Document:

EX-4.4

 Exhibit 4.4 
  

BYLAWS 
 OF 

COLONY BANKCORP, INC. 

 TABLE OF CONTENTS 
  

			
	 ARTICLE ONE – OFFICES

		
	 Section 1.1
	 	 Registered Office

	 Section 1.2
	 	 Other Offices

	
	 ARTICLE TWO – SHAREHOLDERS’ MEETINGS

		
	 Section 2.1
	 	 Place of Meetings

	 Section 2.2
	 	 Annual Meetings

	 Section 2.3
	 	 Substitute Annual Meetings

	 Section 2.4
	 	 Special Meetings

	 Section 2.5
	 	 Notice of Meetings

	 Section 2.6
	 	 Quorum

	 Section 2.7
	 	 Voting of Shares

	 Section 2.8
	 	 Proxies

	 Section 2.9
	 	 Presiding Officer

	 Section 2.10
	 	 Adjournments

	
	 ARTICLE THREE – THE BOARD OF DIRECTORS

		
	 Section 3.1
	 	 General Powers

	 Section 3.2
	 	 Requirements

	 Section 3.3
	 	 Number, Election and Term of Office

	 Section 3.4
	 	 Removal

	 Section 3.5
	 	 Compensation

	 Section 3.6
	 	 Committees of the Board of Directors

	 Section 3.7
	 	 Honorary and Advisory Director

	
	 ARTICLE FOUR – MEETINGS OF THE BOARD OF DIRECTORS

		
	 Section 4.1
	 	 Regular Meetings

	 Section 4.2
	 	 Special Meetings

	 Section 4.3
	 	 Place of Meetings

	 Section 4.4
	 	 Notice of Meetings

	 Section 4.5
	 	 Quorum

	 Section 4.6
	 	 Vote Required for Action

	 Section 4.7
	 	 Action by Directors Without a Meeting

	 Section 4.8
	 	 Secretary to Board

			
	
	ARTICLE FIVE – NOTICE AND WAIVER
		
	 Section 5.1
	 	 Procedure

	 Section 5.2
	 	 Waiver

	
	ARTICLE SIX – OFFICERS
		
	 Section 6.1
	 	 Number

	 Section 6.2
	 	 Election and Term

	 Section 6.3
	 	 Compensation

	 Section 6.4
	 	 Removal

	 Section 6.5
	 	 Chairman of the Board

	 Section 6.6
	 	 President

	 Section 6.7
	 	 Officer in Place of President

	 Section 6.8
	 	 Secretary

	
	ARTICLE SEVEN – DIVIDENDS
		
	 Section 7.1
	 	 Time and Conditions of Declaration

	 Section 7.2
	 	 Share Dividends – Treasury Shares

	 Section 7.3
	 	 Share Dividends – Unissued Shares

	 Section 7.4
	 	 Share Splits

	
	ARTICLE EIGHT – SHARES
		
	 Section 8.1
	 	 Authorization and Issuance of Shares

	 Section 8.2
	 	 Share Certificates

	 Section 8.3
	 	 Rights of Bank with Respect to Registered Owners

	 Section 8.4
	 	 Transfer of Shares

	 Section 8.5
	 	 Duty of Bank to Register Transfer

	 Section 8.6
	 	 Lost, Stolen, or Destroyed Certificates

	 Section 8.7
	 	 Fixing of Record Date

	 Section 8.8
	 	 Record Date if None Fixed

	
	 ARTICLE NINE – INDEMNIFICATION

		
	 Section 9.1
	 	 Indemnification

	 Section 9.2
	 	 Payment of Expenses in Advance

	 Section 9.3
	 	 Insurance

	 Section 9.4
	 	 Rights Not Exclusive

			
	
	ARTICLE TEN – MISCELLANEOUS
		
	 Section 10.1
	 	 Inspection of Books and Records

	 Section 10.2
	 	 Fiscal Year

	 Section 10.3
	 	 Seal

	
	 ARTICLE ELEVEN – AMENDMENTS

		
	 Section 11.1
	 	 Power to Amend Bylaws

	 Section 11.2
	 	 Conditions

 ARTICLE ONE 

OFFICES 
 1.1 Registered Office. The
corporation shall maintain its registered office in Ben Hill County, Georgia. 
 1.2 Other Offices. In addition to its registered office, the
corporation also may have offices at such other place or places as the Board of Directors may from time to time select, or as the business of the corporation may require or make desirable, subject to the bank holding company laws of this State. 

ARTICLE TWO 
 SHAREHOLDERS’
MEETINGS 
 2.1 Place of Meetings. Meetings of the shareholders of the corporation may be held at any place within (or without) the State of Georgia,
as set forth in the notice thereof. 
 2.2 Annual Meetings. The annual meeting of shareholders of the corporation shall be held on the 2nd Tuesday in
March unless that day is a legal holiday, and in that event on the next succeeding business day, for the purpose of electing directors and transacting any and all business that may properly come before the meeting. 

2.3 Substitute Annual Meetings. If the annual meeting is not held on the day designated in Section 2. 2, any business, including the election of
directors, which might properly have been acted upon at that meeting, may be transacted at any subsequent shareholders’ meeting held pursuant to these bylaws or held pursuant to a court order requiring a substitute annual meeting. 

2.4 Special Meetings. Special meetings of shareholders or a special meeting in lieu of the annual meeting of shareholders shall be called by the
corporation upon the written request of the holders of twenty-five percent (25%) or more of all the shares of capital stock of the corporation entitled to vote in an election of directors. Special meetings of the shareholders may be called at any
time by the President, Chairman of the Board, or the Board of Directors. 
 2.5 Notice of Meetings. Unless waived as contemplated in
Section 5.2, or by attendance at the meeting, either in person or by proxy, for any purpose other than to object to the transaction of business, a written or printed notice of 

 
each shareholders’ meeting stating the place, day and hour of the meeting shall be delivered not less than twenty (20) days, nor more than fifty (50) days before the date thereof,
either personally, by mail, or by telegram, charges prepaid by or at the direction of the President, the Secretary, or the officer or persons calling the meeting, to each shareholder of record entitled to vote at such meeting. In the case of an
annual or substitute annual meeting, the notice of the meeting need not state the purpose or purposes of the meeting unless the purpose or purposes constitute a matter which the Georgia Business Corporation Code requires to be stated in the notice
of the meeting. In the case of a special meeting, the notice of the meeting shall state the general nature of the business to be transacted. 
 2.6
Quorum. At all meetings of the shareholders, the presence in person or by proxy of the holders of more than one-half of the shares outstanding and entitled to vote shall constitute a quorum. If a quorum
is present, a majority of the shares represented at the meeting and entitled to vote on the subject matter shall determine any matter coming before the meeting unless a different vote is required by the Georgia Business Corporation Code, by the
Articles of Incorporation of the corporation or by these bylaws. The shareholders at a meeting at which a quorum is once present may continue to transact business at the meeting or by any adjournment thereof, notwithstanding the withdrawal of enough
shareholders to leave less than a quorum. If a meeting cannot be organized for lack of a quorum, those shareholders present may adjourn the meeting to such time and place as they may determine. In the case of a meeting for the election of directors
which is twice adjourned for lack of a quorum, those present at the second of such adjourned meetings, of which notice has been given in writing to shareholders, shall constitute a quorum for the election of directors. 

2.7 Voting of Shares. Each outstanding share having voting rights shall be entitled to one vote on each matter submitted to a vote at a meeting of
shareholders. Voting on all matters shall be by voice vote or by show of hands unless any qualified voter, prior to the voting on any matter, demands vote by ballot, in which case each ballot shall state the name of the shareholder voting and the
number of shares voted by him, and if such ballot be cast by proxy, it shall also state the name of such proxy. 
 2.8 Proxies. A shareholder
entitled to vote pursuant to Section 2.7 may vote in person or by proxy executed in writing by the shareholder or by his attorney in fact. A proxy shall not be valid after eleven (11) months from the date of its execution, unless a longer
period is expressly stated therein. If the validity of any proxy is questioned, 

 
it must be submitted to the secretary of the shareholders’ meeting for examination or to a proxy officer or committee appointed by the person presiding at the meeting. The secretary of the
meeting or, if appointed, the proxy officer or committee, shall determine the validity or invalidity of any proxy submitted and referenced by the secretary in the minutes of the meeting to the regularity of a proxy shall be received as prima facie
evidence of the facts stated for the purpose of establishing the presence of a quorum at such meeting and for all other purposes. 
 2.9 Presiding
Officer. The Chairman of the Board of Directors or, in the absence of a Chairman of the Board of Directors, the President, shall serve as chairman of every shareholders’ meeting unless some other person is elected to serve as chairman by a
majority vote of the shares represented at the meeting. The Chairman may appoint such persons as he deems required to assist with the meeting. 
 2.10
Adjournments. Any meeting of the shareholders, whether or not a quorum is present, may be adjourned by the holders of a majority of the voting shares represented at the meeting to reconvene at a specific time and place. Except as otherwise
provided by Section 2.6, it shall not be necessary to give any notice of the reconvened meeting or of the business to be transacted, if the time and place of the reconvened meeting are announced at the meeting which was adjourned. At any such
reconvened meeting, any business may be transacted which could have been transacted at the meeting which was adjourned. 
 ARTICLE THREE 

THE BOARD OF DIRECTORS 
 3.1 General
Powers. The business and affairs of the corporation shall be managed by the Board of Directors. In addition to the powers and authority expressly conferred upon it by these bylaws, the Board of Directors may exercise all such powers of the
corporation and do all such lawful acts and things as are not by these bylaws directed or required to be exercised or done by the shareholders. 
 3.2
Requirements. Each director of the corporation shall be a natural person of the age of 18 years or more. 
 3.3 Number Election and Term of
Office. The Board of Directors of the corporation shall consists of not less than three (3), nor more than twenty-five (25) persons, with the exact number within 

 
such minimum and maximum lists to be fixed and determined from time to time by resolution of the Board of Directors, or by resolution of the shareholders at any annual or special meeting of
shareholders. The directors shall be elected by the affirmative vote of a majority of the shares represented at the annual meeting of shareholders. Each director, except in the case of his earlier death, resignation, retirement, disqualification, or
removal, shall serve until the next succeeding annual meeting and thereafter until his successor shall have been elected and qualified. 
 3.4
Removal. The entire Board of Directors or any individual director may be removed from office with or without cause by the affirmative vote of the holders of a majority of the shares entitled to vote at an election of directors. In addition,
the Board of Directors may remove a director from office if such director is adjudicated an incompetent by a court, if he is convicted of a felony, or if he fails to attend regular meetings of the Board of Directors for three (3) consecutive
meetings without having been excused by the Board of Directors. 
 3.5 Compensation. Directors may receive such compensation for their services as
directors as may from time to time be fixed by vote of the Board of Directors. A director may also serve the corporation in a capacity other than that of director and receive compensation, as determined by the Board of Directors, for services
rendered in such other capacity. 
 3.6 Committees of the Board of Directors. The Board of Directors, by resolution adopted by a majority of the full
Board of Directors, may designate from among its members an executive committee and one or more other committees, each consisting of three or more directors. Each committee shall have the authority of the Board of Directors in regard to the business
of the corporation to the extent set forth in the resolution establishing such committee. 
 3.7 Honorary and Advisory Directors. The Board of
Directors of the corporation also may appoint any individual an Honorary Director, Director Emeritus, or member of any advisory board established by the Board of Directors. Any individual appointed an Honorary Director, Director Emeritus, or member
of an advisory board may be compensated as provided in Section 3.5, but such individual may not vote at any meeting of the Board of Directors or be counted in determining a quorum as provided in Section 4.5 and shall not have any
responsibility or be subject to any liability imposed upon a director, or otherwise be deemed a director. 

 ARTICLE FOUR 

MEETINGS OF THE BOARD OF DIRECTORS 
 4.1
Regular Meetings. An annual organizational meeting of the Board of Directors shall be held on the day of and after the annual meeting of the shareholders of the corporation. In the event the annual shareholders’ meeting is not held as
provided by Sections 2.3 or 2.4, such organizational meeting shall be held as herein provided for regular meetings. In addition, regular meetings of the Board of Directors shall be held on any
                     fixed by the Board of every month during the calendar year, except during the month in which the organizational meeting of the
Board of Directors is held; provided, however, that the Board of Directors and the President are authorized to cancel any such regular meetings, excluding the organizational meeting. 

4.2 Special Meetings. Special meetings of the Board of Directors may be called by or at the request of the President, Chairman of the Board, or by any
two directors in office at that time. 
 4.3 Place of Meetings. Directors may hold their meetings at any place within (or without) the State of
Georgia as the Board of Directors may from time to time establish for regular meetings, or as set forth in the notice of special meetings, or in the event of a meeting held pursuant to waiver of notice, as set forth in the waiver. 

