Document:

Office Lease Agreement

 Exhibit 10.5 
  
 EXECUTION VERSION 
  
 SINGLE TENANT 
 OFFICE LEASE AGREEMENT

  
 OPUS WEST, LP 
 Landlord 
  
 and 
  
 HORIZON HEALTH CORPORATION 
 Tenant 
  
 Effective Date: May 6, 2005 
  
 Single Tenant Office Lease Agreement 
 Horizon Health Corporation 
  

  
 TABLE OF CONTENTS

  

			
	 Article 1 LEASE OF PREMISES AND LEASE TERM
	  	3
		
	 1.1 Premises
	  	3
		
	 1.2 Term Delivery Commencement Extension
	  	3
		
	 1.2.1 Commencement and Expiration of Term
	  	3
		
	 1.2.2 Tender of Possession
	  	3
		
	 1.2.3 Commencement Date Memorandum
	  	3
		
	 1.2.4 Early Occupancy
	  	3
		
	 1.2.5 Extension Option
	  	4
		
	 1.2.6 Selection of Fair Market Basic Rent
	  	4
		
	 1.3 Effect of Occupancy
	  	5
		
	 Article 2 RENTAL AND OTHER PAYMENTS
	  	5
		
	 2.1 Basic Rent
	  	5
		
	 2.2 Additional Rent
	  	5
		
	 2.3 Delinquent Rental Payments
	  	6
		
	 2.4 Independent Obligations
	  	6
		
	 Article 3 PROPERTY TAXES AND OPERATING EXPENSES
	  	6
		
	 3.1 Utilities
	  	6
		
	 3.2 Payment of Property Expenses
	  	6
		
	 3.3 Estimation of Property Expenses
	  	6
		
	 3.4 Payment of Estimated Property Expenses
	  	6
		
	 3.5 Re-Estimation of Property Expenses
	  	7
		
	 3.6 Confirmation of Property Expenses
	  	7
		
	 3.7 Tenant’s Inspection and Audit Rights
	  	7
		
	 3.8 Personal Property Taxes
	  	7

  

 i 

			
	 3.9 Landlord’s Right to Contest Property Taxes
	  	8
		
	 3.10 Waiver
	  	8
		
	 Article 4 USE
	  	8
		
	 4.1 Permitted Use
	  	8
		
	 4.2 Acceptance of Premises
	  	8
		
	 4.3 Increased Insurance
	  	9
		
	 4.4 Laws/Building Rules
	  	9
		
	 4.5 Signs
	  	9
		
	 Article 5 HAZARDOUS MATERIALS
	  	10
		
	 5.1 Compliance with Hazardous Materials Laws
	  	10
		
	 5.2 Notice of Actions
	  	10
		
	 5.3 Disclosure and Warning Obligations
	  	10
		
	 5.4 Indemnification
	  	10
		
	 Article 6 SERVICES
	  	11
		
	 6.1 Landlord’s Obligations
	  	11
		
	 6.2 Tenant’s Obligations
	  	11
		
	 6.3 Other Provisions Relating to Services
	  	11
		
	 6.4 Tenant Devices
	  	11
		
	 Article 7 MAINTENANCE AND REPAIR
	  	12
		
	 7 1 Landlord’s Obligations
	  	12
		
	 7.2 Tenant’s Obligations
	  	12
		
	 7.3 Alterations Required by Laws
	  	12
		
	 Article 8 CHANGES AND ALTERATIONS
	  	13
		
	 8.1 Landlord Approval
	  	13
		
	 8.2 Tenant’s Responsibility for Cost and Insurance
	  	13

  

 ii 

			
	 8.3 Construction Obligations and Ownership
	  	14
		
	 8.4 Liens
	  	14
		
	 8.5 Indemnification
	  	14
		
	 Article 9 RIGHTS RESERVED BY LANDLORD
	  	14
		
	 9.1 Landlord’s Entry
	  	14
		
	 9.2 Control of Property
	  	15
		
	 9.3 Lock Box Agent/Rent Collection Agent
	  	15
		
	 Article 10 INSURANCE
	  	15
		
	 10.1 Tenant’s Insurance Obligations
	  	15
		
	 10.1.1 Liability Insurance
	  	16
		
	 10.1.2 Property Insurance
	  	16
		
	 10.1.3 Other Insurance
	  	16
		
	 10.1.4 Miscellaneous Insurance Provisions
	  	16
		
	 10.1.5 Tenant’s Waiver and Release of Claims and Subrogation
	  	16
		
	 10.1.6 No Limitation
	  	17
		
	 10.2 Landlord’s Insurance Obligations
	  	17
		
	 10.2.1 Property Insurance
	  	17
		
	 10.2.2 Liability Insurance
	  	17
		
	 10.2.3 Landlord’s Waiver and Release of Claims and Subrogation
	  	17
		
	 10.3 Tenant’s Indemnification of Landlord
	  	18
		
	 10.4 Tenant’s Waiver
	  	18
		
	 10.5 Tenant’s Failure to Injure
	  	18
		
	 Article 11 DAMAGE OR DESTRUCTION
	  	18
		
	 11.1 Tenantable Within 180 Days
	  	18
		
	 11.2 Not Tenantable Within 180 Days
	  	19

  

 iii 

			
	 11.3 Insufficient Proceeds
	  	19
		
	 11.4 Landlord’s Repair Obligations
	  	19
		
	 11.5 Rent Apportionment Upon Termination
	  	19
		
	 11.6 Exclusive Casualty Remedy
	  	20
		
	 Article 12 EMINENT DOMAIN
	  	20
		
	 12.1 Termination of Lease
	  	20
		
	 12.2 Landlord’s Repair Obligations
	  	20
		
	 12.3 Tenant’s Participation
	  	20
		
	 12.4 Exclusive Taking Remedy
	  	20
		
	 Article 13 TRANSFERS
	  	21
		
	 13.1 Restriction on Transfers
	  	21
		
	 13.1.1 General Prohibition
	  	21
		
	 13.1.2 Transfers to Affiliates
	  	21
		
	 13.1.3 Tenant’s Right to Mortgage
	  	21
		
	 13.2 Costs
	  	22
		
	 Article 14 DEFAULTS; REMEDIES
	  	22
		
	 14.1 Events of Default
	  	22
		
	 14.1.1 Failure to Pay Rent
	  	22
		
	 14.1.2 Failure to Perform
	  	22
		
	 14.1.3 Misrepresentation
	  	22
		
	 14.1.4 Other Defaults
	  	23
		
	 14.1.5 Notice Requirements
	  	23
		
	 14.2 Remedies
	  	23
		
	 14.2.1 Termination of Tenant’s Possession; Re-entry and Reletting Right. 23
	  	23

  

 iv 

			
	 14.2.2 Termination of Lease
	  	24
		
	 14.2.3 [Intentionally deleted]
	  	24
		
	 14.2.4 Self Help
	  	24
		
	 14.2.5 Other Remedies
	  	24
		
	 14.3 Costs
	  	24
		
	 14.4 Waiver and Release by Tenant
	  	25
		
	 14.5 Landlord’s Default
	  	25
		
	 14.6 No Waiver
	  	25
		
	 Article 15 CREDITORS: ESTOPPEL CERTIFICATES
	  	25
		
	 15.1 Subordination
	  	25
		
	 15.2 Attornment
	  	26
		
	 15.3 Mortgagee Protection Clause
	  	26
		
	 15.4 Estoppel Certificates
	  	26
		
	 15.4.1 Contents
	  	26
		
	 15.4.2 Failure to Delivery
	  	27
		
	 Article 16 TERMINATION OF LEASE
	  	27
		
	 16.1 Surrender of Premises
	  	27
		
	 16.2 Holding Over
	  	27
		
	 Article 17 ADDITIONAL PROVISIONS
	  	28
		
	 17.1 Initial Improvements
	  	28
		
	 17.1.1 Building Improvements
	  	28
		
	 17.1.2 Tenant Improvements
	  	28
		
	 17.2 Parking
	  	28
		
	 Article 18 MISCELLANEOUS PROVISIONS
	  	28
		
	 18.1 Notices
	  	28

  

 v 

			
	 18.2 Transfer of Landlord’s Interest
	  	28
		
	 18.3 Successors
	  	29
		
	 18.4 Captions and Interpretation
	  	29
		
	 18.5 Relationship of Parties
	  	29
		
	 18.6 Entire Agreement; Amendment
	  	29
		
	 18.7 Severability
	  	29
		
	 18.8 Landlord’s Limited Liability
	  	29
		
	 18.9 Survival
	  	29
		
	 18.10 Attorneys Fees
	  	30
		
	 18.11 Brokers
	  	30
		
	 18.12 Governing Law
	  	30
		
	 18.13 Time is of the Essence
	  	30
		
	 18.14 Joint and Several Liability
	  	30
		
	 18.15 Tenant’s Waiver
	  	30
		
	 18.16 Tenant’s Organization Documents; Authority
	  	30
		
	 18.17 Provisions are Covenants and Conditions
	  	31
		
	 18.18 Force Majeure
	  	31
		
	 18.19 Management
	  	31
		
	 18.20 Quiet Enjoyment
	  	31
		
	 18.21 No Recording
	  	31
		
	 18.22 Nondisclosure of Lease Terms
	  	31
		
	 18.23 Construction of Lease and Terms
	  	32

  

 vi 

  
 EXHIBITS: 
  

			
	 Exhibit “A”
	 	Definitions
	 Exhibit “B”
	 	Legal Description of the Land
	 Exhibit “B-1”
	 	Site Plan
	 Exhibit “C”
	 	Work Letter
	 Exhibit “C-2”
	 	List of Design Documents
	 Exhibit “D”
	 	Commencement Date Memorandum
	 Exhibit “E”
	 	Building Rules

  
 SCHEDULES 

 

			
	 Schedule “C-2”
	 	Outline Specifications for Base Building

  

 vii 

  
 OFFICE LEASE AGREEMENT

  
 This Office Lease Agreement is made and entered into as of
the Effective Date by and between OPUS WEST LP, a Delaware limited partnership, as Landlord, and HORIZON HEALTH CORPORATION, a Delaware corporation, as Tenant. 
  
 DEFINITIONS 
  
 Capitalized terms used in this Lease have the meanings ascribed to them on the attached EXHIBIT A. 
  
 BASIC TERMS 
  
 The following Basic Terms are applied under and governed by the particular
section(s) in this Lease pertaining to the following information: 
  

							
	 1.      
	 	Premises:	  	All of the rentable square feet contained in the Building currently contemplated to be 80,000 rentable square feet.
			
	 2.      
	 	Lease Term:	  	Ten (10) Lease Years (120 months) (See Section 1.2)
			
	 	 	Renewal Options:	  	Two periods of five-years each (See Section 1.2.5)
			
	 3.      
	 	Delivery Date:	  	April 1, 2006 (See Section 1.2)
			
	 4.      
	 	Basic Rent:	  	 
				
	 	 	 Months

	  	 Annual Basic Rent per rentable square
foot of the Premises (RSF)

	  	 Monthly Installments

	 	 	 1 through 12
	  	$14.50	  	$72,500.00
	 	 	 	  	 	  	[based on 60,000 RSF]
	 	 	 13 through 24
	  	$14.50	  	$84,583.00
	 	 	 	  	 	  	[based on 70,000 RSF]
	 	 	 25 through 60
	  	$14.50	  	$96,666.67
	 	 	 	  	 	  	[based on 80,000 RSF]
	 	 	 61 through 120
	  	$15.95	  	$106,333.33
	 	 	 	  	 	  	[based on 80,000 RSF]
			
	 	 	Renewal Term:	  	Market rent determined in accordance with Section 1.2.5
			
	 5.      
	 	Security Deposit:	  	None required

  

 Single Tenant Office Lease Agreement 
 Horizon Health Corporation - 1 

					
	 6.
	 	Rentable Area of the Building	  	80,000 square feet of rentable area
			
	 7.
	 	Estimated Operating Expenses for first year of operation (but not including electricity):	  	$7.00 RSF
			
	 8.
	 	Improvement Allowance:	  	$3,208,000
			
	 90.
	 	Rent Payment Address:	  	 Opus West Management Corporation
 2555 East Camelback
Road, #840
 Phoenix, Arizona 85016
 Attn: Accounts Receivable
– Horizon Health
 Telephone: (602) 912-8880
 Facsimile:
(602) 912-8881

			
	 10.
	 	Address of Landlord for Notices:	  	 Opus West Corporation
 15455 Dallas Parkway, Suite
450
 Dallas, Texas 75001
 Attn: Real Estate Director

Telephone: (972) 448-0615
 Facsimile: (972) 669-2216
  
 Opus West Corporation
 2555 East Camelback Road, #800
 Phoenix, Arizona 85016
 Attn: Legal Department
 Telephone: (602) 912-8880
 Facsimile: (602) 912-8881

			
	 11.
	 	Address of Tenant for Notices:	  	 Horizon Health Corporation
 1500 Waters Ridge
Drive
 Lewisville, Texas 75057
 Attn: Chief Financial
Officer
 Telephone: (972) 420-8222
 Facsimile: (972)
219-1710
  
 Horizon Health Corporation
 1500 Waters Ridge Drive
 Lewisville, Texas 75057
 Attn: General Counsel
 Telephone: (972) 420-8220
 Facsimile: (972) 222-4367 ‘

			
	 12.
	 	Initial Property Manager:	  	FACServices, Inc.
			
	 13.
	 	Broker(s):	  	 Paul Whitman
 The Staubach Company-Southwest,
Inc.
 (See Section 18.11)

  

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 Horizon Health Corporation - 2 

  
 ARTICLE 1 

LEASE OF PREMISES AND LEASE TERM 
  
 1.1 Premises. Subject to the satisfaction of Landlord’s Condition (as defined in Section 1.4 below), in consideration of the mutual covenants
this Lease describes and other good and valuable consideration, Landlord leases the Premises to Tenant and Tenant leases the Premises from Landlord, upon and subject to the terms, covenants and conditions set forth in this Lease. The rentable area
of the Premises is the rentable area specified in the Basic Terms. Upon completion of construction of the Building, BOKA Powell Architects will determine the rentable area of the Premises substantially in accordance with BOMA Standards. If BOKA
Powell Architects determines, in accordance with BOMA Standards, that the rentable area of the Premises differs from the rentable area specified in the Basic Terms, Landlord and Tenant will amend this Lease accordingly. 
  
 1.2 Term, Delivery Commencement Extension. 
  
 1.2.1 Commencement and Expiration of Term. The Term
of this Lease is the period stated in the Basic Terms. The Term commences on the Commencement Date and expires on the last day of the last calendar month of the Term. 
  
 1.2.2 Tender of Possession. Landlord will use commercially reasonable efforts to tender possession of
the Premises to Tenant on or before the Delivery Date, subject to the terms of the Work Letter attached hereto as Exhibit C (the “Work Letter”). 
  
 1.2.3 Commencement Date Memorandum. Within a reasonable time after the Commencement Date, Landlord
will deliver to Tenant the Commencement Date Memorandum with all blanks relating to dates completed with dates Landlord derives in accordance with this Lease. Tenant, within 10 days after receipt from Landlord, will execute and deliver to Landlord
the Commencement Date Memorandum. Tenant’s failure to execute and deliver to Landlord the Commencement Date Memorandum does not affect any obligation of Tenant under this Lease. If Tenant does not timely execute and deliver to Landlord the
Commencement Date Memorandum, Landlord and any prospective purchaser or encumbrancer may conclusively rely on the information contained in the unexecuted Commencement Date Memorandum Landlord delivered to Tenant. 
  
 1.2.4 Early Occupancy. Tenant will not occupy the
Premises before Substantial Completion without Landlord’s prior written consent, which consent Landlord may grant, withhold or condition in its good faith business judgment. If Landlord consents, Tenant, during the early occupancy period, may
only install Tenant’s furniture, fixtures and equipment in the Premises and must comply with and observe all terms and conditions of this Lease (other than Tenant’s obligation to pay Basic Rent), including those provisions applicable
thereto in Section 4 of the Work Letter. 
  

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 1.2.5 Extension Option. Provided that no Event of Default exists at the time of
exercise, Tenant may extend the term of this Lease for up to two (2) consecutive periods of five (5) years each. Tenant must exercise each such right of extension within thirty (30) days after receiving written notice of Landlord setting forth the
Fair Market Basic Rent (as defined below) for the applicable extension. Landlord will reasonably determine such Fair Market Basic Rent and, subject to Section 1.2.6 below, deliver Landlord’s determination to Tenant at least nine (9) months
prior to the expiration of the then-current term. “Fair Market Basic Rent” means the fair market base rental rate for the Premises for the applicable extension period in relation to comparable (in quality, location and size) space
located in the Building and/or the Lewisville, Texas submarket, with due consideration given to the following factors regarding the Premises and Tenant, on the one hand, and the comparable space(s) and tenant(s), on the other hand: (a) the financial
condition of the tenant; (b) the location, quality and age of the building(s); (c) the extent and quality of leasehold improvements (existing or to be provided) in the premises; (d) rent abatements, if any; (e) the location of the premises within
the building; (f) the length of the term; (g) the nature and extent of services provided by the landlord; (h) expense stops, if any; (i) any other concessions given; and (j) other pertinent factors. The Basic Rent for the extension term shall be
equal to 95% of the Fair Market Basic Rent. In no event will the Basic Rent for an extension of the Lease term be less than the Basic Rent (exclusive of temporary abatements) payable by Tenant for the Lease Year immediately prior to commencement of
the applicable extension period. If Tenant elects to exercise its right of extension, all of the terms of this Lease shall apply except that the Basic Rent shall be adjusted as provided in this Section 1.2. These extension rights may not be assigned
or transferred in any manner except in connection with an approved or otherwise permitted assignment of this Lease under Article 13. 
  
 1.2.6 Selection of Fair Market Basic Rent. If Tenant disputes Landlord’s determination of Fair Market Basic Rent for an
extension of the Term, Tenant will deliver notice of such dispute, together with Tenant’s proposed Fair Market Basic Rent, to Landlord within thirty (30) days of Tenant’s receipt of Landlord’s determination. The parties will then
attempt in good faith to agree upon the Fair Market Basic Rent. If the parties fail to agree within 15 days, then either party shall be entitled to give notice to the other electing to have the Fair Market Basic Rent selected by an appraiser as
provided in this section. Upon delivery and receipt of such notice, the parties will within seven days thereafter mutually appoint an appraiser who will select (in the manner set forth below) the Fair Market Basic Rent (the “Deciding
Appraiser”). The Deciding Appraiser must have at least five years of full-time commercial appraisal experience with projects comparable to the Property and be a member of the American Institute of Real Estate Appraisers or a similar
appraisal association. The Deciding Appraiser may not have any material financial or business interest in common with either of the parties. If Landlord and Tenant are not able to agree upon a Deciding Appraiser within such seven days, each party
will within five days thereafter separately select an appraiser meeting the criteria set forth above, which two appraisers will, within seven days of their selection, mutually appoint a third appraiser meeting the criteria set forth above (and who
also does not have any material financial or business interest in common with either of the two selecting appraisers) to be the Deciding Appraiser. Within seven days of the appointment (by either method) of the Deciding Appraiser, Landlord and
Tenant will submit to the Deciding Appraiser their respective determinations of Fair Market Basic Rent and any related information. Within 21 days of such appointment of the Deciding Appraiser, the Deciding Appraiser will review each party’s
submittal (and such other information as the Deciding Appraiser deems necessary) and will select, in total and without modification, the submittal presented by either Landlord or Tenant as the Fair Market Basic Rent; provided, however, that in no
event will Fair 

  

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 Horizon Health Corporation - 4 

 
Market Basic Rent for an extension of the Term be less than the Basic Rent (exclusive of temporary abatements) payable by Tenant immediately prior to
commencement of the applicable extension period. Subject to the previous sentence, if the Deciding Appraiser timely receives one party’s submittal, but not both, the Deciding Appraiser must designate the submitted proposal as the Fair Market
Basic Rent for the applicable extension of the Term. Any determination of Fair Market Basic Rent made by the Deciding Appraiser in violation of the provisions of this section shall be beyond the scope of authority of the Deciding Appraiser and shall
be null and void. If the determination of Fair Market Basic Rent is made by a Deciding Appraiser, Landlord and Tenant will each pay, directly to the Deciding Appraiser, one-half ( 1/2) of all fees, costs and expenses of the Deciding Appraiser. Landlord and Tenant will each separately pay all costs, fees and expenses of their respective additional appraiser
(if any) used to determine the Deciding Appraiser. 
  
 1.3
Effect of Occupancy. Subject to the Warranty Terms, Tenant’s occupancy of the Premises conclusively establishes that Landlord completed the Improvements as required by this Lease in a manner satisfactory to Tenant. Tenant’s failure
to strictly comply with the Warranty Terms with respect to any item included as part of the Improvements constitutes Tenant’s waiver and release of any and all rights, benefits, claims or warranties available to Tenant under this Lease, at law
or in equity in connection with each such item. 
  
 ARTICLE 2

 RENTAL AND OTHER PAYMENTS 
  
 2.1 Basic Rent. Tenant will pay Basic Rent in monthly installments to Landlord, in advance, without offset or deduction, commencing on the Rent
Commencement Date and continuing on the first day of each and every calendar month after the Rent Commencement Date during the Term. Tenant will make all Basic Rent payments to Landlord at the address specified in the Basic Terms or at such other
place or in such other manner as Landlord may from time to time designate in writing. Tenant will make all Basic Rent payments without Landlord’s previous demand, invoice or notice for payment. Landlord and Tenant will prorate, on a per diem
basis, Basic Rent for any partial month within the Term. 
  
 2.2
Additional Rent. Article 3 of this Lease requires Tenant to pay certain Additional Rent pursuant to estimates Landlord delivers to Tenant. Tenant will make all payments of estimated Additional Rent in accordance with Sections 3.3 and 3.4
without deduction or offset and without Landlord’s previous demand, invoice or notice for payment. Tenant will pay all other Additional Rent described in this Lease that is not estimated under Sections 3.3 and 3.4 within 10 days after receiving
Landlord’s invoice for such Additional Rent. Tenant will make all Additional Rent payments to the same location and, except as described in the previous sentence, in the same manner as Tenant’s Basic Rent payments. 
  

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 Horizon Health Corporation - 5 

 2.3 Delinquent Rental Payments. If Tenant does not pay any installment of Basic Rent or any
Additional Rent within three Business Days after the date the payment is due, Tenant will pay Landlord an additional amount equal to the greater of (a) interest on the delinquent payment calculated at the Maximum Rate from the date when the payment
is due through the date the payment is made, or (b) a late payment charge equal to 5% of the amount of the delinquent payment. Landlord’s right to such compensation for the delinquency is in addition to all of Landlord’s rights and
remedies under this Lease, at law or in equity. 
  
 2.4
Independent Obligations. Notwithstanding any contrary term or provision of this Lease, Tenant’s covenant and obligation to pay Rent is independent from any of Landlord’s covenants, obligations, warranties or representations in this
Lease. Tenant will pay Rent without any right of offset or deduction. 
  
 ARTICLE 3 
 PROPERTY TAXES AND OPERATING EXPENSES 
  
 3.1 Utilities. Tenant shall pay the cost of all separately metered utilities used by the Premises directly to the
applicable utility companies furnishing such utilities. 
  
 3.2
Payment of Property Expenses. Tenant will pay, as Additional Rent and in the manner this Article 3 describes, Property Expenses due and payable during any calendar year of the Term. Landlord will prorate Property Expenses due and payable
during the calendar year in which the Lease commences or terminates as of the Commencement Date or termination date, as applicable, on a per diem basis based on the number of days of the Term within such calendar year. 
  
 3.3 Estimation of Property Expenses. Landlord will deliver to Tenant a
written estimate of the following for each calendar year of the Term: (a) Property Taxes, (b) Operating Expenses and (d) the annual and monthly Additional Rent attributable to Property Expenses. 
  
 3.4 Payment of Estimated Property Expenses. Tenant will pay the amount
Landlord estimates as Property Expenses under Section 3.2 for each calendar year of the Term in equal monthly installments, in advance, on the first day of each month during such calendar year. If Landlord has not delivered the estimates to Tenant
by the first day of January of the applicable calendar year, Tenant will continue paying Property Expenses based on Landlord’s estimates for the previous calendar year. When Tenant receives Landlord’s estimates for the current calendar
year, Tenant will pay the estimated amount (less amounts Tenant paid to Landlord in accordance with the immediately preceding sentence) in equal monthly installments over the balance of such calendar year, with the number of installments being equal
to the number of full calendar months remaining in such calendar year. 
  

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 3.5 Re-Estimation of Property Expenses. Landlord may re-estimate Property Expenses from time to
time during the Term. In such event, Landlord will re-estimate the monthly Additional Rent attributable to Property Expenses to an amount sufficient for Tenant to pay the re-estimated monthly amount over the balance of the calendar year. Landlord
will notify Tenant of the re-estimate and Tenant will pay the re-estimated amount in the manner provided in the last sentence of Section 3.3. 
  
 3.6 Confirmation of Property Expenses. After the end of each calendar year within the Term, Landlord will determine the actual amount of Property
Expenses for the expired calendar year and deliver to Tenant a written statement of such amounts. If Tenant paid less than the actual amount of Property Expenses specified in the statement, Tenant will pay the difference to Landlord as Additional
Rent in the manner Section 2.2 describes. If Tenant paid more than the actual amount of Property Expenses specified in the statement, Landlord, at Landlord’s option, will either (a) refund the excess amount to Tenant, or (b) credit the excess
amount against Tenant’s next due monthly installment or installments of estimated Additional Rent. If Landlord is delayed in delivering such statement to Tenant, such delay does not constitute Landlord’s waiver of Landlord’s rights
under this section. 
  
 3.7 Tenant’s Inspection and Audit
Rights. If Tenant is not in default in the performance of any of its obligations under this Lease, Tenant disputes Landlord’s determination of the actual amount of Property Expenses for any calendar year and Tenant delivers to Landlord
written notice of the dispute within 30 days after Landlord’s delivery of the statement of such amount under Section 3.5, then Tenant (but not any subtenant or assignee), at its sole cost and expense, upon prior written notice and during
regular business hours at a time and place reasonably acceptable to Landlord (which may be the location where Landlord maintains the applicable records), may audit Landlord’s records relating to the disputed amounts; provided, however, if the
audit is to be performed by a third party, such third party (i) shall be a certified public accountant reasonably acceptable to Landlord and (ii) shall not be compensated by Tenant on a contingency fee basis, and (iii) shall have agreed with
Landlord in writing to keep the results of such audit confidential. Tenant’s objection to Landlord’s determination of Property Expenses is deemed withdrawn unless Tenant completes and delivers the audit to Landlord within 60 days after the
date Tenant delivers its dispute notice to Landlord under this section. If the audit shows that the amount Landlord charged Tenant for Property Expenses was greater than the amount this Article 3 obligates Tenant to pay, then, unless Landlord
reasonably contests the audit, Landlord will refund the excess amount to Tenant, together with interest on the excess amount at the Maximum Rate (computed from the date Tenant delivers its dispute notice to Landlord) within 10 days after Landlord
receives a copy of the audit report. If the audit shows that the amount Landlord charged Tenant for Property Expenses was less than the amount this Article 3 obligates Tenant to pay, Tenant will pay to Landlord, as Additional Rent, the difference
between the amount Tenant paid and the amount determined in the audit. Pending resolution of any audit under this section, Tenant will continue to pay to Landlord the estimated amounts of Property Expenses in accordance with Sections 3.3 and 3.4.
Tenant must keep all information it obtains in any audit strictly confidential and may only use such information for the limited purpose this section describes and for Tenant’s own account. 
  
 3.8 Personal Property Taxes. Tenant, prior to delinquency, will pay
all taxes charged against Tenant’s trade fixtures and other personal property. Tenant will use all reasonable efforts to have such trade fixtures and other 

  

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personal property taxed separately from the Property. If any of Tenant’s trade fixtures and other personal property are taxed with the Property, Tenant
will pay the taxes attributable to Tenant’s trade fixtures and other personal property to Landlord as Additional Rent. 
  
 3.9 Landlord’s Right to Contest Property Taxes. Landlord is not obligated to but may contest the amount or validity, in whole or in part, of
any Property Taxes. Landlord’s contest will be at Landlord’s sole cost and expense, except that if Property Taxes are reduced (or if a proposed increase is avoided or reduced) because of Landlord’s contest, Landlord may include in its
computation of Property Taxes the costs and expenses Landlord incurred in connection with the contest, including, but not limited to, reasonable attorneys fees, up to the amount of any Property Tax reduction Landlord realized from the contest or any
Property Tax increase avoided or reduced in connection with the contest, as the case may be. Tenant may not contest Property Taxes but may request that Landlord contest Property Taxes on the condition that Tenant pay all Landlord’s
out-of-pocket costs and expenses incurred in connection therewith. Landlord will not be obligated to contest Property Taxes following Tenant’s request at any time there is less than two full years remaining on the Term. 
  
 3.10 Waiver. Landlord and Tenant are knowledgeable and experienced in
commercial transactions and agree that the provisions of this Lease for determining charges, amounts and rent payable by Tenant (including without limitation, payments under this Article 3) are commercially reasonable and valid even though such
methods may not state a precise mathematical formula for determining such charges. ACCORDINGLY, TENANT VOLUNTARILY AND KNOWINGLY WAIVES ALL RIGHTS AND BENEFITS OF TENANT UNDER SECTION 93.004 OF THE TEXAS PROPERTY CODE, AS AMENDED FROM TIME TO
TIME. 
  
 ARTICLE 4 
 USE 
  
 4.1 Permitted Use. Tenant will not vacate the Premises prior to the expiration of the Term without Landlord’s prior written consent, which
consent Landlord may grant or withhold in its sole and absolute discretion. Tenant will not use the Premises for any purpose other than general office purposes. Tenant will not use the Property or knowingly permit the Premises to be used in
violation of any Laws or in any manner that would (a) violate any certificate of occupancy affecting the Property; (b) make void or voidable any insurance now or after the Effective Date in force with respect to the Property; (c) cause injury or
damage to the Property; (d) cause substantial diminution in the value or usefulness of all or any part of the Property (reasonable wear and tear excepted); or (e) constitute a public or private nuisance or waste. Tenant will obtain and maintain, at
Tenant’s sole cost and expense, all permits and approvals required under the Laws for Tenant’s use of the Premises. 
  
 4.2 Acceptance of Premises. Except for the Warranty Terms, Tenant acknowledges that neither Landlord nor any agent, contractor or employee of
Landlord has made any representation or warranty of any kind with respect to the Building or the Property, specifically including, but not limited to, any 

  

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representation or warranty of suitability or fitness of the Building or the Property for any particular purpose. Subject to the Warranty Terms, Tenant
accepts the Building and the Property in an “AS IS - WHERE IS” condition. 
  
 4.3 Increased Insurance. Tenant will not do on the Property or permit to be done on the Premises anything that will (a) increase the premium of any
insurance policy Landlord carries covering the Premises or the Property; (b) cause a cancellation of or be in conflict with any such insurance policy; (c) result in any insurance company’s refusal to issue or continue any such insurance in
amounts satisfactory to Landlord; or (d) subject Landlord to any liability or responsibility for injury to any person or property by reason of Tenant’s operations in the Premises or use of the Property. Tenant, at Tenant’s sole cost and
expense, will comply with all rules, orders, regulations and requirements of insurers and of the American Insurance Association or any other organization performing a similar function. Tenant will reimburse Landlord, as Additional Rent, for any
additional premium charges for such policy or policies resulting from Tenant’s failure to comply with the provisions of this section. 
  
 4.4 Laws/Building Rules. This Lease is subject and subordinate to all Laws. A copy of the current Building Rules is attached to this Lease as
EXHIBIT E. Landlord may amend the Building Rules from time to time in Landlord’s sole and absolute discretion. 
  
 4.5 Signs. Tenant may erect signs on the exterior of the Building or on the landscaped area adjacent thereto, provided that such sign or signs (a)
do not cause any structural damage or other damage to the Building; (b) do not violate applicable governmental laws, ordinances, rules or regulations; (c) do not violate any existing covenants, conditions or restrictions affecting the Demised
Premises; and (d) are compatible with the architecture of the Building and the landscaped area adjacent thereto. Tenant may not install any exterior sign until it has obtained all necessary governmental and quasi-governmental approvals therefor, all
third party approvals, and Landlord’s reasonable approval as to the size, location, design and all other aspects thereof. When Tenant requests Landlord’s approval of any such sign, Tenant will concurrently submit to Landlord the proposed
fabrication drawings thereof. Landlord’s consent to such sign shall be granted or withheld within five (5) business days following Tenant’s written request therefor accompanied by the documentation required above. If Landlord has failed to
respond within said five business-day period, Tenant may give Landlord a second notice of Landlord’s failure to respond, and if Landlord does not grant or reasonably withhold its approval of such sign within ten (10) days after receipt of such
second notice, Landlord’s approval shall be deemed granted. Tenant must remove such signage prior to the expiration or earlier termination of this Lease, and must repair and restore any damage to the Demised Premises caused by such installation
and/or removal. 
  

