Warrant, or any portion hereof, remains outstanding and unexpired
by reclassification of securities or otherwise, shall change any of the securities as to which purchase rights under this Warrant exist
into the same or a different number or securities or any other class or classes, this Warrant shall thereafter represent the right to
acquire such number and kind of securities and property as would have been issuable or receivable as the result of such change with respect
to the securities that were subject to the purchase rights under this Warrant immediately prior to such reclassification or other change
and the Exercise Price therefore shall be appropriately adjusted, all subject to further adjustment as provided in this Section. For the
avoidance of any doubt, if in course of the IPO the Company’s reclassifies its share capital to include ordinary shares only and all Series
A Preferred Shares of the Company are reclassified into ordinary shares at 1:1 ratio, than this Warrant shall represent the right of Holder
to purchase up to ________ ordinary shares of the Company, at the Exercise Price per share.

 

		8.2	If the Company at any time while this Warrant, or any portion hereof, remains outstanding and unexpired
shall split, subdivide or combine the securities as to which purchase rights under this Warrant exist, into a different number of securities
of the same class, the Exercise Price for such securities shall be proportionately decreased in the case of a split or subdivision (and
the number of Ordinary Shares issuable upon exercise of this Warrant immediately before such split or subdivision shall be proportionately
increased) or proportionately increased in the case of combination (and the number of Ordinary Shares issuable upon exercise of this Warrant
immediately before such combination shall be proportionately decreased), in both cases by the ratio which the total number of such securities
to be outstanding immediately after such event bears to the total number of such securities outstanding immediately prior to such event.

 

    2

     

    

 

		8.3	Adjustment for Certain Dividends and Distributions. In the event the Company, at any time or from time
to time, makes or fixes a record date for the determination of holders of ordinary shares entitled to receive a dividend or other distribution,
payable only in additional shares of the Company, then and in each such event the number of Shares issuable upon exercise of this Warrant
shall be increased as of the time of such issuance or, in the event such a record date is fixed, as of the close of business on such record
date, by multiplying the number of Shares issuable upon exercise of this Warrant by a fraction: (i) the numerator of which shall be the
total number of ordinary shares of the Company issued and outstanding immediately prior to the time of such issuance or the close of business
on such record date plus the number of shares issuable in payment of such dividend or distribution, and (ii) the denominator of which
is the total number of ordinary shares of the Company issued and outstanding immediately prior to the time of such issuance or the close
of business on such record date; provided, however, that if such record date is fixed and such dividend is not fully paid or if such distribution
is not fully made on the date fixed thereof, the number Shares issuable upon exercise of this Warrant shall be recomputed accordingly
as of the close of business on such record date and thereafter the number of Shares issuable upon exercise of this Warrant shall be adjusted
pursuant to this Section ‎8.3 as of the time of actual payment of
such dividends or distributions.

 

		8.4	Adjustments for Other Dividends and Distributions. In the event the Company, at any time or from time
to time, makes or fixes a record date for the determination of holders of ordinary shares entitled to receive a dividend or other distribution
payable in securities of the Company other than shares, then in each such event provision shall be made so that the Holder shall receive
upon exercise of this Warrant, in addition to the number of Shares receivable thereupon, the amount of securities of the Company that
the Holder would have received had this Warrant been exercised for Shares immediately prior to such event (or the record date for such
event) and had the Holder thereafter, during the period from the date of such event to and including the date of exercise, retained such
securities receivable by it as aforesaid during such period, subject to all other adjustments called for during such period under this
Section.

 

		9.	The Company represents and warrants to Holder as follows: (i) This Warrant has been duly authorized and
executed by the Company and is a valid and binding obligation of the Company enforceable in accordance with its terms; (ii) the Shares
are duly authorized and reserved for issuance by the Company and, when issued in accordance with the terms hereof, will be validly issued,
fully paid and non-assessable and not subject to any preemptive rights or other rights of third parties; (iii) in course of the IPO, the
Company will register for trade with the relevant stock exchange the Shares issuable upon exercise of this Warrant to permit the disposition
of the Shares.