4.4 Notice of Meetings. No notice shall be required for any regularly scheduled meeting of the directors of the corporation. Unless waived as
contemplated in Section 5 .2, the President or Secretary of the corporation, or any director thereof shall give notice to each director of each special meeting stating the time, place and purposes of the meeting. Such notice shall be given by
mailing notice of the meeting at least five (5) days before the date of the meeting, or by telephone, telegram, or personal delivery at least three (3) days before the date of the meeting. Notice shall be deemed to have been given by
telegram or cablegram at the time notice is filed with the transmitting agency. Attendance by a director at a meeting shall constitute a waiver of notice of such meeting, except where a director attends a meeting for the express purpose of objecting
to the transaction of business because the meeting is not lawfully called. 

 4.5 QUORUM. At meetings of the Board of Directors, more than
one-half of the directors then in office shall be necessary to constitute a quorum for the transaction of business. 

4.6 Vote Required for Action. Except as otherwise provided in these bylaws, by the corporation’s Articles of Incorporation, or by law, the act of
a majority of the directors present at a meeting at which a quorum is present at the time shall be the act of the Board of Directors. 
 4.7 Action by
Directors Without a Meeting. Any action which may be taken at any meeting of the Board of Directors, or at any meeting of a committee of directors may be taken without a meeting if a written consent thereto shall be signed by all directors, or
all the members of the committee, as the case may be, and if such written consent is filed with the minutes of the proceedings of the Board or the committee. Such consent shall have the same force and effect as a unanimous vote of the Board of
Directors or the committee. 
 4.8 Secretary to Board. The Board of Directors shall appoint a secretary, who need not be a member of the Board, whose
duty it shall be to keep an accurate record of all meetings of said Board. 
 ARTICLE FIVE 

NOTICE AND WAIVER 
 5.1 Procedure.
Whenever these bylaws require notice to be given to any shareholder or director, the notice shall be given as prescribed in Sections 2.5 or 4.4, whichever is applicable. Whenever notice is given to a shareholder or director by mail, the notice shall
be sent first class mail by depositing the same in a post office or letter box in a postage prepaid, sealed envelope, addressed to the shareholder or director at his last known address, and such notice shall be deemed to have been given at the time
the same is deposited in the United States mail. 
 5.2 Waiver. Whenever any notice is required to be given to any shareholder or director by law, by
the Articles of Incorporation, or these bylaws, a waiver thereof in writing, signed by the director or shareholder entitled to such notice, or by the proxy of such shareholder, whether before or after the meeting to which the waiver pertains, shall
be deemed equivalent thereto; provided, however, that no such waiver shall apply by its terms to more than one required notice. 

 ARTICLE SIX 

OFFICERS 
 6.1 Number. The officers of the
corporation shall consist of a President, Secretary and a Treasurer. In addition, the Board of Directors may from time to time elect or provide for the appointment of such other officers or assistant officers as it deems necessary for the efficient
management of the corporation, or as shall otherwise be required by law or regulation. Any two or more offices may be held by the same person, except the offices of President and Secretary. The Board of Directors shall have the power to establish
and specify the duties for all officers of the corporation. 
 6.2 Election and Term. All officers shall be elected by the Board of Directors and
shall serve at the will of the Board of Directors and until their successors have been elected and have qualified, or until their earlier death, resignation, removal, retirement or disqualification. 

6.3 Compensation. The compensation of all officers of the corporation shall be fixed by the Board of Directors, or by the Executive Committee of the
Board of Directors, if such committee is designated as provided in Section 3.6. Compensation of all employees who are not officers shall be set by the President subject to review by the Board, at its election. 

6.4 Removal. Any officer or agent elected by the Board of Directors may be removed by the Board of Directors with or without any cause whenever in its
judgment the best interests of the corporation will be served thereby without prejudice to any contract right to such officer. 
 6.5 Chairman of the
Board. The Board of Directors, in its discretion, may elect a Chairman of the Board of Directors who shall preside and act as chairman at all meetings of the shareholders and the Board of Directors and who shall perform such other duties as the
Board of Directors may from time to time direct. 
 6.6 President. The President shall be the chief executive officer of the corporation and shall
have general control and supervision over the business and affairs of the corporation. He shall see that all orders and resolutions of the Board of Directors are carried into effect. In the absence of a Chairman of the Board of Directors, the
President shall preside and act as chairman of all meetings of the shareholders and the Board of Directors. He also shall perform such other duties as may be delegated to him from time to time by the Board of Directors. 

 6.7 Officer in Place of President. The Board of Directors may designate an officer who shall, in the
absence or disability of the President, or at the direction of the President, perform the duties and exercise the powers of the President. 
 6.8
Secretary. The Secretary shall keep accurate records of the acts and proceedings of all meetings of shareholders, directors and committees of directors. He shall have authority to give all notices required by law or these bylaws. He shall be
custodian of the corporate books, records, contracts and other documents. The Secretary may affix the corporation’s seal to any lawfully executed documents requiring it and shall sign such instruments as may require his signature. 

ARTICLE SEVEN 
 DIVIDENDS 

7.1 Time and Conditions of Declaration. Dividends upon the outstanding shares of the corporation may be declared by the Board of Directors at any
regular or special meeting and paid in cash or property only out of the unreserved and unrestricted earned surplus of the corporation or out of the unreserved and unrestricted net earnings of the current fiscal year, computed to the date of
declaration of the dividend, or the next preceding fiscal year. 
 7.2 Share Dividends – Treasury Shares. Dividends may be declared by the Board
of Directors and paid in the shares of the corporation out of any treasury shares that have been reacquired out of the capital funds of the corporation. 

7.3 Share Dividends – Unissued Shares. Dividends may be declared by the Board of Directors and paid in the authorized but unissued shares of the
corporation out of any retained earnings of the corporation; provided that such shares shall be issued at not less than the par value thereof, there shall be transferred to capital stock at the time such dividend is paid an amount of retained
earnings at least equal to the aggregate par value of the shares to be issued as a dividend. 
 7.4 Share Splits. A split or division of the issued
shares of any class into a greater number of shares of the same class without increasing the capital stock of the corporation shall not be construed to be a share dividend within the meaning of this Article. 

 ARTICLE EIGHT 

SHARES 
 8.1 Authorization and Issuance of
Shares. The par value and the maximum number of shares of any class of the corporation which may be issued and outstanding shall be set forth from time to time in the Articles of Incorporation of the corporation. The Board of Directors may
increase or decrease the number of issued and outstanding shares of the corporation within the maximum number of shares authorized by the Articles of Incorporation and the minimum capitalization requirements of the Articles of Incorporation or
Georgia law. 
 8.2 Share Certificates. The interest of each shareholder in the corporation shall be evidenced by a certificate or certificates
representing shares of the corporation which shall be in such form as the Board of Directors may from time to time adopt in accordance with Georgia law. Share certificates shall be consecutively numbered, shall be in registered form, and shall
indicate the date of issue and all such information shall be entered on the corporation’s books. Each certificate shall be signed by the President or a Vice President and the Secretary or an Assistant Secretary and shall be sealed with the seal
of the corporation or a facsimile thereof; provided, however, that where such certificate is signed by a transfer agent, or registered by a registrar other than the corporation itself, or any employee of the corporation, the signatures of such
officers may be facsimiles. In case any officer or officers who shall have signed or whose facsimile signature shall have been placed upon a share certificate shall have ceased for any reason to be such officer or officers of the corporation before
such certificate is issued, such certificate may be issued by the corporation whose facsimile signatures shall have been used thereon had not ceased to be such officer or officers. 

8.3 Rights of Corporation with Respect to Registered Owners. Prior to due presentation for transfer of registration of its shares, the corporation may
treat the registered owner of the shares as the person exclusively entitled to vote such shares, to receive any dividend or other distribution with respect to such shares, and for all other purposes; and the corporation shall not be bound to
recognize any equitable or other claim to or interest in such shares on the part of any other person, whether or not it shall have express or other notice thereof, except as otherwise provided by law. 

 8.4 Transfer of Shares. Transfer of shares shall be made upon the stock transfer books of the
corporation only upon direction of the person named in the share certificate representing the shares to be transferred, or by an attorney of such person lawfully constituted in writing; and before a new certificate is issued, the old certificate
shall be surrendered for cancellation or, in the case of a certificate alleged to have been lost, stolen, or destroyed, the provisions of Section 8.6 of these bylaws shall have been satisfied. 

8.5 Duty of Corporation to Register Transfer. Notwithstanding any of the provisions of Section 8.4 of these bylaws, the corporation is under a duty to
register the transfers of its shares only if: 
  

	 	(a)	 the share certificate is endorsed by the appropriate person or persons; and 

 

	 	(b)	 reasonable assurance is given that these endorsements are genuine and effective; and 

 

	 	(c)	 the corporation has no duty to inquire into adverse claims or has discharged any such duty; and

  

	 	(d)	 any applicable law relating to the collection of taxes has been complied with; and 

 

	 	(e)	 the transfer is in fact rightful or is a bona fide purchaser. 

8.6 Lost, Stolen, or Destroyed Certificates. Any person claiming a share certificate to be lost, stolen, or destroyed shall make an affidavit or
affirmation of the fact in such manner as the Board of Directors may require and shall, if the Board of Directors so requires, give the corporation a bond of indemnity in form and amount, and with one or more sureties satisfactory to the Board of
Directors, as the Board of Directors may require, whereupon an appropriate new certificate may be issued in lieu of the one alleged to have been lost, stolen, or destroyed. 

8.7 Fixing of Record Date. For the purpose of determining shareholders entitled to notice of or to vote at any meeting of shareholders or any
adjournment thereof, or entitled to receive payment of any dividend, or in order to make a determination of shareholders for any other proper purpose, the Board of Directors may fix in advance a date as the record date, such date to be not more than
50 days (and, in the case of a shareholders’ meeting, not less than 20 days) prior to the date on which the particular action, requiring such determination of shareholders, is to be taken. 

 8.8 Record Date if None Fixed. If no record date is fixed as provided in Section 8.7 of these bylaws,
then the record date for any determination of shareholders which may be proper or required by law shall be the date on which notice is mailed in the case of a shareholders’ meeting, or the date on which the Board of Directors adopts a
resolution declaring a dividend in the case of payment of a dividend. 
 ARTICLE NINE 

INDEMNIFICATION 
 9.1 Indemnification. Any
person, his heirs, executors, or administrators, may be indemnified or reimbursed by the corporation for reasonable expense actually incurred in connection with any action, suit or proceeding, civil or criminal, to which he shall be made a party by
reason of the fact that he is or was a director, trustee, officer, employee, or agent of the corporation, or that he is or was serving, at the request of the corporation, trust or other organization or enterprise; provided; however, that no person
shall be so indemnified or reimbursed in relation to any matter in such action, suit or proceeding as to which he shall finally be adjudged to have been guilty of or liable for gross negligence, willful misconduct or criminal acts in the performance
of his duties to the corporation, or to such other firm, corporation, trust, organization, or enterprise; and provided further, that no person shall be so indemnified or reimbursed in relation to any matter in such action, suit, or proceeding which
has been in the subject of a compromise settlement, except with the approval of (i) a court of competent jurisdiction, (ii) the holders of record of a majority of the outstanding shares of capital stock of the corporation, or (iii) a
majority of the members of the Board of Directors then holding office, excluding the votes of any directors who are parties to the same or substantially the same action, suit or proceeding. 

9.2 Payment of Expenses in Advance. Expenses incurred in defending any action, suit or proceeding referred to above may be paid by the corporation in
advance of the final disposition of such action, suit or proceeding as authorized by the Board of Directors in the specific case upon receipt of an undertaking by or on behalf of the director, trustee, officer, employee or agent to repay such amount
unless it shall ultimately be determined that he is entitled to be indemnified by the corporation as provided above. 

 9.3 Insurance. The corporation, upon the affirmative vote of a majority of its Board of Directors,
may purchase and maintain insurance on behalf of any person who is or was a director, trustee, officer, employee or agent of the corporation or is or was serving, at the request of the corporation, as a director, trustee, officer, employee, or agent
of another firm, corporation, trust, or other organization or enterprise against liability asserted against him and incurred by him in such capacity or arising out of his status as such, whether or not the corporation would have the power to
indemnify him against such liability under the foregoing provisions of these bylaws. 
 9.4 Rights Not Exclusive. The foregoing rights of
indemnification or reimbursement shall not be exclusive of other rights to which the persons referred to above, or their heirs, executors, or administrators, may be entitled as a matter of law, and the corporation may indemnify such persons to the
extent permitted by the Georgia Business Corporation Code, as such laws may be amended from time to time. 
 ARTICLE TEN 

MISCELLANEOUS 
 10.1 Inspection of Books and
Records. The Board of Directors shall have power to determine which accounts, books and records of the corporation shall be open to the inspection of shareholders, except such accounts, books and records that are specifically open to inspection
by law, and the Board of Directors shall have power to fix reasonable rules and regulations not in conflict with the applicable law for the inspection of accounts, books and records which by law or by determination of the Board of Directors shall be
open to inspection. 
 10.2 Fiscal Year. The fiscal year of the corporation shall be set by resolution of the Board of Directors. 