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 ARTICLE 5 

HAZARDOUS MATERIALS 
  
 5.1 Compliance with Hazardous Materials Laws. Tenant will not cause any Hazardous Material to be brought upon, kept or used on the Property in a
manner or for a purpose prohibited by or that could result in liability under any Hazardous Materials Law. Tenant, at its sole cost and expense, will comply with all Hazardous Materials Laws and prudent industry practice relating to the presence,
treatment, storage, transportation, disposal, release or management of Hazardous Materials in, on, under or about the Property required for Tenant’s use of the Premises and will notify Landlord of any and all Hazardous Materials Tenant brings
upon, keeps or uses on the Property (other than small quantities of office cleaning or other office supplies as are customarily used by a tenant in the ordinary course in a general office facility). On or before the expiration or earlier termination
of this Lease, Tenant, at its sole cost and expense, will completely remove from the Property (regardless whether any Hazardous Materials Law requires removal), in compliance with all Hazardous Materials Laws, all Hazardous Materials Tenant causes
to be present in, on, under or about the Property. Tenant will not take any remedial action in response to the presence of any Hazardous Materials in on, under or about the Property, nor enter into any settlement agreement, consent decree or other
compromise with respect to any Claims relating to or in any way connected with Hazardous Materials in, on, under or about the Property, without first notifying Landlord of Tenant’s intention to do so and affording Landlord reasonable
opportunity to investigate, appear, intervene and otherwise assert and protect Landlord’s interest in the Property. 
  
 5.2 Notice of Actions. Tenant will notify Landlord of any of the following actions affecting Landlord, Tenant or the Property that result from or
in any way relate to Tenant’s use of the Property immediately after receiving notice of the same: (a) any enforcement, clean-up, removal or other governmental or regulatory action instituted, completed or threatened under any Hazardous
Materials Law; (b) any Claim made or threatened by any person relating to damage, contribution, liability, cost recovery, compensation, loss or injury resulting from or claimed to result from any Hazardous Material; and (c) any reports made by any
person, including Tenant, to any environmental agency relating to any Hazardous Material, including any complaints, notices, warnings or asserted violations. Tenant will also deliver to Landlord, as promptly as possible and in any event within five
Business Days after Tenant first receives or sends the same, copies of all Claims, reports, complaints, notices, warnings or asserted violations relating in any way to the Premises or Tenant’s use of the Premises. Upon Landlord’s written
request, Tenant will promptly deliver to Landlord documentation acceptable to Landlord reflecting the legal and proper disposal of all Hazardous Materials removed or to be removed from the Premises. All such documentation will list Tenant or its
agent as a responsible party and will not attribute responsibility for any such Hazardous Materials to Landlord or Property Manager. 
  
 5.3 Disclosure and Warning Obligations. Tenant acknowledges and agrees that all reporting and warning obligations required under Hazardous
Materials Laws resulting from or in any way relating to Tenant’s use of the Premises or Property are Tenant’s sole responsibility, regardless whether the Hazardous Materials Laws permit or require Landlord to report or warn. 
  
 5.4 Indemnification. Tenant will release, indemnify, defend (with
counsel reasonably acceptable to Landlord), protect and hold harmless the Landlord Parties from and against any and all Claims whatsoever arising or resulting, in whole or in part, directly or indirectly, from the presence, treatment, storage,

  

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transportation, disposal, release or management of Hazardous Materials in, on, under, upon or from the Property (including water tables and atmosphere)
resulting from or in any way related to Tenant’s use of the Premises or Property. Tenant’s obligations under this section include, without limitation and whether foreseeable or unforeseeable, (a) the costs of any required or necessary
repair, clean-up, detoxification or decontamination of the Property; (b) the costs of implementing any closure, remediation or other required action in connection therewith as stated above; (c) the value of any loss of use and any diminution in
value of the Property; and (d) consultants fees, experts fees and response costs. The obligations of Tenant under this section survive the expiration or earlier termination of this Lease. 
  
 ARTICLE 6 
 SERVICES 
  
 6.1 Landlord’s
Obligations. Landlord will provide electrical energy to the Premises for lighting and for operating office machines for general office use. Electrical energy will be sufficient for Tenant to operate personal computers and other equipment of
similar low electrical consumption, but will not be sufficient for lighting in excess of six (6) watts per square foot installed or for electrical convenience outlets in excess of six (6) watts per square foot installed. Tenant will not use any
equipment requiring electrical energy in excess of the above standards without receiving Landlord’s prior written consent, which consent Landlord will not unreasonably withhold but may condition on Tenant paying all costs of installing the
equipment and facilities necessary to furnish such excess energy. Tenant will be responsible for replacing all lighting bulbs, tubes, ballasts and starters within the Premises at Tenant’s sole cost and expense. 
  
 6.2 Tenant’s Obligations. Tenant is solely responsible for paying
directly to the applicable utility companies, prior to delinquency, all costs of electricity and all other separately metered or separately charged utilities, if any, to the Premises or to Tenant. Such electricity and other separately metered or
charged amounts are not Operating Expenses. Except as provided in Sections 6.1, 17.1 and the Work Letter, Tenant will also obtain and pay for all other utilities and services Tenant requires with respect to the Premises (including, but not limited
to, hook-up and connection charges). 
  
 6.3 Other Provisions
Relating to Services. No interruption in, or temporary stoppage of, any of the services this Article 6 describes is to be deemed an eviction or disturbance of Tenant’s use and possession of the Premises, nor does any interruption or
stoppage relieve Tenant from any obligation this Lease describes, render Landlord liable for damages or entitle Tenant to any Rent abatement. Landlord is not required to provide any heat, air conditioning, electricity or other service in excess of
that permitted by voluntary or involuntary governmental guidelines or other Laws. Landlord reserves the right, from time to time, to make reasonable and non-discriminatory modifications to the above standards for utilities and services. 

 
 6.4 Tenant Devices. 0Tenant will not, without Landlord’s prior
written consent, use any apparatus or device in or about the Premises that causes substantial noise, odor or vibration. Tenant will not connect any apparatus or device to electrical current or water except through the electrical and water outlets
Landlord installs in the Premises. 
  

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 ARTICLE 7 

MAINTENANCE AND REPAIR 
  
 7.1 Landlord’s Obligations. Except as otherwise provided in this Lease, Landlord will repair and maintain the following in good order,
condition and repair: (a) the foundations, exterior walls and roof of the Building; (b) the electrical, mechanical, plumbing, heating and air conditioning systems, facilities and components located in the Building; and (c) all driveways, pathways,
roadways, sidewalks, curbs, parking areas, loading areas, landscaped areas, entrances and passageways. Landlord’s repair and maintenance costs under this Section 7.1 are Operating Expenses. Neither Basic Rent nor Additional Rent will be
reduced, nor will Landlord be liable, for loss or injury to or interference with Tenant’s property, profits or business arising from or in connection with Landlord’s performance of its obligations under this section. 
  
 7.2 Tenant’s Obligations. Except as otherwise specifically
provided in this Lease, Landlord is not required to furnish any services or facilities, or to make any repairs or Alterations, in, about or to the Premises or the Property. Except as specifically described in Section 7.1, Tenant assumes the full and
sole responsibility for the condition, operation, repair, replacement, maintenance and management of the Premises. Except as specifically described in Section 7.1, Tenant, at Tenant’s sole cost and expense, will keep and maintain the Premises
(including, but not limited to, all non-structural interior portions, systems and equipment; interior surfaces of exterior walls; interior moldings, partitions and ceilings; and interior electrical, lighting and plumbing fixtures) in good order,
condition and repair, reasonable wear and tear and damage from insured casualties excepted. Tenant will keep the Premises in a neat and sanitary condition and will not commit any nuisance or waste in, on or about the Premises or the Property. If
Tenant damages or injures any part of the Property other than the Premises, Landlord will repair the damage and Tenant will pay Landlord for all uninsured costs and expenses of Landlord in connection with the repair as Additional Rent. Tenant is
solely responsible for and, to the fullest extent allowable under the Laws, will release, indemnify, protect and defend Landlord against (with counsel reasonably acceptable to Landlord) and hold Landlord harmless from, the cost of repairing, and any
Claims resulting from, any penetrations or perforations of the roof or exterior walls of the Building Tenant causes; provided, however, the foregoing indemnity shall not extend to penetrations or perforations made during the construction of the
Tenant Improvements pursuant to the Work Letter. Tenant will maintain the Premises in a first-class and fully operative condition. Tenant’s repairs will be at least equal in quality and workmanship to the original work and Tenant will make the
repairs in accordance with all Laws. 
  
 7.3 Alterations
Required by Laws. If any governmental authority requires any Alteration to the Building or the Premises as a result of Tenant’s particular use of the Premises or as a result of any Alteration to the Premises made by or on behalf of Tenant,
or if Tenant’s particular use of the Premises subjects Landlord or the Property to any obligation under any Laws, Tenant will pay the cost of all such Alterations or the cost of compliance, as the case may be; provided, however, the foregoing
requirement is not intended and will not be construed to apply to any Alterations or cost of compliance that is attributable solely to the use of the Premises for general office uses. If any Alterations required 

  

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to be performed by Tenant pursuant to this Section 7.3 are Structural Alterations, Landlord will make the Structural Alterations; provided, however, that
Landlord may require Tenant to deposit with Landlord an amount sufficient to pay the cost of the Structural Alterations (including, without limitation, reasonable overhead and administrative costs). If the Alterations to be performed by Tenant
pursuant to this Section 7.3 are not Structural Alterations, Tenant will make the Alterations at Tenant’s sole cost and expense in accordance with Article 8. The term “Alterations” when used in this Section 7.3 does not mean or refer
to the Tenant Improvements to be constructed by Landlord pursuant to the Work Letter. 
  
 ARTICLE 8 
 CHANGES AND ALTERATIONS 
  
 8.1 Landlord Approval. Tenant will not make any Structural Alterations
to the Building without Landlord’s consent, which consent may given or withheld in Landlord’s sole and absolute discretion. Tenant will not make any other Alterations costing in excess of $25,000 without Landlord’s prior written
consent, which consent Landlord will not unreasonably withhold or delay; provided, however, that Landlord may impose conditions in its reasonable discretion. Along with any request for Landlord’s consent, Tenant will deliver to Landlord plans
and specifications for the Alterations and names and addresses of all prospective contractors for the Alterations. If Landlord approves the proposed Alterations, Tenant, before commencing the Alterations or delivering (or accepting delivery of) any
materials to be used in connection with the Alterations, will deliver to Landlord for Landlord’s reasonable approval copies of all contracts, proof of insurance required by Section 8.2, copies of any contractor safety programs, copies of all
necessary permits and licenses and such other information relating to the Alterations as Landlord reasonably requests. Tenant will not commence the Alterations before Landlord, in Landlord’s reasonable discretion, approves the foregoing
deliveries. Tenant will construct all approved Alterations or cause all approved Alterations to be constructed (a) promptly by a contractor Landlord approves in writing in Landlord’s good faith business judgment, (b) in a good and workmanlike
manner, (c) in compliance with all Laws, (d) in accordance with all orders, rules and regulations of the Board of Fire Underwriters having jurisdiction over the Premises and any other body exercising similar functions, and (e) in full compliance
with all of Landlord’s rules and regulations applicable to third party contractors, subcontractors and suppliers performing work at the Property. 
  
 8.2 Tenant’s Responsibility for Cost and Insurance. Tenant will pay the cost and expense of all Alterations, including, without limitation, a
reasonable charge for Landlord’s review, inspection and engineering time, and for any painting, restoring or repairing of the Building the Alterations occasion. Prior to commencing the Alterations, Tenant will deliver the following to Landlord
in form and amount reasonably satisfactory to Landlord: (a) builder’s all risk insurance in an amount at least equal to the replacement value of the Building (excluding the Land, foundation, grading costs and excavation costs), (b) evidence
that Tenant and each of Tenant’s contractors have in force liability insurance insuring against construction related risks, in at least the form, amounts and coverages required of Tenant under Article 10 and (c) copies of all applicable
contracts and of all necessary permits and licenses. The insurance policies described in clauses (a) and (b) of this section must name Landlord and Landlord’s lender (if any) and Property Manager as additional insureds. 
  

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 8.3 Construction Obligations and Ownership. Landlord may inspect construction of the Alterations.
Immediately after completing the Alterations, Tenant will furnish Landlord with contractor affidavits, full and final lien waivers and receipted bills covering all labor and materials expended and used in connection with the Alterations. Tenant will
remove any Alterations Tenant constructs in violation of this Article 8 within 10 days after Landlord’s written request and in any event prior to the expiration or earlier termination of this Lease. All Alterations Tenant makes or installs
(including all telephone, computer and other wiring and cabling located within the walls of and outside the Premises, but excluding Tenant’s movable trade fixtures, furniture and equipment) become the property of Landlord upon installation and,
unless Landlord requires Tenant to remove the Alterations, Tenant will surrender the Alterations to Landlord upon the expiration or earlier termination of this Lease at no cost to Landlord. Landlord will advise Tenant within ten (10) days of any
written request from Tenant (which request may be made prior to or after the construction or installation) as to whether Landlord will require the removal of any particular Alterations as aforesaid. 
  
 8.4 Liens. Tenant will keep the Property free from any
mechanics’, materialmens’, designers’ or other liens arising out of any work performed, materials furnished or obligations incurred by or for Tenant or any person or entity claiming by, through or under Tenant. Tenant will notify
Landlord in writing 30 days prior to commencing any Alterations in order to provide Landlord the opportunity to record and post notices of non-responsibility or such other protective notices available to Landlord under the Laws. If any such liens
are filed and Tenant, within 15 days after such filing, does not release the same of record or provide Landlord with a bond or other surety satisfactory to Landlord protecting Landlord and the Property against such liens, Landlord may, without
waiving its rights and remedies based upon such breach by Tenant and without releasing Tenant from any obligation under this Lease, cause such liens to be released by any means Landlord deems proper, including, but not limited to, paying the claim
giving rise to the lien or posting security to cause the discharge of the lien. In such event, Tenant will reimburse Landlord, as Additional Rent, for all amounts Landlord pays (including, without limitation, reasonable attorneys fees and costs).

  
 8.5 Indemnification. To the fullest extent allowable
under the Laws, Tenant will release, indemnify, protect, defend (with counsel reasonably acceptable to Landlord) and hold harmless the Landlord Parties and the Property from and against any Claims in any manner relating to or arising out of any
Alterations or any other work performed, materials furnished or obligations incurred by or for Tenant or any person or entity claiming by, through or under Tenant. 
  
 ARTICLE 9 
 RIGHTS RESERVED BY LANDLORD 
  
 9.1
Landlord’s Entry. Landlord and its authorized representatives may at all reasonable times and upon reasonable notice to Tenant enter the Premises to: (a) inspect the Premises; (b) show the Premises to prospective purchasers, mortgagees
and tenants; (c) post notices of non-responsibility or other protective notices available under the Laws; or (d) exercise and perform Landlord’s rights and obligations under this Lease. Landlord, in the event of any emergency, may enter the
Premises without notice to Tenant. Landlord’s entry into the Premises is not to be construed as a forcible or unlawful entry into, or detainer of, the Premises or as an eviction of Tenant from all or any 

  

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part of the Premises. Tenant will also permit Landlord (or its designees) to erect, install, use, maintain, replace and repair pipes, cables, conduits,
plumbing and vents, and telephone, electric and other wires or other items, in, to and through the Premises if Landlord determines that such activities are necessary or appropriate for properly operating and maintaining the Building. 
  
 9.2 Control of Property. Landlord reserves all rights respecting the
Property not specifically granted to Tenant under this Lease, including, without limitation, the right to: (a) change the name of the Building; (b) designate and approve all types of signs, window coverings, internal lighting and other aspects of
the Premises and its contents that may be visible from the exterior of the Premises; (c) prohibit Tenant from installing vending or dispensing machines of any kind in or about the Premises other than those Tenant installs in the Premises solely for
use by Tenant’s employees; (d) close the Building after Business Hours, except that Tenant and its employees and invitees may access the Premises after Business Hours in accordance with such rules and regulations as Landlord may prescribe from
time to time for security purposes; (e) install, operate and maintain security systems that monitor, by closed circuit television or otherwise, all persons entering or leaving the Building; and (f) retain and receive master keys or pass keys to the
Premises and all doors in the Premises. Notwithstanding the foregoing, or the provision of any security-related services by Landlord, Landlord is not responsible for the security of persons or property on the Property and Landlord is not and will
not be liable in any way whatsoever for any breach of security not solely and directly caused by the willful misconduct of Landlord, its agents or employees. 
  
 9.3 Lock Box Agent/Rent Collection Agent. Landlord, from time to time, may designate a lock box collection agent or other person to collect Rent.
In such event, Tenant’s payment of Rent to the lock box collection agent or other person is deemed to have been made (a) as of the date the lock box collection agent or other person receives Tenant’s payment (if the payment is not
dishonored for any reason); or (b) if Tenant’s payment is dishonored for any reason, the date Landlord or Landlord’s agent collects the payment. Neither Tenant’s payment of any amount of Rent to the lock box collection agent or other
person nor Landlord’s or Landlord’s agent’s collection of such amount if the payment is dishonored constitutes Landlord’s waiver of any default by Tenant in the performance of Tenant’s obligations under this Lease or
Landlord’s waiver of any of Landlord’s rights or remedies under this Lease. If Tenant pays any amount to the lock box collection agent or other person other than the actual amount due Landlord, then Landlord’s or Landlord’s
agent’s receipt or collection of such amount does not constitute an accord and satisfaction, Landlord is not prejudiced in collecting the proper amount due Landlord and Landlord may retain the proceeds of any such payment, whether restrictively
endorsed or otherwise, and apply the same toward amounts due and payable by Tenant under this Lease. 
  
 ARTICLE 10 
 INSURANCE 
  
 10.1 Tenant’s Insurance Obligations. Tenant, at all times during
the Term and during any early occupancy period, at Tenant’s sole cost and expense, will maintain the insurance this Section 10.1 describes. 
  

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 10.1.1 Liability Insurance. Commercial general liability insurance (providing
coverage at least as broad as the current ISO form) with respect to the Premises and Tenant’s activities in the Premises and upon and about the Property, on an occurrence basis, with minimum limits of $1,000,000 each occurrence and $3,000,000
general aggregate. Such insurance must include specific coverage provisions or endorsements (a) for broad form contractual liability insurance insuring Tenant’s obligations under this Lease; (b) naming Landlord and Property Manager as
additional insureds by an Additional Insured - Managers or Lessors of Premises endorsement (or equivalent coverage or endorsement); (c) waiving the insurers subrogation rights against all Landlord Parties; (d) providing Landlord with at least 30
days prior notice of modification, cancellation, non-renewal or expiration; and (e) expressly stating that Tenant’s insurance will be provided on a primary and non-contributory basis. If Tenant provides such liability insurance under a blanket
policy, the insurance must be made specifically applicable to the Premises and this Lease on a per location basis. 
  
 10.1.2 Property Insurance. At Tenant’s option, property insurance providing coverage at least as broad as the current ISO
Special Form (all-risks) policy in an amount not less than the full insurable replacement cost of all of Tenant’s trade fixtures and other personal property within the Premises and including business income insurance covering at least nine
months loss of income from Tenant’s business in the Premises. If Tenant provides such property insurance under a blanket policy, the insurance must include agreed amount, no coinsurance provisions. 
  
 10.1.3 Other Insurance. Such other insurance as may
be required by any Laws from time to time or may reasonably be required by Landlord from time to time. If insurance obligations generally required of tenants in similar space in similar office buildings in the area in which the Premises is located
increase or otherwise change, Landlord may likewise increase or otherwise change Tenant’s insurance obligations under this Lease. 
  
 10.1.4 Miscellaneous Insurance Provisions. All of Tenant’s insurance will be written by companies rated at least Best A-VII
and otherwise reasonably satisfactory to Landlord. Tenant will deliver a certified copy of each policy, or other evidence of insurance satisfactory to Landlord, (a) on or before the Commencement Date (and prior to any earlier occupancy by Tenant),
(b) not later than 30 days prior to the expiration of any current policy or certificate, and (c) at such other times as Landlord may reasonably request. If Landlord allows Tenant to provide evidence of insurance by certificate, Tenant will deliver
an ACORD Form 27 certificate and will attach or cause to be attached to the certificate copies of the endorsements this Section 10.1 requires (including specifically, but without limitation, the additional insured endorsement). Tenant’s
insurance must permit releases of liability and provide for waiver of subrogation as provided in Section 10.1.5. 
  
 10.1.5 Tenant’s Waiver and Release of Claims and Subrogation. To the extent not prohibited by the Laws, Tenant, on behalf of
Tenant and its insurers, waives, releases and discharges the Landlord Parties from all Claims arising out of personal injury or damage to or destruction of the Premises, Property or Tenant’s trade fixtures, other personal property or business,
and any loss of use or business interruption, occasioned by any fire or other casualty or occurrence whatsoever (whether similar or dissimilar), regardless whether any such Claim results from the negligence or fault of any Landlord Party or
otherwise, and Tenant 

  

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will look only to Tenant’s insurance coverage (regardless whether Tenant maintains any such coverage) in the event of any such Claim. Tenant’s
trade fixtures, other personal property and all other property in Tenant’s care, custody or control, is located at the Property at Tenant’s sole risk. Landlord is not liable for any damage to such property or for any theft,
misappropriation or loss of such property. Tenant is solely responsible for providing such insurance as may be required to protect Tenant, its employees and invitees against any injury, loss, or damage to persons or property occurring in the
Premises or at the Property, including, without limitation, any loss of business or profits from any casualty or other occurrence at the Property. 
  
 10.1.6 No Limitation. Landlord’s establishment of minimum insurance requirements is not a representation by Landlord that such
limits are sufficient and does not limit Tenant’s liability under this Lease in any manner. 
  
 10.2 Landlord’s Insurance Obligations. Landlord will (except for the optional coverages and endorsements Section 10.2.1 describes) at all
times during the Term maintain the insurance this Section 10.2 describes. All premiums and other costs and expenses Landlord incurs in connection with maintaining such insurance are Operating Expenses. 
  
 10.2.1 Property Insurance. Property insurance on the
Building in an amount not less than the full insurable replacement cost of the Building insuring against loss or damage by fire and such other risks as are covered by the current ISO Special Form policy. Landlord, at its option, may obtain such
additional coverages or endorsements as Landlord deems appropriate or necessary, including, without limitation, insurance covering foundation, grading, excavation and debris removal costs; business income and rents insurance; earthquake insurance;
flood insurance; and other coverages. Landlord may maintain such insurance in whole or in part under blanket policies. Such insurance will not cover or be applicable to any property of Tenant within the Premises or otherwise located at the Property.

  
 10.2.2 Liability Insurance. Commercial
general liability insurance against claims for bodily injury, personal injury, and property damage occurring at the Property in such amounts as Landlord deems necessary or appropriate. Such liability insurance will protect only Landlord and, at
Landlord’s option, Landlord’s lender and some or all of the Landlord Parties, and does not replace or supplement the liability insurance this Lease obligates Tenant to carry. 
  
 10.2.3 Landlord’s Waiver and Release of Claims and Subrogation. To the extent not expressly
prohibited by the Laws, Landlord, on behalf of Landlord and its insurers, waives, releases and discharges Tenant from all claims or demands whatsoever arising out of damage to or destruction of the Property, or loss of use of the Property,
occasioned by fire or other casualty, regardless whether any such claim or demand results from the negligence or fault of Tenant, or otherwise, and Landlord will look only to Landlord’s insurance coverage (regardless whether Landlord maintains
any such coverage) in the event of any such claim. Notwithstanding the foregoing, Tenant will continue paying Rent without any right of abatement, to the extent Landlord does not receive rent interruption insurance proceeds, if Tenant’s
negligence or fault causes or contributes to any damage to the Premises or the Property. Landlord’s policy or policies of property insurance will permit releases of liability and will provide for waiver of subrogation as provided in this
section. 
  

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 10.3 Tenant’s Indemnification of Landlord. In addition to Tenant’s other indemnification
obligations in this Lease but subject to Landlord’s agreements in Section 10.2, Tenant, to the fullest extent allowable under the Laws, will release, indemnify, protect, defend (with counsel reasonably acceptable to Landlord) and hold harmless
the Landlord Parties from and against all Claims arising from (a) any breach or default by Tenant in the performance of any of Tenant’s covenants or agreements in this Lease, (b) any act, omission, negligence or misconduct of Tenant, (c) any
accident, injury, occurrence or damage in, about or to the Premises, and (d) to the extent caused in whole or in part by Tenant, any accident, injury, occurrence or damage in, about or to the Property. 
  
 10.4 Tenant’s Waiver. In addition to the other waivers of Tenant
described in this Lease and to the extent not expressly prohibited by the Laws, Landlord and the other Landlord Parties are not liable for, and Tenant waives, any and all Claims against Landlord and the other Landlord Parties for any damage to
Tenant’s trade fixtures, other personal property or business, and any loss of use or business interruption, resulting directly or indirectly from (a) any existing or future condition, defect, matter or thing in the Premises or on the Property,
(b) any equipment or appurtenance becoming out of repair, (c) any occurrence, act or omission of any Landlord Party or any other person. This section applies especially, but not exclusively, to damage caused by the flooding of basements or other
subsurface areas and by refrigerators, sprinkling devices, air conditioning apparatus, water, snow, frost, steam, excessive heat or cold, falling plaster, broken glass, sewage, gas, odors, noise or the bursting or leaking of pipes or plumbing
fixtures. The waiver this section describes applies regardless whether any such damage results from an act of God or an act or omission of any other person. 
  
 10.5 Tenant’s Failure to Insure. Notwithstanding any contrary language in this Lease and any notice and cure rights this Lease provides
Tenant, if Tenant fails to provide Landlord with evidence of insurance as required under Section 10.1.4, Landlord may assume that Tenant is not maintaining the insurance Section 10.1 requires Tenant to maintain and Landlord may, but is not obligated
to, without further demand upon Tenant or notice to Tenant and without giving Tenant any cure right or waiving or releasing Tenant from any obligation contained in this Lease, obtain such insurance for Landlord’s benefit. In such event, Tenant
will pay to Landlord, as Additional Rent, all costs and expenses Landlord incurs obtaining such insurance. Landlord’s exercise of its rights under this section does not relieve Tenant from any default under this Lease. 
  
 ARTICLE 11 
 DAMAGE OR DESTRUCTION 
  
 11.1 Tenantable Within 180 Days. Except as provided in Section 11.3, if fire or other casualty renders the whole or any material part of the Premises untenantable and Landlord determines (in Landlord’s
reasonable discretion) that it can make the Premises tenantable within 180 days after the date of the casualty, then Landlord will notify Tenant that Landlord will repair and restore the Building and the Premises to as near their condition prior to
the casualty as is reasonably possible within the 180 day period (subject to delays caused by Tenant Delays or Force Majeure). Landlord will provide the notice within 30 days after the date of the casualty. In such case, this Lease remains in full
force and effect, but, except as provided in Section 10.2.3, Basic Rent and 

  

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Property Expenses for the period during which the Premises are untenantable abate pro rata (based upon the rentable area of the untenantable portion of the
Premises as compared with the rentable area of the entire Premises). 
  
 11.2 Not Tenantable Within 180 Days. If fire or other casualty renders the whole or any material part of the Premises untenantable and Landlord determines (in Landlord’s reasonable discretion) that it cannot make the Premises
tenantable within 180 days after the date of the casualty, then Landlord will so notify Tenant within 30 days after the date of the casualty and may, in such notice, terminate this Lease effective on the date of Landlord’s notice. If Landlord
does not terminate this Lease as provided in this section, Tenant may terminate this Lease by notifying Landlord within 30 days after the date of Landlord’s notice, which termination will be effective 30 days after the date of Tenant’s
notice. 
  
 11.3 Insufficient Proceeds. Notwithstanding any
contrary language in this Article 11, if this Article 11 obligates Landlord to repair damage to the Premises or building caused by fire or other casualty and Landlord does not receive sufficient insurance proceeds (excluding any deficiency caused by
the amount of any policy deductible) to repair all of the damage, or if Landlord’s lender does not allow Landlord to use sufficient proceeds to repair all of the damage, then Landlord, at Landlord’s option, by notifying Tenant within 30
days after the casualty, may terminate this Lease effective on the date of Landlord’s notice. 
  
 11.4 Landlord’s Repair Obligations. If this Lease is not terminated under Sections 11.2 through 11.4 following a fire or other casualty, then
Landlord will repair and restore the Premises and the Building to as near their condition prior to the fire or other casualty as is reasonably possible with all commercially reasonable diligence and speed (subject to delays caused by Tenant Delay or
Force Majeure) and, except as provided in Section 10.2.3, Basic Rent and Property Expenses for the period during which the Premises are untenantable will abate pro rata (based upon the rentable area of the untenantable portion of the Premises as
compared with the rentable area of the entire Premises). In no event is Landlord obligated to repair or restore any Alterations or Tenant Improvements that are not covered by Landlord’s insurance, any special equipment or improvements installed
by Tenant, any personal property, or any other property of Tenant. 
  
 11.5 Rent Apportionment Upon Termination. If either Landlord or Tenant terminates this Lease under this Article 11, Landlord will apportion Basic Rent and Property Expenses on a per diem basis and Tenant will pay the Basic Rent and
Property Expenses to (a) the date of the fire or other casualty if the event renders the Premises completely untenantable or (b) if the event does not render the Premises completely untenantable, the effective date of such termination (provided that
if a portion of the Premises is rendered untenantable, but the remaining portion is tenantable, then, except as provided in Section 10.2.3, Tenant’s obligation to pay Basic Rent and Property Expenses abates pro rata [based upon the rentable
area of the untenantable portion of the Premises divided by the rentable area of the entire Premises] from the date of the casualty and Tenant will pay the unabated portion of the Rent to the date of such termination). 
  

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 11.6 Exclusive Casualty Remedy. The provisions of this Article 11 are Tenant’s sole and
exclusive rights and remedies in the event of a casualty. To the extent permitted by the Laws, Tenant waives the benefits of any Law that provides Tenant any abatement or termination rights (by virtue of a casualty) not specifically described in
this Article 11. 
  
 ARTICLE 12 
 EMINENT DOMAIN 
  
 12.1 Termination of Lease. If a Condemning Authority desires to effect a Taking of all or any material part of the Property, Landlord will notify
Tenant and Landlord and Tenant will reasonably determine whether the Taking will render the Premises unsuitable for Tenant’s intended purposes. If Landlord and Tenant conclude that the Taking will render the Premises unsuitable for
Tenant’s intended purposes, Landlord and Tenant will document such determination and this Lease will terminate as of the date the Condemning Authority takes possession of the portion of the Property taken. Tenant will pay Rent to the date of
termination. If a Condemning Authority takes all or any material part of the Building or if a Taking reduces the value of the Property by 50% or more (as reasonably determined by Landlord), then Landlord, at Landlord’s option, by notifying
Tenant prior to the date the Condemning Authority takes possession of the portion of the Property taken, may terminate this Lease effective on the date the Condemning Authority takes possession of the portion of the Property taken. 
  
 12.2 Landlord’s Repair Obligations. If this Lease does not
terminate with respect to the entire Premises under Section 12.1 and the Taking includes a portion of the Premises, this Lease automatically terminates as to the portion of the Premises taken as of the date the Condemning Authority takes possession
of the portion taken and Landlord will, at its sole cost and expense, restore the remaining portion of the Premises to a complete architectural unit with all commercially reasonable diligence and speed and will reduce the Basic Rent for the period
after the date the Condemning Authority takes possession of the portion of the Premises taken to a sum equal to the product of the Basic Rent provided for in this Lease multiplied by a fraction, the numerator of which is the rentable area of the
Premises after the Taking and after Landlord restores the Premises to a complete architectural unit, and the denominator of which is the rentable area of the Premises prior to the Taking. Tenant’s obligation to pay Basic Rent will abate on a
proportionate basis with respect to that portion of the Premises remaining after the Taking that Tenant is unable to use during Landlord’s restoration for the period of time that Tenant is unable to use such portion of the Premises. 

 
 12.3 Tenant’s Participation. Landlord is entitled to receive
and keep all damages, awards or payments resulting from or paid on account of a Taking. Accordingly, Tenant waives and assigns to Landlord any interest of Tenant in any such damages, awards or payments. Tenant may prove in any condemnation
proceedings and may receive any separate award for damages to or condemnation of Tenant’s movable trade fixtures and equipment and for moving expenses; provided however, that Tenant has no right to receive any award for its interest in this
Lease or for loss of leasehold. 
  
 12.4 Exclusive Taking
Remedy. The provisions of this Article 12 are Tenant’s sole and exclusive rights and remedies in the event of a Taking. To the extent permitted by the Laws, Tenant waives the benefits of any Law 

  

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that provides Tenant any abatement or termination rights or any right to receive any payment or award (by virtue of a Taking) not specifically described in
this Article 12. 
  
 ARTICLE 13 
 TRANSFERS 
  
 13.1 Restriction on Transfers. 
  
 13.1.1 General Prohibition. Except as set forth in Sections 13.1.2 and 13.1.3, Tenant will not cause or suffer a Transfer without
obtaining Landlord’s prior written consent. Landlord may grant or withhold consent in Landlord’s sole and absolute discretion. Landlord may also, at Landlord’s option by notifying Tenant, recapture any portion of the Premises that
would be affected by such Transfer. Tenant’s request for consent to a Transfer must describe in detail the parties, terms and portion of the Premises affected. Landlord will notify Tenant of Landlord’s election to consent, withhold consent
and/or recapture within 30 days after receiving Tenant’s written request for consent to the Transfer. If Landlord consents to the Transfer, Landlord may impose on Tenant or the transferee such conditions as Landlord, in its sole discretion,
deems appropriate. Tenant will, in connection with requesting Landlord’s consent, provide Landlord with a copy of any and all documents and information regarding the proposed Transfer and the proposed transferee as Landlord reasonably requests.
No Transfer, including, without limitation, a Transfer under Section 13.1.2, releases Tenant from any liability or obligation under this Lease and Tenant remains liable to Landlord after such a Transfer as a principal and not as a surety. If
Landlord consents to any Transfer, Tenant will pay to Landlord, as Additional Rent, 50% of any amount Tenant receives on account of the Transfer in excess of the amounts this Lease otherwise requires Tenant to pay. Any attempted Transfer in
violation of this Lease is null and void and constitutes a breach of this Lease. 
  