 

		10.	This Warrant and any provisions hereof may be changed, waived, discharged or terminated only by an instrument
in writing signed by the party against which enforcement of the same is sought and in compliance with the provisions of any applicable
law. This Warrant shall be binding upon any successors or assigns of the Company.

 

		11.	Prior to the IPO, this Warrant may be assigned or transferred by the Holder only with the prior written
approval of the Company. Following the IPO, no Company’s approval will be required for assignment or transfer of this Warrant.

 

		12.	This Warrant will be governed by and construed exclusively according to the laws of the State of Israel,
without regard to the conflict of laws provisions thereof. Any dispute arising under or in relation to this Agreement shall be resolved
exclusively in the competent court in the District of Tel Aviv and each of the parties hereby irrevocably submits to the exclusive jurisdiction
of such court.

 

		13.	All notices and other communications given or made pursuant to this Warrant shall be in writing and shall
be given and deemed delivered as provided in Section 10.8 to the SPA

 

    3

     

    

 

IN WITNESS WHEREOF, the Company has caused this
Warrant to be executed by its officers thereunto duly authorized.

 

	Dated: ____________________	 
	 	 
	 	MARIS TECH LTD
	 	 
	 	
	 	 
	 	(Signature)
	 	 
	 	
	 	 
	 	(Print Name)
	 	 
	 	
	 	 
	 	(Title)
	 	 
	 	ACCEPTED AND AGREED:
	 	 
	 	
	 	 
	 	(Signature)

 

    4

     

    

 

EXHIBIT A

 

ELECTION TO PURCHASE

 

The undersigned Holder hereby irrevocably
elects to exercise [FILL IN NUMBER OF SHARES] ____________ Ordinary Shares of Maris Tech Ltd. pursuant to the terms of the attached Warrant.
The undersigned requests that certificates for such shares be issued in his name and delivered to him at the following address:

 

____________________

 

____________________

 

____________________

 

or if applicable: The undersigned requests that
the Shares be issued in his name and deposited with the following bank account:

 

____________________

 

____________________

 

____________________

 

	 	Date: _________________________
	Holder:	 
	 	
	 	Signature

 

    5

     

    

 

SCHEDULE TO EXHIBIT 4.1

 

	Warrant holder	 	Date of Issuance	 	 	Ordinary

 Shares Issuable

 upon Exercise1  	 
	Private Placement Investors as set forth below:	 	March 24, 2021	 	 	Total of 489,812	 
	Medigus Ltd	 	 	 	 	 	 	78,370	 
	Isagen LL	 	 	 	 	 	 	73,472	 
	David Masasa	 	 	 	 	 	 	65,308	 
	Rachel Menashe	 	 	 	 	 	 	65,308	 
	Yaad Consulting & Management Services (1995) Ltd.	 	 	 	 	 	 	32,654	 
	L.I.A Pure Capital Ltd. (*Placement Agent) 	 	 	 	 	 	 	24,491	 
	Bea Health solutions Inc.	 	 	 	 	 	 	24,491	 
	Avdinclo Ltd	 	 	 	 	 	 	16,327	 
	Tamarid Ltd.	 	 	 	 	 	 	16,327	 
	Isaac Giat	 	 	 	 	 	 	16,327	 
	Capitalink Ltd.	 	 	 	 	 	 	16,327	 
	Amir Uziel Economic Consulant Ltd.	 	 	 	 	 	 	16,327	 
	Rachel Samari	 	 	 	 	 	 	16,327	 
	Michael Magen	 	 	 	 	 	 	16,327	 
	Tzvika & Orna Eldar	 	 	 	 	 	 	11,429	 
	L.I.A Pure Capital Ltd. (*Placement Agent)	 	 	March 24, 2021	 	 	 	24,491	 
	Advisors as set forth below:	 	 	April 21, 2021	 	 	 	Total of 180,409	 
	A. Klainer Finances Ltd.	 	 	 	 	 	 	90,204.5	 
	Alla Felder Ltd.	 	 	 	 	 	 	90,204.5	 

 

 

		1	Numbers have been revised to give effect to the one-for-four
reverse split by Maris-Tech Ltd. implemented on August 25, 2021.

 

 

6

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