10.3 Seal. The following is the impression of the seal adopted by the Board of Directors. 

 ARTICLE ELEVEN 

AMENDMENTS 
 11.1 Power to Amend Bylaws.
The Board of Directors shall have power to alter, amend or repeal these bylaws or adopt new bylaws. Notice of any change in the bylaws during the year shall be given to the stockholders at the annual meeting and shall be proposed for ratification by
a majority vote of the shareholders represented at the meeting in person or by proxy. If the shareholders fail to ratify the change in the bylaws, such change shall not be effective after the shareholders’ meeting at which it is proposed for
ratification. Any bylaws adopted by the Board of Directors may be altered, amended or repealed, and new bylaws adopted by the shareholders. The shareholders may prescribe that any bylaw or bylaws adopted by them shall not be altered, amended or
repealed by the Board of Directors. 
 11.2 Conditions. Action taken by the shareholders with respect to bylaws shall be taken by an affirmative vote
of a majority of all shares entitled to elect directors, and action by the Board of Directors with respect to bylaws shall be taken by an affirmative vote of a majority of all directors then holding office. 

The foregoing bylaws were adopted by the Board of Directors of the corporation at its organizational meeting held as shown in the minutes to which these
bylaws are annexed, in witness of which the undersigned directors have hereunto subscribed their signatures. 
  

	
	 

  

	 

  

	 

  

	 

  

	 

  

	 

  

	 

  

	 

  

	 

  

	 

  

	 

  

	 

  

	 

  

 AMENDMENT TO BYLAWS 

At the annual meeting of the corporation held on March 13, 1990, Article II, Section 2.2 of the bylaws of Colony Bankcorp, Inc. were
amended upon ratification by unanimous vote of the shareholders present in person and by proxy following the recommendation of the board of directors of the corporation at its regular March, 1990, annual meeting. As amended said bylaws read as
follows: 
 ARTICLE II 
 2.2
– ANNUAL MEETINGS 
 The annual meeting of the shareholders of the corporation shall be held on the fourth Tuesday in April of each
year unless that day is a legal holiday and in that event on the next succeeding business day, for the purpose of electing directors and transacting any and all business that may properly come before the meeting. 

The undersigned does hereby certify that he is the Secretary of the Board of Directors of Colony Bankcorp, Inc., and was appointed secretary
for the annual meeting of the shareholders of Colony Bankcorp, Inc. held on March 13, 1990, and that at said annual meeting a motion was duly made, seconded, and unanimously carried by those present in person and by proxy, a quorum being present, to
amend Section 2.2 of Article II of the bylaws of the corporation to change the meeting date of the annual meeting of the shareholders. 

SO CERTIFIED this 20th day of March, 1990. 
  

	
	 

	Secretary of the Board
	
	 

	Secretary of Colony Bankcorp, Inc

 AMENDMENT TO BYLAWS 

At the annual meeting of the corporation held on April 23, 2002, Article III, Section 3.8 of the bylaws of Colony Bankcorp, Inc. was
added upon ratification by a majority vote of the shareholders present in person and by proxy following the recommendation of the board of directors of the corporation at its regular, April, 2002, annual meeting. As amended, said bylaws read as
follows: 
 ARTICLE III 
 3.8
MANDATORY RETIREMENT OF DIRECTORS 
 Any director who reaches the age of 70 years at any time during the annual term of his or her term of
office shall not be permitted to be appointed or reappointed as a director of the company for any term following the term during which said director has reached the age of 70 years. 

This provision shall in no way prohibit or limit the right of the corporation to appoint a person as honorary director, director emeritus or
member of any advisory board established by the Board of Directors at any time regardless of age; and to be compensated as provided in Section 3.5 herein. 

SO CERTIFIED this 19th day of November, 2002. 
  

	
	 

	 Secretary of the Board

	
	 

	 Secretary of Colony Bankcorp, Inc

 AMENDMENT TO BYLAWS 

At the annual meeting of the corporation held on April 24, 2007, Article VIII, Sections 8.2, 8.4, 8.5 and 8.6 of the bylaws of Colony
Bankcorp, Inc. are hereby amended by deleting said Sections in their entirety and substituting in lieu thereof the following new Sections: 

ARTICLE VIII 
 8.2 Certificates; Direct
Registration System. Shares of the corporation’s stock may be certificated or uncertificated, as provided under Georgia law. Any certificates that are issued shall be signed in the name of the corporation by the Chairman of the Board, the
Vice Chairman of the Board, the President, or a Vice President and by the Chief Financial Officer, an Assistant Treasurer, the Corporate Secretary, or an Assistant Secretary, certifying the number of shares and the class or series of shares owned by
the shareholder. Any or all of the signatures on the certificate may be a facsimile. In case any officer, Transfer Agent, or Registrar who has signed or whose facsimile signature has been placed upon a certificate shall have ceased to be with the
same effect as if such person were an officer, Transfer Agent, or Registrar at the date of issue. Shares of the corporation’s capital stock may also be evidenced by registration in the holder’s name in uncertificated, book-entry form on
the books of the corporation in accordance with a direct registration system approved by the Securities and Exchange Commission and by NASDAQ or any securities exchange on which the stock of the corporation may from time to time be traded. 

8.4 Transfer of Shares. Transfers of shares of stock of the corporation shall be made by the Transfer Agent and Registrar on the books of the
corporation after receipt of a request with proper evidence of succession, assignment, or authority to transfer by the record holder of such stock, or by an attorney lawfully constituted in writing, and in the case of stock represented by a
certificate, upon surrender of the certificate. Subject to the foregoing, the Board of Directors shall have power and authority to make such rules and regulations as it shall deem necessary or appropriate concerning the issue, transfer, and
registration of shares of stock of the corporation, and to appoint and remove Transfer Agents and Registrars of transfers. 
 8.5 Duty of Corporation to
Register Transfer. Notwithstanding any of the provisions of Section 8.4 of these Bylaws, the corporation is under a duty to register the transfers of its shares only if: 

(a) the share certificate is endorsed by the appropriate person or persons or upon the presentation proper evidence of authority to transfer
by the record holder; and 
 (b) reasonable assurance is given that these endorsements or evidence of the authority to transfer are genuine
and effective; and 

 (c) the corporation has no duty to inquire into adverse claims or has discharged any such
duty; and 
 (d) any applicable law relating to the collection of taxes has been complied with; and 

(e) the transfer is in fact rightful or is a bona fide purchaser. 

8.6 Lost, Stolen or Destroyed Certificates. Any person claiming a certificate of stock to be lost, stolen, mislaid, or destroyed shall make an
affidavit or affirmation of that fact and verify the same in such manner as the Board of Directors may require, and shall, if the Board of Directors so requires, give the corporation, its Transfer Agents, Registrars, and/or other agents a bond of
indemnity in form approved by counsel, and in amount and with such sureties as may be satisfactory to the Corporate Secretary of the corporation, before a new certificate (or uncertificated shares in lieu of a new certificate) may be issued of the
same tenor and for the same number of shares as the one alleged to have been lost, stolen, mislaid, or destroyed. 
 SO CERTIFIED this 17th day of July, 2007. 
  

	
	 

	Secretary of the Board
	
	 

	Secretary of Colony Bankcorp, Inc.

 AMENDMENT TO BYLAWS 

At the annual meeting of the corporation held on May 26, 2015, Article II, Section 2.2 of the bylaws of Colony Bankcorp, Inc. were
amended upon ratification by majority vote of the shareholders present in person and by proxy following the recommendation of the board of directors of the corporation at its regular February 17, 2015 board meeting. As amended said bylaws read
as follows: 
 ARTICLE II 
 2.2
– ANNUAL MEETINGS 
 The annual meeting of the shareholders of the corporation shall be held on the fourth Tuesday in May of each year
unless that day is a legal holiday and in that event on the next succeeding business day, for the purpose of electing directors and transacting any and all business that may properly come before the meeting. 

The undersigned does hereby certify that he is the Secretary of the Board of Directors of Colony Bankcorp, Inc., and was appointed secretary
for the annual meeting of the shareholders of Colony Bankcorp, Inc. held on May 26, 2015, and that at said annual meeting a motion was duly made, seconded, and carried by a majority vote of those present in person and by proxy, a quorum being
present, to amend Section 2.2 of Article II of the bylaws of the corporation to change the meeting date of the annual meeting of the shareholders. 

SO CERTIFIED this 26th day of May, 2015. 

 

	
	 

	Secretary of the Board
	
	 

	Secretary of Colony Bankcorp, Inc.EX-4.8

 Exhibit 4.8 
  

COLONY BANKCORP, INC. 

SENIOR DEBT INDENTURE 

DATED AS OF            , 20 

WILMINGTON TRUST, NATIONAL ASSOCIATION, AS TRUSTEE 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page
Number	 
	ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE	  	 	1	 
			
	 Section 1.1
	 	Definitions	  	 	1	 
	 Section 1.2
	 	Other Definitions	  	 	4	 
	 Section 1.3
	 	Incorporation by Reference of Trust Indenture Act	  	 	4	 
	 Section 1.4
	 	Rules Of Construction	  	 	5	 
		
	ARTICLE II THE SECURITIES	  	 	5	 
			
	 Section 2.1
	 	Issuable In Series	  	 	5	 
	 Section 2.2
	 	Establishment Of Terms Of Series Of Securities	  	 	5	 
	 Section 2.3
	 	Execution and Authentication	  	 	7	 
	 Section 2.4
	 	Registrar and Paying Agent	  	 	8	 
	 Section 2.5
	 	Paying Agent to Hold Money in Trust	  	 	8	 
	 Section 2.6
	 	Securityholder Lists	  	 	8	 
	 Section 2.7
	 	Transfer and Exchange	  	 	9	 
	 Section 2.8
	 	Mutilated, Destroyed, Lost and Stolen Securities	  	 	9	 
	 Section 2.9
	 	Outstanding Securities	  	 	9	 
	 Section 2.10
	 	Treasury Securities	  	 	10	 
	 Section 2.11
	 	Temporary Securities	  	 	10	 
	 Section 2.12
	 	Cancellation	  	 	10	 
	 Section 2.13
	 	Defaulted Interest	  	 	11	 
	 Section 2.14
	 	Global Securities	  	 	11	 
	 Section 2.15
	 	CUSIP Numbers	  	 	12	 
		
	ARTICLE III REDEMPTION	  	 	12	 
			
	 Section 3.1
	 	Notice To Trustee	  	 	12	 
	 Section 3.2
	 	Selection of Securities to be Redeemed	  	 	12	 
	 Section 3.3
	 	Notice of Redemption	  	 	13	 
	 Section 3.4
	 	Effect of Notice of Redemption	  	 	13	 
	 Section 3.5
	 	Deposit of Redemption Price	  	 	14	 
	 Section 3.6
	 	Securities Redeemed in Part	  	 	14	 
		
	 ARTICLE IV COVENANTS
	  	 	14	 
			
	 Section 4.1
	 	Payment of Principal and Interest	  	 	14	 
	 Section 4.2
	 	SEC Reports	  	 	14	 
	 Section 4.3
	 	Compliance Certificate	  	 	14	 
	 Section 4.4
	 	Stay, Extension and Usury Laws	  	 	14	 
	 Section 4.5
	 	Corporate Existence	  	 	15	 
	 Section 4.6
	 	Taxes	  	 	15	 
		
	 ARTICLE V SUCCESSORS
	  	 	15	 
			
	 Section 5.1
	 	When Company May Merge, Etc	  	 	15	 
	 Section 5.2
	 	Successor Corporation Substituted	  	 	15	 
		
	 ARTICLE VI DEFAULTS AND REMEDIES
	  	 	16	 
			
	 Section 6.1
	 	Events of Default	  	 	16	 
	 Section 6.2
	 	Acceleration of Maturity; Rescission and Annulment	  	 	17	 
	 Section 6.3
	 	Collection Of Indebtedness And Suits For Enforcement By Trustee	  	 	17	 

  
 i 

							
	 	 	 	  	Page
Number	 
	 Section 6.4
	 	Trustee May File Proofs Of Claim	  	 	18	 
	 Section 6.5
	 	Trustee May Enforce Claims Without Possession Of Securities	  	 	18	 
	 Section 6.6
	 	Application of Money Collected	  	 	19	 
	 Section 6.7
	 	Limitation On Suits	  	 	19	 
	 Section 6.8
	 	Unconditional Right of Holders to Receive Principal and Interest	  	 	19	 
	 Section 6.9
	 	Restoration of Rights and Remedies	  	 	19	 
	 Section 6.10
	 	Rights and Remedies Cumulative	  	 	20	 
	 Section 6.11
	 	Delay or Omission Not Waiver	  	 	20	 
	 Section 6.12
	 	Control by Holders	  	 	20	 
	 Section 6.13
	 	Waiver Of Past Defaults	  	 	20	 
	 Section 6.14
	 	Undertaking For Costs	  	 	20	 
		
	 ARTICLE VII TRUSTEE
	  	 	21	 
			
	 Section 7.1
	 	Duties of Trustee	  	 	21	 
	 Section 7.2
	 	Rights of Trustee	  	 	22	 
	 Section 7.3
	 	Individual Rights of Trustee	  	 	23	 
	 Section 7.4
	 	Trustee’s Disclaimer	  	 	24	 
	 Section 7.5
	 	Notice Of Defaults	  	 	24	 
	 Section 7.6
	 	Reports by Trustee to Holders	  	 	24	 
	 Section 7.7
	 	Compensation and Indemnity	  	 	24	 
	 Section 7.8
	 	Replacement of Trustee	  	 	25	 
	 Section 7.9
	 	Successor Trustee by Merger, Etc	  	 	25	 
	 Section 7.10
	 	Eligibility; Disqualification	  	 	26	 
	 Section 7.11
	 	Referential Collection of Claims Against Company	  	 	26	 
		