 13.1.2 Transfers to Affiliates. Tenant, without Landlord’s consent (provided that Tenant is not in default in the performance
of its obligations under this Lease), may cause a Transfer to an Affiliate if Tenant (a) notifies Landlord at least 30 days prior to such Transfer; (b) delivers to Landlord, at the time of Tenant’s notice, current financial statements of Tenant
and the proposed transferee that are reasonably acceptable to Landlord; and (c) the transferee assumes and agrees in a writing reasonably acceptable to Landlord to perform Tenant’s obligations under this Lease and to observe all terms and
conditions of this Lease. Landlord’s right described in Section 13.1.1 to share in any profit Tenant receives from a Transfer permitted under this Section 13.1.2 and Landlord’s recapture right under Section 13.1.1 does not apply to any
Transfer this Section 13.1.2 permits. 
  
 13.1.3
Tenant’s Right to Mortgage. Notwithstanding the restrictions in Section 13.1.1 above, Tenant shall have the right, from time to time, without Landlord’s consent, to mortgage Tenant’s leasehold estate (but not Landlord’s
interest in the Property) to a Permitted Mortgagee (as defined below) if (and only if) such Permitted Mortgagee executes and delivers to Landlord a written agreement providing that (i) such Permitted Mortgagee shall have no lien against
Landlord’s fee simple title to the Demised Premises; (ii) such Permitted Mortgagee’s lien is subject in all respects to the rights of Landlord under this Lease, including its interest in the Building and the Tenant Improvements that will
become the property of Landlord upon the expiration or earlier termination of this Lease; (iii) if a 

  

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default should occur under the agreements between Tenant and such Permitted Mortgagee, such Permitted Mortgagee will provide Landlord notice of its intent to
foreclose its lien and notice that is has foreclosed such lien; (iv) upon a foreclosure or other acquisition of Tenant’s interest in this Lease, such Permitted Mortgagee shall acquire Tenant’s interest in this Lease subject to all of the
obligations of Tenant (including all monetary obligations whether or not arising after such foreclosure) and all of the rights of Landlord under this Lease; and (v) any assignment or subletting of the Demised Premises by a purchaser at foreclosure
or other assignee of a Permitted Mortgagee shall be subject to the terms of this Article 13. The term “Permitted Mortgagee” shall mean a third party institutional lender that is granted a mortgage to secure Tenant’s obligation
to pay a commercial loan related to Tenant’s business operations. 
  
 13.2 Costs. Tenant will pay to Landlord, as Additional Rent, all costs and expenses Landlord incurs in connection with any Transfer, including, without limitation, reasonable attorneys fees and costs, regardless whether Landlord
consents to the Transfer. 
  
 ARTICLE 14 
 DEFAULTS; REMEDIES 
  
 14.1 Events of Default. The occurrence of any of the following constitutes an Event of Default by Tenant under this Lease: 
  
 14.1.1 Failure to Pay Rent. Tenant fails to pay Basic
Rent, any monthly installment of Property Expenses or any other Additional Rent amount as and when due and such failure continues for five days after Landlord notifies Tenant. 
  
 14.1.2 Failure to Perform. Tenant breaches or fails to perform any of Tenant’s nonmonetary
obligations under this Lease and the breach or failure continues for a period of 30 days after Landlord notifies Tenant of Tenant’s breach or failure; provided that if Tenant cannot reasonably cure its breach or failure within a 30 day period,
Tenant’s breach or failure is not an Event of Default if Tenant commences to cure its breach or failure within the 30 day period and thereafter diligently pursues the cure and effects the cure within a period of time that does not exceed 60
days after the expiration of the 30 day period. Notwithstanding any contrary language contained in this Section 14.1.2, Tenant is not entitled to any notice or cure period before an uncurable breach of this Lease (or failure) becomes an Event of
Default. 
  
 14.1.3 Misrepresentation. The
existence of any material misrepresentation or omission in any financial statements, correspondence or other information provided to Landlord by or on behalf of Tenant in connection with (a) Tenant’s negotiation or execution of this Lease; (b)
Landlord’s evaluation of Tenant as a prospective tenant at the Property; (c) any proposed or attempted Transfer; or (d) any consent or approval Tenant requests under this Lease. 
  

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 14.1.4 Other Defaults. (a) Tenant makes a general assignment or general
arrangement for the benefit of creditors; (b) a petition for adjudication of bankruptcy or for reorganization or rearrangement is filed by Tenant; (c) a petition for adjudication of bankruptcy or for reorganization or rearrangement is filed against
Tenant and is not dismissed within 60 days; (d) a trustee or receiver is appointed to take possession of substantially all of Tenant’s assets located at the Premises or of Tenant’s interest in this Lease and possession is not restored to
Tenant within 30 days; or (e) substantially all of Tenant’s assets, substantially all of Tenant’s assets located at the Premises or Tenant’s interest in this Lease is subjected to attachment, execution or other judicial seizure not
discharged within 30 days. If a court of competent jurisdiction determines that any act described in this section does not constitute an Event of Default, and the court appoints a trustee to take possession of the Premises (or if Tenant remains a
debtor in possession of the Premises) and such trustee or Tenant Transfers Tenant’s interest hereunder, then Landlord is entitled to receive, as Additional Rent, the amount by which the Rent (or any other consideration) paid in connection with
the Transfer exceeds the Rent otherwise payable by Tenant under this Lease. 
  
 14.1.5 Notice Requirements. The notices required by this Section 14.1 are intended to satisfy any and all notice requirements imposed by the Laws and are not in addition to any such requirements. 
  
 14.2 Remedies. Upon the occurrence of any Event of Default, Landlord,
at any time and from time to time, and without preventing Landlord from exercising any other right or remedy, may exercise any one or more of the following remedies: 
  
 14.2.1 Termination of Tenant’s Possession; Re-entry and Relettinq Right. Terminate Tenant’s
right to possess the Premises by any lawful means with or without terminating this Lease, in which event Tenant will immediately surrender possession of the Premises to Landlord. Unless Landlord specifically states that it is terminating this Lease,
Landlord’s termination of Tenant’s right to possess the Premises is not to be construed as an election by Landlord to terminate this Lease or Tenant’s obligations and liabilities under this Lease. In such event, this Lease continues
in full force and effect (except for Tenant’s right to possess the Premises) and Tenant continues to be obligated for and must pay all Rent as and when due under this Lease. If Landlord terminates Tenant’s right to possess the Premises,
Landlord is not obligated to but may re-enter the Premises and remove all persons and property from the Premises. Landlord may store any property Landlord removes from the Premises in a public warehouse or elsewhere at the cost and for the account
of Tenant. Upon such re-entry, Landlord is not obligated to but may relet all or any part of the Premises to a third party or parties for Tenant’s account. Tenant is immediately liable to Landlord for all Re-entry Costs and must pay Landlord
the same within five days after Landlord’s notice to Tenant. Landlord may relet the Premises for a period shorter or longer than the remaining Term. If Landlord relets all or any part of the Premises, Tenant will continue to pay Rent when due
under this Lease and Landlord will refund to Tenant the Net Rent Landlord actually receives from the reletting up to a maximum amount equal to the Rent Tenant paid that came due after Landlord’s reletting. If the Net Rent Landlord actually
receives from reletting exceeds such Rent, Landlord will apply the excess sum to future Rent due under this Lease. Landlord may retain any surplus Net Rent remaining at the expiration of the Term. 
  

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 14.2.2 Termination of Lease. Terminate this Lease effective on the date Landlord
specifies in its termination notice to Tenant. Upon termination, Tenant will immediately surrender possession of the Premises to Landlord. If Landlord terminates this Lease, Landlord may recover from Tenant and Tenant will pay to Landlord on demand
all damages Landlord incurs by reason of Tenant’s default, including, without limitation, (a) all Rent due and payable under this Lease as of the effective date of the termination; (b) any amount necessary to compensate Landlord for any
detriment proximately caused Landlord by Tenant’s failure to perform its obligations under this Lease or which in the ordinary course would likely result from Tenant’s failure to perform, including, but not limited to, any Re-entry Costs,
(c) an amount equal to the difference between the present worth, as of the effective date of the termination, of the Basic Rent for the balance of the Term remaining after the effective date of the termination (assuming no termination) and the
present worth, as of the effective date of the termination, of a fair market Rent for the Premises for the same period (as Landlord reasonably determines the fair market Rent) and (d) Property Expenses to the extent Landlord is not otherwise
reimbursed for such Property Expenses. For purposes of this section, Landlord will compute present worth by utilizing a discount rate of 8% per annum. Nothing in this section limits or prejudices Landlord’s right to prove and obtain damages in
an amount equal to the maximum amount allowed by the Laws, regardless whether such damages are greater than the amounts set forth in this section. 
  
 14.2.3 [Intentionally deleted]. 
  
 14.2.4 Self Help. Perform the obligation on Tenant’s behalf without waiving Landlord’s rights under this Lease, at law or
in equity and without releasing Tenant from any obligation under this Lease. Tenant will pay to Landlord, as Additional Rent, all sums Landlord pays and obligations Landlord incurs on Tenant’s behalf under this section. 
  
 14.2.5 Other Remedies. Any other right or remedy
available to Landlord under this Lease, at law or in equity. 
  
 14.3 Costs. Tenant will reimburse and compensate Landlord on demand and as Additional Rent for any actual loss Landlord incurs in connection with, resulting from or related to any breach or default of Tenant under this Lease,
regardless whether the breach or default constitutes an Event of Default, and regardless whether suit is commenced or judgment is entered. Such loss includes all reasonable legal fees, costs and expenses (including paralegal fees and other
professional fees and expenses) Landlord incurs investigating, negotiating, settling or enforcing any of Landlord’s rights or remedies or otherwise protecting Landlord’s interests under this Lease. Tenant will also indemnify, defend (with
counsel reasonably acceptable to Landlord), protect and hold harmless the Landlord Parties from and against all Claims Landlord or any of the other Landlord Parties incurs if Landlord or any of the other Landlord Parties becomes or is made a party
to any claim or action (a) instituted by Tenant or by or against any person holding any interest in the Premises by, under or through Tenant; (b) for foreclosure of any lien for labor or material furnished to or for Tenant or such other person; or
(c) otherwise arising out of or resulting from any act or omission of Tenant or such other person. In addition to the foregoing, Landlord is entitled to reimbursement of all of Landlord’s fees, expenses and damages, including, but not limited
to, reasonable attorneys fees and paralegal and other professional 

  

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fees and expenses, Landlord incurs in connection with protecting its interests in any bankruptcy or insolvency proceeding involving Tenant, including,
without limitation, any proceeding under any chapter of the Bankruptcy Code; by exercising and advocating rights under Section 365 of the Bankruptcy Code; by proposing a plan of reorganization and objecting to competing plans; and by filing motions
for relief from stay. Such fees and expenses are payable on demand, or, in any event, upon assumption or rejection of this Lease in bankruptcy. 
  
 14.4 Waiver and Release by Tenant. Tenant waives and releases all Claims Tenant may have resulting from Landlord’s re-entry and taking
possession of the Premises by any lawful means and removing and storing Tenant’s property as permitted under this Lease, regardless whether this Lease is terminated, and, to the fullest extent allowable under the Laws, Tenant will release,
indemnify, defend (with counsel reasonably acceptable to Landlord), protect and hold harmless the Landlord Parties from and against any and all Claims occasioned thereby. No such reentry is to be considered or construed as a forcible entry by
Landlord. 
  
 14.5 Landlord’s Default. If Landlord
defaults in the performance of any of its obligations under this Lease, Tenant will notify Landlord of the default and Landlord will have 30 days after receiving such notice to cure the default. If Landlord is not reasonably able to cure the default
within a 30 day period, Landlord will have an additional reasonable period of time to cure the default as long as Landlord commences the cure within the 30 day period and thereafter diligently pursues the cure. In no event is Landlord liable to
Tenant or any other person for consequential, special or punitive damages, including, without limitation, lost profits. 
  
 14.6 No Waiver. Except as specifically set forth in this Lease, no failure by Landlord or Tenant to insist upon the other party’s performance
of any of the terms of this Lease or to exercise any right or remedy upon a breach thereof, constitutes a waiver of any such breach or of any breach or default by the other party in its performance of its obligations under this Lease. No acceptance
by Landlord of full or partial Rent from Tenant or any third party during the continuance of any breach or default by Tenant of Tenant’s performance of its obligations under this Lease constitutes Landlord’s waiver of any such breach or
default. Except as specifically set forth in this Lease, none of the terms of this Lease to be kept, observed or performed by a party to this Lease, and no breach thereof, are waived, altered or modified except by a written instrument executed by
the other party. One or more waivers by a party to this Lease is not to be construed as a waiver of a subsequent breach of the same covenant, term or condition. No statement on a payment check from a party to this Lease or in a letter accompanying a
payment check is binding on the other party. The party receiving the check, with or without notice to the other party, may negotiate such check without being bound to the conditions of any such statement. 
  
 ARTICLE 15 
 CREDITORS; ESTOPPEL CERTIFICATES 
  
 15.1 Subordination. This Lease, all rights of Tenant in this Lease, and all interest or estate of Tenant in the Property, is subject and subordinate to the lien of any Mortgage. Tenant, on Landlord’s
demand, will 

  

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execute and deliver to Landlord or to any other person Landlord designates any instruments, releases or other documents reasonably required to confirm the
self-effectuating subordination of this Lease as provided in this section to the lien of any Mortgage. The subordination to any future Mortgage provided for in this section is expressly conditioned upon the mortgagees agreement that as long as
Tenant is not in default in the payment of Rent or the performance and observance of any covenant, condition, provision, term or agreement to be performed and observed by Tenant under this Lease, beyond any applicable grace or cure period this Lease
provides Tenant, the holder of the Mortgage will not disturb Tenant’s rights under this Lease. The lien of any existing or future Mortgage will not cover Tenant’s moveable trade fixtures or other personal property of Tenant located in or
on the Premises. 
  
 15.2 Attornment. If any ground lessor,
holder of any Mortgage at a foreclosure sale or any other transferee acquires Landlord’s interest in this Lease, the Premises or the Property, Tenant will attorn to the transferee of or successor to Landlord’s interest in this Lease, the
Premises or the Property (as the case may be) and recognize such transferee or successor as landlord under this Lease. 
  
 Tenant waives the protection of any statute or rule of law that gives or purports to give Tenant any right to terminate this Lease or surrender possession of the Premises
upon the transfer of Landlord’s interest. 
  
 15.3
Mortgagee Protection Clause. Tenant will give the holder of any Mortgage, by registered mail, a copy of any notice of default Tenant serves on Landlord, provided that Landlord or the holder of the Mortgage previously notified Tenant (by way
of notice of assignment of rents and leases or otherwise) of the address of such holder. Tenant further agrees that if Landlord fails to cure such default within the time provided for in this Lease, then Tenant will provide written notice of such
failure to such holder and such holder will have an additional 15 days within which to cure the default. If the default cannot be cured within the additional 15 day period, then the holder will have such additional time as may be necessary to effect
the cure if, within the 15 day period, the holder has commenced and is diligently pursuing the cure (including without limitation commencing foreclosure proceedings if necessary to effect the cure). 
  
 15.4 Estoppel Certificates. 
  
 15.4.1 Contents. Upon Landlord’s written
request, Tenant will execute, acknowledge and deliver to Landlord a written statement in form satisfactory to Landlord certifying: (a) that this Lease (and all guaranties, if any) is unmodified and in full force and effect (or, if there have been
any modifications, that the Lease is in full force and effect, as modified, and stating the modifications); (b) that this Lease has not been canceled or terminated; (c) the last date of payment of Rent and the time period covered by such payment;
(d) whether there are then existing any breaches or defaults by Landlord under this Lease known to Tenant, and, if so, specifying the same; (e) specifying any existing claims or defenses in favor of Tenant against the enforcement of this Lease (or
of any guaranties); and (f) such other factual statements as Landlord, any lender, prospective lender, investor or purchaser may request. Tenant will deliver the statement to Landlord within 10 Business Days after Landlord’s request. Landlord
may give any such statement by Tenant to any lender, prospective lender, investor or purchaser of all or any part of the Property and any such party may conclusively rely upon such statement as true and correct. 
  

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 15.4.2 Failure to Deliver. If Tenant does not timely deliver the statement
referenced in Section 15.4.1 to Landlord, (a) Landlord may execute and deliver the statement to any third party on behalf of Tenant and (b) such failure constitutes an Event of Default under this Lease. Further, if Tenant so fails to timely deliver
the statement, Landlord and any lender, prospective lender, investor or purchaser may conclusively presume and rely, except as otherwise represented by Landlord, (i) that the terms and provisions of this Lease have not been changed; (ii) that this
Lease has not been canceled or terminated; (iii) that not more than one month’s Rent has been paid in advance; and (iv) that Landlord is not in default in the performance of any of its obligations under this Lease. In such event, Tenant is
estopped from denying the truth of such facts. 
  
 ARTICLE 16

 TERMINATION OF LEASE 
  
 16.1 Surrender of Premises. Tenant will surrender the Premises to Landlord at the expiration or earlier termination of this Lease in good order,
condition and repair, reasonable wear and tear, permitted Alterations and damage by casualty or condemnation excepted, and will surrender all keys to Landlord or Property Manager at the place then fixed for Tenant’s payment of Basic Rent or as
Landlord may otherwise direct. Tenant will also inform Landlord of all combinations on locks, safes and vaults, if any, in the Premises or on the Property. Tenant will at such time remove all of its property from the Premises and, if Landlord so
requests, all previously specified Alterations Tenant placed on the Premises. Tenant will promptly repair any damage to the Premises caused by such removal. If Tenant does not surrender the Premises in accordance with this section, Tenant will
release, indemnify, defend (with counsel reasonably acceptable to Landlord) protect and hold harmless Landlord from and against any Claim resulting from Tenant’s delay in so surrendering the Premises, including, without limitation, any Claim
made by any succeeding occupant founded on such delay. All property of Tenant not removed on or before the last day of the Term is deemed abandoned. Tenant appoints Landlord as Tenant’s agent to remove, at Tenant’s sole cost and expense,
all of Tenant’s property from the Premises upon termination of this Lease and to cause its transportation and storage for Tenant’s benefit, all at the sole cost and risk of Tenant, and Landlord will not be liable for damage, theft,
misappropriation or loss thereof or in any manner in respect thereto. 
  
 16.2 Holding Over. If Tenant possesses the Premises after the Term expires or is otherwise terminated without executing a new lease but with Landlord’s written consent, Tenant is deemed to be occupying the Premises as a tenant
from month-to-month, subject to all provisions, conditions and obligations of this Lease applicable to a month-to-month tenancy, except that (a) Basic Rent will equal the greater of Basic Rent payable by Tenant in the last Lease Year of the Term or
Landlord’s then current basic rent for the Premises according to Landlord’s rental rate schedule for prospective tenants, and (b) either Landlord or Tenant may terminate the month-to-month tenancy at any time upon 30 days prior written
notice to the other party. If Tenant possesses the Premises after the Term expires or is otherwise terminated without executing a new lease and without Landlord’s written consent, Tenant is deemed to be occupying the Premises without 

  

 Single Tenant Office Lease Agreement 
 Horizon Health Corporation - 27 

 
claim of right (but subject to all terms and conditions of this Lease) and, in addition to Tenant’s liability for failing to surrender possession of the
Premises as provided in Section 16.1, Tenant will pay Landlord a charge for each day of occupancy after expiration of the Term in an amount equal to 150% of Tenant’s then-existing Rent (on a daily basis). 
  
 ARTICLE 17 
 ADDITIONAL PROVISIONS 
  
 17.1 Initial Improvements. 
  
 17.1.1 Building Improvements. Landlord will provide, at no cost to Tenant, the Building Improvements in accordance with the Work Letter. 
  
 17.1.2 Tenant Improvements. Landlord will cause to be constructed, at Tenant’s sole cost and
expense, all Tenant Improvements in accordance with the Work Letter. 
  
 17.2 Parking. There will be no monthly parking charge for parking at the Property. Parking at the Property by Tenant is subject to the other provisions of this Lease, including without limitation, the Building Rules. In no event will
Landlord be liable for any loss, damage or theft of, to or from any vehicle at the Property. 
  
 ARTICLE 18 
 MISCELLANEOUS PROVISIONS 
  
 18.1 Notices. All Notices must be in writing and must be sent by
personal delivery, United States registered or certified mail (postage prepaid) or by an independent overnight courier service, addressed to the addresses specified in the Basic Terms or at such other place as either party may designate to the other
party by written notice given in accordance with this section. Notices given by mail are deemed delivered within three Business Days after the party sending the Notice deposits the Notice with the United States Post Office. Notices delivered by
courier are deemed delivered on the next Business Day after the day the party delivering the Notice timely deposits the Notice with the courier for overnight (next day) delivery. 
  
 18.2 Transfer of Landlord’s Interest. If Landlord Transfers any interest in the Premises for any reason other
than collateral security purposes, the transferor is automatically relieved of all obligations on the part of Landlord accruing under this Lease from and after the date of the Transfer, provided that the transferor will deliver to the transferee any
funds the transferor holds in which Tenant has an interest (such as a security deposit). Landlord’s covenants and obligations in this Lease bind each successive Landlord only during and with respect to its respective period of ownership.
However, notwithstanding any such Transfer, the transferor remains entitled to the benefits of Tenant’s indemnity and insurance obligations (and similar obligations) under this Lease with respect to matters arising or accruing during the
transferors period of ownership. 
  

 Single Tenant Office Lease Agreement 
 Horizon Health Corporation - 28 

 18.3 Successors. The covenants and agreements contained in this Lease bind and inure to the
benefit of Landlord, its successors and assigns, bind Tenant and its successors and assigns and inure to the benefit of Tenant and its permitted successors and assigns. 
  
 18.4 Captions and Interpretation. The captions of the articles and sections of this Lease are to assist the parties
in reading this Lease and are not a part of the terms or provisions of this Lease. Whenever required by the context of this Lease, the singular includes the plural and the plural includes the singular. 
  
 18.5 Relationship of Parties. This Lease does not create the
relationship of principal and agent, or of partnership, joint venture, or of any association or relationship between Landlord and Tenant other than that of landlord and tenant. 
  
 18.6 Entire Agreement; Amendment. The Basic Terms and all exhibits, addenda and schedules attached to this Lease are
incorporated into this Lease as though fully set forth in this Lease and together with this Lease contain the entire agreement between the parties with respect to the improvement and leasing of the Premises. All preliminary and contemporaneous
negotiations, including, without limitation, any letters of intent or other proposals and any drafts and related correspondence, are merged into and superseded by this Lease. No subsequent alteration, amendment, change or addition to this Lease
(other than to the Building Rules) is binding on Landlord or Tenant unless it is in writing and signed by the party to be charged with performance. 
  
 18.7 Severability. If any covenant, condition, provision, term or agreement of this Lease is, to any extent, held invalid or unenforceable, the
remaining portion thereof and all other covenants, conditions, provisions, terms and agreements of this Lease, will not be affected by such holding, and will remain valid and in force to the fullest extent permitted by law. 
  
 18.8 Landlord’s Limited Liability. Tenant will look solely to
Landlord’s interest in the Property for recovering any judgment or collecting any obligation from Landlord or any other Landlord Party. Tenant agrees that neither Landlord nor any other Landlord Party will be personally liable for any judgment
or deficiency decree. 
  
 18.9 Survival. All of
Tenant’s obligations under this Lease (together with interest on payment obligations at the Maximum Rate) accruing prior to expiration or other termination of this Lease survive the expiration or other termination of this Lease. Further, all of
Tenant’s release, indemnification, defense and hold harmless obligations under this Lease survive the expiration or other termination of this Lease, without limitation. 
  

 Single Tenant Office Lease Agreement 
 Horizon Health Corporation - 29 

 18.10 Attorneys Fees. If either Landlord or Tenant commences any litigation or judicial action to
determine or enforce any of the provisions of this Lease, the prevailing party in any such litigation or judicial action is entitled to recover all of its costs and expenses (including, but not limited to, reasonable attorneys fees, costs and
expenditures) from the nonprevailing party. 
  
 18.11
Brokers. Landlord and Tenant each represents and warrants to the other that it has not had any dealings with any realtors, brokers, finders or agents in connection with this Lease (except as may be specifically set forth in the Basic Terms)
and agrees to release, indemnify, defend and hold the other harmless from and against any Claim based on the failure or alleged failure to pay any realtors, brokers, finders or agents (other than any brokers specified in the Basic Terms) and from
any cost, expense or liability for any compensation, commission or changes claimed by any realtors, brokers, finders or agents (other than any brokers specified in the Basic Terms) claiming by, through or on behalf of it with respect to this Lease
or the negotiation of this Lease. Landlord will pay any brokers named in the Basic Terms in accordance with the applicable listing agreement for the Property. 
  

18.12 Governing Law. This Lease is governed by, and must be interpreted under, the internal laws of the State. Any suit arising from or relating
to this Lease must be brought in the County; Landlord and Tenant waive the right to bring suit elsewhere. 
  
 18.13 Time is of the Essence. Time is of the essence with respect to the performance of every provision of this Lease in which time of performance
is a factor. 
  
 18.14 Joint and Several Liability. All
parties signing this Lease as Tenant of this Lease are jointly and severally liable for performing all of Tenant’s obligations under this Lease. 
  
 18.15 Tenant’s Waiver. Any claim Tenant may have against Landlord for default in performance of any of Landlord’s obligations under this
Lease is deemed waived unless Tenant notifies Landlord of the default within 30 days after Tenant obtained actual knowledge of the default. 
  
 18.16 Tenant’s Organization Documents; Authority. If Tenant is an entity, Tenant, within 10 days after Landlord’s written request, will
deliver to Landlord (a) Certificate(s) of Good Standing from the state of formation of Tenant and, if different, the State, confirming that Tenant is in good standing under the laws governing formation and qualification to transact business in such
state(s); and (b) a copy of Tenant’s organizational documents and any amendments or modifications thereof, certified as true and correct by an appropriate official of Tenant. Tenant and each individual signing this Lease on behalf of Tenant
represents and warrants that they are duly authorized to sign on behalf of and to bind Tenant and that this Lease is a duly authorized obligation of Tenant. 
  

 Single Tenant Office Lease Agreement 
 Horizon Health Corporation - 30 

 18.17 Provisions are Covenants and Conditions. All provisions of this Lease, whether covenants or
conditions, are deemed both covenants and conditions. 
  
 18.18
Force Majeure. If Landlord is delayed or prevented from performing any act required in this Lease (excluding, however, the payment of money) by reason of Tenant Delay or Force Majeure, Landlord’s performance of such act is excused for
the longer of the period of the delay or the period of delay caused by such Tenant Delay or Force Majeure and the period of the performance of any such act will be extended for a period equivalent to such longer period. 
  
 18.19 Management. Property Manager is authorized to manage the
Property. Tenant has selected and approved Property Manager. Promptly after the effective date of this Lease, Landlord will enter into negotiations with Property Manager over the terms of a management agreement but will not enter into the management
agreement unless the terms thereof are acceptable to Landlord and Tenant. The Management Agreement shall expressly recognize the right of Landlord or Tenant to terminate the Management Agreement if the Property Manager fails to properly perform its
obligations thereunder. The Property Manager shall act as Landlord’s agent for managing and operating the Property. If Property Manager is terminated for any reason, Tenant shall have the right to approve the replacement Property Manager which
approval shall not be unreasonably withheld or delayed. 
  
 18.20
Quiet Enjoyment. Landlord covenants that Tenant will quietly hold, occupy and enjoy the Premises during the Term, subject to the terms and conditions of this Lease, free from molestation or hindrance by Landlord or any person claiming by,
through or under Landlord, if Tenant pays all Rent as and when due and keeps, observes and fully satisfies all other covenants, obligations and agreements of Tenant under this Lease. 
  
 18.21 No Recording. Tenant will not record this Lease or a Memorandum of this Lease without Landlord’s prior
written consent, which consent Landlord may grant or withhold in its sole and absolute discretion. 
  
 18.22 Nondisclosure of Lease Terms. The terms and conditions of this Lease constitute proprietary information of Landlord that Tenant will keep
confidential. Tenant, without Landlord’s consent (which consent Landlord may grant or withhold in its sole and absolute discretion), will not directly or indirectly disclose the terms and conditions of this Lease to any other person or entity
other than Tenant’s employees and agents who have a legitimate need to know such information (and who will also keep the same in confidence). 
  

 Single Tenant Office Lease Agreement 
 Horizon Health Corporation - 31 

 18.23 Construction of Lease and Terms. The terms and provisions of this Lease represent the
results of negotiations between Landlord and Tenant, each of which are sophisticated parties and each of which has been represented or been given the opportunity to be represented by counsel of its own choosing, and neither of which has acted under
any duress or compulsion, whether legal, economic or otherwise. Consequently, the terms and provisions of this Lease must be interpreted and construed in accordance with their usual and customary meanings, and Landlord and Tenant each waive the
application of any rule of law that ambiguous or conflicting terms or provisions contained in this Lease are to be interpreted or construed against the party who prepared the executed Lease or any earlier draft of the same. Landlord’s
submission of this instrument to Tenant for examination or signature by Tenant does not constitute a reservation of or an option to lease and is not effective as a lease or otherwise until Landlord and Tenant both execute and deliver this Lease. The
parties agree that, regardless of which party provided the initial form of this Lease, drafted or modified one or more provisions of this Lease, or compiled, printed or copied this Lease, this Lease is to be construed solely as an offer from Tenant
to lease the Premises, executed by Tenant and provided to Landlord for acceptance on the terms set forth in this Lease, which acceptance and the existence of a binding agreement between Tenant and Landlord may then be evidenced only by
Landlord’s execution of this Lease. In the event that any provision of this Lease conflicts with any provision of the Work Letter, the provisions of the Work Letter will control. 
  

 Single Tenant Office Lease Agreement 
 Horizon Health Corporation - 32 

 Landlord and Tenant each caused this Lease to be executed and delivered by its duly authorized representative to be
effective as of the Effective Date. 
  

					
	LANDLORD:
	
	OPUS WEST LP,
	 a Delaware limited partnership

		
	 By:
	 	Opus West Corporation,
a Minnesota corporation,
its general partner
			
	 	 	By:	 	 
	 	 	 Name:
	 	 
	 	 	 Title:
	 	 
	
	TENANT:
	
	HORIZON HEALTH CORPORATION,
	 a Delaware corporation

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

  

 Single Tenant Office Lease Agreement 
 Horizon Health Corporation - 33 

  
 EXHIBIT “A”

  
 DEFINITIONS 
  
 Additional Rent means any charge, fee or expense (other than Basic Rent) payable by
Tenant under this Lease, however denoted. 
  
 Affiliate means any person or
corporation that, directly or indirectly, controls, is controlled by or is under common control with Tenant. For purposes of this definition, control means possessing the power to direct or cause the direction of the management and policies of the
entity by the ownership of a majority of the voting securities of the entity. 
  
 Alteration means any change, alteration, addition or improvement to the Premises or Property. 
  
 Bankruptcy Code means the United States Bankruptcy Code as the same now exists and as the same may be amended, including any and all rules and regulations issued pursuant to or in connection with the United
States Bankruptcy Code now in force or in effect after the Effective Date. 
  
 Basic Rent means the basic rent amounts specified in the Basic Terms. 
  
 Basic Terms means the terms of this Lease identified as the Basic Terms before Article 1 of the Lease. 
  
 BOMA Standards means the Standard Method for Measuring Floor Area in Office Buildings approved June 7, 1996, by the American National Standards Institute, Inc. and
the Building Owners and Managers Association International (ANSI/BOMA Z65.1-1996). 
  
 Building means that certain office building to be constructed on the Land in accordance with the Work Letter attached to this Lease as EXHIBIT C. 
  
 Building Improvements means the base building improvements to the Premises. 
  
 Building Rules means those certain rules attached to this Lease as EXHIBIT E,
as Landlord may amend the same from time to time. 
  
 Business Days
means any day other than Saturday, Sunday or a legal holiday in the State. 
  
 Business Hours means Monday through Friday from 7:00 a.m. to 6:00 p.m. and on Saturdays from 8:00 a.m. to 1:00 p.m., excluding holidays. 
  
 City means Lewisville, Texas. 
  
 Claims means all claims, actions, demands, liabilities, damages, costs, penalties, forfeitures, losses or expenses, including, without limitation, reasonable
attorneys fees and the costs and expenses of enforcing any indemnification, defense or hold harmless obligation under the Lease. 
  
 Commencement Date means the Delivery Conditions (as set forth in Section 7 of the Work Letter) are satisfied. 
  

					
	Single Tenant Office Lease Agreement	  	 	  	 
	Horizon Health Corporation	  	A-1	  	 

 Commencement Date Memorandum means the form of memorandum attached to the Lease as EXHIBIT D. 

 
 Condemning Authority means any person or entity with a statutory or other power of
eminent domain. 
  
 “Contractor” means Opus West Construction
Corporation.  
  
 County means Denton County, Texas. 
  
 Delivery Date means the target date for Landlord’s delivery of the Premises to
Tenant, which is the delivery date specified in the Basic Terms. 
  
 Effective
Date means the date set forth on the first page of this Lease. 
  