	 ARTICLE VIII SATISFACTION AND DISCHARGE; DEFEASANCE
	  	 	26	 
			
	 Section 8.1
	 	Satisfaction and Discharge of Indenture	  	 	26	 
	 Section 8.2
	 	Application of Trust Funds; Indemnification	  	 	27	 
	 Section 8.3
	 	Legal Defeasance of Securities of any Series	  	 	27	 
	 Section 8.4
	 	Covenant Defeasance	  	 	28	 
	 Section 8.5
	 	Repayment to Company	  	 	29	 
		
	 ARTICLE IX AMENDMENTS AND WAIVERS
	  	 	29	 
			
	 Section 9.1
	 	Without Consent of Holders	  	 	29	 
	 Section 9.2
	 	With Consent of Holders	  	 	31	 
	 Section 9.3
	 	Limitations	  	 	31	 
	 Section 9.4
	 	Compliance With Trust Indenture Act	  	 	32	 
	 Section 9.5
	 	Revocation and Effect of Consents	  	 	32	 
	 Section 9.6
	 	Notation on or Exchange of Securities	  	 	32	 
	 Section 9.7
	 	Trustee Protected	  	 	32	 
		
	 ARTICLE X MISCELLANEOUS
	  	 	32	 
			
	 Section 10.1
	 	Trust Indenture Act Controls	  	 	32	 
	 Section 10.2
	 	Notices	  	 	32	 
	 Section 10.3
	 	Communication by Holders with Other Holders	  	 	33	 
	 Section 10.4
	 	Certificate and Opinion as to Conditions Precedent	  	 	33	 
	 Section 10.5
	 	Statements Required in Certificate or Opinion	  	 	33	 
	 Section 10.6
	 	Rules by Trustee and Agents	  	 	34	 
	 Section 10.7
	 	Legal Holidays	  	 	34	 
	 Section 10.8
	 	No Recourse Against Others	  	 	34	 
	 Section 10.9
	 	Counterparts	  	 	34	 

  
 ii 

							
	 	 	 	  	Page
Number	 
	 Section 10.10
	 	Governing Laws	  	 	34	 
	 Section 10.11
	 	No Adverse Interpretation of Other Agreements	  	 	34	 
	 Section 10.12
	 	Successors	  	 	34	 
	 Section 10.13
	 	Severability	  	 	35	 
	 Section 10.14
	 	Table of Contents, Headings, Etc	  	 	35	 
		
	 ARTICLE XI SINKING FUNDS
	  	 	35	 
			
	 Section 11.1
	 	Applicability of Article	  	 	35	 
	 Section 11.2
	 	Satisfaction Of Sinking Fund Payments With Securities	  	 	35	 
	 Section 11.3
	 	Redemption Of Securities For Sinking Fund	  	 	35	 

  
 iii 

 CROSS REFERENCE TABLE 

 

					
	 Trust Indenture

Act Section        
	  	 	  	 Indenture
Section

	 Section 310
	  	(a)(1)	  	7.10
		  	(a)(2)	  	7.10
		  	(a)(3)	  	N/A
		  	(a)(4)	  	N/A
		  	(a)(5)	  	7.10
		  	(b)	  	7.10
	 Section 311
	  	(a)	  	7.11
		  	(b)	  	7.11
		  	(c)	  	N/A
	 Section 312
	  	(a)	  	2.6
		  	(b)	  	10.3
		  	(c)	  	10.3
	 Section 313
	  	(a)	  	7.6
		  	(b)(1)	  	7.6
		  	(b)(2)	  	7.6
		  	(c)(1)	  	7.6
		  	(d)	  	7.6
	 Section 314
	  	(a)	  	4.2, 10.5
		  	(b)	  	N/A
		  	(c)(1)	  	10.4
		  	(c)(2)	  	10.4
		  	(c)(3)	  	N/A
		  	(d)	  	N/A
		  	(e)	  	10.5
		  	(f)	  	N/A
	 Section 315
	  	(a)	  	7.1
		  	(b)	  	7.5
		  	(c)	  	7.1
		  	(d)	  	7.1
		  	(e)	  	6.14
	 Section 316
	  	(a)	  	2.10
		  	(a)(1)(A)	  	6.12
		  	(a)(1)(B)	  	6.13
		  	(b)	  	6.8
	 Section 317
	  	(a)(1)	  	6.3
		  	(a)(2)	  	6.4
		  	(b)	  	2.5
	 Section 318
	  	(a)	  	10.1

  

	*	 This Cross Reference Table shall not, for any purpose, be deemed to be part of this Indenture.

  
 iv 

 This SENIOR DEBT INDENTURE, dated as
of                , 20                is made by and between COLONY BANKCORP,
INC., a Georgia corporation (the “Company”), and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as trustee (the “Trustee”). 

Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Securities issued
under this Indenture: 
 ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.1    Definitions. 

“Additional Amounts” means any additional amounts which are required hereby or by any Security, under circumstances specified
herein or therein, to be paid by the Company in respect of certain taxes imposed on Holders specified herein or therein and which are owing to such Holders. 

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

“Authorized Newspaper” means a newspaper in an official language of the country of publication customarily published at least
once a day for at least five days in each calendar week and of general circulation in the place in connection with which the term is used. If it shall be impractical in the opinion of the Trustee to make any publication of any notice required hereby
in an Authorized Newspaper, any publication or other notice in lieu thereof that is made or given by the Trustee shall constitute a sufficient publication of such notice. 

“Bearer Security” means any Security, including any interest coupon appertaining thereto, that does not provide for the
identification of the Holder thereof. 
 “Board of Directors” means the Board of Directors of the Company or any duly
authorized committee thereof. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company to have been adopted by the Board of Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the date of the certificate and delivered to the Trustee. 

“Business Day” means, unless otherwise provided by Board Resolution, Officers’ Certificate or supplemental indenture
hereto for a particular Series, any day except a Saturday, Sunday, a legal holiday or any other day on which banking institutions in the City of New York, New York, or any Place of Payment are authorized or required by law, regulation or executive
order to close. 
 “Capital Stock” means any and all shares, interests, participations, rights or other equivalents
(however designated) of corporate stock. 

 “Company” means the party named as such above until a successor replaces it
and thereafter means the successor. 
 “Company Order” means a written order signed in the name of the Company by two
Officers, one of whom must be the Company’s principal executive officer, principal financial officer or principal accounting officer. 

“Company Request” means a written request signed in the name of the Company by its Chief Executive Officer, the President or
a Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered to the Trustee. 

“Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust business shall
be principally administered, which office at the date hereof is located at 1100 North Market Street, Wilmington, DE 19890, Attention: Colony Bankcorp, Inc. Administrator, or such other address as the Trustee may designate from time to time by notice
to the Holders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Holders and the Company). 

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

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

“Discount Security” means any Security that provides for an amount less than the stated principal amount thereof to be due
and payable upon declaration of acceleration of the Stated Maturity thereof pursuant to Section 6.2. 
 “Dollars” and
“$” means the currency of the United States of America. “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“GAAP” means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of
the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a
significant segment of the accounting profession, which are in effect as of the date of determination. 
 “Global Security”
or “Global Securities” means a Security or Securities, as the case may be, in the form established pursuant to Section 2.2 evidencing all or part of a Series of Securities, issued to the Depository for such Series or its
nominee, and registered in the name of such Depository or nominee. 
 “Holder” or “Securityholder” means a
person in whose name a Security is registered or the holder of a Bearer Security. 
 “Indenture” means this Senior Debt
Indenture as amended or supplemented from time to time and shall include the form and terms of particular Series of Securities established as contemplated hereunder. 

  
 - 2 - 

 “interest” with respect to any Discount Security which by its terms bears
interest only after Maturity, means interest payable after Maturity. 
 “Maturity,” when used with respect to any Security
or installment of principal thereof, means the date on which the principal of such Security or such installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration,
call for redemption, or otherwise. 
 “Officer” means the Chief Executive Officer, the President, any Vice President, the
Treasurer, the Secretary, any Assistant Treasurer or any Assistant Secretary of the Company. 
 “Officers’
Certificate” means a certificate signed by two Officers, one of whom must be the Company’s principal executive officer, principal financial officer or principal accounting officer. 

“Opinion of Counsel” means a written opinion of legal counsel who is reasonably acceptable to the Trustee. The counsel may be
an employee of or counsel to the Company. 
 “person” means any individual, corporation, partnership, joint venture,
association, limited liability company, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 

“Place of Payment”, when used with respect to the Securities of or within any Series, means the place or places where the
principal of (and premium, if any) and interest, if any, on such Securities are payable as specified and as contemplated by Section 2.1. 

“principal” or “principal amount” of a Security means the principal amount of the Security plus, when
appropriate, the premium, if any, on, and any Additional Amounts in respect of, the Security. 
 “Responsible Officer”
means any officer of the Trustee in its Corporate Trust Office and also means, with respect to a particular corporate trust matter, any other officer to whom any corporate trust matter is referred because of his or her knowledge of and familiarity
with a particular subject, in each case, who has direct responsibility for the administration of this Indenture. 
 “SEC”
means the Securities and Exchange Commission. 
 “Securities” means the debentures, notes or other debt instruments of the
Company of any Series authenticated and delivered under this Indenture. 
 “Series” or “Series of
Securities” means each series of debentures, notes or other debt instruments of the Company created pursuant to Sections 2.1 and 2.2. 

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

“Subsidiary” of any specified person means any corporation, association or other business entity of which more than 50% of
the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by such
person or one or more of the other Subsidiaries of that person or a combination thereof. 

  
 - 3 - 

 “TIA” means the Trust Indenture Act of 1939 (15 U.S. Code Sections
77aaa-77bbbb) as in effect on the date of this Indenture; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the extent required by any such amendment, the Trust
Indenture Act as so amended. 
 “Trustee” means the person named as the “Trustee” in the first paragraph of this
instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean each person who is then a Trustee hereunder, and if at any time there is more than one
such person, “Trustee” as used with respect to the Securities of any Series shall mean the Trustee with respect to Securities of that Series. 

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

 

					
	Term	  	Defined in Section	 
	 “Bankruptcy Law”
	  	 	6.1	 
	 “Custodian”
	  	 	6.1	 
	 “Event of Default”
	  	 	6.1	 
	 “Legal Holiday”
	  	 	10.7	 
	 “mandatory sinking fund payment”
	  	 	11.1	 
	 “optional sinking fund payment”
	  	 	11.1	 
	 “Paying Agent”
	  	 	2.4	 
	 “Registrar”
	  	 	2.4	 
	 “Service Agent”
	  	 	2.4	 
	 “successor person”
	  	 	5.1	 

 Section 1.3 Incorporation by Reference of Trust Indenture Act.
Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. The following TIA terms used in this Indenture have the following meanings: 

“Commission” means the SEC. 

“indenture securities” means the Securities. 

“indenture security holder” means a Securityholder. 

“indenture to be qualified” means this Indenture. 

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

  
 - 4 - 

 “obligor” on the indenture securities means the Company and any successor obligor
upon the Securities. 
 All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or
defined by SEC rule under the TIA and not otherwise defined herein are used herein as so defined. 

Section 1.4 Rules of Construction. Unless the context otherwise requires: 

 

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

 

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

  

	 	(c)	 references to “generally accepted accounting principles” and “GAAP” shall mean generally
accepted accounting principles, consistently applied, in effect as of the time when and for the period as to which such accounting principles are to be applied; 

 

	 	(d)	 “or” is not exclusive; 

 

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

 

	 	(f)	 provisions apply to successive events and transactions. 

ARTICLE II 
 
THE SECURITIES 
 Section 2.1 Issuable in Series. The aggregate principal amount of
Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more Series. All Securities of a Series shall be identical except as may be set forth or determined in the manner provided
in a Board Resolution, supplemental indenture or Officers’ Certificate detailing the adoption of the terms thereof pursuant to authority granted under a Board Resolution. In the case of Securities of a Series to be issued from time to time, the
Board Resolution, Officers’ Certificate or supplemental indenture detailing the adoption of the terms thereof pursuant to authority granted under a Board Resolution may provide for the method by which specified terms (such as interest rate,
maturity date, record date or date from which interest shall accrue) are to be determined. Securities may differ between Series in respect of any matters; provided that all Series of Securities shall be equally and ratably entitled to the
benefits of this Indenture. 
 Section 2.2 Establishment of Terms of Series of Securities. At or
prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the case of Section 2.2(a) and either as to such Securities within the Series or as to the Series generally, in the case
of Sections 2.2(b) through 2.2(q)) by or pursuant to a Board Resolution, and set forth or determined in the manner provided in a Board Resolution, supplemental indenture or an Officers’ Certificate: 

 

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

  

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

  
 - 5 - 

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

  

	 	(d)	 the date or dates on which the principal of the Securities of the Series is payable; 

 

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

 

	 	(f)	 the Place of Payment where the principal of and interest, if any, on the Securities of the Series shall be
payable, where the Securities of such Series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be served, and the
method of such payment, if by wire transfer, mail or other means; 

  

	 	(g)	 if applicable, the period or periods within which, the price or prices at which and the terms and conditions
upon which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company; 

  

	 	(h)	 the obligation, if any, of the Company to redeem or purchase the Securities of the Series pursuant to any
sinking fund or analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the Series shall be redeemed or purchased, in whole
or in part, pursuant to such obligation; 

  

	 	(i)	 the dates, if any, on which and the price or prices at which the Securities of the Series will be repurchased
by the Company at the option of the Holders thereof and other detailed terms and provisions of such repurchase obligations; 

  

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

  

	 	(k)	 the forms of the Securities of the Series in bearer or fully registered form (and, if in fully registered form,
whether the Securities will be issuable as Global Securities); 

  

	 	(l)	 if other than the entire principal amount thereof, the portion of the principal amount of the Securities of the
Series that shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2; 

  

	 	(m)	 the provisions, if any, relating to any lien, security or encumbrance provided for the Securities of the
Series; 

  

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

  
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	 	(o)	 any addition to or change in the covenants set forth in Article IV or V which applies to Securities of the
Series; 

  

	 	(p)	 any other terms of the Securities of the Series (which may modify or delete any provision of this Indenture
insofar as it applies to such Series); and 

  

	 	(q)	 any depositories, interest rate calculation agents, exchange rate calculation agents or other agents with
respect to Securities of such Series if other than those appointed herein. 

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

Section 2.3 Execution and Authentication. 

Two Officers shall sign the Securities for the Company by manual or facsimile signature. 

If an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall
nevertheless be valid. 
 A Security shall not be valid until authenticated by the manual signature of the Trustee or an authenticating
agent. Such a signature shall be conclusive evidence that the Security has been authenticated under this Indenture. 
 The Trustee shall at
any time, and from time to time, authenticate Securities for original issue in the principal amount provided in the Board Resolution, supplemental indenture hereto or Officers’ Certificate, upon receipt by the Trustee of a Company Order. Such
Company Order may authorize authentication and delivery pursuant to oral or electronic instructions from the Company or its duly authorized agent or agents, which oral instructions shall be promptly confirmed in writing. Each Security shall be dated
the date of its authentication unless otherwise provided by a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate. 

The aggregate principal amount of Securities of any Series outstanding at any time may not exceed any limit upon the maximum principal amount
for such Series set forth in the Board Resolution, supplemental indenture hereto or Officers’ Certificate delivered pursuant to Section 2.2, except as provided in Section 2.8. 

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

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

The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Securities. An authenticating agent may authenticate
Securities whenever the Trustee may do so. Each 

  
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reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with the Company or an
Affiliate of the Company. 
 Section 2.4 Registrar and Paying Agent. The Company shall maintain,
with respect to each Series of Securities, at the Place of Payment specified with respect to such Series pursuant to Section 2.2, an office or agency where Securities of such Series may be presented or surrendered for payment (the
“Paying Agent”), where Securities of such Series may be surrendered for registration of transfer or exchange (the “Registrar”) and where notices and demands (other than service of process) to or upon the Company in
respect of the Securities of such Series and this Indenture may be served (the “Service Agent”). The Registrar shall keep a register with respect to each Series of Securities and to their transfer and exchange. The Company will give
prompt written notice to the Trustee of the name and address, and any change in the name or address, of each Registrar, Paying Agent or Service Agent. If at any time the Company shall fail to maintain any such required Registrar, Paying Agent or
Service Agent or shall fail to furnish the Trustee with the name and address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee
as its agent to receive all such presentations, surrenders, notices and demands (other than any service of process). 
 The Company may also
from time to time designate one or more co-registrars, additional paying agents or additional service agents and may from time to time rescind such designations; provided, however, that no such
designation or rescission shall in any manner relieve the Company of its obligations to maintain a Registrar, Paying Agent and Service Agent in each place so specified pursuant to Section 2.2 for Securities of any Series for such purposes. The
Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the name or address of any such co-registrar, additional paying agent or additional service
agent. The term “Registrar” includes any co-registrar; the term “Paying Agent” includes any additional paying agent; and the term “Service Agent” includes any additional service
agent. 
 The Company hereby appoints the Trustee as the initial Registrar, Paying Agent and Service Agent for each Series unless another
Registrar, Paying Agent or Service Agent, as the case may be, is appointed prior to the time Securities of that Series are first issued. 
 
Section 2.5 Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust, for the benefit of Securityholders of any Series of
Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest on the Series of Securities, and will notify the Trustee of any default by the Company in making any such payment. While any such default
continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other
than the Company or a Subsidiary of the Company) shall have no further liability for the money. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of
Securityholders of any Series of Securities all money held by it as Paying Agent. 
 Section 2.6
Securityholder Lists. The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Securityholders of each Series of Securities and shall otherwise comply with
TIA Section 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least ten days before each interest payment date and at such other times as the Trustee may request in writing a list, in such form and as of
such date as the Trustee may reasonably require, of the names and addresses of Securityholders of each Series of Securities. 

  
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 Section 2.7 Transfer and Exchange. Where
Securities of a Series are presented to the Registrar or a co-registrar with a request to register a transfer or to exchange them for an equal principal amount of Securities of the same Series, the Registrar
shall register the transfer or make the exchange if its requirements for such transactions are met. To permit registrations of transfers and exchanges, the Trustee shall authenticate Securities at the Registrar’s request. No service charge
shall be made for any registration of transfer or exchange (except as otherwise expressly permitted herein), but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection
therewith (other than any such transfer tax or similar governmental charge payable upon exchanges pursuant to Section 2.11, 3.6 or 9.6). 

Neither the Company nor the Registrar shall be required (a) to issue, register the transfer of, or exchange Securities of any Series for
the period beginning at the opening of business 15 days immediately preceding the mailing of a notice of redemption of Securities of that Series selected for redemption and ending at the close of business on the day of such mailing, or (b) to
register the transfer of or exchange Securities of any Series selected, called or being called for redemption as a whole or the portion being redeemed of any such Securities selected, called or being called for redemption in part. 

Section 2.8 Mutilated, Destroyed, Lost and Stolen Securities. If any mutilated Security is
surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and make available for delivery in exchange therefor a new Security of the same Series and of like tenor and principal amount and bearing a number not
contemporaneously outstanding. 
 If there shall be delivered to the Company and the Trustee (a) evidence to their satisfaction of the
destruction, loss or theft of any Security and (b) such security or satisfactory indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee
that such Security has been acquired by a bona fide purchaser, the Company shall execute and upon its request the Trustee shall authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen Security, a new Security of
the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 
 In case any such
mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 

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

Every new Security of any Series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an
original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with
any and all other Securities of that Series duly issued hereunder. 
 The provisions of this Section are exclusive and shall preclude (to
the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 

Section 2.9 Outstanding Securities. The Securities outstanding at any time are all the Securities
authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest on a Global Security effected by the Trustee in accordance with the provisions hereof and those described in this
Section as not outstanding. 

  
 - 9 - 

 If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding until
the Trustee receives proof satisfactory to it that the replaced Security is held by a bona fide purchaser. 
 If the Paying Agent (other
than the Company, a Subsidiary of the Company or an Affiliate of the Company) holds on the Maturity of Securities of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series
cease to be outstanding and interest on them ceases to accrue (to the extent of the Maturity of such Security if less than the entire principal amount is due and payable on such date of Maturity). 

A Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security. 

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

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

Section 2.11 Temporary Securities. Until definitive Securities are ready for delivery, the Company
may prepare and the Trustee shall authenticate temporary Securities upon a Company Order. Temporary Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary
Securities. Without unreasonable delay, the Company shall prepare and the Trustee upon request shall authenticate definitive Securities of the same Series and Stated Maturity in exchange for temporary Securities. Until so exchanged, temporary
Securities shall have the same rights under this Indenture as the definitive Securities. 

Section 2.12 Cancellation. All Securities and coupons surrendered for payment, redemption,
repayment at the option of the Holder, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee, and any such Securities and coupons
and Securities and coupons surrendered directly to the Trustee for any such purpose shall be promptly cancelled by the Trustee. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered
hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not
issued and sold, and all Securities so delivered shall be promptly cancelled by the Trustee. If the Company shall so acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness
represented by such Securities unless and until the same are surrendered to the Trustee for cancellation. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly
permitted by this Indenture. Cancelled Securities and coupons held by the Trustee shall be destroyed by the Trustee in accordance with its customary procedures. The Company by Company Order may direct the Trustee to deliver a certificate of such
destruction to the Company. 

  
 - 10 - 

 Section 2.13 Defaulted Interest. If the Company
defaults in a payment of interest on a Series of Securities, it shall pay the defaulted interest, plus, to the extent permitted by law, any interest payable on the defaulted interest, to the persons who are Securityholders of the Series on a
subsequent special record date. The Company shall fix the record date and payment date. At least 10 days before the record date, the Company shall mail to the Trustee and to each Securityholder of the Series a notice that states the record date, the
payment date and the amount of interest to be paid. The Company may pay defaulted interest in any other lawful manner. 
 
Section 2.14 Global Securities. 
  

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

 

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

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

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

 “This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is registered
in the name of the Depository or a nominee of the Depository. This Security is exchangeable for Securities registered in the name of a person other than the Depository or its nominee only in the limited circumstances described in the Indenture, and
may not be transferred except as a whole by the Depository to a nominee of the Depository, by a nominee of the Depository to the Depository or another nominee of the Depository or by the Depository or any such nominee to a successor Depository or a
nominee of such a successor Depository.” 

  
 - 11 - 

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

 

	 	(e)	 Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as
contemplated by Section 2.2, payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof. 

  

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

Section 2.15 CUSIP Numbers. The Company in issuing the Securities may use “CUSIP”
numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness
of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other elements of identification printed on the Securities, and any such redemption shall not be affected
by any defect in or omission of such numbers. 
 ARTICLE III 

REDEMPTION 

Section 3.1 Notice to Trustee. The Company may, with respect to any Series of Securities, reserve
the right to redeem and pay the Series of Securities or may covenant to redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided for in such Securities. If a Series
of Securities is redeemable and the Company wants or is obligated to redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms of such Securities, it shall notify the Trustee of the redemption date and
the principal amount of Series of Securities to be redeemed. The Company shall give the notice at least 45 days before the redemption date (or such shorter notice as may be acceptable to the Trustee). 

Section 3.2 Selection of Securities to be Redeemed. Unless otherwise indicated for a particular
Series by a Board Resolution, a supplemental indenture or an Officers’ Certificate, if less than all the Securities of any Series issued on the same day with the same terms are to be redeemed, the particular Securities to be redeemed shall be
selected not more than 45 days prior to the redemption date by the Trustee, from the Outstanding Securities of such Series issued on such date with the same terms not previously called for redemption, by such method as the Trustee shall deem fair
and appropriate, and, in the case of global Securities, in accordance with the procedures of the depositary; provided that such method complies with the rules of any national securities exchange or quotation system on which the Securities are
listed, and may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities of that Series or any integral multiple thereof) of the principal amount of Securities of such Series of a denomination
larger than the minimum authorized denomination for Securities of that Series; provided, however, that no such partial redemption shall reduce the portion of the principal amount of a Security not redeemed to less than the minimum
authorized denomination for Securities of such Series. 

  
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 The Trustee shall promptly notify the Company and the Security Registrar (if other than
itself) in writing of the Securities selected for redemption and, in the case of any Securities selected for partial redemption, the principal amount thereof to be redeemed. 

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

Notwithstanding the foregoing, if any Security to be redeemed is a Global Security then any partial redemption of that Series of Securities
will be made in accordance with the Depository’s applicable procedures among all Holders of such Series of Securities. 
 
Section 3.3 Notice of Redemption. Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officers’ Certificate, at least 30 days but not more than 60 days before a
redemption date, the Company shall mail a notice of redemption by first-class mail to each Holder whose Securities are to be redeemed and, if any Bearer Securities are outstanding, publish on one occasion a notice in an Authorized Newspaper. 

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

 

	 	(a)	 the redemption date; 

 

	 	(b)	 the redemption price and accrued interest, if any, to the redemption date payable as provided;

  

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

 

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

  

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

  

	 	(f)	 the CUSIP number, if any; 

 

	 	(g)	 any conditions precedent that must be satisfied prior to the redemption; and 

 

	 	(h)	 any other information as may be required by the terms of the particular Series or the Securities of a Series
being redeemed. 

 At the Company’s request given at least five Business Days prior to the date such notice is given
to Holders, the Trustee shall give the notice of redemption in the Company’s name and at its expense. 