 Event of
Default means the occurrence of any of the events specified in Section 14.1 of the Lease. 
  
 Force Majeure means acts of God; strikes; lockouts; labor troubles; inability to procure materials; governmental laws or regulations; casualty, orders or directives of any legislative, administrative, or
judicial body or any governmental department; inability to obtain any governmental licenses, permissions or authorities (despite commercially reasonable pursuit of such licenses, permissions or authorities); acts of war, terrorism and/or
bioterrorism; and other similar or dissimilar causes beyond Landlord’s reasonable control. 
  
 Hazardous Materials means any of the following, in any amount: (a) any petroleum or petroleum product, asbestos in any form, urea formaldehyde and polychlorinated biphenyls; (b) any radioactive substance; (c)
any toxic, infectious, reactive, corrosive, ignitable or flammable chemical or chemical compound; and (d) any chemicals, materials or substances, whether solid, liquid or gas, defined as or included in the definitions of hazardous substances,
hazardous wastes, hazardous materials, extremely hazardous wastes, restricted hazardous wastes, toxic substances, toxic pollutants, solid waste, or words of similar import in any federal, state or local statute, law, ordinance or regulation now
existing or existing on or after the Effective Date as the same may be interpreted by government offices and agencies. 
  
 Hazardous Materials Laws means any federal, state or local statutes, laws, ordinances or regulations now existing or existing after the Effective Date that
control, classify, regulate, list or define Hazardous Materials. 
  
 Improvement Allowance means the amount (per rentable square foot of the Premises) specified in the Basic Terms for the cost of designing and installing the Tenant Improvements. 
  
 Improvements means, collectively, the Building Improvements and the Tenant
Improvements.  
  
 Land means that certain parcel of land legally
described on the attached EXHIBIT B. 
  
 Landlord means only the
owner or owners of the Property at the time in question. 
  

					
	Single Tenant Office Lease Agreement	  	 	  	 
	Horizon Health Corporation	  	A-2	  	 

 Landlord Parties means Landlord and Property Manager and their respective officers, directors, partners,
shareholders, members and employees. 
  
 Landlord’s Management Fee
means a management fee payable by Tenant to Landlord equal to three percent (3%) of Operating Expenses; provided that no Landlord’s Management Fee shall be charged on the management fee payable to the Property Manager. 
  
 Laws means any law, regulation, rule, order, statute or ordinance of any governmental
or private entity in effect on or after the Effective Date and applicable to the Property or the use or occupancy of the Property, including, without limitation, Hazardous Materials Laws, Building Rules and Permitted Encumbrances. 
  
 Lease means this Office Lease Agreement, as the same may be amended or modified after
the Effective Date. 
  
 Lease Year means each consecutive 12 month period
during the Term, commencing on the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year is a period beginning on the Commencement Date and ending on the last day of the calendar
month in which the Commencement Date occurs plus the following 12 consecutive calendar months. 
  
 Management Agreement means a management agreement between Landlord and Property Manager, the terms of which have been approved by Tenant. 
  
 Maximum Rate means interest at a rate equal to the lesser of (a) 18% per annum or (b) the maximum interest rate permitted by law.

  
 Mortgage means any mortgage, deed of trust, security interest or other
security document of like nature that at any time may encumber all or any part of the Property and any replacements, renewals, amendments, modifications, extensions or refinancings thereof, and each advance (including future advances) made under any
such instrument. 
  
 Net Rent means all rental Landlord actually receives
from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord). 
  
 Notices means all notices, demands or requests that may be or are required to be
given, demanded or requested by either party to the other as provided in the Lease. 
  
 Operating Expenses means all expenses Landlord incurs in connection with maintaining, repairing and operating the Property, as determined by Landlord’s accountant in accordance with generally accepted accounting principles
consistently followed, including, but not limited to, the following: insurance premiums and deductible amounts under any insurance policy (to the extent paid by Landlord); maintenance and repair costs; steam, electricity, water, sewer, gas and other
utility charges to the extent not separately metered; fuel; lighting; window washing; janitorial services; trash and rubbish removal; property association fees and dues and all payments under any Permitted Encumbrance (except Mortgages) affecting
the Property; management fees and other expenses charged by Property Manager under the Management Agreement; Landlord’s Management Fee; wages payable to persons at the level of manager 

  

					
	Single Tenant Office Lease Agreement	  	 	  	 
	Horizon Health Corporation	  	A-3	  	 

 
and below whose duties are connected with maintaining and operating the Property (but only for the portion of such persons time allocable to the Property),
together with all payroll taxes, unemployment insurance, vacation allowances and disability, pension, profit sharing, hospitalization, retirement and other so-called fringe benefits paid in connection with such persons (allocated in a manner
consistent with such persons wages); amounts paid to contractors or subcontractors for work or services performed in connection with maintaining and operating the Property; all costs of uniforms, supplies and materials used in connection with
maintaining, repairing and operating the Property; any expense imposed upon Landlord, its contractors or subcontractors pursuant to law or pursuant to any collective bargaining agreement covering such employees; all services, supplies, repairs,
replacements or other expenses for maintaining and operating the Property; costs of complying with Laws; and such other expenses as may ordinarily be incurred in connection with maintaining and operating an office complex similar to the Property.
The term Operating Expenses also includes expenses Landlord incurs in connection with public sidewalks adjacent to the Property, any pedestrian walkway system (either above or below ground) and any other public facility to which Landlord or the
Property is from time to time subject in connection with operating the Property. The term “Operating Expenses” does not include the cost of any capital improvement to the Property other than replacements required for normal maintenance and
repair; the cost of repairs, restoration or other work occasioned by fire, windstorm or other insured casualty other than the amount of any deductible under any insurance policy (regardless whether the deductible is payable by Landlord in connection
with a capital expenditure); expenses Landlord incurs in connection with leasing or procuring tenants or renovating space for new or existing tenants; legal expenses incident to Landlord’s enforcement of any lease; interest or principal
payments on any mortgage or other indebtedness of Landlord; or allowance or expense for depreciation or amortization. Notwithstanding the foregoing, if Landlord installs equipment in, or makes improvements or alterations to, the Property to reduce
energy, maintenance or other costs, or to comply with any Laws, Landlord may include in Operating Expenses reasonable charges for reasonable charges for depreciation of the investment so as to amortize the investment over the reasonable life of the
equipment, improvement or alteration on a straight line basis. 
  
 Permitted
Encumbrances means all Mortgages, liens, easements, declarations, encumbrances, covenants, conditions, reservations, restrictions and other matters now or after the Effective Date affecting title to the Property. 
  
 Premises means that all of the floor area of the Building. 
  
 Property means, collectively, the Land, Building and all other improvements on the
Land. 
  
 Property Expenses means the total amount of Property Taxes and
Operating Expenses due and payable with respect to the Property during any calendar year of the Term. 
  
 Property Manager means the Property Manager specified in the Basic Terms or any other agent Landlord may appoint from time to time to manage the Property, subject to the terms of this Lease. 
  
 Property Taxes means any general real property tax, improvement tax, assessment,
special assessment, reassessment, commercial rental tax, tax, in lieu tax, levy, charge, penalty or similar imposition imposed by any authority having the direct or indirect power to tax, including but not limited to, (a) any city, county, state or
federal entity, (b) any school, agricultural, lighting, 

  

					
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	Horizon Health Corporation	  	A-4	  	 

 
drainage or other improvement or special assessment district, (c) any governmental agency, or (d) any private entity having the authority to assess the
Property under any of the Permitted Encumbrances. The term Property Taxes includes all charges or burdens of every kind and nature Landlord incurs in connection with using, occupying, owning, operating, leasing or possessing the Property, without
particularizing by any known name and whether any of the foregoing are general, special, ordinary, extraordinary, foreseen or unforeseen; any tax or charge for fire protection, street lighting, streets, sidewalks, road maintenance, refuse, sewer,
water or other services provided to the Property. The term Property Taxes does not include Landlord’s state or federal income, franchise, estate or inheritance taxes or any taxes (such as, by way of example but not limitation, impact fees and
permitting fees) that are required to be paid by Landlord pursuant to the Work Letter. If Landlord is entitled to pay any of the above listed assessments or charges in installments over a period of two or more calendar years, then only such
installments of the assessments or charges (including interest thereon) as are actually due in a calendar year will be included within the term Property Taxes for such calendar year. Property Taxes for any calendar year shall be net of any tax
abatements received by Landlord for such calendar year. 
  
 Punch List
means a list of Tenant Improvements items that were either (a) not properly completed by Contractor or (b) in need of repair, which list is prepared in accordance with the Work Letter. 
  
 Re-entry Costs means all costs and expenses Landlord incurs re-entering or reletting
all or any part of the Premises, including, without limitation, all costs and expenses Landlord incurs (a) maintaining or preserving the Premises after an Event of Default; (b) recovering possession of the Premises, removing persons and property
from the Premises (including, without limitation, court costs and reasonable attorneys fees) and storing such property; (c) reletting, renovating or altering the Premises; and (d) real estate commissions, advertising expenses and similar expenses
paid or payable in connection with reletting all or any part of the Premises. Re-entry Costs also includes the value of free rent and other concessions Landlord gives in connection with re-entering or reletting all or any part of the Premises.

  
 Rent means, collectively, Basic Rent and Additional Rent. 

 
 Rent Commencement Date means the earlier of (a) the Commencement Date; or (b) the
date Tenant commences business operations in the Premises. 
  
 State means
the State of Texas. 
  
 Structural Alterations means any Alterations
involving the structural, mechanical, electrical, plumbing, fire/life safety or heating, ventilating and air conditioning systems of the Building. 
  
 Substantial Completion means the date upon which the Delivery Conditions referred to in Sections 7.1., 7.3 and 7.4 of the Work Letter have been satisfied.

  
 Taking means the exercise by a Condemning Authority of its power of
eminent domain on all or any part of the Property, either by accepting a deed in lieu of condemnation or by any other manner. 
  

					
	Single Tenant Office Lease Agreement	  	 	  	 
	Horizon Health Corporation	  	A-5	  	 

 Tenant means the tenant identified in the Lease and such tenants permitted successors and assigns. In any
provision relating to the conduct, acts or omissions of Tenant, the term Tenant includes the tenant identified in the Lease and such tenants agents, employees, contractors, invitees, successors, assigns and others using the Premises or on the
Property with Tenant’s expressed or implied permission. 
  
 Tenant Delays
means any delays caused or contributed to by Tenant, including, without limitation, with respect to Tenant Improvements, Tenant’s failure to submit a space plan for Tenant Improvements, Tenant’s failure to timely approve the Final
Plans and any delays caused by any revisions Tenant proposes to the Final Plans. 
  
 Tenant Improvements means all initial improvements to the Premises (other than Building Improvements) to be installed by Landlord and paid for by Tenant, subject to the Improvement Allowance, as more particularly set forth in the
Work Letter. 
  
 Tenant Improvements Costs means all of Landlord’s
direct and indirect costs of causing the Tenant Improvements to be designed and installed, plus five percent (5%) of the sum of all such direct and indirect costs for the general contractor’s overhead and profit, including without limitation,
construction costs and all costs the general contractor incurs in connection with obtaining permits for the Tenant Improvements. 
  
 Term means the initial term of this Lease specified in the Basic Terms and, if applicable, any renewal term then in effect. 
  
 Transfer means an assignment, mortgage, pledge, transfer, sublease or other
encumbrance or conveyance (voluntarily, by operation of law or otherwise) of this Lease or the Premises or any interest in this Lease or the Premises. The term Transfer also includes any assignment, mortgage, pledge, transfer or other encumbering or
disposal (voluntarily, by operation of law or otherwise) of any ownership interest in Tenant that results or could result in a change of control of Tenant. 
  
 Warranty Terms means, collectively, the punch list and construction warranty provisions of Section 9 of the Work Letter. 
  

					
	Single Tenant Office Lease Agreement	  	 	  	 
	Horizon Health Corporation	  	A-6INDENTURE DATED JULY 1, 2005

 EXHIBIT 4.5 

  
 WAL-MART STORES, INC. 
  
 and 
  
 J. P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION, 
  
 as Indenture Trustee 
  
 INDENTURE 
  
 Dated as of                 , 2005

  

  
 CROSS-REFERENCE TABLE

  

			
	 TIA Section

	  	 Indenture Section

	 310
	  	8.08
	  (a)(1)
	  	8.09
	  (a)(2)
	  	8.09
	  (a)(3)
	  	N.A.
	  (a)(4)
	  	N.A.
	  (a)(5)
	  	8.09, 8.10, 8.11
	  (b)
	  	1.06, 8.08, 8.09, 8.10, 8.11
	  (c)
	  	N.A.
	 311(a)
	  	8.13
	  (b)
	  	8.13
	  (c)
	  	N.A.
	 312
	  	6.01
	  (a)
	  	6.01
	  (b)
	  	6.01
	  (c)
	  	6.01
	 313
	  	6.02
	 313(a)
	  	6.02
	  (b)(1)
	  	N.A.
	  (b)(2)
	  	6.02
	  (c)
	  	1.06, 6.02
	  (d)
	  	6.02
	 314(a)
	  	1.02, 1.06, 6.03
	  (b)
	  	N.A.
	  (c)(1)
	  	1.02
	  (c)(2)
	  	1.02
	  (c)(3)
	  	N.A.
	  (d)
	  	N.A.
	  (e)
	  	1.02
	  (f)
	  	N.A.
	 315(a)
	  	8.01(i)
	  (b)
	  	1.06, 6.02, 8.02
	  (c)
	  	8.01(ii)
	  (d)
	  	8.01(iii)
	  (e)
	  	7.14
	 316(a)(1)(A)
	  	7.02, 7.12
	  (a)(1)(B)
	  	7.13
	  (a)(2)
	  	N.A.
	  (b)
	  	7.08
	 317(a)(1)
	  	7.03
	  (a)(2)
	  	7.04
	  (b)
	  	5.03
	 318(a)
	  	1.08
	  (c)
	  	1.08

	*	This cross-reference table shall not, for any purpose, be deemed to be part of this Indenture. 

  

 i 

  
 TABLE OF CONTENTS1 
  
 ARTICLE ONE 
  
 Definitions and other Provisions of General Application 
  

					
	 SECTION 1.01.
	  	Definitions	  	1
	 	  	“Act”	  	1
	 	  	“Affiliate”	  	1
	 	  	“Authenticating Agent”	  	1
	 	  	“Authorized Newspaper”	  	2
	 	  	“Authorized Officer”	  	2
	 	  	“Board of Directors”	  	2
	 	  	“Board Resolution”	  	2
	 	  	“Business Day”	  	2
	 	  	“Clearstream, Luxembourg”	  	2
	 	  	“Commission”	  	2
	 	  	“Company”	  	2
	 	  	“Company Request” and “Company Order”	  	2
	 	  	“corporation”	  	2
	 	  	“Defaulted Interest”	  	2
	 	  	“Definitive Security”	  	2
	 	  	“Depositary”	  	2
	 	  	“Designated Currency”	  	2
	 	  	“Dollar” or “$”	  	2
	 	  	“Euroclear”	  	2
	 	  	“Event of Default”	  	2
	 	  	“Exchange Act”	  	2
	 	  	“Exchange Rate”	  	3
	 	  	“Exchange Rate Agent”	  	3
	 	  	“Federal Bankruptcy Code”	  	3
	 	  	“Foreign Currency”	  	3
	 	  	“Global Exchange Date”	  	3
	 	  	“Global Security”	  	3
	 	  	“Government Securities”	  	3
	 	  	“Holder”	  	3
	 	  	“incorporated provision”	  	3
	 	  	“interest”	  	3
	 	  	“Interest Payment Date”	  	3
	 	  	“Maturity”	  	3
	 	  	“Officers’ Certificate”	  	3
	 	  	“Opinion of Counsel”	  	3
	 	  	“Original Issue Discount Security”	  	3
	 	  	“Outstanding”	  	3
	 	  	“Participant”	  	4
	 	  	“Paying Agent”	  	4
	 	  	“Person”	  	4
	 	  	“Place of Payment”	  	4
	 	  	“Predecessor Security”	  	4
	 	  	“Principal Corporate Trust Office”	  	4
	 	  	“Principal Paying Agent”	  	4
	 	  	“Redemption Date”	  	4

	1	This Table of Contents is not part of the Indenture. 

  

 ii 

 Table of Contents 
 (continued) 
  

					
	 	  	 	  	Page

	 	  	“Redemption Price”	  	4
	 	  	“Registered Security”	  	4
	 	  	“Registrar”	  	4
	 	  	“Registry”	  	5
	 	  	“Regular Record Date”	  	5
	 	  	“Repurchase Date”	  	5
	 	  	“Repurchase Price”	  	5
	 	  	“Responsible Officer”	  	5
	 	  	“Security” or “Securities”	  	5
	 	  	“Series”	  	5
	 	  	“Series Terms Certificate”	  	5
	 	  	“Special Record Date”	  	5
	 	  	“Stated Maturity”	  	5
	 	  	“Subsidiary”	  	5
	 	  	“Supplemental Indenture”	  	5
	 	  	“Trustee”	  	5
	 	  	“Trust Indenture Act” or “TIA”	  	5
	 	  	“United States”	  	5
	 	  	“United States Alien”	  	5
	 	  	“Vice President”	  	6
	 SECTION 1.02.
	  	Compliance Certificates and Opinions	  	6
	 SECTION 1.03.
	  	Form of Documents Delivered to Trustee	  	6
	 SECTION 1.04.
	  	Acts of Holders	  	6
	 SECTION 1.05.
	  	Notices, etc., to Trustee and Company	  	8
	 SECTION 1.06.
	  	Notices to Holders; Waiver	  	8
	 SECTION 1.07.
	  	Language of Notices, etc.	  	8
	 SECTION 1.08.
	  	Conflict with Trust Indenture Act	  	8
	 SECTION 1.09.
	  	Effect of Headings and Table of Contents	  	8
	 SECTION 1.10.
	  	Successors and Assigns	  	8
	 SECTION 1.11.
	  	Severability Clause	  	8
	 SECTION 1.12.
	  	Benefits of Indenture	  	8
	 SECTION 1.13.
	  	Legal Holidays	  	9
	 SECTION 1.14.
	  	Governing Law	  	9
	 SECTION 1.15
	  	Submission to Jurisdiction	  	9
		
	ARTICLE TWO	  	 
		
	Forms of the Securities	  	 
			
	 SECTION 2.01.
	  	Forms Generally	  	9
	 SECTION 2.02.
	  	Form of Securities	  	10
	 SECTION 2.03.
	  	Form of Trustee’s Certificate of Authentication	  	10
	 SECTION 2.04.
	  	Global Securities	  	10
		
	ARTICLE THREE	  	 
		
	The Securities	  	 
			
	 SECTION 3.01.
	  	Terms of Securities	  	11
	 SECTION 3.02.
	  	Denominations	  	14
	 SECTION 3.03.
	  	Execution, Authentication, Delivery and Dating	  	14
	 SECTION 3.04.
	  	Registrar, Paying Agent and Depositary	  	15
	 SECTION 3.05.
	  	Temporary Securities	  	16
	 SECTION 3.06.
	  	Transfer and Exchange	  	17

  

 iii 

 Table of Contents 
 (continued) 
  

					
	 	  	 	  	Page

	 SECTION 3.07.
	  	Mutilated, Destroyed, Lost and Stolen Securities	  	18
	 SECTION 3.08.
	  	Payment of Interest; Interest Rights Preserved	  	19
	 SECTION 3.09.
	  	Persons Deemed Owners	  	19
	 SECTION 3.10.
	  	Cancellation	  	20
	 SECTION 3.11.
	  	Computation of Interest	  	20
	 SECTION 3.12.
	  	Currency Indemnity	  	20
	 SECTION 3.13.
	  	CUSIP Numbers	  	20
	 SECTION 3.14.
	  	Book-Entry Only System	  	20
			
	 	  	ARTICLE FOUR	  	 
			
	 	  	Redemption of Securities	  	 
			
	 SECTION 4.01.
	  	Applicability of Article	  	21
	 SECTION 4.02.
	  	Election To Redeem; Notice To Trustee	  	21
	 SECTION 4.03.
	  	Selection by Registrar of Securities To Be Redeemed	  	21
	 SECTION 4.04.
	  	Notice of Redemption	  	21
	 SECTION 4.05.
	  	Deposit of Redemption Price	  	22
	 SECTION 4.06.
	  	Securities Payable on Redemption Date	  	22
	 SECTION 4.07.
	  	Securities Redeemed in Part	  	22
	 SECTION 4.08.
	  	Redemption Suspended During Event of Default	  	22
			
	 	  	ARTICLE FIVE	  	 
			
	 	  	Covenants	  	 
			
	 SECTION 5.01.
	  	Payment of Principal, Premium and Interest	  	23
	 SECTION 5.02.
	  	Maintenance of Office or Agency	  	23
	 SECTION 5.03.
	  	Money for Security Payments To Be Held in Trust	  	23
	 SECTION 5.04.
	  	Additional Amounts	  	24
	 SECTION 5.05.
	  	Statement as to Compliance	  	24
	 SECTION 5.06.
	  	Maintenance of Corporate Existence, Rights and Franchises	  	25
			
	 	  	ARTICLE SIX	  	 
			
	 	  	Holders’ Lists and Reports by the Trustee and the Company	  	 
			
	 SECTION 6.01.
	  	Preservation of Information; Communications to Holders	  	25
	 SECTION 6.02.
	  	Reports, Records and Filings by the Trustee	  	26
	 SECTION 6.03.
	  	Reports by the Company	  	26
			
	 	  	ARTICLE SEVEN	  	 
			
	 	  	Events of Default and Remedies	  	 
			
	 SECTION 7.01.
	  	Events of Default	  	27
	 SECTION 7.02.
	  	Acceleration of Maturity; Rescission and Annulment	  	28
	 SECTION 7.03.
	  	Collection of Indebtedness and Suits for Enforcement by Trustee	  	28
	 SECTION 7.04.
	  	Trustee May File Proofs of Claim	  	29
	 SECTION 7.05.
	  	Trustee May Enforce Claims Without Possession of Securities	  	29
	 SECTION 7.06.
	  	Application of Money Collected	  	29
	 SECTION 7.07.
	  	Limitation on Suits	  	30
	 SECTION 7.08.
	  	Unconditional Right of Holders To Receive Principal, Premium and Interest	  	30
	 SECTION 7.09.
	  	Restoration of Rights and Remedies	  	30

  

 v 

 Table of Contents 
 (continued) 
  

					
	 	  	 	  	Page

	 SECTION 7.10.
	  	Rights and Remedies Cumulative	  	30
	 SECTION 7.11.
	  	Delay or Omission Not Waiver	  	31
	 SECTION 7.12.
	  	Control by Holders	  	31
	 SECTION 7.13.
	  	Waiver of Past Defaults	  	31
	 SECTION 7.14.
	  	Undertaking for Costs	  	31
	 SECTION 7.15.
	  	Waiver of Stay or Extension Laws	  	31
			
	 	  	ARTICLE EIGHT	  	 
			
	 	  	The Trustee	  	 
			
	 SECTION 8.01.
	  	Certain Duties and Responsibilities	  	32
	 SECTION 8.02.
	  	Notice of Default	  	32
	 SECTION 8.03.
	  	Certain Rights of Trustee	  	33
	 SECTION 8.04.
	  	Not Responsible for Recitals or Issuance of Securities	  	34
	 SECTION 8.05.
	  	May Hold Securities	  	34
	 SECTION 8.06.
	  	Money Held in Trust	  	34
	 SECTION 8.07.
	  	Compensation and Reimbursement	  	34
	 SECTION 8.08.
	  	Disqualification; Conflicting Interests	  	34
	 SECTION 8.09.
	  	Corporate Trustee Required; Eligibility	  	34
	 SECTION 8.10.
	  	Resignation and Removal; Appointment of Successor Trustee	  	35
	 SECTION 8.11.
	  	Acceptance of Appointment by Successor Trustee	  	36
	 SECTION 8.12.
	  	Merger, Conversion, Consolidation or Succession to Business of Trustee	  	37
	 SECTION 8.13.
	  	Preferential Collection of Claims Against the Company	  	37
	 SECTION 8.14.
	  	Appointment of Authenticating Agents	  	37
			
	 	  	ARTICLE NINE	  	 
			
	 	  	Supplemental Indentures	  	 
			
	 SECTION 9.01.
	  	Supplemental Indentures Without Consent of Holders	  	38
	 SECTION 9.02.
	  	Supplemental Indentures With Consent of Holders	  	39
	 SECTION 9.03.
	  	Execution of Supplemental Indentures	  	39
	 SECTION 9.04.
	  	Effect of Supplemental Indentures	  	39
	 SECTION 9.05.
	  	Conformity with Trust Indenture Act	  	40
	 SECTION 9.06.
	  	Reference in Securities to Supplemental Indentures	  	40
			
	 	  	ARTICLE TEN	  	 
			
	 	  	Amalgamation, Consolidation, Merger, Conveyance or Transfer	  	 
			
	 SECTION 10.01.
	  	Company May Consolidate, etc., Only on Certain Terms	  	40
	 SECTION 10.02.
	  	Successor Corporation Substituted	  	40
			
	 	  	ARTICLE ELEVEN	  	 
			
	 	  	Satisfaction and Discharge	  	 
			
	 SECTION 11.01.
	  	Option to Effect Legal Defeasance or Covenant Defeasance	  	41
	 SECTION 11.02.
	  	Legal Defeasance and Discharge	  	41
	 SECTION 11.03.
	  	Covenant Defeasance	  	41
	 SECTION 11.04.
	  	Conditions to Legal or Covenant Defeasance	  	41
	 SECTION 11.05.
	  	Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions	  	43

  

 vi 

 Table of Contents 
 (continued) 
  

					
	 	  	 	  	Page

	 SECTION 11.06.
	  	Repayment to the Company	  	43
	 SECTION 11.07.
	  	Reinstatement	  	43
	 SECTION 11.08.
	  	Satisfaction and Discharge of Indenture	  	43
	 SECTION 11.09.
	  	Application of Trust Money	  	44
			
	 	  	ARTICLE TWELVE	  	 
			
	 	  	Immunity of Incorporators, Stockholders, Officers and Directors	  	 
			
	 SECTION 12.01.
	  	Exemption from Individual Liability	  	44
			
	 	  	ARTICLE THIRTEEN	  	 
			
	 	  	Sinking Funds	  	 
			
	 SECTION 13.01.
	  	Applicability of Article	  	45
	 SECTION 13.02.
	  	Satisfaction of Sinking Fund Payments with Securities	  	45
	 SECTION 13.03.
	  	Redemption of Securities for Sinking Fund	  	45
			
	 	  	ARTICLE FOURTEEN	  	 
			
	 	  	Meetings of Holders of Securities	  	 
			
	 SECTION 14.01.
	  	Purposes for Which Meetings May Be Called	  	45
	 SECTION 14.02.
	  	Call, Notice and Place of Meetings	  	45
	 SECTION 14.03.
	  	Persons Entitled to Vote at Meetings	  	46
	 SECTION 14.04.
	  	Quorum; Action	  	46
	 SECTION 14.05.
	  	Determination of Voting Rights’ conduct and Adjournment of Meetings	  	46
	 SECTION 14.06
	  	Counting Votes and Recording Action of Meetings	  	47
			
	 	  	ARTICLE FIFTEEN	  	 
			
	 	  	Miscellaneous	  	 
			
	 SECTION 15.01.
	  	Counterparts	  	47

  

 vii 

 THIS INDENTURE, dated as of
                , 2005, is made by and between Wal-Mart Stores, Inc., a Delaware corporation (the “Company”), which has its principal executive office at 702
SW Eighth Street, Bentonville, Arkansas 72716 and J.P. Morgan Trust Company, National Association, a national banking association, at its corporate trust office at 227 West Monroe Street, Suite 2600, Chicago, Illinois 60606 (the
“Trustee”). 
  
 RECITALS OF THE COMPANY

  
 The Company deems it necessary from time to time to issue
its unsecured notes, debentures, bonds and other evidences of indebtedness that shall be issued in one or more Series (hereinafter called the “Securities”) as hereinafter set forth. To provide for the issuance and governance of the
Securities, the Company has duly authorized the execution and delivery of this Indenture. The Company has taken all actions necessary to make this Indenture a valid agreement of the Company. 
  
 For and in consideration of the premises set forth in this Indenture and the
purchase of the Securities by the Holders thereof, the Company and the Trustee mutually covenant and agree for the equal and proportionate benefit of all Holders of the Securities and of any Series thereof, as follows: 
  
 ARTICLE ONE 
  
 Definitions and Other 
 Provisions of General Application 
  
 SECTION 1.01. Definitions. For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires or
any Security issued hereunder shall expressly define a term defined below in a different manner: 
  
 (i) the term “this Indenture” means this instrument as originally executed or as it may from time to time be supplemented or
amended by one or more Supplemental Indentures entered into pursuant to the applicable provisions hereof and, with reference and respect to the Securities of any Series, the particular terms and conditions of that Series as established in accordance
with Section 3.01; 
  
 (ii) all references in
this Indenture to designated “Articles,” “Sections” and other subdivisions are to the designated Articles, Sections and other subdivisions of this Indenture. The words “herein,” “hereof” and
“hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision of this Indenture; 
  
 (iii) the terms defined in this Article have the meanings assigned to them in this Article and include the
plural as well as the singular; 
  
 (iv) all
other terms used herein that are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings assigned to them in the Trust Indenture Act; and 
  
 (v) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with
generally accepted accounting principles, and, except as may be otherwise expressly provided herein or in one or more Supplemental Indentures, the term “generally accepted accounting principles” with respect to any computation required or
permitted hereunder shall mean such accounting principles as are generally accepted at the date of such computation. 
  
 “Act,” when used with respect to any Holder, has the meaning specified in Section 1.04. 
  
 “Affiliate” means, with respect to any specified Person, 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” when used with respect to any specified Person means the power
to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to
the foregoing. 
  
 “Authenticating Agent” means any
Person authorized, pursuant to Section 8.14, to act on behalf of the Trustee to authenticate Securities. 
  

 1 

 “Authorized Newspaper” means a newspaper, in an official language of the country of publication
or in the English language, customarily published on each Business Day, whether or not published on Saturdays, Sundays or holidays, and of general circulation in the place in connection with which the term is used or in the financial community of
such place. Where successive publications are required to be made in Authorized Newspapers, the successive publications may be made in the same or in different newspapers in the same city meeting the foregoing requirements and in each case on any
Business Day. 
  
 “Authorized Officer” means each of the
Chairman of the Board, the Chief Executive Officer, the President, the Chief Operating Officer, any Vice Chairman of the Board, the Chief Financial Officer, any Executive Vice President, any Senior Vice President, any Vice President, the Controller
and the Treasurer of the Company. 
  
 “Board of
Directors” means, the board of directors of the Company, the executive committee of the board of directors of the Company or any other committee of the board of directors of the Company or any other group of the Company’s directors, which
other committee or group has been duly authorized by the Company’s board of directors or to which the Company’s board of directors has delegated the authority, either generally or specifically, to make a decision on the matter in question
or to bind the Company as to the matter in question. 
  
 “Board Resolution” means a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification,
and delivered to the Trustee. 
  
 “Business Day” means
any day, other than a Saturday or Sunday, on which banking institutions in the City of New York, New York and any Place of Payment for the Securities are open for business. 
  
 “Clearstream” means Clearstream Banking, société anonyme or its successors. 
  
 “Commission” means the United States Securities and Exchange
Commission, as from time to time constituted, created under the Exchange Act, or if any time after the execution and delivery of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust Indenture
Act, then the body performing such duties at such time. 
  
 “Company” has the meaning assigned to it in the first paragraph of this instrument until any successor entity or other business organization shall have become such pursuant to the applicable provisions of this Indenture, and
thereafter “Company” shall mean any such successor entity or other business organization to the Person named in the first paragraph of this instrument. 
  
 “Company Request” and “Company Order” mean, respectively, a written request or order signed in the name
of the Company by an Authorized Officer, and delivered to the Trustee. 
  
 “corporation” includes corporations, companies limited by shares, partnerships, limited liability companies, joint ventures, associations, joint-stock companies, real estate investment trusts, statutory trusts and business trusts.

  
 “Defaulted Interest” has the meaning specified in
Section 3.08. 
  
 “Definitive Security” means one or
more certificated Securities registered in the name of the Holder thereof and issued in accordance with Section 3.06. 
  
 “Depositary” means, with respect to the Securities of any Series issuable or issued in the form of a Global Security, the Person initially
designated as the depositary for the Securities of that Series by the Company pursuant to Section 3.01 until a successor Depositary shall have been appointed for the Securities of that Series pursuant to Section 3.06, and thereafter
“Depositary” shall mean or include each Person who is appointed as a depositary with respect to the Securities of that Series pursuant to Section 3.06. 
  
 “Designated Currency” has the meaning specified in Section 3.12. 
  
 “Dollar” or “$” means the coin or currency of the United
States of America as at the time of payment is legal tender for the payment of public and private debts. 
  
 “Euroclear” means Euroclear Bank S.A./N.V. 
  
 “Event of Default” has the meaning specified in Section 7.01. 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any statute successor
thereto. 
  

 2 

 “Exchange Rate” means, with respect to any Securities of a Series that are denominated in the
currency of one country, a common currency or a composite currency, but are required to be paid in, or, at the option of the Holders of the Securities, will be payable in, the currency of another country, a common currency or a composite currency,
the rate at which the currency, the common currency or the composite currency of denomination will be converted into the currency, the common currency or the composite currency of payment or determined in accordance with the terms of those
Securities. 
  