Section 3.4 Effect of Notice of Redemption. Once notice of redemption is mailed or published as
provided in Section 3.3, Securities of a Series called for redemption become due and payable on the redemption date and at the redemption price, subject to, with respect to any redemption that is conditioned upon the satisfaction of any
conditions precedent, (i) the delay of such redemption date until such time as any or all of such conditions precedent have been satisfied or (ii) the revocation of such redemption if the Company determines that such conditions precedent
will not be satisfied. Upon surrender to the Paying Agent, such Securities shall be paid at the redemption price plus accrued interest to, but excluding, the redemption date; provided that installments of interest whose Stated Maturity is on
or prior to the 

  
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redemption date shall be payable to the Holders of such Securities (or one or more predecessor Securities) registered at the close of business on the relevant record date therefor according to
their terms and the terms of this Indenture. 
 Section 3.5 Deposit of Redemption Price. On or
before the redemption date, the Company shall deposit with the Paying Agent money sufficient to pay the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date. 

Section 3.6 Securities Redeemed in Part. Upon surrender of a Security that is redeemed in part,
the Trustee shall authenticate for the Holder a new Security of the same Series and the same maturity equal in principal amount to the unredeemed portion of the Security surrendered. 

ARTICLE IV 
 
COVENANTS 
 Section 4.1 Payment of Principal and Interest. The Company covenants and
agrees for the benefit of the Holders of each Series of Securities that it will duly and punctually pay the principal of and interest, if any, on the Securities of that Series in accordance with the terms of such Securities and this Indenture. 

Section 4.2 SEC Reports. The Company shall deliver to the Trustee within 15 days after it files
them with the SEC copies of the annual reports and of the information, documents, and other reports (or copies of such portions of any of the foregoing as the SEC may by rules and regulations prescribe) which the Company is required to file with the
SEC pursuant to Section 13 or 15(d) of the Exchange Act. The Company also shall comply with the other provisions of TIA Section 314(a). Delivery of such reports, information and documents to the Trustee is for informational purposes only
and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as
to which the Trustee is entitled to rely exclusively on an Officers’ Certificate). 
 Section 4.3
Compliance Certificate. The Company shall deliver to the Trustee, within 120 days after the end of each fiscal year of the Company, an Officers’ Certificate stating that a review of the activities of the Company and its Subsidiaries
during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to
each such Officer signing such certificate, that to the best of his/her knowledge the Company has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of
any of the terms, provisions and conditions hereof (or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which he may have knowledge). 

The Company will, so long as any of the Securities are outstanding, deliver to the Trustee, forthwith upon becoming aware of any Default or
Event of Default, an Officers’ Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with respect thereto. 

Section 4.4 Stay, Extension and Usury Laws. The Company covenants (to the extent that it may
lawfully do so) that it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may affect the
covenants or the performance of this Indenture or the Securities and the Company (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not, by resort to any such law,
hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted. 

  
 - 14 - 

 Section 4.5 Corporate Existence. Subject to
Article V, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence and the rights (charter and statutory), licenses and franchises of the Company; provided,
however, that the Company shall not be required to preserve any such right, license or franchise if the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and
its Subsidiaries taken as a whole and that the loss thereof is not adverse in any material respect to the Holders. 
 
Section 4.6 Taxes. The Company shall pay prior to delinquency all taxes, assessments and governmental levies, except as contested in good faith and by appropriate proceedings. 

ARTICLE V 
 
SUCCESSORS 
 Section 5.1 When Company May Merge, Etc. The Company shall not consolidate
with or merge with or into, or convey, transfer or lease all or substantially all of its properties and assets to, any person (a “successor person”), nor shall the Company permit any other person to consolidate with or merge into it or
convey, transfer or lease all or substantially all of its properties and assets to it, in either case unless: 
  

	 	(a)	 the Company is the surviving corporation or the successor person (if other than the Company) is a corporation
organized and validly existing under the laws of any U.S. domestic jurisdiction and expressly assumes the Company’s obligations on the Securities and under this Indenture; and 

 

	 	(b)	 immediately after giving effect to the transaction, and treating any indebtedness that becomes the obligation
of the Company or any of its Subsidiaries as having been incurred at the effective date of such transaction no Default or Event of Default shall have occurred and be continuing. 

The Company shall deliver to the Trustee prior to the consummation of the proposed transaction an Officers’ Certificate to the foregoing
effect and an Opinion of Counsel stating that the proposed transaction and any supplemental indenture comply with this Indenture. 
 
Section 5.2 Successor Corporation Substituted. Upon any consolidation or merger, or any sale, lease, conveyance or other disposition of all or substantially all of the assets of the Company in accordance with Section 5.1, the
successor corporation formed by such consolidation or into or with which the Company is merged or to which such sale, lease, conveyance or other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of,
the Company under this Indenture with the same effect as if such successor person has been named as the Company herein; provided, however, that the predecessor Company in the case of a sale, conveyance or other disposition (other than
a lease) shall be released from all obligations and covenants under this Indenture and the Securities. 

  
 - 15 - 

 ARTICLE VI 

DEFAULTS AND REMEDIES 

Section 6.1 Events of Default. 

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

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

 

	 	(b)	 default in the payment of principal of any Security of that Series at its Maturity; 

 

	 	(c)	 default in the deposit of any sinking fund payment, when and as due in respect of any Security of that Series;

  

	 	(d)	 default in the performance or breach of any covenant or warranty of the Company in this Indenture (other than a
covenant or warranty for which the consequences of nonperformance or breach are addressed elsewhere in this Section 6.1 and other than a covenant or warranty that has been included in this Indenture solely for the benefit of Series of
Securities other than that Series), which default or breach continues uncured or unwaived in accordance with the provisions of this Indenture for a period of 90 days after there has been given, by registered or certified mail, to the Company by the
Trustee or to the Company and the Trustee by the Holders of not less than 25.0% in principal amount of the outstanding Securities of that Series a written notice specifying such default or breach and requiring it to be remedied and stating that such
notice is a “Notice of Default” hereunder; 

  

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

 

	 	i.	 commences a voluntary case, 

 

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

 

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

  

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

 

	 	v.	 generally is unable to pay its debts as the same become due; or 

 

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

  

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

 

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

  
 - 16 - 

	 	iii.	 orders the liquidation of the Company, and the order or decree remains unstayed and in effect for 60 days; or

  

	 	(g)	 any other Event of Default provided with respect to Securities of that Series, which is specified in a Board
Resolution, a supplemental indenture hereto or an Officers’ Certificate, in accordance with Section 2.2(n). 

The term “Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law for the relief of debtors. The term
“Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 
 
Section 6.2 Acceleration of Maturity; Rescission and Annulment. Except to the extent provided otherwise in the establishing Board Resolution, supplemental indenture or Officers’ Certificate for such Series, if an Event of
Default with respect to Securities of any Series at the time outstanding occurs and is continuing (other than an Event of Default referred to in Section 6.1(e) or 6.1(f)), then in every such case the Trustee or the Holders of not less than
25.0% in aggregate principal amount of the outstanding Securities of that Series may declare the principal amount (or, if any Securities of that Series are Discount Securities, such portion of the principal amount as may be specified in the terms of
such Securities) of and accrued and unpaid interest, if any, on all of the Securities of that Series to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration
such principal amount (or portion thereof) and accrued and unpaid interest, if any, shall become immediately due and payable. If an Event of Default specified in Section 6.1(e) or 6.1(f) shall occur, the principal amount (or portion thereof) of
and accrued and unpaid interest, if any, on all outstanding Securities shall automatically become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. 

At any time after such a declaration of acceleration with respect to any Series has been made and before a judgment or decree for payment of
the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the outstanding Securities of that Series, by written notice to the Company and the Trustee, may rescind and
annul such declaration and its consequences if all Events of Default with respect to Securities of that Series, other than the non-payment of the principal and interest, if any, of Securities of that Series
which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 6.13. 
 No such
rescission shall affect any subsequent Default or impair any right consequent thereon. 
 Section 6.3
Collection of Indebtedness and Suits for Enforcement by Trustee. The Company covenants that if: 
  

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

  

	 	(b)	 default is made in the payment of principal of any Security at the Maturity thereof, or 

 

	 	(c)	 default is made in the deposit of any sinking fund payment when and as due by the terms of a Security,

 then, the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then
due and payable on such Securities for principal and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and any overdue interest at the rate or rates prescribed therefor in such
Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

  
 - 17 - 

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

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

Section 6.4 Trustee may File Proofs of Claim. In case of the pendency of any receivership,
insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their
creditors, the Trustee (irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for
the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise, (a) to file and prove a claim for the whole amount of principal and interest owing and unpaid in respect of the
Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel) and of the Holders allowed in such judicial proceeding, and (b) to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same, and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments
directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.7. 

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

Section 6.5 Trustee may Enforce Claims Without Possession of Securities. All rights of action and
claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the
Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel,
be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered. 

  
 - 18 - 

 Section 6.6 Application of Money Collected. Any
money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal or interest, upon presentation of the
Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 
 First: To the payment
of all amounts due the Trustee under Section 7.7; and 
 Second: To the payment of the amounts then due and unpaid for principal of and
interest on the Securities in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and interest,
respectively; and 
 Third: To the Company. 

Section 6.7 Limitation on Suits. No Holder of any Security of any Series shall have any right to
institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 
  

	 	(a)	 such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to
the Securities of that Series; 

  

	 	(b)	 the Holders of not less than 25.0% in principal amount of the outstanding Securities of that Series shall have
made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

  

	 	(c)	 such Holder or Holders have offered to the Trustee indemnity satisfactory to it against the costs, expenses and
liabilities to be incurred in compliance with such request; 

  

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

  

	 	(e)	 no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the outstanding Securities of that Series; 

it being understood and intended that no one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any
provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce any right under this Indenture, except in the
manner herein provided and for the equal and ratable benefit of all such Holders. 
 Section 6.8
Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal
of and interest, if any, on such Security on the Stated Maturity or Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption date) and to institute suit for the enforcement of any such payment, and such rights
shall not be impaired without the consent of such Holder. 
 Section 6.9 Restoration of Rights and
Remedies. If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to
such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and
remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 

  
 - 19 - 

 Section 6.10 Rights and Remedies Cumulative.
Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in Section 2.8, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be
exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.
The assertion or employment of any right or remedy hereunder, or otherwise, shall not, to the extent permitted by law, prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 6.11 Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder of
any Securities to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or
by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 

Section 6.12 Control by Holders. The Holders of a majority in principal amount of the outstanding
Securities of any Series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of
such Series; provided that: 
  

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

 

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

  

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

Section 6.13 Waiver of Past Defaults. The Holders of not less than a majority in principal amount
of the outstanding Securities of any Series may on behalf of the Holders of all the Securities of such Series waive any past Default hereunder with respect to such Series and its consequences, except a Default (a) in the payment of the
principal of or interest on any Security of such Series (provided, however, that the Holders of a majority in principal amount of the outstanding Securities of any Series may rescind an acceleration and its consequences, including any
related payment default that resulted from such acceleration) or (b) in respect of a covenant or provision hereof which cannot be modified or amended without the consent of the Holder of each outstanding Security of such Series affected. Upon
any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any
right consequent thereon. 
 Section 6.14 Undertaking for Costs. All parties to this Indenture
agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the
Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including
reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted
by the Company, to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount 

  
 - 20 - 

 
of the outstanding Securities of any Series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of or interest on any Security on or after the Stated
Maturity or Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption date). 
 ARTICLE VII 

TRUSTEE 

Section 7.1 Duties of Trustee. 

 

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

 

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

 

	 	i.	 The Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and
no implied covenants or obligations shall be read into this Indenture against the Trustee. The Trustee shall not be liable for any action it takes or omits to take in good faith that it believes to be authorized or within its rights or powers. The
Trustee is not required to give any bond or surety with respect to the performance of its duties or the exercise of its powers under this Indenture. The permissive right of the Trustee to take the actions permitted by this Indenture shall not be
construed as an obligation or duty to do so. 

  

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

  

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

  

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

 

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

  

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

  
 - 21 - 

	 	(d)	 Every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b), (c)
and (g) of this Section. 

  

	 	(e)	 The Trustee may refuse to perform any duty or exercise any right or power at the request or direction of any
Holder unless it receives security or indemnity satisfactory to it against any loss, liability or expense. 

  

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

  

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

  

	 	(h)	 The Paying Agent, the Registrar and any authenticating agent shall be entitled to the protections, immunities
and standard of care as are set forth in paragraphs (b) 
and (c) of this Section with respect to the Trustee. 

 Section 7.2 Rights of
Trustee. 
  

	 	(a)	 The Trustee may rely on and shall be protected in acting or refraining from acting upon any document believed
by it to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in the document. 

  

	 	(b)	 Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate, an Opinion of
Counsel, or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate and/or Opinion of Counsel. 

 

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

 

	 	(d)	 The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be
authorized or within its rights or powers, provided that the Trustee’s conduct does not constitute negligence or willful misconduct. 

  

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

  

	 	(f)	 The Trustee may consult with counsel of its selection and the advice of such counsel or any Opinion of Counsel
shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder without negligence and in good faith and in reliance thereon. 

  
 - 22 - 

	 	(g)	 The Trustee may conclusively rely upon and shall not be bound to make any investigation into the facts or
matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion,
may make such further inquiry or investigation into such facts or matters as it may see fit. 