 “Exchange Rate Agent” means an agent
appointed to determine the Exchange Rate if it is not expressly stated in the terms of any Security and to calculate the amounts payable under a Security if payable in the currency of a country, a common currency or a composite currency other than
the currency in which that Security is denominated. 
  
 “Federal Bankruptcy Code” means the Bankruptcy Reform Act of 1978, as amended and as codified in Title 11 of the United States Code, as amended from time to time hereafter, or any successor federal law. 
  
 “Foreign Currency” means a currency issued by the government of any
country other than the United States of America, including any common currency and composite currency. 
  
 “Global Exchange Date” has the meaning specified in Section 3.05(b)(ii). 
  
 “Global Security” means a Security issued to evidence all or a part of the Securities of a Series in accordance
with Section 3.03. 
  
 “Government Securities” means (i)
direct obligations of the United States of America, (ii) obligations the timely payment of the principal of and interest on which is fully and unconditionally guaranteed by the United States of America, and (iii) certificates, depositary receipts or
other instruments which evidence a direct ownership interest in obligations described in clause (i) or (ii) above or in any specific principal or interest payments due in respect thereof. 
  
 “Holder” means, with respect to a Registered Security, a Person in whose name such Registered Security is
registered in the Registry. 
  
 “incorporated provision”
has the meaning specified in Section 1.08. 
  
 “interest” means, when used with respect to an Original Issue Discount Security that by its terms bears interest only after Maturity, the interest accruing with respect to that Security after Maturity. 
  
 “Interest Payment Date” means, with respect to any Series of
Securities, the Stated Maturity of an installment of interest on such Securities. 
  
 “Maturity” means, with respect to any Security, the date on which the principal of that Security (or any installment of principal) becomes due and payable as therein or herein provided, whether at the Stated
Maturity or by declaration of acceleration, pursuant to any redemption right, pursuant to any put or repurchase right or otherwise. 
  
 “Officers’ Certificate” means a certificate signed by an Authorized Officer and by the Treasurer, an Assistant Treasurer, the Secretary or
an Assistant Secretary of the Company, and delivered to the Trustee. Each such certificate shall contain the statements set forth in Section 1.02, if applicable. 
  
 “Opinion of Counsel” means a written opinion of counsel, who may (except as otherwise expressly provided in this
Indenture) be an employee of the Company, and who shall be reasonably acceptable to the Trustee. Each such opinion shall contain the statements set forth in Section 1.02, if applicable. 
  
 “Original Issue Discount Security” means any Security that provides for an amount less than the principal amount
thereof that will be due and payable on the Stated Maturity to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 7.02. 
  
 “Outstanding” means, with respect to all Securities issued pursuant to this Indenture or the Securities of any
Series, as of the date of determination, all such Securities theretofore authenticated and delivered under this Indenture, except: 
  
 (i) those Securities theretofore canceled by the Trustee or delivered to the Trustee for cancellation; 
  
 (ii) those Securities for whose payment, redemption or
repurchase money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in 

  

 3 

 
trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Securities; provided
that, if such Securities are to be redeemed pursuant to any redemptive right, or repurchased pursuant to any payment or repurchase right, notice of such redemption has been duly given pursuant to this Indenture or a provision therefor satisfactory
to the Trustee has been made; and 
  
 (iii) such
Securities in lieu of which other Securities have been authenticated and delivered pursuant to Section 3.07 of this Indenture; 
  
 provided, however, that in determining whether the Holders of the requisite principal amount of such Securities Outstanding have given or made any request, demand,
authorization, direction, notice, consent or waiver hereunder or whether a quorum is present at a meeting of Holders of Securities, the principal amount of Original Issue Discount Securities 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 7.02, and Securities owned by the Company or any other
obligor upon the Securities or any Affiliate of the Company or such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand,
authorization, direction, notice, consent or waiver, only Securities that a Responsible Officer of the Trustee actually knows to be so owned shall be disregarded. Securities so owned that have been pledged in good faith may be regarded as
Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the securities of any Affiliate of the
Company or such other obligor. 
  
 “Participant” means,
with respect to the Depositary, a Person who maintains an account with the Depositary, respectively (and, with respect to The Depository Trust Company, shall include Euroclear and Clearstream, Luxembourg) as a participant in the Depositary.

  
 “Paying Agent” has the meaning specified in Section
3.04. 
  
 “Person” means any individual, corporation,
company limited by shares, partnership, limited liability company, joint venture, association, joint-stock company, trust, real estate investment trust, statutory trust, business trust, unincorporated organization or government or any agency or
political subdivision thereof. 
  
 “Place of Payment”
means, with respect to the Securities of any Series, the place or places where, subject to the provisions of Sections 3.04 and 5.02, the principal of, premium, if any, and interest on the Securities of that Series are payable as specified in
accordance with the terms of the Securities of that Series. 
  
 “Predecessor Security” means, with respect to any particular Security, every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and for the purposes of this definition,
any Security authenticated and delivered under Section 3.07 in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
  
 “Principal 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 of execution of this instrument is at the address set forth in the first paragraph of this instrument. 
  
 “Principal Paying Agent” means the Paying Agent, if any, designated
as such by the Company pursuant to Section 3.01 of this Indenture. 
  
 “Redemption Date” means, with respect to any Security to be redeemed, the date fixed for such redemption pursuant to this Indenture. 
  
 “Redemption Price” means, with respect to any Security to be redeemed, the price specified in, or determined in accordance with the terms of,
such Security at which it is to be redeemed pursuant to such Security and this Indenture. 
  
 “Registered Security” means any Security in the form established pursuant to Section 2.02 that is registered in the Registry. 
  
 “Registrar” has the meaning specified in Section 3.04. 
  
 “Registry” has the meaning specified in Section 3.04. 

 

 4 

 “Regular Record Date” means, for the interest payable on any Security on any Interest Payment
Date, the date, if any, specified in such Security as the “Regular Record Date” or as the “Record Date.” 
  
 “Repurchase Date” means, with respect to any Security to be repurchased, the date fixed for such repurchase pursuant to the terms of that
Security and this Indenture. 
  
 “Repurchase Price”
means, with respect to any Security to be repurchased pursuant to the terms of that Security and this Indenture, the price specified in, or determined in accordance with the terms of, such Security at which it is to be repurchased pursuant to the
terms of that Security and this Indenture. 
  
 “Responsible
Officer” means, when used with respect to the Trustee, any officer of the Trustee with direct responsibility for the administration of this Indenture and also means, with respect to a particular corporate trust matter, any other officer of the
Trustee to whom such matter is referred because of that officer’s knowledge of and familiarity with the particular subject. 
  
 “Security” or “Securities” means any Security or Securities, as the case may be, authenticated and delivered under this Indenture;
provided, however, that, if at any time more than one Person is acting as Trustee under this Indenture, “Securities,” with respect to any such Person, shall mean Securities authenticated and delivered under this Indenture, exclusive,
however, of Securities of any Series as to which such Person is not Trustee. 
  
 “Series” means a series of Securities designated or established pursuant to Section 3.01, all of which Securities in such series shall have like terms and conditions (other than the principal amount
thereof). 
  
 “Series Terms Certificate” has the meaning
specified in Section 3.01. 
  
 “Special Record Date”
means the date fixed by the Trustee pursuant to Section 3.08 for the payment of any Defaulted Interest. 
  
 “Stated Maturity” means, when used with respect to any Security of any Series or any payment or installment of principal thereof or interest
payable pursuant to the Security, the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest payable pursuant to that Security, is due and payable. 
  
 “Subsidiary” means, with respect to the Company, a corporation,
limited liability company, company limited by shares, trust, real estate investment trust, statutory trust, business trust, partnership, joint stock company, or unincorporated association, at least a majority of the outstanding voting equity
interests of which are owned, directly or indirectly, by the Company, or by the Company and one or more other Subsidiaries of the Company. For purposes of this definition, the term “voting equity interests” means equity interests having
ordinary voting power for the election of directors, managers, trustees or other Persons in which the power to manage the entity issuing such equity interests is vested, irrespective of whether or not equity interests of any other class or classes
shall have or might have voting power by reason of the occurrence of any contingency. 
  
 “Supplemental Indenture” means an indenture supplemental to this Indenture, which supplements, amends or modifies this Indenture and is entered into by the parties to this Indenture as provided in Article
Nine. 
  
 “Trustee” means the Person named as the
“Trustee” in the first paragraph of this instrument until a successor Trustee shall have become the Trustee pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who
is then a Trustee hereunder, and if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any Series shall mean the Trustee with respect to Securities of that Series. 
  
 “Trust Indenture Act” or “TIA” means the Trust Indenture
Act of 1939, as in force at the date as of which this instrument was executed, and, to the extent required by law, as amended. 
  
 “United States” means the United States of America (including the States and the District of Columbia), its territories, its possessions and
other areas subject to its jurisdiction. 
  
 “United States
Alien” means, except as otherwise provided in or pursuant to this Indenture, any Person who, for United States Federal income tax purposes, is a foreign corporation, a nonresident alien individual, a nonresident alien fiduciary of a foreign
estate or trust, or a foreign partnership, one or more of the members of which is, for United States Federal income tax purposes, a foreign corporation, a nonresident alien individual or a nonresident alien fiduciary of a foreign estate or trust.

  

 5 

 “Vice President” means, when used with respect to the Company or the Trustee, any Vice
President, whether or not designated by a number or a word or words added before or after the title “Vice President.” 
  
 SECTION 1.02. Compliance Certificates and Opinions. Upon any application or request by the Company to the Trustee to take any action under any
provision of this Indenture, the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion
of Counsel stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required
by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. 
  
 Every certificate or opinion with respect to compliance with a condition provided for in this Indenture (except as otherwise expressly provided in this
Indenture or a certificate provided pursuant to TIA §314(a)(4)) shall comply with the provisions of TIA §314(e) and shall include: 
  
 (i) a statement that each individual signing such certificate or opinion has read such condition or covenant and the definitions herein
relating thereto; 
  
 (ii) 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; 
  
 (iii) a statement which, in the opinion of each such individual, he has made such examination or investigation as is necessary to enable
him to express an informed opinion as to whether or not such condition or covenant has been complied with; and 
  
 (iv) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 
  
 SECTION 1.03. Form of Documents Delivered to Trustee. (a) In any case
where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or
covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or
several documents. 
  
 (b) Any certificate or opinion of an
officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that the certificate or
opinion or representations with respect to the matters upon which such officer’s certificate or opinion is based are erroneous. Any such certificate provided by counsel or Opinion of Counsel may be based, insofar as it relates to factual
matters, upon a certificate or opinion of, or representations by, an officer or officers of the Company, stating that the information with respect to such factual matters is in the possession of the Company, unless such counsel knows, or in the
exercise of reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. 
  
 (c) Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other
instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
  
 SECTION 1.04. Acts of Holders. (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this
Indenture or in the Securities of any Series to be given or taken by Holders or Holders of the Securities of that Series may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or
by an agent duly appointed in writing or, if such is authorized by the vote of the Holders at a meeting of the Holders duly called in accordance with the provisions of Article Fourteen, a record of the actions taken by the Holders at that meeting.
Except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments or record or both are delivered to the Trustee, and, where it is hereby expressly required, to the Company. Such instrument or
instruments and any such record (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments and so voting at any such meeting. Proof of
execution of any such instrument or of a writing appointing any such agent, or any such Person being a Holder of a Security, shall be sufficient for any purpose of this Indenture and (subject to Section 8.01) conclusive in favor of the Trustee and
the 

  

 6 

 
Company, if made in the manner provided in this Section. The record of any meeting of Holders of Securities shall be proved in the manner provided in Section
14.06. 
  
 (b) The fact and date of the execution by any Person of
any such instrument or writing may be proved by the affidavit of a witness of such execution or by the certificate of any notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such
instrument or writing acknowledged to him the execution thereof. Where such execution is by or on behalf of any legal entity other than an individual, such certificate or affidavit shall also constitute proof of the authority of the Person executing
the same. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner that the Trustee deems sufficient. 
  
 (c) The ownership of Registered Securities shall be proved by the Registry.

  
 (d) Any request, demand, authorization, direction, notice,
consent, waiver or other action by the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in
respect of any action taken, suffered or omitted by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Security. 
  
 (e) For purposes of determining the principal amount of Outstanding Securities of any Series the Holders of which are
required, requested or permitted to give any request, demand, authorization, direction, notice, consent, waiver or take any other Act under the Indenture, each Security denominated in a Foreign Currency or composite currency shall be deemed to have
the principal amount determined by the Exchange Rate Agent by converting the principal amount of such Security in the currency in which such Security is denominated into Dollars at the Exchange Rate as of the date such Act is delivered to the
Trustee and, where it is hereby expressly required, to the Company, by Holders of the required aggregate principal amount of the Outstanding Securities of such Series (or, if there is no such rate on such date, such rate on the date determined as
specified as contemplated in Section 3.01). 
  
 (f) The Company
may, in the circumstances permitted by the Trust Indenture Act, set a record date for purposes of determining the identity of Holders of Securities of any Series entitled to give any request, demand, authorization, direction, notice, consent, waiver
or take any other Act, or to vote or consent to any action by vote or consent authorized or permitted to be given or taken by Holders of Securities of such Series. If not set by the Company prior to the first solicitation of a Holder of Securities
of such Series made by any Person in respect of any such action, or in the case of any such vote, prior to such vote, such record date shall be the later of 30 days prior to the first solicitation of such consent or the date of the most recent list
of Holders of such Securities furnished to the Trustee pursuant to Section 6.01 prior to the commencement of such solicitation. 
  
 (g) Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to any particular Security may do so with regard
to all or any part of the principal amount of such Security or by one or more duly appointed agents, each of which may do so pursuant to such appointment with regard to all or any part of such principal amount. Any notice given or action taken by a
Holder or its agents with regard to different parts of such principal amount pursuant to this paragraph shall have the same effect as if given or taken by separate Holders of each such different part. 
  
 (h) Without limiting the generality of the foregoing, unless otherwise
specified pursuant to Section 3.01 or pursuant to one or more Supplemental Indentures, a Holder, including a Depositary that is the Holder of a Global Security, may make, give or take, by a proxy or proxies duly appointed in writing, any request,
demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to be made, given or taken by Holders, and a Depositary that is the Holder of a Global Security may provide its proxy or proxies to the beneficial
owners of interests in any such Global Security through such Depositary’s standing instructions and customary practices. 
  
 (i) The Company may fix a record date for the purpose of determining the Persons who are beneficial owners of interests in any Global Security held by a
Depositary entitled under the procedures of such Depositary to make, give or take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to
be made, given or taken by Holders. If such a record date is fixed, the Holders on such record date or their duly appointed proxy or proxies, and only such Persons, shall be entitled to make, give or take such request, demand, authorization,
direction, notice, consent, waiver or other action, whether or not such Holders remain Holders after such record date. No such request, demand, 

  

 7 

 
authorization, direction, notice, consent, waiver or other action shall be valid or effective if made, given or taken more than 90 days after such record
date. 
  
 SECTION 1.05. Notices, etc., to Trustee and
Company. Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with: 
  
 (i) the Trustee by any Holder or by the Company shall be
sufficient for every purpose hereunder if made, given, furnished or filed in writing to or with the Trustee at its Principal Corporate Trust Office, Attention: Corporate Trustee Administration Department; or 
  
 (ii) the Company by any Holder or by the Trustee shall be
sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, by certified or registered mail, with the postage prepaid, to the Company, to the attention of its Treasurer, or by an overnight delivery
service that provides for confirmed receipts of delivery addressed to it at the address of its principal office specified in the first paragraph of this Indenture or at any other address previously furnished in writing to the Trustee by the Company.

  
 SECTION 1.06. Notices to Holders; Waiver. Where this
Indenture or any Security provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein or in such Security expressly provided) if in writing and mailed, first class, postage prepaid, to each Holder of
Registered Securities affected by such event, at the Holder’s address as it appears in the Registry, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In case by reason of the
suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice to Holders of Registered Securities by mail, then such notification as shall be made at a time and in a manner approved by the Trustee
shall constitute a sufficient notification for every purpose hereunder. In any case where notice to Holders of Registered Securities is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular
Holder of Registered Securities shall affect the sufficiency of such notice with respect to other Holders of Registered Securities. 
  
 Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before
or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such
waiver. 
  
 SECTION 1.07. Language of Notices, etc. Any
request, demand, authorization, direction, notice, consent, or waiver required or permitted under this Indenture shall be in the English language, except that any published notice may be in an official language of the country of publication.

  
 SECTION 1.08. Conflict with Trust Indenture Act. If and
to the extent that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by, or with another provision (an “incorporated provision”) included in this Indenture by operation of, Sections 310 to 318,
inclusive, of the TIA, such imposed duties or incorporated provision shall control. 
  
 SECTION 1.09. Effect of Headings and Table of Contents. The Article and Section headings herein and the Table of Contents are for convenience of reference only and shall not affect the construction hereof.

  
 SECTION 1.10. Successors and Assigns. All covenants and
agreements in this Indenture by the Company shall bind its successors and assigns, whether so expressed or not. 
  
 SECTION 1.11. Severability Clause. In case any provision in this Indenture or in the Securities of any Series shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
  
 SECTION 1.12. Benefits of Indenture. Nothing in this Indenture or in the Securities, express or implied, shall give to any Person, other than the
parties hereto and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture. 
  
 SECTION 1.13. Legal Holidays. Unless otherwise provided as contemplated by Section 3.01 with respect to any Series of Securities, in any case where
any Interest Payment Date, Stated Maturity, Repurchase Date 

  

 8 

 
or Redemption Date of any Security or any date on which any Defaulted Interest is proposed to be paid shall not be a Business Day at any Place of Payment,
then (notwithstanding any other provisions of the Securities or this Indenture) payment of the principal of, premium, if any, or interest on any Securities need not be made at such Place of Payment on such date, but may be made on the next
succeeding Business Day with the same force and effect as if made on the Interest Payment Date, Stated Maturity, Repurchase Date or Redemption Date or on the date on which Defaulted Interest is proposed to be paid, and, if such payment is made, no
interest shall accrue on such payment for the period from and after any such Interest Payment Date, Stated Maturity, Repurchase Date or Redemption Date, or date on which Defaulted Interest is proposed to be paid, as the case may be. 
  
 SECTION 1.14. Governing Law. This Indenture and each of the Securities
shall be construed in accordance with and governed by the laws of the State of New York. 
  
 SECTION 1.15. Submission to Jurisdiction. Each of the parties hereto agrees that any suit, action or proceeding arising out of or based upon this Indenture, the Securities or the transactions contemplated
hereby or thereby, may be instituted in any of the courts of the State of New York and the United States District Courts, in each case located in the Borough of Manhattan, The City of New York. In addition, each such party irrevocably waives, to the
fullest extent permitted by law, any objection which it may now or hereafter have to the laying of the venue of such suit, action or proceeding brought in any such court and irrevocably waives any claim that any such suit, action or proceeding
brought in any such court has been brought in an inconvenient forum. Each such party hereby irrevocably waives any and all right to trial by jury in any suit, action or proceeding arising out of or relating to this Indenture, the Securities or the
transactions contemplated hereby or thereby. Each such party agrees that final judgment in any suit, action or proceeding brought in such a court shall be conclusive and binding upon it and may be enforced in any court to whose jurisdiction it is
subject by a suit upon such judgment. 
  
 For purposes of any such
suit, action or proceeding brought in any of the foregoing courts, the Company irrevocably designates CT Corporation System, whose address on the date hereof is 111 Eighth Avenue, New York, New York 10011, U.S.A., to receive for and on behalf of it
and its property service of copies of the summons and complaints and any other process, by personal service or by mail, which may be served in any such suit, action or proceeding. Such service may be made by mailing or delivering a copy of such
process to such agent at the above address. In the event that such agent for service of process resigns or ceases to serve as the agent of the Company, the Company agrees to give notice (as provided herein) to the Trustee of the name and address of
any new agent for service of process with respect to it appointed hereunder. The Company agrees that the failure of its agent for service of process to forward such service to it shall not impair or affect the validity of such service or of any
judgment based thereof. 
  
 If, despite the foregoing, in any such
suit, action or proceeding brought in any of the aforesaid courts, there is for any reason no such agent for service of process for each of the parties available to be served, then to the extent that service of process by mail shall then be
permitted by applicable law, each of such parties further irrevocably consents to the service of process on it in any such suit, action or proceeding in any such court by the mailing thereof by registered or certified mail, postage prepaid, to it at
its address given in or pursuant to Section 1.05 hereof. 
  
 Nothing herein contained shall preclude any party from effecting service of process in any lawful manner or from bringing any suit, action or proceeding in respect of this Indenture in any other state, country or jurisdiction. 

 
 To the extent that the Company may in any jurisdiction claim for itself or
its property any immunity from suit, execution, attachment (whether in aid of execution, before judgment or otherwise) or other legal process and to the extent that in any such jurisdiction there may be attributed to itself or its property such
immunity (whether or not claimed), the Company irrevocably agrees not to claim and irrevocably waives such immunity to the fullest extent permitted by the laws of such jurisdiction. 
  
 ARTICLE TWO 
  
 Forms of the Securities 
  
 SECTION 2.01. Forms Generally. (a) All Securities shall have such appropriate terms, insertions, omissions, substitutions and other variations as
are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange and the
Depositary, if any, for Securities of a Series or 

  

 9 

 
as may, consistently herewith, be determined by the Authorized Officers executing such Securities, as evidenced by their execution of the Securities.

  
 (b) Unless otherwise provided as contemplated by Section 3.01
with respect to any Series of Securities, the Securities of each Series shall be issuable in registered form without coupons. 
  
 (c) The Securities shall be printed, typewritten, lithographed or engraved or produced by any combination of these methods on any type of paper, as
determined by the officers executing such Securities, as evidenced by their execution of such Securities. 
  
 SECTION 2.02. Form of Securities. Each Security in a Series shall be in a form approved by or pursuant to a Supplemental Indenture or a Board
Resolution or by an Authorized Officer or Authorized Officers pursuant to authority delegated to that Authorized Officer or those Authorized Officers pursuant to a Board Resolution. If the form of the Securities of a Series is not prescribed by the
Supplemental Indenture relating to that Series, upon or prior to the delivery to the Trustee for authentication of the first Security to be issued of that Series, the Company shall deliver to the Trustee, the Board Resolution by or pursuant to which
such form of the Security for that Series has been approved, which Board Resolution shall have attached thereto a copy of the form of the Security approved, or a certificate of an Authorized Officer, attested to by the Secretary or an Assistant
Secretary of the Company, certifying that an Authorized Officer, acting pursuant to delegated authority from the Board of Directors, approved the form of the Securities of that Series and attaching a copy of the form of the Security approved and a
true and complete copy of the resolutions of the Board of Directors delegating authority to that Authorized Officer to approve the form of Securities. If temporary Securities of any Series are issued in global form as permitted by Section 3.05, the
form thereof also shall be established as provided in this Section 2.02. 
  
 SECTION 2.03. Form of Trustee’s Certificate of Authentication. The Trustee’s certificates of authentication on the Securities issued pursuant to this Indenture shall be in substantially the following
form: 
  
 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

			
	J.P. Morgan Trust Company, National Association, as Trustee,
		
	By	 	 
	 	 	Authorized Signatory

  
 SECTION 2.04.
Global Securities. If Securities of a Series are issuable in whole or in part in global form, as specified as contemplated by Section 3.01, then, notwithstanding clause (xiv) of Section 3.01 and the provisions of Section 3.02, such Global
Security shall represent such of the outstanding Securities of that Series as shall be specified in such Global Security and may provide that it shall represent the aggregate amount of Outstanding Securities from time to time endorsed thereon and
that the aggregate amount of Outstanding Securities represented thereby may from time to time be reduced or increased to reflect exchanges or partial redemptions or increased to reflect the issuance of additional uncertificated Securities of that
Series. Any endorsement of a Global Security to reflect the amount, or any increase or decrease in the amount, of Outstanding Securities of a Series represented thereby shall be made in such manner and upon instructions given by such Person or
Persons as shall be specified therein or in the Company Order to be delivered to the Trustee pursuant to Section 3.03 or Section 3.05. 
  
 Global Securities shall be issued in registered form and in either temporary or permanent form. 
  

 10 

 ARTICLE THREE 
  
 The Securities 
  
 SECTION 3.01. Terms of Securities. The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is
unlimited. The Company may issue up to the aggregate principal amount of Securities from time to time authorized by or pursuant to one or more Board Resolutions of the Company. 
  
 The Securities of the Company may be issued in one or more Series. All Securities of each Series issued under this Indenture
shall in all respects be equally and ratably entitled to the benefits hereof with respect to that Series without preference, priority or distinction on account of the actual time or times of the authentication and delivery or Maturity of the
Securities of such Series. Unless expressly provided otherwise with respect to a Series, not all Securities of a Series need be issued at the same time, and, unless otherwise provided in the Securities of that Series or in this Indenture, a Series
may be reopened and the aggregate principal amount of the Securities of a Series may be increased and additional Securities of that Series may be issued up to a maximum aggregate principal amount authorized for that Series, as that maximum aggregate
principal amount may be increased from time to time. All Securities of a Series shall rank equally among themselves and with the other existing and future unsecured, unsubordinated indebtedness of the Company. 
  
 The Company may from time to time establish one or more Series pursuant to
this Indenture. A Series shall be established by (1) the execution and delivery of a Supplemental Indenture or (2) the adoption of a Board Resolution by the Board of Directors establishing that Series. The specific terms and conditions of the
Securities of any Series established shall be determined and set either (1) by the Supplemental Indenture that establishes the Series, (2) if the Series is established by a Supplemental Indenture, to the extent that those specific terms and
conditions are not determined and set by that Supplemental Indenture, by the adoption of a Board Resolution or Board Resolutions by the Board of Directors and, to the extent that those specific terms and conditions are not determined and set by the
Supplemental Indenture or by the adoption of a Board Resolution or Board Resolutions by the Board of Directors or by a combination of those means of determining and setting the specific terms and conditions of the Securities of that Series, by the
action of one or more Authorized Officers pursuant to authority to determine and set the specific terms and conditions of the Securities of that Series specifically delegated by the Board of Directors to that Authorized Officer or those Authorized
Officers or (3) if the Series is established by action of the Board of Directors, to the extent that those specific terms and conditions are not set by the adoption of a Board Resolution or Board Resolutions by the Board of Directors, by the action
of one or more Authorized Officers pursuant to authority to determine and set the specific terms and conditions of the Securities of that Series specifically delegated by the Board of Directors to that Authorized Officer or those Authorized
Officers. If the specific terms and specific conditions of the Securities of a Series are determined and set by action of the Board of Directors, that action shall be evidenced by a Board Resolution. If the specific terms and conditions of the
Securities of a Series established by action of the Board of Directors are determined and set by an Authorized Officer or Authorized Officers pursuant to authority delegated to them by the Board of Directors, that action shall be evidenced by a
certificate executed by the Authorized Officer or Authorized Officers determining and setting those terms and conditions, which certificate shall also be attested to by the Secretary or an Assistant Secretary of the Company (a “Series Terms
Certificate”). If the specific terms and conditions of the Securities of a Series established by action of the Board of Directors are determined and set by an Authorized Officer or Authorized Officers pursuant to authority delegated to them by
the Board of Directors and a Series Terms Certificate has been delivered in connection with the establishment of the terms and conditions of the Securities of a Series and the issuance of the Securities of that Series, an additional Series Term
Certificate shall not be required to be delivered in connection with any subsequent issuance of additional Securities of that Series. 
  
 Upon a Series being established and the specific terms and conditions of the Securities of that Series being determined and set otherwise than through a
Supplemental Indenture, the Company shall cause to be delivered to the Trustee an Officers’ Certificate of the Company signed by an Authorized Officer and attested to by the Secretary or Assistant Secretary of the Company certifying that the
Series has been established and the specific terms and conditions of the Securities of the Series have been determined and set and attaching to that Officers’ Certificate (1) the Board Resolution establishing the Series, (2) the Board
Resolution or Board Resolutions determining and setting the specific terms and conditions of the Securities of that Series or providing for the delegation of authority to one or more Authorized Officers to determine and set the specific terms and
conditions of the Securities of that Series and (3) if an Authorized Officer or Authorized Officers has determined and set the specific terms and conditions of the Securities of that Series, attaching the Series Terms Certificate evidencing the
action of that Authorized Officer or 

  

 11 

 
those Authorized Officers. The Officers’ Certificate of the Company that is required to be delivered to the Trustee in accordance with the immediately
preceding sentence, may be provided before or at the time of the consummation of the first issuance of Securities of the Series to which the Officers’ Certificate relates. 
  
 Each Board Resolution of the Company determining and setting the specific terms and conditions of the Securities of a Series
and each Series Terms Certificate shall set forth therein, and each Supplemental Indenture setting forth the terms and conditions of the Securities of a Series, shall set forth the following information as to the terms and conditions of that Series:

  
 (i) the title of the Securities of the Series
(which shall distinguish the Securities of the Series from all other Securities); 
  
 (ii) if any limit has been established upon the aggregate principal amount or aggregate initial public offering price of the Securities of
the Series that 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 that Series pursuant to this Article
Three or Sections 4.07 or 9.06), the maximum aggregate principal amount or aggregate initial public offering price of the Securities of the Series that 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 that Series pursuant to this Article Three or Section 4.07 or 9.06); 
  
 (iii) if any priority of payment is set for the Securities of the Series, the nature and terms of that
priority of payment set for the Securities of the Series; 
  
 (iv) the date or dates on which the principal of and premium, if any, on the Securities of the Series or each installment of the principal of the Securities of the Series is payable; 
  
 (v) the rate or rates, if any, at which the Securities of
the Series shall bear interest, or the method or methods by which the rate or rates, if any, at which the Securities of the Series shall bear interest may be determined, the date or dates from which any interest shall accrue, the Interest Payment
Dates on which any accrued interest shall be payable, the Regular Record Date for the interest payable on any Interest Payment Date and the basis upon which interest shall be calculated if other than that of a 360-day year consisting of twelve
30-day months; 
  
 (vi) if any of the Securities
of the Series will be issued as Original Issue Discount Securities, the terms on which such Securities of the Series will be issued as Original Discount Securities and the portion of the principal amount as shown on the face of those Securities that
shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 7.02 or at the time of any prepayment of those Securities or the method or methods for determining that portion of that principal amount payable at any of
those times; 
  
 (vii) if the Company will have
the right to prepay the Securities of the Series in whole or in part, the terms on which the Company may prepay the Securities of the Series in whole or in part, the time or times at which any such prepayment may be made, whether the prepayment may
be made in whole or may be made in part from time to time and the terms and conditions on which such prepayment may be made, including the obligation to pay any premium, any break funding costs or any make-whole amount; 
  
 (viii) if any Securities of the Series will be issuable in
temporary or permanent global form, the extent to which any of the Securities of the Series will be issuable in temporary or permanent global form, the Depositary or Depositaries for such Global Security or Global Securities, the terms and
conditions, if any, upon which such Global Security may be exchanged in whole or in part for Definitive Securities, and the manner in which any interest payable on a temporary or permanent Global Security will be paid, whether or not consistent with
Section 3.05 or 3.06; 
  
 (ix) the office or
offices or agency where, subject to Sections 3.04 and 5.02, the Securities may be presented for registration of transfer or exchange; 
  
 (x) the place or places where, subject to the provisions of Sections 3.04 and 5.02, the principal of and premium, if any and interest, if
any, on Securities of the Series shall be payable; 
  
 (xi) if the Company will have any right to redeem or repurchase the Securities of the Series, in whole or in part, at its option, the terms of the right or rights of the Company to redeem or repurchase the 

  

 12 

 
Securities of the Series, in whole or in part, at its option, the time or times or the period or periods within which, the price or prices at which, or the
method or methods for determining the price or prices at which, and the terms and conditions upon which, Securities of the Series may be redeemed or repurchased by the Company at its option; 
  
 (xii) if the Company will be obligated to redeem or
repurchase any Securities of the Series, the terms upon which the Company will be obligated to repurchase or redeem Securities of the Series, whether pursuant to any sinking fund or analogous provisions or without the benefit of any sinking fund or
analogous provisions, stating whether each such redemption will be at the option of a Holder of any Security of a Series or upon the occurrence of any stated event or satisfaction of any condition or conditions, the time or times or the period or
periods within which, the price or prices at which, or the method or methods for determining the price or prices at which, and the terms and conditions upon which, the Securities of the Series shall be redeemed, repaid or repurchased, in whole or in
part, pursuant to such obligation; 
  
 (xiii) if
any Securities of the Series will be convertible into any other securities of the Company or exchangeable for other securities of the Company or any other Person, the terms on which any Securities of the Series will be convertible into any other
securities of the Company or exchangeable for other securities of the Company or any other Person, the conversion or exchange price or prices or conversion or exchange ratio or ratios, when such conversion or exchange may occur, or the method or
methods of determining that price or prices or that ratio or ratios and the other terms and conditions, including anti-dilution terms, upon which any conversion or exchange may occur; 
  
 (xiv) if other than denominations of $2,000 and any integral multiple of $1,000 in excess thereof, the
denominations in which Registered Securities of the Series shall be issuable; 
  
 (xv) the currency or currencies in which payment of the principal of, and premium, if any, interest on and any other amounts owing with respect to the Securities of that Series will be made, which may be in Dollars, a
Foreign Currency or composite currency, any currency or currencies, if any, in which, at the election of each of the Holders thereof, payment of the principal of, and premium, if any, the interest and any other amounts owing with respect to
Registered Securities, may be payable which may be in Dollars, Foreign Currency or composite currency, and the periods within which and the terms and conditions upon which such election is to be made, the Exchange Rate for calculating the amount of
the payment in a currency other than the currency or currencies in which the Securities of that Series are denominated or, if the Exchange Rate is not expressly stated in the Securities of that Series, the method or methods for determining the
Exchange Rate, the Exchange Rate Agent, and if any payment may be made in a composite currency, the agency or organization, if any, responsible for overseeing such composite currency; 
  
 (xvi) if the amount of payments of principal of, premium, if any, or any interest on Securities of the
Series may be determined with reference to an index, the method or methods by which such amounts shall be determined; 
  
 (xvii) if the Securities of the Series will be subordinated in right of payment to other Securities or other indebtedness of the Company,
the terms and conditions of that subordination; 
  
 (xviii) if additional amounts will be payable to Holders of Securities of the Series pursuant to Section 5.04, the terms (other than the terms expressly set forth in Section 5.04) upon, and conditions under, which such additional amounts
will be payable; 
  
 (xix) if any Securities of
the Series will be issued on a book-entry only basis, any appropriate information with respect to book-entry procedures to the extent that the book-entry procedures relating to those Securities of the Series will deviate from customary book-entry
procedures in effect at the time at which the terms and conditions of the Securities of the Series are established; 
  
 (xx) any addition to or change in the Events of Default or covenants of the Company set forth in this Indenture pertaining to the
Securities of the Series; 
  
 (xxi) whether the
Securities of the Series will be subject to the defeasance provisions of Article Eleven or the terms, if any, on which they may otherwise be defeasible; and 
  

 13 

 (xxii) any other terms and conditions of the Series (which terms and conditions shall not
be inconsistent with the provisions of this Indenture). 
  