  

	 	(h)	 The Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer
of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities generally or the
Securities of a particular Series and this Indenture. 

  

	 	(i)	 Delivery of reports, information and documents (including, without limitation, reports contemplated in this
Section) to the Trustee is for information purposes only, and the Trustee’s receipts thereof shall not constitute actual or constructive notice of any information contained therein or determinable from information contained therein, including
the Company’s compliance with covenants under this Indenture, Securities, and guarantees (if any), as to which the Trustee is entitled to rely exclusively on Officers’ Certificates. 

 

	 	(j)	 The Trustee shall have no responsibility for monitoring the Company’s compliance with any of its covenants
under this Indenture. 

  

	 	(k)	 The Trustee shall not be responsible or liable for punitive, special, indirect, or consequential loss or damage
of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of actions. 

 

	 	(l)	 Any permissive right of the Trustee to take or refrain from taking actions enumerated in this Indenture shall
not be construed as a duty. 

  

	 	(m)	 The Trustee shall not be responsible or liable for any failure or delay in the performance of its obligations
under this Indenture arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; fire; flood; terrorism; wars and other military disturbances; sabotage;
epidemics; riots; interruptions; loss or malfunction of utilities, computer (hardware or software) or communication services; accidents; labor disputes; and acts of civil or military authorities and governmental action. 

 

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

 
Section 7.3 Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or an Affiliate of the Company with the same rights
it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee is also subject to Sections 7.10 and 7.11. 

  
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 Section 7.4 Trustee’s
Disclaimer. The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the Company’s use of the proceeds from the Securities, and it shall not be responsible for
any statement in the Securities other than its authentication. 
 Section 7.5 Notice of
Defaults. If a Default or Event of Default occurs and is continuing with respect to the Securities of any Series and if it is known to a Responsible Officer of the Trustee, the Trustee shall mail to each Securityholder of the Securities of that
Series and, if any Bearer Securities are outstanding, publish on one occasion in an Authorized Newspaper, notice of a Default or Event of Default within 90 days after it occurs or, if later, after a Responsible Officer of the Trustee has knowledge
of such Default or Event of Default. Except in the case of a Default or Event of Default in payment of principal of or interest on any Security of any Series, the Trustee may withhold the notice if and so long as it in good faith determines that
withholding the notice is in the interests of Securityholders of that Series. 
 Section 7.6 Reports
by Trustee to Holders. Within 60 days after                in each year, the Trustee shall transmit by mail to all Securityholders, as their names and addresses
appear on the register kept by the Registrar and, if any Bearer Securities are outstanding, publish in an Authorized Newspaper, a brief report dated as of
such                , in accordance with, and to the extent required under, TIA Section 313. 

A copy of each report at the time of its mailing to Securityholders of any Series shall be filed with the SEC and each stock exchange, if any,
on which the Securities of that Series are listed. The Company shall promptly notify the Trustee when Securities of any Series are listed on any stock exchange. 

Section 7.7 Compensation and Indemnity. The Company shall pay to the Trustee from time to time
compensation for its services as the Company and the Trustee shall from time to time agree upon in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse
the Trustee upon request for all reasonable expenses incurred by it. Such expenses shall include the reasonable compensation and expenses of the Trustee’s agents and counsel. 

The Company shall indemnify each of the Trustee and any predecessor Trustee (including the cost of defending itself) against any loss,
liability, claim (including any between the parties to this Indenture), suit or expense, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) incurred by it except as set forth in the next paragraph
in the performance of its duties under this Indenture as Trustee or Agent. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. The Trustee may have separate counsel and the Company shall pay the reasonable
fees and expenses of such counsel. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld. This indemnification shall apply to officers, directors, employees, shareholders and agents of
the Trustee. 
 The Company need not reimburse any expense or indemnify against any loss or liability incurred by the Trustee or by any
officer, director, employee, shareholder or agent of the Trustee to the extent of its negligence or willful misconduct. 
 To secure the
Company’s payment obligations in this Section, the Trustee shall have a lien prior to the Securities of any Series on all money or property held or collected by the Trustee, except that held in trust to pay principal of and interest on
particular Securities of that Series. 

  
 - 24 - 

 When the Trustee incurs expenses or renders services after an Event of Default specified in
Section 6.1(e) or 6.1(f) occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 

The provisions of this Section shall survive the resignation or removal of the Trustee and the termination of this Indenture. 

Section 7.8 Replacement of Trustee. A resignation or removal of the Trustee and appointment of a
successor Trustee shall become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section. 

The Trustee may resign with respect to the Securities of one or more Series by so notifying the Company at least 30 days prior to the date of
the proposed resignation. The Holders of a majority in principal amount of the Securities of any Series may remove the Trustee with respect to that Series by so notifying the Trustee and the Company. The Company may remove the Trustee with respect
to Securities of one or more Series if: 
  

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

 

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

  

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

 

	 	(d)	 the Trustee becomes incapable of acting. 

If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint a
successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the then outstanding Securities may appoint a successor Trustee to replace the successor Trustee appointed by the Company.

 If a successor Trustee with respect to the Securities of any one or more Series does not take office within 60 days after the retiring
Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least a majority in principal amount of the Securities of the applicable Series may petition any court of competent jurisdiction for the appointment of a successor
Trustee. 
 A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company.
Immediately after that, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee subject to the lien provided for in Section 7.7, the resignation or removal of the retiring Trustee shall become effective,
and the successor Trustee shall have all the rights, powers and duties of the Trustee with respect to each Series of Securities for which it is acting as Trustee under this Indenture. A successor Trustee shall mail a notice of its succession to each
Securityholder of each such Series and, if any Bearer Securities are outstanding, publish such notice on one occasion in an Authorized Newspaper. Notwithstanding replacement of the Trustee pursuant to this Section 7.8, the Company’s
obligations under Section 7.7 shall continue for the benefit of the retiring Trustee with respect to expenses and liabilities incurred by it prior to such replacement. 

Section 7.9 Successor Trustee by Merger, Etc. If the Trustee consolidates with, merges or converts
into, or transfers all or substantially all of its corporate trust business to, another person, the successor person without any further act shall be the successor Trustee. 

  
 - 25 - 

 Section 7.10 Eligibility; Disqualification. This
Indenture shall always have a Trustee who satisfies the requirements of TIA Sections 310(a)(1), 310(a)(2) and 310(a)(5). The Trustee shall always have a combined capital and surplus of at least $25,000,000 as set forth in its most recent published
annual report of condition. The Trustee shall comply with TIA Section 310(b). 
 Section 7.11
Referential Collection of Claims Against Company. The Trustee is subject to TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA
Section 311(a) to the extent indicated. 
 ARTICLE VIII 

SATISFACTION AND DISCHARGE; DEFEASANCE 

Section 8.1 Satisfaction and Discharge of Indenture. This Indenture shall upon Company Order cease
to be of further effect (except as hereinafter provided in this Section 8.1), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when 

 

	 	(a)	 either: 

  

	 	i.	 all Securities theretofore authenticated and delivered (other than Securities that have been destroyed, lost or
stolen and that have been replaced or paid) have been delivered to the Trustee for cancellation; or 

  

	 	ii.	 all such Securities not theretofore delivered to the Trustee for cancellation 

(1) have become due and payable, or 

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

(3) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by
the Trustee in the name, and at the expense, of the Company; or 
 (4) are deemed paid and discharged pursuant to Section 8.3, as
applicable; 
 and the Company, in the case of clauses (1), (2) and (3) above, has irrevocably deposited or caused to be deposited with the Trustee as
trust funds in trust an amount sufficient for the purpose of paying and discharging the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal and interest to the date of such deposit (in the
case of Securities which have become due and payable on or prior to the date of such deposit) or to the Stated Maturity or redemption date, as the case may be; 
  

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

  

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

  
 - 26 - 

 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the
Company to the Trustee under Section 7.7, and, if money shall have been deposited with the Trustee pursuant to clause (a) of this Section, the provisions of Sections 2.4, 2.7, 2.8, 8.1, 8.2 and 8.5 shall survive. 

Section 8.2 Application of Trust Funds; Indemnification. 

 

	 	(a)	 Subject to the provisions of Section 8.5, all money deposited with the Trustee pursuant to
Section 8.1, all money and U.S. Government Obligations deposited with the Trustee pursuant to Section 8.3 or 8.4 and all money received by the Trustee in respect of U.S. Government Obligations deposited with the Trustee pursuant to
Section 8.3 or 8.4, shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (other than the Company acting as its own Paying
Agent) as the Trustee may determine, to the persons entitled thereto, of the principal and interest for whose payment such money has been deposited with or received by the Trustee or to make mandatory sinking fund payments or analogous payments as
contemplated by Section 8.3 or 8.4. 

  

	 	(b)	 The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or
assessed against U.S. Government Obligations deposited pursuant to Section 8.3 or 8.4 or the interest and principal received in respect of such obligations other than any payable by or on behalf of Holders. 

 

	 	(c)	 The Trustee shall deliver or pay to the Company from time to time upon Company Request any U.S. Government
Obligations or money held by it as provided in Section 8.3 or 8.4 which, in the opinion of a nationally recognized firm of independent certified public accountants expressed in a written certification thereof delivered to the Trustee, are then
in excess of the amount thereof which then would have been required to be deposited for the purpose for which such U.S. Government Obligations or money were deposited or received. This provision shall not authorize the sale by the Trustee of any
U.S. Government Obligations held under this Indenture. 

 Section 8.3 Legal
Defeasance of Securities of any Series. Unless this Section 8.3 is otherwise specified, pursuant to Section 2.2(p), to be inapplicable to Securities of any Series, the Company shall be deemed to have paid and discharged the entire
indebtedness on all the outstanding Securities of any Series on the 90th day after the date of the deposit referred to in subparagraph (c) hereof, and the provisions of this Indenture, as it relates to such outstanding Securities of such
Series, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, at Company Request, execute proper instruments acknowledging the same), except as to: 

 

	 	(a)	 the rights of Holders of Securities of such Series to receive, from the trust funds described in subparagraph
(c) hereof, (i) payment of the principal of and each installment of principal of and interest on the outstanding Securities of such Series on the Stated Maturity of such principal or installment of principal or interest and (ii) the
benefit of any mandatory sinking fund payments applicable to the Securities of such Series on the day on which such payments are due and payable in accordance with the terms of this Indenture and the Securities of such Series; 

 

	 	(b)	 the provisions of Sections 2.4, 2.7, 2.8, 8.2, 8.3, and 8.5; and 

  
 - 27 - 

	 	(c)	 the rights, powers, trust and immunities of the Trustee hereunder; provided that, the following
conditions shall have been satisfied: 

  

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

  

	 	ii.	 such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any
other agreement or instrument to which the Company is a party or by which it is bound; 

  

	 	iii.	 no Default or Event of Default with respect to the Securities of such Series shall have occurred and be
continuing on the date of such deposit or during the period ending on the 90th day after such date; 

  

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

 

	 	v.	 the Company shall have delivered to the Trustee an Officers’ Certificate stating that the deposit was not
made by the Company with the intent of preferring the Holders of the Securities of such Series over any other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and

  

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

Section 8.4 Covenant Defeasance. Unless this Section 8.4 is otherwise specified pursuant to
Section 2.2(p) to be inapplicable to Securities of any Series, on and after the 91st day after the date of the deposit referred to in subparagraph (a) hereof, the Company may omit to comply with respect to the Securities of any Series with
any term, provision or condition set forth under Sections 4.2, 4.3, 4.4, 4.6, and 5.1 as well as any additional covenants specified in a supplemental indenture for such Series of Securities or a Board Resolution or an Officers’ Certificate
delivered pursuant to Section 2.2(p) (and the failure to comply with any such covenants shall not constitute a Default or Event of Default with respect to such 

  
 - 28 - 

 
Series under Section 6.1) and the occurrence of any event specified in a supplemental indenture for such Series of Securities or a Board Resolution or an Officers’ Certificate delivered
pursuant to Section 2.2(n) and designated as an Event of Default shall not constitute a Default or Event of Default hereunder, with respect to the Securities of such Series; provided that the following conditions shall have been
satisfied: 
  

	 	(a)	 With reference to this Section 8.4, the Company has deposited or caused to be irrevocably deposited
(except as provided in Section 8.2(c)) with the Trustee as trust funds in trust for the purpose of making the following payments specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities, cash
in Dollars and/or U.S. Government Obligations, which through the payment of interest and principal in respect thereof in accordance with their terms, will provide (and without reinvestment and assuming no tax liability will be imposed on such
Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a regionally recognized firm of independent certified public accountants expressed in a written certification thereof
delivered to the Trustee, to pay and discharge each installment of principal of and interest, if any, on and any mandatory sinking fund payments in respect of the Securities of such Series on the dates such installments of interest or principal and
such sinking fund payments are due; 

  

	 	(b)	 Such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any
other agreement or instrument to which the Company is a party or by which it is bound; 

  

	 	(c)	 No Default or Event of Default with respect to the Securities of such Series shall have occurred and be
continuing on the date of such deposit or during the period ending on the 90th day after such date; 

  

	 	(d)	 The Company shall have delivered to the Trustee an Opinion of Counsel to the effect that Holders of the
Securities of such Series will not recognize income, gain or loss for federal income tax purposes as a result of such deposit and covenant defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same
times as would have been the case if such deposit and covenant defeasance had not occurred; and 

  

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

Section 8.5 Repayment to Company. The Trustee and the Paying Agent shall pay to the Company upon
request any money held by them for the payment of principal and interest that remains unclaimed for six months. After that, Securityholders entitled to the money must look to the Company for payment as general creditors unless an applicable
abandoned property law designates another person. 
 ARTICLE IX 

AMENDMENTS AND WAIVERS 

Section 9.1 Without Consent of Holders. The Company and the Trustee may amend or supplement this
Indenture or the Securities of one or more Series without the consent of any Securityholder by indentures supplemental hereto: 
  

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

  
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	 	(b)	 to comply with Article V; 

 

	 	(c)	 to evidence the succession of another corporation to the Company, or successive successions, pursuant to
Article XI, and the assumption by the successor corporation of the covenants, agreements and obligations of the Company herein and in the Securities; 

  

	 	(d)	 to add to the covenants of the Company such further covenants, restrictions, conditions or provisions as its
Board of Directors shall consider to be for the protection of the holders of Securities, and to make the occurrence, or the occurrence and continuance, of a default in any of such additional covenants, restrictions, conditions or provisions an Event
of Default permitting the enforcement of all or any of the several remedies provided in this Indenture as herein set forth, with such period of grace, if any, and subject to such conditions as such supplemental indenture may provide;

  

	 	(e)	 to add to or change any of the provisions of this Indenture to provide that Bearer Securities may be
registrable as to principal, to change or eliminate any restrictions on the payment of principal of or any premium or interest on Bearer Securities, to permit Bearer Securities to be issued in exchange for Registered Securities, to permit Bearer
Securities to be issued in exchange for Bearer Securities of other authorized denominations or to permit or facilitate the issuance of Securities in uncertificated form; provided that any such action shall not adversely affect the interests
of the holders of Securities of any Series or any related coupons in any material respect; 

  

	 	(f)	 to modify, eliminate or add to the provisions of this Indenture to such extent as shall be necessary to effect
the qualification of this Indenture under the TIA, or under any similar federal statute hereafter enacted, and to add to this Indenture such other provisions as may be expressly permitted by the TIA, excluding however, the provisions referred to in
Section 316(a)(2) of the TIA or any corresponding provision in any similar federal statute hereafter enacted; 

  

	 	(g)	 to add any additional Events of Default (and if such Events of Default are to be for the benefit of less than
all Series of Securities, stating that such are expressly being included solely for the benefit of such Series); 

  

	 	(h)	 to modify, eliminate or add to any of the provisions of this Indenture; provided that any such change or
elimination (i) shall become effective only when there is no Security of any Series Outstanding and created prior to the execution of such supplemental indenture that is entitled to the benefit of such provision or (ii) shall not apply to
any Security Outstanding; 

  

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

  

	 	(j)	 to make any change that does not adversely affect the rights of any Securityholder; 

 

	 	(k)	 to provide for the issuance of and establish the form and terms and conditions of Securities of any Series as
permitted by this Indenture; 

  

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

  
 - 30 - 

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

 Section 9.2 With Consent of Holders. The Company and the Trustee
may enter into a supplemental indenture with the written consent of the Holders of at least a majority in principal amount of the outstanding Securities of each Series affected by such supplemental indenture (including consents obtained in
connection with a tender offer or exchange offer for the Securities of such Series), for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of
modifying in any manner the rights of the Securityholders of each such Series. Except as provided in Section 6.13, the Holders of at least a majority in principal amount of the outstanding Securities of any Series by notice to the Trustee
(including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series) may waive compliance by the Company with any provision of this Indenture or the Securities with respect to such Series. 

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

Section 9.3    Limitations. Without the consent of each Securityholder
affected, an amendment or waiver may not: 
  

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

  

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

  

	 	(c)	 reduce the principal or change the Stated Maturity of any Security or reduce the amount of, or postpone the
date fixed for, the payment of any sinking fund or analogous obligation; 

  

	 	(d)	 reduce the principal amount of Discount Securities payable upon acceleration of the maturity thereof;

  

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

  

	 	(f)	 make the principal of or interest, if any, on any Security payable in any currency other than that stated in
the Security; 

  

	 	(g)	 make any change in Section 6.8, 6.13, or 9.3 (this sentence); or 

 

	 	(h)	 waive a redemption payment with respect to any Security. 

  
 - 31 - 

	 	

 Section 9.4 Compliance with Trust Indenture
Act. Every amendment to this Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture hereto that complies with the TIA as then in effect. 

Section 9.5 Revocation and Effect of Consents. Until an amendment is set forth in a supplemental
indenture or a waiver becomes effective, a consent to it by a Holder of a Security is a continuing consent by the Holder and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s
Security, even if notation of the consent is not made on any Security. However, any such Holder or subsequent Holder may revoke the consent as to his Security or portion of a Security if the Trustee receives the notice of revocation before the date
of the supplemental indenture or the date the waiver becomes effective. 
 Any amendment or waiver once effective shall bind every
Securityholder of each Series affected by such amendment or waiver unless it is of the type described in any of clauses (a) through (h) of Section 9.3. In that case, the amendment or waiver shall bind each Holder of a Security who has
consented to it and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security. 

Section 9.6 Notation on or Exchange of Securities. The Trustee may place an appropriate notation
about an amendment or waiver on any Security of any Series thereafter authenticated. The Company in exchange for Securities of that Series may issue and the Trustee shall authenticate upon request new Securities of that Series that reflect the
amendment or waiver. 
 Section 9.7 Trustee Protected. In executing, or accepting the additional
trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 7.1) shall be fully protected in
relying upon, an Officers’ Certificate and Opinion of Counsel stating that all conditions precedent have been satisfied, the execution of such supplemental indenture is authorized or permitted by this Indenture and that such supplemental
indenture is the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms. The Trustee shall sign all supplemental indentures, except that the Trustee need not sign any supplemental indenture
that adversely affects it. 
 ARTICLE X 

MISCELLANEOUS 

Section 10.1 Trust Indenture Act Controls . If any provision of this Indenture limits, qualifies,
or conflicts with another provision which is required or deemed to be included in this Indenture by the TIA, such required or deemed provision shall control. 

Section 10.2 Notices . Any notice or communication by the Company or the Trustee to the other, or
by a Holder to the Company or the Trustee, is duly given if in writing and delivered in person or mailed by first-class mail: 
 if to the
Company: 
 Colony Bankcorp, Inc. 

115 South Grant Street 

Fitzgerald, Georgia 31750 

Attention: Terry L. Hester, Executive Vice President and Chief Financial Officer 

Telephone: (229) 426-6000 

  
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 if to the Trustee: 

Wilmington Trust, National Association 

Rodney Square North 
 1100 North
Market Street 
 Wilmington, Delaware 19890 

Attention: Colony Bankcorp, Inc. Administrator 

Telephone: (302) 636-6398 

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

 Any notice or communication to a Securityholder shall be mailed by first-class mail to his address shown on the register kept by the
Registrar and, if any Bearer Securities are outstanding, published in an Authorized Newspaper. Failure to mail a notice or communication to a Securityholder of any Series or any defect in it shall not affect its sufficiency with respect to other
Securityholders of that or any other Series. 
 If a notice or communication is mailed or published in the manner provided above, within the
time prescribed, it is duly given, whether or not the Securityholder receives it. 
 If the Company mails a notice or communication to
Securityholders, it shall mail a copy to the Trustee and each Agent at the same time. Notwithstanding any other provision of this Indenture or any Security, where this Indenture or any Security provides for notice of any event or any other
communication (including any notice of redemption or repurchase) to a Securityholder of a Security (whether by mail or otherwise), such notice shall be sufficiently given if given to Depository (or its designee) pursuant to the applicable procedures
from Depository or its designee, including by electronic mail in accordance with accepted practices at Depository. 
 
Section 10.3 Communication by Holders with Other Holders. Securityholders of any Series may communicate pursuant to TIA Section 312(b) with other Securityholders of that Series or any other Series with respect to their rights
under this Indenture or the Securities of that Series or all Series. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA Section 312(c). 

Section 10.4 Certificate and Opinion as to Conditions Precedent. Upon any request or application
by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee: 
  

	 	(a)	 an Officers’ Certificate stating that, in the opinion of the signers, all conditions precedent, if any,
provided for in this Indenture relating to the proposed action have been complied with; and 

  

	 	(b)	 an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been
complied with. 

 Section 10.5 Statements Required in Certificate or Opinion.
Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate provided pursuant to TIA Section 314(a)(4)) shall comply with the provisions of TIA Section 314(e)
and shall include: 

  
 - 33 - 

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

  

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

  

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

  

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

 Section 10.6 Rules by Trustee and Agents. The Trustee may make
reasonable rules for action by, or a meeting of, Securityholders of one or more Series. Any Agent may make reasonable rules and set reasonable requirements for its functions. 

Section 10.7 Legal Holidays. Unless otherwise provided by Board Resolution, Officers’
Certificate or supplemental indenture hereto for a particular Series, a “Legal Holiday” is any day that is not a Business Day. If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next
succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. 

Section 10.8 No Recourse Against Others. A director, officer, employee or stockholder, as such, of
the Company shall not have any liability for any obligations of the Company under the Securities or this Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Securityholder by accepting a
Security waives and releases all such liability. The waiver and release are part of the consideration for the issue of the Securities. 
 
Section 10.9 Counterparts. This Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or electronic format (e.g., “.pdf” or “.tif”) transmission shall constitute effective
execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or electronic format (e.g., “.pdf” or
“.tif”) shall be deemed to be their original signatures for all purposes. 
 Section 10.10
Governing Laws. THIS INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN SUCH STATE, WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS THEREOF (OTHER THAN
SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

Section 10.11 No Adverse Interpretation of Other Agreements. This Indenture may not be used to
interpret another indenture, loan or debt agreement of the Company or a Subsidiary of the Company. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 

Section 10.12 Successors. All agreements of the Company in this Indenture and the Securities shall
bind its successor. All agreements of the Trustee in this Indenture shall bind its successor. 

  
 - 34 - 

 Section 10.13 Severability. In case any
provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 10.14 Table of Contents, Headings, Etc. The Table of Contents, Cross-Reference Table, and
headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof. 

ARTICLE XI 
 
SINKING FUNDS 
 Section 11.1 Applicability of Article. The provisions of this Article
shall be applicable to any sinking fund for the retirement of the Securities of a Series, except as otherwise permitted or required by any form of Security of such Series issued pursuant to this Indenture. 

The minimum amount of any sinking fund payment provided for by the terms of the Securities of any Series is herein referred to as a
“mandatory sinking fund payment” and any other amount provided for by the terms of Securities of such Series is herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of any Series,
the cash amount of any sinking fund payment may be subject to reduction as provided in Section 11.2. Each sinking fund payment shall be applied to the redemption of Securities of any Series as provided for by the terms of the Securities of such
Series. 
 Section 11.2 Satisfaction of Sinking Fund Payments with Securities. The Company may,
in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made pursuant to the terms of such Securities (a) deliver outstanding Securities of such Series to which such sinking fund payment
is applicable (other than any of such Securities previously called for mandatory sinking fund redemption) and (b) apply as credit Securities of such Series to which such sinking fund payment is applicable and which have been repurchased by the
Company or redeemed either at the election of the Company pursuant to the terms of such Series of Securities (except pursuant to any mandatory sinking fund) or through the application of permitted optional sinking fund payments or other optional
redemptions pursuant to the terms of such Securities, provided that such Securities have not been previously so credited. Such Securities shall be received by the Trustee, together with an Officers’ Certificate with respect thereto, not later
than 15 days prior to the date on which the Trustee begins the process of selecting Securities for redemption, and shall be credited for such purpose by the Trustee at the price specified in such Securities for redemption through operation of the
sinking fund and the amount of such sinking fund payment shall be reduced accordingly. If as a result of the delivery or credit of Securities in lieu of cash payments pursuant to this Section 11.2, the principal amount of Securities of such
Series to be redeemed in order to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not call Securities of such Series for redemption, except upon receipt of a Company Order that such action be taken, and such cash
payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment; provided, however, that the Trustee or such Paying Agent shall from time to time upon receipt of a Company Order pay over
and deliver to the Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by the Company to the Trustee of Securities of that Series purchased by the Company having an unpaid principal amount equal to the cash
payment required to be released to the Company. 
 Section 11.3 Redemption of Securities for Sinking
Fund. Not less than 45 days (unless otherwise indicated in the Board Resolution, supplemental indenture or Officers’ Certificate in respect of a particular Series of Securities) prior to each sinking fund payment date for any Series of
Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that Series pursuant to the terms of that Series, the portion thereof, if 

  
 - 35 - 

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

  
 - 36 - 

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

			
	COLONY BANKCORP, INC.

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee

 
			
		
	By:	 	  

		 	Name:
		 	Title:

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