 All
Securities of any one Series shall be substantially identical except, in the case of Registered Securities, as to denomination and except as may otherwise be provided in or pursuant to the Officers’ Certificate of the Company relating to the
Series provided to the Trustee pursuant to this Section 3.01 and set forth or determined in the manner provided in that Officers’ Certificate or in this Indenture or any Supplemental Indenture. 
  
 Securities of any particular Series may be issued at various times, with
different dates on which the principal or any installment of principal is payable, with different rates of interest, if any, or different methods by which rates of interest may be determined, with different dates on which such interest may be
payable and with different Redemption Dates or Repurchase Dates and may be denominated in different currencies or payable in different currencies. 
  
 SECTION 3.02. Denominations. The Securities of each Series shall be issuable in such form and denominations determined as contemplated by Section
3.01. In the absence of any specification with respect to the Securities of any Series, the Registered Securities of each Series shall be issuable only as Securities without coupons in denominations of $2,000 and any integral multiple of $1,000 in
excess thereof. 
  
 SECTION 3.03. Execution, Authentication,
Delivery and Dating. 
  
 (a) The Securities shall be executed
on behalf of the Company by one of its Authorized Officers or such other officer or agent to which the authority to execute such Securities is delegated by the Board of Directors, and by its Secretary or one of its Assistant Secretaries. The
signatures of any or all of these officers or agents on the Securities may be manual or facsimile. Securities bearing the manual or facsimile signatures of individuals who were at any time the proper officers or authorized agents of the Company
shall bind the Company, notwithstanding that one or more of those individuals have ceased to hold a proper office prior to the authentication and delivery of such Securities or did not hold such offices or, in the case of an agent, continue to have
proper authority at the date of such Securities. 
  
 (b) At any
time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any Series, executed by the Company to the Trustee for authentication, together with a Company Order, for the authentication and
delivery of such Securities, and the Trustee shall, upon receipt of the Company Order, authenticate and deliver such Securities as this Indenture provides and not otherwise. 
  
 If the Company shall establish pursuant to Section 3.01 that the Securities of a Series are to be issued in whole or in part
in the form of one or more Global Securities, then the Company shall execute and the Trustee shall, in accordance with this Section and a Company Order of the Company for the authentication and delivery of such Global Securities with respect to that
Series, authenticate and deliver one or more Global Securities in permanent or temporary form, and such Global Securities (i) shall represent and shall be denominated in an aggregate amount equal to the aggregate principal amount of the Outstanding
Securities of such Series to be represented by one or more Global Securities, (ii) shall be registered, if in registered form, in the name of the Depositary for such Global Security or Global Securities or the nominee of such Depositary, and (iii)
shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s instructions. 
  
 Each Depositary designated pursuant to Section 3.01 for a Global Security in registered form must, at the time of its designation and at all times while
it serves as Depositary, be a clearing agency registered under the Exchange Act and any other applicable statute or regulation. 
  
 In authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be
entitled to receive, and (subject to Section 8.01) shall be fully protected in relying upon, 
  
 (a) an Officers’ Certificate required pursuant to Section 3.01; 
  
 (b) a Company Order of the Company; and 
  
 (c) an Opinion of Counsel complying with Section 1.02 and stating that: 
  
 (i) the form of such Securities has been established in conformity with the provisions of this Indenture;

  

 14 

 (ii) the terms of such Securities or the manner of determining such terms, have been
established in conformity with the provisions of this Indenture; 
  
 (iii) that such Securities, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally
binding obligations of the Company, enforceable against the Company in accordance with their terms, subject to bankruptcy, insolvency, reorganization, fraudulent transfer, fraudulent conveyance, moratorium and other laws of general applicability
relating to or affecting the enforcement of creditors’ rights and to general principles of equity; and 
  
 (iv) such other matters as the Trustee may reasonably request. 
  
 The Trustee shall not be required to authenticate any Securities if the issuance of the Securities pursuant to the Indenture
will adversely affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner that is not reasonably acceptable to the Trustee. 
  
 Notwithstanding the provisions of Section 3.01 and of this Section 3.03, if
all Securities of a Series are not to be originally issued at one time, it shall not be necessary to deliver the Board Resolution of the Company or Officers’ Certificate otherwise required pursuant to Section 3.01 or the Company Order and
Opinion of Counsel otherwise required pursuant to this Section 3.03 at or prior to the time of authentication of each Security of such Series if such documents are delivered at or prior to the authentication upon original issuance of the first
Security of such Series to be issued and such documents reasonably contemplate the issuance of all Securities of such Series; provided that any subsequent request by the Company to the Trustee to authenticate Securities of such Series upon original
issuance shall constitute a representation and warranty by the Company that as of the date of such request, the statements made in the Officers’ Certificate or other certificates delivered pursuant to Sections 1.02 and 3.01 shall be true and
correct as if made on such date. 
  
 A Company Order,
Officers’ Certificate, Board Resolution or Supplemental Indenture delivered by the Company to the Trustee in the circumstances set forth in the preceding paragraph may provide that Securities that are the subject thereof will be authenticated
and delivered by the Trustee or its agent on original issue from time to time in the aggregate principal amount, if any, established for such Series pursuant to such procedures acceptable to the Trustee as may be specified from time to time by a
Company Order upon telephonic (promptly confirmed in writing), electronic or written order of Persons designated in that Company Order, Officers’ Certificate, Supplemental Indenture or Board Resolution and that such Persons are authorized to
determine, consistent with that Company Order, Officers’ Certificate, Supplemental Indenture or Board Resolution, those terms and conditions of said Securities as are specified in that Company Order, Officers’ Certificate, Supplemental
Indenture or Board Resolution. 
  
 Each Registered Security shall
be dated the date of its authentication, and unless otherwise specified as contemplated by Section 3.01, any temporary Global Security referred to in Section 3.05 shall be dated as of the date of original issuance of that Security. 
  
 No Security shall be entitled to any benefit under this Indenture endorsed
thereon or be valid or obligatory for any purpose, unless there appears on such Security a certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature of an authorized officer, and such
certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture. Notwithstanding the foregoing, if any
Security or portion thereof shall have been duly authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 3.10 together with a
written statement (that need not comply with Section 1.02 and need not be accompanied by an Opinion of Counsel) stating that such Security or portion thereof has never been issued and sold by the Company, for all purposes of this Indenture such
Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 
  
 SECTION 3.04. Registrar, Paying Agent and Depositary. (a) The Company will maintain an office or agency in the Borough of Manhattan, The City of
New York, where Securities issued by it may be presented for registration of transfer or for exchange (“Registrar”) and an office or agency where Securities may be presented and surrendered for payment (“Paying Agent”). The
Registrar shall keep a register of the Securities issued by the Company (“Registry”) and of their transfer and exchange. The Company may appoint one or more co-registrars and 

  

 15 

 
one or more additional paying agents for the Securities of each Series issued by it. The term “Registrar” includes any co-registrar, and the term
“Paying Agent” includes any additional paying agent. The Company may change any Paying Agent or Registrar with respect to the Securities of any Series that it issues without notice to any Holder. The Company shall notify the Trustee in
writing of the name and address of any Paying Agent not a party to this Indenture. If the Company fails to appoint or maintain another entity as Registrar or Paying Agent for the affected Series of Securities, the Trustee shall act as that Registrar
or Paying Agent, as the case may be. The Company or any of its Subsidiaries may act as Paying Agent or Registrar. 
  
 (b) If the Company or any of its Subsidiaries acts as Paying Agent for any Series, each such Paying Agent shall segregate and hold in a separate trust
fund for the benefit of the Holders of the Securities of that Series all money held by it as Paying Agent with respect to the Securities of that Series. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall
serve as Paying Agent for the Securities issued by the Company. 
  
 (c) If the Securities of a Series are listed on the Irish Stock Exchange or any other stock exchange located outside the United States and such stock exchange shall so require, the Company will maintain a Paying Agent for the Securities of
that Series in Dublin, Ireland or any other required city located outside the United States, so long as the Securities of that Series are listed on such exchange, and subject to any laws or regulations applicable thereto, in a Place of Payment for
Securities of that Series located outside the United States an office for registration of transfer or exchange of Securities of that Series. 
  
 SECTION 3.05. Temporary Securities. (a) If the Definitive Securities of any Series are to be printed on paper with engraved borders or engraved,
then pending the preparation of Definitive Securities of that Series, the Company may execute, and upon the receipt of a Company Order and the receipt of the certifications and opinions required under Sections 3.01 and 3.03, the Trustee shall
authenticate and deliver, temporary Securities that are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denominations, substantially of the tenor of the Definitive Securities in lieu of which they are issued
in registered form and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Securities may determine, as evidenced by their execution of such Securities. 
  
 (b) Unless otherwise provided pursuant to Section 3.01: 
  
 (i) Except in the case of temporary Securities in global
form, each of which shall be exchanged in accordance with the provisions of the following paragraphs, if temporary Securities of any Series are issued, the Company will cause Definitive Securities of such Series to be prepared without unreasonable
delay. After the preparation of Definitive Securities, the temporary Securities of such Series shall be exchangeable for Definitive Securities of such Series upon surrender of the temporary Securities of such Series at the office or agency of the
Company in a Place of Payment for that Series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any Series, the Company shall execute and the Trustee shall authenticate and deliver in exchange
therefor a like principal amount of Definitive Securities of such Series of authorized denominations. Until so exchanged, the temporary Securities of any Series shall in all respects be entitled to the same benefits under this Indenture as
Definitive Securities of such Series. 
  
 (ii)
Without unnecessary delay but in any event not later than the date specified in, or determined pursuant to the terms of, any such temporary Global Security as the “Global Exchange Date” (the “Global Exchange Date”), the Company
shall deliver to the Trustee, or, if the Trustee appoints an Authenticating Agent pursuant to Section 8.14, to any such Authenticating Agent, Definitive Securities in aggregate principal amount equal to the principal amount of such temporary Global
Security, executed by the Company. On or after the Global Exchange Date, such temporary Global Security shall be surrendered by the Depositary to the Trustee or any such Authenticating Agent, as the Company’s agent for such purpose, to be
exchanged, in whole or from time to time in part, for Definitive Securities without charge and the Trustee or any such Authenticating Agent shall authenticate and deliver, in exchange for each portion of such temporary Global Security, an equal
aggregate principal amount of Definitive Securities of the same Series, of authorized denominations and of like tenor as the portion of such temporary Global Security to be exchanged. 
  
 (iii) Upon any exchange of a portion of any such temporary Global Security, such temporary Global Security
shall be endorsed by the Trustee or any such Authenticating Agent, as the case may be, to 

  

 16 

 
reflect the reduction of the principal amount evidenced thereby, whereupon its remaining principal amount shall be reduced for all purposes by the amount so
exchanged. Until so exchanged in full, such temporary Global Security shall in all respects be entitled to the same benefits under this Indenture as Definitive Securities of such Series authenticated and delivered hereunder. 
  
 SECTION 3.06. Transfer and Exchange. 
  
 (a) Upon surrender for registration of transfer of any Security of any Series
at the office or agency of the Company maintained for such purpose, the Company shall execute, and upon receipt of an authentication order, the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or
more new Securities of the same Series of any authorized denomination or denominations, of like tenor and aggregate principal amount. At the option of the Holder, Securities of any Series (other than a Global Security) may be exchanged for other
Securities of the same Series of any authorized denomination or denominations of a like aggregate principal amount, upon surrender of the Securities to be exchanged at the office or agency of the Company maintained for such purpose. Upon receipt at
such office or agency of an appropriate request for exchange, the Company shall execute, and upon receipt of an authentication order from the Company, the Trustee shall authenticate and deliver in the name of the exchanging Holder, one or more new
Securities of the appropriate Series of any authorized denomination or denominations of like tenor and aggregate principal amount to the Securities surrendered for exchange. Every Security presented or surrendered for registration of transfer or for
exchange shall (if so required by the Company, the Registrar or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company, the Registrar and the Trustee duly executed, by the Holder
thereof or the Holder’s attorney duly authorized in writing. 
  
 (b) Upon the issuance of a Global Security, the Depositary or its nominee will credit, on its book-entry registration and transfer system, the respective principal amounts of the individual Securities represented by the Global Security to
the accounts of institutions that have accounts with the Depositary. The institutional accounts to be credited may be designated by the underwriter, underwriters, agent or agents for such Securities or, if the Securities are offered and sold
directly by the Company, by the Company. Upon receipt of any payment in respect of a Global Security, the Depositary or its nominee will immediately credit the institutional accounts with amounts proportionate to their respective beneficial
interests in the principal amount of the Global Security as shown in the records of the Depositary or its nominee. 
  
 (c) Notwithstanding any other provision of this Section, unless and until it is exchanged in whole or in part for Definitive Securities, a Global Security
representing all or a portion of the Securities of a Series may not be transferred except as a whole by the Depositary for such Series to a nominee of such Depositary or by a nominee of such Depositary to such Depositary or another nominee of such
Depositary or by such Depositary or any such nominee to a successor Depositary for such Series or a nominee of such successor Depositary. 
  
 (d) If at any time the Depositary for the Securities of a Series notifies the Company that it is unwilling or unable to continue as Depositary for the
Securities of such Series or if at any time the Depositary for the Securities of such Series shall no longer be eligible under Section 3.03(b), the Company shall appoint a successor Depositary with respect to the Securities of such Series.

  
 (e) The Company may at any time and in its sole discretion
determine that Securities of any Series issued in the form of one or more Global Securities shall no longer be represented by such Global Security or Global Securities. In such event, the Company will execute, and the Trustee, upon receipt of a
Company Order for the authentication and delivery of Securities of such Series, will authenticate and deliver, certificated Securities of such Series (“Definitive Securities”) in an aggregate principal amount equal to the principal amount
of the Global Security or Global Securities representing Securities of such Series in exchange for such Global Security or Global Securities. In addition, Definitive Securities shall be transferred to all beneficial owners in exchange for their
benefit interests in a Global Security if (a) a successor depositary is not appointed by the Company within 90 days of the Company’s receipt of notice described in Section 3.06(d) above or (b) an Event of Default has occurred and is continuing
and the Trustee has received a request from the Depositary for the issuance of Definitive Securities representing the Securities of such Series. 
  
 (f) If specified by the Company pursuant to Section 3.01 with respect to a Series of Securities, the Depositary for such Series of Securities may
surrender a Global Security for such Series of Securities in exchange in whole or in part for Definitive Securities of such Series on such terms as are acceptable to the Company and such Depositary. Thereupon, the Company shall execute, and the
Trustee shall authenticate and 

  

 17 

 
deliver, without service charge: (1) to each Person specified by such Depositary a new definitive Security or Securities of the same Series of any authorized
denomination as requested by such Person in aggregate principal amount equal to and in exchange for such Person’s beneficial interest in the Global Security; and (2) to such Depositary a new Global Security in a denomination equal to the
difference, if any, between the principal amount of the surrendered Global Security and the aggregate principal amount of Definitive Securities delivered to Holders thereof. 
  
 (g) Upon the exchange of a Global Security for Definitive Securities, such Global Security shall be cancelled by the
Trustee. Definitive Securities exchanged for portions of a Global Security pursuant to this Section 3.06 shall be registered in such names and in such authorized denominations as the Depositary for such Global Security, pursuant to instructions from
its direct or indirect Participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Securities to the persons in whose names such Securities are so registered. 
  
 (h) No service charge shall be made to a holder of a beneficial interest in a Global Security or to a Holder of a Definitive
Security for any registration of transfer or exchange, 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 taxes or similar
governmental charge payable upon exchange or transfer pursuant to Sections 3.05 and 4.07). 
  
 (i) All Global Securities and Definitive Securities issued upon any registration of transfer or exchange of Global Securities or Definitive Securities shall be the valid obligations of the Company, evidencing the same
indebtedness, and entitled to the same benefits under this Indenture as the Global Securities or Definitive Securities surrendered upon such registration of transfer or exchange. 
  
 (j) The Registrar shall not be required (A) to issue, to register the transfer of or to exchange any Securities during a
period beginning at the opening of business 15 days before the day of any selection of Securities for redemption under Section 4.03 and ending at the close of business on the day of selection, (B) to register the transfer of or to exchange any
Security so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part or (C) to register the transfer of or to exchange a Security between a Record Date and the next succeeding Interest Payment
Date. 
  
 (k) Prior to due presentment for the registration of a
transfer of any Security, the Trustee, any Paying Agent and the Company may deem and treat the Person in whose name any Security is registered as the absolute owner of such Security for the purpose of receiving payment of principal of, premium, if
any, and interest on such Securities, payment of the redemption price of the Securities and for all other purposes, and none of the Trustee, any Paying Agent or the Company shall be affected by notice to the contrary. 
  
 (l) The Trustee shall authenticate Global Securities and Definitive
Securities in accordance with the provisions of Section 3.03. 
  
 SECTION 3.07. Mutilated, Destroyed, Lost and Stolen Securities. If (i) any mutilated Security is surrendered to the Trustee or the Registrar, or if the Company, the Trustee and the Registrar receive evidence to their satisfaction of
the destruction, loss or theft of any Security and (ii) there is delivered to the Company, the Trustee and the Registrar such security or indemnity as may be required by them to save each of them harmless, then, in the absence of notice to the
Company, the Trustee or the Registrar that such Security has been acquired by a bona fide purchaser, the Company and upon its request the Trustee shall authenticate and deliver, in lieu of any such mutilated, destroyed, lost or stolen Security, a
new Security of the same Series and Stated Maturity and of like tenor and principal amount, 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 3.07, 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 the same Series duly issued hereunder. 
  

 18 

 The provisions of this Section 3.07 are exclusive and shall preclude (to the extent lawful) all other
rights and remedies with respect to the placement or payment of mutilated, destroyed, lost or stolen Securities. 
  
 SECTION 3.08. Payment of Interest; Interest Rights Preserved. (a) Unless otherwise provided for by the terms of the Securities of any Series as
established in accordance with Section 3.01, interest on any Registered Security that is payable, and is punctually paid or duly provided for on any Interest Payment Date shall unless otherwise provided in that Security be paid to the Person in
whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for that interest payment. At the option of the Company, payment of interest on any Registered Security may be made by
check in the currency designated for such payment pursuant to the terms of such Registered Security mailed to the address of the Person entitled thereto as such address shall appear in the Registry or by wire transfer to an account in such currency
designated by such Person in writing not later than 10 days prior to the date of such payment. 
  
 (b) Any interest on any Registered Security that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be
payable to the Holder on the relevant Regular Record Date by virtue of such Person having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (i) or clause (ii) below.

  
 (i) The Company may elect to make payments of
any Defaulted Interest to the Persons in whose names any such Registered Securities (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which
Special Record Date shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Registered Security and the date of the proposed payment, and at the same
time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of
the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such
Defaulted Interest, which Special Record Date shall be not more than 15 nor less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee
shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first class,
postage prepaid, to each Holder at the Holder’s address as it appears in the Registry, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor
having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such Registered Securities (or their respective Predecessor Securities) are registered on such Special Record Date and shall no longer be payable
pursuant to the following clause (ii) of this Section 3.08. 
  
 (ii) The Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities with respect to which there exists such
default may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such payment shall be deemed practicable by the Trustee.

  
 Subject to the foregoing provisions of this Section 3.08, each
Security delivered under this Indenture upon registration of transfer of, or in exchange for, or in lieu of, any other Security shall carry the rights to interest accrued and unpaid, and to accrue, that were carried by such other Security.

  
 SECTION 3.09. Persons Deemed Owners. 
  
 (a) Prior to due presentment for registration of transfer of any Registered
Security, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Security is registered as the owner of such Security for the purpose of receiving payment of principal of, premium, if any, and,
subject to Section 3.08, interest on such Security, and for all purposes whatsoever, whether or not that Security is overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the
contrary. 
  

 19 

 (b) None of the Company, the Trustee, any Paying Agent, any Authenticating Agent or the Registrar will
have the responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interest of a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial
ownership interest, and they shall be fully protected in acting or refraining from acting on any such information provided by the Depositary. 
  
 SECTION 3.10. Cancellation. Unless otherwise provided with respect to a Series of Securities, all Securities surrendered for payment, registration
of transfer, exchange, repayment or redemption shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee. All Securities so delivered or surrendered directly to the Trustee for any such purpose shall be promptly
cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder that the Company may have acquired in any manner whatsoever, and all Securities so delivered shall
be promptly cancelled by the Trustee. 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 or such Securities. All cancelled
Securities held by the Trustee shall be disposed of by the Trustee in accordance with the Trustee’s customary procedures, and the Trustee shall deliver a certificate of such disposition to the Company. 
  
 SECTION 3.11. Computation of Interest. Interest on the Securities of
each Series shall be computed as shall be specified in the terms of those Securities as established in accordance with Section 3.01; provided, however, that if the terms of any Securities do not provide a method for computation of interest
with respect thereto, interest on that Security shall be computed on the basis of a 360-day year of twelve 30-day months. 
  
 SECTION 3.12. Currency Indemnity. The Company may provide, pursuant to Section 3.01, for the Securities of any Series that, to the fullest extent
possible under applicable law and except as may otherwise be specified as contemplated in Section 3.01, (a) the obligation, if any, of the Company to pay the principal of, premium, if any, and interest on the Securities of any Series in a Foreign
Currency, composite currency or Dollars (the “Designated Currency”) as may be specified pursuant to Section 3.01 is of the essence and agrees that judgments in respect of such Securities shall be given in the Designated Currency; (b) the
obligation of the Company to make payments in the Designated Currency of the principal of, premium, if any, and interest on such Securities shall, notwithstanding any payment in any other currency, whether pursuant to a judgment or otherwise, be
discharged only to the extent of the amount in the Designated Currency that the Holder receiving such payment may, in accordance with normal banking procedures, purchase with the sum paid in such other currency, after any premium and cost of
exchange, in the country of issue of the Designated Currency in the case of Foreign Currency or Dollars or in the international banking community in the case of a composite currency on the Business Day immediately following the day on which such
Holder receives such payment; (c) if the amount in the Designated Currency that may be so purchased for any reason falls short of the amount originally due, the Company shall pay such additional amounts as may be necessary to compensate for such
shortfall; and (d) any obligation of the Company not discharged by such payment shall be due as a separate and independent obligation and, until discharged as provided herein, shall continue in full force and effect. 
  
 SECTION 3.13. CUSIP Numbers. The Company in issuing the Securities may
use “CUSIP,” “ISIN,” or “Common Code” numbers or other Euroclear or Clearstream reference numbers (if then generally in use), and, if so, the Trustee shall use such numbers in notices of redemption or other related
material as a convenience to Holders; provided that any such notice or other related material 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
redemption or other related material and that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company shall
promptly notify the Trustee of any change in any such reference number. 
  
 SECTION 3.14. Book-Entry Only System. If made a part of the terms of the Securities of a Series in accordance with Section 3.01 with respect to Securities represented by a Global Security, Securities of a Series may be issued
initially in book-entry only form and, if issued in such form, shall be represented by one or more Global Securities registered in the name of the Depositary or other depositary designated with respect thereto. So long as such book-entry only system
of registration is in effect, (a) Securities of a Series so issued in book-entry only form will not be issuable in the form of or exchangeable for Securities in certificated or definitive registered form, (b) the records of the Depositary or such
other depositary will be determinative for all purposes as to the beneficial owners 

  

 20 

 
of the Securities of that Series and (c) neither the Company, the Trustee nor any Paying Agent, or Registrar for such Securities will have any responsibility
or liability for (i) any aspect of the records relating to or payments made on account of owners of beneficial interests in the Securities of that Series, (ii) maintaining, supervising or reviewing any records relating to such beneficial interests,
(iii) receipt of notices, voting and requesting or directing the Trustee to take, or not to take, or consenting to, certain actions hereunder or (iv) the record and procedures of the Depositary or such other depositary, as the case may be.

  
 ARTICLE FOUR 
  
 Redemption of Securities 
  
 SECTION 4.01. Applicability of Article. Securities of any Series that
are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and, except as otherwise set forth in the terms of the Securities of that Series as established in accordance with Section 3.01, in accordance with this
Article. 
  
 SECTION 4.02. Election To Redeem; Notice To
Trustee. The election of the Company to redeem any Securities redeemable at the option of the Company shall be evidenced by an Officers’ Certificate. In case of any redemption at the election of the Company, the Company shall, at least 60
days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee and the Registrar of such Redemption Date and of the principal amount of Securities of such Series to be
redeemed. In the case of any redemption of Securities (i) prior to the expiration of any restriction on such redemption provided in the terms of those Securities or elsewhere in this Indenture or (ii) pursuant to an election of the Company that is
subject to a condition specified in the terms of those Securities, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction or condition. 
  
 SECTION 4.03. Selection by Trustee of Securities To Be Redeemed. If
less than all the Securities of any Series with the same terms are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee from the Outstanding Securities of that
Series having such terms not previously called for redemption, by such method as the Trustee shall deem fair and appropriate and that may provide for the selection for redemption of portions of the principal amount of Securities of such Series of a
denomination equal to or larger than the minimum authorized denomination for Securities of such Series. Unless otherwise provided by the terms of the Securities of any Series so selected for partial redemption, the portions of the principal of
Securities of that Series so selected for partial redemption shall be, in the case of Registered Securities, equal to $1,000 or an integral multiple thereof, and the principal amount of any such Security that remains outstanding shall not be less
than the minimum authorized denomination for Securities of such Series. 
  
 The Trustee shall promptly notify the Company, the Registrar and the Co-Registrar, if any, in writing of the Securities selected for redemption and, in the case of any Security selected for partial redemption, the principal amount thereof
to be redeemed. 
  
 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 of such Security that has been or is to be
redeemed. 
  
 SECTION 4.04. Notice of Redemption. Notice of
redemption shall be given in the manner provided in Section 1.06, not less than 30 nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed. 
  
 All notices of redemption shall state: 
  
 (i) the Redemption Date; 
  
 (ii) the Redemption Price; 
  
 (iii) if less than all Outstanding Securities of any Series having the same terms are to be redeemed, the
identification (and, in the case of partial redemption, the respective principal amounts) of the particular Securities to be redeemed; 
  

 21 

 (iv) that on the Redemption Date, the Redemption Price will become due and payable upon
each such Security to be redeemed, and that interest, if any, thereon shall cease to accrue on and after said date; 
  
 (v) the place or places where such Securities, maturing after the Redemption Date, are to be surrendered for payment of the Redemption
Price; 
  
 (vi) that the redemption is for a
sinking fund, if such is the case; and 
  
 (vii)
the CUSIP number or the Euroclear or the Clearstream reference numbers (or any other number used by a Depository to identify such Securities), if any, of the Securities to be redeemed. 
  
 A notice of redemption published as contemplated by Section 1.06 need not identify particular Registered Securities to be
redeemed. 
  
 Notice of redemption of Securities to be redeemed at
the election of the Company shall be given by the Company or, on Company Request, by the Trustee in the name and at the expense of the Company. 
  
 SECTION 4.05. Deposit of Redemption Price. At or prior to the opening of business on any Redemption Date, the Company shall deposit or cause to be
deposited with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 5.03) an amount of money sufficient to pay the Redemption Price of all the Securities that
are to be redeemed on that date. 
  
 SECTION 4.06. Securities
Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Securities to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified and from and after such date (unless
the Company shall default in the payment of the Redemption Price) such Securities shall cease to bear interest. Upon surrender of any such Securities for redemption in accordance with said notice, those Securities surrendered shall be paid by the
Company at the Redemption Price. Installments of interest on Registered Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as
such on the close of business on the relevant Regular Record Dates according to their terms and the provisions of Section 3.08. 
  
 If any Security called for redemption shall not be paid upon surrender thereof for redemption, the principal shall, until paid, bear interest from the
Redemption Date at the rate borne by such Security, or as otherwise provided in such Security. 
  
 SECTION 4.07. Securities Redeemed in Part. Any Security that is to be redeemed only in part shall be surrendered at the office or agency of the Company in a Place of Payment therefor (with, if the Company or
the Registrar so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Registrar duly executed by, the Holder of such Security or his attorney duly authorized in writing), and the Company shall
execute, and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of the same Series and Stated Maturity, containing identical terms and conditions, of any authorized
denominations as requested by such Holder, in an aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered. 
  
 SECTION 4.08. Redemption Suspended During Event of Default. The Trustee shall not redeem any Securities (unless all
Securities then Outstanding are to be redeemed) or commence the giving of any notice of redemption of Securities during the continuance of any Event of Default known to the Trustee, except that where the giving of notice of redemption of any
Securities shall theretofore have been made, the Trustee shall redeem such Securities, provided funds are deposited with it for such purpose. Any moneys theretofore or thereafter received by the Trustee shall, during the continuance of such Event of
Default, be held in trust for the benefit of the Holders and applied in the manner set forth in Section 7.06; provided, however, that in case such Event of Default shall have been waived as provided herein or otherwise cured, such moneys shall
thereafter be held and applied in accordance with the provisions of this Article. 
  

 22 

 ARTICLE V 
  

Covenants 
  
 SECTION 5.01. Payment of Principal, Premium and Interest. The Company covenants and agrees for the benefit of each Series of Securities that it
will duly and punctually pay the principal of, premium, if any, and interest on the Securities of such Series in accordance with the terms of the Securities of that Series, any coupons appertaining thereto and this Indenture. Principal, premium if
any, or interest payable with respect to any Securities shall be considered paid on the date due if the Paying Agent holds, or if the Company acts as its own Paying Agent, the Company holds in a segregated account in trust for the Holders due such
payment, on the date money sufficient to pay all principal and premium, if any and interest then due. Unless otherwise set forth in the terms of Securities of Series established in accordance with Section 3.01, at the option of the Company, all
payments of principal may be paid by check to the registered Holder of the Registered Security or other person entitled thereto against surrender of such Security. 
  
 SECTION 5.02. Maintenance of Office or Agency. In addition to the offices and agencies maintained pursuant to Section
3.04, the Company will maintain in each Place of Payment for any Series of Securities as to which it issues Securities, an office or agency where Securities of any Series that are convertible or exchangeable may be surrendered for conversion or
exchange, as applicable, and where notices and demands to or upon the Company in respect of the Securities of that Series and this Indenture may be served. Each such office may be the office of any Paying Agent appointed by the Company. The Company
will give prompt written notice to the Trustee of the location, and any change in the location, of any such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee
with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders,
notices and demands where Securities of that Series, if they are convertible or exchangeable, may be surrendered for conversion or exchange, as applicable, and where notices and demands to or upon the Company, in respect of the Securities of that
Series and this Indenture may be served. 
  
 The Company may also
from time to time designate one or more other offices or agencies where the Securities of one or more Series may be presented or surrendered for any or all of such purposes specified above in this Section. The Company will give prompt written notice
to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 
  
 SECTION 5.03. Money for Security Payments To Be Held in Trust. If the Company shall at any time act as its own Paying Agent for any Series of
Securities, it will, on or before each due date of the principal of, premium, if any, or interest on any of the Securities of such Series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum in the currency in which the
Securities of such Series are payable sufficient to pay the principal, premium or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action
or failure so to act. 
  
 Whenever the Company shall have one or
more Paying Agents for any Series of Securities, it will, at or prior to the opening of business on each due date of the principal of, premium, if any, or interest on any Securities of such Series, deposit with a Paying Agent a sum in the currency
in which the Securities of such Series are payable sufficient to pay the principal, premium or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such
Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 
  
 The Company will cause each Paying Agent for any Series of Securities other than the Trustee to execute and deliver to the Trustee an instrument in which
such Paying Agent shall agree with the Trustee subject to the provisions of this Section, that such Paying Agent will: 
  
 (i) hold all sums held by it for the payment of principal of, premium, if any, or interest on Securities of that Series in trust for the
benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 
  

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 (ii) give the Trustee notice of any default by the Company (or any other obligor upon the
Securities of such Series) in the making of any payment of principal, premium or interest on the Securities of that Series; and 
  
 (iii) at any time during the continuance of any such default, upon the written request of the Trustee, forthwith pay to the Trustee all
sums so held in trust by such Paying Agent. 
  
 The Company may at
any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent,
such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Company or such Paying Agent, and, upon such payments by any Paying Agent to the Trustee, such Paying Agent shall be released from all further
liability with respect to such money. 
  
 Any money deposited with
the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium, if any, or interest on any Security of any Series and remaining unclaimed for two years after such principal, premium or interest
has become due and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of that Security shall thereafter, as an unsecured general creditor, look only to the
Company with respect to that Security for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that
the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in an Authorized Newspaper in each Place of Payment, notice that such money remains unclaimed and that,
after a date specified therein, that shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Company. 
  
 SECTION 5.04. Additional Amounts. If the Securities of a Series provide for the payment of additional amounts, the
Company will pay to the Holder of any Security of any Series the additional amounts as provided in the terms of the Securities of that Series. Whenever in this Indenture there is mentioned, in any context, the payment of the principal of, premium,
if any, or interest on, or in respect of, any Security of any Series or the net proceeds received on the sale or exchange of any Security of any Series, such mention shall be deemed to include mention of the payment of additional amounts provided
for in this Section to the extent that, in such context, additional amounts are, were or would be payable in respect thereof pursuant to the provisions of this Section and express mention of the payment of additional amounts, if applicable, in any
provisions hereof shall not be construed as excluding additional amounts in those provisions hereof where such express mention is not made. 
  
 If the Securities of a Series provide for the payment of additional amounts, at least 10 days prior to the first Interest Payment Date with respect to
that Series of Securities (or if the Securities of that Series will not bear interest prior to Maturity, the first day on which a payment of principal, and premium, if any, is made), and at least 10 days prior to each date of payment of principal,
and premium, if any, or interest if there has been any change with respect to the matters set forth in the below-mentioned Officers’ Certificate, the Company will furnish the Trustee and the Company’s Principal Paying Agent or Paying
Agents, if other than the Trustee, with an Officers’ Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment of principal of (and premium, if any) or interest on the Securities of that Series shall be
made to Holders of Securities of that Series who are United States Aliens without withholding for or on account of any tax, assessment or other governmental charge described in the Securities of that Series. If any such withholding shall be
required, then such Officers’ Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders of Securities, and the Company will pay to the Trustee or such Paying Agent the additional amounts
required by this Section. The Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them harmless against, any loss, liability or reasonable expense incurred without negligence or bad faith on their part arising out of or
in connection with actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished pursuant to this Section. 
  
 SECTION 5.05. Statement as to Compliance. The Company will deliver to the Trustee, within 120 days after the end of each fiscal year of the
Company, an Officers’ Certificate (that need not comply with Section 1.02) (provided, however, that one of the signatories of that Officers’ Certificate shall be the Company’s principal executive officer, principal financial officer
or principal accounting officer) stating, as to each signer thereof, that: 
  
 (i) a review of the activities of the Company during such year and of performance under this Indenture and under the terms of the Securities has been made under his supervision; and 
  

 24 

 (ii) to the best of each signer’s knowledge, based on such review, (a) the Company
has fulfilled all of its obligations and complied with all conditions and covenants under this Indenture and under the terms of the Securities throughout such year, or, if there has been a default in the fulfillment of any such obligation, condition
or covenant specifying each such default known to the signer and the nature and status thereof, and (b) no event has occurred and is continuing that is, or after notice or lapse of time or both would become, an Event of Default, or if such an event
has occurred and is continuing, specifying such event known to him and the nature and status thereof. 
  
 For purposes of this Section 5.05, compliance or default shall be determined without regard to any period of grace or requirement of notice provided for
herein. 
  
 SECTION 5.06. Maintenance of Corporate Existence,
Rights and Franchises. So long as any of the Securities shall be Outstanding, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence, rights and franchises to carry on
its business; provided, however, that nothing in this Section 5.06 shall (i) require the Company to preserve any such right 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 that the loss thereof is not disadvantageous in any material respect to the Holders, (ii) prevent any consolidation or merger of the Company, or any conveyance or transfer of its property and assets substantially as
an entirety to any person, permitted by Article Ten, or (iii) prevent the liquidation or dissolution of the Company after any conveyance or transfer of its property and assets substantially as an entirety to any person permitted by Article Ten.

  
 ARTICLE SIX 
  
 Holders’ Lists and Reports by the Trustee and the Company

  
 SECTION 6.01. Preservation of Information;
Communications to Holders; Communications Between Holders. (a) 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 all Holders of the Securities of each
Series issued hereunder and shall otherwise comply with TIA §312(a) with respect to each Series of Securities issued hereunder. If the Trustee is not the Registrar, the Company shall furnish, or shall cause the Registrar (if other than the
Company) to furnish, to the Trustee at least seven Business Days before each Interest Payment Date and at such other times as the Trustee may reasonably 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 the Holders of the Securities of that Series, and the Company shall otherwise comply with TIA §312(a) with respect to the Securities of that Series. The Trustee may destroy any list furnished to it as
provided in this Section 6.01 upon receipt of a new list so furnished. 
  
 (b) If three or more Holders of Securities of any Series (hereinafter referred to as “applicants”) apply in writing to the Trustee, and furnish to the Trustee reasonable proof that each such applicant has owned a Security of such
Series for a period of at least six months preceding the date of such application, and such application states that the applicants desire to communicate with other Holders of Securities of such Series or with the Holders of all Securities with
respect to their rights under this Indenture or under such Securities and is accompanied by a copy of the form of proxy or other communication that such applicants propose to transmit, then the Trustee shall, within five Business Days after the
receipt of such application, at its election, either: 
  
 (i) afford such applicants access to the information preserved at the time by the Trustee in accordance with Section 6.01(a); or 
  
 (ii) inform such applicants as to the approximate number of Holders of Securities of such Series or all Securities, as the case may be,
whose names and addresses appear in the information preserved at the time by the Trustee in accordance with Section 6.01(a), and as to the approximate cost of mailing to such Holders the form of proxy or other communication, if any, specified in
such application. 
  
 If the Trustee shall elect not to afford
such applicants access to such information, the Trustee shall, upon the written request of such applicants, mail to each Holder of a Security of such Series or all Holders of Securities, as the case may be, whose names and addresses appear in the
information preserved at the time by the Trustee in accordance with Section 6.01(a), a copy of the form of proxy or other communication that is specified in such request, with reasonable promptness after a tender to the Trustee of the material to be
mailed and of payment, or provision for the payment, of the reasonable expenses of mailing, unless, within five days after such tender, the 

  

 25 

 
Trustee shall mail to such applicants and file with the Commission, together with a copy of the material to be mailed, a written statement to the effect
that, in the opinion of the Trustee, such mailing would be contrary to the best interests of the Holders of Securities of such Series or all Securities, as the case may be, or would be in violation of applicable law. Such written statement shall
specify the basis of such opinion. If the Commission, after opportunity for a hearing upon the objections specified in the written statement so filed, shall enter an order refusing to sustain any of such objections or if, after the entry of an order
sustaining one or more of such objections, the Commission shall find, after notice and opportunity for hearing, that all the objections so sustained have been met and shall enter an order so declaring, the Trustee shall mail copies of such material
to all such Holders of Securities with reasonable promptness after the entry of such order and the renewal of such tender; otherwise, the Trustee shall be relieved of any obligation or duty to such applicants respecting their application.

  
 (c) Every Holder of Securities, by receiving and holding the
same, agrees with the Company and the Trustee that none of the Company, the Trustee, any Authenticating Agent, any Paying Agent or any Registrar shall be held accountable by reason of the disclosure of any information as to the names and addresses
of the Holders of Securities in accordance with Section 6.01 or TIA §312, regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a
request made under this Section 6.01 or TIA §312(b). 
  
 (d)
Holders may communicate pursuant to TIA §312(b) with other Holders with respect to their rights under this Indenture or the Securities of any Series issued hereunder. The Company, the Trustee, the Registrar and anyone else shall have the
protection of TIA §312(c), and the Trustee shall comply with TIA §312(b) in connection with any such communication. 
  
 SECTION 6.02. Reports, Records and Filings by the Trustee. 
  

(a) The Trustee shall, within 60 days after May 15 of each year commencing with the year 2003, mail to each Holder reports concerning the Trustee and
its action under the Indenture as may be required pursuant to Section 313(a) of the TIA if and to the extent and in the manner provided pursuant thereto. The Trustee shall comply with TIA §313(b)(2) and shall transmit by mail all reports as
required by TIA §313(c). The Trustee shall also comply with the other provisions of Section 313 of the TIA. Reports pursuant to this Section shall be transmitted by mail (1) to all Holders of Registered Securities, as their names and addresses
appear in the Registry, and (2) except in the cases of reports under Section 313(b)(2) of the TIA, to each Holder of a Security of any Series whose name and address appear in the information preserved at the time by the Trustee in accordance with
Section 6.01. A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each securities exchange upon which any Securities are listed, and also with the Commission in accordance with TIA
§313(d). The Company will notify the Trustee when any Securities are listed on any securities exchange. 
  
 (b) The Trustee or the Paying Agent, as applicable, shall be responsible for (a) obtaining from Holders all Internal Revenue Service forms (and similar
forms under applicable state, local, and foreign tax law) required under applicable U.S. federal, state, local, or foreign tax law in order to establish exemptions from or reductions in withholding taxes, (b) preparing, filing with the applicable
taxing authority, and (to the extent required under applicable tax law) furnishing Holders with copies of, all tax reports or statements with respect to interest or principal payments on, or redemptions of, Securities which are required to be
prepared, filed, and furnished under applicable U.S. federal, state, local, or foreign tax law, and (c) withholding and paying over to the applicable taxing authorities any tax withholdings that are required to be made under such applicable tax law.

  
 (c) The Trustee or the Paying Agent, as applicable, shall
maintain all appropriate records documenting compliance with such requirements until such time as all applicable periods of limitation for assessing or collecting any taxes or penalties for failure to comply fully with such requirements have
expired, and shall make such records available, on written request, to the Company or its authorized representative within a reasonable period of time after receipt of such request. 
  
 SECTION 6.03. Reports by the Company. The Company will: 
  
 (a) file with the Trustee, within 15 days after the Company is required to file the same with the Commission, 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 Commission may from time to time by rules and regulations prescribe) that the Company is then required to file with the
Commission pursuant to Section 13 or Section 15(d) of the Exchange Act; or, if the Company is not required to file information, documents or reports pursuant to either of those sections of the Exchange Act, then the Company will file with the
Trustee and the Commission, in accordance with rules and 

  

 26 

 
regulations prescribed from time to time by the Commission, such of the supplementary and periodic information, documents and reports that may be required
pursuant to Section 13 of the Exchange Act in respect of a Security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; 
  
 (b) file with the Trustee and the Commission, in accordance with rules and
regulations prescribed from time to time by the Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants of this Indenture as may be required from time to time by such
rules and regulations; and 
  
 (c) transmit by mail to Holders of
Securities, in the manner and to the extent provided in Section 6.02(a), within 30 days after the filing thereof with the Trustee, such summaries of any information, documents and reports required to be filed by the Company or pursuant to paragraphs
(a) and (b) of this Section 6.03 as may be required by rules and regulations prescribed from time to time by the Commission. 
  
 ARTICLE SEVEN 
  
 Events of Default and Remedies 
  
 SECTION 7.01. Events of Default. “Event of Default,” with respect to any Series of Securities, wherever used herein, means any one of the following events (whatever the reason for such Event of
Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body), unless it is either
inapplicable to a particular Series or it is specifically deleted or modified in the Supplemental Indenture, the Board Resolution or Officers’ Certificate under which such Series of Securities is issued or in the form of Security for that
Series: 
  
 (i) the Company fails to pay any
interest upon any Security of that Series when it becomes due and payable, and such failure continues for a period of 30 days; or 
  
 (ii) the Company fails to pay the principal of, or premium, if any, on any Security of that Series at its Maturity; or 
  
 (iii) with respect to the Securities of that Series, the
Company fails to perform, or a breach occurs as to any covenant or warranty it is obligated to perform or made by the Company in this Indenture with respect to the Securities of that Series (other than a covenant or warranty, a default in the
performance of which or a breach of which is elsewhere in this Section specifically dealt with or that has expressly been included in this Indenture by means of a Supplemental Indenture solely for the benefit of Series of Securities other than that
Series), and continuance of such failure or breach for a period of 90 days after there has been given, by registered or certified mail, to the Company by the Trustee or by the Holders of at least 25% in principal amount of the Outstanding Securities
of that Series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 
  
 (iv) the entry of a decree or order by a court having jurisdiction in the premises granting relief in
respect of the Company in an involuntary case under the Federal Bankruptcy Code or any other applicable federal, state or foreign bankruptcy, insolvency or similar law, adjudging the Company, a bankrupt, or approving as properly filed a petition
seeking reorganization, arrangement, adjustment or composition of or in respect of the Company, under the Federal Bankruptcy Code or any other applicable Federal or State, or foreign, bankruptcy, insolvency or similar law, or appointing a receiver,
liquidator, custodian, assignee, trustee, sequestrator (or other similar official) of the Company or of substantially all of its properties, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order
unstayed and in effect for a period of 60 consecutive days; or 
  
 (v) the institution by the Company of proceedings to be adjudicated a bankrupt, or the consent of the Company to the institution of bankruptcy proceedings against it, or the filing by the Company of a petition or
answer or consent seeking reorganization or relief under the Federal Bankruptcy Code or any other applicable Federal, State or foreign bankruptcy, insolvency or similar law, or the consent by the Company to the filing of any such petition or to the
appointment of a receiver, liquidator, custodian, 

  

 27 

 
assignee, trustee, sequestrator (or other similar official) of the Company or of substantially all of its properties; or 
  
 (vi) any other event or occurrence that is designated to be
an Event of Default provided with respect to Securities of that Series in the Supplemental Indenture, Board Resolution or Resolutions or Series Terms Certificate that establishes or evidences the terms of the Securities of that Series. 

 
 SECTION 7.02. Acceleration of Maturity; Rescission and Annulment.
If an Event of Default (other than an Event of Default specified in Section 7.01(iv) or (v) with respect to the Company) with respect to any Series of Securities for which there are Securities Outstanding occurs and is continuing, then, and in every
such case, the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of such Series may declare the principal of all the Securities of such Series (or, if the Securities of that Series are Original Issue
Discount Securities, such portion of the principal amount as may be specified in, or determined in accordance with, the terms of that Series) to be immediately due and payable, by giving a notice in writing to the Company (and to the Trustee if
given by Holders), and upon any such declaration, such amount, together with accrued interest thereof, shall become immediately due and payable. If an Event of Default specified in Section 7.01(iv) or (v) occurs with respect to the Company and is
continuing, the principal of and accrued and unpaid interest on all of the Outstanding Securities of all Series shall automatically become and be immediately due and payable without any declaration or other act on the part of the Trustee or any
Holders. 
  
 At any time after an acceleration with respect to
Securities of any Series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the Outstanding Securities
of such Series by written notice to the Company and the Trustee, may rescind and annul such acceleration and its consequences, and any Event of Default giving rise to such acceleration shall not be deemed to have occurred, if: 
  
 (i) the Company has paid or deposited with the Trustee a sum
sufficient to pay: 
  
 (A) all overdue
installments of interest on all Securities of such Series, 
  
 (B) the principal of and premium, if any, of the Securities of such Series that have become due otherwise than by such declaration of acceleration and interest thereon at the rate or rates prescribed therefor by the
terms of the Securities of such Series, 
  
 (C)
to the extent that payment of such interest is lawful, interest upon overdue installments of interest at the rate or rates prescribed therefor by the terms of the Securities of such Series, and 
  
 (D) all sums paid or advanced by the Trustee hereunder and
the reasonable compensation, expenses, disbursements and advances of the Trustee, the Registrar, any Paying Agent, and their agents and counsel and all other amounts due the Trustee under Section 8.07; and 
  
 (ii) all Events of Default with respect to Securities of
that Series, other than the nonpayment of the principal of Securities of that Series that have become due solely by such acceleration, have been cured or waived as provided in Section 7.13. 
  
 No such rescission shall affect any subsequent default or
impair any right consequent thereon. 
  
 SECTION 7.03.
Collection of Indebtedness and Suits for Enforcement by Trustee. The Company covenants, that if: 
  
 (i) default is made in the payment of any installment of interest on any Security of any Series when such interest becomes due and payable
and such default continues for a period of 30 days, or 
  
 (ii) default is made in the payment of the principal of or premium, if any, on any Security of any Series at the Maturity thereof, 
  
 the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holder of any such Security of that Series, the whole amount then due and payable on any
Security of that Series for principal, premium, if any, and interest, with interest upon the overdue principal and premium, if any, and, to the extent that payment of such interest shall be lawful, upon overdue installments of interest, at the rate
or rates prescribed therefor by the terms of any Security of that Series; and, in addition thereto, such further amount as shall be sufficient to cover the 

  

 28 

 
reasonable costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel and any other amounts due the Trustee under Section 8.07. 
  
 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, and 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 decreed 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 Series of Securities 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
7.04. 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 any 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, premium, if any, or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise:

  
 (i) to file and prove a claim for the whole
amount of principal (or, in the case of Original Issue Discount Securities, the portion of the stated principal of the Original Issue Discount Securities as may be provided in the terms thereof), premium, if any, and interest due 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 any other amounts due the Trustee under Section 8.07) and of the Holders allowed in such judicial proceeding; 
  
 (ii) to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; and

  
 (iii) unless prohibited by law or applicable
regulations, to vote on behalf of the Holders of the Securities in any election of a trustee in bankruptcy or other person performing similar functions; 
  
 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 to it for the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 8.07. 
  
 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder of a Security 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 of a Security in any such proceeding. 

 
 SECTION 7.05. Trustee May Enforce Claims Without Possession of
Securities. All rights of action and claims under this Indenture or under the Securities of any Series, may be prosecuted and enforced by the Trustee without the possession of any of the Securities of such Series 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 and any other amounts due the Trustee under Section 8.07, be for the ratable benefit of the Holders of the Securities of such Series in respect of which such judgment has
been recovered. 
  
 SECTION 7.06. Application of Money
Collected. Any money collected by the Trustee with respect to a Series of Securities 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, premium, if any, or interest, upon 

  

 29 

 
presentation of the Securities of that Series, 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 8.07 with respect to the Securities of that Series; 
  
 SECOND: To the payment of the amounts then due and unpaid upon the Securities of that Series for principal, premium, if any, and interest 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 Securities of that Series, for principal, premium, if any, and interest, respectively. The Holders of each Series of Securities denominated in any
composite currency or a Foreign Currency shall be entitled to receive a ratable portion of the amount determined by the Exchange Rate Agent by converting the principal amount Outstanding of that Series of Securities and matured but unpaid interest
on such Series of Securities in the currency in that Series of Securities denominated into Dollars at the Exchange Rate as of the Business Day immediately preceding the date of payment; and 
  
 THIRD: The balance, if any, to the Company. 
  
 SECTION 7.07. 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: 
  
 (i) such Holder has previously given written notice to the
Trustee of a continuing Event of Default with respect to Securities of such Series; 
  
 (ii) the Holders of not less than 25% in principal amount of the Outstanding Securities of such 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; 
  
 (iii) such Holder or Holders have offered to the Trustee reasonable indemnity against the costs, expenses and liabilities to be incurred
in compliance with such request; 
  
 (iv) the
Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and 
  
 (v) 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 such Series; 
  
 it
being understood and intended that no one or more Holders of Securities of such Series 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 Holders of Securities of such Series or to obtain or to seek to obtain priority or preference over any other 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 the Holders of Securities of such Series. 
  
 SECTION
7.08. Unconditional Right of Holders To Receive Principal, Premium and Interest. Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, that is absolute and unconditional, to receive payment of
the principal of, premium, if any, and, subject to Section 3.08, interest on such Security on the respective Stated Maturities expressed in such Security or, in the case of redemption or repurchase, on the Redemption Date or Repurchase Date and to
institute suit for the enforcement of such payment, and such rights shall not be impaired without the consent of such Holder. 
  
 SECTION 7.09. Restoration of Rights and Remedies. If the Trustee or any Holder of a Security 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 the Company, the Trustee and the Holders shall, subject
to any determination in such proceeding, be restored severally and respectively to their former positions hereunder, and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been
instituted. 
  
 SECTION 7.10. Rights and Remedies
Cumulative. Except as otherwise provided with respect to the replacement or payment of mutilated, lost, destroyed or stolen Securities in the last paragraph of Section 3.07, no 

  

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right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right
and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy
hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
  
 SECTION 7.11. Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder of any Security 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 7.12. 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: 
  
 (i) such direction shall not be in conflict with any rule of
law or with this Indenture; 
  
 (ii) the Trustee
shall not determine that the action so directed would be unjustly prejudicial to the Holders not taking part in such direction; 
  
 (iii) subject to the provisions of Section 8.01, the Trustee shall have the right to decline to follow any such direction if the Trustee
in good faith shall, by a Responsible Officer or Officers of the Trustee, determine that the proceeding so directed would involve the Trustee in personal liability; and 
  
 (iv) the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such
direction. 
  
 SECTION 7.13. Waiver of Past Defaults. The
Holders of 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 and its consequences, except a default not theretofore cured:

  
 (i) in the payment of the principal of,
premium, if any, or interest on any Security of such Series; or 
  
 (ii) in respect of a covenant or provision hereof which under Article Nine 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 the Securities of such Series under this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon.

  
 SECTION 7.14. 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 7.14 shall not apply to any
suit instituted by the Company, to any suit instituted by the Trustee, to any suit instituted by any Holder or group of Holders, holding in the aggregate more than 10% in principal amount of the Outstanding Securities of any Series, or to any suit
instituted by any Holder of Securities for the enforcement of the payment of the principal of, premium, if any, or interest on any Security on or after the respective Stated Maturities expressed in that Security (or, in the case of redemption or
repurchase, on or after the Redemption Date or Repurchase Date). 
  
 SECTION 7.15. Waiver of Stay or Extension Laws. The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage
of, any stay or extension law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture. The Company (to the extent that it may lawfully do so) 

  

 31 

 
hereby expressly waives all benefit or advantage of any such law, and covenants that it will not hinder, delay or impede the execution of any power herein
granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 
  
 ARTICLE EIGHT 
  
 The Trustee 
  
 SECTION 8.01. Certain Duties and Responsibilities. (i) Except during the continuance of an Event of Default with respect to any Series of Securities: 
  
 (a) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this
Indenture with respect to Securities of such Series, and no implied covenants or obligations shall be read into this Indenture against the Trustee with respect to such Series; and 
  
 (b) in the absence of bad faith on its part, the Trustee may conclusively rely with respect to the
Securities of that Series, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any
such certificate or opinions that by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform as to form to the requirements of this
Indenture. 
  
 (ii) In case an Event of Default
with respect to any Series of Securities has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture with respect to such Series, and use the same degree of care and skill in their
exercise, as a prudent person would exercise under the circumstances in the conduct of his or her own affairs. 
  
 (iii) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own
negligent failure to act, or its own willful misconduct, except that: 
  
 (a) this Section 8.01(iii) shall not be construed to limit the effect of Section 8.01(i); 
  
 (b) the Trustee shall not be liable for any error or judgment made in good faith by a Responsible Officer, unless it shall be proved that
the Trustee was negligent in ascertaining the pertinent facts; 
  
 (c) the Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it 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
Securities of such Series; and 
  
 (d) no
provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have
reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 
  
 (iv) Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of
or affording protection to the Trustee shall be subject to the provisions of this Section 8.01. 
  
 SECTION 8.02. Notice of Default. Within 90 days after the occurrence of any default hereunder with respect to Securities of any Series, the Trustee
shall transmit by mail to all Holders of Securities of such Series entitled to receive reports pursuant to Section 6.02(a) notice of such default hereunder known to the Trustee, unless such default shall have been cured or waived; provided, however,
that, except in the case of a default in the payment of the principal of, premium, if any, or interest on any Security of such Series, or in the payment of any sinking fund installment with respect to Securities of such Series, the Trustee shall be
protected in withholding such notice if and 

  

 32 

 
so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith
determines that the withholding of such notice is in the interests of the Holders of Securities of such Series. For the purpose of this Section 8.02, the term “default,” with respect to Securities of any Series, means any event that is, or
after notice or lapse of time, or both, would become, an Event of Default with respect to Securities of such Series. 
  
 SECTION 8.03. Certain Rights of Trustee. Except as otherwise provided in Section 8.01: 
  
 (i) the Trustee may rely and shall be protected in acting or
refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, Security or other paper or document believed by it to be genuine and to have been signed or presented
by the proper party or parties; 
  
 (ii) any
request or direction of the Board of Directors referred to herein shall be sufficiently evidenced by a Company Request or Company Order, and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 
  
 (iii) whenever in the administration of this Indenture the
Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part,
rely upon an Officers’ Certificate; 
  
 (iv)
the Trustee may consult with counsel 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 in good faith and in reliance
thereon; 
  
 (v) the Trustee shall be under no
obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee reasonable security or indemnity
against the costs, expenses and liabilities that might be incurred by it in compliance with such request or direction; 
  
 (vi) the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, security or other paper or document, but the Trustee, in its discretion, may make further inquiry or investigation into such facts or matters as it may see fit, and, if
the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney and, if so requested to do so by any of the Holders, at the
sole cost and expense of the Holders; 
  
 (vii)
the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys, and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or
attorney appointed with due care by it hereunder; 
  
 (viii) the Trustee shall not be charged with knowledge of any default (as defined in Section 8.02) or Event of Default unless either (1) a Responsible Officer of the Trustee shall have actual knowledge of such default or Event of Default or
(2) written notice of such default or Event of Default shall have been given to the Trustee by the Company or any Holder; 
  
 (ix) the Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and reasonably believed by it to be
authorized or within the discretion or rights or powers conferred upon it by this Indenture; and 
  
 (x) in the event that the Trustee is also acting as Paying Agent, Authenticating Agent or Registrar hereunder, the rights and protections
afforded to the Trustee pursuant to this Article Eight shall also be afforded to such Paying Agent, Authenticating Agent or Registrar. 
  

 33 

 SECTION 8.04. Not Responsible for Recitals or Issuance of Securities. The recitals contained
herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the statements of the Company, and neither the Trustee nor any Authenticating Agent assumes responsibility for their correctness. The Trustee
makes no representations as to the validity or sufficiency of this Indenture or of the Securities. The Trustee shall not be accountable for the use or application by the Company of Securities or the proceeds thereof. 
  
 SECTION 8.05. May Hold Securities. The Trustee, any Authenticating
Agent, any Paying Agent, the Registrar or any other agent of the Company, in its individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 8.08 and 8.13, may otherwise deal with the Company with the
same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Registrar or such other agent. 
  
 SECTION 8.06. Money Held in Trust. Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent
required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company. 
  
 SECTION 8.07. Compensation and Reimbursement. The Company agrees: 
  
 (i) to pay to the Trustee from time to time reasonable
compensation for all services rendered to the Company by the Trustee hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 
  
 (ii) except as otherwise expressly provided herein, to
reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture and relating to Securities issued by the Company (including the
reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to the Trustee’s negligence or bad faith; and 
  
 (iii) to indemnify the Trustee for, and to hold it harmless
against, any loss, liability or expense incurred without negligence or bad faith on the Trustee’s part, arising out of or in connection with the acceptance or administration of this trust in connection with the Securities of the Company,
including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder. 
  
 As security for the performance of the obligations of the Company under this Section, the Trustee shall have a lien prior to
the Securities upon all property and funds held or collected by the Trustee in connection with the Securities of the Company as such, except funds held in trust for the payment of principal of, premium, if any, or interest on particular Securities.

  
 Without prejudice to any other rights available to the Trustee
under applicable law, when the Trustee incurs expenses or renders services in connection with an Event of Default specified in Section 7.01(iv) or (v) as to the Securities of a Series, the expenses (including the reasonable fees and expenses of its
counsel) and the compensation for the services are intended to constitute expenses of administration in connection with the Securities of the Company under any applicable bankruptcy, insolvency or other similar law. 
  
 The obligations of the Company set forth in this Section 8.07 and any lien
arising hereunder shall survive the resignation or removal of any Trustee, the discharge of the Company’s obligations pursuant to Article Eleven of this Indenture and the termination of this Indenture and the repayment of the Securities whether
at the Stated Maturity or otherwise. 
  
 SECTION 8.08.
Disqualification; Conflicting Interests. If the Trustee has or shall acquire a conflicting interest within the meaning of Section 310(b) of the TIA, the Trustee shall either eliminate such conflicting interest or resign, to the extent and in the
manner provided by, and subject to the provisions of, the TIA and this Indenture. To the extent permitted by the TIA, the Trustee shall not be deemed to have a conflicting interest with respect to the Securities of any Series by virtue of being
Trustee with respect to the Securities of any particular Series of Securities other than that Series. 
  
 SECTION 8.09. Corporate Trustee Required; Eligibility. There shall at all times be a Trustee with respect to each Series of Securities hereunder
that shall be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital and
surplus of at least $50,000,000, subject to 

  

 34 

 
supervision or examination by Federal or State authority; provided, however, that if Section 310(a) of the TIA or the rules and regulations of the Commission
under the TIA at any time permit a corporation organized and doing business under the laws of any other jurisdiction to serve as trustee of an indenture qualified under the TIA, this Section 8.09 shall be automatically deemed amended to permit a
corporation organized and doing business under the laws of any such jurisdiction to serve as Trustee hereunder. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising
or examining authority, then for the purposes of this Section 8.09, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. Neither
the Company nor any person directly or indirectly controlling, controlled by or under common control with the Company may serve as Trustee. If at any time the Trustee with respect to any Series of Securities shall cease to be eligible in accordance
with the provisions of this Section 8.09, it shall resign immediately in the manner and with the effect hereinafter specified in this Article Eight. The Trustee is subject to TIA §310(b), including the optional provision permitted by the second
sentence of TIA §310(b)(9). The Trustee and any successor Trustee shall always satisfy the requirements of TIA §310(a)(1), (2) and (5). 
  
 SECTION 8.10. Resignation and Removal; Appointment of Successor Trustee. 
  
 (i) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this
Article shall become effective until the acceptance of appointment by the successor Trustee under Section 8.11. 
  
 (ii) The Trustee may resign with respect to any Series of Securities at any time by giving written notice thereof to the Company. If an
instrument of acceptance by a successor Trustee shall not have been delivered to the resigning Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the
appointment of a successor Trustee with respect to Securities of such Series. 
  
 (iii) The Trustee may be removed with respect to any Series of Securities at any time by Act of the Holders of a majority in principal amount of the Outstanding Securities of such Series, delivered to the Trustee and
to the Company. 
  
 (iv) If at any time:

  
 (a) the Trustee shall fail to comply with
Section 8.08 with respect to any Series of Securities after written request therefor by the Company or by any Holder who has been a bona fide Holder of a Security of such Series for at least six months; or 
  
 (b) the Trustee shall cease to be eligible under Section
8.09 with respect to any Series of Securities and shall fail to resign after written request therefor by the Company or by any Holder of Securities of such Series; or 
  
 (c) the Trustee shall become incapable of acting with respect to any Series of Securities or shall be
adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or
liquidation; 
  
 then, in any such case, (1) the Company by a
Board Resolution may remove the Trustee with respect to such Series, or (2) subject to Section 7.14, any Holder who has been a bona fide Holder of a Security of such Series for at least six months may, on behalf of himself and all others similarly
situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee with respect to such Series. 
  

(v) If the Trustee shall resign, be removed or become incapable of acting with respect to any Series of Securities, or if a vacancy
shall occur in the office of the Trustee with respect to any Series of Securities for any cause, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those Series (it
being understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such Series and that at any time there shall be only one Trustee with respect to the Securities of any particular Series) and
shall comply with the applicable requirements of Section 8.11. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to such Series of 

  

 35 

 
Securities shall be appointed by the Act of the Holders of a majority in principal amount of the Outstanding Securities of such Series delivered to the
Company and the retiring Trustee with respect to such Series, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee with respect to such Series and to that extent supersede the
successor Trustee appointed by the Company with respect to such Series. If no successor Trustee with respect to such Series shall have been so appointed by the Company or the Holders of Securities of such Series and accepted appointment in the
manner hereinafter provided, any Holder who has been a bona fide Holder of a Security of such Series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the
appointment of a successor Trustee with respect to such Series. 
  
 (vi) The Company shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any Series and each appointment of a successor Trustee with respect to the Securities of any
Series by mailing written notice of that event by first-class mail, postage prepaid, to the Holders of Registered Securities of that Series as their names and addresses appear in the Register. Each notice shall include the name of the successor
Trustee with respect to the Securities of such Series and the address of its Principal Corporate Trust Office. 
  
 SECTION 8.11. Acceptance of Appointment by Successor Trustee. (i) In the case of the appointment hereunder of a successor Trustee with respect to
any Series of Securities, every such successor Trustee so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring
Trustee shall become effective with respect to all or any Series as to that it is resigning as Trustee, and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of
the retiring Trustee with respect to all or any such Series; but, on request of the Company or such successor Trustee, such retiring Trustee shall upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee
all the rights, powers and trusts of such retiring Trustee with respect to all or any such Series; and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to
all or any such Series, subject nevertheless to its lien, if any, provided for in Section 8.07. 
  
 (ii) In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) Series, the
Company, the retiring Trustee and each successor Trustee with respect to the Securities of that or those Series shall execute and deliver a Supplemental Indenture wherein each successor Trustee shall accept such appointment and that (a) shall
contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those Series to
which the appointment of such successor Trustee relates, (b) if the retiring Trustee is not retiring with respect to all Series of Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those Series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (c) shall add to or change any of the
provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such Supplemental Indenture shall constitute such
Trustee’s co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee; and upon the execution and delivery
of such Supplemental Indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested with all the
rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those Series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring
Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those Series to which the appointment of such successor Trustee
relates, subject nevertheless to its lien, if any, provided for in Section 8.07. 
  
 (iii) Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting
in and confirming to such successor Trustee all such rights, powers and trusts referred to in paragraph (i) or (ii) of this Section, as the case may be. 
  

 36 

 (iv) No successor Trustee with respect to a Series of Securities shall accept its
appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible with respect to such Series under this Article. 
  
 SECTION 8.12. Merger, Conversion, Consolidation or Succession to Business of Trustee. Any corporation into which the Trustee may be merged or
converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party or any corporation succeeding to all or substantially all of the corporate trust business
of the Trustee, shall be the successor of the Trustee hereunder; provided that such corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the
parties hereto. In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the
Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities. 
  
 SECTION 8.13. Preferential Collection of Claims Against the Company. The Trustee is and shall be subject to the provisions of TIA §311(a).
There shall be excluded from the operation of TIA §311(a) for all purposes, each creditor relationship described or listed in TIA §311(b). A Trustee that has resigned or been removed shall be subject to and shall comply with TIA
§311(a) to the extent required thereby. 
  
 SECTION 8.14.
Appointment of Authenticating Agents. The Trustee may appoint an Authenticating Agent or Agents, that may include any Affiliate of the Company, with respect to one or more Series of Securities. Such Authenticating Agent or Agents shall, at the
option of the Trustee, be authorized to act on behalf of the Trustee to authenticate Securities of such Series issued upon original issuance, exchange, registration of transfer or partial redemption thereof or pursuant to Section 3.07, and
Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Whenever reference is made in this Indenture to the authentication and
delivery of Securities by the Trustee or the Trustee’s certificate of authentication or the delivery of Securities to the Trustee for authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee
by an Authenticating Agent, a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent and delivery of Securities to the Authenticating Agent on behalf of the Trustee. Each Authenticating Agent shall be acceptable
to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a
combined capital and surplus of not less than $50,000,000 and subject to supervision or examination by Federal or State authority. Notwithstanding the foregoing, an Authenticating Agent located outside the United States may be appointed by the
Trustee if previously approved in writing by the Company and if such Authenticating Agent meets the minimum capitalization requirements of this Section 8.14. If such Authenticating Agent publishes reports of condition at least annually, pursuant to
law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its
most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect
specified in this Section. 
  
 Any corporation into which an
Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the
corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating Agent; provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any
further act on the part of the Trustee or the Authenticating Agent. 
  
 An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the Company. The Trustee may at any time (and upon request by the Company shall) terminate the agency of an Authenticating Agent by giving
written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section, the Trustee may appoint a successor Authenticating Agent that shall be acceptable to the Company. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights,
powers and duties of its predecessor 

  

 37 

 
hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the
provisions of this Section. 
  
 If an appointment with respect to
one or more Series is made pursuant to this Section, the Securities of such Series may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication substantially in the following
form: 
  
 This is one of the Securities of the Series designated
herein referred to in the within-mentioned Indenture. 
  

			
	 J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee,

		
	 By
	 	 
	 	 	Authenticating Agent
		
	 By
	 	 
	 	 	Authorized Signatory

  
 ARTICLE NINE

  
 Supplemental Indentures 
  
 SECTION 9.01. Supplemental Indentures Without Consent of Holders.
Without the consent of any Holder of any Securities, the Company, when authorized by a Board Resolution, and the Trustee, at any time and from time to time, may enter into one or more Supplemental Indentures, in form satisfactory to the Trustee, for
any of the following purposes: 
  
 (i) to
evidence the succession of another corporation or Person to the Company, and the assumption by any such successor of the covenants of the Company herein and in the Securities contained; or 
  
 (ii) to evidence and provide for the acceptance of
appointment by another corporation as a successor Trustee hereunder with respect to one or more Series of Securities and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the
administration of the trusts hereunder by more than one Trustee, pursuant to Section 8.11; or 
  
 (iii) to add to the covenants of the Company, for the benefit of the Holders of Securities of all or any Series of Securities (and if such
covenants are to be for the benefit of less than all Series of Securities, stating that such covenants are expressly being included solely for the benefit of that Series or those Series specified in such Supplemental Indenture), or to surrender any
right or power herein conferred upon the Company; or 
  
 (iv) to cure any ambiguity, to correct or supplement any provision herein that may be inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under the Indenture; provided
that such action shall not adversely affect the interests of the Holders of Securities of any Series; or 
  
 (v) to add any additional Events of Default with respect to all or any Series of the Securities (and, if such Event of Default is
applicable to less than all Series of Securities, specifying the Series to which such Event of Default is applicable); or 
  
 (vi) to add to, change or eliminate any of the provisions of this Indenture; provided that any such addition, change or elimination (a)
shall become effective only when there is no Security Outstanding of any Series created prior to the execution of such Supplemental Indenture that is adversely affected by such change in or elimination of such provision or (b) shall not apply to any
Securities Outstanding; or 
  
 (vii) to establish
the form or terms of Securities of any Series as permitted by Sections 2.02 and 3.01; or 
  
 (viii) to evidence any changes to Section 8.09 as permitted by the terms thereof; or 
  

 38 

 (ix) to comply with requirements of the Commission in order to effect or maintain the
qualification of this Indenture under the TIA; or 
  
 (x) to add to or change or eliminate any provision of this Indenture as shall be necessary or desirable in accordance with any amendments to the TIA; provided such action shall not adversely affect the interest of Holders of Securities of
any Series. 
  
 SECTION 9.02. Supplemental Indentures With
Consent of Holders. (a) With the consent of the Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of all Series affected by such Supplemental Indenture or Indentures (acting as one class), by Act of
said Holders delivered to the Company and the Trustee, the Company, when authorized by a Board Resolution and the Trustee may enter into an Indenture or Supplemental Indenture for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the Holders of Securities of each such Series under this Indenture; provided, however, that no such Supplemental Indenture shall, without the consent of
the Holder of each Outstanding Security affected thereby: 
  
 (i) change the Maturity of the principal of, or the Stated Maturity of any installment of interest (or premium, if any) on, any Security, or reduce the principal amount thereof or any premium thereon or the rate of
interest thereon or change the method or methods for determining the rate of interest thereon or change the obligation of the Company to pay additional amounts pursuant to Section 5.04 (except as contemplated by Section 10.01(i) and permitted by
Section 9.01), or reduce the amount of the principal of an Original Issue Discount Security that would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 7.02 or a repurchase or redemption of any
Securities affected, or change the method of calculating interest thereon or the coin or currency in which any Security, premium, if any, thereon, or the interest thereon is payable, or reduce the minimum rate of interest thereon, or impair the
right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption or repurchase on or after the Redemption Date or Repurchase Date); 
  
 (ii) reduce the percentage in principal amount of the
Outstanding Securities of any Series, the consent of whose Holders is required for any such Supplemental Indenture or the consent of whose Holders is required for any waiver of certain defaults hereunder and their consequences as provided for in
this Indenture or reduce the requirements of Section 14.04 for a quorum; 
  
 (iii) change any obligation of the Company to maintain an office or agency in the places and for the purposes specified in Section 5.02; or 
  
 (iv) modify any of the provisions of this Section 9.02 or Section 7.13, except to increase any such
percentage or to provide that certain other provisions of this Indenture cannot be modified or waived. 
  
 (b) It shall not be necessary for any Act of Holders under this Section to approve the particular form of any proposed Supplemental Indenture, but it
shall be sufficient if such Act shall approve the substance thereof. 
  
 (c) A Supplemental Indenture that changes or eliminates any covenant or other provision of this Indenture that has expressly been included solely for the benefit of one or more particular Series of Securities, or that modifies the rights of
the Holders of Securities of such Series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other Series. 
  
 SECTION 9.03. Execution of Supplemental Indentures. In executing, or
accepting the additional trusts created by, any Supplemental Indenture permitted by this Article Nine or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 8.01) shall
be fully protected in relying upon, an Opinion of Counsel stating that the execution of such Supplemental Indenture is authorized or permitted by and complies with this Indenture. The Trustee may, but shall not be obligated to, enter into any such
Supplemental Indenture that affects the Trustee’s own rights, liabilities, duties or immunities under this Indenture or otherwise. 
  
 SECTION 9.04. Effect of Supplemental Indentures. Upon the execution of any Supplemental Indenture under this Article Nine, this Indenture shall be
modified in accordance therewith, and such Supplemental Indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby.

  

 39 

 SECTION 9.05. Conformity with Trust Indenture Act. Every Supplemental Indenture executed pursuant
to this Article Nine shall conform to the requirements of the TIA as then in effect. 
  
 SECTION 9.06. Reference in Securities to Supplemental Indentures. Securities authenticated and delivered after the execution of any Supplemental Indenture pursuant to this Article Nine may, and shall, if
required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such Supplemental Indenture. If the Company shall so determine, new Securities so modified as to conform, in the opinion of the Trustee and the
Company, to any such Supplemental Indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities. 
  
 ARTICLE TEN 
  
 Amalgamation, Consolidation, Merger, Conveyance or Transfer 
  

SECTION 10.01. Company May Consolidate Only on Certain Terms. So long as any Security remains Outstanding, the Company shall not amalgamate or
consolidate with or merge into any other corporation or convey or transfer its properties and assets substantially as an entirety to any Person or enter into any reorganization or arrangement, unless: 
  
 (i) the Company shall be the surviving or continuing entity
or the Person formed by such amalgamation, consolidation or into which the Company is merged or the Person that acquires by conveyance or transfer the properties and assets of the Company substantially as an entirety is an entity organized under the
laws of a state of the United States of America, and the Company has delivered to the Trustee (x) an Opinion of Counsel to the effect that Holders will not recognize income, gain or loss for federal income tax purposes as a result of such
amalgamation, consolidation, merger, conveyance or transfer transaction involving the Company, and will be subject to Federal income tax on the same amount and in the same manner and at the same times as would have been the case if such transaction
had not been effected, which Opinion of Counsel shall be based upon (and accompanied by a copy of) a ruling of the Internal Revenue Service to the same effect unless there has been a change in applicable Federal income tax law after the Closing Date
such that a ruling is no longer required or (y) a ruling directed to the Trustee received from the Internal Revenue Service to the same effect as the aforementioned Opinion of Counsel; 
  
 (ii) immediately after giving effect to such transaction, no Event of Default, and no event that, after
notice or lapse of time, or both, would become an Event of Default, shall have happened and be continuing; and 
  
 (iii) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that such
amalgamation, consolidation, merger, conveyance or transfer and such Supplemental Indenture comply with this Article Ten and that all conditions precedent herein provided for relating to such transaction have been complied with. 
  
 SECTION 10.02. Successor Corporation Substituted. Upon any
amalgamation, consolidation, merger, reorganization or arrangement or any conveyance or transfer of the properties and assets of the Company substantially as an entirety in accordance with Section 10.01, the successor Person formed by such
amalgamation or consolidation or into which the Company is merged or to which such conveyance or transfer is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company, as the case may be, under this
Indenture with the same effect as if such successor Person had been named as the Company herein. In the event of any such conveyance or transfer, the Company, as the predecessor corporation, shall be relieved of all obligations and covenants under
this Indenture and the Securities, and may be dissolved, wound up and liquidated at any time thereafter. Such successor Person thereupon may cause to be signed, and may issue either in its own name or in the name of the Company, any or all of
Securities of any Series issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee. All Securities so issued shall in all respects have the same legal rank and benefit under this Indenture as
Securities theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such Securities had been issued, or annexed, or endorsed at the date of the execution hereof. 
  

 40 

 ARTICLE ELEVEN 
  
 Satisfaction and Discharge 
  
 SECTION 11.01. Option to Effect Legal Defeasance or Covenant Defeasance. The Company may, at the option of the Board of Directors evidenced by a
resolution set forth in an Officers’ Certificate, at any time, elect to have either Section 11.02 or 11.03 be applied to all outstanding Securities of all Series or any Series upon compliance with the conditions set forth below in this Article
Eleven. 
  
 SECTION 11.02. Legal Defeasance and Discharge.
Upon the Company’s exercise under Section 11.01 of the option applicable to this Section 11.02 as to the outstanding Securities of all Series or any Series, the Company, as applicable, shall, subject to the satisfaction of the applicable
conditions set forth in Section 11.04, be deemed to have been discharged from its obligations with respect to all outstanding Securities as to which the option provided in Section 11.01 is exercised, on the date the conditions set forth below are
satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such outstanding Securities, which shall thereafter
be deemed to be “outstanding” only for the purposes of Section 11.05, Section 11.09 and the other Sections of this Indenture referred to below, and to have satisfied all its other obligations under such Securities and this Indenture (and
the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of
Holders of outstanding Securities to receive solely from the trust fund described in Section 11.04, and as more fully set forth in such Section, payments in respect of the principal of, premium, if any, and interest and Additional Interest, if any,
on such Securities when such payments are due, (b) the Company’s obligations with respect to such Securities under Article Three and Section 5.02, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the
Company’s obligations in connection therewith and (d) this Article Eleven. Subject to compliance with this Article Eleven, the Company may exercise its option under this Section 11.02 notwithstanding the prior exercise of its option under
Section 11.03. 
  
 SECTION 11.03. Covenant Defeasance. Upon
the Company’s exercise under Section 11.01 of the option applicable to this Section 11.03 as to the outstanding Securities of all Series or any Series, subject to the satisfaction of the applicable conditions set forth in Section 11.04, the
Company shall be released from its respective obligations under Section 5.06 and any covenants which are made a part of the terms of the Securities of a Series in accordance with clause (xx) of the fifth paragraph of Section 3.01 (unless such a
covenant is expressly excluded from the release contemplated by this Section 11.03), in each case on and after the date the conditions set forth below are satisfied as to those Securities as to which that option is exercised (hereinafter,
“Covenant Defeasance”), and such Securities shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with
such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Securities shall not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means
that, with respect to the outstanding Securities of any Series as to which the Covenant Defeasance has occurred, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such
covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall
not constitute or give rise to a default or an Event of Default under Section 7.01(iii), but, except as specified above, the remainder of this Indenture and such Securities shall be unaffected thereby. In addition, upon the Company’s exercise
under Section 11.01 of the option applicable to this Section 11.03, subject to the satisfaction of the applicable conditions set forth in Section 11.04, Section 7.01(iii) shall not constitute Events of Default. 
  
 SECTION 11.04. Conditions to Legal or Covenant Defeasance. The
following shall be the conditions to the application of either Section 11.02 or 11.03 to the outstanding Securities of a Series: 
  
 In order to exercise either Legal Defeasance or Covenant Defeasance: 
  
 (1) the Company must irrevocably deposit or cause to be deposited with the Trustee, in trust, for the
benefit of the Holders of the Securities as to which Legal Defeasance or Covenant Defeasance will occur, moneys (which shall be United States legal tender except to the extent necessary to provide for the payment of any Series of Securities that is
denominated in a currency other than Dollars, in which case such moneys shall include such other currency) and Government Securities (or to the extent that a Series of Securities is denominated in a currency other than Dollars, equivalent securities
issued by a government, 

  

 41 

 
governmental agency or central bank of a country in whose currency the Series of Securities is denominated that are backed by the full faith and credit of
the government of that country) or a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay the principal of, premium, if any, interest on such Securities
on the Stated Maturity for payment thereof or on the redemption date of such principal or installment of principal of, premium, if any, or interest on such Securities (and the Company must specify whether the Securities are being defeased to
maturity or to a particular redemption date), and the Holders of such Securities must have a valid, perfected, exclusive security interest in such trust; 
  
 (2) in the case of an election under Section 11.02, the Company shall have delivered to the Trustee an Opinion of Counsel in the United
States reasonably acceptable to the Trustee confirming that (A) the Company has received from, or there has been published by the Internal Revenue Service, a ruling or (B) since the date of this 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 such Securities will not recognize income, gain or loss for Federal income tax purposes as a result of such Legal
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 Legal Defeasance had not occurred; 
  
 (3) in the case of an election under Section 11.03, the Company shall have delivered to the Trustee an
Opinion of Counsel in the United States reasonably acceptable to such Trustee confirming that the Holders of such Securities will not recognize income, gain or loss for Federal income tax purposes as a result of such Covenant Defeasance and will be
subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 
  
 (4) no Default or Event of Default shall have occurred and be continuing on the date of such deposit (other
than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit); 
  
 (5) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, this
Indenture or any other material agreement or instrument to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound; 
  
 (6) the Company shall have delivered to the Trustee an Opinion of Counsel in the United States reasonably
acceptable to such Trustee confirming that, after the 91st day following such deposit, the deposited funds will not be part of any “estate” formed by the bankruptcy of the Company or subject to the “automatic stay” under the
Bankruptcy Code or, in the case of Covenant Defeasance, will be subject to a first priority Lien in favor of the Trustee for the benefit of the Holders; 
  
 (7) 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 such Securities over any other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company or others; and 
  
 (8) the Company shall have delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that the conditions precedent provided for in such documents have been complied with. 
  
 If the funds deposited with the Trustee to effect Covenant Defeasance are insufficient to pay the principal of, premium, if any, and interest on the
Securities when due, then the obligations of the Company under this Indenture will be revived, no such defeasance shall be deemed to have occurred and, at the request of the Company, the Trustee will return to the Company the funds deposited by the
Company to effect the Covenant Defeasance. 
  

 42 

 SECTION 11.05. Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous
Provisions. Subject to Section 11.06, all moneys and Government Securities (and any foreign government securities) (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this
Section 11.05, the “Trustee”) pursuant to Section 11.04 in respect of outstanding Securities shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment, either
directly or through any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders of such Securities of all sums due and to become due thereon in respect of principal, premium, if any, and interest (and
Additional Interest, if any), but such money need not be segregated from other funds except to the extent required by law. 
  
 The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or Government Securities
deposited pursuant to Section 11.04 or the principal and interest received in respect thereof, other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Securities. 
  
 Anything in this Article Eleven to the contrary notwithstanding, the Trustee
shall deliver or pay to the Company from time to time upon the request of the Company any money or Government Securities held by it as provided in Section 11.04 which, in the opinion of a nationally recognized firm of independent public accountants
expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 11.04), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance
or Covenant Defeasance. 
  
 SECTION 11.06. Repayment to the
Company. Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium, if any, or interest on any Security and remaining unclaimed for two years after such
principal, and premium, if any, or interest has become due and payable shall be paid to the Company on its written request or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as a
creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however,
that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in the New York Times and The Wall Street Journal (national edition), notice that such money
remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Company. 
  
 SECTION 11.07. Reinstatement. If the Trustee or Paying Agent is unable
to apply any moneys, Government Securities or other securities that have been deposited pursuant to Section 11.04 in accordance with Section 11.02 or 11.03, as the case may be, by reason of any order or judgment of any court or governmental
authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this Indenture and the Securities as to which the option under Section 11.01 is exercised shall be revived and reinstated as though
no deposit had occurred pursuant to Section 11.04, until such time as the Trustee or Paying Agent is permitted to apply all such moneys, Government Securities or other securities in accordance with Section 11.02 or 11.03, as the case may be;
provided, however, that, if the Company makes any payment of principal of, premium, if any, or interest on any Security following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such
Securities to receive such payment from the moneys, Government Securities or other securities held by the Trustee or Paying Agent. 
  
 SECTION 11.08. Satisfaction and Discharge of Indenture. This Indenture shall cease to be of further effect (except as to any surviving rights of
registration of transfer or exchange of Securities as provided in Sections 3.06 and 3.07 and in the Securities, all rights to receive payments thereof or thereon as provided in Sections 3.08 and 5.01 and otherwise in this Indenture and in the
Securities and any right to receive additional amounts as provided in Section 5.04), and the Trustee, on receipt of a Company Request and at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of
this Indenture with respect to the Company, when: 
  
 (i) either 
  
 (a) all Securities
theretofore authenticated and delivered (other than (1) Securities that have been destroyed, lost or stolen and which have been replaced or paid as provided in 

  

 43 

 
Section 3.07, and (2) Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and
thereafter repaid to the Company or discharged from such trust, as provided in Section 5.03) have been delivered to the Trustee for cancellation; or 
  
 (b) 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 Maturity within 60
days, or 
  
 (3) are to be called for redemption
within 60 days under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, 
  
 and the Company, in the case of clause (b) (1), (2) or (3) above, has deposited or caused to be deposited with the Trustee,
as trust funds in trust for that purpose, an amount sufficient to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal, premium, if any, and interest to the date of
such deposit (in the case of Securities that have become due and payable), or to the Maturity or Redemption Date, as the case may be; 
  
 (ii) the Company has paid or caused to be paid all other sums payable hereunder by it; and 
  
 (iii) no Default or Event of Default shall have occurred and
be continuing; and 
  
 (iv) 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. 
  
 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the
Company to the Trustee under Section 8.07 and, if money shall have been deposited with the Trustee pursuant to clause (i)(b) of this Section 11.08, the obligations of the Trustee under Section 11.02 and the last paragraph of Section 5.03 shall
survive. 
  
 SECTION 11.09. Application of Trust Money.
Subject to the provisions of the last paragraph of Section 5.03, all money deposited with the Trustee pursuant to Section 11.01 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the
payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent), as the Trustee may determine, to the Persons entitled thereto, of the principal, premium, if any, and interest for whose payment such money
has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. 
  
 ARTICLE TWELVE 
  
 Immunity of Incorporators, Stockholders, Officers and Directors 
  
 SECTION 12.01. Exemption from Individual Liability. No recourse under or upon any obligation, covenant or agreement of this Indenture, or of any
Security, or for any claim based thereon or otherwise in respect thereof, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor corporation, either directly or
through the Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that this Indenture and the obligations issued hereunder are solely
corporate obligations of the Company, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, stockholders, officers or directors, as such, of the Company or of any successor corporation, or
any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Securities or implied therefrom; and that any and all such
personal liability, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator, stockholder, officer or director, as such, because of the creation of the indebtedness
hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Securities or implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration
for, the execution of this Indenture and the issuance of the Securities. 
  

 44 

 ARTICLE THIRTEEN 
  
 Sinking Funds 
  
 SECTION 13.01. Applicability of Article. The provisions of this Article Thirteen shall be applicable to any sinking fund for the retirement of
Securities of a Series except as otherwise specified in the terms of that Series as established in accordance with Section 3.01. The minimum amount of any sinking fund payment provided for by the terms of Securities of any Series is herein referred
to as a “mandatory sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any 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 13.02. Each sinking fund payment shall be applied to the redemption of Securities of any Series as provided for by the
terms of Securities of such Series. 
  
 SECTION 13.02.
Satisfaction of Sinking Fund Payments with Securities. The Company (i) may deliver Outstanding Securities of a Series (other than any previously called for redemption), and (ii) may apply as a credit Securities of a Series that have been
redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part
of any sinking fund payment with respect to the Securities of such Series required to be made pursuant to the terms of such Securities as provided for by the terms of such Series; provided that such Securities have not been previously so credited.
Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in or calculated in accordance with such Securities for redemption through operation of the sinking fund and the amount of such sinking
fund payment shall be reduced accordingly. 
  
 SECTION 13.03.
Redemption of Securities for Sinking Fund. Not less than 60 days prior to each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee and the Registrar an Officers’ Certificate specifying (i) the
amount of the next ensuing sinking fund payment for the Securities of that Series pursuant to the terms of the Securities of that Series, (ii) the portion thereof, if any, that is to be satisfied by payment of cash and the portion thereof, if any,
that is to be satisfied by delivering and crediting Securities of that Series pursuant to Section 13.02, and (iii) that none of such Securities has theretofore been so credited, and stating the basis for such credit, and will also deliver to the
Trustee any Securities to be so delivered. Not less than 30 days before each sinking fund payment date the Registrar shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 4.03 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 4.04. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the
manner stated in Sections 4.06 and 4.07 and shall be subject to Section 4.08. 
  
 ARTICLE FOURTEEN 
  
 Meetings of Holders of Securities 
  
 SECTION
14.01. Purposes for Which Meetings May Be Called. A meeting of Holders of Securities of any Series may be called at any time and from time to time pursuant to this Article Fourteen to make, give or take any request, demand, authorization,
direction, notice, consent, waiver or other Act provided by this Indenture to be made, given or taken by Holders of Securities of such Series. 
  
 SECTION 14.02. Call, Notice and Place of Meetings. (a) The Trustee may at any time call a meeting of Holders of Securities of any Series for any
purpose specified in Section 14.01, to be held at such time and at such place, in the Borough of Manhattan, The City of New York, as the Trustee shall determine. Notice of every meeting of Holders of Securities of any Series, setting forth the time
and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in Section 1.06, not less than 21 nor more than 180 days prior to the date fixed for the meeting. 

 
 (b) If at any time the Company, pursuant to a Board Resolution, or the
Holders of at least 10% in principal amount of the Outstanding Securities of any such Series shall have requested the Trustee 

  

 45 

 
to call a meeting of the Holders of Securities of such Series for any purpose specified in Section 14.01, by written request setting forth in reasonable
detail the action proposed to be taken at the meeting, and the Trustee shall have made the first publication of the notice of such meeting within 21 days after receipt of such request or shall not thereafter proceed to cause the meeting to be held
as provided herein, then the Company or the Holders of Securities of such Series in the amount above specified, as the case may be, may determine the time and the place in the Borough of Manhattan, The City of New York for such meeting and may call
such meeting for such purposes by giving notice thereof as provided in Section 14.02(a). 
  
 SECTION 14.03. Persons Entitled to Vote at Meetings. To be entitled to vote at any meeting of Holders of Securities of any Series, a Person shall be (i) a Holder of one or more Outstanding Securities of such
Series, or (ii) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding Securities of such Series by such Holder or Holders. The only Persons who shall be entitled to be present or to speak at any
meeting of Holders of Securities of any Series shall be the Persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel and any representatives of the Company and its counsel. 
  
 SECTION 14.04. Quorum; Action. The Persons entitled to vote a majority
in principal amount of the Outstanding Securities of a Series shall constitute a quorum for a meeting of Holders of Securities of such Series; provided, however, that if any action is to be taken at such meeting with respect to a consent or waiver
which this Indenture expressly provides may be given by the Holders of a greater percentage in principal amount of the Outstanding Securities of a Series, the Persons entitled to vote such greater percentage in principal amount of the Outstanding
Securities of such Series shall constitute a quorum. In the absence of a quorum within 30 minutes of the time appointed for any such meeting, the meeting shall, if convened at the request of Holders of Securities of such Series, be dissolved. In the
absence of a quorum in any other case the meeting may be adjourned for a period of not less than 10 days as determined by the chairman of the meeting prior to the adjournment of such meeting. In the absence of a quorum at any such adjourned meeting,
such adjourned meeting may be further adjourned for a period of not less than 10 days as determined by the chairperson of the meeting prior to the adjournment of such adjourned meeting. Notice of the reconvening of any adjourned meeting shall be
given as provided in Section 14.02(a), except that such notice need be given only once not less than five days prior to the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall state
expressly the percentage, as provided above, of the principal amount of the Outstanding Securities of such Series that shall constitute a quorum. 
  
 Except as limited by the provisos to Section 9.02, any resolution presented to a meeting or adjourned meeting duly reconvened at which a quorum is present
as aforesaid may be adopted only by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Securities of the Series; provided, however, that, except as limited by the provisos to Section 9.02, any resolution with
respect to any consent or waiver that this Indenture expressly provides may be given by the Holders of a greater percentage in principal amount of the Outstanding Securities of a Series may be adopted at a meeting or an adjourned meeting duly
reconvened and at which a quorum is present as aforesaid only by the affirmative vote of the Holders of such greater percentage in principal amount of the Outstanding Securities of that Series; and provided further that, except as limited by the
provisos to Section 9.02, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other Act that this Indenture expressly provides may be made, given or taken by the Holders of a specified percentage,
that is less than a majority in principal amount of the Outstanding Securities of a Series may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid by the affirmative vote of the Holders of
such specified percentage in principal amount of the Outstanding Securities of that Series. 
  
 Any resolution passed or decision taken at any meeting of Holders of Securities of any Series duly held in accordance with this Section shall be binding on all the Holders of Securities of such Series, whether or not
present or represented at the meeting. 
  
 SECTION 14.05.
Determination of Voting Rights; Conduct and Adjournment of Meetings. 
  
 (i) Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of Holders of Securities of such Series in regard to proof of the
holding of Securities of such Series and of the appointment of proxies and in regard 

  

 46 

 
to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and other evidence of the right to vote, and
such other matters concerning the conduct of the meeting as it shall deem appropriate. Except as otherwise permitted or required by any such regulations, the holding of Securities shall be proved in the manner specified in Section 1.04, and the
appointment of any proxy shall be proved in the manner specified in Section 1.04. Such regulations may provide that written instruments appointing proxies, regular on their face, may be presumed valid and genuine without the proof specified in
Section 1.04 or other proof. 
  
 (ii) The Trustee
shall, by an instrument in writing, appoint a temporary chairperson of the meeting, unless the meeting shall have been called by the Company or by Holders of Securities as provided in Section 14.02(b), in which case the Company or the Holders of
Securities of the Series calling the meeting, as the case may be, shall in like manner appoint a temporary chairperson. A permanent chairperson and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a
majority in principal amount of the Outstanding Securities of such Series represented at the meeting. 
  
 (iii) At any meeting, each Holder of a Security of such Series or proxy shall be entitled to one vote for each $1,000 principal amount (or
the equivalent in any Foreign Currency) of Securities of such Series held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any Security challenged as not Outstanding and ruled by the
chairperson of the meeting not to be Outstanding. The chairperson of the meeting shall have no right to vote, except as a Holder of a Security of such Series or a proxy. 
  
 (iv) Any meeting of Holders of Securities of any Series duly called pursuant to Section 14.02 at which a
quorum is present may be adjourned from time to time by Persons entitled to vote a majority in principal amount of the Outstanding Securities of such Series represented at the meeting; and the meeting may be held as so adjourned without further
notice. 
  
 SECTION 14.06. Counting Votes and Recording Action
of Meetings. The vote upon any resolution submitted to any meeting of Holders of Securities of any Series shall be by written ballots on which shall be subscribed the signatures of the Holders of Securities of such Series or of their
representatives by proxy and the principal amounts and serial numbers of the Outstanding Securities of such Series held or represented by them. The permanent chairperson of the meeting shall appoint two inspectors of votes who shall count all votes
cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in triplicate of all votes cast at the meeting. A record, with at least four copies thereof, of the
proceedings of each meeting of Holders of Securities of any Series shall be prepared by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and
affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was given as provided in Section 14.02 and, if applicable, Section 14.04. Each copy shall be signed and
verified by the affidavits of the permanent chairperson and secretary of the meeting and one such copy shall be delivered to the Company and another to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted
at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated. 
  
 ARTICLE FIFTEEN 
  
 Miscellaneous 
  
 SECTION 15.01. Counterparts. This Indenture may be executed in any number of counterparts, each of which shall be an original, which taken together shall constitute but one and the same instrument. 
  
 J.P. Morgan Trust Company, National Association hereby accepts the trusts in
this Indenture declared and provided, upon the terms and conditions hereinabove set forth. 
  

 47 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and their
respective corporate seals to be hereunto affixed and attested, all as of the day and year first above written. 
  

											
	 {SEAL}
	 	 	 	 WAL-MART STORES, INC.

			
	 Attest:
	 	 	 	 
				
	 	 	 	 	By :	 	 
						
	 	 	 	 	 	 	 	 	 Name:
	 	 
						
	 	 	 	 	 	 	 	 	 Title:
	 	 

  

											
			
	 {SEAL}
	 	 	 	 J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee

			
	 Attest:
	 	 	 	 
				
	 	 	 	 	By: 	 	 
	 	 	 	 	 	 	 	 	 Name:
	 	 
	 	 	 	 	 	 	 	 	 Title:
	 	 

  

 48 

							
	STATE OF ARKANSAS	  	§	  	 	  	 
	 	  	 	  	§	  	ss.:
	COUNTY OF BENTON	  	§	  	 	  	 

  
 On
                , 2005, before me personally came to me known,
                                , who, being by me duly sworn, did depose and say
that he works at 702 S.W. Eighth St., Bentonville, Arkansas; that he is
                                 of WAL-MART STORES, INC., one of the parties
described in and which executed the foregoing instrument; that he knows the corporate seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by authority of the Board of Directors of said
corporation; and that he signed his name thereto by like authority. 
  

	
	
	 
	Notary Public

  
 {Notarial Seal} 
  

							
	STATE OF ILLINOIS	  	§	  	 	  	 
	 	  	 	  	§	  	ss.:
	COUNTY OF COOK	  	§	  	 	  	 

  
 On                 , 2005, before me personally appeared
                    , to me known, who, being by me duly sworn, did depose and say that she works at 227 West Monroe Street, Suite 2600, Chicago,
Illinois 60606 that she is an authorized officer of J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION, one of the parties described in and which executed the foregoing instrument; that she knows the corporate seal of said corporation; that the seal
affixed to said instrument is such corporate seal; that it was so affixed by authority of the Board of Directors of said corporation; and that she signed her name thereto by like authority. 
  

	
	
	 
	Notary Public

  
 {Notarial Seal}

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